Quest Offshore Product Catalog. Your Leading Source for Strategic Offshore Oil & Gas Market Intelligence. Clarity. Insight. Vision.

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1 Clarity. Insight. Vision. Quest Offshore Product Catalog Your Leading Source for Strategic Offshore Oil & Gas Market Intelligence 215 Quest Offshore Resources, Inc.

2 About Quest Offshore Resources Who we are Quest is a boutique strategic advisory and consulting firm to the Oil & Gas industry worldwide. Quest is a leading source of market intelligence focused primarily on deepwater oil & gas specifically technology-led solutions for exploration, development and exploitation activities. Our mission Through a dedicated team of sector specialists that focus on qualitative and quantitative data, Quest provides market expertise, strategic analysis, marketing communication and consultancy services. Our clients All major participants in the deepwater oil and gas market utilize our strategic market intelligence products and services. International, National and Independent oil companies subscribe to Quest data and services to better understand market conditions and supply chain dynamics when making key decisions for their offshore developments. Over Quest Quick Contacts Executive - Parnters John Chadderdon, CEO Paul Hillegeist, President & COO Research, Data & Consulting Paul Hillegeist, President & COO Caitlin Shaw, Sr. Director Market Research, Data Division Sean Shafer, Manager of Consulting Josh Douglas, Sales Manager Sales & Advertising Josh Douglas, Sales Manager Bo Howard, Sr. Sales Manager - Conferences & Advertising News Publication Paul Hillegeist, President & COO Dave Thomas, Sr Editor Conferences John Chadderdon, CEO Elena Parsons, Event Director Allison Tonkin, Marketing Manager Bo Howard, Sr. Sales Manager - Exhibition & Sponsorships Caitlin Shaw, Director of Technical Content address is firstname.lastname@questoffshore.com 6 leading oilfield service companies rely on Quest s market forecasts to provide insight into future business opportunities. Over 5 global financial services companies subscribe to Quest data and market reports as another important tool when following key deepwater market segments for investment opportunities. What we do Research & Consulting: Quest Offshore is a leading provider of strategic market intelligence to the global oil & gas community through subscriptions to our proprietary market forecast databases in addition to client-directed initiatives to provide our expert industry advice to enhance our customers business strategies. Industry Events: MCE Deepwater Development is Quest s major industry event which travels between major European cities each spring attracting senior executives and strategic decision makers from the leading companies participating in the deepwater market to discuss the opportunites and challenges of meeting future energy demand in tandem with advanced technology solutions. Quest s industry events feature the Early Career Engineer Program which provides new engineers in our industry a meaningful platform from which to discuss the technologies they re working on to overcome some of today s toughest challenges. Traditional Publishing: Quest offers one weekly and two monthly newsletters covering global, regional and market-specific activity. All available newsletters include articles detailing major contract awards, corporate activity and high-profile market events. Maps: Quest s leading knowledge of the global deepwater market led us to produce our popular series of regional wall maps. Quest s highly recognizable deepwater maps feature pertinent forecast field development projects and major exploration prospects. Quest maps provide an illustrative visual of subsea, floating production and pipeline infrastructure. Table of Contents Quest Data Subscriptions... 3 Quest Data Product Offerings Quest Consulting & Capabilities... 4 Quest Events & Maps Quest Market Forecast Methodology

3 Quest Data Subscriptions Quest Offshore offers a full suite of database subscriptions tailored to the major market segments for offshore oil and gas. Quest provides comprehensive market analysis and forecasting of key trends coupled with full transparency of working data and pertinent models, as well as downloads of the market-specific databases to maximize usability by our clients. Quest Data Subscription Products stem from the Quest Enhanced Deepwater Development Database where our team tracks deepwater exploration and development opportunities globally. We follow development opportunities from the pre-exploration stage and continue tracking through discovery, engineering, procurement, installation & startup through to decommissioning. Key data including operators and working interest owners, location, water depth, milestone timing and scope of project are updated and modeled on a continual basis to provide the most up-to-date information possible. Quest applies proprietary forecasting methodologies as well as our expert market knowledge to this project-level data to provide historical and forecast trends on key project milestones, including award, installation and startup activity for major offshore equipment and services. Extensive working files are provided to our clients containing all data driving the graphs seen in the market overview. With the working files, our clients can extrapolate figures to apply to internal models or company presentations. Quest offers great flexibility to our clients with respect to your subscription. If one product does not fully answer your market intelligence questions, we can bring in components of other databases to provide the most valuable solution for your company. 3

4 ($billions) Historical Projected Operating Expenditures $16.7 $17.2 $17.7 $21.6 $25. $25.7 Capital Expenditures $11.9 $9.7 $6.5 $8.9 $1.4 $15.7 Total Employment 36,87 285,42 242, ,23 356, ,28 *Projected spending, GDP, and employment contingent on returning to pre-macondo permitting rates.. Historical i Projected Quest Consulting Services Quest Consulting Services & Experience Quest is a leading source for valuable, client-directed consulting products and expertise that enables companies to make well-informed decisions across the offshore oil and gas industry. Quest Offshore s Consultancy Practice has grown considerably as an extension of our comprehensive market analysis, accurate forecasting and industry expertise honed through our subscription products. Utilizing the Quest Enhanced Deepwater Development Database, in combination with our global network of key industry contacts, Quest maintains the flexibility to speak to a wide variety of questions and requirements through a client-driven consulting process aimed at providing accurate and concise results in a format best fitting the customer s needs. United States Gulf of Mexico Oil and Natural Gas Industry Economic Impact Analysis The Economic Impacts of GOM Oil and Natural Gas Development on the U.S. Economy Prepared by: Clients engage Quest s Consultancy Practice from all business areas involved in deepwater oil and gas including oil companies, financial firms, engineering firms, key manufacturers and industrial conglomerates, trade groups, and law firms. Our clients contact Quest as they: branch-out into new areas of the market; further analyze the competitive landscape; gain knowledge of the current and future pricing environment; expand upon a market trend illustrated in a current subscription product, or otherwise utilize the data and expertise of Quest. Sampling of Quest Consultancy Deliverables Major International Oil Companies Independent Oil Companies OEM and Equipment Suppliers Marine Construction Contractors FPS Contractors Major Fabricators Financial Clients Industry Lobby Groups Large Steel Suppliers Key Findings generate tax revenues at all levels of This report has documented the decline in government if the government pursues capital expenditures and operational Quest Offshore Resources, Inc. Prepared for: a balanced regulatory approach that spending of the GoM offshore oil and 16 Highway 6, Suite 3 American Petroleum Institute (API) allows for the timely development of the natural gas industry that occurred over the Sugar Land, TX National Ocean Industries Association (NOIA) backlog of GoM projects in an 28 to 21 period. The principal reasons June 211 environmentally responsible manner. for this decline include the economic Under such government policy, we recession in 28-9 and the establishment estimate total spending by the GoM of a moratorium on deepwater drilling and offshore oil and natural gas industry to subsequent slowdown of permit issuance in increase by over 7 percent by 213 both GoM deep and shallow waters in 21 from 21 levels, and capital and into 211. We estimate that tens of expenditures to increase by over 14 thousands of jobs have been lost in percent. If potential spending levels are response to the decline in capital reached, total employment supported by expenditures and operational spending of the Gulf of Mexico oil and natural gas the offshore GoM oil and natural gas Table 8: Estimated Historical and Projected Gulf of Mexico Oil and Natural Gas Industry industry in 213 could exceed 43 industry over this period. Domestic Spending Trends by Detailed Spending Type* thousand jobs or a 77 percent increase from 21. Capital Expenditures (Billions) We also demonstrate the near term potential of the offshore GoM oil and natural Deepwater Deepwater gas industry to create jobs, boost GDP and G&G $.1 $.1 $.1 $.1 $.1 $.1 Drilling $2.6 $3.5 $1.8 $2.6 $3.5 $4.8 Table 1: Estimated Historical and Projected Capital Facilities $. $. $1.2 $1.9 $.8 $1.9 and Operational Spending, GDP Impacts, and Employment 1 SURF $3. $2.9 $1.3 $1.3 $1.9 $2.9 Supported by the Offshore Gulf of Mexico Oil and Natural Gas Total Deepwater $5.8 $6.5 $4.3 $5.9 $6.3 $9.8 Industry (28-213)* Shallow Water Shallow Water G&G $.1 $.1 $.1 $.1 $.1 $.1 Drilling $4. $2.4 $1.6 $1.3 $2.5 $4.3 Facilities $1.1 $.4 $.4 $1.4 $1.3 $1.3 SURF $.8 $.2 $.1 $.4 $.3 $.3 GDP Impacts $3.8 $29.1 $26.1 $32.9 $38.2 $44.5 Total Shallow Water $6.1 $3.2 $2.2 $3.1 $4.1 $5.9 Total CAPEX $11.9 $9.7 $6.5 $8.9 $1.4 $15.7 Operating Expenditures (Billions) Deepwater Deepwater Total Deepwater $5.8 $6.2 $6.7 $8.5 $9.9 $1.3 Shallow Water Shallow Water Total Shallow Water $1.9 $11. $11.1 $13.1 $15.1 $15.4 Total OPEX $16.7 $17.2 $17.7 $21.6 $25. $25.8 Total Spend $28.5 $26.9 $24.2 $3.5 $35.4 $41.5 * Projected spending contingent on returning to pre-macondo permitting rates. Source: Quest Offshore Resources, Inc. Gulf of Mexico Field Development Study FPS Fabrication Yard Report Source: Quest Offshore Resources, Inc. Subsea Equipment Pricing Study 1 Total employment includes direct, indirect, and income induced employment. Deepwater Equipment Cost Indices Analysis of Current and Future Subsea Processing Applications Forecast Marine Construction Asset Day Rate Model FPS Hull and Topside Cost Analysis Analytics and Forecast of Deepwater Supply Chain Multi-Project Component and Total Cost / Reserve Analysis Production Assets Acquisition Analysis FPS Replacement Cost Valuation Analysis Comprehensive Project Development Strategy Review Targeted Drilling Rig Equipment Market Sizing Analysis of Industry Decision Centers Related to Forecast Demand Global Competitive Analysis Report on the Market for Steel Tubes in Umbilicals Strategic Acquisition Target Identification Global SURF Installation Spending Report Subsea Equipment Trends Study / Business Plan Support Newbuild Vessel Cost Analysis Marine Construction Vessel Valuation Global FPS Market Study with an Emphasis on FPSOs Report on the Market for FPS Moorings Global Market Study for Novel FPS Design Government Required Cost Benefit Analysis Due Diligence Support for New Fabrication Yard Comprehensive Investor Briefing & Market Report for Buy Side Investment Firm Newbuild Pipelay/Construction Valuation and Market Study for Private Equity Investor Detailed Supply & Demand Analysis for SURF Components for Private Equity Investor Comprehensive Analysis of Market Opportunities for Niche Player for Private Equity Investor Market Due Diligence for IPO of Marine Construction Company Market Due Diligence for Debt Financing Company Market Due Diligence for Private Equity Investment in Spin Off of Oil & Gas Contractor Division Analysis of Economic Impact of Offshore Industry Regulatory Impact Analysis Regulatory Expert Testimony Large Diameter Pipeline Competitor Analysis Region-specific Analysis of Deep and Ultra Deepwater Steel Demand Detailed Global SURF Project CAPEX Analysis GoM OCTG Market Analysis and Strategy From 29-21, overall spending (both deep and shallow water) fell by 1 percent. The most affected sector was the drilling sector, which saw a 41 percent decrease in spending during the period as deepwater drilling all but halted for two quarters of the year due to the moratorium and shallow water drilling significantly declined due to the extreme slowing of drilling permit issuances. The drilling sector is also expected to see the most significant growth in spending if a return to historical conditions occurs, with drilling spending in 213 expected to rise 165 percent from 21 levels to $9.1 billion. Facilities spending is also expected to see significant growth from 21 to 213, with spending expected to be up by 113 percent over 28 levels reaching $3.2 billion. For this particular category, 21 spending was 26 4

