1. 1 www.xodusgroup.com 1 Xcelerate Presenter / date if required

2. 2 Your Developments Xcelerate Xcelerate can help meet these business challenges through: >A structured work process >Focused effort of an experienced team >Use of project analogues / benchmarks >Suite of cost / economic, risk and decision tools >Collaboration Undeveloped value need to realise faster? Multiple opportunities which to prioritise? Limited access to experienced resources but can a third party deliver? Internal gate system how to satisfy?

3. 3 Conventional Development Process Xcelerate Frame SOW / bid Study Economics / decision analysis Decision gate Prelim/Concept Total Pre-project SelectDefineExecuteOperate Xodus Appraise 6 months 6-9 months18+ months Basic EngineeringDetailed EngineeringField Operations >Process oriented? >Linear schedule? >Collaborative? >Applied uniformly – regardless of size, location, opportunity? >Word heavy? Upstream oil and gas industry project development stages:

4. 4 Development Process Xcelerate 1.Simple SOW – with time this becomes standardised 2.Pre-frame planning – get the right people involved for the type of opportunity 3.Framing workshop – many conventional elements >Base line >Business objectives >Decision criteria >Identify – brainstorm >Coarse screen – dump the trash on technical / commercial / risk 4.Post workshop screening / documentation >Screen – technical / risk / costs >Report – summary report Day 1 Day 2 2 Weeks

5. 5 Xcelerate Conventional Development Process Prelim/Concept Total Xodus Upstream oil and gas industry project development stages: Appraise 6 months 6-9 months18+ months Prelim/Concept Appraise 3 months6 months6-9 months18+ months SelectDefineExecuteOperate Pre-projectBasic EngineeringDetailed EngineeringField Operations Xodus Development Process 3 months acceleration >Integrated approach >Industry expertise >~3 month schedule acceleration >Word light >Cheaper SOW Frame Quantify / qualify Challenge Economics / decision analysis Decision gate

6. 6 >Known geology >Post appraisal well / test >Low risk >Proven technology solutions / procurement >Schedule value driver Examples >Tiebacks to own or shared infrastructure >Third party production to own infrastructure >Second tier asset review Xcelerate When To Use

7. 7 >Poor subsurface definition >Particular technical challenges >Unique technology solutions / development required >Slow partners cannot keep up or not aligned However, even with the above… you can still use Xcelerate to quickly understand development issues without doing a long / expensive study Xcelerate When Not To Use

8. 8 www.xodusgroup.com 8 Thank you