JANICE DECOMMISSIONING. St Andrews, 16 November 2016

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1 JANICE DECOMMISSIONING St Andrews, 16 November 2016

2 Background

3 Janice History Title of presentation page 3 Central North Sea 175 miles SE of Aberdeen Field discovered in 1990 First production in Feb 1999 Over 70 million barrels production over its lifetime Asset reached its economic end of field life in 2015

4 Title of presentation page 4

5 Decommissioning Strategy

6 Oil, Gas and Affleck Pipelines to be remain in situ with rock dump at ends. Title of presentation page 6 Commencement of approx 400 days P&A campaign : Janice 13 Wells James 2 Wells Affleck 2 Wells (TBC) Full removal of Janice FPU, risers, flowlines, umbilicals, control jumpers and spool pieces. Complete removal of James pipeline and umbilical.

7 Project Phasing & Status page 7 Q2/Q Q3/Q Q Q Phase 1 Phase 2 Phase 3 Phase 4 Pipeline cleaning FPU Clean down FPU Departure Clearance of seabed for arrival of Rig Well P&A Seabed Clearance in compliance with decommissioning programme

8 Activities to Date

9 Project Key Dates Title of presentation page 9 17 th Aug 2015 Maersk announce intention COP the Janice FPU Project team initiated 10 th March 2016 COP of Janice FPU approved by the OGA 20 th May 2016 FPU Shutdown 15 th July 2016 Plant Hydrocarbon Free 11 th Sept 2016 FPU commenced sailaway to disposal site 24 th Oct 2016 Decommissioning programme approved by BEIS

10 Fast track programme Title of presentation page 10 Early, open and honest engagement with the regulator and stakeholders helped deliver this project. An integrated project team made up of Operator and Contractor personnel set up at both Company and Contractor sites. All contractors aligned and engaged with the project goals and company way of working.

11 Contracting Strategy Title of presentation page 11 As an E&P Operator Maersk Oil s primary focus is not decommissioning Maersk Oil relied on its strength as a Project Integrator to optimise the supply chain in support of the delivery of the decommissioning programme and Project Activities. Existing frame agreements used as far as possible Financial stability of suppliers a focus area

12 Key Success Factor 1 People, People, People Title of presentation page 12 Engagement with operations crew: Your offshore crew are your #1 stakeholder Humbleness Recognise the operations team face uncertainty If you think you ve done enough communication, you re probably wrong.

13 Title of presentation page 13

14 Key Success Factor 2 Supply Chain Collaboration Phase 1 DFPV & Sail Away Phase 2 Subsea Clearance Title of presentation page 14 Phase 3 Well P&A

15 Key Success Factor 2 Operator Collaboration Title of presentation page 15 MER UK Awards

16 Success Factor 3 Humbleness & Expecting the unexpected Title of presentation page 16 Known Knowns Data within your knowledge repository, but does it tell you the whole story? Known Unknowns Be 100% honest with yourself, your team and supplier. What skill / knowledge gaps do you have? Unknown Knowns Offshore operations team and supply chain have a wealth of experience you don t know. How will you access this information? Unknown Unknown There will be surprises, but the right team will react to these surprises proactively and diligently.

17 Title of presentation page 17 Coming together is a beginning. Keeping together is progress. Working together is success. Henry Ford

18 Thank you for listening page 18

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