1. © Copyright 2014. Oil Spill Response Limited. SWIS Overview Introduction to OSRL’s Subsea Services

2. © Copyright 2014. Oil Spill Response Limited.2 Agenda  Supplementary Services - SWIS - SWIS Capping Stack System & Subsea Incident Response Toolkit - SWIS Containment - Global Dispersant Stockpile - Offset Installation Equipment

3. © Copyright 2014. Oil Spill Response Limited.3 Supplementary Services for Members

4. © Copyright 2014. Oil Spill Response Limited.4 Our Industry Commitment Oil industry’s Tier 3 spill response provider of choice The only oil spill response cooperative with a global remit Industry owned and funded Major focus on preparedness: oil spill training / planning and exercises / project support 45 oil and energy Shareholder companies and over 120 Associates

5. © Copyright 2014. Oil Spill Response Limited.5 OSRL Geographical Reach EMEAAsia PacificAmericas Operational bases Representation offices SWIS bases Registered office Houston, USA Fort Lauderdale, USA Angra Dos Reis, Brazil Stavanger, Norway Aberdeen, UK Southampton, UK Manama, Bahrain Saldanha, South Africa London, UK Jakarta, Indonesia Loyang, Singapore,

6. © Copyright 2014. Oil Spill Response Limited.6 What is SWIS? International Association of Oil and Gas Producers (OGP) established Global Industry Response Group (GIRG). Subsea Well Response Project (SWRP) created in 2011. Oil Spill Response Limited (OSRL) identified as provider of choice. OSRL establish Subsea Well Intervention Services (SWIS) division MACONDO 2010

7. © Copyright 2014. Oil Spill Response Limited.7 SWIS CSS/SIRT Services South Africa Stavanger Strategically located subsea well response equipment Singapore Brazil (2x) 10k CSS: 7” 10K Capping Stack Kits (2x) 15k CSS: 18-3/4” 15K Capping Stack Kits Complete Subsea Response Kits (2x) SIRT: Debris Clearance Dispersant Application BOP Intervention

8. © Copyright 2014. Oil Spill Response Limited.8 SWIS CSS / SIRT Members New Members of SWIS Total 20 members (2 Short Term) Original members of Subsea Well response Project “SWRP 9”

9. © Copyright 2014. Oil Spill Response Limited.9 SWIS Bases Norway Saldanha – South Africa Singapore Angra Dos Reis – Brazil

10. © Copyright 2014. Oil Spill Response Limited.10 SWIS Capping

11. © Copyright 2014. Oil Spill Response Limited.11 Integrated Subsea Intervention System  Available for the majority of international subsea wells  Designed for subsea use up to 3000m water depth  Transportable by sea and/or air  Response Ready Four Capping Stack Systems (CSS) Two Subsea Incident Response Toolkits (SIRT) Four Capping Stack Systems (CSS) Two Subsea Incident Response Toolkits (SIRT)

12. © Copyright 2014. Oil Spill Response Limited.12 Survey & Debris Clearance

13. © Copyright 2014. Oil Spill Response Limited.13 Dispersant System

14. © Copyright 2014. Oil Spill Response Limited.14 BOP Intervention

15. © Copyright 2014. Oil Spill Response Limited.15 Capping Stack

16. © Copyright 2014. Oil Spill Response Limited.16 Standardised Capping Systems Dual 18 ¾’’ 15k Rams on Main Bore Dual 7 1 / 16 ’’ 10k Gate Valves on Main Bore Common 15k System

17. © Copyright 2014. Oil Spill Response Limited.17 15k Scope of Supply

18. © Copyright 2014. Oil Spill Response Limited.18 SWIS Membership SWIS Capping Supplementary Agreement OSRL Membership (Participant or Associate) Offset Installation Equipment Supplementary Agreement in development GDS Supplementary Agreement SWIS Containment Supplementary Agreement

19. © Copyright 2014. Oil Spill Response Limited.19 Additional SWIS Membership Benefits Subscribers Technical Advisory Forum (STAF) Document Control System SWIS Appreciation Site

20. © Copyright 2014. Oil Spill Response Limited.20 Handover points – SEA Deployment by sea

21. © Copyright 2014. Oil Spill Response Limited.21 Handover points – AIR Deployment by Air

22. © Copyright 2014. Oil Spill Response Limited.22 SWIS Containment Toolkit

23. © Copyright 2014. Oil Spill Response Limited.23 SWIS Containment Members New Containment Members Total 9 members Eight of the original members of Subsea Well Response Project

24. © Copyright 2014. Oil Spill Response Limited.24

25. © Copyright 2014. Oil Spill Response Limited.25 Coiled Tubing unit & Tubing string for MEG delivery Max use of Standard Existing Vessels and Equipment Standard offshore well testspread Drilling riser, BOP & Inner string Vessels Maximum Flow rates: Capping stack 100,000 barrels / day. Each leg 33,000 barrels / day. First leg available end of 2014

