Rigorous Qualification and Development Program

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FMC Subsea High Capacity 20K Wellhead System Overview 03/20/2013 UWD HC-20 Subsea Wellhead System Rigorous Qualification and Development Program 2 1

Qualification program Qualification testing is performed above and beyond industry requirements to give you greater confidence API requires proof of design through FEA, calculation, or testing FMC does all three No scaling of PR2 testing All testing performed at in-house R&D facilities Qualification Program Robust Design Field Requirements 3 Qualification Summary Developed 18-3/4" 20K Wellhead System using proven technology Analyzed system using latest FEA techniques Successfully tested all components and tools, simulating field conditions from installation through completion 4 2

Technology leadership Innovative ideas and a deep understanding of the application of technology set us apart FMC has remained committed to investing in subsea technology development In-house R&D investments Construction of new technology centers Acquisitions Partnerships & JIPs Our development approach uses proven processes and best practices New Product Development Stage Gate Engineering Execution Process Next-generation drilling technology development Annular Monitoring Wellhead Fatigue Monitoring Riser Fatigue Monitoring Extreme HP/HT (20K, 350 F) 5 FMC Technologies Wellhead Systems Overview 6 3

UWD-10 slimbore wellheads Application Ideal to use with smaller riser systems Features 16-¾, 14-¾ and 13-5/8 nominal bore size Surface or subsea BOP Water depth range up to 10,000 ft (3,048 m) 27 H4 hub profile Modular, stackable design Rated for 10,000 psi and 250 degrees Fahrenheit Benefits Fewer installation tools required Single trip tools reduce installation time and cost Reliable metal-to-metal sealing 7 UWD-15 wellhead systems Application Ideal for shallow and deepwater drilling and production Features Water depth range up to 10,000 ft (3,048 m) 27 H4 hub profile Modular, stackable design Rated for 15,000 psi and 250 degrees Fahrenheit Benefits Fewer installation tools required Single trip tool design reduce installation time and cost Reliable metal-to-metal sealing 8 4

HC-15 and HC-20 systems HC-15 and HC-20 systems provide the highest casing hanger load capacities inside the high pressure housing First position hanger can suspend up to 2.0 MM lbs of casing with a 15,000 psi BOP test Second position hanger can also suspend up to 2.0 MM lbs of casing with a 20,000 psi BOP test HC-15 and HC-20 systems are identical except for the upper profiles and internal pressure ratings of the high pressure housings HC-15 uses an H-4 profile with 27 OD mandrel and has an internal pressure rating of 15,000 psi HC-20 uses an SHD H-4 profile with 30 OD mandrel and has a 20,000 psi internal pressure rating 9 Comparison of wellhead systems H-4 SHD H-4 15KSI annulus seal assembly 10-3/4 casing hanger 15KSI 15KSI annulus seal assembly 20KSI annulus seal assembly 10-3/4 casing hanger (20 KSI) 15KSI annulus seal assembly 14 casing hanger (15KSI) 13-5/8 casing hanger 15KSI 15,000 psi 250 F 20,000 psi 350 F 10 5

20K High Capacity Wellhead System 11 UWD-HC-20 18 ¾ Wellhead system Applications High pressure High temperature Ultra deep water Increased well depths 12 6

UWD-HC-20 18 ¾ wellhead system requirements System temperature 0 F to 350 F Wellhead pressure and loads 20,000 psi working pressure 30,000 psi test pressure Ability to suspend 4.0 Million lbs of casing inside the wellhead Casing pressure and loads 2.0 million lbs running weight on production, intermediate, and 16 SML casing strings 10% overpull for casing running tools (2.2 MM lbs total load) BOP tests 15,000 psi on 16 or 13-5/8 hangers and wear bushings (1 st position) 20,000 psi on 11-3/4,10-3/4, or 9-5/8 hangers and wear bushings (2 nd position) 13 UWD-HC 18 ¾ casing options Casing flexibility (8 strings max) LP housing: 42, 38, 36 Openwater strings: 32, 28 or both Wellhead housing: 24 through 22 Submudline systems: 18 and/or 16 1 st position casing hanger: 16 through 13 ⅜ 2 nd position casing hanger: 11 ¾ through 9 ⅝ 14 7

18 ¾ UWD-HC wellhead system open water equipment Multiple Open Water String Options UWD-HC System 42 /38 X 32 /30 X 28 /26 X 22 23 22-23 Casing 28 Casing (optional; can be run without running 32 casing) 32 Casing (optional) 38-42 Casing 15 18-¾ UWD-HC wellhead system submudline hangers 22 x 18 hanger is rated for 5,000 psi and 1.0 million lbs of casing 22 x 16 hanger is rated for 5,000 psi and 2.0 million lbs of casing 23 x 16 hanger is rated for 10,000 psi and 2.0 million lbs of casing 16 8

