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QUEST OFFSHORE PRODUCT CATALOG © 2013 Quest Offshore Resources, Inc.

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Page 1: Quest OffshOre PrOduct catalOg - MCEDDmcedd.com/wp-content/uploads/EmailProductCatalog2013.pdfAbout Quest Offshore Resources Quest Offshore is a boutique strategic advisory and consulting

Quest OffshOre PrOduct catalOg

© 2013 Quest Offshore Resources, Inc.

Page 2: Quest OffshOre PrOduct catalOg - MCEDDmcedd.com/wp-content/uploads/EmailProductCatalog2013.pdfAbout Quest Offshore Resources Quest Offshore is a boutique strategic advisory and consulting

About Quest Offshore Resources

Quest Offshore is a boutique strategic advisory and consulting firm to the global offshore Oil & Gas industry. Quest provides market expertise, strategic analysis, marketing communication and consultancy services focused primarily on technology-led solutions for deepwater exploration, development and exploitation activities.

Through a dedicated team of sector specialists focused on qualitative and quantitative data, Quest is able to provide a suite of subscription data products designed to identify global market opportunities for deepwater technologies. The Quest Enhanced Deepwater Development Database is the cornerstone of Quest’s capabilities to analyze and illustrate the regional and global nuances of each step of a field’s lifespan from leasing rounds to decommissioning activity.

Quest Product Catalog Directory

Quest Floating Rig Commitments (QFRC)

Drilling

Quest Global Prospects Report (QGPR)

Exploration

Quest Subsea Database (QSDB)

SubSEa

Quest Subsea Production Umbilical Database (QSPUD)

SubSEa

Quest Pipeline Perspective (QPP)

pipElinES

Quest Marine Construction Vessels (QMCV / QVCS)

MarinE ConStruCtion

Quest Floating Production Database (QFPD)

Floating proDuCtion

Quest Deepwater Shipyards Outlook (QDSO)

ShipyarDS

Quest  Deepwater  Shipyard  Outlook  

Quest  FPS  Database  

Quest  Marine  Construc<on  

Vessels  

Quest  Pipeline  

Perspec<ve  

Quest  Subsea  

Produc<on  Umbilical  Database  

Quest  Subsea  

Database  

Quest  Floa<ng  Rig  

Commitments   Quest  Enhanced  Deepwater  Database  

Quest  Global  

Prospects  

QSAT  

Quest  Field  Development  Report   LNG  

Page 3: Quest OffshOre PrOduct catalOg - MCEDDmcedd.com/wp-content/uploads/EmailProductCatalog2013.pdfAbout Quest Offshore Resources Quest Offshore is a boutique strategic advisory and consulting

Buy Side Investment Firm Comprehensive Investor Briefing Book

Flexibles & Umbilical Contractor Analysis of Industry Decision Centers Related to Forecast Demand

FPS Contractor Report on the Market for FPS Moorings

Independent Oil Company Multi-Project Component and Total Cost / Reserve Analysis

Industry Lobby Groups Analysis of Economic Impact of Offshore Industry

Regulatory Impact Analysis

International Chemicals Company Global Pipeline Insulation Report

Major International Oil Companies Offshore Pipeline Pigging Study

Gulf of Mexico Field Development Study

FPS Fabrication Yard Report

Subsea Equipment Pricing Study

Deepwater Equipment Cost Indicies

Hind-cast Trends in Marine Construction Asset Day Rates

Analysis of Current and Future Subsea Processing Applications

Forecast Marine Construction Asset Day Rate Model

Major National Law Firm Contract Dispute Research and Analysis, Expert Witness Services

Major Rig Fabricator Government Required Cost Benefit Analysis

Marine Construction Contractors Global SURF Installation Spending Report

Market Outlook and Business Plan Support

Newbuild Vessel Cost Analysis

Vessel Capabilities and Work Targeting Study

Operator / Engineering Contractor FPS Replacement Cost Valuations

Private Equity Investors Engineering Firm Capabilities and Work Targeting Study

Newbuild Pipelay / Construction Valuation and Market Study

Detailed Supply & Demand Analysis for all SURF Components

Comprehensive Analysis of Market Opportunities for Niche Player

Steel Supplier Large Diameter Pipeline Competitor Analysis

Steel-tube Supplier Regionally-Specific Analysis of Deep and Ultradeepwater Steel Demand

Quest Consulting Services & Experience

Select Consulting Experience

Quest Consulting Services & ExperienceQuest Offshore’s consultancy practice has grown considerably in recent years as an extension of our comprehensive market coverage through our subscription products. Utilizing the Quest Enhanced Deepwater Development Database, in combination with our global network of key industry contacts, Quest maintains the flexibility to speak to a wide variety of questions and requirements through a client-driven consulting process aimed at providing accurate and concise results in a format best fitting the customer’s needs.

Clients engage Quest’s consulting practice from all business areas involved in deepwater oil and gas including financial firms, engineering firms, supply chain companies, trade groups, law firms and oil companies. Our clients look to branch out into new areas of the market and seek to understand the competitive landscape, to better understand the current and future pricing environment, to expand upon a market trend illustrated in a current subscription product, or otherwise utilize the data and expertise of Quest. Quest is a leading source for valuable, client-directed consulting products and expertise that enables companies to make well-informed decisions across the offshore oil and gas industry.

Prepared by:

Quest Offshore Resources, Inc. Prepared for:

1600 Highway 6, Suite 300 American Petroleum Institute (API)

Sugar Land, TX 77478 National Ocean Industries Association (NOIA)

June 2011

United States Gulf of Mexico Oil and Natural Gas Industry Economic Impact Analysis

The Economic Impacts of GOM Oil and Natural Gas Development on the U.S. Economy

i

Key Findings

This report has documented the decline in

capital expenditures and operational

spending of the GoM offshore oil and

natural gas industry that occurred over the

2008 to 2010 period. The principal reasons

for this decline include the economic

recession in 2008-09 and the establishment

of a moratorium on deepwater drilling and

subsequent slowdown of permit issuance in

both GoM deep and shallow waters in 2010

and into 2011. We estimate that tens of

thousands of jobs have been lost in

response to the decline in capital

expenditures and operational spending of

the offshore GoM oil and natural gas

industry over this period.

We also demonstrate the near term

potential of the offshore GoM oil and natural

gas industry to create jobs, boost GDP and

generate tax revenues at all levels of

government – if the government pursues

a balanced regulatory approach that

allows for the timely development of the

backlog of GoM projects in an

environmentally responsible manner.

Under such government policy, we

estimate total spending by the GoM

offshore oil and natural gas industry to

increase by over 70 percent by 2013

from 2010 levels, and capital

expenditures to increase by over 140

percent. If potential spending levels are

reached, total employment supported by

the Gulf of Mexico oil and natural gas

industry in 2013 could exceed 430

thousand jobs or a 77 percent increase

from 2010.

.

Table 1: Estimated Historical and Projected Capital and Operational Spending, GDP

Impacts, and Employment1 Supported by the Offshore Gulf of Mexico Oil and Natural Gas

Industry (2008-2013)*

*Projected spending, GDP, and employment contingent on returning to pre-Macondo permitting rates.

Source: Quest Offshore Resources, Inc.

1 Total employment includes direct, indirect, and income induced employment.

($b illions)

2008 2009 2010 2011 2012 2013

Operating Expenditures $16.7 $17.2 $17.7 $21.6 $25.0 $25.7

Capital Expenditures $11.9 $9.7 $6.5 $8.9 $10.4 $15.7

GDP Impacts $30.8 $29.1 $26.1 $32.9 $38.2 $44.5

Total Employment 306,870 285,042 242,317 311,023 356,174 429,208

Historical Projected

26

Table 8: Estimated Historical and Projected Gulf of Mexico Oil and Natural Gas Industry

Domestic Spending Trends by Detailed Spending Type*

* Projected spending contingent on returning to pre-Macondo permitting rates.

Source: Quest Offshore Resources, Inc.

From 2009-2010, overall spending (both

deep and shallow water) fell by 10 percent.

The most affected sector was the drilling

sector, which saw a 41 percent decrease in

spending during the period as deepwater

drilling all but halted for two quarters of the

year due to the moratorium and shallow

water drilling significantly declined due to the

extreme slowing of drilling permit issuances.

The drilling sector is also expected to see

the most significant growth in spending if a

return to historical conditions occurs, with

drilling spending in 2013 expected to rise

165 percent from 2010 levels to $9.1 billion.

