Component Mol % Gross (2) x (3)/100

Heating BTU/SCF
Value
BTU/SCF

CO2 3.02 0 0
N2 2 0 0
H2S 0 637 0
C1 89.75 1010 906.475
C2 3.63 1770 64.251
C3 0.99 2516 24.9084
i-C4 0.15 3252 4.878
n-C4 0.2 3262 6.524
i-C5 0.08 4001 3.2008
n-C5 0.06 4009 2.4054
n-C6 0.05 4756 2.378
n-C7 0.06 5503 3.3018
n-C8 0.01 6249 0.6249
TOTAL 1018.95 BTU/SCF
ESTIMATION OF LNG YEARLY PRODUCTION

Small Field
Peak Gas Rate, Qstd 30 MMScfd
Peak Gas Rate, less quantity required for power on FPSO, Q 23.393 MMScfd APCI PLANT CLASSIFICATION
1BScf = 0.021 MM tons LNG 0.03-0.5 MM tpy small
LNG Production, tpy (Basis: 340 days/year) 0.17 MMtpy 0.5-2.5 MM tpy medium
Remark Small size plant 3-8 MM tpy large
LPG Production, tpy (Basis: 340 days/year) 0.184 MMtpy
Condensate Production, tpy (Basis: 340 days/year)

Medium Field
Peak Gas Rate, Qstd 80 MMScfd
Peak Gas Rate, less quantity required for power on FPSO, Q 69.562 MMScfd
1BScf = 0.021 MM tons LNG
LNG Production, tpy (Basis: 340 days/year) 0.50 MMtpy
Remark Small size plant
LPG Production, tpy (Basis: 340 days/year) 0.55 MMtpy
Condensate Production, tpy (Basis: 340 days/year)

Large Field
Peak Gas Rate, Qstd 160 MMScfd
Peak Gas Rate, less quantity required for power on FPSO, Q 143.299 MMScfd
1BScf = 0.021 MM tons LNG
LNG Production, tpy (Basis: 340 days/year) 1.02 MMtpy
Remark Medium size plant
LPG Production, tpy (Basis: 340 days/year) 1.13 MMtpy
Condensate Production, tpy (Basis: 340 days/year)

GAS REQUIRED TO GENERATE POWER FOR FPSO ONLY

Small Field BALANCE

Peak Gas Rate 6.607 MMScfd 23.393 MMScfd
Energy@ 1018.95 MMBtu/MMScf (BTU) 6607 MMBTU/day
1BTU = 1055J 6732467.53246753 MJ/day
1 day = 86400 sec 78 MJ/sec or MW
Power Generated (MW) 78 MW
Power Generated (MW) @ 38.5% efficiency 30 MW

Medium Field BALANCE

Peak Gas Rate 10.438 MMScfd 69.562 MMScfd
Energy@ 1018.95 MMBtu/MMScf (BTU) 10636 MMBTU/day
1BTU = 1055J 11220779.2207792 MJ/day
1 day = 86400 sec 130 MJ/sec or MW
Power Generated (MW) 130 MW
Power Generated (MW) @ 38.5% efficiency 50 MW

Large Field BALANCE

Peak Gas Rate 16.701 MMScfd 143.299 MMScfd
Energy@ 1018.95 MMBtu/MMScf (BTU) 17017 MMBTU/day
1BTU = 1055J 17953246.7532468 MJ/day
1 day = 86400 sec 208 MJ/sec or MW
Power Generated (MW) 208 MW
Power Generated (MW) @ 38.5% efficiency 80 MW
*Bench marked with BERING SEA DEEPS LNG

SMALL FIELD
Peak Gas Rate, less quantity required for
23.39 MMScfd
power on FPSO, Q
Energy@ 1018.95 MMBtu/MMScf (BTU) 23836.01 MMBtu/d
LNG Production, tpy (Basis: 340 days/year) 0.17 MMtpy

FLNG Plant Capital Cost

1.) Shipping mooring system $
*Bench marked with Azur Offshore LTD
FSU Cost Database( 1996 cost) Water depth of 500
metres
Turret Mooring System Engineering $751,640.00
Model Testing $180,393.60
Construction $12,026,240.00
Mooring Lines $751,640.00
Total Cost(1996), Present value $13,709,913.60
n 14 years
Interest rate 5 %
Total cost @ 5% interest rate $27,144,691.16

C1 $27,144,691.16
Q1 500 m
Q2 120.00 m
C2=C1(Q2/Q1) 0.6
$11,529,531.23

Total FLNG Capital Cost $11,529,531.23 $

FLNG Plant Operating Cost

Plant Leasing Cost

$7,953,525.66 $
Capital and Floating LNG (FLNG)
financing costs ( @ 5% interest rate)
Total Investment, Iinvest $19,483,056.89 $
Interest rate, r 0.05 * 5%
Loan Period, N 15 years
Investment Annual Installment, R $1,877,042.27 $
Total Investment Paid off, Cinvest $28,155,634.05 $

