Deepwater Subsea Test Tree (SSTT) & Thru Drilling Riser Intervention Riser System (TDR-IRS)

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Deepwater Subsea Test Tree (SSTT) & Thru Drilling Riser Interventin Riser System (TDR-IRS) 09121-3500-07 Bill Parks DTCInternatinal Internatinal, Inc. Ultra-Deepwater Drilling, Cmpletins, and Interventins TAC Meeting May 24, 2012 Sugar Land, Texas 1

RPSEA Prject #08121-2301-03: PROJECT SUMMARY Deepwater Open Water Riser Interventin System (OW-IRS) Well Cntrl Package (WCP) Emergency Discnnect Package (EDP) Interventin Cntrl System (ICS) Subsea Lubricatr/Winch Package (SLWP) [Future Upgrade] RPSEA Prject #09121-3500-07: Deepwater Subsea Test Tree (SSTT) & Thru Drilling Riser Interventin System (TDR-IRS) Subsea Test Tree (SSTT) Interventin Riser System (IRS) Surface Tree (ST) 2 2 Tgether Frm a Fully Integrated Subsea Well Interventin System (SWIS)

3 3 STATUS Held Preliminary System Level Design Review n 25 April 2012. Participants were: Anadark Chevrn Statil Circulated Preliminary Design Review Material fr Review and Cmment Received Cmments t Preliminary Design Review frm: Anadark BP Chevrn Statil Incrprating Cmments int Revised Basis f Design 2 nd System Level Design Design Review planned fr mid-june Basis f Design t be finalized and System Architecture and Design BAsis Reprt t be submitted by 30 June 2012 Currently perfrming Technlgy Gap Analysis f Key Cmpnents Several Cmpnents will require Develpment and Qualificatin N Shw-Stppers» Identified

SWIS SYSTEM BLOCK DIAGRAM Surface Tree 6 3/8" - 20 ksi Interventin Cntrl System Interventin Vessel SUBSEA WELL INTERVENTION SYTEM (SWIS) Interventin Subsea Subsea Riser Wireline System Ciled Tubing System 63/8" - 20, ksi 63/8" - 15k ksi i(20k ksi) 5" - 15 ksi (20 ksi) 08121-2300-03 Open-Water Riser Interventin System Scpe f Supply 09121-3500-07 Subsea Test Tree & Interventin Riser System Scpe f Supply Future Scpe f Supply Subsea Test Tree (SSTT) 6 3/8" - 20 ksi Emergency Discnnect Package 6 3/8" - 20 ksi Well Cntrl Package 6 3/8" 15 ksi (20 ksi) ROV System & Tling Hrizntal / Vertical Tree 5" - 10 ksi Hrizntal / Vertical Tree 5" - 15 ksi Hrizntal / Vertical Tree 4" - 20 ksi 4 Legend 10 ksi 15 ksi 20 KSI 15ksi upgradabel t 20 ksi

SWIS BASIS OF DESIGN Minimum Bre Size 6 3/8 Dia. (6.35 Dia. Drift) Pressure Rating 20,000 psi (15,000 psi fr BOP & Safety Head) Temperature Class Rating X - 0 t 350 deg F (0 t 300 deg F fr BOP & Safety Head) Material Class Rating EE (H 2 S Service) r better Prduct Specificatin level PSL 3G Water Depth Rating 12,000 ft. Operating Mdes Thru Drilling Riser Interventin Mde Open Water Riser Interventin Mde Riserless Interventin Mde [Future Upgrade] Cntrl System EH/MUX Applicable fr use n bth Hrizntal & Vertical Trees Applicable fr use n 10,000 psi, 15,000 psi and 20,000 psi Trees Design Life 20 years @ 50% Utilizatin 5

