An Introduction to our Company engineering l consulting l technology

1. An Introduction to our Company engineering l consulting l technology

2. This presentation covers… •Who we are: Company Profile •Our Values and Commitment •Our QHSE Standards •The Team •Our Capabilities and Services •Our Experience and Track Record in the Industry •What KW Ltd can bring to your organisation An Introduction to our Company September 2006

3. Who we are: Company Profile • The Company was established in 1999. • KW Ltd is privately owned, registered and headquartered in the UK (Leatherhead, Surrey). • Our UK office is the focal point for North Sea projects. • A branch office in Cairo was established in 2004, focussing on North African, Mediterranean and Middle East projects. • We have a commercial presence in Paris, mainly targeting the deepwater projects off West Africa. • KW Ltd currently employs 35 staff, of which 5 are permanently based in Cairo. An Introduction to our Company September 2006

4. Our Values and Commitment • Focus on areas where we add maximum value to clients. • Provide a ‘personal’ service. • Remain at the ‘edge’ of developing technology. • Be responsive and flexible. • Uphold a ‘hands-on’ approach. • Remain independent. • Seek practical solutions. An Introduction to our Company September 2006

5. QHSE • We operate under a Quality Management System (QMS) which is approved by Lloyd’s Register to BS EN ISO 9001:2000. • Our environmental policy extends across all of our operations and sites. • KW Ltd operates a ‘safety first’ policy: no accidents; no harm to people. An Introduction to our Company September 2006

6. KW Ltd: The Differentiator _ = o u r p e o p l e + commitment and values differentiator An Introduction to our Company September 2006

7. Positioning and Expertise implement evaluationdiscovery decommissionproduction ‘High End’ Engineering ‘Traditional’ Engineering Subsea Subsea Pipelines Structures and Pipeline Design Design Consulting Technology Verification Development An Introduction to our Company September 2006

8. Our Core Business Core Client Base: • Operators. Core Services: • Specialist technical consulting. • Failure investigation and expert witness. • Concept and FEED engineering. • Detail engineering. • ‘Owners’ engineer. • Independent verification. • Offshore pipelay (and subsea) contractors. • Associated works contractors (burial, dredging, survey). • Suppliers. • Installation engineering. • Offshore construction support. • Research and development. An Introduction to our Company September 2006

9. Supporting the Contractor Construction Focus: • Installation engineering of pipelines, flowlines, risers, umbilicals, flexibles and structures. • Offshore support for routing, pipelay, installation, burial and rock dumping. Methods: • S – lay • J – lay • Reel lay • Bundles An Introduction to our Company September 2006

10. Structures Capability: • Subsea structures (P/FLETS, manifolds). • Floating and fixed structures. • Marine, construction vessels and barges. • Construction equipment, reels, stingers, j-lay towers. Specialisation: • Structural modelling and analysis. • Concept and detail design. • Transportation and installation. • Retrofit design and strengthening. • Motion response. An Introduction to our Company September 2006

11. Pipelines Areas of Expertise: • Deep and ultra-deep waters. • HP / HT. • Material behaviour and corrosion assessment. • Integrity assessment. • Highly irregular seabeds. • Seismic activity. • Exotic materials. • Limit state pipeline design. • Pipe-in-pipe and insulated pipe design. • Upheaval and lateral buckling • Strain based design. • Safety and risk assessment. assessment and design mitigation. • Routing, pipe stability and geohazard design. • Span assessment and rectification design. An Introduction to our Company September 2006

12. Our Added Value standard carbon steels exotic materials deep water Added Solutionsfor Solutions for Value technically challenging and frontier problems Life cycle cost reduction of new facilities and extend life of existing facilities shallow water standard reservoirs HPHT reservoirs An Introduction to our Company September 2006

13. Our Detail Design Track Record • ATP Helvelyn (North Sea) • EGC Gulf of Aqaba (Jordan/Egypt) • ConocoPhillips Mimas and Tethys (North Sea) • WaGE Paladin (North Sea) • GUPCO ONS (Egypt) • Shell Howe (North Sea) • CNR Baobab (West Africa) • ConocoPhillips Saturn (North Sea) • Shell Howe P2 (North Sea) • Oztas-Peker (Turkey) • ConocoPhillips Horn and Wren (North Sea) • ConocoPhillips Munroe (North Sea) An Introduction to our Company September 2006

14. Our Pipe-in-pipe Track Record • Shell Mallard (110˚ C) • Elf Elgin Franklin (165˚ C) • Phillips Jade (165˚ C) • Texaco Erskine (110˚ C) • Braemar (120˚ C) • BP Rhum (120˚ C) • CNR Baobab (85˚ C) • Shell Howe (125˚ C) • Paladin WaGE (120˚ C) An Introduction to our Company September 2006

