Koil Energy Solutions Inc. (KLNG)

[SageWise]

Some Firsts and Bests from the GoMR (Gulf of Mexico Region) Report:
http://www.gomr.mms.gov/PDFs/2008/2008-013.pdf
• Sale 206 attracted approximately $3.7 billion in high bids – the most since
Federal offshore leasing began in 1954. The sum of the high bids for
deepwater blocks was 93.2 percent of the total.
• Sale 224 was the first lease offering in the Eastern Gulf since 1988. This
is also the first sale where the revenue sharing provisions of the Gulf of
Mexico Energy Security Act of 2006 start immediately.
• Sale 205 was an exceptional lease offering that attracted over $2.9 billion
in high bids on 723 blocks – the third largest total in U.S. offshore leasing
history.
• A record high of 15 rigs were operating in ultra-deep water (>=5,000 ft or
1,524 m) in 2007.
• At least 13 new drilling rigs are being built and contracted for use in the
ultra-deepwater Gulf and will be ready for operation in the next 2-3
years—they will be capable of operating in water depths up to 12,000 ft
(3,658 m) and drilling up to 40,000 ft (12,192 m) in depth.
• For the first time, all of the 20 most prolific producing blocks in the GOM
are located in deep water.
• Several fields associated with the Independence Hub production facility
came online in 2007. When the hub is at full capacity, the gas production
will represent over 10 percent of the total GOM gas production.
• Cheyenne, one of the subsea fields tying back to Independence Hub, has
the deepest production in the GOM to date, in a water depth of 8,960 ft
(2,731 m).
• The first FPSO for use in the U.S. GOM will be installed for the
development of the Cascade and Chinook Fields in Walker Ridge, with
first oil expected in 2010.
• Another first for the GOM will be the installation of a ship-shape,
dynamically positioned, disconnectable turret FPU for the Phoenix
development in Green Canyon, with a planned production startup in the
third quarter of 2008.
• The Perdido Regional Development hub will produce the Great White,
Tobago and Silvertip discoveries in Alaminos Canyon beginning in 2010.
Once installed, the truss spar will set a new record as the deepest spar in
over 8,000 ft (2,438 m) of water depth.
• The Atlantis semisubmersible platform in the deepwater GOM is the
deepest moored, floating oil and gas production facility in the world.