DNV ENERGY main offices:

Aberdeen Cromarty House 67-72 Regent Quay Aberdeen AB11 5AR United Kingdom Tel: +44 1224 335000 Antwerp Duboisstraat 39 b1 2060 Antwerp Belgium Tel: +32 3 206 65 40 Abu Dhabi The Towers Abu Dhabi Trade Centre Near Beach Rotana Hotel East Wing E 108 Abu Dhabi United Arab Emirates Tel: +971 2 6457580 Bergen Johan Berentsensvei 109-111 NO-5020 Laksevg, Bergen Norway Tel: +47 55 94 36 00 Calgary Bay 123 2340 Pegasus Way NE Calgary AB Canada T2E 8M5 Tel: +403 250 9041 Columbus 5777 Frantz Road Dublin, Ohio 43017-1386 USA Tel: +1 614 761 1214 Copenhagen Tuborg Parkvej 8, 2nd Floor DK2900 Hellerup Copenhagen Denmark Tel: +45 39 45 48 00 Houston 16340 Park Ten Place Suite 100 Houston, TX 77084, USA Tel: +1 281 721 6600 Kuala Lumpur 24th Floor, Menara Weld 76, Jalan Raja Chulan 50200 Kuala Lumpur Malaysia Tel: +603 2050 2888 London Palace House 3 Cathedral Street London SE1 9DE United Kingdom Tel: +44 207 357 6080 Luanda Edificio Monumental Rua Major Kanhangulo, n 290 2 Andar Luanda Angola Tel: +244 222 391 631 Oslo Veritasveien 1 NO-1322 Hvik Norway Tel: +47 67 57 99 00 Paris Centre BFI, Tour AREVA, 92084 Paris La Defense Cedex Paris France Tel: +33 1 47 96 46 36 Moscow Business-Center Country Park 3rd Floor, Panfilova 19 141407 Moscow Region Khimki, Moscow Russian Federation Tel: +7 495 739 4833 Mumbai Emgeen Chambers, 10, C.S.T. Road, Vidyanagari, Kalina Santacruz East Mumbai 400098 India Tel: +91 22 26650909 Rio de Janeiro Rua Sete de Setembro, 111 12o andar CEP 20050-006 Rio de Janeiro, R.J Brazil Tel: +55 21 3722 7232 Shanghai House No. 9, 1591 Hong Qiao Road Shanghai 200336 China Tel: +86 21 3208 4518 Singapore DNV Technology Centre 10 Science Park Drive Singapore 118224 Singapore Tel: +65 6779 1266 Stavanger Bjergstedveien 1 NO-4007 Stavanger Norway Tel: +47 51 50 60 00

| THIS IS DNV |
DNV is a global provider of services for managing risk. Established in 1864, DNV is an independent foundation with the purpose of safeguarding life, property and the environment. DNV comprises 300 offices in 100 countries, with 7,000 employees. DNV Energy is one of four business areas in DNV, alongside DNV Maritime, DNV Industry and DNV IT Global Services. Our vision is global impact for a safe and sustainable future.

DNV Veritasveien 1 NO-1322 Hvik, Norway Tel: +47 67 57 99 00 Fax: +47 67 57 99 11 www.dnv.com/energy

Floating Offshore Installations

Go strong.

DNV provides world-class expertise in technology, operations, management and risk. We combine our know-how into a professional service concept designed to safely improve the performance of your business. So you can go strong on all dimensions.

DNV serving the energy industry

| Contents |
Services Overview u Safely pushing the barrier at new frontiers
u

Concept and design: COBRA /CREUNA Images: DNV Copyright, p13 Copyright StatoilHydro Production: Ressurs

6 8 10 12 14 16

Classification Lifecycle assurance of safe and reliable operation SHE Risk Management Facing the new risk with confidence

Asset Management u Proactive management of assets Project Management Services u A value-adding service, using our worldwide network
u

Verification An independent assurance

| FLOATING OFFSHORE INSTALLATIONS |

DNV SERVICES TO THE ENERGY INDUSTRY

Enterprise Risk Management SHE Risk Management u Technology Qualification u Verification u Offshore Classification u Asset Risk Management u Training u IT Risk Management u Certification
u u

The exploration and production of hydrocarbons is moving to extreme geographic locations. Operators now stay longer on location and execute complex activities in parallel, using cutting-edge technology. However, stakeholders are also more aware and less tolerant of accidents and environ mental damage. This makes it challenging to operate safely with offshore units, while meeting business performance objectives.