26. © Copyright 2014. Oil Spill Response Limited.26 SWIS Capping & Containment Terms of Subscription

27. © Copyright 2014. Oil Spill Response Limited.27 Entry criteria (any of): 1.Credit rating (A-) 2.Net worth test of $5 bln 3.Letter of Credit for $100 mln 4.Guarantee for $100 mln Entry criteria (any of): 1.Credit rating (A-) 2.Net worth test of $5 bln 3.Letter of Credit for $100 mln 4.Guarantee for $100 mln SWIS Capping Stack System Terms of Subscription Entry Fee: $1 million Entry Fee: $1 million Annual Per Well Fee: Calculated annually based on total no. of wells nominated  Max $500,000 per well  2014 well $99,000 per well  Forecast 2015 approx. $188,000 per well Annual Per Well Fee: Calculated annually based on total no. of wells nominated  Max $500,000 per well  2014 well $99,000 per well  Forecast 2015 approx. $188,000 per well

28. © Copyright 2014. Oil Spill Response Limited.28 Entry criteria (any of): 1.Credit rating (A-) 2.Net worth test of $5 bln 3.Letter of Credit 4.Guarantee Entry criteria (any of): 1.Credit rating (A-) 2.Net worth test of $5 bln 3.Letter of Credit 4.Guarantee SWIS Containment Toolkit Terms of Subscription Entry Fee:  $1 million  Waived for subscribers joining within three months of signing up to the SWIS Capping Stack or before 30 th November 2014 Entry Fee:  $1 million  Waived for subscribers joining within three months of signing up to the SWIS Capping Stack or before 30 th November 2014 Annual Per Well Fee: Calculated annually based on total no. of wells nominated  Max $500,000 per well  2015 forecast TBC Annual Per Well Fee: Calculated annually based on total no. of wells nominated  Max $500,000 per well  2015 forecast TBC

29. © Copyright 2014. Oil Spill Response Limited.29 Global Dispersant Stockpile

30. © Copyright 2014. Oil Spill Response Limited.30 Background An idea from inside the industry – post Macondo IPEICA JIP initiative

31. © Copyright 2014. Oil Spill Response Limited.31 Subsea Dispersant Application

32. © Copyright 2014. Oil Spill Response Limited.32 Type, Quantity and Locations – 5000 m ³ TypeQuantity (m3)Location Dasic Slickgone NS500OSRL Base UK Southampton Finasol 52500OSRL Base UK Southampton Finasol 52350OSRL Base Singapore Dasic Slickgone NS350OSRL Base Singapore Finasol 521500Supplier Warehouse - Europe Finasol 52800OSRL Base South Africa Corexit EC9500A500Florida/Texas USA Corexit EC9500A500Brazil

33. © Copyright 2014. Oil Spill Response Limited.33 Entry criteria (any of): 1.Credit rating (BBB-) 2.Net assets for indemnity financial standing to meet suppliers requirements, 3.Letter of Credit for $50 mln 4.Guarantee for $50 mln Entry criteria (any of): 1.Credit rating (BBB-) 2.Net assets for indemnity financial standing to meet suppliers requirements, 3.Letter of Credit for $50 mln 4.Guarantee for $50 mln Global Dispersant Stockpile Terms of Subscription Long or Short Term Membership available Entry Fee: Calculated on a Capital Contribution basis based on OSRL membership banding Entry Fee: Calculated on a Capital Contribution basis based on OSRL membership banding Annual Subscription Fee: Annual subscription fee based on OSRL membership banding Annual Subscription Fee: Annual subscription fee based on OSRL membership banding

34. © Copyright 2014. Oil Spill Response Limited.34 Mobilization –Notification via normal channels – Southampton, Singapore, Americas OSR(D)L Maintenance of stock Loading of dispersant Transport to designated port OSR(D)L Maintenance of stock Loading of dispersant Transport to designated port Incident Owner Designate preferred port Arrange airplane/vessel Coordinate further travel & in country logistics Confirm the use of dispersant with local environmental body Incident Owner Designate preferred port Arrange airplane/vessel Coordinate further travel & in country logistics Confirm the use of dispersant with local environmental body Each year mobilizations exercises will be carried out at each location to test OSRL staff and contracted service providers

35. © Copyright 2014. Oil Spill Response Limited.35 Offset Installation Equipment

36. © Copyright 2014. Oil Spill Response Limited.36 Offset Installation Equipment Deployment by Air

37. © Copyright 2014. Oil Spill Response Limited.37 End of Presentation Any questions?