Lenders’ Technical Advisors Proven. Global. Reliable. Granherne is a trusted advisor consultancy to leading hydrocarbon and energy businesses worldwide. Unparalleled Experience and Capabilities In over three decades of providing Technical Advisory Services through technical due diligence and key insights throughout the Oil & Gas industry, Granherne has advised national and independent oil companies, governments & ministries, public utilities, and leading financial institutions. Many of our clients chose Granherne due to our contacts, experience, and reputation with those organizations, both at home and abroad. Our consultancy has established itself as a leader in identifying and quantifying the costs and technical risks that are critical to every investment’s success. We are able to achieve this by drawing on over 30 years of experience of delivering and executing thousands of successful projects in the upstream, midstream, and downstream markets, both on- and offshore. Granherne has based our approach to due diligence on decades of both past project development and operational data, and first-hand experience of succeeding in project and operational excellence.

We offer decades of experience in providing Technical Advisory Services through technical due diligence and key insights throughout the Oil and Gas industry to a wide breadth of companies, governments, and financial institutions. By combining Granherne’s decades of excellence in project delivery and operational consulting, and our global reach and expertise, Granherne has established itself as a leader and trusted advisor in identifying and quantifying the costs and technical risks that are critical to every investment’s success.

Granherne, with our parent company KBR, has delivered countless turn-key projects, taking a facility’s development from concept selection through to construction, start-up, and commissioning. Our engineers and consultants utilize this knowledge and experience by understanding every technical driver that can affect a project’s commercial viability, and how to manage those inherent risks. We have built an cross-functional team that covers all facets of an asset’s life, allowing us to add value to our customer’s portfolio at any stage.

Global Reach Together with KBR, we have offices in over 30 countries and have executed projects in every corner of the Earth. With this, our team of multi-disciplined engineers and consultants have gained the knowledge and expertise of particular regional dynamics to effectively evaluate any asset in any location. With these services we have we remain objective and impartial at all times and treat client relationships and resources with the upmost integrity and confidentiality. This turbulent market brings added complexity to any investment process, but through the experience of our personnel, our far-reaching global presence, and extensive project database, we can ensure our clients meet their investment goals each and every time.

Granherne Limited (UK) Hill Park Court Springfield Drive Leatherhead, KT22 7NL Surrey, UK +44 1372.380000 [email protected]

Granherne Inc. (USA) 601 Jefferson Street Houston, Texas 77002, USA +1 713.753.7200 [email protected]

Granherne Pty Ltd (Asia Pacific) Level 17 100 St. Georges Terrace Perth, 6000, Western Australia +61 8.6444.3000 [email protected]

www.granherne.com © 2016 KBR. All Rights Reserved. K16018

Proven. Global. Reliable.

Lenders’ Technical Advisors Proven. Global. Reliable. Granherne is a trusted advisor consultancy to leading hydrocarbon and energy businesses worldwide. Unparalleled Experience and Capabilities In over three decades of providing Technical Advisory Services through technical due diligence and key insights throughout the Oil & Gas industry, Granherne has advised national and independent oil companies, governments & ministries, public utilities, and leading financial institutions. Many of our clients chose Granherne due to our contacts, experience, and reputation with those organizations, both at home and abroad. Our consultancy has established itself as a leader in identifying and quantifying the costs and technical risks that are critical to every investment’s success. We are able to achieve this by drawing on over 30 years of experience of delivering and executing thousands of successful projects in the upstream, midstream, and downstream markets, both on- and offshore. Granherne has based our approach to due diligence on decades of both past project development and operational data, and first-hand experience of succeeding in project and operational excellence.

We offer decades of experience in providing Technical Advisory Services through technical due diligence and key insights throughout the Oil and Gas industry to a wide breadth of companies, governments, and financial institutions. By combining Granherne’s decades of excellence in project delivery and operational consulting, and our global reach and expertise, Granherne has established itself as a leader and trusted advisor in identifying and quantifying the costs and technical risks that are critical to every investment’s success.

