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1 Click to edit Master title style Subsea technologies for MER UK SUT, IMCA and the Hydrographic Society in Scotland Carlo Procaccini Head of Technology 1 November 2018 Click 2018 to edit Master subtitle style This presentation is for illustrative purposes only. The makes no representations or warranties, express or implied, regarding the quality, completeness or accuracy of the information contained herein. All and any such responsibility and liability is expressly disclaimed. The does not provide endorsements or investment recommendations. Oil and Gas Authority is a limited company registered in England and Wales with registered number and VAT registered number Our registered office is at 21 Bloomsbury Street, London, United Kingdom, WC1B 3HF

2 UKCS context Infrastructure Production (boepd) Production efficiency 10, wells fixed installations 250+ subsea systems 389 producing fields 3,000+ pipelines million million million million % % % % Source Source Resources Development Exploration success rates Produced 44.1bn Remaining potential 10bn 20bn 5.4bn boe in production or under development WOS SNS NNS CNS Technical Success Rate % Technical findingcost $/boe Source. Produced data as at end 2017, remaining potential as at end Source as at end2017. Source Costs Supply chain Jobs Unit Operating Cost down by 1/3 27bn turnover > 280,000 jobs in the UK Average fallen from 19 per boe in 2014 to 12/boe in 2017 Unit Development Cost down c.40% through exports and supporting c.80% of UK oil and gas jobs Delivered through or supported by upstream oil and gas activity Oil & Gas UK and EY Oil & Gas UK 2017 data Performance turned around

3 Project activity WOS Sanctioned FDP/FDPAs not yet in production Mariner West Brae Contingent resources (7.4Bnboe, 2C) Future projects, 2.1 bnboe Infield, 2.1 bnboe Marginal unplanned, 3.2bnboe Clair Ridge Clair Seg 1 Lancaster EPS Alligin NNS CNS Utgard Orlando Montrose Culzean Ballindalloch Garten Penguins Fram Buzzard Phase 2 WOS NNS The does not provide endorsements or investment recommendations. Those projects listed above are not necessarily a definitive list and the locations are indicative. Sanctioned pre-2017 Sanctioned 2017 Sanctioned 2018 SNS/ IS Shearwater Chestnut Gannet E Arran Finlaggan Britannia Vorlich SNS/ IS CNS 1700 Vital considerations YTD 2018 Total Forecast Sustain and increase efficiencies Number FDPs & FDPAs Clipper South CAPEX ( BN) Tolmount Reserves (MMBOE) NPV10 ( BN) c.4.5 Resolve misalignments (licensing, infrastructure) Engage supply chain new commercial models Deploy enabling technologies Improved project outlook with 7.4Bnboe of further contingent resources

4 Technology Existing assets New developments Asset monitoring & data analytics Tie back of the future System simplification Plug-n-play Standalone facilities Low Capex Low Opex expectations Operators submit Technology Plans Well-identified asset needs Demonstrate use of appropriate technologies Re-usable Re-deployable Technology Insights Industry learnings Inspection drones Work with the Industry Non intrusive Inspections Mechanical connectors Composite spoolable Low cost, reusable platforms Technology gaps (top 20) Agreed with MER UK TFs Wearable & Wireless Subsea Chemical injection Subsea power generation Unmanned buoys Versatile production units Collaboration with OGTC Joint plans and initiative to close technology gaps 180m Government funding Deploy best-in-class technologies for projects and operation

5 Data National Data Repository A first for the UK Launch Q led, backed by industry New regulations for reporting, retention and disclosure 53M 700% 55k+ Spatial server requests growth in server requests since established users Open data model to fully exploit value Collaboration Technology AI & machine learning Improved knowledge Data cleansed Frontier basins research with academia View it Map it Chart it Download it Share it Rapidly growing use of data and significant future plans

6 Subsea technologies for UKCS Metering and flow assurance 1 2 Cost efficient tie-backs More capable subsea systems 3 4 Inspection & maintenance Energy integration & transition 5 6 Surveys Transformative subsea technologies, with significant digital content