Facilities spending is also expected to see

significant growth from 2010 to 2013, with

spending expected to be up by 113 percent

over 2008 levels reaching $3.2 billion. For

this particular category, 2010 spending was

2008 2009 2010 2011 2012 2013

G&G $0.1 $0.1 $0.1 $0.1 $0.1 $0.1

Drilling $2.6 $3.5 $1.8 $2.6 $3.5 $4.8

Facilities $0.0 $0.0 $1.2 $1.9 $0.8 $1.9

SURF $3.0 $2.9 $1.3 $1.3 $1.9 $2.9

Total Deepwater $5.8 $6.5 $4.3 $5.9 $6.3 $9.8

2008 2009 2010 2011 2012 2013

G&G $0.1 $0.1 $0.1 $0.1 $0.1 $0.1

Drilling $4.0 $2.4 $1.6 $1.3 $2.5 $4.3

Facilities $1.1 $0.4 $0.4 $1.4 $1.3 $1.3

SURF $0.8 $0.2 $0.1 $0.4 $0.3 $0.3

Total Shallow Water $6.1 $3.2 $2.2 $3.1 $4.1 $5.9

Total CAPEX $11.9 $9.7 $6.5 $8.9 $10.4 $15.7

2008 2009 2010 2011 2012 2013

Total Deepwater $5.8 $6.2 $6.7 $8.5 $9.9 $10.3

2008 2009 2010 2011 2012 2013

Total Shallow Water $10.9 $11.0 $11.1 $13.1 $15.1 $15.4

Total OPEX $16.7 $17.2 $17.7 $21.6 $25.0 $25.8

Total Spend $28.5 $26.9 $24.2 $30.5 $35.4 $41.5

Projected

Deepwater

Capital Expenditures (Billions)

Shallow Water

Historical

Operating Expenditures (Billions)

Shallow Water Shallow Water

Deepwater

Shallow Water

Deepwater Deepwater

Page 4: Quest OffshOre PrOduct catalOg - MCEDDmcedd.com/wp-content/uploads/EmailProductCatalog2013.pdfAbout Quest Offshore Resources Quest Offshore is a boutique strategic advisory and consulting

Quest Floating Rig Commitments (QFRC)

STRATEGIC VALUE

• Identifies global and regional deepwater exploration, appraisal and development well drilling demand

• Details global and regional floating rig supply, including existing fleet and newbuild units

• Illustrates “gap” analysis between global well demand and floating rig supply

QFRC Deliverables

u Monthly snap-shot of Quest Floating Rig Commitments in MS Excel

u Quarterly market overview outlining key forecast trends in MS PowerPoint

QFRC Outline

Global Drilling Activity• Current Drilling Activity by Well

Type (Exploration, Appraisal, Development)

• Most active Operators currently drilling with Floating Rigs

• Global Floating Rig Supply & Total Well Demand

Quarterly Regional Activity• Current Drilling Activity by Well Type

(Exploration, Appraisal, Development)• Percentage of rigs working by provinces

within the region• Supply and Demand by Region –

five-year forecast• Average Day-rates among top five

operators in region

Floating Rig Analysis• Twelve Month Utilization by Region &

Global Comparison• Floating Rig Supply to 2018 (Contracted

vs. Spec Rigs)• Newbuild Deliveries out to 2018• Operators with Newbuilds ordered• Stacked Rigs by Type• Top 10 Operators with Floating Rigs

contracted

Current Global Drilling Activity with Floating Rigs

56%

32%

12%

Exploration/Appraisal

Development

Other

Exploration/Appraisal Development OtherAfrica/Medit. 24 17 3Asia Pacific/Middle East 20 8 8North America 18 18 7North Sea/Arctic 15 19 7South America 54 14 4Worldwide 131 76 29

Global Floating Rig Supply and Forecast Subsea Well Demand 2012-2016

0

50

100

150

200

250

300

350

600

650

700

750

800

850

900

950

1000

2012 2013 2014 2015 2016

Floa

ting

Rig

Sup

ply

Fore

cast

Dril

ling

Dem

and

Spud Year

Forecasted Wells Rigs Contracted Effective Supply

Africa / Medit. Regional Drilling Profile

Transform Margin: Ghana, Cote D’ Ivore, Liberia, Sierra Leone, Guinea & Guinea Bissau

Other Africa: Caspian, Equatorial Guinea, Mauritania, Gabon, Cameroon, Namibia, Senegal, Benin, Turkey, S. Africa

Mediterranean: Egypt, Libya, Tunisia, Algeria, Morocco, Israel

East Coast Africa: Mozambique, Madagascar, Tanzania, Kenya

Rigs Working

Over the past 24 months (2011-2012) nine newbuild rigs have been deployed with another eight expected to arrive over the next 24 month period (2013-2015). Frontier areas off East Africa, Transform Margin and Med. are growth areas for increased exploration activity.

Angola & Nigeria now account for less than 50% of floating rigs working off Africa/Med.

34%

20%39%

7%

Current Drilling Profile (44 wells)

Expl. Wells Drilling Appr. Wells Drilling Dev. Wells Drilling NDA27%

18%

12%

11%

18%

14%ANGOLA-CONGO

NIGERIA

TRANSFORM MARGIN

EAST COAST AFRICA

MEDITERRANEAN

OTHER AFRICA

Average Dayrate for all rigs in-service globally is $390,000

Worldwide Top 15 Operators by Floating Rig Commitments

Rig

Coun

t

Avg. Dayrate ($000)

$347

$419$449

$406$428 $453

$494

$275

$446

$258

$515

$411

$469

$388

$285

0

100

200

300

400

500

600

0

10

20

30

40

50

60

70

Petr

obra

s

Stat

oil

BP

Shel

l

Tota

l

Chev

ron

Exxo

nMob

il

ONG

C

Eni

OGX

Anad

arko

Pem

ex

Hess

Nobl

e En

ergy

Buru

llus G

as

Rig Cnt Avg Dayrate ($000)

RIG SUPPLY

Rig Owner Rig Name Rig TypeStation Keeping

Drilling Depth ft

WD Rate FT WD CULL

Year Build

Transocean Discoverer Luanda Drillship dp 40000 7500 Ultra-deep 2010Ensco Ensco 5001 Semi moored 25000 6500 Deepwater 1998Transocean Jack Bates Semi moored 30000 5400 Deepwater 1997Vantage Drilling Platinum Explorer Drillship dp 40000 10000 Ultra-deep 2011Noble Drilling Noble Discoverer Drillship moored 20000 2000 Mid-water 1975Transocean Deepwater Pathfinder Drillship dp 30000 10000 Ultra-deep 1998Saipem Scarabeo 5 Semi dp 29500 6000 Deepwater 1990Seadrill West Phoenix Semi dp 30000 10000 Ultra-deep 2008Transocean GSF Arctic I Semi moored 25000 3400 Mid-water 1996Dryships Leiv Eirikson Semi dp 30000 10000 Ultra-deep 2002

RIG CONTRACTS

Operator Hemisphere ProvinceContract

Start Contract

EndYr

AvailDay Rate

($000)bp Africa/Medit. Angola 11/1/2010 1/15/2018 2018 470Maersk Africa/Medit. Angola 2014 275Santos Asia Pacific/Middle East Australia 7/15/2012 4/15/2013 2013 ONGC Asia Pacific/Middle East India 1/1/2011 1/1/2016 2016 590Royal Dutch/Shell North America Alaska 7/15/2012 3/1/2014 2014 240Eni North America GOM-US 9/1/2010 4/1/2015 2015 672Statoil North Sea/Arctic N Sea, Norway 9/15/2002 9/1/2017 2017 400Total North Sea/Arctic West of Shetlands 1/8/2012 1/10/2015 2015 452Vanco South America Brazil 2013 Borders & Southern (FOGL) South America Falkland Island 2016

EXPLORATION & DEVELOPMENT WELL SPUDS

Project TypeQuest

IDWell Type Project Name Block Water Depth Mtr Project Status

Parent Project 1754 D BLOCK 31 PHS 1 (NE AREA) (PSVM) Blk 31' 1804 Pending/ConstructionProspect 4255 E Block 23 Exploration (Kwanza Basin) Blk 23' 1200 Drilling (Prospect)Prospect 1056 E Crown-1 WA-274-P' 1000 Drilling (Prospect)Prospect 3694 E KG Basin Exploration (ongoing) Krishna-Godavari Basin' 1000 Drilling (Prospect)Prospect 3030 E Burger Top-Hole 6713-6714' 50 Drilling (Prospect)Prospect 3837 E Appaloosa well 003 MC460' 803 Drilling (Prospect)Parent Project 3509 D Hyme 6407/8-C-2 6407/8' 256 Pending/ConstructionProspect 3795 E Tomintoul 205/9-2 205/9' 580 Drilling (Prospect)Prospect 3572 E Sabia BM-S-72 S-M-1100' 200 Drilling (Prospect)Prospect 3835 E Scotia (Hersilia Complex) Northern License Area' 800 Drilling (Prospect)

Excel Tables Do Not Contain All Available Data Fields

Page 5: Quest OffshOre PrOduct catalOg - MCEDDmcedd.com/wp-content/uploads/EmailProductCatalog2013.pdfAbout Quest Offshore Resources Quest Offshore is a boutique strategic advisory and consulting

Quest Global Prospects Report & Quarterly (QGPR/QGPQ)

STRATEGIC VALUE

• Outlines global deepwater exploration opportunities

• Leading indicator for long-term deepwater development activity

• Highlights upcoming areas of focus and operator interest for E&P activity

• Prospect-level data enabling users to identify which drilling programs are driving future trends

QGPR/QGPQ Deliverables

u Monthly snapshot of exploration activity (MS Excel)

u Quarterly market analysis of global and regional exploration trends (MS PowerPoint)

QGPR/QGPQ Outline

Global Deepwater Exploration Activity

• Drilled and undrilled activity by hemisphere

• Drilled and undrilled activity by water depth cull

• Drilled and undrilled activity by current status

Operators’ Activity Highlights• Drilled and undrilled activity by

operator classification • Top 15 Most Active, Most Successful and

Least Successful drillers• Global Deepwater Exploration Drilling

Activity – Five-Year Rolling Forecast• Identified Exploration and Appraisal

counts • Forecast drilling by hemisphere

compared to actual drilling

Quarterly Regional Activity• Comparison of activity levels by regions

within a hemisphere• Operator activity in a specific region• Exploration activity levels by water

depth category• Drilling Success Rates since 2004

0

20

40

60

80

100

120

2009 2010 2011 2012 2013 2014 2015 2016

E&A

Wel

l Cou

nt

Spud Year

>=7500 FSW

4001-7499 FSW

1501-4000 FSW

0-1500 FSW

Africa  /  Medit.  Explora(on  Forecast  2013-­‐2016  (Normalized)  Explora(on  &  Appraisal  drilling  expected  to  DOUBLE  over  the  next  4  years  

Explora(on  Targets  by  Hemisphere  2004-­‐2016  (12  Yr.  Normalized)    

No.