Granherne, with our parent company KBR, has delivered countless turn-key projects, taking a facility’s development from concept selection through to construction, start-up, and commissioning. Our engineers and consultants utilize this knowledge and experience by understanding every technical driver that can affect a project’s commercial viability, and how to manage those inherent risks. We have built an cross-functional team that covers all facets of an asset’s life, allowing us to add value to our customer’s portfolio at any stage.

Global Reach Together with KBR, we have offices in over 30 countries and have executed projects in every corner of the Earth. With this, our team of multi-disciplined engineers and consultants have gained the knowledge and expertise of particular regional dynamics to effectively evaluate any asset in any location. With these services we have we remain objective and impartial at all times and treat client relationships and resources with the upmost integrity and confidentiality. This turbulent market brings added complexity to any investment process, but through the experience of our personnel, our far-reaching global presence, and extensive project database, we can ensure our clients meet their investment goals each and every time.

Granherne Limited (UK) Hill Park Court Springfield Drive Leatherhead, KT22 7NL Surrey, UK +44 1372.380000 [email protected]

Granherne Inc. (USA) 601 Jefferson Street Houston, Texas 77002, USA +1 713.753.7200 [email protected]

Granherne Pty Ltd (Asia Pacific) Level 17 100 St. Georges Terrace Perth, 6000, Western Australia +61 8.6444.3000 [email protected]

www.granherne.com © 2016 KBR. All Rights Reserved. K16018

Proven. Global. Reliable.

PROJECT FINANCE – DUE DILIGENCE

ASSET TRANSACTIONS – DUE DILIGENCE

Granherne provides detailed independent assessments of projects including capital expenditures and future operating costs throughout the lifecycle of the asset. Our multi-disciplinary team captures the technical and commercial components that are critical to a project’s success. We provide the tools to quantify project risk and navigate uncertainty as well as conduct the necessary due diligence to assess a project’s commercial viability and technical feasibility.

Technical Advisory Services  ■■

Technical and economic viability analysis

■■

New project and feasibility assessments

■■

Safety performance and safety procedure

■■

Granherne can provide investors with technical expertise ranging from field and facility assessments to long-term market overviews. The wide array of technical advisory services Granherne provides helps to ensure that our clients are making the right decisions when investing in a facility, confirming the key determinants of the asset’s performance and long term value. Our comprehensive, independent review process gives our clients an assurance and validation of their transaction by analyzing each individual component, thoroughly and carefully, and benchmarking it against our extensive project database.

With over 30 years of experience in the upstream, midstream, and downstream business sectors, Granherne can call on its wealth of project experience and benchmark data to provide in depth assessments of operations and technology, as well as process improvements and technical solutions. Having designed and engineered thousands of facilities across the industry, onshore and off, Granherne is well positioned to optimize the asset allowing our clients to realize the maximum value of their investment. We offer a range of services to advise clients on project management, operations, and risks associated with transitioning from purchasing to ownership.

Technical Advisory Services 

Engineering and Consulting Services 

■■

■■

Site selection and environmental assessments

PERFORMANCE IMPROVEMENT AND TECHNOLOGY ASSESSMENT

Validation of financial model inputs for target facility or assets

■■

Development of inputs to financial models including risk analysis

Physical inspection of the facilities, operations, and associated records

■■

Project management advisory services (Engineering, Procurement, and Construction)

■■

Competitive review and valuation of assets

■■

Operations consulting and benchmarking

■■

Mergers and acquisition support

■■

Optimization and development

■■

Technology assessment (licensing and commercialization)

■■

New technology risk analysis

LENDERS’ TECHNICAL ADVISORY SERVICES Risk Feasibility and Appraisal

Due Diligence and Technical Review

Project Development

Project Sanction

UPSTREAM

MIDSTREAM

Strategy Performance Improvement

DOWNSTREAM

Insight

Opportunity

ACROSS ALL SEGMENTS OF THE VALUE CHAIN Selected Project Experience

Selected Transaction Experience

Selected Consulting Experience

Granherne completed a detailed technical assessment and evaluation of a Gulf Coast LNG import terminal on the behalf of Royal Bank of Scotland. The work included the technical review of the project prior to financial close as well as monitoring of the construction, commissioning and testing prior to project completion. The technical review included assessing the plant design, construction plans, and key contract documents as well as a risk assessment, review of the schedule, and review of the construction and operating costs.

