You are on page 1of 11

ConocoPhillips

Optimized Cascade
Process

ZHE/1*OLFHQVLQJFRQRFRSKLOOLSVFRP
HPDLO/1*SURFHVV#FRQRFRSKLOOLSVFRP
SKRQH

All the reasons. All the confidence.


*((1;gfg[gH`addahk;gehYfq&9ddja_`lkj]k]jn]\&Ghlaear]\;Yk[Y\]akYj]_akl]j]\ljY\]eYjcg^;gfg[gH`addahk;gehYfq&

;K@&(1&..-,+./

2XU([SHULHQFH7HFKQRORJ\DQG7HDP
$UH5HDG\WR*RWR:RUNIRU<RX
&RQRFR3KLOOLSVLVDJOREDO $VZRUOGZLGHHQHUJ\GHPDQGFRQWLQXHV

2XU([SHULHQFH

OHDGHULQOLTXHHGQDWXUDO WRJURZ&RQRFR3KLOOLSVSURYHQ

:KHQ\RXFKRRVHWKH&RQRFR3KLOOLSV

JDV /1* LQQRYDWLRQ 2SWLPL]HG&DVFDGH3URFHVVLVZHOO


VSDQQLQJPRUHWKDQIRXU SRVLWLRQHGWREH\RXUJDVOLTXHIDFWLRQ
GHFDGHVRILQLWLDWLYHVIURP WHFKQRORJ\RIFKRLFH

UVWDSSOLFDWLRQRIKLJKO\
HIFLHQWDHURGHULYDWLYHJDV
WXUELQHVLQ/1*OLTXHIDFWLRQ

Kenai LNG
Kenai, Alaska
1.5 MTPA

WKDQMXVWDWHFKQRORJ\OLFHQVHRUDSLHFH
RIHTXLSPHQW<RXJHWWKHSHDFHRIPLQG
RIFROODERUDWLQJZLWKDQHVWDEOLVKHG

EXLOGLQJWKHUVW/1*FDUULHU
IRULQWHUQDWLRQDOWUDGHWRWKH

2SWLPL]HG&DVFDGH3URFHVV\RXJHWPRUH

:LWKQHDUO\IRXUGHFDGHVRIRSHUDWLQJ

GHSHQGDEOHRSHUDWRURIPDMRULQWHUQDWLRQDO

H[SHULHQFHDQGFXWWLQJHGJHWHFKQRORJ\

HQHUJ\IDFLOLWLHVDQGDFRPSDQ\WKDWLVD

LPSURYHPHQWV&RQRFR3KLOOLSV

OHDGHULQHYHU\DVSHFWRIWKH/1*YDOXH

FRQWLQXHVWRSURYLGHFRVWHIIHFWLYH

FKDLQIURPH[SORUDWLRQDQGSURGXFWLRQ

KLJKYDOXHQDWXUDOJDVOLTXHIDFWLRQ

WROLTXHIDFWLRQWRVKLSSLQJWRUHJDVLFDWLRQ

VROXWLRQV6HOHFWHGIRUQHDUO\IW\

DQGPDUNHWLQJ

SHUFHQWRIUHFHQWJUHHQHOG/1*SODQWV



WKH&RQRFR3KLOOLSV2SWLPL]HG&DVFDGH

1R/1*WHFKQRORJ\OLFHQVRUKDVPRUH

3URFHVVKDVGHPRQVWUDWHGRSHUDWLQJ

RSHUDWLQJH[SHULHQFHWKDQ&RQRFR3KLOOLSV

HDVHDQGH[LELOLW\ZKLOHGHOLYHULQJ

%HJLQQLQJLQZLWKRXUUVW/1*

KLJKUHOLDELOLW\

IDFLOLW\DW.HQDL$ODVND&RQRFR3KLOOLSV

Equatorial Guinea LNG


Malabo, EG
3.7 MTPA

Egyptian LNG
Idku, Egypt
7.2 MTPA 2 Trains

Atlantic LNG
Point Fortin, Trinidad
15.1 MTPA 4 Trains
Angola LNG
Soyo, Angola
5.2 MTPA