 Exp

lora

(on  

Targ

ets  

Drilled 2522 Un-Drilled 1619

462547

450631

432

375 270279

345

350

0

200

400

600

800

1000

1200

Africa/Medit. Asia Pacific/Middle East

North America North Sea/Arctic South America

No.

 Disco

verie

s  

Top  20  Most  Successful  Operators  2004-­‐2012  

34%

25%

41%

Majors  more  than  any  other  group  have  been  the  most  successful  in  the  deep  and  ultra  deep-­‐water  basins    

0

20

40

60

80

100

120

140

160

Independents  Majors  

Na(onals  

North  America  Explora(on  Success  2004-­‐2012  

0

10

20

30

40

50

60

70

80

2004 2005 2006 2007 2008 2009 2010 2011 2012

Cou

nt

Spud Year

Spuds Discoveries

PROSPECT-LEVEL DATAOperator Prospect Name Hemisphere Province Block Water Depth Mtr

OGX Abacate Extension Well South America Brazil 'BM-S-29' 100Royal Dutch/Shell Benbecula North Sea/Arctic West of Shetlands'154/1a' 1240Nido Bikuda SC58 Asia Pacific/Middle EastPhilippines 'SC58' 1000bp Capella KC 414 North America GOM-US 'KC414' 1680ConocoPhillips DS-08-11 Asia Pacific/Middle EastBangladesh 'DS-08-11' 1000Petrobras Mexilhao Africa/Medit. Portugal 'Mexilhao Blk / Lusitaniana Basin' 3000Petrobras Park of Sweets area BM-ES-23 South America Brazil 'ES-M-525' 1400Premier Oil Rocket (Catcher Area) North Sea/Arctic N Sea, UK '28/9' 100Cobalt International EnergyRocky Mountain MC649 North America GOM-US 'MC649' 1890Genel Energy Sidi Moussa Block exploration well #1Africa/Medit. Morocco 'Sidi Moussa' 1250WELL-LEVEL DATA

Well Type Spud Mo Spud Yr Status Rig Name Modified Date Modified Year Drilling NotesAppraisal 9 2013 Prospect (Prospect) 11 2012 Nov 2010: OGX assumed Maersk interest and becomes operator; more 3d seismic tb acquired and one extension of abacate to be drilledExploration 4 2013 Prospect (Prospect) 9 2011Exploration 5 2014 Prospect (Prospect) 6 2012 2d seismic tb complete mid 2012; will drill Balyena prospect in same block first in Jan 2014;Exploration 9 2013 Prospect (Prospect) 7 2010Exploration 7 2013 Prospect (Prospect) 7 2012 Bangladesh winter season is Nov-FebExploration 9 2014 Prospect (Prospect) 7 2011 200-3000 meter water depths in blockExploration 10 2013 Prospect (Prospect) 11 2012 addt wells planned for area after making multiple discoveriesExploration 9 2014 Prospect (Prospect) 3 2012 one of three low risk prospects identified tb drilled before 2015 (incld Rapide and Cougar)Exploration 11 2013 Prospect (Prospect)ENSCO 8503 10 2011 One of many prospects on Cobalts priority list to be drilled.Exploration 9 2014 Prospect (Prospect) 8 2012

Excel Tables Do Not Contain All Available Data Fields

Page 6: Quest OffshOre PrOduct catalOg - MCEDDmcedd.com/wp-content/uploads/EmailProductCatalog2013.pdfAbout Quest Offshore Resources Quest Offshore is a boutique strategic advisory and consulting

Quest Subsea Database (QSDB)

STRATEGIC VALUE

• Industry leading forecast of subsea tree awards

• Market forecasts illustrate near and long-term health of overall subsea industry

• Key analysis around regional, operator and water depth trends for subsea tree awards and startups

• Historic and forecast subsea CAPEX analysis

QSDB Deliverables

u Market Overview in MS PowerPoint of key trends and forecasts

u Full working files in MS Excel supporting Market Overview

u Full downloads of historic and forecast subsea databases

QSDB Outline

Subsea Project Spend by Onstream (Startup) Year• Illustrations of global historical and

forecast spending for entire subsea production package

Market Forecast Subsea Awards• Quest applies a base, mean and

high case to all projects to take into consideration the location, timing, status, etc. of a project in calculating forecasted trees. Current market dynamics also influence the base and high case scenarios for projects.

• Historical and five-year forecast of global subsea tree awards: By Region, By Water Depth, CAPEX analysis for tree, control and manifold hardware (Only)

• Top operators classified by their mean case tree award forecast

Market Analysis Subsea Tree Startups• Illustrates historic and forecast installed

base of subsea tree awards• From 1996 and includes six-year

forecast: By Region, By Water Depth

Market Share Analysis• Long-term regional subsea tree

market share• Current quarter analysis of subsea tree

and control awards• Current quarter and YTD review of

subsea tree, control and manifold awards by manufacturer and estimated value (US$)

HISTORICAL TREE-LEVEL DATA

Province Operator Project Name StatusTree Booked

DateTree Delivery

YearSubsea Contract

($000)Number Of Manifolds

Manifold Mfg Tree Mfg Controller Mfg

N Sea, Norway BG Group KNARR CENTRAL & WEST Pending/Construction 9/20/2011 2014 $135,000.00 2 FMC Technologies FMC Technologies FMC TechnologiesN Sea, Norway BG Group KNARR CENTRAL & WEST Pending/Construction 5/5/2012 2014 $135,000.00 2 FMC Technologies FMC Technologies FMC TechnologiesN Sea, Norway BG Group KNARR CENTRAL & WEST Pending/Construction 5/5/2012 2014 $135,000.00 2 FMC Technologies FMC Technologies FMC TechnologiesN Sea, Norway BG Group KNARR CENTRAL & WEST Pending/Construction 9/20/2011 2013 $135,000.00 2 FMC Technologies FMC Technologies FMC TechnologiesN Sea, Norway BG Group KNARR CENTRAL & WEST Pending/Construction 9/20/2011 2013 $135,000.00 2 FMC Technologies FMC Technologies FMC TechnologiesN Sea, Norway BG Group KNARR CENTRAL & WEST Pending/Construction 9/20/2011 2013 $135,000.00 2 FMC Technologies FMC Technologies FMC TechnologiesN Sea, Norway BG Group KNARR CENTRAL & WEST Pending/Construction 9/20/2011 2014 $135,000.00 2 FMC Technologies FMC Technologies FMC TechnologiesN Sea, Norway BG Group KNARR CENTRAL & WEST Pending/Construction 9/20/2011 2014 $135,000.00 2 FMC Technologies FMC Technologies FMC Technologies

SUBSEA FORECAST-LEVEL DATA

StatusSubsea Tree

CountTree Bid Date Tree Award Date Tree Award Qtr Award Year Bidder 1 Bidder 2 Bidder 3

Bidding 58 9/1/2012 6/1/2013 2 2013 Aker Solutions FMC TechnologiesFEED 5 6/1/2013 1/1/2014 1 2014 CameronFEED 18 9/1/2013 3/1/2014 1 2014 GE Oil & Gas FMC TechnologiesConceptual 10 1/1/2015 6/1/2015 2 2015

Conceptual 10 6/1/2013 3/1/2014 1 2014 FMC Technologies GE Oil & Gas

FEED 6 6/1/2014 6/1/2015 2 2015 FMC Technologies Cameron GE Oil & GasFEED 8 1/1/2013 6/1/2013 2 2013 FMC TechnologiesFEED 8 1/1/2013 6/1/2013 2 2013 FMC TechnologiesConceptual 15 1/1/2014 12/1/2014 4 2014FEED 36 1/1/2014 6/1/2014 2 2014