Granherne recently acted as a lender’s advisor for a potential buyer in Tampico, Mexico providing the technical due diligence of three offshore jackets platforms and the associated onshore facility. Granherne provided detailed technical expertise by outlining capital expenditures that would be required for the remaining life of the field, using benchmark data to assess operating expenses, and identifying key risks associated with the subsea, piping, and wellhead infrastructure. Granherne also carried out the technical due diligence for an onshore field, which included conducting physical inspections of the boosting facilities, pipelines, and well heads. Granherne properly identified environmental and other key potential risks including outlining additional capital expenditures associated with the life extension of the field.

Granherne recently completed a comprehensive assessment of a $5 billion world class onshore gas field production facility and associated export infrastructure for a confidential client. The project involved a review of the costs associated with drilling, capital expenditure, operating expenditure, and abandonment liability. Granherne also completed a review of the environmental, health, and safety records as well as identified technical risks associated with the facility. Granherne continued in an advisory role throughout the acquisition process recommending mitigation measures to be included in the transaction contract.

Other Experience: Client

Project

Project Owner

Facility Type

Location

Banco Popular

Adrés LNG-to-Power

AES

LNG receiving terminal and power plant Dominican Republic

Development Bank of South Africa

Kinyerezi Combined Cycle Keppel Merlimau Combined Cycle

TANESCO

Combined cycle power generation

Other Experience:

Other Experience:

Tanzania

Client

Client

Asset

Transaction Type

Location

ATP Gomez Platform Subsea Pipelines

Pipeline acquisition

Gulf of Mexico

Asset

Services

Location

Sonagol

40,000 BPSD Lobito Refinery

Audit

Angola

SPRC

130,000 BPSD

FEED design audit

Thailand

Caylon Merchant Bank Asia

Cogeneration Plant

Keppel

Combined cycle power generation

Singapore

ArcLight Capital Partners

PetroCanada

86,000 BPSD Bitumen Upgrader

Technical audit

Canada

Sumitomo Bank

SembCorp Cogen Plant

SembCorp

Combined cycle cogen plant

Singapore

ArcLight Capital Partners

Starfish Pipeline

Pipeline acquisition

Gulf of Mexico

Interoil Refinery

33,000 BPSD Refinery

Audit and relocation

Papua New Guinea

Sumitomo-Mitsui Banking Corp

Shinko Kobe IPP

Kobelco

Coal fired power plant

Japan

Credit Suisse

Kern River Gas Pipeline

Pipeline expansion

United States

Confidential

Gasoline Hydrotreater

Technical audit and relocation

USA

Inter-American Development Bank

Yucatan Peninsula Gas Pipeline

Gas pipeline

Mexico

PROJECT FINANCE – DUE DILIGENCE

ASSET TRANSACTIONS – DUE DILIGENCE

Granherne provides detailed independent assessments of projects including capital expenditures and future operating costs throughout the lifecycle of the asset. Our multi-disciplinary team captures the technical and commercial components that are critical to a project’s success. We provide the tools to quantify project risk and navigate uncertainty as well as conduct the necessary due diligence to assess a project’s commercial viability and technical feasibility.

Technical Advisory Services  ■■

Technical and economic viability analysis

■■

New project and feasibility assessments

■■

Safety performance and safety procedure

■■

Granherne can provide investors with technical expertise ranging from field and facility assessments to long-term market overviews. The wide array of technical advisory services Granherne provides helps to ensure that our clients are making the right decisions when investing in a facility, confirming the key determinants of the asset’s performance and long term value. Our comprehensive, independent review process gives our clients an assurance and validation of their transaction by analyzing each individual component, thoroughly and carefully, and benchmarking it against our extensive project database.

With over 30 years of experience in the upstream, midstream, and downstream business sectors, Granherne can call on its wealth of project experience and benchmark data to provide in depth assessments of operations and technology, as well as process improvements and technical solutions. Having designed and engineered thousands of facilities across the industry, onshore and off, Granherne is well positioned to optimize the asset allowing our clients to realize the maximum value of their investment. We offer a range of services to advise clients on project management, operations, and risks associated with transitioning from purchasing to ownership.