5 214 Quest Offshore Resources, Inc. 214 Quest Offshore Resources, Inc. Quest Consulting Capabilities Custom Data Analysis In addition to Quest s database subscriptions of the offshore market, Quest s consulting division also completes custom queries and analysis based on data from the Quest Enhanced Deepwater Development Database to answer specific client questions and provide detailed project information on an ad-hoc basis. Data analysis queries range from identifying specific projects based on clientsupplied parameters to enhance business development efforts to extrapolating Quest s forecasts to develop an opportunity forecast for specific equipment, services, regions or optimal timeframe. Web-enabled clientdirected interaction with shipyard fabrication data to produce and save custom data tables and graphs. Industry Expert Services Quest Offshore s expert analysts are available to provide consultations, testimony and presentations to interested parties on both an hourly and contract basis. Services can range from providing a general market overview presentation at your next board meeting, to discussing a business opportunity or transaction with a team of analysts on an hourly basis over the phone, to providing research, depositions, and in court testimony to support litigation. Quest s team of executives, managers, and experienced industry analysts are available to provide their expertise for a variety of client needs. Advisory Services Quest s consulting division also provides advisory services to a variety of financial institutions, including private equity hedge funds, insurance companies, financial analysts as well as operators and contractors to support financial transactions. These services range from market due diligence, to target identification, as well as merger and acquisition and transaction support. Quest s consulting division also prepares customized investor briefing materials on specific parts of the offshore industry based on Quest s technical expertise. Client Directed Market Reports For clients searching for in-depth information and analysis on specific markets segments, Quest can provide customized market studies addressing supply and demand dynamics, the markets competitive landscape as well as project and technology trends. Companies entering new markets, refocusing business development initiatives, and other strategic initiatives led by the C-Suite, utilize Quest s detailed market analysis reports and white papers to make informed, data-driven decisions. As independent experts, Quest can provide their views on a specific market or project based on Quest s proprietary data and expertise to supplement clients internal data and analysis. Quest s delivers reports that are concise, accurate, and informative, with a focus on excellent visual representations of market trends and data. Specialty Studies Using Quest s data and expertise as well as advanced statistical methods, Quest is able to complete comprehensive reports on a variety of subjects. Quest has completed a number of studies on regulatory effects on the offshore oil and natural gas industry as well as the economic impacts. Quest also provides project specific reports to assist operators and contractors in understanding the implications of project developments and facilities expansions both for public and government agency consumption. 1 Macro Trends & Drivers Macroeconomic & Energy Outlook Spending Trends International E&P Spending Outlook Offshore Capex / Spending Models Oil and Gas Development Trends Water Depth Trends in the Offshore Oil and Gas Industry High Pressure and High Temperature Trends The Shale Transformation Regional Trends North America South America Prepared for The North Sea, Arctic and Europe Africa Asia, Australia and the Indian Subcontinent Major Steel-tube Supplier 1.5 Operator Trends Subsea Production Umbilicals Steel & Thermoplastic by Umbilical Manufacturers & Product Mix Steel Tube Umbilical Manufacturers & Market Share Global Steel Tube Umbilical Forecast & Outlook Regional Steel Tube Umbilical Forecasts & Dynamics Steel Tube Demand Regional Steel Tube Demand Graphs Oil & Gas Price Trends Umbilical Manufacturers Aker Solutions Nexans Oceaneering Parker Technip Global Steel Tube Deliveries by Diameter (KM) 2 The Subsea Production Umbilical and Steel Tube Market Global Steel Tube Deliveries by Diameter (KM) KM of Steel Tube 18, 16, 14, 12, 1, 8, 6, 4, 2, Delivery Year >.75" Tube Km.75" Tube Km KM of Steel Tube 18, 16, 14, 12, 1, 8, 6, 4, 2, Delivery Year >.75" Tube Km.75" Tube Km 5

6 Enhanced Deepwater Development Database Quest Offshore s Enhanced Deepwater Development Database catalogs over 15 unique pieces of supply chain data for almost 3, offshore oil and gas projects. With over 5 years of historical data available, Quest benchmarks project trends to forecast new developments from the time a discovery is made. Quest utilizes our extensive network of key members of the deepwater community, as well as vigilant research of high-level external sources to provide leading edge, marketspecific forecasts critical for all companies focused on the deepwater market. Quest s detailed coverage of deepwater exploration ensures early awareness of future deepwater opportunities. Quest data deliverables are geared towards empowering the end-user by providing comprehensive market overviews to illustrate strategic market trends and then providing significant transparency to subsequent working files and finally to the projects driving a particular forecast. Much of Quest s forecasting methodology, at the project level, is available for client s to reference and adjust based on market drivers unique to that company s business strategies. Quest provides support from the team of market analysts to answer client inquiries and provide further clarification. Lease/Licensing Explora<on Discoveries Under Development Execu<on, Startup & Life of Field Who? Operator, WI Owner Who? Engineering Contractors, Mfg & Installa<on Bidders Who? EPC Contractors, Mfg/ Suppliers/Fabricators, Installa<ons Contractors Where? Country, Block, Water Depth Where? Fabrica<on Loca<ons, Supply Bases What? Expl/Appr, Status, TDs, Drilling Rig What? Forecast # SS Trees, Flowlines, SPU, FPS When? Spud Date, Discovery Date When? Forecast Bid, Award, Installa<on and Startup Dates Ongoing Communica<on/Research to Refine Scope and Timing of Project What? Volume, Value, Type of all major SS & FPS Equipment When? Delivery Dates, Installa<on Dates, Startup & Decomm Dates Infield Water Depth Startup Subsea Project No of Infield Infield FL Infield Flowline Total SPU SPU FPS Contractor FPS Type Mooring Operator Partner 1 Partner 2 Project Name Province # SS Trees Flowline # SPU Mtr Yr Status Flowlines Length KM Ext Diameter KM Material (EPC) Type Material Woodside Petroleum bp Royal Dutch/Shell BROWSE FLNG WA- 32- R Australia Conceptual Rigid steel 1 5 Steel FLNG ATLANTIS/ATLANTIS SOUTH GC699/GC7/GC742/GC743/GC744 GOM- US Flowing Rigid steel 1 21 Steel FPS- Semi bp BHP Billiton Daewoo Shipbuilding Spread/Wire Chain Royal Dutch/Shell ONGC Petrobras PARQUE DAS CONCHAS BC- 1 PHS 3 (MASSA, ARGONAUTA Brazil O- SOUTH) Pending/Construction Rigid steel 1 27 Steel N/A N/A N/A BASIN Australia (BREWSTER) Pending/Construction Rigid steel 2 63 Steel Duplex FPS- Semi SAMSUNG Spread/Wire INPEX Total Osaka Gas ICHTHYS WA P, MIMIA WA P BROWSE Super Chain bp Total KESSOG 3/1c N Sea, UK Conceptual Rigid steel 1 2 Steel N/A N/A N/A Flexible, Rigid 3 19 Steel, Subsea FPSO Power Total Sonangol ExxonMobil Kaombo Phase 1: Caril, Gindungo, Canela, Gengibre, Angola Louro, and Mostarda 154 (Central 217 South Bidding East pole project BLOCK 66 32) steel, N Sea, Norway FEED Rigid steel 1 24 Steel, Subsea FPU Power Statoil Statoil Idemitsu ASTERO 35/11 Royal Dutch/Shell NEXEN Petroleum APPOMATTOX MC391/392 GOM- US FEED Rigid steel 1 35 Steel FPS- Semi Quest Floating Production System Demand (US$MM's) Africa/Medit. FPSO $ $2,325 $5,95 FPS- Semi $ $ $ Spar $ $ $ FLNG $ $ $ TLP $ $895 $93 Africa/Medit. Total $ $3,22 $6,25 Asia Pacific/Middle FPSO $1,3 $42 $1,529 East FPS- Semi $1,733 $ $ Spar $ $ $ FLNG $3,34 $1,53 $3,28 TLP $463 $ $ Asia Pacific/Middle East Total $6,541 $1,95 $4,558 North America FPSO $ $33 $764 FPS- Semi $754 $ $1,323 Spar $967 $ $ FLNG $ $ $ TLP $ $ $665,15 North America Total $1,721 $33 $2,753 Qualita<ve & Quan<ta<ve Proprietary Modeling to take Project Details to Specific Market Forecasts Quest Subsea Tree Award Forecast (Units) 211A 212A 213e 214e Africa/Medit Angola East Africa 11 Nigeria North Africa Other Transform Margin Quest Pipeline Installation Demand (KM) Region History Forecast NAM- US GoM Rigid Steel Flexible 4 Rigid Steel Flexible Rigid Steel Flexible Rigid Steel Flexible Rigid Steel Total Flexible Total Mean Case TOTAL MEAN CASE Transparent Transi<on between Working Files and Market Overview Graphs and Charts Comprehensive Project Source Data Forecasting & Market Analysis Full Transparency Between Source Data & Market Analysis 6 Proprietary Modeling & Working Files

