Inpac Dev Co V011809 V2

Introducing INPAC’s

A Unique Solution for your

FIELD DEVELOPMENT PLANRequirements

for West African Energy Projects




A Diversified Nigerian Energy Company

Integrated Pan-African Energy Company, Ltd. (INPAC)Integrated Pan-African Energy Company, Ltd. (INPAC)

INPAC Development for FDP in NigeriaINPAC Development for FDP in Nigeria

Business Model


ConventionalE&P

Bio-Fuel

Unconventional

Solar

Transportation

Wind

Fuel Distr.

Pipelines

Marine

Offshore

Onshore

Marginal

Services

FDPServices

ConsultantServices

O&MAdvisory

INPAC Services - Consultancy


Consultant ServicesProject Management OfficeStructured Project Finance

Internal & External Consultant

ConventionalE&P

Bio-Fuel

Unconventional

Solar

Transportation

Wind

Fuel Distr.

Pipelines

Marine

Offshore

Onshore

Marginal

Services

FDPServices

ConsultantServices

O&MAdvisory

Project Development & Finance Services

Consultant ServicesConsultant Services

ProjectManagement

Office

Structured Project Finance

Structured Project Financing Services

• Screening for Financing and Contracting

• Development Investment Financing (DIF)

• Feasibility and Evaluation Validation

• Risk-based Decision Support Packages (DSP)

• Project Financing Strategies & Plans

• Project Portfolio Management (PPM)

• Structured Non-Recourse Project Finance (SNRPF)

• Neutralizing Risks for Project Financing (NRPF)

• Project Payment Milestones Schedules (PPMS)

Project Management Office

• Advisory

• Audits / Reviews

• Augmentation

• Development

• Execution

• Stoppages / Closeouts

INPAC Services – O&M Services


O&M AdvisoryIn Nigeria – Lagos Office

Technical Partners

ConventionalE&P

Bio-Fuel

Unconventional

Solar

Transportation

Wind

Fuel Distr.

Pipelines

Marine

Offshore

Onshore

Marginal

Services

FDPServices

ConsultantServices

O&MAdvisory

O&M Services

Operations & Maintenance Advisory Operations & Maintenance Advisory

Operations & Maintenance Advisory

• Capital Budgeting Assistance

• Facility Expansion Project Assistance

• Cost Reduction Assessments

• Industrial Relations (IR)

• Labor Contract Negotiation Assistance

• Maintenance Strategies and Auditing

• Operational Improvement Engagements

• Troubleshooting Engagements (TS)

O&MAdvisory

INPAC Services – FDP Services


INPAC Development Co. FDP Consultancy ServicesIn Nigeria – Lagos OfficeTechnical Partner for FDP

ConventionalE&P

Bio-Fuel

Unconventional

Solar

Transportation

Wind

Fuel Distr.

Pipelines

Marine

Offshore

Onshore

Marginal

Services

FDPServices

ConsultantServices

O&MAdvisory

Ownership Structure

INPAC Development Company (IDC)INPAC Development Company (IDC)

Ownership of INPAC Development Company (IDC)

INPAC Development Company provides 100% local content of FDP work• Integrated Pan-African Energy Company, Ltd. (Nigeria)

• Majority control of IDC by current INPAC Shareholders• Subsurface Consultants, Ltd. (SCA) – Technical Partner – 30%• Project Executive Group, Ltd. (PEG) – Technical Partner – 15%

• The combined technical expertise, consulting & training experience and strengths of SCA and PEG add enormous growth to INPAC’s indigenous capacity building.

• INPAC Development provides Nigerian-based FDP services to IOC, NOC and Indigenous operators in Nigeria and the sub-Sahara West Africa region .

.

Field Development Plans & Related Services

INPAC Development FDP ServicesINPAC Development FDP Services

Surface Technical Services

SubsurfaceTechnical Services

FDP-RelatedTraining

Strategic Project

Development

Project FinanceReserve/Field

INPAC Development FDP Consultancy Services

In Nigeria – Lagos OfficeTechnical Partner for FDP

What is a Field Development Plan (FDP)?

INPAC DevelopmentINPAC Development

Field Development Plan (FDP)

• Field Development Plan (FDP) is a defined strategy for the development of a field after it has been agreed that the identified resources can be commercially produced.

• The FDP must address environmental as well as commercial requirements.

• There are government defined Procedural Guidelines that must be adhered to by the operator and approved by the controlling government entity (NAPIMS in Nigeria) for any project in its jurisdiction.

