ARGUS Remote Systems as

Key Company Attractions Multi skilled personnel driving innovation and delivering high quality services Engineering experience for designing and building all types of sub-sea equipment Operational experience in deep waters and extreme environments Versatile Technology Platform and Operational Experience Incorporating 20 years of R&D Innovative producer Skilled operator World class ROVs and Equipment Light-weight electrical ROVs suitable for deep water operations Outstanding cable guider for all types of cable projects – suitable for 4C seismic Several high margin components are under development Argus Survey as Established in January 2009 to complement the growing success of ARS Extensive pool of survey equipment for in-house use and external rental Intent on surpassing expectations in the acquisition, processing and delivery of survey data using a solid inshore customer base to expand into offshore markets

Company Overview Argus Remote System as & Argus Survey as - Company Structure Argus Remote Systems was established in 1992 and currently had 30 employees and 15 consultants Mohn Drilling is the main shareholder of the companies owning 73% of shares in Argus Remote Systems Mohn Drilling Currently owns the ROVs and the proforma figures used in this presentation From January 2009 the survey department will be operated as a separate company: Argus Survey Argus Remote Systems owns 100% of Argus Survey

Company Overview Argus Remote System as & Argus Survey Offices Based in Bergen, Norway Access to a 70m deep water quay Argus Remote Systems Modern Offices New offices for Argus Survey Extensive Workshop & Storage Facilities

Company Overview Argus Remote System as & Argus Survey Offices Based in Bergen, Norway Access to a 70m deep water quay Argus Remote Systems Modern Offices New offices for Argus Survey Extensive Workshop & Storage Facilities

Company Overview Argus Remote System as & Argus Survey Offices Nygårdsviken 1, 5164 Laksevåg, Bergen www.argus-rs.no www.argus-survey.no (+47) 56 11 30 50

Argus Remote Systems as Track Record Argus Survey as Summary

ARGUS – A Versatile Service Provider Sub sea oil removal Ultra deep experience Gravimetric surveys EM survey support Dynamic cable laying Drillsupport, fmd, free span correction, marine, growth removal, diver stand by Survey; multibeam, sidescan, cable tracking Cable cutting and repair Inspection, maintence and repair of offshore installations

Highly Competent Developer, Producer and Operator 20 years of R&D experience Producer and Operator  Telerobotics Power electronics Control systems development Programming Information transmission Ultra deep water experience Experience from a wide array of on shore and offshore vehicles developments Innovative producer Skilled operator     Argus design team are also skilled operators Quickly implementations of improvements Rapid evolution of the vehicles Highly dynamic organisation   An outstanding knowledge and technical platform that can be used to design and build all types of sub-sea equipment

An Impressive Customer Base Customers include Environment Institute of Finland The Norwegian Navy and Norwegian Special Command Geoconsult PSL NOFO SFT Stolt Rockwater University of Bergen Institute of Marine Research in Norway Institute of Marine Research in Ireland Atlantic Diving General Robotics LTD The Swedish Navy AS Connector OD (Olje Direktoratet)

Established Provider of Groundbreaking ROV services Selected ROV Projects 1995 Mapped cod spawn growth in the Arctic ice east of Svalbard. 1996 Operated the worlds first remote oil emptying of a ship wreck (Estonia) 1996 Tie in at Ula for Nexans 1998 Developed 1000m depth rated Trencher for Telia 2002 Skagerrak Cable repair at 240m depth for Nexans 2002 Delivered 4 ROV systems for the Swedish Navy submarine rescue team 2003 Developed DPV for the Norwegian Special command 2005 ROV service at the Fennoscan cable repair in Finland for Nexans 2005 Touchdown monitoring of power cable over Gibraltar strait with “Captrack” for Nexans 2006 Touchdown monitoring of power cable at Dolphin for Nexans 2007 Installed suction anchor at 1200m at Goliat field for Eni 2007 High quality video survey of the sunken ship “Prestige” at 3850m for Fugro/Spanish Government 2008 TSS Survey in the Mediterranean for Fugro at 2300m depth 2008 Delivered a 6000msw Rated ROV system for EMEPC in Portugal 2009 Route clearance of cable trace to Valhall for Nexans/BP Unique experience from challenging projects Several high-tech ROVs developed A solid track recorded established