| Floating Offshore Installations |

Facing offshore frontiers with confidence

DNV has more than 40 years of experience in helping the oil and gas indus try to solve its challenges. We have developed numerous Offshore Serv ice Specifications, Standards and Recommended Practices that are widely used by the industry. Our competence and services enable owners to proceed with greater confidence in concept selection, investment and performance.

target segments
Through these services, our teams of highly qualified professionals deliver cutting-edge solutions to customers across the industry: u Deep and ultra-deepwater field development u Floating offshore installations u Fixed structures u Offshore and onshore pipelines u Natural Gas/LNG u Refining and petrochemicals u Power generation and transmission u Wind, wave and tidal energy u Arctic operations and technology u Operations excellence u Carbon capture and storage

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THE BUSINESS LIFE CYCLE

DNV assisting companies in the energy industry along the entire life cycle to safeguard and improve business performance
Project phases:

Strategy

Feasibility & concept selection

design

construction

installation & commissioning

operation & life extension

DECOMMISSIONING

DNV energy deliveries:

BUSINESS CASE ASSESSMENT INTEGRATED FIELD DEVELOPMENT SUPPORT PROJECT DUE DILIGENCE/CONCEPT SELECTION SUPP ORT PROJECT RISK MANAGEMENT SHE RISK MANAGEMENT RELIABILITY ASSESSMENT / TECHNICAL ASSURANCE TECHNOLOGY QUALIFICATION DESIGN SUPPORT VERIFICATION QUALITY SURVEILLANCE AND INSPTECTION MATERIAL AND CORROSION TESTING OFFSHORE CLASSIFI CATION / PROJECT MANAGEMENT SERVICES OPERATIONS EXCELLENCE SUPPLY CHAIN ASSURANCE (MPQA/SQS) INTEGRITY MANAGEMENT SRS/ERS/RBI MANAGEMENT SERVICES

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SERVICES OVERVIEW

Safely pushing the barrier at new frontiers

Future oil and gas reservoirs will increasingly be found in deeper waters and more remote locations. To operate in these areas, the oil and gas industry must break new technical barriers. DNV can help you to do so safely.
We evaluate risks to help you demonstrate integrety. We support clients through all phases of projects.

DNV is prepared to assist the industry as it moves into uncharted territories.

Deepwater, Arctic and harsh environment development projects require cutting-edge technology. They also require competent personnel with a cross-disciplinary perspective, who focus on systematically understanding how technology can be applied in various environments. DNV has developed industry standards and recommended practices for the oil and gas industry. Today, we possess unique worldwide multi-disciplinary competencies, enabling us to support our customers from the very early phases through to operations and life extension. SELECTING THE BEST CONCEPT In a less than perfect world, the only certainty is the unexpected. When evaluating alternative development concepts for offshore oil and gas projects, the novel technology involved contains high risks. As a result, a profitable project can quickly turn into a financially distressed one unless the unexpected has been considered and

quantified during the early stages of concept and planning. We support a process of evaluating these risks, by addressing a set of key issues: XXHow reliable is the technology, systems and equipment? XX What are the consequences of failure? XX What can go wrong? XX How are unplanned events factored into business decision analysis? As a project approaches detailed design, and then execution, questions may arise regarding mission-critical equipment. DNV offers services to efficiently assess these questions for projects in all phases. APPLY NEW SOLUTIONS CONFIDENTLY In the pursuit of improved performance, the industry must come up with new ideas. DNV has worked closely with the internatio nal oil and gas industry to develop more accurate ways of demonstrating that new

systems, components and solutions will work reliably. Our Qualification of Technology services combines a systematic risk-based approach with in-depth technical knowledge, assuring our customers that their solutions will work safely and in accordance with expectations and specified requirements. Our Recommended Practice (RP) for qualification of technology (DNV RP-A203) outlines the philosophies, principles and methods to be used in the qualification process. We also check the design and verify that structures, system and equipment are built according to project or/and international specifications. We believe that sophisticated technical solutions require an advanced verification approach. SAFE OPERATIONS Failure of structures, systems or equipment may have catastrophic consequences. The risk can be minimised through good integ-

rity management. DNV has, together with the industry, established best practices and developed tools that enable customers to safely reduce operating costs. By applying transparent integrity logic for structure, systems and components, the risk for errors and misunderstanding are significantly reduced or eliminated. This ensures cost-effective and safe operations. A COMPLETE SET OF SERVICES We can support clients from end-to-end in deepwater, Arctic or other development projects. A key element of our services is the ability to perform advanced technical analysis, in combination with high value advice and risk management. The services we provide include: XX Concept selection studies XX Offshore classification XX Qualification of new technology XX Risk-based verification