7 Quest Floating Rig Commitments (QFRC) Global Deepwater Drilling Supply & Demand STRATEGIC VALUE Identifies total deepwater exploration, appraisal and development drilling demand Identifies total well demend deepwater exploration, appraisal and development Details global and regional floating rig supply, including existing fleet and newbuild units Illustrates gap analysis between global well demand and floating rig supply and regional implications Monthly MS Excel data set provides transparency into ongoing floating rig contract details, location of rigs and work scope. QFRC Deliverables Monthly detail of Quest Floating Rig Commitments in MS Excel Quarterly Market Overview outlining key forecast trends in MS PowerPoint QFRC Outline RIG SUPPLY Rig Owner Rig Name Rig Type Station Keeping Drilling Depth ft WD Rate FT WD CULL Year Build Transocean Discoverer Luanda Drillship dp 4 75 Ultra-deep 21 Ensco Ensco 51 Semi moored Deepwater 1998 Transocean Jack Bates Semi moored 3 54 Deepwater 1997 Vantage Drilling Platinum Explorer Drillship dp 4 1 Ultra-deep 211 Noble Drilling Noble Discoverer Drillship moored 2 2 Mid-water 1975 Transocean Deepwater Pathfinder Drillship dp 3 1 Ultra-deep 1998 Saipem Scarabeo 5 Semi dp Deepwater 199 Seadrill RIG CONTRACTS West Phoenix Semi dp 3 1 Ultra-deep 28 Transocean Contract Contract Yr Day Rate GSF Arctic I Semi moored Mid-water 1996 Operator Hemisphere Province Start End Avail ($) Dryships Leiv Eirikson Semi dp 3 1 Ultra-deep 22 bp Africa/Medit. Angola 11/1/21 1/15/ Maersk Africa/Medit. Angola Santos Asia Pacific/Middle East Australia 7/15/212 4/15/ ONGC Asia Pacific/Middle East India 1/1/211 1/1/ Royal Dutch/Shell North America Alaska 7/15/212 3/1/ Eni North America GOM-US 9/1/21 4/1/ Statoil North Sea/Arctic N Sea, Norway 9/15/22 9/1/ Total North Sea/Arctic West of Shetlands 1/8/212 1/1/ Vanco South America Brazil 213 EXPLORATION Borders & & Southern DEVELOPMENT (FOGL) WELL South SPUDS America Falkland Island 216 Quest Well Project Type ID Type Project Name Block Water Depth Mtr Project Status Parent Project 1754 D BLOCK 31 PHS 1 (NE AREA) (PSVM) Blk 31' 184 Pending/Construction Prospect 4255 E Block 23 Exploration (Kwanza Basin) Blk 23' 12 Drilling (Prospect) Prospect 156 E Crown-1 WA-274-P' 1 Drilling (Prospect) Prospect 3694 E KG Basin Exploration (ongoing) Krishna-Godavari Basin' 1 Drilling (Prospect) Prospect 33 E Burger Top-Hole ' 5 Drilling (Prospect) Prospect 3837 E Appaloosa well 3 MC46' 83 Drilling (Prospect) Parent Project 359 D Hyme 647/8-C-2 647/8' 256 Pending/Construction Prospect 3795 E Tomintoul 25/9-2 25/9' 58 Drilling (Prospect) Prospect 3572 E Sabia BM-S-72 S-M-11' 2 Drilling (Prospect) Prospect 3835 E Scotia (Hersilia Complex) Northern License Area' 8 Drilling (Prospect) Global Drilling Activity Current Drilling Activity by Well Type (Exploration, Appraisal, Development) Global Floating Rig Supply & Total Well Demand Most active Operators currently drilling with Floating Rigs Quarterly Regional Activity Current Drilling Activity by Well Type (Exploration, Appraisal, Development) Percentage of rigs working by provinces within the region Supply and Demand by Region five year forecast Average Day-rates among top five operators in region Floating Rig Analysis Twelve Month Utilization by Region & Global Comparison Floating Rig Supply to 218 (Contracted vs. Spec Rigs) Newbuild Deliveries out to 218 Operators with Newbuilds ordered Stacked Rigs by Type Top 1 Operators with Floating Rigs contracted Excel Tables Do Not Contain All Available Data Fields 7

8 Quest Global Prospects Report & Quarterly (QGPR/QGPQ) STRATEGIC VALUE Outlines global deepwater exploration opportunities Leading indicator for long-term deepwater development activity Highlights upcoming areas of focus and operator interest for E&P activity Prospect-level data enabling users to identify which drilling programs are driving future trends QGPR/QGPQ Deliverables Monthly snapshot of exploration activity (MS Excel) Quarterly Market Overview & analysis of global and regional exploration trends (MS PowerPoint) QGPR/QGPQ Outline Global Deepwater Exploration Activity Drilled and undrilled activity: by hemisphere by key water depth category by current status by operator classification Operators Activity Highlights Top 15 Most Active, Most Successful and Least Successful drillers Global Deepwater Exploration Drilling Activity Five-Year Rolling Forecast Identified Exploration and Appraisal total well counts Forecast drilling compared to actual drilling by hemisphere Quarterly Regional Activity Comparison of activity levels by regions Operator activity in a specific region Exploration activity levels by water depth category Drilling Success Rates since 24 Global Exploration & Appraisal Drilling Forecast 29a 218e a 21a 211a 212a 213a 214e 215e 216e 217e 218e Africa/Mediterranean Exploration Forecast Spuds Spud Count Exploration & Appraisal Drilling Expected to Grow by 13% Over Next 5 Years Discoveries by Year Announced ,81 Discoveries Number of Discoveries S. America Global discoveries down 35% in 214 compared to 213 N. Sea / Arctic N. America Discovery Year Asia- Pac. Africa/Med. Africa Med Asia Pacific North America North Sea South America North America Exploration Success Count >5 FSW 11-5 FSW - 1 FSW At 39%, success rates for 214 in the NAM region is slightly below its average Spuds Spud Year Discoveries PROSPECT-LEVEL DATA Operator Prospect Name Hemisphere Province Block Water Depth Mtr Petrobras 213 BM-ES-22 exp well South America Brazil 'ES-M-468' 21 Wintershall 35/9-1S (PL418) North Sea/Arctic N Sea, Norway '35/9' 365 Sterling Energy, PLC Ambilobe Block Africa/Medit. Madagascar 'Ambilobe' 5 Royal Dutch/Shell Appomattox Well F North America GOM-US 'MC391/MC392' 22 ConocoPhillips Barossa appraisal Asia Pacific/Middle East Australia 'NT/P69' 1 Total Block 41 Africa/Medit. Oman 'Blk 41' 2 Anadarko Petroleum Carrack / Caravel Asia Pacific/Middle East New Zealand 'PEP 38262' 1 WELL- LEVEL Statoil DATA DRIVIS PL532 North Sea/Arctic Barents Sea 43 Well Type Spud Mo Spud Yr Status Rig Name Drilling Notes Exploration Prospect Statoil purchased Vale share (Dec212); one exp well planned for 213 Appraisal Drilling Transocean Arctic spud after Gohta (Lundin) Exploration Prospect phase 1 & 2 coimmitments:2d&3d seismic phase 3: 1 well by september 216 Appraisal Prospect Deepwater Nautilus Appraisal Drilling Nanhai VI appraisal drilling to start in 213 for blocks NT/P61 & NT/P69 Exploration Prospect new PSC for 214; will start with seabed coring in 214 Exploration Prospect Noble Bob Douglas spud after Romney in PEP38451 Exploration Prospect West Hercules Fifth prospect in program, after Kramsno Excel Tables Do Not Contain All Available Data Fields 8