Key Design Features Common Design Features Ultra compact Effective utilization of deck and operation space Flexible and maneuverable in strong currents Simple mobilization and demobilization Electric systems High efficiency Improved reliability Simple service and maintenance Low operation costs Lightweight modular system Low transport and operation costs Expansion possibilities Quick and easy replacement

Design Implications The Advantages of Electrically Operated ROVs: Smaller Smaller footprint, space is limited on offshore vessels/rigs Less drag in water More power per weight Separate control and power units Not dependent on one hydraulic system, several thrusters No pollution (of hydraulic oil) Water is an ideal coolant for electric thrusters Lower CAPEX Less downtime Less need for complex handling systems Preferable in deep waters Redundant Environment Schilling/Quest. Schilling måtte avskrive 350-400 mill på et prosjekt der elektrisk ROV mislyktes. De klarte ikke det vi gjør/ har gjort med våre begrensete ressurser. Dette er et av mange eksempler på at R&D går lettere og er billigere i små selskap, med produktet er for all del ikke noe midre verdt, snarere tvert i mot.

Systems delivered Ultra compact 6000msw rated system delivered to EMEPC in Portugal 92HP Work class ROV system HDTV 1080i Camera system System has been diving to 4300m depth Total weight Complete system = 31,3 tons 1 x 20” control container 1 x 10” Workshop 1 x LARS 1 x ROV Ultra compact 4000msw system 92 HP Work Class ROV system HDTV 1080i Camera system System has been diving to 3850m depth Total weight Complete system = 18 tons 1 x 20” Control container 1 x 10” Workshop 1 x ROV

Systems delivered 2500msw system include TMS delivered to Mohn Drilling 40HP Light Work class ROV system Obs class ROV system delivered to Geo Marine Technology in China 5 function manip skid Didson skid

Systems delivered 2000msw system Obs class ROV system Able to carry Multibeam echo sounder with North seaking gyro Obs class ROV system delivered to IMC Diving

Argus Remote Systems ROV fleet 2 of ARGUS Rover - OBS ROV 1 of ARGUS ROVER MKII - Middle class ROV ROV for observation. Possible to mount a small manipulator such as a 4 or 5 function. Typical depths down to 500 meters. Optional depth rating 3000msw. ROV for observation, light intervention. Able to carry 2 small manipulators such as 4 and 5 functions. Typical depths down to 1000msw. Optional depth rating 3000msw. 2 of Argus Bathysaurus XL–70HP Work Class ROV Powerful 175HP Electric Work Class ROV ROV for observation, touch down monitoring, Survey and intervention. Schilling T4 and Rigmaster mounted. 6kW HPU for tooling. Optional 30HP HPU for tooling. Typical depth rating 3000msw. Optional depth rating 6000msw. ROV for observation, touch down monitoring, Survey and intervention. Schilling T4 and Rigmaster mounted. 18kW HPU for tooling. Optional 50HP HPU for tooling. Typical depth rating 4000msw. Optional depth rating 6000msw. (under development)