Darwin LNG
Darwin, Australia
3.7 MTPA

KDVQHDUO\\HDUVRIKDQGVRQ/1*

SURGXFWLRQDQGPDLQWHQDQFHH[LELOLW\

7KH&RQRFR3KLOOLSV

RSHUDWLQJH[SHULHQFH

,QWKHWZRWUDLQVLQRQHSODQWRQH

RSHUDWHG/1*IDFLOLW\LQ

WUDLQRIOLTXHIDFWLRQH[FKDQJHUVLVVHUYHG

'DUZLQ$XVWUDOLDZDVWKH

6LQFH.HQDLWKH&RQRFR3KLOOLSV2SWLPL]HG E\WZRSDUDOOHOFRPSUHVVRUVRQHDFK

UVWWRXVHKLJKO\HIFLHQW

&DVFDGH3URFHVVKDVEHHQOLFHQVHGE\

UHIULJHUDWLRQFLUFXLW7KLVFRQFHSWRIIHUV

ORZHPLVVLRQDHURGHULYDWLYH

RZQHUVRIQLQHDGGLWLRQDOWUDLQVLQFOXGLQJ

XQPDWFKHGWXUQGRZQH[LELOLW\DOORZLQJ

WKRVHDW$WODQWLF/1*(J\SWLDQ/1*

WKHOLTXHIDFWLRQSODQWWRHDVLO\RSHUDWH

JDVWXUELQHVIRUFRPSUHVVRU

'DUZLQ/1*(TXDWRULDO*XLQHD/1*

FRQWLQXRXVO\DQ\ZKHUHIURPQHDU]HUR

DQGWKHPRVWUHFHQWO\OLFHQVHGSODQW

WRSHUFHQWRIGHVLJQFDSDFLW\,Q

$QJROD/1*7RGDWHDOORIWKHSODQWVLQ

DGGLWLRQLIDFRPSUHVVRUJRHVGRZQRQ

RSHUDWLRQKDYHGHPRQVWUDWHGVXSHULRU

DQ\RIWKHUHIULJHUDQWFLUFXLWVWKHXQLWLV

UHOLDELOLW\DQGH[FHOOHQWFRQWUROODELOLW\

VWLOOFDSDEOHRISURGXFLQJEHWZHHQ
SHUFHQWRIGHVLJQSURGXFWLRQUDWHV6LQFH

2XU7HFKQRORJ\

WKHXQLWFRQWLQXHVWRRSHUDWHDWGHVLJQ

7KH&RQRFR3KLOOLSV2SWLPL]HG&DVFDGH

WHPSHUDWXUHVDQGSUHVVXUHVWKHUHLVQR

3URFHVVLVDUREXVWV\VWHPXWLOL]LQJD

QHHGWRLVRODWHHTXLSPHQWDQGYHQW

XQLTXHWZRWUDLQVLQRQHFRQFHSWWKDW

YDOXDEOHK\GURFDUERQV7\SLFDOO\IXOO

LVSURYHQWRGHOLYHUWKHKLJKHVWLQGXVWU\

SURGXFWLRQFDQEHDFKLHYHGLQOHVVWKDQ

SODQWDYDLODELOLW\DQGXQPDWFKHG

RQHKRXUIROORZLQJDFRPSUHVVRUUHVWDUW

GULYHUV

+RZWKH3URFHVV:RUNV

SXPSHGLQWRLQVXODWHGVWRUDJHWDQNVZKHUH

7KHVFKHPDWLFEHORZLOOXVWUDWHVKRZWKH

LWUHPDLQVXQWLOVKLSPHQW*DVHVZKLFK

&RQRFR3KLOOLSV2SWLPL]HG&DVFDGH

ERLORXWRIWKH/1*DVLWZDUPVVOLJKWO\

3URFHVVSURGXFHV/1*7KHUDZJDVLV

LQWKHVWRUDJHWDQNDUHFDSWXUHGDQG

UVWWUHDWHGWRUHPRYHWKHW\SLFDO

UHWXUQHGWRWKHSURFHVVIRUUHOLTXHIDFWLRQ

FRQWDPLQDQWVRI&2+6DQGZDWHU

WKXVPLQLPL]LQJSURGXFWORVVHV

EHIRUHEHLQJGHOLYHUHGWRWKHOLTXHIDFWLRQ
VHFWLRQRIWKHSODQW7KHUHWKHWUHDWHGJDV

2XU7HDP

LVFKLOOHGFRROHGDQGFRQGHQVHGWR) )URPIURQWHQGHQJLQHHULQJGHVLJQ )((' 


LQVXFFHVVLYHO\FROGHUKHDWH[FKDQJHUV

WKURXJKFRQVWUXFWLRQVWDUWXSDQG

XVLQJSURSDQHHWK\OHQHDQGPHWKDQHDV

SHUIRUPDQFHWHVWLQJD&RQRFR3KLOOLSV

UHIULJHUDQWV7KH/1*SURGXFWLVWKHQ

OLFHQVLQJDQGHQJLQHHULQJWHDPZRUNV

7KH2SWLPL]HG&DVFDGH 3URFHVV

VLGHE\VLGHZLWKSURMHFWRZQHUVWRHQVXUH

7KH(QHUJ\$GYDQFH

VXFFHVVIXOSURMHFWGHYHORSPHQWDQG

GHSDUWLQJ'DUZLQ/1*ZLWK

LPSOHPHQWDWLRQ+RZHYHURXUUHODWLRQVKLS

DFDUJRGHVWLQHGIRU-DSDQ

GRHVQRWVWRSWKHUH$IWHUSODQWKDQGRYHU
&RQRFR3KLOOLSVHQJLQHHULQJDQGWHFKQLFDO
VWDIIVWDQGUHDG\WRSURYLGHDVVLVWDQFHIRU
\RXUGD\WRGD\QHHGVLQWURXEOHVKRRWLQJ
VKXWGRZQDQGVWDUWXSGHERWWOHQHFNLQJ
DQGWRDQVZHURSHUDWLRQDODQGWHFKQLFDO
TXHVWLRQV

$QRWKHUDGYDQWDJHRIWKH&RQRFR3KLOOLSV
2SWLPL]HG&DVFDGH3URFHVVLV
&RQRFR3KLOOLSVXQLTXH*OREDO/1*
&ROODERUDWLRQZLWK%HFKWHO&RUSRUDWLRQ
7KLVFROODERUDWLRQFRPELQHV&RQRFR
3KLOOLSV/1*SURFHVVDQGRSHUDWLQJ
H[SHUWLVHZLWK%HFKWHOVOHDGLQJHGJH
NQRZKRZDQGSHUIRUPDQFHLQ
HQJLQHHULQJGHVLJQSURFXUHPHQWDQG
FRQVWUXFWLRQWRDVVXUHXQVXUSDVVHG
VWDQGDUGVIRUFRPSHWLWLYHFRVWDQGWLPH
WRFRPSOHWLRQ7KURXJKLQVWLWXWLRQDOL]HG
OHDUQLQJIURPSURMHFWWRSURMHFWWKH
&RQRFR3KLOOLSV%HFKWHO&ROODERUDWLRQ
LQVXUHVFRQWLQXRXVLPSURYHPHQWLVGHOLY
HUHGIURPSURMHFWSODQQLQJWRH[HFXWLRQ