Labour Cost
Total Labour Cost $28,324,800.00 $
Production and lifting costs
$5,965,144.25 $
(@ $0.75 per 1,000cf)
Liquefaction, loading and
$11,930,288.49 $
storage costs ( @$1.50 per 1,000cf)
Shipping costs (@ $0.75 per 1,000cf) $5,965,144.25 $

TOTAL Operating Cost $54,062,419.26 $

REVENUE
LNG (Sale @ $10.70 per MMBtu LNG) $86,715,421.22 $
LPG (Sale @ $400 per tonne LPG) $73,490,577.12 $
Condensate (Sale @ $70 per Barrel Condensate)* $

TOTAL Revenue $160,205,998.33 $

Profit Before Tax $104,266,536.81 $

 Equation Used Comments

£1 =$1.50328

Source:BERING SEA ABYSSAL FLNG Preliminary Estimates available

at: http://www.strategicnine.com/Bering-Sea-LNG-budgets.htm

Floating LNG (FLNG) Lease and financing costs ($1per 1,000cf)

Source: Bering Sea Deeps FLNG

23392.7225358293

R =r(1+r)N/(1+r)N-1
Cinvest=IinvestNr(1+r)N/(1+r)N-1
*Bench marked with BERING SEA DEEPS LNG

MEDIUM FIELD
Peak Gas Rate, less quantity required for
69.56 MMScfd
power on FPSO, Q
Energy@ 1018.95 MMBtu/MMScf (BTU) 70880.16 MMBtu/d
LNG Production, tpy (Basis: 340 days/year) 0.50 MMtpy

FLNG Plant Capital Cost

1.) Shipping mooring system $
*Bench marked with Azur Offshore LTD
FSU Cost Database( 1996 cost) Water depth of 500
metres
Turret Mooring System Engineering $751,640.00
Model Testing $180,393.60
Construction $12,026,240.00
Mooring Lines $751,640.00
Total Cost(1996), Present value $13,709,913.60
n 14 years
Interest rate 5 %
Total cost @ 5% interest rate $27,144,691.16

C1 $27,144,691.16
Q1 500 m
Q2 300.00 m
C2=C1(Q2/Q1) 0.6
$19,979,087.78
Total FLNG Capital Cost $19,979,087.78 $

FLNG Plant Operating Cost

Plant Leasing Cost

$23,651,067.40 $
Capital and Floating LNG (FLNG)
financing costs ( @ 5% interest rate)
Total Investment, Iinvest $43,630,155.18 $
Interest rate, r 0.05 * 5%
Loan Period, N 15 years
Investment Annual Installment, R $4,203,428.96 $
Total Investment Paid off, Cinvest $63,051,434.38 $

Labour Cost
Total Labour Cost $28,324,800.00 $

Production and lifting costs

$17,738,300.55 $
(@ $0.75 per 1,000cf)
Liquefaction, loading and
$35,476,601.10 $
storage costs ( @$1.50 per 1,000cf)
Shipping costs (@ $0.75 per 1,000cf) $17,738,300.55 $

TOTAL Operating Cost $103,481,431.15 $

REVENUE
LNG (Sale @ $10.70 per MMBtu LNG) $257,862,029.83 $
LPG (Sale @ $400 per tonne LPG) $73,490,577.12 $
Condensate (Sale @ $70 per Barrel Condensate) $

TOTAL Revenue $331,352,606.95 $

Profit Before Tax $223,667,746.84 $

 Equation Used Comments

£1 =$1.50328

Source:BERING SEA ABYSSAL FLNG Preliminary Estimates available

at: http://www.strategicnine.com/Bering-Sea-LNG-budgets.htm

Floating LNG (FLNG) Lease and financing costs ($1per 1,000cf)

Source: Bering Sea Deeps FLNG

R =r(1+r)N/(1+r)N-1
Cinvest=IinvestNr(1+r)N/(1+r)N-1
*Bench marked with BERING SEA DEEPS LNG

LARGE FIELD
Peak Gas Rate, less quantity required for
143.30 MMScfd
power on FPSO, Q
Energy@ 1018.95 MMBtu/MMScf (BTU) 146014.66 MMBtu/d
LNG Production, tpy (Basis: 340 days/year) 1.02 MMtpy

FLNG Plant Capital Cost

1.) Shipping mooring system $
*Bench marked with Azur Offshore LTD
FSU Cost Database( 1996 cost) Water depth of 500
metres
Turret Mooring System Engineering $751,640.00
Model Testing $180,393.60
Construction $12,026,240.00
Mooring Lines $751,640.00
Total Cost(1996), Present value $13,709,913.60
n 14 years
Interest rate 5 %
Total cost @ 5% interest rate $27,144,691.16