Argus Rover 47 ROV (500msw rated) Surface controls Control Container 20” foot container (4 tons) Power distribution panel Fitted LIMS for Power safety Control Console Stand alone panel 19” inch rack Options Video overlay 2 x DVD Recorders   Workshop Container Integrated in 20” Control container (4 tons) Electric Umbilical Winch Winch power input 230VAC , 750W , 3-phase Dimensions 1,7 x 1,08 x 0,83 Weight 400kg included 300m umbilical Rating No zone Slipring Focal 180 , 2 fiber pass Winch Capacity 1000m of 21mm umbilical Line pull 2700Nm bottom layer  Umbilical sheave 0,6m diameter General Dimensions: Length 1,1m Width 1m Height 0,765m Weight 255kg (500msw version) Payload 10kg Frame Aluminum tube T6082 Electronic Pods Titanium grade 5 Connectors Titanium grade 5 Buoyancy Syntactic foam Camera Composite Camera Manipulators Optional 1x4 or 1x5 function Umbilical Kevlar armored Deployment method Free flying latch Launch method Ship’s crane Total deck weight 4 tons (ROV, Winch, Control Container/Workshop) Power requirements System Power input 230-440VAC , 15kW,3-phase (to ROV, winch and container) Thrusters 6 x 1kW, 4 Horizontal and 2 vertical HPU Optional 1kW ROV input 230-440/990VAC-6kW , 3-phase Performance Bollard pull fwd 98kg lat 65kg vert 63kg Speed fwd 3kn vert 1,5kn

Argus Rover 49 ROV (2000msw rated) Surface controls Control Container 10” foot container (4 tons) Power distribution panel Fitted LIMS for Power safety Control Console Stand alone panel 19” inch rack Options Video overlay 2 x DVD Recorders   Electric Umbilical Winch Winch power input 230VAC , 2,2kW , 3-phase Dimensions 2,07 x 1,46 x 1,2 Weight 950kg included 1300m umbilical Rating No zone Slipring Focal 176 , 4 fiber pass Winch Capacity 1500m of 21mm umbilical Line pull 4000Nm/36m pr. Min. bottom layer  Umbilical sheave 0,6m diameter General Dimensions: Length 1,25m Width 0,81m Height 0,84m Weight 350kg (2000msw version) Payload 10kg Frame Aluminum tube T6082 Electronic Pods Titanium grade 5 Connectors Titanium grade 5 Buoyancy Syntactic foam Camera HDTV Camera Manipulators Optional 1x4 or 1x5 function Umbilical Kevlar armored Deployment method Free flying latch Launch method Ship’s crane Total deck weight 4 tons (ROV, Winch, Control Container) Power requirements System Power input 230-440VAC , 15kW,3-phase (to ROV, winch and container) Thrusters 6 x 1kW, 4 Horizontal and 2 vertical HPU Optional 1kW ROV input 230-440/990VAC-6kW , 3-phase Performance Bollard pull fwd 98kg lat 65kg vert 63kg Speed fwd 3kn vert 1,5kn

Argus Rover MKII ROV (1000msw rated) Surface controls Control Container 10” foot container (4 tons) Power distribution panel Fitted LIMS for Power safety Control Console Stand alone panel 19” inch rack Options Video overlay 2 x DVD Recorders   Electric Umbilical Winch Winch power input 230VAC , 2,2kW , 3-phase Dimensions 1,25 x 0,8 x 1m Weight 500kg included 500m umbilical Rating No zone Slipring Focal 176 , 4 fiber pass Winch Capacity 500m of 21mm umbilical Line pull 210kp/37m pr. Min. bottom layer  Umbilical sheave Rollers General Dimensions: Length 1,25m Width 0,81m Height 0,84m Weight 380kg (1000msw version) Payload 50kg Frame Aluminum tube T6082 Electronic Pods Titanium grade 5 Connectors Titanium grade 5 Buoyancy Syntactic foam Camera Composite Camera Manipulators 1x4 and 1x5 function Hydro-Lek Umbilical Kevlar armored Deployment method Free flying latch Launch method Ship’s crane Total deck weight 4 tons (ROV, Winch, Control Container) Power requirements System Power input 230-440VAC , 15kW,3-phase (to ROV, winch and container) Thrusters 6 x 1kW, 4 Horizontal and 2 vertical HPU Optional 1kW ROV input 230-440/990VAC-6kW , 3-phase Performance Bollard pull fwd 98kg lat 65kg vert 63kg Speed fwd 3kn vert 1,5kn