PROJECT-LEVEL DATA

Hemisphere Province Operator Project Name BlockWater

Depth MtrStartup

YearHost Field Name

Offset From Host Km

Africa/Medit. Angola Total Kaombo Phase 1 (BLOCK 32) '32' 1540 2018 Kaombo Phase 1 20Africa/Medit. Israel Noble Energy LEVIATHAN EPS (DOMESTIC SUPPLY) 'Rachel License' 1000 2017 LEVIATHAN EPS (DOMESTIC SUPPLY) 3Asia Pacific/Middle East Indonesia INPEX ABADI GAS FIELD FLNG (MASELA BLOCK) 'Masela' 500 2017 ABADI GAS FIELD FLNG (MASELA BLOCK) 5Asia Pacific/Middle East Indonesia Chevron KUTEI BASIN: RANGGAS (RAPAK PSC) 'Rapak PSC' 1600 2018 MAKASSAR STRAIGHT PHS 3 11

North America GOM-Mexico Pemex LAKACH-LABAY COMPLEX'Deep Coatzacoalcos'

1500 2016 50

North America GOM-US ExxonMobil JULIA WR627 'WR627' 2160 2017 HADRIAN NORTH KC919 75North America GOM-US Royal Dutch/Shell STONES FFD WR508 'WR508' 2900 2015 STONES FFD WR508 5North Sea/Arctic N Sea, UK Enquest PLC KRAKEN 9/2b '9-2' 118 2016 KRAKEN 9/2b 3North Sea/Arctic West of Shetlands Hurricane Exp LANCASTER 205/21A PHS 1 '205/21a' 157 2016 LANCASTER 205/21A PHS 1 3South America Falkland Island Premier Oil SEA LION 14/10-3 '14/10-B' 400 2017 SEA LION 14/10-3 3

Excel Tables Do Not Contain All Available Data Fields

World  Subsea  Produc/on  Capex  Forecast  spending  2012-­‐2017e  $67.2bn  

0

100

200

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400

500

600

700

$0

$2,000

$4,000

$6,000

$8,000

$10,000

$12,000

$14,000

$16,000

$18,000

$20,000

2004 2005 2006 2007 2008 2009 2010 2011 2012e 2013e 2014e 2015e 2016e 2017e

Num

ber  o

f  Sub

sea  

Tree

 Sta

rtup

s

KM  o

f  SPU

 or  $

MM

Startup  Year

$MM  -­‐ subsea  production  umbilicals  installed

$MM  -­‐ subsea  manifolds

$MM  -­‐ tree  control  pkg  (flying  leads,  jumper,  MCS,  HPU,  UTA,  J-­‐Plate)

$MM  -­‐ subsea  trees  &  control  pod:  (chokes,  sensor  pkg.)

No.  subsea  trees  (well  completions)  by  onstream  year

Km  -­‐ subsea  production  umbilicals  installed

0

100

200

300

400

500

600

700

800

#  of  Sub

sea  Tree

s  (Mean  Case)

Award  Year

Africa/Medit. Asia/Pacific N.  Sea N.  America S.  America

Quest  Global  Subsea  Tree  Forecast  Awards  Mean  Case  2000A  to  2016e    

Global  Subsea  Tree  Awards  by  Water  Depth  2000-­‐2016e  (Forecast  =  Mean  Case)  

Deep  and  ultra  deep  water  awards  forecast  to  increase  by  129%  in  2012-­‐2016e  (mean  

case)  compared  to  2007-­‐2011.  

0

100

200

300

400

500

600

700

800

#  Subsea  Tree  Aw

ards  (M

ean  Case)

Award  Year

0-­‐1500fsw   1501-­‐4000fsw   4001-­‐7500fsw   7501+fsw  

0-­‐1500fsw  36%

1501-­‐4000fsw  24%

4001-­‐7500fsw  38%

7501+fsw  2%

Global  Consolidated  Market  Share    

AS  =  Aker  Solu/ons;  CAM  =  Cameron;  DQ  =  Dril-­‐Quip;  FTI  =  FMC  Technologies;  GE  =  GE  Oil  &  Gas  

0%

10%

20%

30%

40%

50%

60%

70%

% M

kt S

hare

Award YrAS CAM DQ FTI GE

Page 7: Quest OffshOre PrOduct catalOg - MCEDDmcedd.com/wp-content/uploads/EmailProductCatalog2013.pdfAbout Quest Offshore Resources Quest Offshore is a boutique strategic advisory and consulting

Quest Subsea Production Umbilical Database (QSPUD)

STRATEGIC VALUE

• Illustrates global demand trends for the subsea production umbilical (SPU) market

• Delineates market into steel-tubed and thermoplastic-hosed SPU demand

• Analyzes market in terms of volume (KM) and value (US$MM)

• Provides comprehensive market share analysis of historical global awards

QSPUD Deliverables

u Market Overview in MS PowerPoint of key trends and forecasts

u Full working files in MS Excel supporting Market Overview

u Full downloads of historic and forecast subsea production umbilical database

QSPUD Outline

Market Forecast of Subsea Production Umbilical Capex by Award Year

• Top operators classified by their historic and forecast demand

• Comparison of region demand based on historical and forecasted SPU awards

• Includes comparison between steel and thermoplastic SPU’s for each region

Subsea Production Umbilical Forecast Awards• Kilometers of SPU awarded (historical

and forecast) vs. number of trees awarded (historical and forecast)

• Comparison between hemispheres based on SPU awards in kilometers and equivalent US$

• Illustration of dynamics between steel and thermoplastic demand within the SPU market historically and in the next five years.

Historical Umbilical Market Share • Market share of SPU manufacturers• Regional Comparison between

hemispheres based on historical-to-date awards

• Steel vs. thermoplastic comparison

Forecast Umbilical-Level Data

Umbilical Status Umbilical Type Bid Date Award DateInstall Date

Length Meters Mfg Bidder 1 Mfg Bidder 2 Mfg Bidder 3

LOI (Letter of Intent) Steel Super Duplex 6/1/2007 4/1/2015 1/1/2017 104585 Technip DUCOBidding Steel Super Duplex 4/2/2012 12/20/2012 9/1/2014 43443 Aker Solutions Oceaneering Umbilical SolutionsTechnip DUCOFEED Steel 6/1/2013 3/1/2014 8/1/2015 25000 NEXANS JDR Umbilical Systems Technip DUCOBidding Thermoplastic 9/1/2012 1/1/2013 7/1/2013 10000 JDR Umbilical SystemsBidding Steel 3/1/2012 12/1/2012 1/1/2015 1000 NEXANS Oceaneering Umbilical SolutionsConceptual Steel 6/1/2014 1/1/2015 1/1/2018 20000 NEXANSConceptual Subsea Power 6/1/2014 1/1/2015 1/1/2017 20000 NEXANSBidding Steel 6/1/2012 3/1/2013 4/15/2015 25000 Aker Solutions NEXANS Oceaneering Umbilical SolutionsFEED Thermoplastic 1/1/2013 10/1/2013 6/1/2015 60000 Oceaneering Umbilical SolutionsBidding Thermoplastic 6/1/2011 12/20/2012 4/1/2013 10000 Oceaneering Umbilical Solutions

Project-Level Data

Hemisphere Province Operator Project Name BlockWater Depth

MtrStartup

YearOffset From

Host KmAfrica/Medit. Angola bp BLOCK 31 PHS 3 (CHTMCP) 'Blk 31' 1602 2017 5Africa/Medit. Angola Chevron LIANZI ANGOLA-CONGO UZ BLOCK 14 '14' 909 2015 43Asia Pacific/Middle East China CNOOC LIUHUA 16-2 '16-2' 400 2016 2Asia Pacific/Middle East Philippines Otto GALOC PHS 2 'SC 14C' 290 2013 5North America GOM-US bp ATLANTIS PHS 2B GC699/GC700/GC743/GC743/GC744 'GC787' 2156 2015 9North America GOM-US bp Kaskida KC292 'KC292' 1786 2018 5North America GOM-US bp Kaskida KC292 'KC292' 1786 2018 5North Sea/Arctic N Sea, Norway Statoil AASTA HANSTEEN (6707/10-2 ,6706/10 ) '6707/10' 1275 2016 5South America Brazil Petrobras FRANCO-1 TRANSFER OF RIGHTS FPSO P-74 ANP Transfer of Rights 2100 2016 3South America Brazil OGX TUBARAO AZUL (FRMR WAIMEA) PHASE 2 BM-C-41 (OSX-2) 'BM-C-41' 140 2013 5

Excel Tables Do Not Contain All Available Data Fields

0

100

200

300

400

500

600

700

800

0

500

1000

1500

2000

2500

3000

#  Subsea  Tree  Aw

ards  (M

ean  Case)

KM  

Award Yr

Global  (Steel  Awarded) Global  (Steel  Unawarded  -­‐Mean  Case)

Global  (Thermoplastic  Awarded) Global  (Thermoplastic  Unawarded  -­‐Mean  Case)

Global  SS  Trees  (Mean  Case)

Subsea  Tree  &  SPU  KM  Ac1vity  Trends  Mean  Case  

SPU  Demand  –  Global Base,  Mean  and  High  Case  SPU  Awards  

$0

$500

$1,000

$1,500

$2,000

$2,500

US$

MM

 

Award  Year

Global  (Steel  Awarded) Global  (Steel  Unawarded  -­‐Mean  Case)

Global  (Thermoplastic  Awarded) Global  (Thermoplastic  Unawarded  -­‐Mean  Case)

