1. Presentation Contents 1.Company structure 2.The Sevan technology 3.FPSO Sevan Piranema 4.FPSO Sevan Hummingbird 5.FPSO Sevan Voyageur 6.FPSO for ENI Goliat field 7.Sevan Driller No 1 8.FLNG 9.GTW (Gas To Wire) 10.Sevan bridge linked WHPIce Hull 11.Sevan Ice Hull

2. Company structure Sevan Marine ASA Kanfa AS Sevan Drilling Sevan Production AS 100% 80% 100% Sevan Production Services Pte Ltd Sevan Pte Ltd Singapore 100% Sevan TBN Pte Ltd. Kanfa TEC Kanfa Aragon Mator 100% Sevan Marine do Brasil Ltda

3. FAU Floating Accomodation Unit The Sevan Platform - the versatile ttechnology - FDPSO Floating Drilling Production Storage Offloading MSV Multipurpose Support Vessel FPSO Floating Production Storage Offloading GTW Gas To Wire (Offshore powerplant) MODU Mobile Offshore Drilling Unit FLNG Floating Liquefied Natural Gas production

4. FPSO Sevan Piranema In operation since October 2007 Field operator: Petrobras Contract type: Build own and operate FPSO operator: Sevan Marine Location: Offshore Aracaju Water depth: 1000m Oil processing: 30 000 bod Gas processing/ injection:3.6 mill Sm 3 /day - 130 mill scfd @ 280 bar

5. FPSO Sevan Hummingbird In production since September 2008 at Venture Production Operated Chestnut field UK CNS Field operator: Venture Production Contract type: Build own and operate FPSO operator: Sevan Marine Location: UK Central North Sea Water depth: 120m Hull size: Sevan300 Oil processing: 20 000 bod Water injection:20 000 bwd Liquid combined:30 000 bld Retrofit of gas compression studied for future field.

6. FPSO Sevan Voyageur at the Premier Oil operated Shelley field First offloading September 2009 Field operator: Premier Oil Contract type: Build own and operate FPSO operator: Sevan Marine Location: UK Central North Sea Water depth: 120m Hull size: Sevan300 Oil processing: 20 000 bod Water injection:20 000 bwd Liquid combined:30 000 bld Power for two ESPs Retrofit of gas compression studied for future field.

7. FPSO Sevan 1000 for the ENI operated Goliat Field Field operator: ENI Norge Contract type: Technology licensing FPSO owner: Goliat license Location: Norwegian Barents Sea Water depth: 400m Hull size: Sevan1000 Total liquid processing: 110 000 bbl/day Oil stabilization and desalination 110 000 bbl/day Produced water re-injection: 75 000 bbl/day Sea water injection: 125 000 bbl/day Rich wet gas processing: 140 MM Scfd Power from shore: 60 MW (HVAC)

8. Winterization Protection of personell (and equipment) against wind, low temperatures, rain, sleat, hail, snow and icing Areas not exposed to hydrocarbons will be 100% enclosed. Process areas will have weather tight roof and perforated walls to ensure ventilation Large benfits to working environment; weather protection, heated work areas and safer material handling

9. Sevan Driller No:1 Naming ceremony COSCO yard, Qidong, China August 2009 Contracted by Petrobras Sevan Driller No:2 contracted by ONGC Sevan Driller No:3 contracted by Petrobras

10. FLNG application Simplified tank system More deck space for process and liquefaction system No requirement for swiveling of cooling water Condensate Tanks Ballast Tanks LPG/LNG Tank LNG Tanks Chain Lockers Hold Space LNG storage (6 tanks):180 000 m 3 LPG storage (1 tank):30 000 m 3 Condensate storage (6 tanks):28 000 m 3 Ballast tanks (24 tanks):87 000 m 3

11. Floating powerplant applications Onboard Co2 capture and compression plant feasible

12. Elevations FPSO with dry tree completions Bridge-link to wellhead platform at moderate waterdepths

13. Concept Description - Sevan FPU-ICE

14. Thank you