Argus Bathysaurus ROV (2000msw rated) Surface controls Control Container 20” feet container (4 tons) Power distribution panel Fitted LIMS for Power safety Control Console Stand alone panel 19” inch rack Options Video overlay 2 x DVD Recorders   Hydraulic Umbilical Winch Winch power input 440VAC , 18kW , 3-phase Dimensions 10” Feet container footprint Weight 8 tons included 5000m umbilical Rating No zone Slipring Focal 176 , 4 fiber pass Winch Capacity 5000m of 25mm umbilical   Umbilical sheave Rollers General Dimensions: Length 1,6m Width 1,35m Height 1,5m Weight 1200kg (2000msw version) Payload 100kg Frame Aluminum tube T6082 Electronic Pods Titanium grade 5 Connectors Titanium grade 5 Buoyancy Syntactic foam (2000m std 6000m optional) Camera HDTV Camera Manipulators 1x4 function 1x7 function Umbilical Kevlar armored Deployment method Free flying latch Launch method Ship’s crane Total deck weight 17 tons (ROV, Winch, Control Container and Workshop) Power requirements Control Container input 230VAC , 12kW (32A) , 3-phase Workshop Container input 230VAC , 16A , 3-phase ROV Power input 440V/3300VAC , 25kW , 3-phase Thrusters 7 x 5,5kW, 4 Horizontal and 3 vertical HPU manips 6kW HPU input (optional) 440V/3300VAC , 18kW , 3-phase Performance Bollard pull fwd 150kg (optional 300kg) lat 90kg vert 130kg Speed fwd 3kn vert 1,8kn

Bathysaurus XL50 ROV (4000msw rated) Surface controls Control Container 20” foot container (4 tons) Power distribution panel Fitted LIMS for Power safety Control Console Integrated joysticks in pilot chair Integrated touch screen in chair 19” inch rack Options Video overlay 2 x DVD Recorders   Workshop Container 10” foot container (4 tons) Electric Umbilical Winch Winch power input 440VAC , 20kW , 3-phase Dimensions 10” foot footprint Weight 8 tons included umbilical Rating No zone Slipring Focal 176 , 4 fiber pass Winch Capacity 4000m of 24,4mm umbilical Line pull 2,4 tons bottom layer, max speed 60m/min  Umbilical sheave 1m diameter General Dimensions: Length 2,1m Width 1,6m Height 1,7m Weight 1700kg (4000msw version) Payload 195kg Frame Aluminum tube T6082 Electronic Pods Titanium grade 5 Connectors Titanium grade 5 Camera HDTV Camera Buoyancy Syntactic foam (4000m std 6000m optional) Manipulators 1x5 function 1x7 function Umbilical Kevlar armored Deployment method Free flying latch Launch method Ship’s crane Total deck weight 18 tons (ROV, Winch, Control Container and Workshop) Optional LARS Power requirements Control Container input 230VAC , 12kW (32A) , 3-phase Workshop Container input 230VAC , 16A , 3-phase ROV Power input 440V/3300VAC , 50kW , 3-phase Thrusters 7 x 5,5kW, 4 Horizontal and 3 vertical HPU manips 6kW HPU input (optional) 440V/3300VAC , 20kW , 3-phase Performance Bollard pull fwd 370kg lat 250kg vert 300kg Speed fwd 3kn vert 2kn