9 Quest Pipeline Perspective (QPP) Worldwide Pipeline Demand Growth vs KM 18, 16, 14, 12, 1, 8, 6, 4, 2, Installation Year Africa/Medit. Project Water Depth Installation Analysis e Following low ac+vity in 212 and 213, the region is poised for installa+on ac+vi+es spanning a variety of water depths in 214 onward. Pipeline Kilometers , Installation Year - 1 FSW 11-5 FSW 51+ FSW 214e-219e Top Operators by Pipeline Installation (KM) Infield v. Exports Installed Pipeline KM Export KM North America Pipeline Demand Operator Infield KM The Keathly Canyon Connector, SECKO pipeline and exports serving Big Foot and Delta House are large contributors to the increase of & 2-24 categories in the Gulf of Mexico. KM 1,4 1, Flexible 25+ Rigid Steel 2-24 Rigid Steel Rigid Steel -14 Rigid Steel STRATEGIC VALUE Illustrates global demand for deepwater flowline, pipeline manufacture and installation of SURF projects Analyzes market within key outer diameter ranges aligned with installation asset capabilities Analyzes demand associated with subsea projects, export lines and large transmission lines Detailed data includes location, pipeline specs, length, installation contractors and milestone dates QPP Deliverables Market Overview in MS PowerPoint of key trends and forecasts Full project working file in MS Excel Full database downloads of historic and forecast project details QPP Outline Kilometers of flowline installed worldwide Provides Base, Mean, and High Six-Year Forecast Cases Historical Analysis from 22 onward. Outside Diameter Analysis: -14, 15 19, 2-24, 25 + Rigid Steel and Flexible Analysis Installation Year PROJECT-LEVEL DATA Water Depth Subsalt/P Stranded Startup Project Bid Offset From Operator Hemisphere Province Field Block Mtr resalt Gas Year Date Host Km Total Africa/Medit. Angola CLOV: CRAVO, VIOLETA, ORQUIDEA, LIRIO BLOCK 17 'Blk 17' 1291 No No 214 7/1/28 15 Total Africa/Medit. Angola CLOV: CRAVO, VIOLETA, ORQUIDEA, LIRIO BLOCK 17 'Blk 17' 1291 No No 214 7/1/28 15 Total Africa/Medit. Angola CLOV: CRAVO, VIOLETA, ORQUIDEA, LIRIO BLOCK 17 'Blk 17' 1291 No No 214 7/1/28 15 Total Africa/Medit. Angola CLOV: CRAVO, VIOLETA, ORQUIDEA, LIRIO BLOCK 17 'Blk 17' 1291 No No 214 7/1/28 15 Total Africa/Medit. Angola CLOV: CRAVO, VIOLETA, ORQUIDEA, LIRIO BLOCK 17 'Blk 17' 1291 No No 214 7/1/28 15 Chevron Asia Pacific/Middle East Australia GREATER GORGON (GORGON, JANSZ, CLIO) LNG 'WA-2-R' 2 No Yes 214 1/15/28 65 Chevron Asia Pacific/Middle East Australia GREATER GORGON (GORGON, JANSZ, CLIO) LNG 'WA-2-R' 2 No Yes 214 1/15/28 65 Chevron Asia Pacific/Middle East Australia GREATER GORGON (GORGON, JANSZ, CLIO) LNG 'WA-2-R' 2 No Yes 214 1/15/28 65 Enterprise Products Partners North America GOM-US INDEPENDENCE HUB (AVP) 'MC92' 2415 No No 27 7/1/24 5 Enterprise Products Partners North America GOM-US INDEPENDENCE HUB (AVP) 'MC92' 2415 No No 27 7/1/24 5 Enterprise Products Partners North America GOM-US INDEPENDENCE HUB (AVP) 'MC92' 2415 No No 27 7/1/24 5 bp North America GOM-US TIBER KC12 'KC12' 1259 Yes No bp North America GOM-US TIBER KC12 'KC12' 1259 Yes No Statoil North Sea/Arctic N Sea, Norway AASTA HANSTEEN '677/1' 1275 No Yes 216 1/1/211 5 Statoil North Sea/Arctic N Sea, Norway AASTA HANSTEEN '677/1' 1275 No Yes 216 1/1/211 5 Royal Dutch/Shell North Sea/Arctic N Sea, Norway ORMEN LANGE Phs 1 634, 635/7 '634' 11 No No 27 3/15/23 1 Royal Dutch/Shell North Sea/Arctic N Sea, Norway ORMEN LANGE Phs 1 634, 635/7 '634' 11 No No 27 3/15/23 1 Royal Dutch/Shell North Sea/Arctic N Sea, Norway ORMEN LANGE Phs 1 634, 635/7 '634' 11 No No 27 3/15/23 1 Royal Dutch/Shell North Sea/Arctic N Sea, Norway ORMEN LANGE Phs 1 634, 635/7 '634' 11 No No 27 3/15/23 1 Royal Dutch/Shell North Sea/Arctic PIPELINE-LEVEL N DATA Sea, Norway ORMEN LANGE Phs 1 634, 635/7 '634' 11 No No 27 3/15/23 1 Royal Dutch/Shell North Sea/Arctic N Sea, Norway ORMEN LANGE Phs 1 634, 635/7 '634' 11 No No 27 3/15/23 1 Flowline Internal External Royal Dutch/Shell North Sea/Arctic N Description Sea, Norway ORMEN LANGE Phs 1 634, 635/7 '634' 11 No No 27 3/15/23 1 Status Diameter Diameter Length Km Design Flowline Export Type Flowline Type Flowline Contractor Barge Start Date Royal Dutch/Shell North Sea/Arctic N Sea, Norway ORMEN LANGE Phs 1 634, 635/7 '634' 11 No No 27 3/15/23 1 Premier Oil South America ORQUIDEA VIOLETA Falkland PRODUCTION Island SEA LION 14/1-3 Installing 1 14'14/1-B' 21 Infield 4Flowline No No 217 Rigid steel 9/15/212 3 Subsea 7 Seven Borealis Premier Oil South America ORQUIDEA VIOLETA Falkland WATER Island INJ SEA LION 14/1-3 Installing 1'14/1-B' 33 Infield 4Flowline No No 217 Rigid steel 9/15/212 3 Subsea 7 Seven Borealis Premier Oil South America CRAVO LIRIO PRODUCTION Falkland Island SEA LION 14/1-3 Installing 12 16'14/1-B' 17 Infield 4Flowline No No 217 Rigid steel 9/15/212 3 Subsea 7 Seven Borealis Premier Oil South America CRAVO LIRO WATER Falkland INJ Island SEA LION 14/1-3 Installing 12'14/1-B' 24 Infield 4Flowline No No 217 Rigid steel 9/15/212 3 Subsea 7 Seven Borealis Premier Oil South America GAS EXPORT Falkland Island SEA LION 14/1-3 Installing 13'14/1-B' 32 Export 4Pipeline No No Gas 217 Rigid steel 9/15/212 3 Subsea 7 Seven Borealis Premier Oil South America Falkland Island SEA LION 14/1-3 '14/1-B' 4 No No MEG LINE Installing 3 65 Infield Flowline Rigid steel 7/1/212 EMAS AMC AMC Connector Premier Oil South America Falkland Island SEA LION 14/1-3 '14/1-B' 4 No No CORROSION RESISTANT PIPE TO SHORE Installing 3 65 Export Pipeline Gas Rigid steel 3/1/212 ALLSEAS SOLITAIRE INFIELD BETWEEN MANIFOLDS Installing 8 6 Infield Flowline Rigid steel 1/1/212 ALLSEAS SOLITAIRE Louisiana Deepwater Link 2 Flowing 18 5 Export Pipeline Gas Rigid steel 3/1/26 ALLSEAS SOLITAIRE Louisiana Deepwater Link 1 Flowing 18 5 Export Pipeline Gas Rigid steel 3/1/26 ALLSEAS SOLITAIRE Independence Trail Gas Export Line Flowing Export Pipeline Gas Rigid steel 4/15/26 ALLSEAS SOLITAIRE Infield Flowlines Discovery 12 6 Infield Flowline Rigid steel 1/1/219 Oil Export Discovery 2 65 Export Pipeline Oil Rigid steel 8/1/218 Infield Flowlines Bidding 6 25 Infield Flowline Rigid steel 4/1/215 Gas Export (NSGI) Bidding Export Pipeline Gas Rigid steel 5/1/214 Multiphase Production Line (LAST 2) Flowing 3 2 Infield Flowline Rigid steel 7/31/26 SAIPEM S7 Multiphase Production Line Flowing 3 12 Infield Flowline Gas Rigid steel 5/3/26 SAIPEM S7 3" Export Flowing 3 33 Infield Flowline Gas Rigid steel 6/15/25 ALLSEAS SOLITAIRE MULTIPHASE PRODUCTION LINE (FIRST 1) Flowing 3 1 Infield Flowline Gas Rigid steel 7/31/26 Acergy LB 2 Glycol Template Tie-In Flowing 6 3 Infield Flowline Rigid steel 8/1/26 Acergy Acergy Falcon Glycol Line Flowing Infield Flowline Rigid steel 4/15/26 Acergy Acergy Falcon Glycol Line Flowing Infield Flowline Rigid steel 6/1/26 Acergy Acergy Falcon BRITPIPE GAS EXPORT Flowing Export Pipeline Gas Rigid steel 8/2/26 ALLSEAS SOLITAIRE FLOWLINE FROM MANIFOLD TO FPSO FEED 8 3 Infield Flowline Flexible 9/1/216 FLOWLINE FROM MANIFOLD TO FPSO FEED 8 3 Infield Flowline Flexible 9/1/216 FLOWLINE FROM MANIFOLD TO FPSO FEED 8 3 Infield Flowline Flexible 9/1/216 WATER INJ FLOWLINE FROM FPSO FEED 8 3 Infield Flowline Flexible 9/1/216 WATER INJ FLOWLINE FROM FPSO FEED 8 3 Infield Flowline Flexible 9/1/216 WATER INJ FLOWLINE FROM FPSO FEED 8 3 Infield Flowline Flexible 9/1/216 GAS INJECTION LINE FEED 8 3 Infield Flowline Flexible 9/1/216 Comparison of hemispheres and provinces based on historical and forecasted flowline projects Base, Mean, and High Normalized Case Six-Year Forecasts Historical Analysis from 22 onward Outside Diameter Analysis per Hemisphere: -14, 15-19, 2-24, 25 + Demand Allocation: Global Demand Allocation by Kilometer Demand Growth: Historical v. Forecast Five-Year Period Excel Tables Do Not Contain All Available Data Fields 9

