1. © Siemens AG 2011. All rights reserved European Arctic Oil & Gas: Experiences and Development Technological aspect of working in Arctic conditions Brussels, 6th March 2012 © Siemens AG 2012. All rights reserved Henrik Steine Madsen Siemens Subsea Systems

2. © Siemens AG 2012. All rights reserved Henrik Steine Madsen, Simens Subsea Systems March 2012Page 2 Subsea developments moving further into the Arctic What changes for the Arctic?  The distance.  The availability.  The effects of failure. 200 km 600 km Coastline * Illustration courtesy of Statoil

3. © Siemens AG 2012. All rights reserved Henrik Steine Madsen, Simens Subsea Systems March 2012Page 3 Unlocking the Arctic resources - Subsea Power Grid  Provide the infrastructure for energy and communication.  Local energy supply at the seafloor.  Enable processing of the fluids and transport to beach.

4. © Siemens AG 2012. All rights reserved Henrik Steine Madsen, Simens Subsea Systems March 2012Page 4 Environmental monitoring In order to manage it, you have to measure it…  Surveillance of pre-activity baseline  Surveillance during operations  Surveillance after decommissioning

5. © Siemens AG 2012. All rights reserved Henrik Steine Madsen, Simens Subsea Systems March 2012Page 5 Permanent reservoir monitoring Surveillance of the reservoir integrity.  Provide time lapse data  Microseismic activity  Automatic fault detection From towed to seabed and from rarely to continuous.

6. © Siemens AG 2012. All rights reserved Henrik Steine Madsen, Simens Subsea Systems March 2012Page 6 Can we further develop the Arctic in line with our values? Our values Responsible Committed to ethical and responsible actions Innovative Excellent Achieving high performance and excellent results Being innovative to create sustainable value Thank you for the attention!