C1 $27,144,691.16
Q1 500 m
Q2 1200.00 m
C2=C1(Q2/Q1) 0.6
$45,899,890.54
Total FLNG Capital Cost $45,899,890.54 $

FLNG Plant Operating Cost

Plant Leasing Cost

$48,721,707.83 $
Capital and Floating LNG (FLNG)
financing costs ( @ 5% interest rate)
Total Investment, Iinvest $94,621,598.38 $
Interest rate, r 0.05 * 5%
Loan Period, N 15 years
Investment Annual Installment, R $9,116,061.24 $
Total Investment Paid off, Cinvest $136,740,918.67 $

Labour Cost
Total Labour Cost $28,324,800.00 $

Production and lifting costs

$36,541,280.88 $
(@ $0.75 per 1,000cf)
Liquefaction, loading and
$73,082,561.75 $
storage costs ( @$1.50 per 1,000cf)
Shipping costs (@ $0.75 per 1,000cf) $36,541,280.88 $

TOTAL Operating Cost $183,605,984.75 $

REVENUE
LNG (Sale @ $10.70 per MMBtu LNG) $531,201,330.92 $
LPG (Sale @ $400 per tonne LPG) $73,490,577.12 $
Condensate (Sale @ $70 per Barrel Condensate) $

TOTAL Revenue $604,691,908.04 $

Profit Before Tax $411,969,862.05 $

 Equation Used Comments

£1 =$1.50328

Source:BERING SEA ABYSSAL FLNG Preliminary Estimates available

at: http://www.strategicnine.com/Bering-Sea-LNG-budgets.htm

Floating LNG (FLNG) Lease and financing costs ($1per 1,000cf)

Source: Bering Sea Deeps FLNG

R =r(1+r)N/(1+r)N-1
Cinvest=IinvestNr(1+r)N/(1+r)N-1
 LABOUR COST ESTIMATE
man months per man month Total

Operators 240 $ 112,000 $ 26,880,000

Supervisors 48 $ 22,400 $ 1,075,200
Plant Manager 12 $ 5,600 $ 67,200
252 $ 1,200 $ 302,400

TOTAL $ 28,324,800

Assumptions
Duration (Months) 12
Wage Rates
Operators( @$35/hr) 35
Supervisors( @ $60/hr) 60
Plant Manager ( @$100/hr) 100

Manhours per month(8hr/day) 160

Number of Operators 20
Supervisors 4
Plant Manager 1
 Notes
Based on: all member of the team working an
eight(8) hour shift. Cost based on daily rate for
similar plant operation.
*Bench marked with BERING SEA DEEPS LNG

LARGE FIELD
Peak Gas Rate, less quantity required for
420.17 MMScfd
power on FPSO, Q
Energy@ 1018.95 MMBtu/MMScf (BTU) 428130.18 MMBtu/d
LNG Production, tpy (Basis: 340 days/year) 3.00 MMtpy

FLNG Plant Capital Cost

1.) Inlet/Reception Facilities
2.) Liquefaction/Fractionation Unit
3.) Storage and Loading Unit
2.) Utilities Unit

$142,857,120.00 $
Total FLNG Plant Direct Cost
Indirect Cost
Engineering design Cost( @ 8% Plant Cost) $11,428,569.60 $
Construction cost( @ 7% Plant Cost) $9,999,998.40 $
Contractor cost (@ 5% Plant Cost) $7,142,856.00 $
Total Indirect Cost $28,571,424.00 $
Contingency Cost( @ 8% direct + indirect cost) $13,714,283.52 $

FLNG Plant Operating Cost

Capital and Floating LNG (FLNG)
$
financing costs ( @ 5% interest rate)
Total Investment, Iinvest $185,142,827.52 $
Interest rate, r 0.05 * 5%
Loan Period, N 15 years
Investment Annual Installment, R $17,837,083.54 $
Total Investment Paid off, Cinvest $267,556,253.07 $

Labour Cost
Total Labour Cost $28,324,800.00 $

Production and lifting costs

$107,142,840.00 $
(@ $0.75 per 1,000cf)
Liquefaction, loading and
$214,285,680.00 $
storage costs ( @$1.50 per 1,000cf)
Shipping costs (@ $0.75 per 1,000cf) $107,142,840.00 $

TOTAL Operating Cost $474,733,243.54 $

REVENUE
LNG (Sale @ $10.70 per MMBtu LNG) $1,557,537,607.94 $
LPG (Sale @ $400 per tonne LPG) $73,490,577.12 $
Condensate (Sale @ $70 per Barrel Condensate) $

TOTAL Revenue $1,631,028,185.06 $

Profit Before Tax $1,138,457,857.98 $

 Equation Used Comments

Capital and Floating LNG (FLNG) Lease and financing costs ($1per
1,000cf) Source: Bering Sea Deeps FLNG

$4,285,713,600.00

R =r(1+r)N/(1+r)N-1
Cinvest=IinvestNr(1+r)N/(1+r)N-1