Global  (All  Types  -­‐ High  Case) Global  (All  Types  -­‐ Base  Case)

2001-­‐2004 2005-­‐2008 2009-­‐2012e 2013e-­‐2016eNSEA  -­‐ Thermoplastic    (Mean  Case) 565 365 320 482NSEA  -­‐ Steel    (Mean   Case) 1199 611 654 1373NSEA  -­‐ All  Types    (High  Case) 1764 976 999 2266NSEA  -­‐ All  Types    (Base  Case) 1764 976 949 1443

0

500

1000

1500

2000

2500

KM

Award  Year

North  Sea–  SPU  Demand  4-­‐Year  Comparison  (KM) Base,  Mean  and  High  Case  Awards  Forecast    

-49% -35% +110%

+7% -12%

+51%

Global  SPU  Manufacturer  Market  Share    2000  –  Q3  2012  SPU  

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

%  M

arke

t  Sha

re  (K

M)

Award  Year

Aker  Solutions   MFX   NEXANS   Oceaneering  Umbilical  Solutions   Other   Parker   Prysmian   Technip  DUCO  

SS  Power3%

Steel61%

Thermoplastic36%

Page 8: Quest OffshOre PrOduct catalOg - MCEDDmcedd.com/wp-content/uploads/EmailProductCatalog2013.pdfAbout Quest Offshore Resources Quest Offshore is a boutique strategic advisory and consulting

Quest Pipeline Perspective (QPP)

STRATEGIC VALUE

• Illustrates global demand for deepwater flowline and pipeline installation and SURF projects

• Breaks market down into outer diameter ranges aligned with installation asset capabilities

• Analyzes demand associated with subsea projects, export lines and large transmission lines

• Detailed data includes location, pipeline specs, length, installation contractors and milestone dates

QPP Deliverables

u Market Overview in MS PowerPoint of key trends and forecasts

u Full working file in MS Excel supporting Market Overview

u Full downloads of historic and forecast deepwater pipeline and flowline database

QPP Outline

Kilometers of flowline installed worldwide • Provides Base, Mean, and High Six-Year

Forecast Cases • Historical Analysis from 2002 onward.• Outside Diameter Analysis: 0-14”,

15\19”, 20-24”, 25”+• Rigid Steel and Flexible Analysis

Comparison of hemispheres and provinces based on historical and forecasted flowline projects

• Base, Mean, and High Normalized Case Six-Year Forecasts

• Historical Analysis from 2002 onward• Outside Diameter Analysis per

Hemisphere: 0-14”, 15-19”, 20-24”, 25”+

• Demand Allocation: Global Demand Allocation by Kilometer

• Demand Growth: Historical v. Forecast Five-Year Period

Worldwide  Pipeline  Demand                                                                                                                  2006  –  2017  

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

KM

Installation Year

Flexible

25+ Rigid Steel

20-24 Rigid Steel

15-19 Rigid Steel

0-14 Rigid SteelWorldwide  Pipeline  Demand  Growth                                              2006  –  2011  vs.  2012  –  2017  

0

5,000

10,000

15,000

20,000

25,000

2006-2011 2012-2017

KM

Installation Year

0-14

15-19

20-24

25+

2012e-­‐2017e  Top  Operators  by  Pipeline  InstallaGon  (KM)  Infield  v.  Exports  

0

1000

2000

3000

4000

5000

6000

7000

Petrobras Chevron Total bp Statoil Woodside  Petroleum

Royal  Dutch  Shell

Anadarko  Petroleum

INPEX Hess

Installed  Pipe

line  KM

Operator

Export  KM Infield  KM

Gulf  of  Mexico  Pipeline  Demand                                                    2006  –  2017  

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

KM

Installation Year

Flexible

25+ Rigid Steel

20-24 Rigid Steel

15-19 Rigid Steel

0-14 Rigid Steel

PROJECT-LEVEL DATA

Operator Hemisphere Province Field BlockWater Depth

MtrSubsalt/P

resaltStranded

GasStartup

YearProject Bid

DateOffset From

Host KmTotal Africa/Medit. Angola CLOV: CRAVO, VIOLETA, ORQUIDEA, LIRIO BLOCK 17 'Blk 17' 1291 No No 2014 7/1/2008 15Total Africa/Medit. Angola CLOV: CRAVO, VIOLETA, ORQUIDEA, LIRIO BLOCK 17 'Blk 17' 1291 No No 2014 7/1/2008 15Total Africa/Medit. Angola CLOV: CRAVO, VIOLETA, ORQUIDEA, LIRIO BLOCK 17 'Blk 17' 1291 No No 2014 7/1/2008 15Total Africa/Medit. Angola CLOV: CRAVO, VIOLETA, ORQUIDEA, LIRIO BLOCK 17 'Blk 17' 1291 No No 2014 7/1/2008 15Total Africa/Medit. Angola CLOV: CRAVO, VIOLETA, ORQUIDEA, LIRIO BLOCK 17 'Blk 17' 1291 No No 2014 7/1/2008 15Chevron Asia Pacific/Middle East Australia GREATER GORGON (GORGON, JANSZ, CLIO) LNG 'WA-2-R' 200 No Yes 2014 1/15/2008 65Chevron Asia Pacific/Middle East Australia GREATER GORGON (GORGON, JANSZ, CLIO) LNG 'WA-2-R' 200 No Yes 2014 1/15/2008 65Chevron Asia Pacific/Middle East Australia GREATER GORGON (GORGON, JANSZ, CLIO) LNG 'WA-2-R' 200 No Yes 2014 1/15/2008 65Enterprise Products Partners North America GOM-US INDEPENDENCE HUB (AVP) 'MC920' 2415 No No 2007 7/1/2004 5Enterprise Products Partners North America GOM-US INDEPENDENCE HUB (AVP) 'MC920' 2415 No No 2007 7/1/2004 5Enterprise Products Partners North America GOM-US INDEPENDENCE HUB (AVP) 'MC920' 2415 No No 2007 7/1/2004 5bp North America GOM-US TIBER KC102 'KC102' 1259 Yes No 2019 5bp North America GOM-US TIBER KC102 'KC102' 1259 Yes No 2019 5Statoil North Sea/Arctic N Sea, Norway AASTA HANSTEEN '6707/10' 1275 No Yes 2016 10/1/2011 5Statoil North Sea/Arctic N Sea, Norway AASTA HANSTEEN '6707/10' 1275 No Yes 2016 10/1/2011 5Royal Dutch/Shell North Sea/Arctic N Sea, Norway ORMEN LANGE Phs 1 6304, 6305/7 '6304' 1100 No No 2007 3/15/2003 100Royal Dutch/Shell North Sea/Arctic N Sea, Norway ORMEN LANGE Phs 1 6304, 6305/7 '6304' 1100 No No 2007 3/15/2003 100Royal Dutch/Shell North Sea/Arctic N Sea, Norway ORMEN LANGE Phs 1 6304, 6305/7 '6304' 1100 No No 2007 3/15/2003 100Royal Dutch/Shell North Sea/Arctic N Sea, Norway ORMEN LANGE Phs 1 6304, 6305/7 '6304' 1100 No No 2007 3/15/2003 100Royal Dutch/Shell North Sea/Arctic N Sea, Norway ORMEN LANGE Phs 1 6304, 6305/7 '6304' 1100 No No 2007 3/15/2003 100Royal Dutch/Shell North Sea/Arctic N Sea, Norway ORMEN LANGE Phs 1 6304, 6305/7 '6304' 1100 No No 2007 3/15/2003 100Royal Dutch/Shell North Sea/Arctic N Sea, Norway ORMEN LANGE Phs 1 6304, 6305/7 '6304' 1100 No No 2007 3/15/2003 100Royal Dutch/Shell North Sea/Arctic N Sea, Norway ORMEN LANGE Phs 1 6304, 6305/7 '6304' 1100 No No 2007 3/15/2003 100Royal Dutch/Shell North Sea/Arctic N Sea, Norway ORMEN LANGE Phs 1 6304, 6305/7 '6304' 1100 No No 2007 3/15/2003 100Premier Oil South America Falkland Island SEA LION 14/10-3 '14/10-B' 400 No No 2017 3Premier Oil South America Falkland Island SEA LION 14/10-3 '14/10-B' 400 No No 2017 3Premier Oil South America Falkland Island SEA LION 14/10-3 '14/10-B' 400 No No 2017 3Premier Oil South America Falkland Island SEA LION 14/10-3 '14/10-B' 400 No No 2017 3Premier Oil South America Falkland Island SEA LION 14/10-3 '14/10-B' 400 No No 2017 3Premier Oil South America Falkland Island SEA LION 14/10-3 '14/10-B' 400 No No 2017 3Premier Oil South America Falkland Island SEA LION 14/10-3 '14/10-B' 400 No No 2017 3