10 Quest Subsea Database (QSDB) STRATEGIC VALUE Industry leading forecast of subsea tree awards & associated hardware Market forecasts illustrate near and longterm dynamic of overall subsea industry Key analysis around regional, operator and water depth trends for subsea tree awards and startups Historic and forecast subsea CAPEX analysis QSDB Deliverables Market Overview in MS PowerPoint of key trends and forecasts Full project working files in MS Excel Full database downloads of historic and forecast subsea wells HISTORICAL TREE-LEVEL DATA Tree Booked Tree Delivery Subsea Contract Number Of Province Operator Project Name Status Manifold Mfg Tree Mfg Controller Mfg Date Year ($) Manifolds N Sea, Norway BG Group KNARR CENTRAL & WEST Pending/Construction 9/2/ $135,. 2 FMC Technologies FMC Technologies FMC Technologies N Sea, Norway BG Group KNARR CENTRAL & WEST Pending/Construction 5/5/ $135,. 2 FMC Technologies FMC Technologies FMC Technologies N Sea, Norway BG Group KNARR CENTRAL & WEST Pending/Construction 5/5/ $135,. 2 FMC Technologies FMC Technologies FMC Technologies N Sea, Norway BG Group KNARR CENTRAL & WEST Pending/Construction 9/2/ $135,. 2 FMC Technologies FMC Technologies FMC Technologies N Sea, Norway BG Group KNARR CENTRAL & WEST Pending/Construction 9/2/ $135,. 2 FMC Technologies FMC Technologies FMC Technologies N Sea, Norway BG Group KNARR CENTRAL & WEST Pending/Construction 9/2/ $135,. 2 FMC Technologies FMC Technologies FMC Technologies N Sea, Norway BG Group KNARR CENTRAL & WEST Pending/Construction 9/2/ $135,. 2 FMC Technologies FMC Technologies FMC Technologies N Sea, Norway BG Group KNARR CENTRAL & WEST Pending/Construction 9/2/ $135,. 2 FMC Technologies FMC Technologies FMC Technologies SUBSEA FORECAST-LEVEL DATA Status Subsea Tree Tree Bid Date Count Tree Award Date Tree Award Qtr Award Year Bidder 1 Bidder 2 Bidder 3 Bidding 58 9/1/212 6/1/ Aker Solutions FMC Technologies FEED 5 6/1/213 1/1/ Cameron FEED 18 9/1/213 3/1/ GE Oil & Gas FMC Technologies Conceptual 1 1/1/215 6/1/ Conceptual 1 6/1/213 3/1/ FMC Technologies GE Oil & Gas FEED 6 6/1/214 6/1/ FMC Technologies Cameron GE Oil & Gas FEED 8 1/1/213 6/1/ FMC Technologies FEED 8 1/1/213 6/1/ FMC Technologies PROJECT-LEVEL Conceptual DATA 15 1/1/214 12/1/ Hemisphere FEED Province 36 Operator 1/1/214 6/1/214 Project Name 2 Block 214 Water Startup Offset From Host Field Name Depth Mtr Year Host Km Africa/Medit. Angola Total Kaombo Phase 1 (BLOCK 32) '32' Kaombo Phase 1 2 Africa/Medit. Israel Noble Energy LEVIATHAN EPS (DOMESTIC SUPPLY) 'Rachel License' LEVIATHAN EPS (DOMESTIC SUPPLY) 3 Asia Pacific/Middle East Indonesia INPEX ABADI GAS FIELD FLNG (MASELA BLOCK) 'Masela' ABADI GAS FIELD FLNG (MASELA BLOCK) 5 Asia Pacific/Middle East Indonesia Chevron KUTEI BASIN: RANGGAS (RAPAK PSC) 'Rapak PSC' MAKASSAR STRAIGHT PHS 3 11 North America GOM-Mexico Pemex LAKACH-LABAY COMPLEX 'Deep Coatzacoalcos' North America GOM-US ExxonMobil JULIA WR627 'WR627' HADRIAN NORTH KC North America GOM-US Royal Dutch/Shell STONES FFD WR58 'WR58' STONES FFD WR58 5 North Sea/Arctic N Sea, UK Enquest PLC KRAKEN 9/2b '9-2' KRAKEN 9/2b 3 North Sea/Arctic West of Shetlands Hurricane Exp LANCASTER 25/21A PHS 1 '25/21a' LANCASTER 25/21A PHS 1 3 South America Falkland Island Premier Oil SEA LION 14/1-3 '14/1-B' SEA LION 14/1-3 3 Excel Tables Do Not Contain All Available Data Fields QSDB Outline Subsea Project Spend by Onstream (Startup) Year Illustrations of global historical and forecast spending for entire subsea production package Market Forecast Subsea Awards Quest applies a base, mean and high case to all projects to take into consideration the location, timing, status, etc. of a project in calculating forecasted trees. Current market dynamics also influence the base and high case scenarios for projects. Historical and five-year forecast of global subsea tree awards: By Region, By Water Depth, CAPEX analysis for tree, control and manifold hardware (Only) Top operators classified by their mean case tree award forecast Market Analysis Subsea Tree Startups Illustrates historic and forecast installed base of subsea tree awards From 1996 and includes six-year forecast: By Region, By Water Depth Market Share Analysis Long-term regional subsea tree market share Current quarter analysis of subsea tree and control awards Current quarter and YTD review of subsea tree, control and manifold awards by manufacturer and estimated value (US$) Global Subsea CAPEX Forecast Spending e $16, $MM $14, $12, $1, $8, 56% Increase Future growth driven largely by Africa, followed by the North Sea and North America. $6, 5 45 $4, 4 35 $2, 3 25 $ Startup Year 5 Africa/Medit. Asia Pacific/Middle East North Sea North America South America e Awards = Mean Case e Forecast Subsea Tree Awards Top 2 Operators Global Subsea Forecast Award Comparison 2a 219e Awards # of Subsea Trees Tree Orders (Forecast Mean) Trees Orders (Awarded) Tree Orders (High) Tree Orders (Base) Award Year Africa/Medit. Consolidated Market Share % Mkt Share 9% 8% 7% 6% 5% 4% 3% 2% 1% # Subsea Tree Awards Operator AFM = Africa/Medit; ASP = Asia Pacific; NSEA = North Sea; NAM = North America; SAM = South America Global Subsea Tree Startups by Water Depth e Startups Normalized Case # of Subsea Trees e e 216e 217e 218e 219e 22e Startup Year - 1fsw 11-5fsw 51+fsw SAM 29% NSEA 11% NAM 19% AFM 28% ASP 13% % Award Yr AS DQ FTI GE OneSubsea 1

11 Quest Subsea Production Umbilical Database (QSPUD) SPU KM Activity Trends Mean Case KM Global (Steel Awarded) Global (Steel Unawarded - Mean Case) Global (Thermoplastic Awarded) Global (Thermoplastic Unawarded - Mean Case) Global (All Types - High Case) Global (All Types - Base Case) Award Yr 214e 218e SPU Total Forecast Awards US $6,36 MM Top 14 Operators US $4,18 MM Mean Case $MM $1, $9 $8 $7 $6 $5 $4 $3 $2 $1 $ Thermoplastic $MM Steel $MM STRATEGIC VALUE Illustrates global demand trends for the subsea production umbilical (SPU) market Delineates market into steel-tubed and thermoplastic-hosed SPU demand Analyzes market in terms of volume (KM) and value (US$MM) Provides comprehensive market share analysis of historical global awards QSPUD Deliverables Worldwide Steel SPU Demand US$1.34 BN, Forecast US$4.4 BN Mean Case Steel $MM (Mean Case) $4 $35 $3 $25 $2 $15 $1 $5 $ Award Yr Africa/Medit (Mean Case) Asia Pacific (Mean Case) North Sea (Mean 5% Case) North America (Mean Case) South America (Mean Case) Forecast Umbilical-Level Data Umbilical Status Umbilical Type Bid Date Award Date Install Date Length Meters Mfg Bidder 1 Mfg Bidder 2 Mfg Bidder 3 LOI (Letter of Intent) Steel Super Duplex 6/1/27 4/1/215 1/1/ Technip DUCO Bidding Steel Super Duplex 4/2/212 12/2/212 9/1/ Aker Solutions Oceaneering Umbilical Solutions Technip DUCO FEED Steel 6/1/213 3/1/214 8/1/ NEXANS JDR Umbilical Systems Technip DUCO Bidding Thermoplastic 9/1/212 1/1/213 7/1/213 1 JDR Umbilical Systems Bidding Steel 3/1/212 12/1/212 1/1/215 1 NEXANS Oceaneering Umbilical Solutions Conceptual Steel 6/1/214 1/1/215 1/1/218 2 NEXANS Conceptual Subsea Power 6/1/214 1/1/215 1/1/217 2 NEXANS Bidding Steel 6/1/212 3/1/213 4/15/ Aker Solutions NEXANS Oceaneering Umbilical Solutions FEED Thermoplastic 1/1/213 1/1/213 6/1/215 6 Oceaneering Umbilical Solutions Bidding Thermoplastic 6/1/211 12/2/212 4/1/213 1 Oceaneering Umbilical Solutions Project-Level Data Water Depth Startup Offset From Hemisphere Province Operator Project Name Block Mtr Year Host Km Africa/Medit. Angola bp BLOCK 31 PHS 3 (CHTMCP) 'Blk 31' Africa/Medit. Angola Chevron LIANZI ANGOLA-CONGO UZ BLOCK 14 '14' Asia Pacific/Middle East China CNOOC LIUHUA 16-2 '16-2' Asia Pacific/Middle East Philippines Otto GALOC PHS 2 'SC 14C' North America GOM-US bp ATLANTIS PHS 2B GC699/GC7/GC743/GC743/GC744 'GC787' North America GOM-US bp Kaskida KC292 'KC292' North America GOM-US bp Kaskida KC292 'KC292' North Sea/Arctic N Sea, Norway Statoil AASTA HANSTEEN (677/1-2,676/1 ) '677/1' South America Brazil Petrobras FRANCO-1 TRANSFER OF RIGHTS FPSO P-74 ANP Transfer of Rights South America Brazil OGX TUBARAO AZUL (FRMR WAIMEA) PHASE 2 BM-C-41 (OSX-2) 'BM-C-41' Excel Tables Do Not Contain All Available Data Fields 3 Operator Global SPU Manufacturer Market Share % Market Share (KM) 1% 9% 8% 7% 6% 4% 3% 2% 1% % Award Year Aker Solutions MFX NEXANS Oceaneering Umbilical Solutions Other Parker Prysmian Technip DUCO Thermoplastic 35% SS Power 3% Steel 62% Market Overview in MS PowerPoint of key trends and forecasts Full project working files in MS Excel Full database downloads of historic and forecast subsea production umbilicals QSPUD Outline Market Forecast of Subsea Production Umbilical Capex by Award Year Top operators classified by their historic and forecast demand Comparison of region demand based on historical and forecasted SPU awards Includes comparison between steel and thermoplastic SPU s for each region Subsea Production Umbilical Forecast Awards Kilometers of SPU awarded (historical and forecast) vs. number of trees awarded (historical and forecast) Comparison between hemispheres based on SPU awards in kilometers and equivalent US$ Illustration of dynamics between steel and thermoplastic demand within the SPU market historically and in the next five years. Historical Umbilical Market Share Market share of SPU manufacturers Regional Comparison between hemispheres based on historical-todate awards Steel vs. thermoplastic comparison 11