Independent design assessment and verification XX SHE risk management & risk analysis XX Environmental assessments including environmental impact statements XX Engineering and technical support XX Structural analyses XX Geotechnical engineering XX Certification of materials and equipment XX Corrosion management including assessment and control XX Risk-based quality assurance and quality control (QA/QC) XX Laboratory testing (full scale and mechanical testing) XX Failure investigations XX Re-assessment for life extension XX Asset management, including developing In-Service Inspection (ISI) plans XX Project management services Supply Chain Management (SCM) Supplier quality assurance services, including MPQA
XX

LOOKING AHEAD The world needs more energy resources. To respond to this monumental challenge, the international energy industry is moving into relatively uncharted territories, such as ultra-deep waters, the Arctic region and projects located in areas with challenging fluid composition and long tie-back solutions. DNV stands ready to help the industry succeed in these efforts. Our vision is to make a global impact for a safe and sustainable future. By constantly developing new methodologies, understanding the new risk agenda, working hard to manage risk, and improve safety and environmental performance, we help the industry to take a step in the right direction.

Case:

| Exxon Mobils biggest offshore field develop ments in Angola, Kizomba A and B, came onstream in 2004. Each development includes a FPSO (Floating Production Storage and Offloading vessel), a TLP (Tension Leg Platform) wellhead platform, a CALM (Catenary AnchorLeg Moored) offloading buoy, and subsea equipment. DNVs start-to-finish support, has been funda mental in the success of this development. Our offices in Houston and Norway have become sources of knowledge, experience and project history for the client. We also established a DNV office in Angola, to support Exxon Mobils

| needs. DNV has provided a variety of services: XX Top level integrity management XX Development of fatigue methodology and details XX Classification in operation for the 2 FPSOs, 2 TLPs and 2 CALM buoys XX Emergency response service for the FPSOs and the TLPs XX Structural reanalysis service for all units XX Development of in-service inspection pro grammes for the FPSOs and TLPs XX Ad-hoc engineering services in support of EEALs operations in Angola XX Global Supplier Quality Surveillance (SQS) for all Kizomba B FPSO topside equipment

| Critical Issue: Client needed assistance in developing and operating fields. Solution: Full package of services. KEY DeliverABLEs: Classification, technical, management and assurance. Value to Client: Provided end-to-end support for project.

Kizomba FPSO, TLP & SQS

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Classification

Lifecycle assurance of safe and reliable operation

The cost of delivering hydrocarbons to the market is rising, as are external stakeholder concerns about environmental damage and accidents. This makes risk management essential. Classification provides a structure for managing risks related to offshore units.
DNV Classification ensures safety and reliability. We conduct onsite tests during construction. We build safety into designs through early involvement.

A broad range of stakeholders, such as financial institutions, shareholders, insurers and the public, are focused on safety and reliability in the oil and gas industry. Consequently, there is a declining tolerance of incidents leading to death, injury or environmental impact. Through offshore classification, DNV helps clients to ensure and demonstrate adequate safety, reliability and regulatory compliance, throughout the lifecycle of an asset. The DNV approach DNV Offshore Classification establishes basic requirements for Mobile Offshore Units (MOUs), and verifies the required safety standards during design, construction and operation. It is based on both theoretical analysis and practical experience. Our classification activities include: XX Setting Rules
XX

Selection of customised class notations to match service objectives XX Identification and review of safety-criti cal aspects at design phase XX Certification of critical marine and industrial components and systems XX Construction survey through the com plete fabrication phase XX Inspections and tests from construction through commissioning XX Regular surveys during operation
XX

Global network of dedicated offshore in-service surveyors XX Assurance of shelf and flag state compliance XX Technical and operational feedback
XX

Lifecycle Services The following components are integral to the integrated, lifecycle, risk management approach of offshore classification. Design approval Operating MOUs and Floating Production, Storage and Offloading units (FPSOs) requires subscribing to a policy of zero tolerance of failure. However, there is a danger of wasting resources by over-specifying requirements. While we normally issue classification-based assurance independent of location, our classification can also be linked to particular locations and environmental conditions, to meet the clients specific operational needs.

By applying this flexible approach, supported by sound risk principles, we ensure that the optimal path is taken in verification of designs, that requirements and criteria are appropriate and that the objectives of the relevant standards are met. We achieve this within an agreed and realistic timetable. Fabrication survey and commissioning Prior to start of fabrication, DNV assesses the set-up and control at the yard and major subcontractors facilities. We also carry out surveys and audits. This ensures that approved drawings and plans are being followed and that the yard is following its own systems and producing the required quality. Ultimately, the fabrication survey and commissioning activities should confirm that the unit is built to pre-agreed standards.