(VWDEOLVKHGLQWKH
&RQRFR3KLOOLSV%HFKWHO

3URGXFW'HYHORSPHQW&HQWHU

5LJKW&KRLFH5LJKW1RZ

&RQRFR3KLOOLSVDQG%HFKWHOFRQWLQXHWR

:LWKQHDUO\IRXUGHFDGHVRIKDQGVRQ

HQKDQFHWKH3URFHVVWHFKQRORJ\WKURXJK

H[SHULHQFHRSHUDWLQJ/1*IDFLOLWLHV

WKHLUMRLQW3URGXFW'HYHORSPHQW&HQWHU

RXUH[SHUWLVHLVVXSSRUWHGE\VXFFHVVIXO

/RFDWHGLQ+RXVWRQ7H[DVHPSOR\HHV

SURYHQRSHUDWLRQVDQGSLRQHHULQJ

IURPERWKFRPSDQLHVFRQWLQXDOO\

LQLWLDWLYHVWKDWFRQWLQXHWRVHWQHZ

FROODERUDWHWRHQKDQFHWKH2SWLPL]HG

VWDQGDUGVIRUORZFRVW/1*SURGXFWLRQ

&DVFDGH3URFHVVFRQGXFWLQJERWK

HQJLQHHULQJHYDOXDWLRQVDQGLQHOG

7KLVH[SHULHQFHFRPELQHGZLWKWKH

WHVWLQJDQGDSSOLFDWLRQ7KURXJKWKLV

UHOLDELOLW\RIWKH&RQRFR3KLOOLSV2SWLPL]HG

FROODERUDWLRQ&RQRFR3KLOOLSVDQG%HFKWHO

&DVFDGH3URFHVVDQGWKHXQSDUDOOHOHG

3URGXFW'HYHORSPHQW KDYHQRWRQO\XVHGSURFHVVRSWLPL]DWLRQ
&HQWHU 3'& IRFXVHV DQGYDOXHHQJLQHHULQJWRLPSURYHWKH

YDOXHWLPHWRPDUNHWDQGFXVWRPHU
VDWLVIDFWLRQSURYLGHGE\WKH

RQERWKSURFHVVDQG &RQRFR3KLOOLSV2SWLPL]HG&DVFDGH3URFHVV &RQRFR3KLOOLSV%HFKWHO&ROODERUDWLRQ


HQJLQHHULQJSURFXUHPHQW WHFKQRORJ\EXWKDYHDOVRGHYHORSHG
JLYHVSURMHFWRZQHUVDOOWKHFRQGHQFH
DQGFRQVWUXFWLRQ (3&  PHWKRGVWRLPSURYHSURMHFWH[HFXWLRQ
HQKDQFHPHQWV

SURFHGXUHVZKLFKORZHUXQLWFRVWV

WKH\QHHGWREHFHUWDLQWKH\YHPDGHWKH
EHVWFKRLFHLQ/1*WHFKQRORJ\

Ghlaear]\;Yk[Y\]k]jna[]kYj]hjgna\]\Zq;gfg[gH`addahk;gehYfq$H`addahkDF?L][`fgdg_qK]jna[]k;gehYfqYf\:][`l]d;gjhgjYlagfnaYY[gddYZgjYlan]
j]dYlagfk`ahoal`;gfg[gH`addahk;gehYfq&Ghlaear]\;Yk[Y\]$l`]Ghlaear]\;Yk[Y\]dg_g$;gfg[gH`addahkYf\alkdg_gYj]ljY\]eYjckg^;gfg[gH`addahk;gehYfq&

&RQRFR3KLOOLSV2SWLPL]HG&DVFDGH 
KLVWRU\DQGSURMHFWV

7KHUVWDSSOLFDWLRQRIWKH2SWLPL]HG&DVFDGH3URFHVVZDVLQVWDOOHGLQ&RQRFR3KLOOLSVOLTXHIDFWLRQIDFLOLW\ZKLFKLVORFDWHGRQ
WKH.HQDL3HQLQVXODLQ$ODVND%HFDXVHWKHIDFLOLW\ZDVORFDWHGQHDUO\PLOHVIURPWKHQHDUHVWPDMRUFLW\RI$QFKRUDJH$ODVND
LWZDVLPSRUWDQWWKDWWKHIDFLOLW\EHGHSHQGDEOHHDV\WRRSHUDWHDQGSURYLGHORQJXQLQWHUUXSWHGVHUYLFH2YHUWKHSDVWIRXUGHFDGHV
WKHSURFHVVKDVEHHQSURYHQDVDUHOLDEOHH[LEOHDQGFRVWHIFLHQWWHFKQRORJ\DQGFRQWLQXHVLQRSHUDWLRQWRGD\DW/1*IDFLOLWLHV
DURXQGWKHZRUOG6LQFH&RQRFR3KLOOLSVEHJDQOLFHQVLQJWKHWHFKQRORJ\LQWKHHDUO\VDWRWDORIQLQH2SWLPL]HG&DVFDGHXQLWV
KDYHEHHQOLFHQVHG(LJKWRIWKRVHDUHLQRSHUDWLRQDQGWKHQLQWK$QJROD/1*LVFXUUHQWO\LQWKHHQJLQHHULQJSURFXUHPHQWDQG
FRQVWUXFWLRQ (3& SKDVHRIWKHSURMHFW