12 Quest Deepwater Shipyard Outlook (QDSO) STRATEGIC VALUE Illustrates supply and demand profiles of major shipyards serving the offshore oil & gas market Analyzes historic and forecast construction of FPS systems, drilling rigs, fixed platforms, marine construction assets and onshore modules Identifies potential future capacity constraints within major shipyards and sectors Outlines construction schedule within each major shipyard QDSO Deliverables Quarterly delivery of Master Shipyard Backlog file (MS Excel) Semi-annual delivery of Market Overview of key trends and forecasts (MS PowerPoint) QDSO Outline Companies Included: Samsung Heavy Industries (SHI), Daewoo Shipbuilding & Marine Engineering (DSME), Hyundai Heavy Industries (HHI), Sembcorp, Keppel Offshore & Marine, Kiewit, Gulf Island Fabrication, McDermott, Lamprell, MMHE/MHB, Aker, Technip, as well as Chinese and Brasilian yards Shipyard Tonnage by Awarded Projects Project by project timing and build analysis broken up by individual shipyards and combined into a forecast of tonnage throughput and capacity utilization Shipyard Tonnage Forecast Quest forecasts future demand outside of awarded projects by taking into account shipyard histories, known projects, location, timing, and other market driving factors Shipyard Financial & Macro Overview Analysis focused on changing margins, backlogs, and new orders Illustrations of macro shipyard drivers such as; container ship indexes, steel price indexes, and oil prices Market Share Analysis by Shipyard Total tonnage analysis Project scope and type analysis Forecasted & Awarded Global Tonnage by Type e Tonnes 746, 559,5 373, 186, Date 214 Quest Offshore Resources Inc. 1 Project Tengiz Upper Zakum Deepwater Poseidon TBN (Montevideo Uruguay) Deepwater Pontus Deepwater Conqueror XL Enhanced 4 West Libra TBN #1 Atwood Archer West Dorado TBN #2 Deepwater Proteus Mariner Cobalt Explorer Mafumeira Sul Block Songa Enabler Gina Krog (Dagny) Deepwater Thalassa Ichthys FPSO Songa Encourage Atwood Admiral Hejre LNG 1 Labuan (Kanowit ) PFLNG1 Songa Endurance Songa Equinox Atwood Achiever Wheatstone PF Deepsea Aberdeen Experience VT-3 (Guanabara Bay Brasil) Deepwater Asgard Deepwater Invictus Atwood Advantage Tungsten Explorer Clov South Nemba SNX Block Cabinda Big Foot Aegir Number of Projects Type Accommodation Drill Semi Drillship Fixed Platform FLNG FPSO FPU FSO FSRU Jackup MarCon Onshore Modules Semi Spar Tender Assist Rig TLP Turret Awarded Tier-1 (South Korea) Projects Under Construction Project Timing for DSME by Construction Type Date 214 Quest Offshore Resources Inc Year 214 Quest Offshore Resources Inc. 2 Type Drill Semi Global Marine Construction Total Demand Drillship Tonnes 364, 273, 182, 91, Fixed Platform FLNG FPSO FSRU Jackup MarCon Onshore Modules TLP Date Type Accommodation Drill Semi Drillship Fixed Platform FLNG FPSO FPU FSO FSRU Jackup MarCon Onshore Modules Semi Spar TLP 214 Quest Offshore Resources Inc. 4 Tier Brasil Fabrication-Asia Fabrication-Europe Fabrication-GoM Fabrication-Middle East Shipyard-Asia Shipyard-China Shipyard-Middle East Shipyard-Other Tier-1 Tier-2 Tier-US YARD-LEVEL DATA Company Yard Project Tier Water Depth Mtr Type ConvNB Scope Operator Tonnes Aker Stord Gjoa Other 36 Semi Newbuild Topsides BP 2, COSCO Dalian Cidade de Niteroi MV18 Tier 3 14 FPSO Conversion Hull Petrobras 18,2 COSCO Dalian Cidade de Niteroi MV18 Tier 3 14 FPSO Conversion Topsides Petrobras 19,5 DSIC Dalian Hai Yang Shi You 941 Tier Jackup Newbuild Hull COSL 3,3 DSIC Dalian Hai Yang Shi You 941 Tier Jackup Newbuild Legs COSL 12, DSME Okpo Agbami Tier FPSO Newbuild Hull Chevron 69,7 DSME Okpo Agbami Tier FPSO Newbuild Topsides Chevron 39,8 DSME Okpo Big Foot Tier TLP Newbuild Hull Chevron 4, DSME Okpo Mafumeira Sul WHP #2 Tier 1 5 Fixed Platform Newbuild Jacket Chevron 1, DSME CONSTRUCTION-LEVEL Okpo DATA Mafumeira Sul WHP #2 Tier 1 5 Fixed Platform Newbuild Topsides Chevron 1,3 Dubai Dry Start DocksStart Delivery DubaiDelivery Frade Yard Book Book Total Tier FPSO Conversion Hull Chevron 13,5 Quarter Year Quarter Year QTRs Quarter Year QTRs Design Notes Aker Integration at Aker Stord Modec Owned - 1.6M Storage Modec Owned - 1kboe/d 124mmsc/d Capacity - 21 Modules F&G JU2E 9/2/4 Steel - 6/6/6 Delivery F&G JU2E 9/2/4 Steel - 6/6/6 Delivery /9/5 Steel Cut- 1/2/7 Delivery.2.15M Storage Alliance Engineering 1/9/5 Steel Cut- 1/2/7 Delivery. 25mboe/d & 45mmscf/d Capacity Floatec ABB Lummus etlp - Steel cut 7/25/211. Keel Laying 3/21/212. Hull Cost only BN for 2WHP + LQ + CPF BN for 2WHP + LQ + CPF SBM Owned - 1.5M Storage Excel Tables Do Not Contain All Available Data Fields 12

13 Quest Floating Production Database (QFPD) PROJECT-LEVEL DATA Operator Hemisphere Province Project Name Water Startup Depth Mtr Year bp Africa/Medit. Angola BLOCK 31 PHS 1 (NE AREA) PLUTAO,SATURNO,VENUS,MARTE,TERRA (PSVM) Eni Africa/Medit. Mozambique CORAL FLNG (MOZAMBIQUE AREA 4) CNOOC Asia Pacific/Middle East China WENCHANG 8-3, 14-3, 15-1, Reliance Industries Asia Pacific/Middle East India MA OILFIELD PHS 1&2, BLK D6 (AKA KG-DWN-98/3), FPSO DHIRUBHAI-1 (FRMLY SMART 1) Royal Dutch/Shell North America GOM-US APPOMATTOX MC391/ Williams North America GOM-US GULFSTAR HUB (TUBULAR BELLS HOST) MC Statoil North Sea/Arctic Barents Sea JOHAN CASTBERG (SKRUGARD/HAVIS) 722/ Marathon Oil North Sea/Arctic N Sea, Norway ALVHEIM DEVP (BOA,KNELER,KAMELEON,VILJE) Odin FPSO Premier Oil North Sea/Arctic N Sea, UK SHELLEY 22/2B FPSO SEVAN VOYAGEUR Petrobras FPS- LEVEL DATA South America Brazil CERNAMBI NORTH BM-S-11 (FPSO CIDADE DE ITAGUAI) FPS Type Hull Status FPS Owner Worldwide Forecast FPS Spending by Year Regional Contribution Thousands of US Dollars by FPS Award Year (Mean Case) South America, Africa and Asia will be the key drivers for increases in spending. Despite the lowering of the award forecast due to current oil market condi=ons spending is s=ll expected to grow due to the increased size and complexity of FPS units. Prod Cap Oil (BOPD) Prod Cap Gas (MMCPFD) Prod Cap Storage Water (BWPD) Capacity (Bbls) Surface Well Count Mooring Type FPSO Flowing MODEC 157, , 1,8, Turret- External FLNG Conceptual FPSO Flowing 1, 7, Turret- Submerged FPSO Flowing Aker Floating Production ASA 8, 318 2, 1,3, Turret FPS- Semi LOI (Letter of Intent) Classic Spar Pending/Construction Williams 6, 2 Spread/Poly Chain FPSO Conceptual 2, FPSOCONSTRUCTION-LEVEL Flowing DATA Maersk 123, , 56, Turret- Submerged FPSO ROUNDSHIP EPC Contractor Re- Deployed Hull Award Teekay/Sevan Marine Hull Designer 3, Hull Fabricator 2, Topsides Designer 3, Topsides Topsides Spread/Wire Fabricator Chain Hull Fabricator Shipyard Fabricator FPSO Pending/Construction Date Schahin/Modec 15, 281 1,6, Spread/Poly Shipyard Chain MODEC 12/1/28 MODEC Singapore, MODEC Jurong Shipyard Singapore, Singapore Jurong Shipyard Singapore 1/1/216 COOEC 11/1/25 COOEC Dalian New Shipyard COOEC Dalian New Shipyard Aker Solutions 1/11/27 Aker Floating Production ASA Jurong Shipyard Aker Floating Production ASA Jurong Shipyard 3/1/214 SAMSUNG Kiewit Offshore Services Williams 5/11/211 Williams Gulf Marine Fabricators Aransas Pass, TX USA Alliance Engineering Gulf Island L.L.C. Houma, LA 6/1/216 Maersk 3/15/25 Maersk Keppel Shipyard Singapore, Singapore Vetco-Aibel Vetco-Aibel Sevan Marine 5/1/26 Sevan Marine Yantai Raffles Shipyard Ltd Rotterdam, Netherlands Sevan Marine Keppel Verolme Schahin/Modec 1/15/212 Schahin/Modec Schahin/Modec Schahin/Modec Schahin/Modec Excel Tables Do Not Contain All Available Data Fields Worldwide Forecast Floating Activity by Startup Year e Share By FPS Type (Mean Case) STRATEGIC VALUE Leading indicator of significant global deepwater development activity and investment Analyzes the global market for floating production demand in terms of volume and value (US$MM) Breaks demand into specific FPS type (FPSO, SPARS, TLP, FLNG, Semi- Submersibles) Breaks demand into region Provides key historic market share analysis by shipyards and FPS owner QFPD Deliverables Market Overview in MS PowerPoint of key trends and forecasts Full project working files in MS Excel Full database downloads of historical project information and forecasted project demand QFPD Outline Executive Overview Changes from Previous Forecast Award vs. Startup Trends by Hemisphere Source file: Q3 QFPD Tables, Lookups, and Graph Sources.xls Source file: Q3 QFPD Tables, Lookups, and Graph Sources.xls Africa/Med Forecast FPS Construction by Startup Year e (Mean Case) 12 Units, 1 Under Construction 1 Worldwide FPSO New Build vs. Conversion 2 218e (Mean Case) 2 Floating Production System Forecast Base, mean and high case forecasts by award year Startups and awards by hemisphere and type Forecasted volume of units and value ($US) Top operators Floating Production System Analysis Availability of leased FPSOs and FSOs FPSO leasing market share FPSO newbuild vs. conversion analysis Source file: Q3 QFPD Tables, Lookups, and Graph Sources.xls 3 Project Update Overview Major changes over previous quarter Source file: Q3 QFPD Tables, Lookups, and Graph Sources.xls 4 13