20K High Capacity Wellhead Components 17 UWD-HC-20 18 ¾ Wellhead System 38 HC Conductor Housing with SWF Receptacle 32 and 28 SWF Housings HC-20 18-3/4 Wellhead Housing w/ SHD H4 Profile HC 16 Submudline System 18 Submudline System 14 Casing Hanger 10-3/4 Casing Hanger 18 9

Major components and features Low pressure housing 42, 38, or 36 casing options 1.0 M lbs casing weight capacity Optional shallow water flow receptacle Run with HC SFB drill ahead tool Field proven design and functionality Field proven installation procedures 19 Major components and features Shallow water flow housings 32 and/or 28 housings available Can be run together or independently 1.0 M lbs casing weight capacity (each size) Run with 28/32 cam tool Field proven design and functionality Field proven installation procedures 20 10

Major components and features Wellhead housing HC-20 is 20,000 psi rated working pressure with SHD H4 profile (30 mandrel) HC-15 is 15,000 psi rated working pressure with H4 profile (27 mandrel) Preloaded to low pressure housing with HC rigid lock seal assembly Two independent sets of seat segments 1 st set: rated for 2.0 M lbs + 15,000 psi pressure end load 2 nd set: rated for 2.0 M lbs + 20,000 psi pressure end load 16 string can be set in the wellhead housing 21 Major components and features 18 Submudline System System is rated for 1.0 M lbs casing weight with 6,500 psi working pressure Casing hanger Solid Body Annulus seal assembly 6,500 psi working pressure Receptacle Run below wellhead housing (and 16 receptacle) Feature a collapsing load ring to support the casing hanger 22 11

Major components and features HC 16 submudline system System is rated for 2.0 M lbs casing weight with 10,000 psi working pressure Casing hanger Expanding load ring Annulus seal assembly 10,000 psi working pressure Receptacle Provides landing point for the casing hanger 23 Major components and features 1 st position casing hanger 2.0 M lbs casing weight capacity 15,000 psi working pressure 16 or 13-3/8 intermediate casing Run with HC 1 st position single trip tool Field proven design and functionality Field proven installation procedures Load tested to 2.2 million lbs and 15,000 psi 24 12

Major Components and Features 2 nd position casing hanger 2.0 M lbs casing weight capacity 20,000 psi working pressure 11-3/4, 10-3/4, or 9-5/8 production casing Run with HC 2 nd position single trip tool Field proven design and functionality Field proven installation procedures Load tested to 2.2 million lbs and 20,000 psi 25 Major components and features HC 18-3/4 annulus seal assemblies Metal-to-metal 20,000 psi working pressure bore pressure for HC-20 15,000 psi working pressure bore pressure for HC-15 Rated for 0 F 350 F production fluid temperatures Elastomer seal assemblies available Field proven design and functionality 26 13

Specialty tooling Isolation test tool Isolates BOP from annulus seal assembly test pressure (20,000 psi) Operates with straight in/straight out of hole function Seals isolate casing from test pressure Seals isolate BOP from test pressure Annulus seal assembly exposed to pressure 27 Existing tools used in HC system UWD-15 wellhead running tool 15,000 psi BOP test pressure 1.5 million lbs load capacity UWD-15 spring loaded tool Increased pressure capacity for 20,000 psi BOP test pressure 28 14

Installation of the 20K Wellhead System 29 Current Installations and Orders 1st FMC and Industry 20K Subsea Wellhead System installed in 2012 Current customer schedules indicate 3 more 20K Wellhead Systems to be installed in 2013 Quotes currently out for 12+ 20K wellhead systems 30 15

Why Operators Are Choosing 20K Wellhead Systems Increased Casing Capacity (Longer, Heavier Casing Strings Possible) o Starting to see 1,000,000+ lbs string weights for each casing hanger inside of the wellhead due to industry shift to 14 heavy wall casing o 2,000,000 lbs of casing capacity available in each of the 16 Submudline, 14, and 11-10 ¾ casing strings Increased Temperature Rating o Metal Annulus Seal Assemblies rated for 350F o Elastomer Annulus Seal Assembly (Emergency) rated for 300F Working Pressure of 20,000 psi o Shut-in pressure calculations are indicating pressures could reach or exceed 15,000 psi at the wellhead (conservative) o Newer fields have seismic data indicating production pressures greater than 15,000 psi 31 16