1. The Future of Solutions: Technologies for Increased Oil Recovery (IOR) Subsea IOR: Achievements & Future Vidar Sten-Halvorsen Technical Manager FMC Well Intervention Systems

2. Subsea Growth and Evolution

3. FMC Technologies at a Glance $5.1 billion revenue in 2011 14,200 employees worldwide 27 production facilities in 16 countries Recognized as one of the top Oilfield Service Companies An oilfield service and equipment company

4. Technology achievements

5. Technology Leadership Strong subsea track record World record water depths achieved by FMC Technologies World record water depths achieved by FMC Technologies

6. Increased Oil Recovery Enhancing brownfield oil recovery and enabling greenfield development Brownfield challenges: −Declining oil & gas production −Increasing water production −Constrained topside facilities −Cost of Equipment failures Greenfield challenges: −Heavy oil −Low reservoir pressure −Hydrate formation

7. FMC’s response to IOR challenges FlexibleField Architecture HPHT Enhanced Subsea Controls Arctic Development Deep Water Long Distance Separation Pumping / Boosting Compression Light Well Intervention Through Tubing Rotary Drilling Field DevelopmentProcessing Increased Oil Recovery

8. FMC’s Subsea IOR Projects Activity in every major deepwater basin BC-10 Greenfield Gas/Liquid Separation Boosting Perdido Greenfield Gas/Liquid Separation Boosting Tordis Brownfield Gas/Oil/Water/Sand Separation Boosting Cascade Greenfield Boosting Pazflor Greenfield Gas/Liquid Separation Boosting Greenfield Brownfield Marlim Brownfield Gas/Oil/Water/Sand Separation The North Sea RLWI TTRD

9. What is Riserless Light Well Intervention - RLWI?

10. RLWI overview Alliance established in 2004 between; –Island Offshore –Aker Well Service –FMC Services Currently operating 3 vessels –2 vessels year round for Statoil –One vessel partly Statoil, partly other operators –Capable of working West of Shetland

11. Riser Less Light Well Intervention Services 11 Summary Of Vessel Operations to Date: Q1 2012 Vessel No of WellsRunsPLTPerforationsPlugs Insert DHSV Scale Brush Scale Mill Island Frontier87620585918012918 Island Wellserver4538444558518716 Island Constructor2310714653406 Totals1551111116120318341640

12. StatoilHydro – Tordis Project EnhancOil Recovery StatoilHydro – Tordis Project Enhancing Brownfield Oil Recovery First full-scale subsea separation system Gas/Oil/Water/Sand Separation Capacity 200,000 barrels/day Potential to recover additional 19 million barrels of oil Project Partners:

13. Total – Pazflor Project Enabling greenfield economic viability New field (greenfield) with heavy oil and hydrate risk Gas/liquid separation with boosting at 2,000 ft. depth Producing to FPSO with: −49 subsea trees and production control systems −3 gas/liquid separation and boosting systems −Potential for additional 21 wells and 1 subsea separation system Project Partners: Angola

14. Petrobras – Marlim Project Enhancing brownfield oil recovery First deepwater subsea oil/water separation system Mature field (brownfield) with heavy oil and increasing water production Gas/oil/water/sand separation at 3,000 ft. depth Water reinjected into reservoir to boost production Project Operator: Brazil

15. 15 Inline, ultra-compact subsea separation – the basis for FMC’s position in Subsea Processing High G-force liquid liquid separation

16. The Future: Looking ahead

17. Markets’ maturity for subsea technology Mature markets (1970 ->) Developing markets (2000 ->) Future market (2010 ->)

18. Subsea Growth Forecast 18 Source: Infield Systems Ltd. Annual Average 480 - 720 trees Source: Datamonitor Subsea Production Forecast by Region Million BOEPD

19. Strong Focus on Increased Oil Recovery Subsea Implications Increased opportunities to push IOR on Subsea fields Increased need for processing and boosting capabilities Increasing need to conduct well interventions and extensions Annual Field Decline RatesSubsea Field Production Profile KBOE/Day Source: Cambridge Energy Research Associates (CERA); Jan 2008 Note: Includes natural decline plus EOR efforts Onshore/Shallow water field declines lower due to EOR technologies Source: Rystad Energy

20. FMC’s Subsea Vision The Future is in our Hands! 20