.HQDL/1*.HQDL$ODVND
6WDUWXS&DSDFLW\
-XQH

073$

7KH073$.HQDL$ODVND/1*SODQWVWDUWHGXSLQDQGKDVDFKLHYHGRYHU
\HDUVRIXQLQWHUUXSWHGVXSSO\WR-DSDQHVHFXVWRPHUV.HQDLZDVWKHZRUOGVODUJHVWSODQW
ZKHQEXLOWWKHUVWWRVHUYHWKH$VLD3DFLFPDUNHWDQGWKHUVWWRXVHJDVUHGWXUELQHV
IRUSURFHVVUHIULJHUDWLRQ6LQFHVWDUWXSWKHSODQWKDVDFKLHYHGSURGXFWLRQHIFLHQF\LQ
H[FHVVRISHUFHQWDQGWXUELQHFRPSUHVVRUUHOLDELOLW\RIRYHUSHUFHQW

$WODQWLF/1*3RLQW)RUWLQ7ULQLGDGDQG7REDJR
6WDUWXS&DSDFLW\
0DUFK

073$

$XJXVW

073$

$SULO 

073$

1RYHPEHU

073$

$WODQWLF7UDLQZDVWKHUVWOLFHQVHG2SWLPL]HG&DVFDGHXQLWDQGZDVFRPSOHWHGRQO\
PRQWKVDIWHU(3&VLJQLQJ7UDLQVDQGVHWDQLQGXVWU\EHQFKPDUNIRUWKHORZHVW
LQVWDOOHGFRVWRIMXVWXQGHUSHU073$:KHQEXLOWLQ7UDLQZDVWKHODUJHVW
VLQJOHWUDLQXQLWLQWKHZRUOGDW073$

(J\SWLDQ/1*,GNX(J\SW
6WDUWXS&DSDFLW\
0D\

6HSWHPEHU

073$

073$

(J\SWLDQ/1*ZDVWKHWKLUGJUDVVURRWV2SWLPL]HG&DVFDGHSURMHFWEXLOWDQGFRQVLVWVRI
WZRWUDLQV(DFKWUDLQZDVEXLOWWRSURGXFH073$XVLQJ*()UDPH'JDVWXUELQHV
(3&ZRUNIRU7UDLQEHJDQLQ1RYHPEHUZLWKUVW/1*SURGXFHGLQ6HSWHPEHU
QLQHPRQWKVDKHDGRIVFKHGXOH

'DUZLQ/1*'DUZLQ$XVWUDOLD
6WDUWXS&DSDFLW\
'HFHPEHU

073$

'DUZLQ/1*LVDVLQJOHWUDLQIDFLOLW\ZLWKDXQLWFDSDFLW\RI073$7RDGGUHVV
HQYLURQPHQWDOSULRULWLHVRISURMHFWRZQHUVDQGWKHKRVWFRXQWU\WKH'DUZLQIDFLOLW\
ZDVGHVLJQHGZLWKVHYHUDOUVWVLQFOXGLQJEHLQJWKHUVWDSSOLFDWLRQRIKLJKO\HIFLHQW
DHURGHULYDWLYHJDVWXUELQHVLQ/1*VHUYLFH$GGLWLRQDOO\'/1*ZDVWKHUVW2SWLPL]HG
&DVFDGH3URFHVVIDFLOLW\WRLQFRUSRUDWHZDVWHKHDWLQWHJUDWLRQWRLPSURYHSURFHVVHIFLHQF\
DQGLQOHWDLUKXPLGLFDWLRQWRHQKDQFHSURGXFWLRQGXULQJSHULRGVRIORZKXPLGLW\

(TXDWRULDO*XLQHD/1*0DODER(TXDWRULDO*XLQHD
6WDUWXS&DSDFLW\
0D\

073$

7KLVVLQJOHWUDLQ073$SURMHFWEHJDQFRQVWUXFWLRQLQHDUO\DQGWKHUVW/1*
FDUJRZDVGHOLYHUHGLQ0D\VL[PRQWKVDKHDGRIRULJLQDOVFKHGXOH(*/1*LVWKH
RQO\IDFLOLW\LQWKHZRUOGXWLOL]LQJDVXVSHQVLRQEULGJHIRUORDGLQJ/1*

$QJROD/1*6R\R$QJROD
6WDWXV&DSDFLW\
'HWDLOHG(QJLQHHULQJ'HVLJQ

073$

$QJROD/1*LVDVLQJOHWUDLQXQLWZLWKDFDSDFLW\RI073$7KH$QJRODGHVLJQ
XWLOL]HV*()UDPHDQG)UDPHFRPSUHVVRUGULYHUVLQDXQLTXHZD\WKDWGHOLYHUVFRVW
LPSURYHPHQWVZKLOHVWLOOPDLQWDLQLQJWKHRSHUDWLQJDGYDQWDJHVRIWKHWZRWUDLQVLQRQH
UHOLDELOLW\,WDOVRXWLOL]HVDQLQWHJUDWHGVROXWLRQIRU1*/DQG/3*UHFRYHU\LQD
OLTXHIDFWLRQIDFLOLW\UHGXFLQJHYHQIXUWKHUWKHFDSLWDOFRVW

All the reasons. All the confidence.


