Expanding new opportunities

NOV`s Lisbon office

Technology and knowledge, since 1841.NOV l Rig Solutions Norway l 2014

Clear vision of the future

“The world’s leading and the most innovative supplier of drilling and

handling equipment and related services to the energy industry.”

Global Presence

I 200+ acquisitions over 12 years I 1200+ facilities worldwide in 63 Countries I 40 manufacturing locations I 14 hubs in Norway I

NOVN At A Glance

NYSE……………………………..NOV

NOV Employees Globally………65,000

RS Employees…….…………….21,500

RS Employees Norway………….4,750

2013 Revenue NOV……….$22.8 Billion

2013 Revenue RS…………$11.6 Billion

2013 Revenue RSN……….$5.3 Billion

Headquarters……………….Houston, TX

President & CEO / Clay Williams

President, Rig Solutions / Joe Rovig

VP Drilling Equ. Engineering – Frode Jensen

Operation Mgr., Portugal- Kenneth Kaarikstad

NOV Norway, Rig Solutions

Rig Solutions / Norway

Total…………………..……….4750 employees

Operation……………………..3550 employees

Aftermarket…....................….1200 employees

Main office………………………..Kristiansand

I Southern Norway’s largest private employer

I Fifth largest exporters in Norway

I One of Norway’s biggest Oil & Gas companies

I Average age in NOVN is 36 years

I 80% of employees have advanced education

I 25% of employees are women

I Complete drilling equipment package for

Drill Ships, Land Rigs, Semi-Submersibles,

Jack-ups, Platforms and Well Intervention

Vessels

I Lifting equipment for Production Platforms

I Subsea cranes and winches for

construction market

I Anchor Handling Equipment Packages

I Installation & Commissioning

I Instrumentation, Monitoring, and

Optimization

I Spare Parts

I Training

Main Products of Rig Solutions

NOVN – Place in value chain

Stena Drillmax (Stena Drilling)

Deepsea Atlantic(Odfjell Drilling) - DSME

Stena IceMax (Stena Drilling) - SHI

Ocean Rig - 4 drillships at SHI

Recent NOV

Well Intervention Deliveries

Aker Oilfied Services

“Skandi Aker”

Well Intervention/

Module Handling

System 450T

2009

Marine Subsea

“Sarah”

Well Intervention/

Module Handling

System 300T

2009

Recent NOV AHC Crane Deliveries

Aker Wayfarer – 400t AHC Crane & 50t

AHC Transocean 165t

AHC Crane Olympic Zeus – 200t AHC Crane

Normand Oceanic – 400t AHC

CraneSkandi Aker – 400t AHC Crane

Skandi Neptune –

250t AHC Crane

Global Engineering

We design and continuously improve the productsNOV provides. We work in close collaboration withother groups within the company to identify thecustomers needs and the opportunities in today’smarketplace to design and build products that meetthese demands.

We cover all disciplines required forengineering state of the art equipment andprocesses.

I Technical SafetyI Layout and application engineeringI Systems engineeringI Mechanical and structural engineeringI Software and ControlsI Hydraulics and PipingI Electro and instrumentationI Structural calculations

Engineering office in Lisbon

• A branch company to NOV Norway (NOVN)

• Provide engineering resources to projects for Kristiansand, Stavanger and Oslo

• The grand opening was May 2013, we just had a one year anniversary

• 70 engineers hired, will recruit 40 more engineers throughout 2014

• A combination of newly educated and experienced Engineers

Engineering Disciplines:

• Mechanical Design

• Machine Control /HMI /

System Engineering

• Electro & Instrumentation

• Structural calculations

• Hydraulic Design

What do we need in Lisbon?

• Around 15 Electro & Instrument/ System/ HMI Engineers (Siemens S7 & AutoCAD)

• Around 20 Mechanical Design Engineers (Autodesk Inventor & AutoCAD)

• 2-4 Structural Calculation Engineers (Ansys & STAADPro)

• 1-2 Piping Designers (Autodesk AutoCAD Plant 3D & AutoCAD 2D)

• 80% Junior Engineers and 20% Senior Engineers

• We are looking for people, people with the right personality and the right attitude

WHY PORTUGAL?

I Availability of engineers

I Previous experience

I Similar ways of thinking

I Suitable cost level

I Language and geography

NOV Norway l Kristiansand l Stavanger l Molde l Asker l Trondheim l Tønsberg l Arendal

OBRIGADO !!!