pmas@houlderltd.com www.houlderltd.com London • Aberdeen • Houston • Singapore • Tyneside • Portsmouth

PROJECT MANAGEMENT & ADVISORY SERVICES

Houlder’s Project Management and Advisory Services (PMAS) business unit provides Oil, Gas and LNG Operators, Drillers, Primes with independent, global, specialist services - Offshore marine engineering, construction, and operational management:

Major Projects – new build, upgrade, conversion, life extension and repair

Solution Assignments – concept, research, design, and proving of vessels and plant

Confidential Advice and Reports – issues, analysis, options, feasibility and verification.

$50 Oil* - the implications for your Floating Assets - Oil, Gas, LNG?

At $50 Brent, you will have clarity as to which of your Offshore assets are clearly viable and which are not, and which have to be kept in production to ensure requisite cash flow or at least until their marginal cost level is breached.

The questions you may have are:

What about those that are not obviously Viable and Non-Viable? and

Where is each asset’s tipping point? Do we sell, keep, innovate or standardise?plus,

What overall simplification of all our assets will yield significant cost savings?

Non-Viable at $50 or...

Viable at $50 or... ?

Standardise? Innovate?

*while Gas and LNG prices have different trajectories from Oil, their Capex and Opex are equally factored by hydrocarbon Exploration and Production costs.

? Simplify ?

pmas@houlderltd.com www.houlderltd.com London • Aberdeen • Houston • Singapore • Tyneside • Portsmouth

Houlder PMAS services cover the life-cycle of floating assets and associated inter-connects to the subsea wellhead and process plant. The work - managing a major project, the R&D of an operational improvement or giving specific advice – covers all floating and SURF infrastructure and equipment outside the pressure envelope of Oil & Gas and LNG production, storage and shipment.

New builds, conversions, upgrades, life extensions, for complete assets, sections, systems, of mobile offshore drilling units, floating production and storage vessels, support ships, and specialist use vessels :

1. FLOATING

Feasibility analysis, concept selection, FEED and modelling, detailed design, shipyard selection and procurement. Project Management, plan approval, model tests, factory acceptance tests, supervision of construction & supply-chain management, commissioning and sea-trials, transport installation & commissioning, maintenance & modifications, life extension, decommissioning.

FLOATING OIL & GAS ASSETSand their structural connections to the subsea wellhead and plant

2. SUBSEA

Technical and operational services as for floaters - in addition: turret mooring and dynamic positioning systems to support station keeping; reeling systems, skidding systems, cranes and davits; risers, flowlines and umbilicals.

3. BEACH

Houlder researches, designs, develops and commercialises complete systems for ship-to-shore off-loading and bunkering of oil, gas and LNG; pipe and cable lay deck spreads and complex mechanical handling equipment systems.

Commercial, financial, and risk management services for Offshore projects & assignments are provided world-wide: supply-chain management and procurement, technical inspections and due diligence, specification and build contracts and their alignment with performance clauses and liquidated damages.

Commercial, Financial, Technical, and Operational Appraisals

Offshore & Littoral Project Management Marine Expert Witness Audits and Reports to Senior Management, Committees, Boards

Asset, Shipyard, Supply-Chain Assessment and Procurement

HOULDER PROJECT MANAGEMENT & ADVISORY SERVICES

pmas@houlderltd.com www.houlderltd.com London • Aberdeen • Houston • Singapore • Tyneside • Portsmouth

WORLD-WIDEConcept to Completion – Houlder, your best-value for CAPEX and OPEX costs

PLEASE CONTACT

Philip Codd, DirectorProject Management & Advisory Services Houlder Ltd

T: +44 (0)23 9287 5277 E: philip.codd@houlderltd.com

Project Management and Advisory Services is supported globally by Houlder’s three other business units :

+ Offshore Projects & Engineering Multi-disciplinary project delivery teams enhancing in-service Oil, Gas, LNG marine assets with survey, design, engineering and construction services

+ Marine Design Consultancy Design teams combine technical creativity with operational pragmatism to develop new process concepts; validate safety, performance and feasibility of new vessels, assets and equipment; support investment decision making

+ Marine Equipment Research, development and commercialisation of new systems and products that deliver step changes in floating, subsea and dock asset capabilities.

Houlder is an independent, employee-owned, United Kingdom company. The company can deploy globally, professionally qualified and experienced project engineers, technical staff and specialist associates. Houlder has well-established project deployment, staffing, resources and QHSE capabilities in the major shipbuilding centres of the world.

Houlder holds Corporate Memberships of relevant associations, and employs Chartered Fellows, Members, Associates of a range of Professional Institutions including:

+ Association of Project Managers

+ Institute of Marine Engineering, Science & Technology

+ The Royal Institution of Naval Architects

Design Team of the year - Houlder Ltd

“ A fantastic example of a huge, multidisciplinary project that meets a unique and demanding engineering challenge. - Judges’ summary ”