1. www.xodusgroup.com Independent, integrated thinking

2. About Xodus Group Xodus Group is an independent, international energy consultancy founded on an integrated approach to energy challenges

3. About Xodus Business Units

4. About Xodus Business Units Technical, commercial and fiscal advice including >Acquisition and divestment support >Independent reserves and resource reports >Reserves and portfolio management >Fiscal modelling >Asset audit and strategy >Expert witness opinions pre / post litigation

5. About Xodus Business Units Differentiated by >Skill-sets across all E&P technical areas >Advice linked to practical support and execution >Opinions as well as analysis >Decision support bridging technical, commercial and fiscal considerations >A high percentage of repeat business

6. About Xodus Business Units Identifying and defining optimal concepts that create value and achieve business goals >Understand opportunity, look wide >Understand uncertainties >Identify at least one feasible concept across TECOP >Identify decisions for development >Identify major risks >Field redevelopment / re-engineering Good definition Value APPRAISE / FEASIBILITY Feasibility decision OPTION ID / SELECTION DEFINITIONEXECUTIONOPERATION Concept decision Investment decision Poor definition Poor execution Good execution Poor execution Good execution

7. About Xodus Business Units Evaluating concept decisions and selecting optimum concept >Optimum concept is not just technical, but optimum across TECOP >Evaluate major risks Decision 4 Decision 3 Decision 2 Decision 1 Assumptions Givens Uncertainties Selection criteria Givens Risks Decisions can be interconnected or dependent

8. About Xodus Business Units Global subsea engineering services to operators in the upstream oil and gas industry >Conceptual / feasibility studies >Field development >FEED >Detailed design >Project execution support >New technologies

9. About Xodus Business Units Covering the full range of subsea disciplines >Deep water >Rigid and flexible pipelines >Risers and umbilicals >Subsea processing >Materials, corrosion, integrity management >Hardware and controls >Structural and geotechnical >Pre-commissioning and commissioning >Decommissioning

10. About Xodus Business Units Delivering wells on time, within budget and to the highest safety standards >Well design >Rig selection >Drilling engineering and supervision >Operations >Well intervention >Well site geology >Training and mentoring of client personnel for high-risk operations

11. About Xodus Business Units Comprehensive FEED and detailed design packages for the upstream oil and gas industry >Site identification and evaluation >Project and scope definition review >Cost estimating and schedule development >Identification and investigation of long lead items >Hazard and operability studies / hazard identification

12. About Xodus Business Units A full suite of project management consultancy services for the execution phase >Contracting and project management plans >Change and risk management >Cost estimating and scheduling >Quality management / integrity management >HSE / site safety >Management of construction to start-up

13. About Xodus Business Units Quantifying risk and ‘real world’ condition of structures, static and rotating equipment >Risk and uncertainty >Vibration engineering >Computational fluid dynamics >Advanced structural engineering >Process dynamic simulation >Fatigue and fracture mechanics >Production chemistry

14. About Xodus Business Units Ensuring identified risks are appropriately addressed and managed >Integrity management >System optimisation >Flow assurance >Reservoir technology >Noise engineering >Compliance management

15. About Xodus Technical Capabilities Surface Xodus Subsea Process & Facilities Technical Safety & Risk Production Assurance Environment Vibration Engineering Integrity Subsurface Geoscience Petrophysics Reservoir Engineering Production Technology Wells Drilling Engineering Drilling Consultancy Completions The first, and only, consultancy to combine wells, subsurface and surface capabilities

16. About Xodus Lifecycle We add value from front-end analysis and risk-based decision-making through to technology development, project delivery and operational support CreateAppraiseSelectDefineExecute Operate (including Decommissioning) Xodus Advisory Xodus DevelopXodus Projects Xodus Assure Xodus Subsea Xodus Wells

17. About Xodus Global Presence Offices in: Aberdeen London The Hague Oslo Houston Lagos Perth Dubai Abu Dhabi Anglesey Chennai Edinburgh Erbil Glasgow Kuala Lumpur Orkney Qatar Southampton

18. About Xodus Xodus in Numbers Over 3,500,000 man hours dedicated to completing more than 7,300 projects Largest project totalling 50,000 hours and the smallest just 2 hours Over 500 clients and 70+ MSAs globally with majors, independents and NOCs £340million turnover to date Chiyoda Corporation is the majority shareholder in Xodus Group

19. www.xodusgroup.com Thank you