Triton is a subsidiary of Noble Corporation

BUSINESS VISIONBUSINESS VISION

COOPERATIONCOOPERATION

TRANSFERTRANSFER

PROFITPROFIT

ESTABLISH

REACH

ACHIEVE

HIGHER HIGHER RETURN ON RETURN ON

““INVESTMENTINVESTMENT””

WORKING ENVIRONMENT WORKING ENVIRONMENT FOR UNDERSTANDING FOR UNDERSTANDING AND COMMON GOALSAND COMMON GOALS

KNOWLEDGE KNOWLEDGE AND AND

EXPERIENCESEXPERIENCES

WEWE

The Reduction of Lost Time andThe Reduction of Lost Time and Non Productive TimeNon Productive Time

To Implement a Cost Effective Drilling

and Completion Operation

The Reduction of Production CostThe Reduction of Production Cost

Implementation of an Educational ProcessImplementation of an Educational Process

OBJECTIVEOBJECTIVE

GOALGOAL

• Provide a full range of services to the oil and gas industry for their exploratory and development program

– from responsive help to existing resources – to full comprehensive project management

• Preparation and execution of comprehensive: Well design and well construction programs

Workover programs

Well abandonment programs

• Preparation of budgets, detailed costs• Field Supervision of logistics and well operations• Review of drilling data and drilling optimization

studies• End of well reporting and reconciliation

PROJECT MANAGEMENT PROJECT MANAGEMENT SERVICESSERVICES

PROJECT MANAGEMENTPROJECT MANAGEMENTSERVICESSERVICES

• Preparation of operating procedures• Pre-operational Audits:

• Drilling Unit - Service Providers - Vendors• Project - Proposal / Program - Operation

• Preparation and evaluation of tenders:• The provision of services• The procurement of equipment and material

EXPERIENCE

• Completed over 500 well construction projects in 40+ countries:

• High pressure and temperature wells:

• Exploration and development wells

• Directional wells with multiple targets

• 23,000'+ total depth wells

• Complex geological areas

• Salt, sub-salt and rafted shale wells

• Water depths in excess of 7,200’

• Developed client base of major E&P Operators, National Oil

Companies and Independent operators worldwide

COMPANY HIGHLIGHTSCOMPANY HIGHLIGHTS

U.S. GOM

Mexico

Venezuela

Brazil

Canada

EuropeUK,IRL,NLDK, NOR, DL, FR, SPItaly, Black Sea

WORLDWIDE RIG OPERATION ANDWORLDWIDE RIG OPERATION ANDDRILLING ENGINEERING EXPERIENCEDRILLING ENGINEERING EXPERIENCE

WC AfricaMarroco,SenegalGuinea, Ivory CoastGhana, NigeriaGabon,CongoAngola, Namibia

Argentina

Aruba

Peru

OffshoreOnshore

Land AfricaAlgeria, ChadNigeria, Tunisia

EC AfricaMozambique

Middle EastQatar,OmanYemen,Azerbaijan

Far EastChina, VietnamMalaysia, KoreaIndonesia, India

Australia &New Zealand

Wells Internationally 1 Well program - Lukoil; Caspian Sea 2 Well program - El Paso; Brazil 1 Well program - Devon; O/S Ghana 2 Well program - El Paso; O/S Brazil14 Well program - Pemex; O/S Mexico 1 Well program - Devon; O/S Gabon

4 Well program - Brass; O/S Nigeria 2 Well program - RWE; Dutch North Sea17 Well program - PDVSA; Venezuela 8 Well program - Trinmar; O/S Trinidad 8 Well program - Pedco; O/S Korea 2 Well Program - El Paso; O/S Australia 2 Well Program - EOG Resources; O/S Trinidad

PROJECT MANAGEMENTPROJECT MANAGEMENT

MULTIWELL PERFORMANCE OPTIMIZATION

PERFORMANCE DRIVENBA 2249BA 2157

BA 2148

BA 2150 BA 2167

Incentive Curve

BACHAQUERO FIELD PDVSA VENEZUELA

7.3 15.5 6.5 12.9 6.0 12.0 5.56 11.60

2

4

6

8

10

12

14

16

Efiat -5700' Cross River-5900' Abana-6150 Obio-6250'

