Schlumberger Business Consulting (SBC) Introduction

1. Schlumberger Business Consulting (SBC) Introduction Marty Stetzer 713-419-6912 Jon Fuller 713-513-1516 August, 2004

2. SBC provides our clients with: • 1. Deep industry and consulting experience… 55+ staff in NSA, 100+staff worldwide • 2. Structured methodologies to define key steps needed for business improvement • 3. Use of end-to-end workflow templates, best practices and benchmarks • 4. Change management skills • 5. Program and project management tools • 6. Experience and citations to help define (and implement) a unique client solution • Across SLB competencies • Incorporating third parties where appropriate • Leveraging client best practices, culture and initiatives Introducing Schlumberger Business Consulting (SBC) “Schlumberger Information Solutions (SIS) announced creation of Schlumberger Business Consulting (SBC), focused exclusively on the growing demand for optimization of upstream oil and gas industry operations. SBC offers a unique combination of domain knowledge, global reach and experienced consultants targeting E&P operational processes. SBC works with E&P companies in strategy implementation, organizational efficiency and technology strategies to help enhance core operational processes within these organizations and to gain productivity through appropriate workflow redesign enabled by information technology (IT).” Press release LONDON, April 14, 2004 –

3. Schlumberger Business Consulting - NSA Industry experienced Practice Leader team Don Painter Consulting Director, NSA Marty Stetzer Asset Portfolio Optimization (APO) Denver Roopchand Risk Managament and HSE Bob Peterson Dynamic Drilling & Production (DPP) John Pronsky HR Mgmt / Organization Change Mgmt (HRM / OCM) Jan Erik Johannson Asset Lifecycle Mgmt (ALM) Randy Tidd Enterprise Technology Solutions (ETS)

4. SBC Global Leadership Team

5. SBC NSA – Leadership A combination of deep domain and consulting credentials

6. Where to FocusSome of this is easy, some hard work… • Expected return (for a $10B company) • Asset Portfolio Optimization- 10% on capital allocation – $100M • Risk Management & HSE- 30% on just HSE costs – $45M • HR (Technical Skills) Management and Change Management- $100M per year • Rationalize Enterprise IT Operations - 30% of IT Budget – $45M per year • ALM Protect Assets thru Lifecycle - $20M to $100M 6. Dynamic Drilling/Production; DDP/APO CERA est. – $50M to $300M Benefit potential 1 6 2 5 3 4 Implementation Effort

7. SBC Offerings – Client Focus Delivering value throughout the Oil & Gas asset lifecycle Asset Lifecycle Portfolio Management& Capital Planning Exploration & Appraisal Facilities & Reservoir Engineering Construction & Development Commissioning& Startup Production &Maintenance Divestiture & Retirement

8. Marty Stetzer – ProfileMarty helps frame the consulting approach for client projects • Marty Stetzer is the global Practice Leader for the Asset Portfolio Optimization consulting practice in Schlumberger Business Consulting (SBC), based in Houston. • Prior to SBC, he had over 13 years energy consulting experience with PricewaterhouseCoopers Consulting (PwCC). He worked with numerous international oil & gas company management's in engagements in strategy, business operations improvement, portfolio improvement, E-commerce and systems strategy. He recently was part of the PwC audit & risk management services organization - leading proposal and delivery design efforts in Sarbanes Oxley compliance. • Marty came to Schlumberger with 18 years of industry P&L experience with Superior Oil/Mobil, Wilson Industries and Exxon. • At Superior, he reported to the VP Production and organized a new 120-man department to service company wide projects and drilling & production operations. • His global experience with Esso included downstream capital project planning analysis, refining, supply, logistics and marketing in both USA and South East Asia locations. • Marty has a Bachelor's degree in Mechanical Engineering from Kettering Institute (co-op work-study) in Michigan and an MBA from Carnegie Mellon in Pittsburgh.

9. Jon Fuller – ProfileJon helps frame the technical approach for client projects • Jon Fuller is a Project Leader in the Asset Portfolio Optimization consulting practice in Schlumberger Business Consulting (SBC), based in Houston. • Prior to SBC, he had 7 years in Petroleum Reservoir Engineering initially with TOTAL, working • In the North Sea, Venezuela and Abu Dhabi, in increasing positions of responsibility. Positions included HPHT Exploration Reservoir Supervisor for TOTAL’s discovery of the Deep Jusepin field. Jon subsequently put the reservoir fast track development plan together for the field, that saw first oil, at 30,000 bopd from two wells onstream eighteen months after first discovery. • He worked with Monument Oil and Gas (now part of ENI-Agip) as Reservoir Supervisor on their FSU field re-developments in Turkmenistan. Jon was in charge of field development planning and production optimisation that saw the field go from 5,000 bopd to 11,000 bopd in 24 months. • He has spent the last 4 years working in Business Development for IndigoPool as an A&D advisor, where’s he been helping clients focused on N.Sea new entry, relationships with oil and gas financing institutions, and marketing of over $400 million of assets. • His global experience included portfolio analysis, oil and gas asset valuation, reserves management and oil and gas financing for projects in most of the major petroleum basins. • Jon has a Masters degree in Engineering Science from Oxford University, a Masters in Petroleum Engineering from Heriot-Watt University, Scotland and an MBA from INSEAD – France.