Certification of materials and components (cmc) Construction of MOUs involves a growing number of potential providers of materials, components and systems. This creates uncertainty about the capabilities of suppliers, delays, and quality problems. Ultimately, it increases the risk of incidents. Classification requires that materials, components or systems be certified as meeting class and regulatory requirements before delivery to the yard. This a vital tool for eliminating unnecessary supply chain delays. When coupled with supplier assessment pre-contract services, this creates a powerful tool for the industry to utilise in managing supply chain risks. In-service surveys Confirming continued adherence to standards is crucial to ensuring the safety of lives at sea. DNV leads the industry in providing owners and operators with customised MOU in-

Benefits DNV Offshore Classification gives access to the acknowledged leader, in terms of: XX Capabilities in industrial and marine structures and systems XX Application of safety principles XX Third party review and assessment XX Critical components & systems certifica
XX

service solutions and capabilities, including: XX Customised In-service Inspection Programmes (IIPs) XX Customised integrity survey scopes XX Certified, dedicated, offshore surveyors familiar with the units XX Acceptance of risk-based and reliability centred methodologies XX Data collection and analysis, for identify ing trends and improvement opportunities in MOU design, operation and classification XX Acceptance of Condition Monitoring as alternative to opening up XX Alignment with the asset integrity and maintenance systems Our in-service classification services are fully integrated with those of both owners and regulatory authorities. This leads to the highest level of integrity, coupled with the least amount of downtime.

ntegration of safety standards though I early engagement in design process

tion to relevant standards Survey during construction and commissioning

Case:

| Forecasted shortages have induced owners, investors and speculators to build a large number of new rigs, and convert tankers to FPSOs. Several of these rigs and FPSOs are of high specification, in order to meet the chal lenges of the industry in deeper water and harsher environment. The majority of these current and future new building and conversion projects have been ordered to DNV classification. Having recog nised the comprehensiveness of DNVs Service Specifications, Offshore Standards and Recommended Practices, many owners have included them as specifications for their projects.

| Our qualified engineers and surveyors proac tively contribute to the success of every project, using our state of the art production tools and work processes for effective turnaround time. Our pre-contract services include helping our clients to plan and prepare ahead of time, so that problems can be avoided or mitigated at later stages. The DNV approach to classification on MODUs is customised and takes full account of all opera tional and business demands. We typically work closely with owners of DNV-classified MODUs, who use the DNV systems to maintain the integ rity of their units and achieve high availability.

| Critical Issue: Effective completion of projects. Solution: Comprehensive classification package. KEY DeliverABLEs: Proactive, flexible approach to classification. Value to Client: Assure both integrity and availability.

Floating offshore installations to Dnv class Confidence in Classification

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SHE Risk Management

Facing new SHE risks with confidence

To meet SHE expectations in the new environment, the industry must take a proactive approach, going beyond compliance. We help clients develop a process for this.

DNV uses teams of highly qualified SHE experts.

The latest techniques are applied to rigorously control risks.

We help you to meet new SHE expectations.

A new risk agenda is emerging, bringing with it new demands on the way businesses are managed. Stakeholders expect clear management of safety, health and the environment. Mere compliance with legal requirements is no longer sufficient. At DNV, we can help you to safely and responsibly improve your business performance. OUR APPROACH Our approach balances economical, social and environmental objectives. The traditional idea of value creation is redefined from purely maximising economic return to the shareholders, to the wider agenda of honouring the interests of stakeholders including the public. DNV helps you to develop, implement, maintain and continually improve best practices in managing Safety, Health and Environmental (SHE) risks. We design our approach in a manner governed by these issues, applying the full range of DNV capabilities and experience.