PIPELINE-LEVEL DATA

DescriptionFlowline

StatusInternal

DiameterExternal

DiameterLength Km Design

Flowline Export Type

Flowline TypeFlowline

Start DateContractor Barge

ORQUIDEA VIOLETA PRODUCTION Installing 10 14 21 Infield Flowline Rigid steel 9/15/2012 Subsea 7 Seven BorealisORQUIDEA VIOLETA WATER INJ Installing 10 33 Infield Flowline Rigid steel 9/15/2012 Subsea 7 Seven BorealisCRAVO LIRIO PRODUCTION Installing 12 16 17 Infield Flowline Rigid steel 9/15/2012 Subsea 7 Seven BorealisCRAVO LIRO WATER INJ Installing 12 24 Infield Flowline Rigid steel 9/15/2012 Subsea 7 Seven BorealisGAS EXPORT Installing 13 32 Export Pipeline Gas Rigid steel 9/15/2012 Subsea 7 Seven BorealisMEG LINE Installing 3 65 Infield Flowline Rigid steel 7/1/2012 EMAS AMC AMC ConnectorCORROSION RESISTANT PIPE TO SHORE Installing 30 65 Export Pipeline Gas Rigid steel 3/1/2012 ALLSEAS SOLITAIREINFIELD BETWEEN MANIFOLDS Installing 8 6 Infield Flowline Rigid steel 1/1/2012 ALLSEAS SOLITAIRELouisiana Deepwater Link 2 Flowing 18 5 Export Pipeline Gas Rigid steel 3/1/2006 ALLSEAS SOLITAIRELouisiana Deepwater Link 1 Flowing 18 5 Export Pipeline Gas Rigid steel 3/1/2006 ALLSEAS SOLITAIREIndependence Trail Gas Export Line Flowing 24 225 Export Pipeline Gas Rigid steel 4/15/2006 ALLSEAS SOLITAIREInfield Flowlines Discovery 12 60 Infield Flowline Rigid steel 1/1/2019Oil Export Discovery 20 65 Export Pipeline Oil Rigid steel 8/1/2018Infield Flowlines Bidding 6 25 Infield Flowline Rigid steel 4/1/2015Gas Export (NSGI) Bidding 34 480 Export Pipeline Gas Rigid steel 5/1/2014Multiphase Production Line (LAST 20) Flowing 30 20 Infield Flowline Rigid steel 7/31/2006 SAIPEM S7000Multiphase Production Line Flowing 30 120 Infield Flowline Gas Rigid steel 5/30/2006 SAIPEM S700030" Export Flowing 30 33 Infield Flowline Gas Rigid steel 6/15/2005 ALLSEAS SOLITAIREMULTIPHASE PRODUCTION LINE (FIRST 100) Flowing 30 100 Infield Flowline Gas Rigid steel 7/31/2006 Acergy LB 200Glycol Template Tie-In Flowing 6 3 Infield Flowline Rigid steel 8/1/2006 Acergy Acergy FalconGlycol Template Tie-In Flowing 6 3 Infield Flowline Rigid steel 8/1/2006 Acergy Acergy FalconGlycol Line Flowing 6 125 Infield Flowline Rigid steel 4/15/2006 Acergy Acergy FalconGlycol Line Flowing 6 125 Infield Flowline Rigid steel 6/1/2006 Acergy Acergy FalconBRITPIPE GAS EXPORT Flowing 42 230 Export Pipeline Gas Rigid steel 8/2/2006 ALLSEAS SOLITAIREFLOWLINE FROM MANIFOLD TO FPSO FEED 8 3 Infield Flowline Flexible 9/1/2016FLOWLINE FROM MANIFOLD TO FPSO FEED 8 3 Infield Flowline Flexible 9/1/2016FLOWLINE FROM MANIFOLD TO FPSO FEED 8 3 Infield Flowline Flexible 9/1/2016WATER INJ FLOWLINE FROM FPSO FEED 8 3 Infield Flowline Flexible 9/1/2016WATER INJ FLOWLINE FROM FPSO FEED 8 3 Infield Flowline Flexible 9/1/2016WATER INJ FLOWLINE FROM FPSO FEED 8 3 Infield Flowline Flexible 9/1/2016GAS INJECTION LINE FEED 8 3 Infield Flowline Flexible 9/1/2016

Excel Tables Do Not Contain All Available Data Fields

Page 9: Quest OffshOre PrOduct catalOg - MCEDDmcedd.com/wp-content/uploads/EmailProductCatalog2013.pdfAbout Quest Offshore Resources Quest Offshore is a boutique strategic advisory and consulting

Quest Marine Construction Vessels (QMCV/QCVS)

STRATEGIC VALUE

• Provides global insight into supply and demand dynamics of major marine construction assets

• Illustrates vessel-by-vessel schedule for over 125 assets of booked and bidding construction work

• Details strategic installation and construction capabilities of a wide range of marine assets

QMCV / QCVS Deliverables

u Quest Construction Vessel Schedule in MS Project and PDF (QCVS)

u Quest Construction Vessel Schedule PLUS (MS Excel)

u Quarterly Market Overview of key trends and forecasts (MS PowerPoint)

u Quarterly deliverable of the Quest Vessel Function Database (MS Excel)

QMCV / QCVS Outline

Construction Vessel Schedule (MS-Project or PDF format)

• Details over 125 vessels’ current commitments and schedule and includes detailed information on project, timing and scope of work

• Shows potential installation opportunities Construction Vessel Schedule PLUS (MS Excel)

• Combines data from Quest Construction Vessel Schedule with high level fields from the Quest Enhanced Deepwater Database

• Allows analysis to be performed around installation trends at the vessel, owner, and capability level due to the user friendliness of MS Excel

Market Report Overviews• Global Marine Construction Supply and

Demand Balance• Marine Contractor Market Share• Global Marine Construction Booked Demand –

Installation Days• Historical Utilization by vessel category

Quest Vessel Function Database (QVFDB)• Includes high level vessel specifications for each

vessel tracked in the Quest Construction Vessel Schedule and more (details over 200 vessels)

Global  Marine  Construc1on  Total  Demand  Worldwide  Pipeline  (Days)  

0

500

1000

1500

2000

2500

3000

3500

4000

4500

Days

Installation  Year

Africa/Medit.   Asia  Pacific   -­‐ Other     Australaisia Middle  East  and   India   N.  America N.  Sea   S.  America  

Global  Marine  Construc1on  Supply  Demand  Balance  Worldwide  0-­‐14  Inch  OD  Rigid,  Flexible  and  SPU  (Days)  

0

500

1,000

1,500

2,000

2,500

3,000

3,500

Days

Installation  Year

Booked  Demand Forecast  Demand Supply  DaysRegional  Marine  Construc1on  Booked  Demand  Africa  Medit.  (Days)  

0

200

400

600

800

1000

1200

Days

Installation  Year

0-­‐14/Flex/SPU 15-­‐24 25+ Total  Demand

Booked  Days  by  Contractor  –  Deepwater  Pipelay  Worldwide  2010-­‐2013  

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2010 2011 2012 2013

%  M

arke

t  Sh

are  

(Day

s)

Installation  Year

Allseas Grup  Servicii  Petroliere  SA  (GSP) Helix Saipem Subsea  7 Technip

ID Task Name Duration Start Finish

1 DEEPWATER PIPELAY 1 day? Tue 1/1/02 Wed 1/2/02

2 Grup Servicii Petroliere SA (GSP) 285 days? Fri 6/1/12 Wed 3/13/13

3 GSP FALCON 285 days? Fri 6/1/12 Wed 3/13/13

4 Mobilize to North Sea 20 days Fri 6/1/12 Thu 6/21/12

5 NSEA - Wintershall - Q4-C Platform 40.5 days Sat 9/1/12 Thu 10/11/12

6 Perenco - Leman Southwest 20 days Mon 10/15/12 Sun 11/4/12

7 IDLE/Standby - Great Yarmouth, UK 1 day? Tue 12/18/12 Wed 12/19/12

8 E.ON E&P - Hunter 12 days Fri 3/1/13 Wed 3/13/13

9 Subsea 7 1385 days? Sun 7/22/12 Sat 5/7/16

10 SEVEN POLARIS 1385 days? Sun 7/22/12 Sat 5/7/16

11 Petrobras - SAPINHOA (FRMLY GUARA) 170.5 days Sun 7/22/12 Tue 1/8/13

12 Dry Dock for Maintence 60 days Sat 9/1/12 Wed 10/31/12

13 Petrobras - Papa-Terra 90 days Mon 10/1/12 Sun 12/30/12

14 IDLE/Stanby - Cape Town, South Africa 1 day? Tue 12/18/12 Wed 12/19/12

15 SAME - Petrobras - Unit Oil Transfer and Export (UOTE) 23 days Tue 1/15/13 Thu 2/7/13

16 Bidding - Total - Dalia Phs. 3 25 days Mon 4/1/13 Fri 4/26/13

17 AFM - Total - Ofon 2 - 1st Campaign (Pipelay) 90 days Mon 7/1/13 Sun 9/29/13

18 AFM - Total - Ofon 2 - 2nd Campaign (Pipelay) 90 days Tue 10/1/13 Mon 12/30/13

19 Bidding - BP - Shah Deniz Phs. 2 85 days Tue 4/1/14 Wed 6/25/14

20 Bidding - Addax - Ofrima 50 days Sun 6/1/14 Mon 7/21/14

21 Bidding - ExxonMobil - Erha North Phase 2 35 days Mon 9/1/14 Mon 10/6/14

22 Bidding - BP - Block 31 SE Phase 2 95 days Sat 11/1/14 Wed 2/4/15

23 Bidding - Tullow Oil Ghana Tweneboa 90 days Sat 11/1/14 Fri 1/30/15

24 Targeted - Chevron - Nsiko 55 days Fri 1/1/16 Thu 2/25/16

25 Targeted - Chevron - Lucapa 65 days Thu 3/3/16 Sat 5/7/16

Mobilize to North Sea

NSEA - Wintershall - Q4-C Platform - Reroute the production from ex

NSEA - Perenco - Leman Southwest - EPI & pre-commissioning - of

IDLE/Standby - Great Yarmouth, UK Destination: Leman Field...

