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TRITON ENGINEERING SERVICES COMPANY

TRITON ENGINEERING SERVICES COMPANY. CLIENT SERVICES AND COMPANY OVERVIEW. Triton is a subsidiary of Noble Corporation. BUSINESS VISION. WE. HIGHER RETURN ON “INVESTMENT ”. REACH. PROFIT. ACHIEVE. KNOWLEDGE AND EXPERIENCES. TRANSFER. ESTABLISH. COOPERATION.

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TRITON ENGINEERING SERVICES COMPANY

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  1. TRITON ENGINEERING SERVICES COMPANY CLIENT SERVICES AND COMPANY OVERVIEW Triton is a subsidiary of Noble Corporation

  2. BUSINESS VISION WE HIGHER RETURN ON “INVESTMENT” REACH PROFIT ACHIEVE KNOWLEDGE AND EXPERIENCES TRANSFER ESTABLISH COOPERATION WORKING ENVIRONMENT FOR UNDERSTANDING AND COMMON GOALS

  3. OBJECTIVE To Implement a Cost Effective Drilling and Completion Operation The Reduction of Lost Time andNon Productive Time The Reduction of Production Cost Implementation of an Educational Process

  4. GOAL • Provide a full range of services to the oil and gas industry for their exploratory and development program • from responsive help to existing resources • to full comprehensive project management

  5. PROJECT MANAGEMENT SERVICES • Preparation and execution of comprehensive:  Well design and well construction programs  Workover programs  Well abandonment programs • Preparation of budgets, detailed costs • Field Supervision of logistics and well operations • Review of drilling data and drilling optimization studies • End of well reporting and reconciliation

  6. PROJECT MANAGEMENTSERVICES • Preparation of operating procedures • Pre-operational Audits: • Drilling Unit - Service Providers - Vendors • Project - Proposal / Program - Operation • Preparation and evaluation of tenders: • The provision of services • The procurement of equipment and material

  7. EXPERIENCE

  8. COMPANY HIGHLIGHTS • Completed over 500 well construction projects in 40+ countries: • High pressure and temperature wells: • Exploration and development wells • Directional wells with multiple targets • 23,000'+ total depth wells • Complex geological areas • Salt, sub-salt and rafted shale wells • Water depths in excess of 7,200’ • Developed client base of major E&P Operators, National Oil Companies and Independent operators worldwide

  9. WORLDWIDE RIG OPERATION ANDDRILLING ENGINEERING EXPERIENCE Offshore Onshore Europe UK,IRL,NLDK, NOR, DL, FR, SP Italy, Black Sea Canada Far East China, Vietnam Malaysia, Korea Indonesia, India Aruba U.S. GOM Mexico Venezuela Middle East Qatar,Oman Yemen, Azerbaijan Peru Brazil EC Africa Mozambique WC Africa Marroco,Senegal Guinea, Ivory Coast Ghana, Nigeria Gabon,Congo Angola, Namibia Argentina Land Africa Algeria, Chad Nigeria, Tunisia Australia & New Zealand

  10. PROJECT MANAGEMENT • Wells Internationally • 1 Well program - Lukoil; Caspian Sea • 2 Well program - El Paso; Brazil • 1 Well program - Devon; O/S Ghana • 2 Well program - El Paso; O/S Brazil • 14 Well program - Pemex; O/S Mexico • 1 Well program - Devon; O/S Gabon • 4 Well program - Brass; O/S Nigeria • 2 Well program - RWE; Dutch North Sea • 17 Well program - PDVSA; Venezuela • 8 Well program - Trinmar; O/S Trinidad • 8 Well program - Pedco; O/S Korea • 2 Well Program - El Paso; O/S Australia • 2 Well Program - EOG Resources; O/S Trinidad

  11. BACHAQUERO FIELD PDVSA VENEZUELA PERFORMANCE DRIVEN BA 2148 Incentive Curve BA 2249 BA 2150 BA 2157 BA 2167 MULTIWELL PERFORMANCE OPTIMIZATION