6 6 SWIS P & ID

WCP & EDP Well Cntrl Package (WCP) WCP Cnnectr (18 3/4 20 ksi Vetc SHD-H4) Safety Shear Head (6 3/8 15 ksi) [Upgradable t 20 ksi] Triple Ram BOP (6 3/8 15 ksi) [Upgradeable t 20 ksi] Prductin Islatin Valve (6 3/8 20 ksi Gate Valve w/ Shear Gate) WCP RE-Entry Hub (13 5/8 20 ksi Vetc DW-H4) Crssver Valve (2 1/16 20 ksi Gate Valve) Annulus Access Valve ( 2 1/16 20 ksi Gate Valve) Circulatin Valves (2 1/16 20 ksi Gate Valves) Circulatin/Kill Valve (2 1/16 20 ksi Gate Valve) Chemical Injectin Valves (1/2 20 ksi Gate Valves w/ Integral Check Valves) Emergency Discnnect Package (EDP) 7 EDP Cnnectr (13 5/8 20 ksi Vetc DW-H4) Retainer Valve (6 3/8 20 ksi Gate Valve) Annular BOP (6 3/8 15 ksi) [Future Upgrade] Circulatin Valve (2 1/16 20 ksi Gate Valve) Chemical Injectin Valves(1/2 20 ksi Gate Valves w/ Integral Check Valves)

WCP & EDP Well Cntrl Package (WCP) WCP Cnnectr (18 3/4 20 ksi Vetc SHD-H4) Safety Shear Head (6 3/8 15 ksi) [Upgradable t 20 ksi] Triple Ram BOP (6 3/8 15 ksi) [Upgradeable t 20 ksi] Prductin Islatin Valve (6 3/8 20 ksi Gate Valve w/ Shear Gate) WCP RE-Entry Hub (13 5/8 20 ksi Vetc DW-H4) Crssver Valve (2 1/16 20 ksi Gate Valve) Annulus Access Valve ( 2 1/16 20 ksi Gate Valve) Circulatin Valves (2 1/16 20 ksi Gate Valves) Circulatin/Kill Valve (2 1/16 20 ksi Gate Valve) Chemical Injectin Valves (1/2 20 ksi Gate Valves w/ Integral Check Valves) Emergency Discnnect Package (EDP) 8 EDP Cnnectr (13 5/8 20 ksi Vetc DW-H4) Retainer Valve (6 3/8 20 ksi Gate Valve) Annular BOP (6 3/8 15 ksi) [Future Upgrade] Circulatin Valve (2 1/16 20 ksi Gate Valve) Chemical Injectin Valves(1/2 20 ksi Gate Valves w/ Integral Check Valves)

SSTT 9 Full Bre Design (18 1/2 OD x 6 3/8 ID) Rated fr 1 MM lbs @ 20 ksi Tubing Hanger Adapter Jint Lwer Pack-Off Jint (9 5/8 OD Pack-ff Dia.) Dual Ball Valves (1 Cutting, 1 Sealing) Rise Circulatin Valve 4-Off Chemical Injectin Valves Emergency Discnnect Mdule Shear Jint Retainer Valve Riser Vent Valve Upper Pack-Off Jint (13 3/8 Pack-Off Dia.) EH/MUX Cntrl Mdule 32 Functins Wireless Backup (thru wall f Drilling Riser) Accumulatr Mdule(s) Riser Adapter

