DUAL MULTI-PURPOSE TOWER ENGINEERED TO CUT ULTRA-DEEPWATER WELL DELIVERY COSTS

DUAL MULTI-PURPOSE TOWER ENGINEERED TO CUT ULTRA-DEEPWATER WELL DELIVERY COSTS 30% EFFICIENCY GAIN, A DREAM COMING TRUE

Houston, Texas, USA

Rio de Janeiro,

Brazil

Sviadnov, Czech Republic

The Netherlands: Schiedam (head office)

Breda Enschede

Drachten (50%)

Fujian, China

Singapore

Santa Catarina, Brazil Perth,

Australia

Bergen, Norway

Total staff: 3000 fixed and flex

Production facility Sales, Engineering or Service facility ABOUT HUISMAN

GLOBAL OPERATIONS

ABOUT HUISMAN WHERE WE ARE

Schiedam, Netherlands Santa Catarina, Brazil

Sviadnov, Czech republic Fujian, China

PRODUCTS ROLLER COASTERS - VEKOMA

ABOUT HUISMAN PRODUCTS: CRANES

ABOUT HUISMAN PRODUCTS: PIPELAY

DRILLING: CONTINUOUS DEVELOPMENT

2012

Drilling system integrated in vessel

2001

Introduction MPT for

Well Intervention

2010

DMPT with pipe handling drilling systems

Input drilling contractors

Input naval (Huisman)

Input oil companies

2005

Introduction LOC land rig

1996 Amethyst

Start of innovation

Idea of MPT

FWD to DMPT

WHY A NEXT GENERATION DRILL SHIP NEEDED NOW?

WHY A NEXT GENERATION DRILL SHIP NEEDED NOW?

Source: Energy Markets and Investment Decision Susan Farrell Upstream June 2014

WHY A NEXT GENERATION DRILL SHIP NEEDED NOW?

Source: Bloomberg, FactSet and Goldman Sachs Global Investment Research

http://www.google.com/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&uact=8&ved=0CAcQjRw&url=http://www.marketoracle.co.uk/Article48972.html&ei=-qMrVY_UC4SxPY6mgZgM&bvm=bv.90491159,d.d2s&psig=AFQjCNFhRMYJVIFpNR7MVVIzj0g9Jlh6sQ&ust=1429009743412620

WHY A NEXT GENERATION DRILL SHIP NEEDED NOW? WHERE CAN WE IMPROVE?

Source: Paul Pastusek, Exxon, October 2014!

Plenty room for improvement

The 80/20 Split Exxon Global Rig Activity Time Breakdown* - 2013 (Floaters)

WHY A NEXT GENERATION DRILL SHIP NEEDED NOW?

EINSTEIN We cannot solve our

problems with the same thinking we used when we created them.

Everything should be made as simple as possible, but not simpler.

WHY A NEXT GENERATION DRILL SHIP NEEDED NOW? BULLY AND GLOBETROTTER DRILL SHIPS

Noble Globetrotter I VDL: 20000mt Displ.: 54000mt Integrated design by Huisman

Noble Bully I VDL: 12000mt Displ.: approx. 53000mt

DUAL MULTI PURPOSE TOWER (DMPT)

The Efficiency Enabler

SCOPE

DMPT SCOPE

TRADITIONAL LOOK FUNCTIONAL LOOK

(1996)

NEW LOOK SINGLE MPT DUAL MPT

DMPT A NEW WAY OF ORGANIZING

DMPT A NEW WAY OF ORGANIZING

Offline activities: Stand building BOP & riser running Tree running

Tophole drilling Landing BOP Drilling Completions

Can be manned when drill floor is

operated in automated mode

Restricted area when in auto-

mode

DMPT PIPE HANDLING VERTICAL PIPE HANDLING Main hoist: drilling

Auxiliary hoist: offline stand building

Rotate stands to racker instead of translate racker to stands

135ft stands (3 x 45ft or 4 x 30ft)

DMPT EFFICIENCY

SPLITTABLE BLOCKS: 16 / 12 / 8 / 4 FALLS

PUSH BUTTON OPERATION < 50 [sec]