14 Quest Marine Construction Vessels (QMCV/QCVS) STRATEGIC VALUE Provides global insight into supply and demand dynamics of major marine construction assets Illustrates vessel-by-vessel schedule for over 125 assets of booked and bidding construction work Details strategic installation and construction capabilities of a wide range of marine assets QMCV / QCVS Deliverables Quest Construction Vessel Schedule in MS Project and PDF (QCVS) Quest Construction Vessel Schedule PLUS (MS Excel) Quarterly Market Overview of key trends and forecasts (MS PowerPoint) Quarterly deliverable of the Quest Vessel Function Database (MS Excel) QMCV / QCVS Outline Construction Vessel Schedule (MS-Project or PDF format) Details over 125 vessels current commitments and schedule and includes detailed information on project, timing and scope of work Shows potential installation opportunities Construction Vessel Schedule PLUS (MS Excel) Combines data from Quest Construction Vessel Schedule with high level fields from the Quest Enhanced Deepwater Database Allows analysis to be performed around installation trends at the vessel, owner, and capability level due to the user friendliness of MS Excel Market Report Overviews Global Marine Construction Supply and Demand Balance Marine Contractor Market Share Global Marine Construction Booked Demand Installation Days Historical Utilization by vessel category Quest Vessel Function Database (QVFDB) Includes high level vessel specifications for each vessel tracked in the Quest Construction Vessel Schedule and more (details over 2 vessels) Global Marine Construction Total Demand Worldwide Pipeline (Days) Days 16, 14, 12, 1, 8, 6, 4, 2, Installation Year Africa/Medit. Asia Pacific - Other Australaisia Middle East and India N. America N. Sea S. America Booked Days by Contractor Reel Lay Africa-Medit % Market Share (Days) 1.% 9.% 8.% 7.% 6.% 5.% 4.% 3.% 2.% 1.%.% *Acergy and Subsea 7 have been combined for the historical period. * Please note the booked days for 214 & 215 are unknown and the market share slides are subject to change. Quest CVS - Deep Blue Sample Fri 1/17/14 2:23 PM Regional Marine Construction Booked Demand North Sea (Days) Days 6, 5, 4, 3, 2, 1, *Total Demand in future includes unbooked work Installation Year EMAS AMC McDermott Subsea 7 Technip Installation Year - 14/Flex/SPU Total Demand Worldwide Deepwater Pipelay Vessels 23 November 214: 34,933 Total Booked Days Booked Days Quest Construction Vessel Schedule ID Task Name Duration Start Installation Year H1 H1 H1 H2 H1 H1 H1 H1 H2 H2 H2 H2 H2 Booked Days Cont. Supply 1 DEEPWATER PIPELAY days Tue 1/1/2 2 Technip 2642 days Wed 12/24/8 3 DEEP BLUE 1338 days Wed 6/27/12 4 Shell - West Boreas 21 days Tue 12/11/12 5 Chevron - WR Gas Export Line 12 days Sun 1/6/13 6 IDLE/Standby - Vitoria, Brazil 1 day Sat 3/23/13 7 Shell - BC-1 Phase 2 35 days Sun 3/24/13 8 IDLE/Standby - Mississippi River, United States of America1 day Mon 5/27/13 9 IDLE/Standby - Mobile, United States of America 1 day Tue 6/25/13 1 Murphy Oil; Ecopetrol - Dalmatian 6 days Mon 7/15/13 11 IDLE/Standby - Mobile, United States of America 1 day Mon 7/22/13 12 Shell - Cardamom SSTB 21 days Thu 8/1/13 13 IDLE/Standby - LOOP Terminal, United States of America 1 day Thu 8/22/13 14 IDLE/Standby - Mobile, United States of America 1 day Wed 9/25/13 15 Chevron - Jack & St. Malo 62 days Tue 1/1/13 16 ExxonMobil - Hadrian South 3 days Mon 12/2/13 17 IDLE/Standby - Mobile, United States of America 1 day Mon 12/16/13 18 Anadarko/ExxonMobil - GoM Lucius - 2nd Campaign 82 days Wed 1/1/14 19 BP - Quad 24 Schiehallion Redevelopment 91 days Sat 5/1/14 2 Shell - Stones 25 days Mon 9/1/14 21 LLOG - Delta House 35 days Wed 1/1/14 22 Total - Kaombo 18 days Thu 1/1/15 23 Targeting - Noble Energy - Leviathan 9 days Thu 1/1/15 24 ExxonMobil - Julia 45 days Wed 4/1/15 25 Tullow Oil Ghana - TEN Project 1 days Thu 1/1/15 26 Targeting - Chevron - Nsiko 55 days Fri 1/1/16 27 Bidding - Anadarko - Heidelberg 72 days Fri 4/1/16 28 Bidding - BP - Block 31 SE Phase 2 95 days Tue 11/1/16 29 Targeting - Hess - Stampede (Pony & Knotty Head) 29 days Sun 1/1/17 NAME - Shell - West Boreas - install of 2km FL (LOI) NAME -Chevron - Jack Gas Export Line phs1; install of 36km 1" gas export pipeline and 1 SCR... IDLE/Standby - Vitoria, Brazil - Destination: Espirito Santo Bc 1 SAME - Shell - BC-1 Phase 2 - Install of 2km 12"FL + 29km SPU IDLE/Standby - Mississippi River, United States of America - Destination: BP Thunderhorse IDLE/Standby - Mobile, United States of America - Destination: Enbridge Wrgs NAME - Murphy Oil; Ecopetrol - Dalmatian - SURF - EPIC - gas riser, oil riser, 38km FL, 34km PIP FL, PLETs &* jumpers, contr IDLE/Standby - Mobile, United States of America - Destination: Mobile Alabama NAME - Shell - Cardamom SSTB - install of East & West Loop PIP (2) 12.8km 6'-8' FL + PLETs & Risers (Pioneer to assist)... IDLE/Standby - LOOP Terminal, United States of America - Destination: Shell Llano IDLE/Standby - Mobile, United States of America - Destination: Chevron JSM NAME - Chevron - Jack & St. Malo; URF install of 85Km of 1" flowlines and Subsea Hardware NAME - ExxonMobil - Hadrian South - Project management, Procurement and Install of two km 6" FL km IDLE/Standby - Mobile, United States of America - Destination: Theodore Mobile NAME - Anadarko/ExxonMobil - GoM Lucius - Install of multiple gas lift jumpers, main gas lift, infield SPU, ss di NSEA - BP - Quad 24 Schiehallion Redevelopment - SURF $8mm - recovery of all existing flex risers( NAME - Shell - Stones - EPI of subsea production system and lateral gas line (45km 8") NAME - LLOG - Delta House - Install of 125km infield FL AFM - Total - Kaombo - SURF - Install of 135km FL + 19km SPU AFM - Targeting - Noble Energy - Leviathan - Gas Exports to Beach 24km 16" NAME - ExxonMobil - Julia; EPIC of 48Km of 11" infield, steel catenary risers & flowline AFM - Tullow Oil Ghana TEN; $73mm - engineering, fabrication and inst AFM - Targeting - Chevron - Nsiko; install of 5Km of 12" Export and 1 NAME - Bidding - Anadarko - Heidelberg - Install of 54km 2" o AFM - Bidding - BP - Block 31 SE Phase 2; install o NAME - Targeting - Hess - Stampede (Pony & Kno QUEST VESSEL FUNCTION DATABASE EXCERPT Contractor Vessel Name Vessel Category Min Pipe Mx Pipe Dia Tension Capacity CRANE CAP No Length (m) Dia (in) (in) (tonnes) (tonnes) Cranes AHC A&R No Build (tonnes) ROVs Year Allseas Solitaire DW PL Helix Caesar DW PL Saipem Castorone DW PL Yes Technip Deep Blue DW PL Yes CVS Technip - Deep Blue BOOKED WORK Global 12 DW PL BIDDING WORK IDLE/STANDBY FAVORED Quest Sample Date: Fri WORK FOR 1/17/14 Heerema BOOKED DCV Thialf LTC Heavy-Lift DCV TARGETED SHIPYARD/TRANSIT (C) 213 Subsea Quest Offshore 7 Resources, Sapura Inc. 3 Heavy-Lift DCV Page (Riser Helix Q4 Intervention 95.2 Tension) Saipem Castoro 7 Pipelay Trunkline CEONA Giant 3 Reel Lay Yes 212 McDermott North Ocean 18 Reel Lay Yes 212 QUEST CVS PLUS EXCERPT Subsea 7 Acergy Condor Vessel Reel Lay Subsea 7 Vessel Category Kommandor Contractor 3 Vessel Name Reel Lay Start 15 Hemisphere Operator Task Name Duration Finish Province Status Aker Solutions DEEPWATER Aker PIPELAY Wayfarer Technip SS DEEP Const BLUE1 Hadrian North 2 GOM-US Yes ExxonMobil 2 29 ExxonMobil - South 3 days 12/2/213 1/1/214 America Booked Subsea 7 DEEPWATER PIPELAY Technip Skandi Neptune DEEPWATER PIPELAY Technip DEEP BLUE SS Const 2 DEEP BLUE - Mobile, 14.2 Anadarko/ExxonMobil 16 Campaign 12/16/ /1/214 North 25 North 3 Yes GOM-US 2 Anadarko 21 Petroleum IDLE/Standby United States of America 1 day 12/17/213 America Idle/Standby - GoM Lucius - 2nd 82 days 3/24/214 America Booked DEEPWATER PIPELAY Technip DEEP BLUE BP - Quad 24 Schiehallion Redevelopment 91 days 5/1/214 8/9/214 North Sea/Arctic West of Shetlands bp Booked DEEPWATER PIPELAY Technip DEEP BLUE Shell - Stones 25 days 9/1/214 9/26/214 North America GOM-US Royal Booked Dutch/Shell DEEPWATER PIPELAY Technip DEEP BLUE LLOG - Delta House 35 days 1/1/214 11/5/214 North America GOM-US LLOG Booked DEEPWATER PIPELAY Technip DEEP BLUE Total - Kaombo 18 days 1/1/215 6/3/215 Africa/Medit. Angola Total Bidding DEEPWATER PIPELAY Technip DEEP BLUE Targeting - Noble 9 days 1/1/215 4/1/215 Africa/Medit. Israel Noble Targeted Energy - Leviathan Energy DEEPWATER PIPELAY Technip DEEP BLUE ExxonMobil - Julia 45 days 4/1/215 5/16/215 North America GOM-US ExxonMobil Booked DEEPWATER PIPELAY Technip DEEP BLUE Tullow Oil Ghana - 1 days 1/1/215 1/9/216 Africa/Medit. Ghana Tullow Oil Booked TEN Project DEEPWATER PIPELAY Technip DEEP BLUE Targeting - Chevron - Nsiko 55 days 1/1/216 2/25/216 Africa/Medit. Nigeria Chevron Targeted DEEPWATER PIPELAY Technip DEEP BLUE Bidding - Anadarko - Heidelberg 72 days 4/1/216 6/12/216 North America GOM-US Anadarko Petroleum Bidding DEEPWATER PIPELAY Technip DEEP BLUE Bidding - BP - Block 31 SE Phase 95 days 11/1/216 2/4/217 Africa/Medit. Angola bp Bidding 2 DEEPWATER PIPELAY Technip DEEP BLUE Targeting - Hess - Stampede (Pony 29 days 1/1/217 1/3/217 North America GOM-US Hess Targeted & Knotty Head) Excel Tables Do Not Contain All Available Data Fields 14