10 SSTT SCHEMATIC

11 WCP/EDP SCHEMATIC

WCP FUNCTION LIST 12 Lcatin Functin Pressure SCM Wedge N. Size Rating -(WCP) CONTROL PACKAGE H SCM 1 - WELL Wedge 8 Wedge 7 Wedge 6 ECM Wedge 5 Wedge 1 Wedge 2 Wedge 3 Wedge 4 Subsea Test Tree (SSTT) Interventin Riser System (IRS) Riserless Interventin System (RIS) Cmments H-148 3,000 psi Pilt Vent Pilt Vent H-147 3,000 psi Pilt Supply Pilt Supply H-132 3,000 psi Nt Used Nt Used H-131 3,000 psi Nt Used Nt Used H-130 3,000 psi Accumulatr Dump Valve Open Accumulatr Dump Valve Open H-129 3,000 psi Accumulatr Charge Valve Open Accumulatr Charge Valve Open H-146 10000 psi Hydraulic Supply Pressure Hydraulic Supply Pressure H-145 10000 psi Accumulatr Pressure Accumulatr Pressure H-128 3,000 psi Chemical Injectin Valve 8 Open Chemical Injectin Valve 8 Open Spring Return H-127 3,000 psi Chemical Injectin Valve 7 Open Chemical Injectin Valve 7 Open Spring Return H-126 3,000 psi Chemical Injectin Valve 6 Open Chemical Injectin Valve 6 Open Fail Safe Clse H-125 3,000 psi Chemical Injectin Valve 5 Open Chemical Injectin Valve 5 Open Fail Safe Clse H-144 3,000 psi Nt Used Nt Used H-143 3,000 psi Nt Used Nt Used H-124 3,000 psi Chemical Injectin Valve 4 Open Chemical Injectin Valve 4 Open Fail Safe Clse H-123 3,000 psi Chemical Injectin Valve 3 Open Chemical Injectin Valve 3 Open Fail Safe Clse H-122 3,000 psi Chemical Injectin Valve 2 Open Chemical Injectin Valve 2 Open Fail Safe Clse H-121 3,000 psi Upper By-Pass Valve Upper By-Pass Valve Fail Safe Clse H-142 3,000 psi LP Vent LP Vent H-141 3,000 psi LP Supply LP Supply H-120 3,000 psi Annulus Islatin Valve Open Annulus Islatin Valve Open Fail Safe Clse H-119 3,000 psi Upper Crssver Valve Open Upper Crssver Valve Open Fail Safe Clse H-118 3,000 psi Middle Crssver Valve Open Middle Crssver Valve Open Fail Safe Clse H-117 3,000 psi Lwer Crssver Valve Open Lwer Crssver Valve Open Fail Safe Clse E-108 4-Pin Flw Meter Flw Meter E-107 ---- Spare Spare E-106 4-Pin Pressure Transducer 7 & 8 Pressure Transducer 7 & 8 E-105 4-Pin Pressure Transducer 5 & 6 Pressure Transducer 5 & 6 E-104 4-Pin Pressure Transducer 3 & 4 Pressure Transducer 3 & 4 E-103 4-Pin Pressure Transducer 1 & 2 Pressure Transducer 1 & 2 E-102 4-Pin Pwer / Cmms 2 Pwer / Cmms 2 E-101 4-Pin Pwer / Cmms 1 Pwer / Cmms 1 H-140 3,000 psi Nt Used Nt Used H-139 3,000 psi Nt Used Nt Used H-116 3,000 psi Annulus Access Valve Open Annulus Access Valve Open Fail Safe Clse H-115 3,000 psi Lwer By-Pass Valve Open Lwer By-Pass Valve Open Fail Safe Clse H-114 3,000 psi Prductin Islatin Valve Clse Prductin Islatin Valve Clse Fail Safe Clse w/ Pressure Assist H-113 3,000 psi Prductin Islatin Valve Open Prductin Islatin Valve Open H-138 3,000 psi Nt Used Nt Used H-137 3,000 psi Nt Used Nt Used H-112 3,000 psi Upper Ram Clse Upper Ram Clse Shear/Seal Ram H-111 3,000 psi Upper Ram Open Upper Ram Open Shear/Seal Ram H-110 3,000 psi Middle Ram Clse Middle Ram Clse Grip/Seal Ram H-109 3,000 psi Middle Ram Open Middle Ram Open Grip/Seal Ram H-136 3,000 psi Nt Used Nt Used H-135 3,000 psi Nt Used Nt Used H-108 3,000 psi Lwer Ram Clse Lwer Ram Clse Wireline/Blind Ram H-107 3,000 psi Lwer Ram Open Lwer Ram Open Wireline/Blind Ram H-106 3,000 psi Super Shear Ram Clse Super Shear Ram Clse Pilt Out t Large Valve H-105 3,000 psi Super Shear Ram Open Super Shear Ram Open Pilt Out t Large Valve H-134 3,000 psi Nt Used Nt Used H-133 3,000 psi Nt Used Nt Used H-104 3,000 psi WCP Cnnectr Secndary Unlck WCP Cnnectr Secndary Unlck H-103 3,000 psi WCP Cnnectr Unlck WCP Cnnectr Unlck H-102 3,000 psi WCP Cnnectr Lck WCP Cnnectr Lck H-101 3,000 psi EHFL Emergency Release EHFL Emergency Release Spring Return