NSEA - E.ON E&P - Hunter - install of 8" 8km FL between Hunte

SAME - Petrobras - $1 BN SURF SAPINHOA (FRMLY GUARA) ; EP

Dry Dock for Maintence

SAME - Petrobras - Papa-Terra - Install of 10km 28" export + 50km

IDLE/Stanby - Cape Town, South Africa - Destination: Cape Town

SAME - Petrobras - Unit Oil Transfer and Export (UOTE) - SURF

AFM - Bidding - Total - Dalia Phs. 3; install of 15Km of 6"AFM - Bidding - Total - Dalia Phs. 3; install of 15Km of 6"

AFM - Total - Ofon 2 - 1st Campaign - $500 EPCI: 12" 70

AFM - Total - Ofon 2 - 2nd Campaign - $500 EPCI: 12

AFM - Bidding - BP - Shah Deniz Phs. 2; instaAFM - Bidding - BP - Shah Deniz Phs. 2; insta

AFM - Bidding - Addax - Ofrima; install of 40KAFM - Bidding - Addax - Ofrima; install of 40K

AFM - Bidding - ExxonMobil - Erha North PAFM - Bidding - ExxonMobil - Erha North P

AFM - Bidding - BP - Block 31 SE PhaAFM - Bidding - BP - Block 31 SE Pha

AFM - Bidding - Tullow Oil Ghana TweAFM - Bidding - Tullow Oil Ghana Twe

AFM - Targeted - Chevro

AFM - Targeted - Che

H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H22012 2013 2014 2015 2016 2017 2Quest ConstruCtion Vessel sChedule exCerpt

Excel Tables Do Not Contain All Available Data Fields

QUEST VESSEL FUNCTION DATABASE EXCERPT

Contractor Vessel Name Vessel Category Length (m)Min Pipe Dia (in)

Mx Pipe Dia (in)

Tension Capacity (tonnes)

CRANE CAP (tonnes)

No Cranes

AHCA&R

(tonnes)No

ROVsBuild Year

Allseas Solitaire DW PL 300.0 2 60 1050 850 3 1 1997Helix Caesar DW PL 146.5 2 42 405 300 5 450 2007Saipem Castorone DW PL 330.0 60 750 600 5 Yes 900 2 2012Technip Deep Blue DW PL 206.5 4 28 770 400 3 Yes 150 2 2001Technip Global 1200 DW PL 162.3 4 60 640 1200 2 400 2011Heerema DCV Thialf Heavy-Lift DCV 165.3 0 14200 1985Subsea 7 Sapura 3000 Heavy-Lift DCV 151.2 4 60 400 3000 3 360 2 2007

Helix Q4000 Intervention 95.2725.74 (Riser

Tension)360 2 1 2002

Saipem Castoro 7 Pipelay Trunkline 179.5 8 60 340 64.8 4 340 1975CEONA Giant 3 Reel Lay 184.0 550 400 Yes 2012McDermott North Ocean 108 Reel Lay 130.2 4 16 362.8 362.8 Yes 2012Subsea 7 Acergy Condor Reel Lay 145.0 230 70 2 250 2 1982Subsea 7 Kommandor 3000 Reel Lay 118.4 150 200 2 200 2 1984Aker Solutions Aker Wayfarer SS Const 1 156.9 400 2 Yes 2 2009Subsea 7 Skandi Neptune SS Const 2 104.2 16 100 250 3 Yes 2 2001

QUEST CVS PLUS EXCERPT

Vessel CategoryVessel

ContractorVessel Name Task Name Duration Start Finish Province Operator Status

Deepwater Pipelay Allseas SOLITAIRE Chevron - Gorgon/Janz - 1st Campaign 55 days 1/1/2012 2/25/2012 Australia Chevron BookedDeepwater Pipelay Allseas SOLITAIRE NSEA - Total - Laggan-Tormore 53 days 4/15/2012 6/7/2012 West of Shetlands Total BookedDeepwater Pipelay Allseas SOLITAIRE South Africa Campaign - Shallow water 30 days 10/1/2012 10/31/2012 South Africa BookedDeepwater Pipelay Allseas SOLITAIRE Chevron - Gorgon/Janz - 2nd Campaign 64 days 4/1/2013 6/4/2013 Australia Chevron BookedDeepwater Pipelay Allseas SOLITAIRE Bidding - NAME Williams - Tubular Bells Hub - Transmission Exports oil & gas gathering "Gulf Star Regional FPS Hub"100 days 4/15/2013 7/24/2013 GOM-US Hess BiddingDeepwater Pipelay Allseas SOLITAIRE Bidding - Chevron - Rosebank / Lochnagar 75 days 7/24/2013 10/7/2013 West of Shetlands Chevron BiddingDeepwater Pipelay Allseas SOLITAIRE NSEA - Total - Laggan-Tormore 53 days 9/1/2013 10/24/2013 West of Shetlands Total BookedDeepwater Pipelay Allseas SOLITAIRE Shell - MARS South Mini-Hub Olympia Option 29 days 10/1/2013 10/30/2013 GOM-US Royal Dutch/Shell BookedDeepwater Pipelay Allseas SOLITAIRE Bidding - NAME Williams - Tubular Bells Hub - Transmission Exports oil & gas gathering "Gulf Star Regional FPS Hub"100 days 10/8/2013 1/15/2014 GOM-US Hess BiddingDeepwater Pipelay Allseas SOLITAIRE Enterprise - Anadarko/ExxonMobil - GoM Lucius Hub82 days 11/1/2013 1/22/2014 GOM-US Anadarko Petroleum BookedREEL LAY Subsea 7 SEVEN SEAS Chevron - Gorgon/Janz 161 days 12/15/2012 5/25/2013 Australia Chevron BookedREEL LAY Subsea 7 SEVEN SEAS Statoil - Svalin C Field 30 days 5/1/2013 5/31/2013 N Sea, Norway Statoil BookedREEL LAY Subsea 7 SEVEN SEAS NSEA - Total - Laggan Tormore - Phase 2 48 days 8/1/2013 9/18/2013 West of Shetlands Total BookedREEL LAY Subsea 7 SEVEN SEAS Bidding - ENI WAFM Angola Western Hub (SBM FPSO Xikomba)58 days 12/16/2013 2/12/2014 Angola Eni BiddingREEL LAY Subsea 7 SEVEN SEAS Bidding - Husky - Liuhua 29-1 100 days 10/1/2014 1/9/2015 China Husky Oil Bidding

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Quest Floating Production Database (QFPD)

STRATEGIC VALUE

• Leading indicator of significant global deepwater development activity and investment

• Analyzes the global market for floating production demand in terms of volume and value (US$MM)

• Breaks demand into specific FPS type (FPSO, SPARS, TLP, FLNG, Semi-Submersibles)

• Breaks demand into region• Provides key historic market share

analysis by shipyards and FPS owner

QFPD Deliverables

u Market Overview in MS PowerPoint of key trends and forecasts

u Full working files in MS Excel supporting Market Overview

u Full downloads of historic and forecast floating production database

QFPD Outline

Executive Overview • Changes from Previous Forecast• Award vs. Startup Trends by Hemisphere

Floating Production System Forecast • Base, Mean and High Case Forecasts by

Award and Startup Year• By Hemisphere• By Type• In Volume of Units and Value (US$)• Top Operators

Floating Production System Historical Review• Market Share Analysis• By Type• Hull Fabrication• Topside Fabrication• In Volume of Units and Metric Tons

Floating Production System Analysis• Availability of Leased FPSO’s and FSO’s• FPSO Leasing Market Share• FPSO Newbuild vs. Conversion Analysis

Worldwide  Forecast  FPS  Spending  by  Year  (Mean  Case)  Regional  Contribu/on  Thousands  of  US  Dollars  by  FPS  Award  Year  

$0

$5,000,000

$10,000,000

$15,000,000

$20,000,000

$25,000,000

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Thou

sand

s of

US

Dol

lars

Hull Award Year

Africa/Medit. Asia Pacific/Middle East North America North Sea/Arctic South America