*((1;gfg[gH`addahk;gehYfq&9ddja_`lkj]k]jn]\&Ghlaear]\;Yk[Y\]akYj]_akl]j]\ljY\]eYjcg^;gfg[gH`addahk;gehYfq&

&RQRFR3KLOOLSV%HFKWHO&ROODERUDWLRQ
/1*3URGXFW'HYHORSPHQW&HQWHU
%DFNJURXQG
,QWKHV&RQRFR3KLOOLSV&RPSDQ\DQG0DUDWKRQ2LO
FRQWUDFWHGZLWK%HFKWHO&RUSRUDWLRQWRFRQVWUXFWWKHUVWQDWXUDO
JDVOLTXHIDFWLRQSODQWEDVHGRQDQHZDQGLQQRYDWLYHSURFHVV
GHVLJQHGE\&RQRFR3KLOOLSVWKH2SWLPL]HG&DVFDGH/1*
SURFHVV7KHUHVXOWZDVWKH.HQDL$ODVND/1*IDFLOLW\ZKLFK
EHJDQRSHUDWLRQLQDQGFRQWLQXHVRSHUDWLRQWRGD\
7KHLQLWLDOLQWHQWZDVIRU&RQRFR3KLOOLSVWRXVHWKHWHFKQRORJ\
H[FOXVLYHO\RQSURMHFWVLQZKLFKLWKHOGDQHTXLW\LQWHUHVW+RZHYHU
LQWKHPLGV$WODQWLF/1*DSSURDFKHG%HFKWHOZLWKWKHQHHG
WREXLOGDORZFRVW\HWUHOLDEOHVLQJOHWUDLQ/1*IDFLOLW\$IWHU
FRPSOHWLQJWKHFRPSHWLWLYH)(('%HFKWHOZRQWKH(3&FRQWUDFW
UHVXOWLQJLQWKHUVWOLFHQVHGDSSOLFDWLRQRIWKH2SWLPL]HG
&DVFDGHSURFHVVDQGWKHUVWRSSRUWXQLW\IRU&RQRFR3KLOOLSVWR
ZRUNRQFHDJDLQZLWK%HFKWHOLQQDWXUDOJDVOLTXHIDFWLRQ
$VDUHVXOWRIWKLVDFKLHYHPHQW&RQRFR3KLOOLSVDQG%HFKWHO
IRUPHGD*OREDO/1*&ROODERUDWLRQLQWRFDSLWDOL]HRQ
&RQRFR3KLOOLSV/1*WHFKQRORJ\H[SHUWLVHDQG%HFKWHOVZRUOG
FODVVGHVLJQDQGSURMHFWH[HFXWLRQNQRZKRZRIJUDVVURRWV/1*
IDFLOLWLHV7KHVXFFHVVRIWKH&ROODERUDWLRQKDVUHVXOWHGLQHLJKW
VXEVHTXHQWSODQWVEHLQJEXLOWZLWKDQLQWKXQLWLQWKH(3&SKDVH
DOOXWLOL]LQJWKH2SWLPL]HG&DVFDGHSURFHVV
3URGXFW'HYHORSPHQW&HQWHU
6RRQDIWHUIRUPLQJWKH&ROODERUDWLRQWKHFRPSDQLHVHVWDEOLVKHG
WKH/1*3URGXFW'HYHORSPHQW&HQWHU 3'& WRIRFXVFRRSHUDWLYH
LQWHOOHFWXDOHIIRUWRQFRQWLQXRXVLPSURYHPHQWRIWKH2SWLPL]HG
&DVFDGHSURFHVVSODQWRSHUDWLRQVLPSURYHSURMHFWH[HFXWLRQ
FRVWVDQGVFKHGXOHDQGWRMRLQWO\PDUNHWWKHSURFHVV
7KH3'&LVVWDIIHGE\DIXOOWLPHSURJUDPGLUHFWRUDQGSHUVRQQHO
GUDZQIURPERWK&RQRFR3KLOOLSVDQG%HFKWHO2YHUVLJKWRIWKH

3'&LVIDFLOLWDWHGE\DQ$GYLVRU\&RPPLWWHHFRPSULVHGRI
&RQRFR3KLOOLSVDQG%HFKWHOVHQLRUPDQDJHPHQW7KH$GYLVRU\
&RPPLWWHHSURYLGHVJXLGDQFHLQWKHVHOHFWLRQRIWKHYDULRXV
SURJUDPVDQGVWXGLHVXQGHUWDNHQE\WKH3'&
7KH3'&ZRUNVRQLPSURYHPHQWVWXGLHVQRWRQO\IRU/1*
SURFHVVWHFKQRORJ\EXWRQDSSOLFDWLRQVWRHQKDQFHWKHWRWDOSODQW
IDFLOLW\LQFOXGLQJRYHUDOOGHVLJQFRQVWUXFWLRQDQGRSHUDWLRQV
7KLVXQLTXHHQGWRHQGDSSURDFKRU7RWDO/LIH&\FOH)RFXV
HQDEOHVWKH&RQRFR3KLOOLSV%HFKWHO&ROODERUDWLRQWRORRN
EH\RQGWKHOLTXHIDFWLRQWHFKQRORJ\LWVHOIDQGLQWRDUHDVKDYLQJ
WKHJUHDWHVWSRWHQWLDOWRLPSDFWSURMHFWFRVWV
6XPPDULHVRIWKHUHOHYDQWVWXG\UHVXOWVDUHWKHQVKDUHGZLWK
FOLHQWVWRDVVLVWLQWKHLUGHFLVLRQVVXUURXQGLQJWKHLUSDUWLFXODU
SURFHVVGHVLJQ7KLVDOORZVRZQHUVWRPDNHNH\GHFLVLRQVDERXW
SODQWGHVLJQHDUO\LQWKHSURMHFWOLIHWRPLQLPL]HWKHQXPEHU
WLPHDQGFRVWRISHUIRUPLQJ3UH)(('RU)(('VWXGLHV,WQRW
RQO\UHGXFHVWKHRYHUDOOSURMHFWGXUDWLRQDQGWRWDOXQLWFRVWEXW
DOVRPD[LPL]HVWKHYDOXHWRWKHRZQHU

