6. Feb. 2009 - København Vinterkonferanse 2009 Norsk Forening for Ledende Bore og Brønnpersonell

6. Feb. 2009 - København Vinterkonferanse 2009 Norsk Forening for Ledende Bore og Brønnpersonell Maersk s erfaringer med drift av rigger i Norge, resten av nordsjøen vs resten av verden v. CTO Gregers Kudsk

Agenda AP Moller Maersk Maersk Drilling & Maersk FPSO s Norwegian Operations Maersk Rigs in Norway Operational Challenges Automated Equipment Special Operations Froy Norway Yme Norway Huldra Norway Otway Australia Volve Norway Norway versus international operations Maersk Drilling Newbuildings Questions

Corporate Headquarters

History It all began in 1904..when Arnold Peter Møller partners with his father to buy a second-hand steamer in Svendborg, Denmark 1965: A.P. Møller passes away, leaving his son Mærsk Mc-Kinney Møller in charge of the growing family business 1993: After piloting the company through a period of steady growth, Mærsk Mc-Kinney Møller withdraws from day-to-day management 2003: Mærsk Mc-Kinney Møller resigns as Chairman of the Board of Directors, and Michael Pram Rasmussen is appointed as the new chairman

Constant Care My old saying No loss should hit us which can be avoided with constant care this must be a watchword throughout the entire organisation A. P. Møller in a letter to Mærsk Mc-Kinney Møller, December 2nd 1946

The A.P. Moller - Maersk Group 110,000 employees 250 offices in 130 countries Headquartered in Copenhagen Activities include: shipping (container ships, tankers, gas and bulk carriers) exploration for and production of oil and gas drilling floating production towing and anchor handling shipbuilding supermarkets

Maersk Drilling and Maersk FPSOs history Maersk Drilling 1972 First new-building 1975 Egyptian Drilling Company 1976 Floating Production 1994 Maersk Contractors 1995 Maersk Drilling & Maersk FPSOs 2008

Fleet - owned units Harsh environment jack-ups (6) MÆRSK INNOVATOR MÆRSK INSPIRER MÆRSK GALLANT MÆRSK GIANT MÆRSK GUARDIAN MAERSK ENDURER 350 ft jack-ups (4) MAERSK RESILIENT MÆRSK RESOLUTE HIGH EFFICIENCY 3 HIGH EFFICIENCY 4 Barges (10) MAERSK RIG 12 MAERSK RIG 41 MAERSK RIG 42 MAERSK RIG 44 MAERSK RIG 45 MAERSK RIG 52 MAERSK RIG 61 MAERSK RIG 62 MAERSK PIONEER MAERSK PATHFINDER Semi-submersible (4) MAERSK EXPLORER MÆRSK DEVELOPER DEEPWATER SEMI 2 DEEPWATER SEMI 3 Floating production units (4) NKOSSA II (FGSO) NORTH SEA PRODUCER (FPSO) MAERSK CURLEW (FPSO) MAERSK NGUJIMA-YIN (FPSO) 375 ft jack-ups (2) MAERSK COMPLETER MAERSK CONVINCER TOTAL FLEET: 26 DRILLING RIGS, 4 FPSOs, 4 UNITS OPERATED ON MANAGEMENT CONTRACTS

Fleet - managed units Semi-submersible KAN TAN IV NAN HAI VI Floating production units ALVHEIM (MARATHON) Jack-ups ENERGY ENDEAVOUR TOTAL FLEET: 26 DRILLING RIGS, 4 FPSOs, 4 UNITS OPERATED ON MANAGEMENT CONTRACTS

Fleet Egyptian Drilling Company (EDC) Land Rigs (39) Jack-ups (3) Workover rigs (22) EDC RIG 1 EDC RIG 3 EDC RIG 4 EDC RIG 5 EDC RIG 7 EDC RIG 8 EDC RIG 9 EDC RIG 10 EDC RIG 11 EDC RIG 14 EDC RIG 16 EDC RIG 17 EDC RIG 18 EDC RIG 19 EDC RIG 40 EDC RIG 41 EDC RIG 42 EDC RIG 43 EDC RIG 44 EDC RIG 45 EDC RIG 46 EDC RIG 47 EDC RIG 48 EDC RIG 49 EDC RIG 50 EDC RIG 51 EDC RIG 52 EDC RIG 53 EDC RIG 54 EDC RIG 55 EDC RIG 56 EDC RIG 57 EDC RIG 58 EDC RIG 61 EDC RIG 62 EDC RIG 63 EDC RIG 64 EDC RIG 65 EDC RIG 66 SENUSRET KAMOSE ZOSER EDC RIG 2 EDC RIG 90 EDC RIG 6 EDC RIG 91 EDC RIG 12 EDC RIG 92 EDC RIG 15 EDC RIG 93 EDC RIG 82 EDC RIG 94 EDC RIG 83 EDC RIG 95 EDC RIG 84 EDC RIG 96 EDC RIG 85 EDC RIG 97 EDC RIG 86 EDC RIG 98 EDC RIG 87 EDC RIG 99 EDC RIG 88 EDC RIG 89 TOTAL FLEET: 39 LAND RIGS, 3 JACK-UPS, 22 WORKOVER RIGS