Rotating Hours x10

Bid Days

BRASS PETROLEUM NIGERIA

Days vs. DepthGOM Sub Salt Well

0

2

4

6

8

10

12

14

16

18

20

0 10 20 30 40 50 60 70 80 90

DAYS

ME

AS

UR

ED

DE

PTH

, 100

0 FT

Ideal

Actual

AFE

WELL CONSTRUCTION WELL CONSTRUCTION SCEMATICSCEMATIC

EVALUATIONand

PLANNING

EXECUTE

CONTROL

ASSESSMENTand

BENCHMARKING

PROJECTMANAGEMENT

Define & align well and geological objectives• Conduct risk assessment

- Risk impact / Probabilities

- Identify, Quantify, Manage

- Mitigation measures / contingency plans

- Lessons Learned ~ inclusion in well plan• Benchmark development

- Rig performance ~ upgrades or improvements

- Operations ~ vendor selection criteria

- Engineering ~ well location specific

- Logistics

ENGINEERING AND PRE-PLANNING

DESIGN & PLANNINGCritical Path Plan Development

• Feasibility studies / life cycle

• Process Control, Risk vs. Success probabilities

• “Front End” engineering - rotating, flat spot times, non- productive time

• Regulatory Assistance ~ if applicable

• Knowledge management: - Average running speeds of casing - Average trip speeds open / cased hole - Average PU / LD time for BHA’s - ROP analyses for rotating / motors

• Marked-up offset well logs w/ hole problems, mud weights, casing depths, L.O.T. test data

DATA COLLECTION DATA COLLECTION KNOWLEDGE MANAGEMENT KNOWLEDGE MANAGEMENT

BENCHMARKINGBENCHMARKING

• Provide real time evaluation of performance

• Post well operations review

• End of well report ~ corporate memory

• Produce “best of the best” drilling benchmarks

• Updating of statistical benchmarks

• Capture of efficiencies & lessons learned

• Update planning process with lessons learned

COST MANAGEMENTCOST MANAGEMENT

• Accurate pre-planning AFE costs

• Accurate tracking of costs during project execution

• End of well review and reconciliation of projected costs / vs. actual costs

• Evaluation of drilling contractor, vendors and

service companies

• Evaluation of variances

• Retention of cost data for corporate memory

• Distribute results

COMPREHENSIVE PROJECTPLANNING AND MANAGEMENT

DRILLING PERFORMANCE DRILLING PERFORMANCE SYSTEMSSYSTEMS

Engineeringand

PlanningOperations

I.D.E.A.SI.D.E.A.S

NDSSNDSS

WITSWITS

OptiDrillOptiDrill

Noble Drill Smart System

Improve Drilling Efficiency Accountability System

Well Information Tracking System

EFFICIENCY DRIVEREFFICIENCY DRIVER

WELL # 1

WELL # 2

WELL # 3

NPV$

REVENUE$ PRODUCTIVITY

OPERATING PROBLEMS

DEVELOPMENT PHASEPAY BACK

EXPLORATION PHASEINVESTMENT

+

TOMORROWTOMORROW

COST$

++

TODAYTODAY

TIME-

TRUE EFFICIENCYTRUE EFFICIENCY

Well # 1

TIME

COST

$

VALUE $VALUE $Well # 2

Well # 3

Well # 4

0

12

34

5

67

8

910

Well # 1 Well # 2 Well # 3 Well # 4

AFE

Total Actual

Total Non Productive

CONFORMISTIC PLANNINGCONFORMISTIC PLANNINGMISMANAGEMENTMISMANAGEMENT

PERFORMANCE PLANNINGPERFORMANCE PLANNING EFFICIENT MANAGEMENTEFFICIENT MANAGEMENT

0

12

34

5

67

8

910

Well # 1 Well # 2 Well # 3 Well # 4

AFE

Total Actual

Total Non Productive

THE DIFFERENCETHE DIFFERENCE

• Proper Allocation of Funds• Increase number of wells drilled

• Increase Production

• Increase Profit and Return on Capital

Plan and Manage for Continuous ImprovementPlan and Manage for Continuous Improvement

• Well plan : Prognosis vs Actual

OPERATION EFFICIENCY OPERATION EFFICIENCY VALUATIONVALUATION

• Drilling Unit : Performance & Down Time

• Drilling practices: Methodology & Technology

• Drilling fluids: Formation Damage

• Logistics : Response Time & Bottle neck

• Third parties : System Performance & Down Time

• Cost : AFE vs Actual Cost

PRODUCTIVITY EFFICIENCY PRODUCTIVITY EFFICIENCY VALUATIONVALUATION

• Reservoir Management

• Completion Design

• Formation Damage

PROCESS

Management Information Technology

Knowledge Management

Data Management

PEOPLE

TECHNOLOGY

EFFICIENCY REQUISITEEFFICIENCY REQUISITE

RISK ASSESSMENT

Synthesize datato generate a subsurface

geologic model

Gather information of offset wells

Apply lessonslearned

Evaluate pore pressure for casing picksIntegrate geologic model

Learning Organization=

People+

Process+

Technology

• Professional independent project team

• Team not “tied” to any product or service company

• Objective evaluation and recommendations

• Critical path drilling program generation

• Integration of drilling efficiency systems

• Execution of program based on Cost effectiveness

• Proven track record

CONCLUSION