15 Quest Events and Maps MCE Deepwater Development Exhibition & Technical Conference - Europe s Flagship Event With over a decade of events, Marine, Construction & Engineering (MCE) Deepwater Development is recognized as the leading conference addressing technical issues related to engineering, development, and production of oil and gas in deep and ultra deepwater arenas around the world. As our industry confronts new challenges, the sharing of deepwater experience will play a critical role in improving the quality, safety, and economics vital to the future of the industry. The mission of MCE Deepwater Development is to provide a focused event, based in Europe and completely dedicated to the advancement of global exploration and production. The conference addresses the myriad of technical issues and challenges confronting this industry, while offering networking opportunities unrivaled by any other industry event. Through our sponsorship and exhibition opportunities, Quest s goal is to provide a first class service with maximum marketing exposure. The hospitable staff and stand builder assist to make set-up and dismantle smooth at MCE Deepwater Development. If you want, you can even send your marketing information to be printed on the panels and they will be set-up for you when you arrive. Exhibiting has never been easier! The MCE Deepwater Development Technical Program grows in strength each year as our distinguished Advisory Board reaches into the industry to highlight the pertinent topics and secures the experts in those areas to share their experiences. The International, National and Independent Oil companies make up around 5 percent of the program with the major supply chain companies and engineering houses adding strategic insight into what s driving the future of the deepwater industry. Regional Wall Maps Quest WA8 DEF :1 Pagina 1 SUBSEA SYSTEMS For leading offshore oil and gas operators, Cameron is the Subsea Systems equipment expert that helps you continuously raise performance through our proven technical expertise, project management, and global manufacturing and service network. Performance RELIABILITY AND UPTIME DELIVERED West Africa 2 8 I n f ra s t r u c t u re & Q u e s t O f f s h o re s S u b s e a & F l o a t i n g P ro d u c t i o n S y s t e m s Fo re c a s t. Quest provides an excellent marketing and branding platform through our regional wall maps illustrating subsea and floating production infrastructure with a focus on future developments. Maps are distributed to high-level members of the deepwater industry at leading companies within the market. Cameron raising performance with a proven approach to subsea systems equipment engineering that delivers improved reliability and production uptime you can measure in dollars and cents. RAISING PERFORMANCE. TOGETHER TC9513 The active and forecast subsea & floating production systems depicted on this map are from proprietary databases and remain the copyright of Quest Offshore Resources Inc.This map offers an insight into the currently known active, planned or forecast field developments and their allocated systems and is based on continuous research by Quest Offshore analysts. Quest Offshore, however, cannot guarantee that all the known fields or systems are shown. All subsea data detailed on this map is available in the "Quest Subsea Database" All floating production system data detailed on this map is available in the "Quest Floating Production Database" for further information, please contact nick.search@questoffshore.com or visit Quest Offshore Resources Inc.: 16 Highway 6, Suite 3, Sugar Land TX USA,Tel: , Fax: Quest Offshore (Europe): 57 Rosebushes, Epsom Downs, Surrey KT17 3NT UK,Tel: , Fax: corp@questoffshore.com This map is the sole property of the publisher and may not be copied in whole or in part without written permission from the publisher. Copyright 28, Quest Offshore Resources Inc. NOTICE This map has been produced with the greatest care and accuracy and the map and the data depicted were believed to be correct at the time of printing. Unauthorized disclosure, use, reproduction, reprocessing or transfer of this Data to or by any unauthorized entity is strictly prohibited. This data reflects information as of October 28. Nothwithstanding, Quest Offshore and/or InduComm cannot and do not warrant the accuracy of this map nor do they accept or assume any liability or responsibility for any consequence, financial or otherwise, direct or consequential, foreseeable or not, by any entity relying on the data for any purpose whatsoever and said entity does so entirely at its own risk and accepts it as is. The data should not be used for navigation. DORIS Engineering MORE INNOVATIVE THAN EVER Expro delivers the ultimate in reliability subsea. Our market-leading subsea safety systems and our world-renowned Tronic and Matre subsea connectors and sensors provide our customers with the technology and expertise essential to meet the demands of the challenging deepwater environment. Expro the safe choice for the well flow management of your subsea wells. Find out more from: from surface to seabed, integrated subsea services Offshore construction and support vessels Project management and engineering Survey and positioning operations Diving operations ROV operations delivering solutions at any depth Sea Trucks Group SERVI NG THE I NSHO RE A ND O F F SHO RE O I L & GA S I ND USTRY Jascon 8 pipelay accommodation Meeting all lubricant and subsea control fluid needs ensuring supply through local distributors. installation fabrication www. s e at r u ck s g r o u p. c o m For further information offshorewestafrica@castrol.com Each map notes the project scope in terms of number of subsea trees and type of floating production unit used and the related major trunklines. Quest also details upcoming exploratory drilling prospects on each map so you can see where the future developments may be in relation to flowing or future developments. We also provide status of developments, operator and block number as well as major lease area name. Global capability in complex offshore engineering and marine operations With an established presence in all major oil & gas centres; including North & South America, Europe, the Middle & Far East and the development of new offices in emerging markets, the Noble Denton name is synonymous with integrity and technical excellence. TIDEWATER Innovation and Experience lead to superior Mooring Technology. Vryhof anchors are by far the most applied in the Offshore Industry Design & manufacturing of anchors for drilling rigs, FPSO s and CALM buoy s Turnkey rental of the Stevtensioner with supervision for offshore installation Soil data analysis and mooring recommendation Stevtrack anchor position monitoring system Representation of manufacturers of mooring line components Vryhof Anchors Always a step ahead For More Information, Please Contact Bo Howard (Bo.Howard@questoffshore.com) 15

16 Clarity. Insight. Vision. Corporate Headquarters Quest Offshore Resources Inc. 77 Sugar Creek Blvd, Suite 5 Sugar Land, TX USA Main: (281) Fax: (281) Contact Josh Douglas Josh.Douglas@questoffshore.com Quest Offshore is a leading provider of industry analysis, tactical data, news, influential market intelligence reports, consulting and technical conferences to the offshore oil and gas industry. Our niche canvasses subsea technology, FPS fabrication, umbilicals, riser & flowlines, and marine construction segments globally. Quest is your source for strategic insight on the global deepwater oil & gas industry.