Bathysaurus XL52 ROV (3000msw rated) Surface controls Control Container 20” foot container (4 tons) Power distribution panel Fitted LIMS for Power safety Control Console Integrated joysticks in pilot chair Integrated touch screen in chair 19” inch rack Options Video overlay 2 x DVD Recorders   Workshop Container 10” foot container (4 tons) LARS with TMS and Umbilical Winch Winch power input 440VAC , 45kW , 3-phase Dimensions 5,35 x 2,9 x 5,68 LxWxH Weight 12,6 tons included umbilical Rating No zone Slipring Prizm , 7 fiber pass Lift winch Capacity 2300m of 24,4mm umbilical TMS Capacity 400m Tether   General Dimensions: Length 2,1m Width 1,6m Height 1,6m Weight 1500kg (3000msw version) Payload 195kg Frame Aluminum tube T6082 Electronic Pods Titanium grade 5 Connectors Titanium grade 5 Buoyancy Syntactic foam (3000m std 6000m optional) Camera HDTV Camera Manipulators 1x5 function 1x7 function Umbilical Kevlar armored Deployment method Free flying latch Launch method Ship’s crane Total deck weight 22 tons (ROV, LARS, Control Container and Workshop) Power requirements Control Container input 230VAC , 12kW (32A) , 3-phase Workshop Container input 230VAC , 16A , 3-phase ROV Power input 440V/3300VAC , 50kW , 3-phase Thrusters 7 x 5,5kW, 4 Horizontal and 3 vertical HPU manips 6kW HPU input (optional) 440V/3300VAC , 20kW , 3-phase Performance Bollard pull fwd 370kg lat 250kg vert 300kg Speed fwd 3kn vert 2kn

Hydraulic Water Jet System ARGUS Remote Systems Tooling Rental Pool Zip Pump For use in connection with suction anchor or seabed cleaning Water Jet System 5,5 kW electric Water Jet system Hydraulic Water Jet System Bennex Neron Water Jet system

ROV Mounted Trenching Sword: ARGUS Remote Systems Tooling Rental Pool Brush Tool: Hydraulic brush tool ROV Mounted Trenching Sword: Light Trenching tool for trenching small amounts of cables Wire and Cable Cutter: 36mm Wire cutter and rope cutter Cutting Saw: 140mm Cutting saw for power cables

ARGUS Remote Systems Tooling Rental Pool Drill Tool: Magnetic drill tool Core sampler tool: 40mm Core sampler drill tool Suction anchor: 300mm dia suction anchor Suction dredge: Suction dredge for removal of mud

Argus Remote Systems as Track Record Argus Survey as Summary

Argus Remote Systems track record

Tie-in to Ula field In 1995 Argus Remote Systems performed Tie-in and touch down monitring of communication cable to Ula field in the North Sea together with Nexans onboard CS Skagerrak for BP.

World’s first remote operated oil removal In 1996 Argus Remote System performed the world’s first remote operated oil removal of the sunken ferry ”Estonia” in the Baltic sea, for the Finish Environmetal Department together with Framo. Even removal of oil from double bottom tanks. This was done by using a small ROV as a Work ROV.

Dive and Drill support From 2000 and present (2009) Argus Remote Systems has performed Dive support and Drill support together with Mohn Drilling in south Argentina onboard Skandi Patagonia for Total.

Cable Repair In 2001 Argus Remote Systems performed a cable repair of a Power cable in Skagerrak on 230m depth together with Nexans onboard CS Skagerrak for Statnett. Locate the cable with TSS, dig it visible, cutting the cable, recover both ends to the ship and burried the cable after deplying it to the seabed.

High quality Video survey and Sampling From 2004 and present (2010) Argus Remote Systems has performed High quality Video Survey and Sampling with ROV on the Mid Atlantic Ridge onboard G. O. SARS annualy for the Institute of Marine Research and the University in Bergen, down to 3400m depth. Video Survey is done by High Definition Video 1080i.

Multibeam survey In 2005 Argus Remote Systems performed Multibeam Survey on 1500m depth west of Ireland onboard Celtic Explorer for the Natioal University in Ireland, Galway.

Cap track – The Gibraltar project 2005 - Background Key facts The Captrack was developed by Argus/Nexans to lay a power cable between Spain and Morocco The Cable Guider increased the window of operation, as conventional systems would have problems with the high currents in Gibraltar Despite currents of over 5 Knots the job was completed without major problems The cable was laid in 48 hours including a “as laid survey” at the same time The client could be confident that the job was preformed according to high standards, and it was the first time they could have it documented Currents ~5 knots Distance: 30 km Depths: 550 m Completed in 48 hours

Seismic nodes pick up In 2005-2007 ARS performed seismic nodes pick up in Malaysia down to 2300m depth for EMGS. 2 years onboard Atlantic Guardian.