16 FALLS 4 FALLS

DMPT REDUNDANCY

For example: 4 reeving

Power SWB1

Power SWB2

Dual Active Heave Compensation

Dual Passive Heave Compensation Also acts as protection system during AHC

Excellent heave comp. performance

No Cut & Slip

DMPT INSIDE MAINTENANCE

FEATURES

Machinery in tower Stairs to top of tower

Personnel elevator

DMPT BRIDGE PASSAGE

Noble Globetrotter II drill ship Bosporus passage Fast, bridge passage in 10 days Utilizing vessels own crane

AUTOMATION

WHY AUTOMATION? SAFETY HEALTH, SAFETY, PREDICTABLE QUALITY People still work in one of the most dangerous spots on earth

1000 times right, #1001 wrong (accident, incident or bad quality)

AUTOMATION ANALOGY WITH OTHER INDUSTRIES

Traditional drill floor

Hand work

Drill floor Globetrotter

Mechanized

Drill floor HuisDrill 12000

Robotics

Development car industry

Development drilling industry

MULTI FUNCTIONAL MANIPULATORS 3 manipulators per corner, enabler for longer stands: 180ft Each manipulator can operate individually or synchronized

3 simple motions: vertical, horizontal and rotating

Automation enabler

Tripping speed: 5000 ft/hr

Based on existing technology

DMPT NEW PIPE HANDLING SYSTEM

DMPT PIPE HANDLING SYSTEM

MULTI FUNCTIONAL MANIPULATORS Tools can quickly be connected to manipulators

Dedicated pipe grippers

Drill pipe spinner/wrench

Casing make up modules

Riser running tools

Man-riding baskets

Etc. Tools parked in tool rack

Right App for the job Offline tool maintenance

+

Drilling and tripping

speed increased

Less connections

Stand length: 180ft

6 x 30ft or 4 x 45ft

5000ft/hr tripping speed

Stand length: 135ft

4 x 30ft or 3 x 45ft 13

5ft 9

2m

180f

t 81m

DMPT 180FT STANDS

DMPT SETBACK DRUM CAPACITY

INCREASED SETBACK DRUM CAPACITY Modular design: 6 segmented exchangeable fingerboards

New design 8200mm : DP 7 280 x 180ft (50400ft); CSG 16 64 x 180ft (11520ft)

Unrestricted simultaneous Casing stand building and Casing running (same speed)

Offline maintenance On deck or in workshop

1

2

3 4

5

6

DMPT NEW PIPE HANDLING SYSTEM

MULTI FUNCTIONAL MANIPULATORS Tripping

Using 2 sets handlers for 1 well center

SKIDDING HANG OFF TABLE Special designed U-shaped clamp

Clamping 3-1/2 9-3/4 w/o changing inserts

Opening up to 21 ID

Clamp can skid out of well center After skidding opening is 75-1/2

2nd clamp for CSG or backup (w/ standard rotary table interface)

DMPT INNOVATIVE ROTARY TABLE DRILLING SIDE

Less handling of power Slips and bushings Safety, time saving

75-1/2 opening

DMPT INNOVATIVE ROTARY TABLE DRILLING SIDE

DMPT INNOVATIVE TRAVELLING BLOCK

IMPROVED TRAVELLING BLOCK DESIGN Travelling block with pipe clamp

Topdrive without pipe handling function

Topdrive removable / exchangeable

Multiple pipe clamps can be stored

Traditional New

Topdrive not in heavy load path

Less complex topdrive

Broken topdrive main shaft

during high load (riser running)

Avoiding:

Red = load path

FULL ROBOTICS 3.0 mln lbs rated load (1360mt)

Handling 180ft stands

Handling 150ft risers

Auto-tripping

Full scale setback drum

Plug & play Apps

Dual rotary

Simulate vessel motions

(+/- 2dgr roll in 7 sec)

test hole for testing downhole tools etc. ( 3m x 50m, 20 x 400m)

MPT TEST TOWER

90m

You are welcome to witness true automation.