OUR EXPERTISE DNV is a new and different type of consulting service provider, combining technical expertise and advanced risk methodologies with management consulting skills. We offer risk management services to address your needs, using our cross-disciplinary team of engineers, economists, psychologists and human factors experts, supported by an excellent portfolio of risk assessment software. OUR SOLUTIONS Risk-based decision support management systems and performance measures: XX Environmental models and management XX Emergency planning and accident investigation XX Advanced simulation and modelling XX Human factors and safety culture XX Operational safety Our SHEQ management consultants apply their experience, to help you highlight, understand and manage the sources of risk

within your organisation. They ensure that you make appropriate strategic and operational decisions related to Safety, Health, Environment and Quality (SHEQ) issues. BENEFITS We assist clients in managing SHE risks throughout the life cycle of their projects and operations. From conception through option screening, development, operation, change and culmination, we deliver tactical business support. Our customised and integrated solutions can help you: XX Increase safety and environmental performance XX Ensure sustainable development XX Improve financial performance XX Enhance reputation Risk Based Decision Support DNV has been a global leader in the development of robust risk based assessment and decision support methods. These address hazard

identification, consequence assessment and likelihood estimation. Risk-based processes deliver results that exceed compliance requirements, and often do so at less overall life-cycle cost, through innovative solutions. Management Systems and Performance Measures DNV has over 25 years of experience helping organisations realise the benefits of an effective integrated management system. Our systems incorporate current best practices and align safety, environment and quality objectives. We also modify systems to accommodate new initiatives such as integrating performance metrics for process safety. Environment Models and Management Environmental responsibility is now recognised as an essential part of healthy and sustainable business practices. DNV assists companies in environmental issues. We help deliver experience-based solutions that

solve the challenges facing environmental stakeholders. Emergency Planning and Accident Investigation Companies must prepare for situations that could cause potential losses to people, assets, income and the companys reputation, or harm the environment and the public. DNV helps companies to develop and maintain effective response plans to control their risk exposure. Advanced Simulation Modelling The energy industry is expanding to extreme environments. Standard analysis methods do not demonstrate the effects of these changes in greater detail. To solve this challenge for fluid flow, fire and explosion analysis, we apply Computational Fluid Dynamics integrated with advanced risk models. We also address dynamic structural response issues through Finite Element Methods (FEM).

Human Factors and Safety Culture To control risks and prevent accidents, incidents and ill-health, companies develop sophisticated management systems and technical solutions. DNV works closely with companies to help them design processes and work systems which consider people issues in risk management. Operational Safety The key issue in SHE is reducing major accident events. Many accidents have resulted from inadequate operational safety. DNV applies the latest techniques to ensure awareness of key operational and mechanical integrity requirements and to rigorously control risks.

Case:

| DNV has actively supported Hess Corporation with several aspects of the risk management of a Floating Production Storage and Offloading (FPSO) vessel. DNV provided risk management support through several differ ent methods. This began with the facilitation of a hazard identification session and devel opment of risk acceptance criteria for Hess. The outputs were used, along with the application of consequence assessment and frequency estimation, to determine the over all FPSO risk picture. The risk picture also included non-process

| related threats, such as transportation risk and occupational risk. To complement the calcu lated risk picture, DNV reviewed and made recommendations on the design of the FPSOs safety system, such as fire and gas detection system, Emergency Shutdown (ESD) philoso phy, and the safety management system. This was completed through individual studies and a risk mitigation workshop. DNV used the most up-to-date modeling soft ware and cutting edge ideas within the indus try to complete the variety of challenges that FPSOs possess in todays energy industry.

| Critical Issue: Risk management of FPSO. Solution: Developed holistic risk assessment. KEY DeliverABLEs: Risk picture, recommendations, workshops and processes. Value to Client: Met challenge of risk mitigation.

Hess Corporation FPSO Risk Management

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Asset Management

Proactive management of assets

A proactive approach to asset management can reduce downside risks and help maintain the value of your investments. Moreover, at current market rates, it can also add to the top line, by maximising uptime.

DNV develops proactive asset management programmes.

We use a risk-based approach to provide optimal protection.

We work closely with you to develop the best solution for your assets.

The industry is focusing on protection of its personnel, reputation, and the environment, while maximising production at todays high market values. Business unit and asset managers must constantly improve operational results and control the risks associated with their operation. One approach is to minimise downtime for maintenance and inspection by scheduling them to take place at the same time. The time used to develop the plans can also be reduced, by eliminating unnecessary and duplicated work. A THOROUGH APPROACH We work closely with you to understand the unique characteristics of your operation and develop the best solutions for your assets. DNV applies a wide range of methodologies, tools and techniques, to build solutions that meet your production goals at the lowest possible cost, without compromising safety and environmental requirements. DNV contributes to improved production and risk

manage ment. We develop and integrate riskbased integrity management plans for hulls, structures and equipment, create processes and procedures, and coordinate the execution of integrity management tasks. COMPREHENSIVE SOLUTIONS Assessment and Benchmarking of Asset Operations XX Identify the strengths, weaknesses and opportunities of your assets, by evaluating their performance XX Benchmark and rate according to indus try standards and best practices XX Customised benchmarking and gap assessments according to your requirements and procedures XX Develop a road map for implementation of solutions