EDP FUNCTION LIST 13 Lcatin Functin Pressure SCM Wedge N. Size Rating KAGE (EDP) CKAGE SCM 2 - EMERGEN NCY DISCONNECT PAC & SUBSEA LU UBRICATOR./WINCH PAC Wedge 8 Wedge 7 Wedge 6 ECM Wedge 5 3 Wedge 4 Wedge 2 Wedge Wedge 1 Subsea Test Tree (SSTT) Interventin Riser System (IRS) Riserless Interventin System (RIS) Cmments H-248 3,000 psi Pilt Vent Pilt Vent H-247 3,000 psi Pilt Supply Pilt Supply H-232 3,000 psi Spare Grease Charge Regulatr Increase/Decrease Pressure H-231 3,000 psi Spare Wiper Seal Regulatr Increase/Decrease Pressure H230 H-230 3000 3,000 psi Accumulatr Dump Valve Open Accumulatr Dump Valve Open Spring Return H-229 3,000 psi Accumulatr Charge Valve Open Accumulatr Charge Valve Open Spring Return H-246 10000 psi Hydraulic Supply Pressure Hydraulic Supply Pressure H-245 10000 psi Accumulatr Pressure Accumulatr Pressure H-228 3,000 psi Spare Chemical Injectin Valve 15 Open Fail Safe Clse H-227 3,000 psi Spare Chemical Injectin Valve 14 Open Fail Safe Clse H-226 3,000 psi Spare Chemical Injectin Valve 13 Open Fail Safe Clse H-225 3,000 psi Chemical Injectin Valve 12 Open Chemical Injectin Valve 12 Open Fail Safe Open H-244 3,000 psi Nt Used Nt Used H-243 3,000 psi Nt Used Nt Used H-224 3,000 psi Spare Upper Pack-Off Clse Spring Return H-223 3,000 psi Spare Wiper Seal Energize Spring Return H-222 3,000 psi Spare Lwer Pack-Off B Clse Spring Return H-221 3,000 psi Spare Lwer Pack-Off A Clse Spring Return H-242 3,000 psi LP Vent LP Vent H-241 3,000 psi LP Supply LP Supply H-220 3,000 psi Spare Grease Injectin Valve 2 Open Fail Safe Clse H-219 3,000 psi Spare Tl Selectr B Rtate Spring Return H-218 3,000 psi Spare Tl Selectr A Rtate Spring Return H-217 3,000 psi Spare Tl Selectr Seal Sub Retract Spring Return E-208 4-Pin Flw Meter Flw Meter E-207 ---- Spare Spare E-206 4-Pin Riser Inclnmeter Pressure Transducer 15 & 16 E-205 4-Pin Instrumented Riser Jint Pressure Transducer 13 & 14 E-204 4-Pin Pressure Transducer 11 & 11 Pressure Transducer 11 & 12 E-203 4-Pin Pressure Transducer 9 & 10 Pressure Transducer 9 & 10 E-202 4-Pin Pwer / Cmms 2 Pwer / Cmms 2 E-201 4-Pin Pwer / Cmms 1 Pwer / Cmms 1 H-240 3,000 psi Nt Used Nt Used H-239 3,000 psi Nt Used Nt Used H-216 3,000 psi Spare Tl Cnnectr Unlck H-215 3,000 psi Spare Tl Cnnectr Lck H-214 3,000 psi Spare Tl Catcher Release Spring Return H-213 3,000 psi Spare Tl Trap Open Spring Return H-238 3,000 psi Nt Used Nt Used H-237 3,000 psi Nt Used Nt Used H-212 3,000 psi Chemical Injectin Valve 11 Open Chemical Injectin Valve 11 Open Fail Safe Clse H-211 3,000 psi Chemical Injectin Valve 10 Open Chemical Injectin Valve 10 Open Fail Safe Clse H-210 3,000 psi Riser Circulatin Valve Open Riser Circulatin Valve Open Fail Safe Clse H-209 3,000 psi Annulus Retainer Valve Open Annulus Retainer Valve Open Fail Safe Clse H-236 3,000 psi Nt Used Nt Used H-235 3,000 psi Nt Used Nt Used H-208 3,000 psi Prductin Retainer Valve Clse Prductin Retainer Valve Clse Fail Safe Clse w/ Pressure Assist H-207 3,000 psi Preductin Retainer Valve Open Preductin Retainer Valve Open H-206 3,000 psi Annular Preventer Clse Annular Preventer Clse Pilt Out t Large Valve H-233 3,000 psi Annular Preventer Open Annular Preventer Open Pilt Out t Large Valve H-234 3,000 psi Nt Used Nt Used H-233 3,000 psi Nt Used Nt Used H-204 3,000 psi EDP Cnnectr Secndary Unlck EDP Cnnectr Secndary Unlck H-203 3,000 psi EDP Cnnectr Unlck EDP Cnnectr Unlck H-202 3,000 psi EDP Cnnectr Lck EDP Cnnectr Lck H-201 3,000 psi EHFL Emergency Release EHFL Emergency Release Spring Return

