Opportunities Oil & Gas SSEA Asia Day, Trondheim 10 June 2013

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Malaysia

Source: Wood Mackenzie’s Pathfinder(Extracted from MIDA ‘s Meet Malaysia

Investment Opportunities in Asia Oil & Gas Hub)

MALAYSIA – E & P Acreages

Exploration Acreages: 570.000 km2

Reserves: 22.64 bil boe PSCs Awarded: 95

• Exploration: 47• Development: 10• Production: 38

Fields discovered• Oil: 173

• Gas: 257Producing Fields

• Oil: 77• Gas: 55

320 platforms

Key Operators: 16

Three focus areas

• Enhanced Oil Recovery- current recovery factor 33%USD 12 billion projects with ShellUSD 2.1 billion projects with ExxonMobil 9 project sanctioned

• Marginal fields development3 Risk Service contracts signed

• Heighten exploration activitiesSome 35 exploration wells for 201327 rigs – Jack-ups, semi & Tender. 3-4 more rigs in

2013

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MALAYSIA - offshore market by category 2011-2016

USD Million 2011 2012 2013 2014 2015 2016

R&S 470 451 573 675 898 852EPC & Topside 1981 1801 2497 3153 3203 1866Subsea 1013 965 1072 902 2336 2295Well 3352 3675 4007 4463 5146 4752Operations 2610 2831 3029 3432 3627 3097Total 9426 9723 11178 12625 15209 12863

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Source: INTSOK annual report 2012

MALAYSIA – Offshore operators 2013-2016 by category

UD $ mil Operations Well Subsea EPC & Topside

R & S

Shell 4222 6776 2875 3673 660

Petronas 3677 3826 627 2904 675

ExxonMobil 2083 2827 216 1522 402

Murphy Oil 1486 1839 1855 1213 343

Hess 390 625 368 692 190

Total 11857 15893 5942 10004 2270

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Source: INTSOK annual report 2012

MALAYSIA - Some selected upcoming projects

Project Operator Dev. Concept Start up

Kebabangan Shell Fixed 2015Malikai Shell Floater 2016Bergading Petronas Fixed 2014Siakap North Murphy Oil Subsea 2014Tapis EOR ExxonMobil Fixed 2014Kamunsu East Shell Subsea 2016Besar Petronas Subsea 2017Ubah Crest Shell Subsea 2017Janglau Lundin Petroleum Subsea 2020Beryl Shell Fixed 2020

7Source: INTSOK annual report 2012

Indonesia8Photo: Jørgen Udvang

INDONESIA – Offshore market by category 2011 - 2016

USD mil 2011 2012 2013 2014 2015 2016

R & S 761 866 541 838 865 811EPC & Topside 773 1305 1102 1474 2008 2004Subsea 330 431 620 695 2064 2236Well 2561 3254 2528 4144 4674 4700Operations 2135 2274 2068 2346 2730 3021Total 6560 8130 6859 9496 12341 12771

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Source: INTSOK annual report 2012

INDONESIA – Offshore operators by category 2013 - 2016

USD Mil Operations Well Subsea EPC & Topside

R & S

Chevron 1469 4085 1691 1677 497Eni 359 2467 1759 648 201Total 2918 1430 148 691 203Inpex 793 515 251 1304 120CNOOC 723 345 54 431 84Total 6261 8840 3901 4752 1106

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Source: INTSOK annual report 2012

INDONESIA – selected upcoming projects

Project Operator Dev Concept Expected Start-up

Stupa Total Fixed 2013Jangkrik Eni Subsea 2016Gendalo-Gehem Chevron Floater 2017Tawes ConocoPhillips Subsea 2018Gula Chevron Subsea 2020

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Source: INTSOK annual report 2012

India

12Photo: Brendan K Buckley

INDIA- offshore market by category 2011-2016

USD Million 2011 2012 2013 2014 2015 2016

R&S 285 649 798 621 1046 823EPC & Topside 2126 1316 1119 1314 1404 2494Subsea 1186 1307 610 1239 1456 2673Well 2000 2614 3654 3391 4083 3370Operations 1626 1519 1527 1592 1780 1949Total 7223 7405 7708 8157 9768 11310

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Source: INTSOK annual report 2012