Asset Operations Management XX Develop management strategies for your asset operations activities XX Develop efficient and effective work pro cesses for asset management and implement change management programmes XX Develop lifetime extension programmes based on technical and economic criteria XX Implement asset operation management processes, with a focus on continuous improvement and operational excellence Maintenance and Inspection Management XX Develop corporate asset operations philosophies XX Optimise maintenance, spare part and logistic support functions XX Develop and manage asset inspection programme for load-bearing structures, hulls, topside and pipelines XX Increase safety performance through SIL analysis and solutions for follow-up of the integrity of safety barriers

Development of Solutions to Failures Structured root cause failure analysis as a component in proactive maintenance and continuous improvement XX Technical and operational failure investi gation to develop cost-efficient solutions XX Reduce risk of undesirable events by inspection and condition assessments
XX

ogy are often driving forces for change and work process improvement, and thus put stress on the organisation and management support systems. Our services are designed to create an organisation that is able to maximise production output, while ensuring that health, safety and environmental risk are managed within acceptable levels. DNVs services provide clients with the right tools and methods to execute change management processes effectively. Maintenance and Inspection Management DNV develops customised solutions, designed specifically to optimise production through effective maintenance and inspection. A riskbased approach ensures that resources are focused where they are most effective, without compromising the assets safety and environmental performance. Working together with our customers, we transfer the necessary

expertise to your organisation, to achieve the best results sooner, smoothly and safely. DNVs risk-based approach to integrated maintenance, inspection and testing planning, together with activity management and software and web-based integrity status indication allows for transparent focus on safety and the environment, while maximising production opportunities. DNV recommends a single integrated maintenance, inspection and test plan, loaded into management database. One advantage is that the same risk basis is used in all analyses, giving a unified risk picture for all parts of the installation. It is easier to manage all integrity management activitities. Follow-up and reporting of key performance indicators is also facilitated.

BENEFITS Our clients have benefited from our customised and integrated solutions. Our work has resulted in increased revenue due to higher production rates, and improved safety performance through systematic focus and follow-up. This has resulted in improved reputation and better stakeholder relationships. Asset Operations Management Better asset operations imply reducing operating costs and increasing output without compromising safety or quality. Ambitious goals, external influences and new technol-

Case:

| BPs biggest FPSO, Greater Plutonio, came on-stream in Angola, during 2007. To exe cute the project, BP needed to establish an operations unit. This required the establish ment of a unified integrity management plan, risk prioritisation of activities, and for all integrity activities to be closely controlled through a Maximo database. DNV created a unified plan, by merging inspection and maintenance plans, based on conditions-for-work. We used Risk-Based Inspection (RBI) to develop a written inspec tion scheme, with risk reported, per tag, into

| Maximo. This plan covers the hull, topsides, cranes, process systems, moorings, offload ing lines, and buoys. We also developed a risk-based inspection plan for the entire installation, loaded into the inspection man agement database with relevant documen tation and drawings ready for execution. Our assistance has speeded BPs decision making process by providing the company with a transparent plan. The single integrity management plan also makes it easier to report integrity status and to schedule activi ties in a manner that minimises downtime.

| Critical Issue: Managing project through detailed risk planning. Solution: RBI scheme, using Maximo database. KEY DeliverABLEs: RBI plan, loaded management database. Value to Client: Transparent decision making process and maxi mised uptime.

BP Greater Plutonio FPSO

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Project Management Services

A value-adding service, using our worldwide network

The process of completing projects is far from simple. Process failures can have significant consequences. Our teams utilise their experience and skills to help you keep projects on track.
Paying close attention to defined objectives, we help our customers keep projects on track. Our MPQA assessments verify suppliers competence.

We work with clients to manage projects.

DNV delivers a variety of services, using its network of competence resources available worldwide. We help our clients and project stakeholders to ensure that project objectives related to scope, schedule, quality, risk, and cost, are achieved satisfactorily. DNV ensures that the equipment is ordered from vendors capable of delivering them. We track project specifications and ensure that they are met systematically. We use state-of-the-art tools to track the status of such activities that have been successfully used in global projects. MANUFACTURER PRODUCT QUALITY ASSESSMENT (MPQA) The DNV MPQA service provides: XX A structured and methodical approach for objectively measuring a subcontractor or suppliers ability to produce products to specified requirements XX A quantitative rating system to measure status and progress

XX

An objective rating service (second and third party audits)