SSTT FUNCTION LIST Lcatin Functin Subsea Test Tree Interventin Riser System Riserless Interventin System Pressure SCM Wedge N. Size (SSTT) (IRS) (RIS) Rating Cmments H-026 H026 3,000 psi Annular BOP Clse / Spare Future Upgrade H-025 3,000 psi Annular BOP Open / Spare Future Upgrade H-024 3,000 psi Retainer Valve Clse Fail Safe Clse w/ Pressure Assist H-023 3,000 psi Retainer Valve Open E-004 -- Pressure Transducer 2 H-022 3,000 psi Riser Circulatin/Vent Valve Open Fail Safe Clse H-021 3,000 psi Spare H-020 3,000 psi EDM Cnnectr Secndary Unlatch H019 H-019 3,000 psi EDM Cnnectr Unlatch H-018 3,000 psi EDM Cnnectr Latch H-017 3,000 psi Upper Valve Clse Fail Safe Clse w/ Pressure Assist H-016 3,000 psi Upper Valve Open H-015 3,000 psi Chemical Injectin Selectr Valve 2 Select Dwnhle r SSTT E-003 -- Pressure Transducer 1 H-014 3,000 psi Circulatin Valve / Spare 3 Fail Safe Clse H-013 3,000 psi Chemical Injectin Selectr Valve #1 Select Dwnhle r SSTT DSC CM - SUBSEA TEST TREE (SSTT) & DOWN NHOLE Emergency Discnnect P{ackage Well Cntrl Package H012 H-012 3,000 psi Lwer Valve / CT BOP Clse Fail ilsafe Clse w/ Pressure Assist H-011 3,000 psi Lwer Valve/ CT BOP Open H-010 3,000 psi THRT #6 H-009 3,000 psi THRT #5 H-008 3,000 psi THRT #4 H-007 3,000 psi THRT #3 H-006 3,000 psi THRT #2 H-005 3,000 psi THRT #1 Spare H-004 3,000 psi Spare THRT r Dwnhle H-003 3,000 psi Spare THRT r Dwnhle H-002 10,000 psi SCSSV 2 Open Fail Safe Clse H-001 10,000 psi SCSSV 1 Open Fail Safe Clse E-002 -- DHPT / Smart Well 2 E-001 -- DHPT / Smart Well 1 C-002 20,000 psi Chemical Injectin Supply 2 C-001 20,000 psi Chemical Injectin Supply ppy1 THRT Dwnhle 14

CURRENT/PLANNED ACTIVITIES Identify Ptential Suppliers fr all Key Cmpnents Identified and btain required infrmatin fr detailed design f SWIS Assemblies Select/Cnfirm Material Requirements fr all cmpnents. Cntinue Detailed Design f SSTT, WCP, EDP, IRS, Surface Tree and ICS. Hld Operatins Review and HAZOP/HAZID fr all SWIS Operating Mdes Cnduct FMECA f SWIS and submit fr Review and Cmment Obtain Budgetary Cst and Schedule estimates fr Manufacturing, Qualificatin and Delivery f Key Cmpnents 15

THANK YOU Questins 16