H

3U

3RWHQWLDOWR,PSDFW&RVWV

1HZ/1*6WDQGDUG7RWDO/LIH&\FOH)RFXV
7KURXJK&RQRFR3KLOOLSV%HFKWHO&ROODERUDWLRQ

3U

/1*3'&

RM

HF

2OG3DUDGLJP

&RQFHSW

)(('

'HWDLO'HVLJQ

&RQVWUXFWLRQ

2 0

3URMHFW3KDVHV
/HYHUDJLQJSULRU3'&OHDUQLQJHTXDOVWLPHDQGFRVWVDYLQJV

:LWKDOPRVWRQHKXQGUHGVWXGLHVFRPSOHWHGVLQFHLWLQFHSWLRQWKH3'&FRQWLQXHVWRH[SORUHIRUZD\VWRRSWLPL]HSODQWGHVLJQDQG
FRQVWUXFWLRQ6RPHRIWKHDFKLHYHPHQWVDQGFXVWRPHUEHQHWVRIWKH&ROODERUDWLRQDQG3'&LQFOXGH
&ROODERUDWLRQ$FKLHYHPHQWV

&XVWRPHU%HQHWV

3ODQWFDSDFLW\UDQJLQJIURPWR073$

1HZLQQRYDWLRQVDQGEHVWSUDFWLFHVDUHTXLFNO\

)LUVWXVHRIJDVWXUELQHVDQGDHURGHULYDWLYHJDVWXUELQHV

LQFRUSRUDWHGLQWRQHZGHVLJQV

LQ/1*VHUYLFH

/RZHUFDSLWDOFRVW

+HDYLHV5HPRYDO8QLWLQWHJUDWHGZLWKLQOLTXHIDFWLRQSODQW

6KRUWHUF\FOHWLPHUHVXOWLQJLQIDVWHUWLPHWRPDUNHW

)ODVKLQJOLTXLGH[SDQGHUVIRULQFUHDVHGSURGXFWLRQ

7UDLQVL]HDGDSWDEOHWRFOLHQWUHTXLUHPHQWV

:DVWHKHDWUHFRYHU\WRUHGXFHFDSLWDODQGRSHUDWLQJH[SHQVHV

,PSURYHGRQVWUHDPUHOLDELOLW\

1HZUHIULJHUDWLRQGULYHUFRQJXUDWLRQV
(OHFWULFGULYHDQGSRZHUVXSSO\RSWLRQV

All the reasons. All the confidence.


*((1;gfg[gH`addahk;gehYfq&9ddja_`lkj]k]jn]\&Ghlaear]\;Yk[Y\]akYj]_akl]j]\ljY\]eYjcg^;gfg[gH`addahk;gehYfq&

:K\WZRWUDLQVLQRQHDUHEHWWHUWKDQRQH
7KHWZRWUDLQVLQRQHFRQFHSWZDVGHYHORSHGLQWKH
VIRUWKHIDFLOLW\LQ.HQDL$ODVNDGXHWRWKHSODQWV
UHPRWHORFDWLRQDQGWKHQHHGIRUKLJKRQVWUHDPDYDLODELOLW\
VXSHULRUH[LELOLW\DQGH[FHSWLRQDOUREXVWQHVV7KHFRQFHSW
LVVLPSOHDQGVWUDLJKWIRUZDUG3ODQWVDUHFRQJXUHGVR
HTXLSPHQWZLWKKLJKHUPDLQWHQDQFHQHHGVVXFKDVJDV
WXUELQHVDQGFRPSUHVVRUVDUHGXSOLFDWHGZKLOHPRUH
UHOLDEOHFRPSRQHQWVOLNHDLUQFRROHUVDQGEUD]HG
DOXPLQXPKHDWH[FKDQJHUVDUHQRWGXSOLFDWHG

&RQWLQXRXV,PSURYHPHQW
2YHUWLPHDQGLQVXEVHTXHQWIDFLOLW\LQVWDOODWLRQVDURXQG
WKHZRUOGWKH&RQRFR3KLOOLSV2SWLPL]HG&DVFDGH3URFHVV
KDVXQGHUJRQHFRQWLQXHGLPSURYHPHQWEXWDOZD\VKROGLQJ
FRQVWDQWWRWKHUHOLDELOLW\DQGH[LELOLW\DGYDQWDJHVRIWKH
WZRWUDLQVLQRQHGHVLJQ6RPHRIWKHVHLPSURYHPHQWV
LQFOXGH
/RDGEDODQFLQJRIUHIULJHUDWLRQFLUFXLWVWRRSWLPL]H
DYDLODEOHKRUVHSRZHU
'HYHORSPHQWRIWKHRSHQPHWKDQHUHIULJHUDWLRQORRS
WRPD[LPL]HWKHUPDOHIFLHQF\

7KHGHVLJQKDVEHHQSURYHQLQDOPRVWIRXUGHFDGHVRI
RSHUDWLRQDW.HQDLZLWKDQRYHUDOOSODQWSURGXFWLRQ
HIFLHQF\H[FHHGLQJSHUFHQWDQGJDVWXUELQHVHFWLRQ
UHOLDELOLW\LQH[FHVVRISHUFHQW%XLOGLQJRQWKLVVXFFHVV
VXEVHTXHQW2SWLPL]HG&DVFDGH3URFHVVSODQWVKDYH

&ROGER[FRQJXUDWLRQRSWLPL]HGWRLPSURYHWKH
SURFHVVDQGUHGXFHWKHSORWDUHD
,QWHJUDWHG/3*DQGFRQGHQVDWHUHFRYHU\ZLWKLQWKH
OLTXHIDFWLRQXQLWWRUHGXFHWRWDOXQLWFRVW

