Optimizing Offshore Oil and Gas – aService Company PerspectiveCIEP Roundtable - 5 july 2012

Agenda

Playing Field Approach of current and future Markets and the expected challenges Concluding remarks

Field Development Trend

Innovation drives this industry

Dutch Offshore Community

Offshore Constructions

1000'

3000'

5000'

2000'

4000'

6000'

FIXEDPLATFORM

FPSO

COMPLIANTTOWER

FPS

TLP

SUBSEACOPLETIONTh e de ep es t o f t h e d ee p

SPAR

The top O&G 280 projects in the world

Fixed Platforms

North Sea is still very alive

9

Total Offshore Expenditure 2011-2014

Floating Platforms

Deepwater Outlook

c. Exxon outlook

Complexity increases

Development of Subsea Processing

Total Block 17 Pazflor subsea separation unit 1000 tn Design Water Depth; 1000 m

Complexity increases

Subsea Field Development

Innovatie?

Innovation can also be to use old solutionsin a new setting

Decommissioning

- $ 79 billion (2011 - 2041)

Decommissioning market - North Sea

Decom. World Conference Nov 2011 Aberdeen

Development time line - milestones

Arctic Field Development - Way Forward

Cooperation between Operators and key Contractors Develop methods of working that deliver first oil in good balance with safe

working conditions and with a minimum impact on the environment

Concluding remarks

Offshore oil and gas development is of increasing importance for our energysupply.

The upcoming field developments will be more complex:- Harsh working environment- HP/HT/Extreme depth- Remote areas of the globe- Investment in specialized Assets

Cooperation between Operators and Service Companies has always bestrong. For the upcoming challenges that need to be intensified.

Innovatie?

Perhaps the biggest challenge

Energie plaatje – Olie & gas industrie – Clingendael Waar is nog olie? – gebieden (slochteren 2800 miljard m3) Eisen / barrieres - Heerema werk / geschiedenis Type BBT / Block 31 Innovatie