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Overview of AGR Group

Overview of AGR Group. Business Units. Financials. Petroleum Services Well Construction Project Management Drilling Consultancy Reservoir Management Field Management. Revenue, $ US Mn. Drilling Services Riserless Mud Recovery Well service tools Trenching & excavation.

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Overview of AGR Group

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  1. Overview of AGR Group • Business Units • Financials • Petroleum Services • Well Construction Project Management • Drilling Consultancy • Reservoir Management • Field Management Revenue, $ US Mn • Drilling Services • Riserless Mud Recovery • Well service tools • Trenching & excavation * 2009 is 1Hx2 • A Global Footprint • Field Operations • Ops. & Maint. • Subsea Infrastructure • Facilities Integrity • Engineering and PM Offices • AGR CannSeal • EOR • Standard Wireline • Remedial annular sealing • Zonal Isolation • > 60% of rev. outside Norway

  2. Overview of AGR Petroleum Services • Business Lines • # of wells drilled North-West Europe, 2007 • Well Management • Outsourced drilling • ~160 reservoir employees • Statoil-Hydro • Shell • AGR • Exxon • Talisman • Reservoir Management • Global player • ~155 reservoir employees • 2008 AGR: • Drilled 78 wells worldwide • 2nd in volume in NW Europe 2008 • Performed 200 reservoir studies • Delivered 100 training courses • Field Management • FD studies • Sub Sea Tie-back projects • 82 • 1 • 134 • 19 • 22 • 28 • 5 • Drilling consultancy • ~300 consultants • Database of ~8000 • 26

  3. AGR FIELD OPERATIONS

  4. AGR DRILLING SERVICES

  5. AGR Integrated Services Field Development Gaining Access Exploration & Appraisal Production Abandonment Concept Selection Feasibility FEED Execute Reservoir Wells Subsea & Facilities Integrated Services

  6. AGR PETROLEUM SERVICES • AGR Petroleum Services (AGR PS) is one of the largest providers of well management, consultancy services, reservoir and risk mitigation in the world. • We are committed to providing our clients with solutions that result in optimizing value while minimizing risks. • AGR PS is built upon the acquisition of the “best in class” firms in the following categories: • Drilling and Well Construction • Subsurface Evaluations • Consulting Services • HSE & Risk Management • Training

  7. Delivering reservoir, well and integrated field management services Adding value through expertise, innovation and commitment Core competences in geology, geophysics, petrophysics reservoir and petroleum engineering well construction, drilling management, completion design facilities and subsea development AGR Petroleum Service Business Divisions Wells Management Reservoir Management • Well Management • Well Management • Res Management • Field Management • Drilling consultancy Consultancy

  8. AGR Petroleum Services Global Coverage

  9. AGRWorldwide Track Record • In 2008, AGR PS: • Drilled over 78 wells in 7 countries for 34 clients • Operated 7 rigs simultaneously worldwide • Completed over 200 reservoir management studies • Placed 191 consultants through our Consultancy Services group • Supported 2 new oil companies in the rigorous North Sea qualification process

  10. World’s largest well management group Managed drilling of 400 wells to date Globally 317 employees 8 concurrent rig operations in 2008 Drilled the deepest GoM HPHT well at 33,000 ft below mud line & 22,500 psi bottom hole pressure Over 120 reservoir professionals Over 200 reservoir studies/year Deliver over 100 training courses per annum AGR Petroleum Services Experience & Strength

  11. Our global services FIELD OPERATIONS – PRODUCT LINES

  12. AGR Integrated Services Field Development Gaining Access Exploration & Appraisal Production Abandonment Concept Selection Feasibility FEED Execute Reservoir Management Shown Well Management Shown FD, O&M Shown Integrated Services Shown

  13. What we do - AGR Petroleum Services Integrated Project Management Reservoir Management Well Management Consultancy FieldManagement • Well Construction: • Project • Management • Engineering • - Drilling • - Well testing • - Completion • HSE support • Procurement • Logistics support • Well Delivery Process • IOC Policies & Procedures Subsurface Evaluation Reservoir optimisation - Well type - Well location - Well count Production optimisation - CannSeal Asset valuation for M&A Reserves Audits Geoscientists Reservoir engineering Production technologists Economists Training • Integrated Solution • FD Concept studies • Reservoir management • Field Development Plan • Production strategy Professional WC Resources ~300 contracting global 5000 consultants reg. Drilling & Completion Well testing & servicesSubsea engineers Materials & Logistics controllers HSE

  14. AGR can do all that an IOC operator can do Except funding, or PSC as has no assets Fee & Performance based Remuneration vs. Production Share Solid safety and operational track record Full project management: G&G Drilling & completion SCM, Procurement and logistics Security Flexible commercial model, designed to fit every application UAE Operations Status (Abu Dhabi) Local agent / Sponsorship Registration in Process Ensure we add AGR PS services to ADNOC bid lists AGR Petroleum Services - Summary

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