LQFRUSRUDWHGWKHWZRWUDLQVLQRQHFRQFHSW
7ZRWUDLQVLQRQH$GYDQWDJHV
$GYDQWDJHVRIWKHWZRWUDLQVLQRQHGHVLJQLQFOXGH
+LJK3URGXFWLRQ(IFLHQF\8SWRSHUFHQWRIGHVLJQ
FDSDFLW\SRVVLEOHHYHQZLWKRQHKDOIRIFRPSUHVVRU
SRZHURIIOLQH
:LGH5DQJHRI&DSDFLW\)OH[LELOLW\$EOHWRRSHUDWH
IURPQHDU]HURWRSHUFHQWRIGHVLJQZLWKVXVWDLQDEOH
SURGXFWLRQDVORZDVSHUFHQWIRUH[WHQGHGSHULRGVRIWLPH
0DLQWHQDQFH)OH[LELOLW\2SSRUWXQLVWLFPDLQWHQDQFH
FDQEHSHUIRUPHGGXULQJSHULRGVRIORZSURGXFWLRQWR
H[WHQGWKHLQWHUYDOEHWZHHQWXUQDURXQGV,QVRPHFDVHV
PDMRURYHUKDXORIDQDGMDFHQWJDVWXUELQHFRPSUHVVRUKDV
EHHQDFFRPSOLVKHGZKLOHWKHSODQWFRQWLQXHVLQRSHUDWLRQ
2SWLPL]H3ODQW(IFLHQF\3ODQWDQGHTXLSPHQW
HIFLHQFLHVFDQEHPD[LPL]HGE\DGMXVWLQJWKHQXPEHU
DQGPL[RIJDVWXUELQHVFRPSUHVVRUVRQOLQHGXULQJ
SHULRGVRIORZHUWKDQQRUPDOSURGXFWLRQUDWHV

)LUVWDSSOLFDWLRQRIKLJKO\HIFLHQWDHURGHULYDWLYH
JDVWXUELQHVLQ/1*/LTXHIDFWLRQ
:DVWHKHDWUHFRYHU\LQWHJUDWLRQ
&XVWRPHU$GYDQWDJHV
7KHFRUHGHVLJQHOHPHQWDQGDGYDQWDJHRIWKH
&RQRFR3KLOOLSV2SWLPL]HG&DVFDGH3URFHVVLVWKH
WZRWUDLQVLQRQHFRQJXUDWLRQ7KLVGHVLJQSURYLGHV

All the reasons. All the confidence.


*((1;gfg[gH`addahk;gehYfq&9ddja_`lkj]k]jn]\&Ghlaear]\;Yk[Y\]akYj]_akl]j]\ljY\]eYjcg^;gfg[gH`addahk;gehYfq&

*UHDWHUH[LELOLW\DQGSRWHQWLDOFDSLWDOFRVWVDYLQJV
WKURXJKFRPSHWLWLYHHTXLSPHQWELGGLQJ
(DVHRIVWDUWXSVKXWGRZQDQGRSHUDWLRQ
8QPDWFKHGRSHUDWLQJDYDLODELOLW\ZLWKXSWRSHUFHQW
FDSDFLW\PDLQWDLQHGGXULQJURXWLQHPDLQWHQDQFH
)XOOUDQJHSURGXFWLRQH[LELOLW\IURPQHDU]HURWR
SHUFHQWRIGHVLJQSURGXFWLRQ
+LJKWKHUPDOHIFLHQF\

'HFUHDVHHQYLURQPHQWDOLPSDFWZKLOH
LQFUHDVLQJSURWDELOLW\
7KH(QYLURQPHQW$*URZLQJ&RQVLGHUDWLRQ
(PSOR\HGLQ/1*IDFLOLWLHVDURXQGWKHZRUOGIRURYHUIRXUGHFDGHV
WKH&RQRFR3KLOOLSV2SWLPL]HG&DVFDGH3URFHVVFRQWLQXHVWR
VHWQHZVWDQGDUGVLQWKHGHVLJQDQGRSHUDWLRQRIHIFLHQWDQG
FRVWHIIHFWLYH/1*IDFLOLWLHV+LVWRULFDOO\WKHSULPDU\IRFXVIRU
SODQQLQJDQGGHVLJQLQJRI/1*IDFLOLWLHVZDVOLIHF\FOHFRVWDQG
SURWDELOLW\+RZHYHUWRGD\WKHUHLVDJURZLQJUHFRJQLWLRQRI
DQRWKHUNH\FRQVLGHUDWLRQIRUDPDMRUOLTXHIDFWLRQIDFLOLW\LWV
LPSDFWRQWKHHQYLURQPHQW
,QFUHDVLQJO\QHZIDFLOLW\SODQQLQJDQGGHVLJQDUHEHLQJLPSDFWHG
E\JOREDOHQYLURQPHQWDOFRQFHUQV2SHUDWLQJFRPSDQLHVDOVR
ZDQWWREHUHVSRQVLEOHVWHZDUGVRIWKHLUHQYLURQPHQW7KH\DUH
VHHNLQJSURFHVVVROXWLRQVWRPD[LPL]HSODQWHIFLHQF\DQG
IDFLOLW\HFRQRPLFVZKLOHDWWKHVDPHWLPHPLQLPL]LQJSROOXWDQWV
DQGWKHLULPSDFWRQWKHHQYLURQPHQW
7KH2SWLPL]HG&DVFDGH3URFHVV ,WV)DYRUDEOH
(QYLURQPHQWDO,PSDFW
7KH&RQRFR3KLOOLSV2SWLPL]HG&DVFDGH3URFHVVKDVVWURQJ
HQYLURQPHQWDODGYDQWDJHVLQLWVGHVLJQDQGRSHUDWLRQ7KH
7ZR7UDLQV,Q2QHGHVLJQFRQFHSWKDVVHYHUDOLQKHUHQW
IHDWXUHVWKDWGHOLYHUKLJKHUHIFLHQF\UHVXOWLQJLQORZHU
HPLVVLRQVWKURXJKWKHXVHRI
$GYDQFHGDHURGHULYDWLYHJDVWXUELQHV
,QWHJUDWHGZDVWHKHDWUHFRYHU\
*DVDQGDVKLQJOLTXLGH[SDQGHUV