Worldwide  FPS  Awards  2004  (A)  –  2016  (e)  Mean  Case  By  FPS  Type  

0

5

10

15

20

25

30

35

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Num

ber o

f FPS

Uni

ts

Hull Award Year

TLP FLNG Spar FPS-Semi FPSO

Worldwide  Forecast  FPS  ConstrucCon  by  Startup  Year  2012-­‐2016e  

0

20

40

60

80

100

120

2012e 2013e 2014e 2015e 2016e 2007-2011 Total 12-16e

Nu

mb

er o

f U

nit

s

Startup Year

Units Under Construction Forecast Demand FPS Units Flowing

Forecasted  Off  Contract  FPS  Leased  Fleet  Availability  by  Type  and  Year  Current-­‐2020  (Likely  to  be  re/red  and  EWT  excluded)  

0

1

2

3

4

5

6

7

8

9

10

Available 2013 2014 2015 2016 2017 2018 2019 2020

Num

ber  o

f  Units

Year

PROJECT-LEVEL DATA

Operator Hemisphere Province Project NameWater Depth

MtrStartup

YearINPEX Asia Pacific/Middle East Indonesia ABADI GAS FIELD FLNG PHASE 1 (MASELA BLOCK) 500 2017Ithaca Energy North Sea/Arctic N Sea, UK ATHENA/ATHENA EAST 14/18b (BW ATHENA FPSO) 136 2012bp North America GOM-US ATLANTIS/ATLANTIS SOUTH 2156 2007Woodside Petroleum Asia Pacific/Middle East Australia BROWSE PROJECT PHASE 1 LNG 400 2017Woodside Petroleum Asia Pacific/Middle East Australia BROWSE PROJECT PHASE 1 LNG 400 2017Cobalt International Energy Africa/Medit. Angola CAMEIA BLOCK 21 PRE-SALT 1525 2016Eni North Sea/Arctic Barents Sea GOLIAT 7122/7 341 2014bp North America GOM-US Kaskida KC292 1786 2018Eni Africa/Medit. Angola Western Hub (Sangos, Ngoma,Nzanza,Cinguvu) 600 2014

FPS-LEVEL DATA

FPS Type Hull Status FPS OwnerProd Cap Oil

(BOPD)Prod Cap Gas

(MMCPFD)Prod Cap Water

(BWPD)Storage Capacity

(Bbls)Surface Well

CountMooring Type

FLNG FEED TurretFPSO Flowing BW Offshore 40000 50000 Turret-SubmergedFPS-Semi Flowing 200000 180 Spread/Wire ChainwTLP Bidding 10 Spread/Wire ChainwTLP Bidding 10 Spread/Wire ChainFPSO FEEDFPSO ROUNDSHIP Pending/Construction 100000 950000 Spread/Wire ChainSpar Conceptual 6 Spread/Poly ChainFPSO Re-Deployed SBM 90000 95 150000 1700000 Turret-ExternalCONSTRUCTION-LEVEL DATA

EPC ContractorHull Award

DateHull Designer Hull Fabricator

Hull Fabricator Shipyard

Topsides Designer Topsides FabricatorTopsides Fabricator

Shipyard1/1/2014

BW Offshore 11/18/2005 Langstein Shipyard Langstein ShipyardDaewoo Shipbuilding 6/15/2002 HALIBURTON GVA Daewoo Shipbuilding J Ray McDermott J Ray McDermott Morgan City, LA

3/1/20133/1/20139/1/20133/1/2010 Sevan Marine Hyundai(HHI) Sevan Marine Hyundai(HHI)1/1/20156/1/2011 SBM Drydock World Dubai Dubai, UAE Drydock World Dubai

Excel Tables Do Not Contain All Available Data Fields

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Quest Deepwater Shipyard Outlook (QDSO)

STRATEGIC VALUE

• Illustrates supply and demand profiles of major shipyards serving the offshore oil & gas market

• Analyzes historic and forecast construction of FPS systems, drilling rigs, fixed platforms, marine construction assets and onshore modules

• Identifies potential future capacity constraints within major shipyards and sectors

• Outlines construction schedule within each major shipyard

QDSO Deliverables

u Quarterly delivery of Master Shipyard Backlog file (MS Excel)

u Semi-annual delivery of Market Overview of key trends and forecasts (MS PowerPoint)

QDSO Outline

Companies Included:• Samsung Heavy Industries (SHI),

Daewoo Shipbuilding & Marine Engineering (DSME), Hyundai Heavy Industries (HHI), Sembcorp, Keppel Offshore & Marine, Kiewit, Gulf Island Fabrication, McDermott, Lamprell, MMHE/MHB, Aker, Technip, as well as Chinese and Brasilian yards

Shipyard Tonnage by Awarded Projects• Project by project timing and build

analysis broken up by individual shipyards and combined into a forecast of tonnage throughput and capacity utilization

Shipyard Tonnage Forecast • Quest forecasts future demand outside of

awarded projects by taking into account shipyard histories, known projects, location, timing, and other market driving factors

Shipyard Financial & Macro Overview• Analysis focused on changing margins,

backlogs, and new orders• Illustrations of macro shipyard drivers

such as; container ship indexes, steel price indexes, and oil prices

Market Share Analysis by Shipyard• Total tonnage analysis• Project scope and type analysis

Awarded  Global  Tonnage  by  Type  2001  -­‐  2017  

Awarded  Projects  by  Construc8on  Start  Year  for  Tier  1  Yards  2000  -­‐  2015  

Awarded  Global  Tonnage  by  Shipyard  2001  -­‐  2017  

Awarded  Projects  by  Construc8on  Start  Year  and  Yard  2000  -­‐  2017  

CONSTRUCTION-LEVEL DETAILSStart

QuarterStart Year

Delivery Quarter

Delivery Year

Yard QTRs

Book Quarter

Book Year

Total QTRs Design Notes

1 2007 4 2009 12 Aker Integration at Aker Stord1 2007 1 2009 9 Modec Owned 1.6M Storage3 2007 1 2009 7 Modec Owned 100kboe/d 124mmsc/d Capacity - 21 Modules3 2004 2 2006 8 1 2004 10 F&G JU2000E 9/2/04 Steel - 6/6/06 Delivery3 2004 2 2006 8 1 2004 10 F&G JU2000E 9/2/04 Steel - 6/6/06 Delivery4 2005 4 2007 9 2 2005 11 10/9/05 Steel Cut- 10/2/07 Delivery.2.15M Storage4 2005 4 2007 9 2 2005 11 Alliance Engineering 10/9/05 Steel Cut- 10/2/07 Delivery. 250mboe/d & 450mmscf/d Capacity3 2011 4 2012 6 4 2010 9 Floatec ABB Lummus eTLP - Steel cut 7/25/2011. Keel Laying 3/21/2012. Hull Cost only. 2 2013 1 2014 4 3 2012 7 1.9BN for 2WHP + LQ + CPF2 2013 1 2014 4 3 2012 7 1.9BN for 2WHP + LQ + CPF4 2006 1 2009 10 SBM Owned - 1.5M Storage

CONSTRUCTION-LEVEL DETAILSStart

QuarterStart Year

Delivery Quarter

Delivery Year

Yard QTRs

Book Quarter

Book Year

Total QTRs Design Notes

1 2007 4 2009 12 Aker Integration at Aker Stord1 2007 1 2009 9 Modec Owned 1.6M Storage3 2007 1 2009 7 Modec Owned 100kboe/d 124mmsc/d Capacity - 21 Modules3 2004 2 2006 8 1 2004 10 F&G JU2000E 9/2/04 Steel - 6/6/06 Delivery3 2004 2 2006 8 1 2004 10 F&G JU2000E 9/2/04 Steel - 6/6/06 Delivery4 2005 4 2007 9 2 2005 11 10/9/05 Steel Cut- 10/2/07 Delivery.2.15M Storage4 2005 4 2007 9 2 2005 11 Alliance Engineering 10/9/05 Steel Cut- 10/2/07 Delivery. 250mboe/d & 450mmscf/d Capacity3 2011 4 2012 6 4 2010 9 Floatec ABB Lummus eTLP - Steel cut 7/25/2011. Keel Laying 3/21/2012. Hull Cost only. 2 2013 1 2014 4 3 2012 7 1.9BN for 2WHP + LQ + CPF2 2013 1 2014 4 3 2012 7 1.9BN for 2WHP + LQ + CPF4 2006 1 2009 10 SBM Owned - 1.5M Storage

Excel Tables Do Not Contain All Available Data Fields

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strategic insight

Quest Offshore is a leading provider of industry analysis, tactical data, news, influential market intelligence reports, consulting and technical conferences to the offshore oil and gas industry. Our niche canvasses subsea technology, FPS

fabrication, umbilicals, riser & flowlines, and marine construction segments globally.

Quest OffshOre resOurces is yOur sOurce fOr strategic insight On the glObal deepwater Oil and gas industry.

www.QuestDF.com

North America InquiriesJosh DouglasQuest Offshore Resources Inc.1600 Hwy 6, Suite 300Sugar Land, TX 77478Main: (281) 491-5900Fax: (281) [email protected]

All Other InquiriesNick Search

Quest Offshore Resources Inc.57 Rose Bushes

Epsom Downs, SurreyKT17 3NT, United KingdomMain: +44 (0) 1737 371704

Fax: (281) [email protected]

Brazil InquiriesRomero Brito

QBr EmpreendimentosCaixa Postal 105004

CEP: 24.230-970 Niteroi RJBrazil

Main: +55 21 3619 [email protected]