Technical Advisory Services 

Engineering and Consulting Services 

■■

■■

Site selection and environmental assessments

PERFORMANCE IMPROVEMENT AND TECHNOLOGY ASSESSMENT

Validation of financial model inputs for target facility or assets

■■

Development of inputs to financial models including risk analysis

Physical inspection of the facilities, operations, and associated records

■■

Project management advisory services (Engineering, Procurement, and Construction)

■■

Competitive review and valuation of assets

■■

Operations consulting and benchmarking

■■

Mergers and acquisition support

■■

Optimization and development

■■

Technology assessment (licensing and commercialization)

■■

New technology risk analysis

LENDERS’ TECHNICAL ADVISORY SERVICES Risk Feasibility and Appraisal

Due Diligence and Technical Review

Project Development

Project Sanction

UPSTREAM

MIDSTREAM

Strategy Performance Improvement

DOWNSTREAM

Insight

Opportunity

ACROSS ALL SEGMENTS OF THE VALUE CHAIN Selected Project Experience

Selected Transaction Experience

Selected Consulting Experience

Granherne completed a detailed technical assessment and evaluation of a Gulf Coast LNG import terminal on the behalf of Royal Bank of Scotland. The work included the technical review of the project prior to financial close as well as monitoring of the construction, commissioning and testing prior to project completion. The technical review included assessing the plant design, construction plans, and key contract documents as well as a risk assessment, review of the schedule, and review of the construction and operating costs.

Granherne recently acted as a lender’s advisor for a potential buyer in Tampico, Mexico providing the technical due diligence of three offshore jackets platforms and the associated onshore facility. Granherne provided detailed technical expertise by outlining capital expenditures that would be required for the remaining life of the field, using benchmark data to assess operating expenses, and identifying key risks associated with the subsea, piping, and wellhead infrastructure. Granherne also carried out the technical due diligence for an onshore field, which included conducting physical inspections of the boosting facilities, pipelines, and well heads. Granherne properly identified environmental and other key potential risks including outlining additional capital expenditures associated with the life extension of the field.

Granherne recently completed a comprehensive assessment of a $5 billion world class onshore gas field production facility and associated export infrastructure for a confidential client. The project involved a review of the costs associated with drilling, capital expenditure, operating expenditure, and abandonment liability. Granherne also completed a review of the environmental, health, and safety records as well as identified technical risks associated with the facility. Granherne continued in an advisory role throughout the acquisition process recommending mitigation measures to be included in the transaction contract.

Other Experience: Client

Project

Project Owner

Facility Type

Location

Banco Popular

Adrés LNG-to-Power

AES

LNG receiving terminal and power plant Dominican Republic

Development Bank of South Africa

Kinyerezi Combined Cycle Keppel Merlimau Combined Cycle

TANESCO

Combined cycle power generation

Other Experience:

Other Experience:

Tanzania

Client

Client

Asset

Transaction Type

Location

ATP Gomez Platform Subsea Pipelines

Pipeline acquisition

Gulf of Mexico

Asset

Services

Location

Sonagol

40,000 BPSD Lobito Refinery

Audit

Angola

SPRC

130,000 BPSD

FEED design audit

Thailand

Caylon Merchant Bank Asia

Cogeneration Plant

Keppel

Combined cycle power generation

Singapore

ArcLight Capital Partners

PetroCanada

86,000 BPSD Bitumen Upgrader

Technical audit

Canada

Sumitomo Bank

SembCorp Cogen Plant

SembCorp

Combined cycle cogen plant

Singapore

ArcLight Capital Partners

Starfish Pipeline

Pipeline acquisition

Gulf of Mexico

Interoil Refinery

33,000 BPSD Refinery

Audit and relocation

Papua New Guinea

Sumitomo-Mitsui Banking Corp

Shinko Kobe IPP

Kobelco

Coal fired power plant

Japan

Credit Suisse

Kern River Gas Pipeline

Pipeline expansion

United States

Confidential

Gasoline Hydrotreater

Technical audit and relocation

USA

Inter-American Development Bank

Yucatan Peninsula Gas Pipeline

Gas pipeline

Mexico

PROJECT FINANCE – DUE DILIGENCE

ASSET TRANSACTIONS – DUE DILIGENCE

Granherne provides detailed independent assessments of projects including capital expenditures and future operating costs throughout the lifecycle of the asset. Our multi-disciplinary team captures the technical and commercial components that are critical to a project’s success. We provide the tools to quantify project risk and navigate uncertainty as well as conduct the necessary due diligence to assess a project’s commercial viability and technical feasibility.