OPERATIONAL Q4 2015

HUISDRILL 12000 DRILL SHIP

HUISDRILL 12000 THE NEXT GENERATION

Drill floor FLUSH with work deck Large functional deck space Below deck: Ventilation, mooring etc. Cement unit and cuttings handling Burner booms

HUISDRILL 12000 BOP/XT HANDLING SKIDDABLE CONSTRUCTION FLOOR & BOP SKID CARTS Two BOPs can be stored and skidded to well center Construction floor skids aft to create space for large objects (BOP/XT)

HUISDRILL 12000 150FT RISERS (TRADITIONAL 75-90FT) 150FT RISER Storage for 13200ft of risers below deck Semi-automated riser running in 150ft lengths 2 large work shops for maintaining risers

Riser running speed

dramatically increased

HUISDRILL 12000 BOP/XT HANDLING AND RISER RUNNING

HUISDRILL 12000 COMPLETIONS

Modular completion skid Enabled by open character tower

Enabled by flush drill floor

Offline prepared / commissioned

Major IOC: 50% time saving on

completion operations

?!

HUISDRILL 12000 VESSEL COMPARISON

Note *: with 20000mt payload

Typical drill ship HuisDrill 12000 DMPT Capacity 2.5 + 2.0 [mln lbs] 2 x 3.0 [mln lbs] (option 2 x 3.6 mln) Stand length 135 [ft] 180 [ft] Payload, VDL 20000 [mt] 30000 [mt] Water depth 3000-3600 [m] 4000 [m] Vessel size 230 [m] x 42 [m] 208 [m] x 36.4 [m] Displacement 94000-100000* [mt] 60000* [mt] Wind area 6600 [m2] 4500 [m2] Thruster power/Displ. 0.33* [kW/mt] 0.38* [kW/mt] (option 0.55 [kW/mt])

Typical drill ship

HuisDrill 12000

Large functional deck space

HuisDrill 12000: 4600m2

Transport cart

SAVINGS

SAVINGS LESS MAINTENANCE AND IMPROVED REDUNDANCY

LESS MAINTENANCE Machinery inside (winches, RTs, heave comp, cement unit, etc.)

Offline maintenance (manipulators, topdrive, power slips, tools in the app store)

Modular machines

Good accessibility

IMPROVED REDUNDANCY Dual drawworks, dual Passive Heave Compensators and Active heave system

Dual power slips, Dual moonpool skid carts, Dual setback drums

12 manipulators

Both sides full load capacity

SAVINGS `

TIME SAVING Separated work floors, flush with work deck Riser running in 150ft joints (vs 75-90ft) 180ft stands (vs 135ft) Dual skiddable rotary tables Automation / robotics ---5000ft/hr tripping No slip-n-cut drill line App store Faster completion operations Dual mud system + completion fluids system

Overall saving: 30% lower costs per well

20%

24%

DWOP 1

DWOP 2

OPEX SAVING Most equipment inside Less & offline maintenance Redundancy (reducing NPT) Fuel

SAVINGS FUEL CONSUMPTION

Days per well Fuel per day Fuel per well [%] [%] [%]

Typical drill ship 100 100 100 HuisDrill drill ship 75 66 50 Savings 25 33 50%

Typical drill ship

HuisDrill 12000

50% less CO2, Nox per well

SUMMARY

DMPT + HUISDRILL 12000 DRILL SHIP GAME CHANGING TECHNOLOGY

Automated DMPT drilling system Storage and running of 150ft risers Storage and running of 180ft stands Drill floor flush with work deck Drill floor physically separated from

construction floor Enhanced logistics

Two skiddable rotary tables on drill floor Very large functional deck space (4600m2) Large payload: approx. 20000* / 30000mt Triple mud system, offline cleaning MPD/DGD ready Can sail through Bosporus, Suez & Panama Faster completion operations

30% LOWER OVERALL COSTS PER WELL

Size: 208m x 36.4m

DMPT: 2 x 3.0mln lbs

Optional 2 x 3.6 mln lbs

Water depth: 4000m

Displacement: 58000* / 68000 mt

INTEGRATED DRILLING SYSTEM

30% EFFICIENCY GAIN, A DREAM COMING TRUE

COMPARISON Traditional derrick / DMPT

COMPARISON SIDE VIEW

15-2

0m

92m

40m

81m

9-12m

55-6

0m

17.6m

Drill floor above deck 0m, flush 15-20m Wind area Small Large V-door limitation No Yes Machinery Inside Outside Riser Tensioner sus. Low High VCG Low High Construction Welded,