Fleet location for Maersk Drilling and Maersk FPSOs North Sea 6 Harsh envir. jack-ups 1 Harsh envir. jack-up, mng 2 FPSOs 1 FPSO - mng Egypt Caspian Sea 1 Semi-submersible UAE 1 High efficiency jack-up 1 Harsh envir. jack-up Venezuela West Africa Egypt (EDC) 10 Drilling barges 1 FGSO 3 Jack-ups Port of Spain 39 Land rigs 1 semi-sub - mng 22 Workover rigs Brunei 2 375 ft jack-up Singapore (under construction) 2 High efficiency jack-ups 3 Deepwater semi-subs Australia 1 FPSO 1 semi-sub - mng No. of employees: 9,210

Safety 1985-2008 Lost Time Incident (LTI) Frequency per Million Work Exposure Hours 1985-2008 for Maersk Drilling & FPSOs incl. Administration; Danish Industry Total; IADC Industry Total Drilling & Floating Prod. IADC DK Industry Frequency 60 55 50 45 40 35 30 25 20 15 10 5 0 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08

First Jack-up in Norwegian waters MÆRSK GUARDIAN On location 19 years ago (15. Feb. 1990) @ Ekofisk 2/4 W

Maersk Rigs in Norway MÆRSK GUARDIAN 1990-2002, 2007-- MÆRSK GALLANT 1993-2002, 2003---------------------------- MÆRSK GIANT 1994----------- 2004, 2005---------- MÆRSK INNOVATOR 2002---- 2004,2004---------------- MÆRSK INSPIRER 2007--

Jack-up locations in Norway

Operational Challenges in Norway Hands off operations Rules & Regulations Deeper water Crew working conditions

Automated Equipment MÆRSK DRILLING has been in the forefront with: Automated tripping Drillers Cabins Standbuilding while drilling Foxhole Pipe transfer to cantilever Increased efficiency

1985 2002

Traditional derrick drill floor versus New derrick drill floor Drill pipe Set back Drill pipe Set back Casing Set back Well Center Casing 42 Well Center Casing 42 Foxhole for Drillpipe only Foxhole for Drillpipe & Casing e\262

Comparison Traditional versus New Technology 0 Depth in feet -2000-4000 -6000 Time saved: 4.9 days = 20.8% -8000-10000 Time saved -12000-14000 0 5 10 15 20 25 30 35 40 Days Traditional Performance Future performance

Drillers in control

Improved layout of deck

MÆRSK GALLANT @ Froy 1994-1996 120 m Water depth Skid off operation

Simultaneous Drilling and Production MÆRSK GIANT @ YME Nov. 1995 to Feb. 2001

MÆRSK GIANT @ YME (2008) Back at Yme Support of Caisson while drilling, prior to topside being installed

MÆRSK GALLANT @ Huldra

MÆRSK GUARDIAN Otway Project Jacket: 2100 tons upended and lowered to seabed Topside: 600 tons lifted and installed on top of jacket

MÆRSK GUARDIAN Otway Project Pilling and installation of topside

MÆRSK GUARDIAN leaving Bass Strait

Volve Field Development Project Flare Combined drilling and prodution unit Wellhead Module Process Module

Volve Field - Location

Maersk Inspirer for Volve Advantages of the XL rigs 150 m harsh environment water depth capability Minimum 25% more efficiency Simultaneous operations Variable deck load in excess of 10,000 tons Extensive available deck space Extended cantilever reach Improved working environment Environmentally friendly features Accommodation for 120 personnel

Volve - Operations Phase Combined operation Duration between 3 and 10 years (7 years expected) Drilling of 13 (15) wells Export of oil to Navion Saga Export of gas to Seipner Øst Template Perspectives Drilling of nearby marginal fields Oil tie in to Volve Gas export to Sleipner A Template

Consequence of Norwegian compliance Volve Project Norsok Compliance Comprehensive but clear requirements for construction etc Well know in Norwegian industry MD partly use Norsok on FPSO outside Norway as construction Standard Clear working environment requirements which for the most part are good and reasonable. Access for maintenance etc. is a good example of this However requirements to Noise and analysis of workspaces for instance seems over the top AOC For production unit/verification It can be expensive to get an AOC (Volve was the first production AOC) The use of DNV Prod N notation made it practical with regards to third party verification, testing and approval

Consequence of Norwegian compliance General for drilling rigs Yard cost Extra yard cost of 10-15 % on identical units - Real or perceived? At least some documentation cost and analysis cost are real Equipment Mechanical pipe handling is mandatory but MD install this anyway ref new HE rigs which where not meant for Norwegian operation MD where the first to have it and follow up on old rigs ref Gallant, Giant & Guardian Crew Due to the rotation people are away from the job a long time (4 weeks) giving less exposure/experience relating to different operational issues People do not get the experience as fast as in "international" operation giving slower promotion from an international perspective

Current projects/newbuildings

Questions?