7 Recoverable volume (mmboe) Recoverable volume (mmboe) Metering and flow assurance UKCS 350 marginal discoveries 3.2bnboe opportunity Multi-phase (subsea) flow meters Small discoveries potentially to form clusters MPFM for continuous and accurate well flow rate Critical for multi-field cluster developments Non-intrusive options 1 Individual discoveries 350 Technology investment UKCS marginal discoveries Fluids Light sweet oil Gas, Gas- Cond Complex fluids 26% of all marginal volumes Heavy oil CO2, N2 H2S New TUV NEL centre in East Kilbride Heavy oil: 3-in-1 flowmeter with flowrate, density and viscosity Data analytics for improved accuracy and self calibration Data analytics for large data volumes Subsea metering to enable future developments more and accurate real-time data

8 Recoverable volume (mmboe) Cost efficient tie-backs Potential tie-back distances (marginal fields) Tie-back of the future >60 Shortest distance of potential tie-back (km) Discoveries and infrastructure (eg. Scott-Piper-Claymore area) Oil discovery Condensate discovery Airborne OneSubsea Low-cost pipelines (e.g. spoolable, using composites, mechanical connectors) Subsea storage of chemicals and hydraulics Aker Solutions All-electric subsea systems -- simpler trees and controls QL-Tech Fewer parts / greater reliability Reducing / eliminating umbilicals Subsea power generation Real-time monitoring from shore Moving towards autonomous systems EC-OG >70% of tie backs over medium to long distances tieback efficiency will be key

9 Number of fields (#) More capable subsea systems UKCS marginal field developments (350 discoveries) Advanced subsea systems % of marginal fields - Subsea Kongsberg Maritime Subsea storage Modular bladder tanks, extended capabilities 50 Equinor 0 Subsea development Platform development Potential ERD Subsea compression for remote field UKCS marginal field complexity 33% of marginal resources are in complex reservoirs Tight, Faults 7% HPHT 20% Thin, High water cut 6% NPNT, Good permeability 67% One Subsea Subsea HPHT to meet field requirements (P, T) and lower cost of development Combined with separation, processing, water handling Reduce topsides burden and allow access to export infrastructure Aker Solutions Challenge: manufacture/install systems at lower cost Exploit data for more flexibility, self-diagnostic, and selfhealing lower Opex Improving subsea capabilities for more flexible and cost-effective developments

10 Subsea inspection and maintenance UKCS extensive infrastructure Digitally-enabled asset management Digital certification ( from cradle to grave ) Enhanced planning with ROV simulations and 3D visualisation Digital collaboration to track real time operations worldwide Abyssal Non-intrusive inspections Oceaneering Subsea Digital Radiography mounted on ROV and/or AUV Monitoring of pipelines, risers, umbilicals using fibre-optic Real-time data, data analytics and predictive Self-diagnostic and self-healing systems (eg flow assurance) Omnisens Digital technologies can transform how we manage assets

11 Energy integration Southern North Sea energy industry footprint Potential integrated concepts Activity Schematic Potential Applications Platform Electrification SNS: power existing gas hubs from nearby windfarms WoS: use floating offshore wind to create ring main Gas-to-Wire SNS and EIS: convert latelife infrastructure into offshore power generation Power-to-Gas (H 2 ) SNS and EIS: use redundant infrastructure CO2 transport and storage SNS and EIS: use redundant infrastructure North Sea Wind Power Hub Integrate UK offshore power and gas (including hydrogen) activities, TNO Value creation for the UK offshore industries

12 Surveys Mature areas infrastructure density Geophysical and other surveys Ocean bottom nodes Full-azimuth high resolution (eg. sub-basalt, sub-salt) Near infrastructure placement 4D seismic for improved recovery Frontier areas difficult targets (eg. sub-basalt) More autonomous and affordable nodes, using robotics and digital Sonardyne Autonomous Robotics Ltd Sea-bed seismic sources (more environmentally friendly) Woodburn et al Blue Ocean More affordable and effective surveys greater volumes of data Multi-discipline surveys using autonomous vehicles Oil & gas Engineering Environmental

13 THANK YOU Subsea innovation and digital technologies critical for MER UK