• Each country has unique guidelines for Field Development Plans.

What is Required for the FDP in Nigeria?


Draft FDP Guidelines1. Operator must invite NAPIMS to participate in the studies and all the Value Assurance Reviews

(VARs) sessions from the project initiation stage to the Final Investment Decision.

2. After the final Value Assurance Reviews (VARs) sessions with NAPIMS, Operator will be required to send 10 hard copies and 3 electronic copies of DRAFT FDP to NAPIMS for review.

3. The DRAFT FDP sent to NAPIMS should detail the content listed on the following slide.

4. NAPIMS reviews the technical and commercial viability of the project.

5. If satisfactory, NAPIMS will invite the Operator for presentation within 3 weeks of receipt of the draft FDP Report.

6. If not satisfactory, NAPIMS will communicate formally their observations to Operator for amendments.

Post - Draft FDP Procedures for Gaining Approval1. Operator formally submits the amended FDP to NAPIMS stating date for the presentation of the

FDP to NAPIMS. The presentation is NOT for approval but for clarification of issues.

2. After the presentations and clarifications, NAPIMS will then formally communicate approval of the FDP to Operator.

3. After the approval by NAPIMS, Operator will present the FDP to DPR with active involvement of NAPIMS team.

What is Contained in a Nigerian FDP?

FDP Contents Table for NigeriaFDP Contents Table for Nigeria

Contents of the FDP

I. Introduction (field overview, development driver and objectives)

II. Scope of Work (predevelopment, development wells, surface facilities)

III. Sub-surface (geological, geophysical, and petro-physical analysis)

IV. Petroleum Engineering (reservoir model, drilling program, production)

V. Surface Facilities (facilities and options, production forecasts)

VI. Project Execution (contracts, schedule, local content)

VII. Cost of the Project (CAPEX, OPEX, project economics)

VIII.Report of Environmental Impact Assessment

IX. Abandonment Program

Generalized Process for Nigerian FDP

FDP Approval Process in NigeriaFDP Approval Process in Nigeria

Obtain License

Present FDPTo DPR

EIA

Exploration

Field Acquisition

Discovery

Communications Feedback LoopOperator-FDP Consultants - NAPIMS

NAPIMSAPPROVAL

Submit DRAFTFDP to NAPIMS

PrepareDRAFT FDP

Data QualityAssessment

Field Development Plans (FDP) in Nigeria

Field Development Plans in Nigeria

• INPAC Development has the capabilities to produce high quality Field Development Plans (FDP) for Nigerian Government Approval.

• All work is done in Nigeria allowing for full cost recovery.

• Our high-end quality subsurface and surface teams offer the best, fastest and most cost-effective approach to completing FDPs.


Project Development Services

Development Services in Nigeria

• INPAC Development as an INPAC Service offers the best processes and the fastest realization of monetizing your discoveries.

• We are a highly-disciplined project development and management company and have superior performance track record in delivering to managed expectations.

• We optimize your capital project NPV for investment integrity using transparent Decision Support Packages (DSP) for each Decision Gate of the development. This unbiased third party approach is warmly received by management, boards of directors and lenders in development projects.

INPAC Development – INPAC ServicesINPAC Development – INPAC Services

Structured Project Finance

Project Finance for Oil & Gas Monetization

• When reservoirs and/or fields look promising under evaluation, INPAC Development can work with owners to establish the best structured financing for developing the asset.

• By integration with the FDP, a year or two of improved NPV can be obtained by securing financing while the FDP is being created.

• When approval is given, the financing is quickly in place for development.

INPAC Development as part of the INPAC Services group has relationships with several financial institutions and private equity investors with a West African strategy and interest in quality investments.

INPAC Development – INPAC ServiceINPAC Development – INPAC Service

FDP-Related Training & Certification

Training & Certification Programs for FDP Capacity Building

• FDP-Related Technical Training for INPAC and for other FDP Clients of IDC

• Subsurface Technical Training & Certification Programs

• Surface Engineering Disciplines Training & Certification Programs

• Project Management Training & Certification Programs

Training Program venues /coordination facilitated by Bowen & Brown, Ltd.


Subsurface Consultants & Associates (SCA)

INPAC Development Technical PartnerINPAC Development Technical Partner

Founded: 1988

Expertise: Broad-based, upstream geology, geophysics, petroleum engineering and management consultancy & training company.