INDIA – Offshore operators 2013-2016 by category

UD $ mil Operations Well Subsea EPC & Topside

R & S

ONGC 4014 5222 3492 3576 943

Reliance 1210 5387 2079 862 952

Gujarat State 243 1177 14 150 340

Essar Oil 403 198 78 1114 73

BHP Billiton 97 620 2 48 254

Total 5966 12604 5665 5750 2562

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Source: INTSOK Annual report 2012

INDIA – selected upcoming projects

Project Operator Dev Concept Expected Start-up

Panna Mukati Tapti IOR ONGC Fixed 2016Dhirubhai-39 Reliance Subsea 2016Kanaka Durga ONGC Floater 2017UD- 1 ONGC Floater 2018Dhirubhai-38 Reliance Subsea 2018D-1 ONGC Floater 2020

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Source: INTSOK annual report 2012

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•Singapore’s maritime and oil & gas industry consists mainly: Shipbuilding Ship Repair Offshore Rig building (Jack-ups) Semi-Submersibles Drilling rigs FPSO / FSO conversions

•Total turnover for maritime and oil & gas industry is more than S$13 billion (NOK 60 billion) annually

•The offshore is the industry’s leading sector representing about 60% of the industry’s total turnover

•Singapore has about 70% of the world market share for building of jack-up rigs and FPSO conversions

SINGAPORE - Opportunities

SINGAPORE Shipyards – Market by definition 2011-2016

USD Million 2011 2012 2013 2014 2015 2016

Engineering 579 473 566 551 576 589SEP & V 2332 1827 2198 2137 2206 2276Drilling Systems 989 948 1117 1095 1179 1181Total 3926 3270 3901 3798 3969 4054

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Source: INTSOK annual report 2012

Thailand19Photo: Jørgen Udvang

THAILAND - Oil & Gas Industry

Proven Reserves:

•Oil: 453 million barrels•Gas: 10.1 trillion cubic feet

Exploration area: 274,636 Km2

Production area: 17,034 Km2

Platform: 331 units

Subsea pipelines: 3,000 km

Concession awards: 84 blocks

Players: 28 companies

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Source: Ministry of Energy

THAILAND - Equipment and machinery market Equipment & machinery in Thailand Oil & Gas industry

2013 Estimation(Unit: million NOK)

Total market size 633

Total local production 266

Total exports 264

Total imports 631

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Source: Ministry of Industry

Production and/or storage vessels in Thailand

No. of Units

FPSO 3

FSU or FSO 10

Mobile Production Unit 3

Total 16

THAILAND - Opportunities

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Technology Fabrication

• EOR/ IOR

• Technology to improve production solutions and handling of field related problems

• Technology for construction of lighter/cheaper, more efficient modules and offshore facilities, and offshore plant treatment facilities

• Gas separation technology

• 4D seismic and Carbon Capture and Storage (CCS)

• Platform construction

• Construction of process and utility topside modules for platforms and FPSOs

• Construction of process and utility modules for onshore installations

• Construction of modules for petrochemical plants

• Structure steel fabrication

THAILAND - Opportunities

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Equipment and Machinery Services

• Exploration and production equipment

• Process control equipment for gas separation

• Pumps for dispersing fuel and natural gas

• Underground and underwater pipe for oil and gas transmission

• High pressure vessels for natural gas vehicles (NGV)

• Equipment for petrochemical and chemical production

• Environmental protection equipment

• Engineering, procurement and installation (EPI) services

• Exploration and production services

• Consultancy services in engineering and management

• Consultancy services in risk assessment and management

• Consultancy services in environmental protection and environmental management

Gas discovered

Oil produced

Gas producedGas

produced

• Oil and gas activities in more than 130 Blocks.

• Oil reserves 4.4 billion barrels• Gas reserves 24.7 Tcf• Production: oil 326,000 bpd &

gas 0.71 billion cm• PetroVietnam invested USD11

billion in O&G exploration during 2000-2012

• PV signed >80 PSCs, BCCs & JOCs with some 50 IOCs, NOC worth over USD14 billion in contract value

VIETNAM – Producing Basins

VIETNAM – Opportunities

• Increased oil recovery• Drilling and production technologies, incl drilling rigs (70-

200m)• Deepwater drilling & subsea technology• Engineering, construction and production facilities• Oil spill management

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Upcoming Oil & Gas Exhibitions

• 10th ASCOPE Conference & Exhibition, Nov 28-30 2013Ho Chi Minh City, Vietnam

• OTC Asia, March 25-27, 2014: Norwegian Pavilion

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Thank you for your attention

27Egil.Rensvik@innovationnorway.no