limited bolts 18,000 bolts

DM

PT

Der

rick

180ft stands 135ft stands

Increased safety

COMPARISON MOTIONS ON RIG FLOOR

23-2

8m

11m

DERRICK High drill floor

Increased sideways movement

DMPT Flush drill floor

Low sideways movement

Increased safety

COMPARISON RISER TENSIONERS

CONVENTIONAL DERRICK Outside derrick More maintenance due to sea

environment 4 falls, more bending reversals of wire Oil pollution risk High CoG

HUISMAN DMPT Inside vessel hull Protected from environment Easy access for maintenance (safety) 2 falls, less bending reversals of wire No oil pollution risk Low CoG

COMPARISON DRILL FLOOR

CONVENTIONAL DERRICK Large footprint (24m x 18m) Multiple operations on one floor

HUISMAN DMPT Small footprint (8m x 25m) Offline operations separated from

(automated) drilling operations

31m

12.2m

31m

17.6m

19m 24m

22m

SEPA

RAT

ION

Red zone = dangerous area

COMPARISON LAYOUT DRILL FLOOR

CONVENTIONAL DERRICK HUISMAN DMPT All operations on one drill floor People will operate near mechanized

equipment No physical separation between well

centers

Construction side physically separated from drilling side

Allows manual operations aft construction side during automated drilling

Drill floor Construction

floor

COMPARISON DROPPED OBJECTS

CONVENTIONAL DERRICK Lots of overhead equipment Many derrick bolts

HUISMAN DMPT Large reduction in overhead

equipment Welded box structure

75-80% reduction of potential dropped objects!

DUAL MULTI-PURPOSE TOWER ENGINEERED TO CUT ULTRA-DEEPWATER WELL DELIVERY COSTSDUAL MULTI-PURPOSE TOWER ENGINEERED TO CUT ULTRA-DEEPWATER WELL DELIVERY COSTSABOUT HUISMANGLOBAL OPERATIONSABOUT HUISMANWHERE WE AREPRODUCTSROLLER COASTERS - VEKOMAABOUT HUISMANPRODUCTS: CRANESABOUT HUISMANPRODUCTS: PIPELAYSlide Number 8Slide Number 9Why a next generation drill ship needed Now?Why a next generation drill ship needed Now?Why a next generation drill ship needed Now?WHERE CAN WE IMPROVE?Why a next generation drill ship needed Now?WHY A NEXT GENERATION DRILL SHIP NEEDED NOW?BULLY AND GLOBETROTTER DRILL SHIPSSlide Number 15DMPTSCOPEDMPTA new way of organizingDMPTA new way of organizingDMPTPipe handlingDMPTEfficiencyDMPTREDUNDANCYDMPTINSIDE MAINTENANCESlide Number 23Slide Number 24Why Automation?SafetyAUTOMATIONANALOGY WITH OTHER INDUSTRIESDMPTNEW PIPE HANDLING SYSTEMDMPTPIPE HANDLING SYSTEMDMPT180ft STANDSDMPTSETBACK DRUM CAPACITYDMPTNEW PIPE HANDLING SYSTEMDMPTinnovative rotary table DRILLING SIDEDMPTinnovative rotary table DRILLING SIDEDMPTinnovative travelling blockMPTTEST TOWERSlide Number 36HUISDRILL 12000THE NEXT GENERATIONHUISDRILL 12000BOP/XT HANDLINGHUISDRILL 12000150ft RISERS (traditional 75-90ft)HUISDRILL 12000BOP/XT HANDLING AND RISER RUNNINGHUISDRILL 12000CompletionsHUISDRILL 12000VESSEL COMPARISONHUISDRILL 12000DECK SPACE COMPARISONSlide Number 44SAVINGSLESS MAINTENANCE AND IMPROVED REDUNDANCYSAVINGS`SAVINGSFUEL CONSUMPTIONSlide Number 48DMPT + HUISDRILL 12000 drill shipGAME CHANGING TECHNOLOGYIntegrated drilling systemSlide Number 51COMPARISONSIDE VIEWCOMPARISONMotions on rig floorCOMPARISONRiser tensionersCOMPARIsONDRILL FLOORCOMPARISONLayout drill floorCOMPARISONDropped objects