Consultancy Success: Responsible for helping to find and/or develop over 5.5 billion barrels of oil equivalent.

Global Operations: Operations in 41 countries on 6 continents.

Training: Responsible for teaching over 20,000 geoscientists, engineers and other professionals worldwide.

Client Base: Consists of over 350 private and public oil companies, national oil companies, government agencies, financial institutions and legal firms.

SCA is Unique

INPAC Development Technical PartnerINPAC Development Technical Partner

1. THE INSEPARABILITY OF OUR CONSULTANCY AND TRAINING SERVICES.

2. THREE WORLD CLASS TEXTBOOKS.

3. SCA’S CONSULTING USES THE APPLICATION OF A PROVEN PHILOSOPHICAL DOCTRINE FOR FINDING AND DEVELOPING OIL AND GAS, ALONG WITH SCA’S PROPRIETARY EXPLORATION AND DEVELOPMENT PROCESSES, METHODOLOGY AND TECHNIQUES, COMBINED WITH STATE OF THE ART SOFTWARE.

4. SCA’S FIRST CLASS GLOBAL TRAINING PROGRAM IN GEOLOGY, GEOPYSICS, ENGINEERING, CROSS-DISCIPLINES AND FIELD SEMINARS.

5. THE EMPLOYMENT OF THE BEST GEOSCIENTISTS AND ENGINEERS AVAILABLE IN THE INDUSTRY.

Project Executive Group (PEG)

INPAC Services Technical PartnerINPAC Services Technical Partner

Founded: 2000

Expertise: The Project Executive Group enables clients to achieve outstanding results & outcomes for owners and contractors alike across the industry base it serves through its competencies.

PEG brings a unique set of competencies in project development, structured project finance, decision and risk management, project management, and troubled project turnarounds plus extensive industry experience in development of oil & gas facilities, onshore and offshore marine facilities and related engineering & construction thus enabling PEG to deliver exceptional value to Clients' surface facilities projects.

Consultancy Success: Responsible for helping find cost savings of over $500 Million in several major capital development oil & gas surface facilities projects.

Training: Responsible for training over a thousand in advanced project-related, structured finance, and risk management courses, seminars and workshops.

Client Base: Consists of over 100 private, public and government entities.

PEG is Unique


1. THE INSEPARABILITY OF OUR CONSULTANCY AND TRAINING SERVICES.

2. PEG’S CONSULTING USES PROVEN BEST PRACTICES, PROCESSES AND METHODOLOGY FOR DEVELOPING AND DELIVERING OUTSTANDING RESULTS IN OIL AND GAS PROJECTS, ALONG WITH PEG’S PROPRIETARY STRATEGY AND STRATEGIC DECISION EXECUTION AND IMPLEMENTATION METHODOLOGY AND TECHNIQUES, COMBINED WITH STATE OF THE ART SOFTWARE.

3. PEG’S FIRST CLASS GLOBAL TRAINING PROGRAM IN ADVANCED PROJECT-RELATED COURSES, SEMINARS AND WORKSHOPS IN PROJECT MANAGEMENT, PROJECT CONTROLS, DECISION-MAKING, PLANNING, EXECUTION, INVESTMENT ANALYSIS, STRUCTURED FINANCE, AND RISK MANAGEMENT DELIVER MEASURABLE RESULTS.

4. GLOBAL AWARDS FOR DEVELOPMENT PERFORMANCE

Project Executive Group Special Services


• Production Offshore Facilities – Platforms, FPSOs, Subsea Systems

• Marine Terminal Facilities – Oil, LNG, LPG, Onshore/Offshore

• Reserve-based and Field Development Financing

• Risk-based Complete Project Finance Modeling for Financial Closure

• Project Payment Milestone Schedule Development for Project Financing

• Risk-based Fully Integrated Master Schedules & Budgets for Execution

• Automation / ERP Systems – Planning & Execution Assistance

• Project Evaluation – Bid / No Bid; Invest / No Invest; Go / No Go

• Economic Modeling & Project Reviews / Audits / Sanity Checks

• Full Risk Assessments in any phase of a capital project

• Risk-based Decision Support Packages for Financial Investment Decision

• Independent Complete Project Risk Integrity Validation for SOX/Assurance

A Diversified Nigerian Energy Company


Thank you!







www.inpac-energy.com | [email protected] | Fax: +234 1 270 3616

INPAC Development for FDP in NigeriaINPAC Development for FDP in Nigeria