The MPQA is a generic rating tool, a package of services that assists companies in systematically assuring quality within their subcontractors organisations. How is MPQA different from other QA audits? When assessing a manufacturer, it is not sufficient to concentrate on the product related issues only. It is also necessary to check that these elements are part of an implemented quality system which assures that the manufacturer is able to consistently make and deliver products to the quality level required, irrespective of whether the system is certified to ISO 9001. While the scope for ISO is to verify compliance with the elements of ISO 9001, the scope of MPQA is flexible depending on

needs. For example an MPQA scope could be compliance with Class Rules and MSA agreement. Although some of the generic questions are similar to ISO 9001, the interpretation and emphasis will be changed due to the scope. Guideline synopsis or the auditor instructions and special editions will assist the auditor to focus in the right area. The flexibility offered with MPQA by selecting 5 different levels is not possible in ISO. The lower levels for MPQA are product control related while the higher level questions are linked more towards management control. MPQA auditors are knowledgeable DNV surveyors with the technical background within the specific technical field. MPQA and the DNV surveyors would provide a natural link between classification/certification and ISO 9001.

The user can select various elements that are important depending upon which level of auditing is chosen. Each sub-element contains a protocol with questions. The comprehensive guideline synopsis and auditor instructions accompanying each question give answers that form the basis for: XX Rating each element XX Further interviews/investigation XX Establishing needs for document reviews SUPPLIER QUALITY SURVELLIANCE (SQS) DNV provides second or third party supplier quality surveillance (SQS) services on behalf of fabricators or stakeholders of newbuilding, upgrade or conversion projects. The scope of work can cover reviewing equipment or system packages to be used for manufacturing/fabrication, assembly, installation, mechanical completion, precommissioning, testing and commissioning. Criticality ranking defined by the operator

for various equipments and components can be used based on risk, financial, operational and other safety concerns. Some examples of the work we do are: Surveillance during test activities: XX for the equipment packages agreed in the contract XX at the main vendor plants and sub-ven dor plants XX As per the surveillance level specified in the contract Management and coordination for the services, inclusive of: XX Communication with client / owner and vendors and arranging the internal contractors resources for the services. XX Weekly report and attendance at weekly project QA meetings XX Attendance of project manager or designee in regular meetings with client/owner

DNV can issue the following project documentation: XX Approved Project Quality Plan (PQP) and execution plans XX Weekly SQS Status and Schedule Summary Report XX Surveillance reports XX Punch list items and/or Non Conformity Reports (NCRs) XX Inspection Release Notes (IRN) PROJECT MANAGEMENT SERVICES Where there is no conflict of interest, DNV specialists in different project management competence areas can work with owners organisations as integrated team members, to function as procurement specialists, project expediters, owners representatives, project engineers and project QA/QC managers.

Case:

| DNV has carried out Supplier Quality Sur veillance (SQS) of the FPSOs various topside production system packages procured globally. This encompasses 122 suppliers, including 71 sub-suppliers in 13 countries. The client needed a contracting strategy and a cost effective means of assuring a complex global supply chain in a large CAPEX & time constrained project. The solution had to include electronic data management, real-time status of activities, mechanical completion feed, a historical archive and capturing of knowledge through the use of safe server web based technology.

| DNV has managed and maintained full respon sibility for all the clients SQS activities, using our worldwide network of competent re sour ces. The execution primarily consists of partici pating in all Pre-Inspection meetings, chairing weekly SQS meetings with EPC Contractor & Owner. DNV has also had limited involvement in the FAT of fully assembled equipment pack ages and acted as the contractors eyes and ears for reporting progress and issues of a particular delivery. Finally, we provide webbased reporting of all observations and NCRs in an active mode.

| Critical Issue: Assurance of global supply chain. Solution: Project management services KEY DeliverABLEs: Supplier Quality Surveillance (SQS) Value to Client: Ensured delivery ahead of schedule.

Kizomba B FPSO Project SQS services

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Verification

An EXAMPLE of verification:

Providing independent assurance

DNV is recognised for leading an industry shift from a prescriptive application of rules and standards to a focus on measurable objectives for safety of life, property and the environment.
DNVs transparent approach helps ensure project success.

As the pace of technological change in offshore projects increases, verification becomes an ever more critical tool for creating confidence in projects.

Structural re-analysis & independent design verification

Our verification builds on a vast amount of collective knowledge.