Suction anchor and Chain installation In 2006 Argus Remote System installed suction anchor in the North Sea onboard Normand Master together with Sealantic for ENI at 1200m depth.

Gravimetry Meassurement In 2006 and 2007 Argus Remote System performed Gravimetry meassurements together with Scripps onboard Geograph and Birkeland in the North Sea for Statoil.

TDM and Cable Repair In 2007 Argus Remote System performed TDM and Cable Repair at Dolphin Project (Quatar) together with Nexans onboard ”Team Oman”.

Chain inspection of ”Balder” From 2007 to 2009 Argus Remote Systems has performed a yearly anchor chain inspection for ExxonMobil in the North Sea with an Argus Rover. Vehicle equipped with HD(1080i) Video camera in 2009.

High quality Video survey In 2007 Argus Remote Systems performed High quality Video survey of the sunken ship Prestige onboard Siem Danis at 3850m depth, together with Fugro for the Spanish government.

TSS Survey In 2008 Argus Remote System performed a TSS survey in the Mediterrainian onboard Skandi Inspektor for Fugro at 2300m depth.

Route clearance In 2009 Argus Remote Systems performed a route clearance onboard Libas in the North Sea for BP. Removal of debris and burried cables. Cables where found with TSS, digged visable, cut them and recovered to surface.

Electro magnetic Source-Project 2008-2009 0 - 100kHz 300m Depth capacity 3000msw option 300A capacity Efficiency equal to 1000A existing on the market

Argus Remote Systems as Track Record Argus Survey as Summary

ARGUS Survey Overview Argus Survey Company Structure Established in January 2009 to complement the growing success of Argus Remote Systems Will complement ARS operations as well as operating independently within the survey markets Extensive equipment pool for in-house operation and external rental including two inshore survey vessels Experienced personnel with a common goal – to be the very best in its field

Several Surveys Completed Selected Survey Projects (undertaken by ARGUS Remote Systems as) 2004 Survey of cable route for Nexans at Smøla 2006 Survey of trenching depth of cables in Gibraltar 2006 Cable route survey from Narvik to Trondheim 2007 100km cable survey with TSS, Statnett, Norway 2007 Sub-bottom survey, mapping pollution, Drammen, Norway 2008 Multibeam survey of 35km2 for offshore windfarm, Norway 2008 Side Scan Survey of 100km2 seafloor, Northern Tunisia 2008 Touch down monitoring and Survey of burial depth in New York for Nexans with Multibeam and TSS 2008 Multibeam route survey with “Captrack”, Hainan/China 2009 Multibeam Survey, Mongstad Oil Refinery, Norway 2009 Multibeam and geophysical survey for StatNett in Kristiansand 2009 Pre-lay Survey & Route Preparation for Nexans in support of the Valhall Re-Development Project 2010 Pre-lay Survey & Route Preparation for Nexans in support of the Valhall Re-Development Project

Why Argus Survey AS? What Argus Survey AS can offer:

Why Argus Survey AS? What Argus Survey AS can offer: An extensive equipment pool, including: the latest in Multibeam Echosounder Technology the latest in Sub Bottom Profiler technology equipment for use across the survey spectrum

Survey Equipment Pool – Hydrographic Hardware EM3002 Multibeam Sonar System EM 3002 Multibeam Sonar System - Dual Head Option Reson SeaBat 7125 HPR 418 Portable Hydroacoustic Positioning Edge Tech 4200 Side Scan Sonar system

