Status på Dvalin-prosjektet

Roy Padget, Topside Host Manager

Kristiansund, 31. mai 2018

DEA Norge AS

A brief history of DEA in Norway…

1980ies

Amongst the

first

companies to

enter the

Norwegian

Sea and the

Barents Sea.

1990

First income

when

Veslefrikk

came on

stream.

1979

The Snorre

field was

discovered,

and three

years later the

Veslefrikk

field. Snorre is

still one of our

main sources

of income.

2015

Sold by RWE

to

LetterOne.

RWE Dea

Norge

becomes DEA

Norge.

Purchase of

E.ON E&P

Norge.

1991

Became

operator. First

operatorship

was PL166.

1991

Deminex was

split among

the

shareholders –

Deminex

Norge became

RWE Dea

Norge

.

1973

Company

established

as Deminex

Norge AS.

First licences

acquired

shortly

thereafter

45 YEARS

2010

Zidane and

Titan were

discovered.

2016

Merger with

E.ON E&P

Norge.

Move head

office to

Stavanger

Dvalin PDO

Submitted

2017

Dvalin PDO

Approved

Oslo office

closed

Possible

merger with

Wintershall

announced

2018

Possible

merger with

Wintershall

progressing

with due

diligence &

negotiations

DEA Norge AS

› Development (operated)

› Dvalin

› Production (non-operated)

› Key fields: Skarv, Snorre,

Njord, Hyme, Gjøa,

Snøhvit and Knarr

› Exploration

› Active in all NCS areas

› Good mixture of different

types of prospects and

leads

DEA’s portfolio

Page 3

DEA Norge AS

DEA Norge AS

PL435 – Dvalin Development

PL435

DEA Norge (O) 55%

Petoro 35%

Edison 10 %

Licence awardDrill or Drop BOK

3D Reproc . P. Eval .Drill Zidane westSite survey

3D Reproc . P. Eval ..

2008 2009 2010 2011 20122007

.

BOVPDO

2013 2016

Drill Zidane east

StartFeasibility Concept FEED Execution

Licence history

2020

PAGE 5

› PDO approved March 2017

› Development ongoing

› First gas planned end 2020

› 18.2 GSm3 recoverable gas

(P50)

› ~10 BNOK investments

DEA Norge AS

Dvalin reservoir

› Two proved structures

with hydrocarbons in Dvalin East

and West

› Reservoir in the Garn and Ile

formation

› High pressure and temperature

› Top reservoir 4100m TVD MSL

Dvalin

East

Dvalin

West

Zidane East Zidane West

Reservoir pressure 635 bar @4242 mTVD MSL 722.2 bar @4242 mTVD MSL

Reservoir temperature 158.8 °C @4242 mTVD MSL 158.8 °C @4242 mTVD MSL

CGR 22 Sm³/MSm³ 15 Sm³/MSm³

CO2 content 5.4% 7.1%

DEA Norge AS

Subsea tie-back and processing on Heidrun

Page 7

DEA Norge AS

Aibel - Haugesund

Fabrication yard

M40 and H25 module

Technip - Lysaker

SURF engineering

Aibel – Asker

Topside engineering

Aker - Egersund

SPS fabrication/assembly yard

Technip - Orkanger

Spool base /pipeline fabrication

Aker Solutions – Fornebu

SPS engineering

Aker Solutions - Moss

Umbilical Fabrication yard

Main Contractors

Kristiansund

68 % Norwegian content

DEA Norge AS

Contractor interfaces

Page 9

StatoilDEA

SURF

Riser

EPC

SPS Heavy

Lift

Riser

Install

Topside

EPCI

Company’s interface management system

Drilling &

Completion SAS

upgrade

Polarled

operator

DEA Norge AS

Heidrun platform

Unit parties Unit interests

Statoil Petroleum AS (operator) 13,11821 %

Petoro AS 57,68845 %

ENI Norge AS 5,19170 %

ConocoPhillips Skandinavia AS 24,00164 %

› Tension leg platform (TLP) with concrete substructure

› Water depth approx 350 m

› 56 dry wellhead slots

› Production start-up: 1995

DEA Norge AS

Two modules of 4,000t and 435t to be manufactured and installed

Page 11Page 11

Heidrun modifications

M40 module:

Main dimensions:

72m x 16m x 18m

Dry weight:

4,000 tonnes

H25 module:

Dry weight:

435 tonnes

H25

M40

DEA Norge AS Page 12

Integration scope

Integration building blocks

| 02/09/2016 | Zidane project

DEA Norge AS Page 13

Subsea Production System

Integrated template

structure (typical) ,

Typically: 34m x 22m x TBN

m / <280 ton

Manifold (typical)

Typically: 20m x 9m x 6m / 206 ton

XT – front (typical)

DEA Norge AS Page 14

Pipeline, flowline and installation activites

Polarled tie-in – inline tee as laid

Dvalin overall field layout

DEA Norge AS

Project Status and Schedule

DEA Norge AS

Topside - status

› Fabrication of topside modules ongoing at

Aibel yard in Haugesund

› H25 module – installed May 2018

› M40 module – installation August 2019

› Offshore modification work at Heidrun

› Started October 2017 and is progressing

well

› POB average 60 in April

› Revision stop at Heidrun May 2018

DEA Norge AS

M40 Fabrication

Ongoing Yard Work

DEA Norge AS

M40 Module fabrication

DEA Norge AS

Ongoing Offshore Work

DEA Norge AS

H25 Module – on the move

DEA Norge AS

H25 Module – lifting

DEA Norge AS

H25 Module – placed at Heidrun

DEA Norge AS

Good overall progress

Status SPS

Fit test of manifold in template at Aker Egersund

Manifold assembly at Aker Egersund

DEA Norge AS

Ongoing SPS Work

Manifold Fabrication (Egersund)

Subsea Control Module

Factory Acceptance Test

(Aberdeen)

Hydraulic Control Unit

DEA Norge AS

Gas Export

Pipeline

Double Jointing

(Orkanger)

SURF Minor

Structure

Check Valve

(From Italy)

Ongoing SURF Work

Temporary

Pig Launcher

Receiver

(PLR)

fabrication

at ERMS in

France

Pipeline End

Termination

(PLET)

fabrication at

Westcon

DEA Norge AS

Flowline, pipeline and marine installations

› Good overall progress

› Gas Export pipeline stalk fabrication

completed in Orkanger

› Mainline stalk fabrication ongoing for

13%Cr inner pipe

› ITS successfully installed

› Rock- installation commencing mid May

› Gas Export pipeline installation

commence end May / early June

ITS installation from Deep Explorer

DEA Norge AS

Dvalin Pre-lay Rock Installation

DEA Norge AS

Offshore Installation CampaignJune July AugustMay

14.04Template installation and prep. work for Gas Export line, Production line & Umbilical

(Deep Explorer)27.04

14,5

d31.05 14.06 (offshore 11 – 13.06)

Gas Export line installation

(Deep Energy) includes Heidrun

07.06 10,5 d 18.06

April

GE line as-laid survey and FCG

(Far Superior)

Pre-rock installation (Nordnes)Mob. window 09 - 15.05 Demob. window 21 – 27.0512 d

13 d

H25 Module lift and installation (Saipem S7000)13.05 15.053 d

06.0623.05

Topsides SD 2018

DEA Norge AS

Offshore Installation Campaign

DEA Norge AS

Drilling & WellsTransocean Arctic contracted to drill Dvalin Wells

DEA Norge AS

Project Schedule