0LQLPL]HGSORWVSDFHUHTXLUHPHQWVWKURXJKHTXLSPHQW
PRGXODUL]DWLRQ
5HGXFHGDULQJGXULQJVWDUWXSVKXWGRZQDQGRSHUDWLRQV
7KH&RQRFR3KLOOLSVSURFHVVGHVLJQLVFRQWLQXRXVO\EHLQJ

,QOHWDLUFRROLQJRIJDVWXUELQHV

LPSURYHGZLWKWKHJRDORILQFUHDVLQJWKHUPDOHIFLHQF\UHGXFLQJ

,QWHJUDWHG1*/IUDFWLRQDWLRQ

HPLVVLRQVDQGUHGXFLQJOLIHF\FOHFRVW

&RQRFR3KLOOLSV8VHRI$HURGHULYDWLYHV
7KHUPDOHIFLHQF\LVDNH\GULYHURIDQ\/1*IDFLOLW\DQG
RQ
HYHQPLQRUGHVLJQFKDQJHVFDQKDYHDVLJQLFDQWLQXHQFHRQ
HIFLHQF\DQGHPLVVLRQV&RQRFR3KLOOLSVKDVGHPRQVWUDWHG
DGYDQFHVLQWKHUPDOHIFLHQF\WKURXJKWKHXVHRIKLJKO\
V
HIFLHQWDHURGHULYDWLYHJDVWXUELQHVLQLWVSURFHVVFRQJXUDWLRQV
HG
)RUWKLVUHDVRQWKH2SWLPL]HG&DVFDGH3URFHVVLVWKHSUHIHUUHG
WHFKQRORJ\FKRLFHRIPDQ\/1*SURMHFWVZRUOGZLGH6HYHUDO
DO
DGYDQWDJHVLQFOXGH
/1*3ODQW&DSDFLW\2SWLRQV%\XWLOL]LQJPXOWLSOH
DHURGHULYDWLYHJDVWXUELQHVZLWKLQWKHOLTXHIDFWLRQSURFHVV
WKHIDFLOLW\VL]HFDQEHWDLORUHGWRPHHWWKHDYDLODEOHJDV
VXSSO\RUSURGXFWLRQUHTXLUHPHQWV
*DV6XSSO\&RQVWUDLQWV,QVLWXDWLRQVZKHUHJDVVXSSOLHV
DUHFRQVWUDLQHGHLWKHUE\DYDLODELOLW\RUHFRQRPLFDOO\
GXHWRKLJKJDVVXSSO\FRVWWKHXVHRIKLJKHUHIFLHQF\
DHURGHULYDWLYHWXUELQHVUHVXOWVLQPRUH/1*IRUDJLYHQ
TXDQWLW\RIIHHGJDV

2SHUDWLRQDO)OH[LELOLW\7KHYDULDEOHVSHHG PXOWLSOH
VKDIW DHURGHULYDWLYHJDVWXUELQHPD[LPL]HVRSHUDWLRQDO
H[LELOLW\DQGDOORZVIDVWVWDUWXSXQGHUIXOOFRPSUHVVRU
VHWWOHRXWFRQGLWLRQVZLWKRXWODUJHVWDUWHUPRWRUV
(QYLURQPHQWDO&RQVLGHUDWLRQV:LWKKLJKHUHIFLHQF\
DQGOHVVIXHOFRQVXPHGJUHHQKRXVHJDVLVUHGXFHG
UHVXOWLQJLQDVPDOOHUFDUERQIRRWSULQW

'ULYLQJ3URWDELOLW\DQG3URWHFWLQJWKH(QYLURQPHQW
&RQRFR3KLOOLSVLVFRPPLWWHGWRSURWHFWLQJWKHHQYLURQPHQW,QDOOWKHFRPSDQ\VRSHUDWLRQVWKHKLJKHVWHQYLURQPHQWDOVWDQGDUGVDUH
PHWWRHQVXUHWKDWWKHFRPSDQ\VHIIRUWVWRGD\QRWRQO\SURYLGHHQHUJ\EXWDOVRLQVXUHDVWDEOHHQYLURQPHQWIRUWRPRUURZ
7KH&RQRFR3KLOOLSV2SWLPL]HG&DVFDGH3URFHVVSURYLGHVDIXOO\LQWHJUDWHGOLTXHIDFWLRQGHVLJQZLWKKLJKWKHUPDOHIFLHQF\
RSHUDWLRQDOH[LELOLW\DQGORZHUHPLVVLRQV

All the reasons. All the confidence.


*((1;gfg[gH`addahk;gehYfq&9ddja_`lkj]k]jn]\&Ghlaear]\;Yk[Y\]akYj]_akl]j]\ljY\]eYjcg^;gfg[gH`addahk;gehYfq&9]jg\]janYlan]h`glg[gmjl]kqg^?=Gad?Yk&

You might also like