15. Project History Detail 1 Client Project Name Scope of Facilities Technip Paladin WaGE (2005/6) Detailed design of pipelines (2, 6, 10” x 11km) and associated subsea structures for North Sea field development. East Gas Company Gulf of Aqaba Pipeline (2002/3) Pre-FEED and FEED engineering for this large diameter (36” x 15km) technically challenging project, including deepwater (900m), rough seabed terrain and seismic hazards. Specified and supervised survey and interpretation of survey results carried out. Detailed Design, interfaced with onshore pipeline engineering, provided management and specialist engineering for Owner. Contracted to supervise annual IRM. Retains record to-date for largest diameter pipeline installed in 900m water depth. BP Tangguh (2002) Concept (Pre-FEED) design for the twin CRA internally clad pipelines (24” x 16km) carrying corrosive fluid in an environment of very high environmental loading. The Pre-FEED included the application of limit state methods to the assessment of the pipeline during operation to determine requirements for measures to prevent spans. An Introduction to our Company September 2006

16. Project History Detail 2 Client Project Name Scope of Facilities GUPCO Offshore North Sinai (2004) The pre-FEED was carried out to determine the requirements of the pipe and seabed preparation. Detailed Design (60km, 22” pipeline) interfaced with onshore pipeline engineering. ConocoPhillips Saturn Field Development (Saturn & Munro pipelines) (2004) The FEED engineering was carried out and provided the basis for proceeding with the design of an extensive pipeline system in areas of high environmental loading. Detailed Design of pipeline and associated subsea structures (42km x 14” and 10” x 6km, with 3” methanol). ConocoPhillips Saturn Field Development (Mimas and Tethys pipelines) (2004) Detailed Design of pipeline (twin 10” x 12km and 4km) and associated subsea structures. BP Devenick Field Development (2004) The Pre-FEED engineering has been carried out by KW for a pipeline (10” x 12km) system transporting high-temperature/high-pressure corrosive fluids. The requirements has been to identify and assess the provision of suitable pipe materials are acceptable costs. An Introduction to our Company September 2006

17. Project History Detail 3 Client Project Name Scope of Facilities CNR Baobab Field Development (2003/4) Detailed design of a 1500m deep 12/16” pipe in pipe and 6” single pipe. Installation support and fitness for purpose assessment. Shell Howe Field Development (2003/4) Detailed design of high pressure / high temperature pipe in pipe (14km of 12/8” with 3” piggy back). ATP Helvellyn Field Development (2003) FEED and route selection in mobile sand wave areas. Detailed Design of pipeline (8” x 16km, associated subsea structures and riser. Shell Howe P2 Development Detailed design of high pressure / high temperature pipe (3.6km of 6” with 3” piggy back). (2005/6) Oztas-Peker Marmara Crossing (2005/6) Detailed design of 36” x 17km pipeline with two landfall crossings. An Introduction to our Company September 2006

18. Our Clients • BP • Shell • ConocoPhillips • Chevron • Total • GUPCO • RWE • EGC • Saipem • Technip • Stolt • Subsea 7 • Allseas • PMS An Introduction to our Company September 2006

19. The Cairo Office: Services • Deepwater subsea developments. • Traditional shallow water developments. • Pipeline rehabilitation projects: – Pipeline integrity assessment and analysis. – Conceptual and detailed design. – Specialist materials and corrosion services. – Survey and inspection support services. An Introduction to our Company September 2006

20. KW Ltd and MSC KW Ltd and MSCwill cooperate to deliver integrated engineering solutions for flowlines and risers on projects where their combined experience adds value. KW Ltd • conceptual studies • value engineering • specialist consulting • detailed design packages • new technology • JIP / R&D • Deep and ultra deep waters • Insulated pipe • Pipe in pipe • Reeled pipe in pipe • Pipeline walking and lateral buckling subsea pipelines, flowline solutions • verification MSC riser solutions An Introduction to our Company September 2006

21. Summary • We have an established commercial presence in Paris. • We are considering operational presence. • We are Working for STOLT on West African projects. • We are assisting GTT in cryogenic pipe certification. • We are completing first TOTAL project. • We bring other West African project experience. • We provide niche, ‘high end’ engineering. • We provide detailed design capability. • We target projects where we add value. • We are successful in technically challenging projects. • We provide innovative solutions and cost saving ideas. • We are the technical alternative to established players. • We will team up with MSC where we jointly add value. An Introduction to our Company September 2006

22. delivering subsea solutions An Introduction to our Company September 2006