Survey Equipment Pool – Hydrographic Hardware Kongsberg Seatex Seapath (MRU Pictured) IXSEA Octans FOG Gyro/ater: HAIN INS system DVL RDI Workhorse Navigator Doppler log TSS350 Cable Tracker TSS440 Pipe Tracker

Survey Equipment Pool – Hydrographic Hardware Marine magnetic Magnetometer SES96 standard system Sub bottom profiler SAIV Water Level Sensor & CTD Profilers Sonardyne FUSION USBL System

Why Argus Survey AS? What Argus Survey AS can offer: An extensive equipment pool, including: the latest in Multibeam Echosounder Technology the latest in Sub Bottom Profiler technology equipment for use across the survey spectrum

Why Argus Survey AS? What Argus Survey AS can offer: An extensive equipment pool, including: the latest in Multibeam Echosounder Technology the latest in Sub Bottom Profiler technology equipment for use across the survey spectrum A selection of inshore vessels for use, including: the Vita and the Kongsberg-Simrad Concat

Survey Vessels Concat Catamaran Offered services ROV Survey Singlebeam echosounder Multibeam echosounder Sub Bottom Profiler Side Scan Sonar Marine Magnetometer SubSea Cable Tracking Gravity corer Vibro corer Grab sampler Water jet probing Soil Samples Fully equipped survey vessel designed to operate in protected waters. High-resolution, multi/ single beam echo sounders and sidescan sonar are well suited for shallow water seabed surveys. ConCat can operate where other vessels normally dare not navigate and may be stowed in a standard container for economical storage or shipment world-wide. ConCat Specifcations: Length 9.40m Width 3.70m Draft 0.45m Weight 4.8MT Speed(max) 18 knots Main engines (two) 164 Hp (each) Gearbox Alamarin 230 Water jets (two) Hurt HSW450D

Why Argus Survey AS? What Argus Survey AS can offer: An extensive equipment pool, including: the latest in Multibeam Echosounder Technology the latest in Sub Bottom Profiler technology equipment for use across the survey spectrum A selection of inshore vessels for use, including: the Vita and the Kongsberg-Simrad Concat

Why Argus Survey AS? What Argus Survey AS can offer: An extensive equipment pool, including: the latest in Multibeam Echosounder Technology the latest in Sub Bottom Profiler technology equipment for use across the survey spectrum A selection of inshore vessels for use, including: the Vita and the Kongsberg-Simrad Concat An enthusiastic group of individuals, including: Halvor Mohn – Over 10 years inshore survey experience Henrik Halvorsen - 10 years with FFI and Kongsberg Bjørn Tore Dalva – over 10 years offshore survey/positioning experience

Why Argus Survey AS? What Argus Survey AS can offer: An extensive equipment pool, including: the latest in Multibeam Echosounder Technology the latest in Sub Bottom Profiler technology equipment for use across the survey spectrum A selection of inshore vessels for use, including: the Vita and the Kongsberg-Simrad Concat An enthusiastic group of individuals, including: Halvor Mohn – Over 10 years inshore survey experience Henrik Halvorsen - 10 years with FFI and Kongsberg Bjørn Tore Dalva – over 10 years offshore survey/positioning experience A desire to be the very best in its field in the acquisition, processing and delivery of survey data

Argus Remote Systems as Track Record Argus Survey as Summary

ARGUS Remote Systems Multi skilled personnel driving innovation and delivering high quality services Engineering experience for designing and building all types of sub-sea equipment Operational experience in deep waters and extreme environments Versatile technology platform and operational experience incorporating 20 years of R&D Innovative producer Skilled operator World class ROVs and equipment Light-weight electrical ROVs suitable for deep water operations Outstanding cable guider for all types of cable projects – suitable for 4C seismic Several high margin components are under development Argus Survey as Established in January 2009 to complement the growing success of ARS Extensive pool of survey equipment for in-house use and external rental Intent on surpassing expectations in the acquisition, processing and delivery of survey data using a solid inshore customer base to expand into offshore markets

ARGUS Remote Systems as Thank you