  12. BRASS PETROLEUM NIGERIA

  13. Days vs. Depth GOM Sub Salt Well

  14. WELL CONSTRUCTION SCEMATIC EVALUATION and PLANNING PROJECT MANAGEMENT ASSESSMENT and BENCHMARKING EXECUTE CONTROL

  15. ENGINEERING AND PRE-PLANNING • Define & align well and geological objectives • Conduct risk assessment • - Risk impact / Probabilities • - Identify, Quantify, Manage • - Mitigation measures / contingency plans • - Lessons Learned ~ inclusion in well plan • Benchmark development • - Rig performance ~ upgrades or improvements • - Operations ~ vendor selection criteria • - Engineering ~ well location specific • - Logistics

  16. DESIGN & PLANNING • Critical Path Plan Development • Feasibility studies / life cycle • Process Control, Risk vs. Success probabilities • “Front End” engineering • - rotating, flat spot times, non- productive time • Regulatory Assistance ~ if applicable • Knowledge management: • - Average running speeds of casing • - Average trip speeds open / cased hole • - Average PU / LD time for BHA’s • - ROP analyses for rotating / motors • Marked-up offset well logs w/ hole problems, mud weights, casing depths, L.O.T. test data

  17. DATA COLLECTION KNOWLEDGE MANAGEMENT BENCHMARKING • Provide real time evaluation of performance • Post well operations review • End of well report ~ corporate memory • Produce “best of the best” drilling benchmarks • Updating of statistical benchmarks • Capture of efficiencies & lessons learned • Update planning process with lessons learned

  18. COST MANAGEMENT • Accurate pre-planning AFE costs • Accurate tracking of costs during project execution • End of well review and reconciliation of projected costs / vs. actual costs • Evaluation of drilling contractor, vendors and service companies • Evaluation of variances • Retention of cost data for corporate memory • Distribute results

  19. COMPREHENSIVE PROJECT PLANNING AND MANAGEMENT

  20. DRILLING PERFORMANCE SYSTEMS OptiDrill NDSS Engineering and Planning Operations NobleDrillSmartSystem I.D.E.A.S ImproveDrillingEfficiencyAccountabilitySystem WITS Well Information TrackingSystem

  21. EFFICIENCY DRIVER NPV $ OPERATING PROBLEMS COST $ + WELL # 1 EXPLORATION PHASE INVESTMENT WELL # 2 TODAY WELL # 3 - TIME + DEVELOPMENT PHASE PAY BACK REVENUE $ TOMORROW PRODUCTIVITY

  22. TRUE EFFICIENCY COST$ Well # 1 Well # 2 VALUE $ Well # 3 Well # 4 TIME

  23. CONFORMISTIC PLANNINGMISMANAGEMENT

  24. PERFORMANCE PLANNINGEFFICIENT MANAGEMENT

  25. THE DIFFERENCE • Proper Allocation of Funds • Increase number of wells drilled • Increase Production • Increase Profit and Return on Capital Plan and Manage for Continuous Improvement

  26. OPERATION EFFICIENCY VALUATION • Well plan : Prognosis vs Actual • Drilling practices: Methodology & Technology • Logistics : Response Time & Bottle neck • Drilling fluids: Formation Damage • Third parties :System Performance & Down Time • Drilling Unit :Performance & Down Time • Cost :AFE vs Actual Cost

  27. PRODUCTIVITY EFFICIENCY VALUATION • Reservoir Management • Formation Damage • Completion Design

  28. EFFICIENCY REQUISITE PEOPLE Management Information Technology Knowledge Management Data Management PROCESS TECHNOLOGY

  29. RISK ASSESSMENT Gather information of offset wells Learning Organization = People + Process + Technology Synthesize data to generate a subsurface geologic model Apply lessons learned Evaluate pore pressure for casing picks Integrate geologic model

  30. CONCLUSION • Professional independent project team • Team not “tied” to any product or service company • Objective evaluation and recommendations • Critical path drilling program generation • Integration of drilling efficiency systems • Execution of program based on Cost effectiveness • Proven track record

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