Technical Advisory Services  ■■

Technical and economic viability analysis

■■

New project and feasibility assessments

■■

Safety performance and safety procedure

■■

Granherne can provide investors with technical expertise ranging from field and facility assessments to long-term market overviews. The wide array of technical advisory services Granherne provides helps to ensure that our clients are making the right decisions when investing in a facility, confirming the key determinants of the asset’s performance and long term value. Our comprehensive, independent review process gives our clients an assurance and validation of their transaction by analyzing each individual component, thoroughly and carefully, and benchmarking it against our extensive project database.

With over 30 years of experience in the upstream, midstream, and downstream business sectors, Granherne can call on its wealth of project experience and benchmark data to provide in depth assessments of operations and technology, as well as process improvements and technical solutions. Having designed and engineered thousands of facilities across the industry, onshore and off, Granherne is well positioned to optimize the asset allowing our clients to realize the maximum value of their investment. We offer a range of services to advise clients on project management, operations, and risks associated with transitioning from purchasing to ownership.

Technical Advisory Services 

Engineering and Consulting Services 

■■

■■

Site selection and environmental assessments

PERFORMANCE IMPROVEMENT AND TECHNOLOGY ASSESSMENT

Validation of financial model inputs for target facility or assets

■■

Development of inputs to financial models including risk analysis

Physical inspection of the facilities, operations, and associated records

■■

Project management advisory services (Engineering, Procurement, and Construction)

■■

Competitive review and valuation of assets

■■

Operations consulting and benchmarking

■■

Mergers and acquisition support

■■

Optimization and development

■■

Technology assessment (licensing and commercialization)

■■

New technology risk analysis

LENDERS’ TECHNICAL ADVISORY SERVICES Risk Feasibility and Appraisal

Due Diligence and Technical Review

Project Development

Project Sanction

UPSTREAM

MIDSTREAM

Strategy Performance Improvement

DOWNSTREAM

Insight

Opportunity

ACROSS ALL SEGMENTS OF THE VALUE CHAIN Selected Project Experience

Selected Transaction Experience

Selected Consulting Experience

Granherne completed a detailed technical assessment and evaluation of a Gulf Coast LNG import terminal on the behalf of Royal Bank of Scotland. The work included the technical review of the project prior to financial close as well as monitoring of the construction, commissioning and testing prior to project completion. The technical review included assessing the plant design, construction plans, and key contract documents as well as a risk assessment, review of the schedule, and review of the construction and operating costs.

Granherne recently acted as a lender’s advisor for a potential buyer in Tampico, Mexico providing the technical due diligence of three offshore jackets platforms and the associated onshore facility. Granherne provided detailed technical expertise by outlining capital expenditures that would be required for the remaining life of the field, using benchmark data to assess operating expenses, and identifying key risks associated with the subsea, piping, and wellhead infrastructure. Granherne also carried out the technical due diligence for an onshore field, which included conducting physical inspections of the boosting facilities, pipelines, and well heads. Granherne properly identified environmental and other key potential risks including outlining additional capital expenditures associated with the life extension of the field.

Granherne recently completed a comprehensive assessment of a $5 billion world class onshore gas field production facility and associated export infrastructure for a confidential client. The project involved a review of the costs associated with drilling, capital expenditure, operating expenditure, and abandonment liability. Granherne also completed a review of the environmental, health, and safety records as well as identified technical risks associated with the facility. Granherne continued in an advisory role throughout the acquisition process recommending mitigation measures to be included in the transaction contract.