Using a risk-based approach, DNV documents provide detailed scopes of work for various levels of engagement, allowing clients to select the degree of certification or verification that matches the risk objectives of the project. VERIFICATION Confirms that safety, environmental protection or functionality standards are met. Verification services include: XX Certification/verification to rules, standards, regulations or specifications XX Risk-based system or product certification/verification XX Marine verification and warranty services Objects covered include: XX Offshore structures and equipment XX Transportable equipment (e.g.containers)
XX

TECHNICAL CONSULTING & SUPPORT SERVICES DNVs wide range of services include: XX Technical assurance (e.g. FMEA, HAZID) XX Independent design analysis XX Failure investigation XX DP consultancy XX Monitoring and measurement services XX Noise & vibration measurement & analysis XX Advanced non-linear analysis XX Stability analysis XX Structural response services XX Ballast water management XX Condition assessment program (CAP) DNV Technical Services ensures that the unit is engineered properly with regard to: XX Specifications, standards & operational requirements XX Safe installation, maintenance and overhaul XX Selection & sizing of materials
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Failure Investigation DNV has investigated many highly publicised offshore incidents and accidents. We can mobilise experts in all disciplines, on short notice, to assist clients in determining root causes of failures and identifying appropriate follow-on measures. Station Keeping As the industry moves to deeper waters, Dynamic Positioning (DP) Systems are becoming more sophisticated and essential to the operation of MOUs. DNV has significant capabilities in this area and provides the following services: XX Development of system functionality specifications XX DP parameter logging for incident analysis XX Defining operational procedures XX Simultaneous operations (Sim-Ops) Planning XX DP emergency procedures, FMEAs & Audits

Our Approach The primary objective of independent structural verification services is to ascertain the motion verification and structural integrity of the offshore assets, relative to critical load conditions. To perform independent structural verification of floaters, DNV uses a customised approach. With a verifiers mindset, we build on vast amount of collective knowledge from hundreds of similar units that are in operation under DNV classification. Through this service, we help our clients to independently assess the key design factors. We also provide expert advice, should any remedial measures need to be undertaken.

Our Tools SESAM suite, which is recognised as one of the most comprehensive software systems available to offshore and maritime indu stries, is used for the analysis. It consists of state-of-the-art application modules that uses the super-element technique supporting distributed and concurrent engineering. Subsequently Finite Element (FE) analyses are undertaken, to investigate structural integrity, stability, suitability and fatigue life of the vessel. Ballasting, hydrostatic and sea-keeping analysis of offshore floaters XX Motion verification and hydrodynamic analysis XX Global strength analysis SESAM ena bles direct load transfer from hydrodynamic analysis to strength analysis
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Stability analysis covers stability curves, intact stability, damage stability, righting and heeling moments XX Fatigue screening of global model helps in determining if detailed local fatigue analysis need to be performed XX Detailed fatigue analysis of local areas involves stochastic fatigue analysis for identified fatigue sensitive locations XX Air gap analysis calculated either in time domain or frequency domain
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A verification strategy based on using the latest software technology and decades of collective knowledge undertaken by highly skilled professionals in DNV around the world, makes us the right choice for independent structural verification.

Lifting appliances

Reliability, availability & uptime Industry learnings

Case:

| DNV is providing technical assurance for the critical systems of GlobalSantaFes Develop ment Driller III. The objective of the technical assurance assessments is to ensure that the rig delivered will meet the technical expecta tions of GlobalSantaFe and its client, BP, by increasing safety, minimising downtime, and increasing reliability. The costs of failures are substantial. The technical assurance reviews utilise tools such as HAZIDs/FMECAs. The technical ses sions have focused on the identifying single point failures in the systems analysed. Systems reviewed include bilge and ballast system,

| cooling system, watertight integrity, mooring system, thrusters, well activity centre (i.e. active heave draw works, bridge racker, tailing arm, hydraulic system, and operators control chair), emergency evacuation, fixed fire fight ing, and fire and gas detection systems. As a result of the technical studies, modifica tions have been made to the physical systems and the operating envelopes. Maint enance schedules have also been updated. The final recommendations, once implemented, will increase safety, reduce downtime, and improve the performance of the rig.

| Critical Issue: Ensure that rig meets technical expectations. Solution: Technical assurance reviews. KEY DeliverABLEs: Technical studies. Value to Client: Minimising losses from shutdowns.

GlobalSantaFe Technical assurance

PAGE 18 | DNV Energy | Services Overview | Classification | SHE Risk Management | Asset Management | Project Management Services | Verification |

| FLOATING OFFSHORE INSTALLATIONS |

DNV locations
DNV serves the energy industry from more than 40 primary locations worldwide. In addition, we draw on DNVs entire worldwide network of 300 offices in 100 countries.

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Astana

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Shanghai

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Trinidad

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