1. Marine Coordinating - more efficient and cost saving operations

2. Offers a full range of maritime logistic services. The MLS business concept is based upon a combination of our logistical skills and expertise, marine operations, market knowledge and strong strategic alliances. MLS business principle is to obtain flexible and adequate marine resources, shared and coordinated between customers - You pay for what you use. Maritime Logistic Services AS (MLS) Management system certifications: NS-EN ISO 9001: 2008 Quality standard NS-EN ISO 14001:2004 Environmental standard OHSAS 18001:2007 Occupational Health and Safety standard Achilles JQS Strategic priorities at MLS Become the leading 3 rd party provider of marine chartering and coordination services for oil and service companies in the offshore sector on NCS

3. MLS can provide the following services: MARINE SERVICES Vessel provider (Own vessel & chartering from other vessel Owners) Sublet / deviation trips (sell – buy extra capacity between operators) Other services: Fuel / LNG Tank Cleaning / waste handling Vessel inspection / audits etc. (NSG Maritime – new company 2014) Marine representative / tow master (NSG Maritime) Positioning equipment for rig moves etc. Mooring equipment / arrangements Sublet / deviation trips (sell – buy extra capacity between operators) Marine maps - sailing route / distances Other requirements upon request.

4. Added value M Market know how Marine specialist Market timing L Lower the market by using 6 brokers Large volume benefits Low average rates S Secure the right vessel(s) for the job Sharing capacity / sublease etc. Selection of vessel(s) – operator’s final decision MARINE SERVICES

5. NSG Maritime Established 2014 as subsidiary to NorSea Group Master mariners, naval architects and structural engineers Qualified supplier in Achilles Joint Qualification System Management systems according to standards ISO 9001, ISO 14001, OHSAS 18001

6. Project management Interface coordination Technical procurement Risk management Contracting Marine transport Towing Load-outs / load-ins Mooring installation Hook-up / cut-loose Marine logistics Vessel intake advisory Daily vessel coordination Marine assurance Marine personnel Marine advisors Company Representatives Marine QC Tow masters Project engineers Marine inspections Vessel inspections Rig inspections Investigations Tailor-made inspections Marine operations

7. Structural engineering Global analyses Local analyses Mechanical analyses Third-party verification Marine operations engineering Operation procedures Hydrodynamic analyses Mooring, towing, lifting, ++ Third-party verification Design and construction Concept design Detail design Modifications Site attendance Marine warranty survey Third-party inspections Fabrication supervision Software STAAD.PRO SESAM Mimosa WinCAT Autodesk Inventor ++ Design and engineering

8. Cost saving in rig moves Cost savings can be obtained by: – Improved planning – Improved communication – Improved cooperation between parties involved

9. Planning For many rig moves, required documentation is finished «shortly» before the rig move – Planned rig position – Rig mooring analysis – Rig move procedure This exposes the operator to a tight vessel spot market – Few available vessels – High day rates

10. Planning Planning «one well ahead» allows operator to – Source vessels for mooring installation when the spot market is low – Have all required documenation available in due time – Minimize overtime work, rush fees, and similar cost drivers

11. Communication Interface coordination of subcontractors is a source for – Misunderstandings – Delays – Wrong equipment deliveries Important to identify which parties that should be in the loop

12. Cooperation Cost savings can be obtained by vessel sharing (similar to rig consortium) – Operator A has a rig move scheduled in the Norwegian Sea – Operator B has an ROV survey scheduled in the Norwegian Sea If operator A and operator B enters a vessel sharing cooperation, A can save demobilisation costs and B can save mobilisation costs

13. MLS and NSGM MLS has the market know-how NSGM has the engineering- and technical know- how In combination, cost savings can be obtained by optimisation and coordination of vessel usage

14. Spot market AHTS rates 2014: Average.:NOK 372.500,-/day (fixtures per 30.10) Min.: NOK 60.000,-/day (March) Max.:NOK 1.850.000,-/day (August)

15. www.norseagroup.com