Other Experience: Client

Project

Project Owner

Facility Type

Location

Banco Popular

Adrés LNG-to-Power

AES

LNG receiving terminal and power plant Dominican Republic

Development Bank of South Africa

Kinyerezi Combined Cycle Keppel Merlimau Combined Cycle

TANESCO

Combined cycle power generation

Other Experience:

Other Experience:

Tanzania

Client

Client

Asset

Transaction Type

Location

ATP Gomez Platform Subsea Pipelines

Pipeline acquisition

Gulf of Mexico

Asset

Services

Location

Sonagol

40,000 BPSD Lobito Refinery

Audit

Angola

SPRC

130,000 BPSD

FEED design audit

Thailand

Caylon Merchant Bank Asia

Cogeneration Plant

Keppel

Combined cycle power generation

Singapore

ArcLight Capital Partners

PetroCanada

86,000 BPSD Bitumen Upgrader

Technical audit

Canada

Sumitomo Bank

SembCorp Cogen Plant

SembCorp

Combined cycle cogen plant

Singapore

ArcLight Capital Partners

Starfish Pipeline

Pipeline acquisition

Gulf of Mexico

Interoil Refinery

33,000 BPSD Refinery

Audit and relocation

Papua New Guinea

Sumitomo-Mitsui Banking Corp

Shinko Kobe IPP

Kobelco

Coal fired power plant

Japan

Credit Suisse

Kern River Gas Pipeline

Pipeline expansion

United States

Confidential

Gasoline Hydrotreater

Technical audit and relocation

USA

Inter-American Development Bank

Yucatan Peninsula Gas Pipeline

Gas pipeline

Mexico

Lenders’ Technical Advisors Proven. Global. Reliable. Granherne is a trusted advisor consultancy to leading hydrocarbon and energy businesses worldwide. Unparalleled Experience and Capabilities In over three decades of providing Technical Advisory Services through technical due diligence and key insights throughout the Oil & Gas industry, Granherne has advised national and independent oil companies, governments & ministries, public utilities, and leading financial institutions. Many of our clients chose Granherne due to our contacts, experience, and reputation with those organizations, both at home and abroad. Our consultancy has established itself as a leader in identifying and quantifying the costs and technical risks that are critical to every investment’s success. We are able to achieve this by drawing on over 30 years of experience of delivering and executing thousands of successful projects in the upstream, midstream, and downstream markets, both on- and offshore. Granherne has based our approach to due diligence on decades of both past project development and operational data, and first-hand experience of succeeding in project and operational excellence.

We offer decades of experience in providing Technical Advisory Services through technical due diligence and key insights throughout the Oil and Gas industry to a wide breadth of companies, governments, and financial institutions. By combining Granherne’s decades of excellence in project delivery and operational consulting, and our global reach and expertise, Granherne has established itself as a leader and trusted advisor in identifying and quantifying the costs and technical risks that are critical to every investment’s success.

Granherne, with our parent company KBR, has delivered countless turn-key projects, taking a facility’s development from concept selection through to construction, start-up, and commissioning. Our engineers and consultants utilize this knowledge and experience by understanding every technical driver that can affect a project’s commercial viability, and how to manage those inherent risks. We have built an cross-functional team that covers all facets of an asset’s life, allowing us to add value to our customer’s portfolio at any stage.

Global Reach Together with KBR, we have offices in over 30 countries and have executed projects in every corner of the Earth. With this, our team of multi-disciplined engineers and consultants have gained the knowledge and expertise of particular regional dynamics to effectively evaluate any asset in any location. With these services we have we remain objective and impartial at all times and treat client relationships and resources with the upmost integrity and confidentiality. This turbulent market brings added complexity to any investment process, but through the experience of our personnel, our far-reaching global presence, and extensive project database, we can ensure our clients meet their investment goals each and every time.

Granherne Limited (UK) Hill Park Court Springfield Drive Leatherhead, KT22 7NL Surrey, UK +44 1372.380000 [email protected]

Granherne Inc. (USA) 601 Jefferson Street Houston, Texas 77002, USA +1 713.753.7200 [email protected]

Granherne Pty Ltd (Asia Pacific) Level 17 100 St. Georges Terrace Perth, 6000, Western Australia +61 8.6444.3000 [email protected]

www.granherne.com © 2016 KBR. All Rights Reserved. K16018

Proven. Global. Reliable.