Extreme quality with the highest level of flexibility Paul Charles Redfern CEO, Norvalves

Extreme quality with the highest level of flexibility Paul Charles Redfern CEO, Norvalves

Fast-Track & Bespoke valves

HISTORY Long life time, short lead time Located at Ågotnes, Bergen 1,940 sqm of modern production facilities This location is highly attractive as Ågotnes is the subsea cluster of Norway with companies such as TechnipFMC and Aker Solutions within walking distance of our facility Norvalves (formerly Norske Ventiler) was established in 1987 and has been in operation more than 30 years Renown as a quality producer of high quality alloy valves with short lead times Present with both topside and subsea valves Ambition to further strengthen Norvalves position world-wide and maintain the position as a innovative valve manufacturer while continuing to serve existing customers with high quality products

NORVALVES Design and Manufacturing Topside Valves Subsea Valves Subsea Connectors Research and development Development of valves Bespoke valves Special requirements Service & Testing Service and Refurbishment Re-testing and FAT Third party valves Quality Management System ISO 9001:2008 Achilles PED 97/23/EC Module H

REFERENCES After 30 years our valves is in daily use all over the world. Through our partners we supply our valves and equipment to installations world wide Operators EPC & EPCI Traders & Stockist

PROJECTS 2016 Johan Sverdrup 2016 Catcher Area Development 2015 Kraken 2014 Aasta Hansteen 2014 Gullfaks Sør Delivery of 500 Titanium and Duplex valves for the Fire fighting system at Johan Sverdrup Bespoke double block ball valves with stab connectors. One of the biggest subsea heavy-oil field projects under development in the UK sector of the North Sea. Compact double block valves for subsea use with pressure balanced stab connectors. Major delivery of permanent subsea valves for PLR use.

TOP 5 PROJECTS 2016 Zohr Subsea Oseberg Vestflanken C Subsea Maria Subsea Johan Sverdrup Topside Catcher Area Development Subsea 2015 Kraken Subsea Koambo Subsea Ivar Aasen Topside Johan Sverdrup Topside Heidrun Topside 2014 Maria Subsea Oseberg Vestflanken C Subsea Egina Subsea Aasta Hansteen Subsea Oseberg A Topside Aasta Hansteen Bergading Brag Catcher Area Development Clair Ridge Cobra Castor Dolwin Project Draugen Draupner Egina Ekofisk Gina Krog Goliat Gorgan Grane Greater Stella Gudrun Gullfaks Heidrun Heimdal Ivar Aasen Jangkrik Johan Sverdrup Jordbaer Jotun Jubile Julia Kaombo Kirinskoye Kraken Kristin Kvitebjørn Maria Project Martin Linge Moho Nyhamna Ormen Lange Oseberg Petrojarl Varg Sakhalin Skarv Sleipner Snorre Statfjord Stones Troll Valhall Veslefrikk West Epsilon Zohr Åsgard

Valves and equipment for the oil & gas Subsea industry

VALVE RANGE Soft Seated Ball Temporary installations 1" 4" PR1 qualified Metal seated Ball Permanent installations 2" 3" PR2 qualified Double Ball Metal and soft seated 1" 4" PR1 or PR2 qualified Swing Check Swing type check valve 1" 4" PR1 qualified Piston Check Piston type check valve 1" 4 PR2 qualified Stab Subsea hot stab 2" 3" PR2 qualified Pressure Cap Subsea pressure cap 2" 3" PR2 qualified Pressure Cap Pressure balanced 2" 3" PR1 qualified Protection Cap Dust cap for receptacle 2" 3" Rotary Gate In Development

Subsea case studies

CATCHER AREA DEVELOPMENT Midwater Arch A mid-water arch (MWA) that is typically installed 70-100 m from the seabed provides riser support. Connecting the risers to the MWA largely eliminates the dynamic forces that would otherwise cause friction and fatigue.

CASE STUDY About Project: Catcher Area Development Operator: Premier Oil Location: North Sea, UK Request Lead time for the project was 12 week. Bespoke design to minimize weight and size. Low cost project.

CATCHER AREA DEVELOPMENT About Project: Catcher Area Development Operator: Premier Oil Location: North Sea, UK Challenge Valve type 2 Ball valves + pressure cap as 3rd barrier Bore size 2inch and 3inch Qualification PR2 Design lifetime 30 years Gas testing Nitrogen, 3.5bar Operation torque Max 75Nm Media Nitrogen, water Lead time 12 weeks Reduce size and reduce cost!

CATCHER AREA DEVELOPMENT About Project: Catcher Area Development Operator: Premier Oil Location: North Sea, UK Challenge Valve type 2 Ball valves + pressure cap as 3rd barrier Bore size 2inch and 3inch Qualification PR2 Design lifetime 30 years Gas testing Nitrogen, 3.5bar Operation torque Max 75Nm Media Nitrogen, water Lead time 12 weeks Reduce size and reduce cost!

CATCHER AREA DEVELOPMENT Solution We suggested a DB valve to reduce footprint and to reduce cost We suggested a PR1 qualified Soft seated valve instead of the requested PR2 qualified M2M valves. We suggested a pressure balanced stab insted of the standard Pressure cap. Due to the extrem low differential pressure of 3,5 bar we had to redesign the seats, seatholders and seals around the seat holders. In the end the qustomer wanted double looking mechanisms on the Pressure cap.

CATCHER AREA DEVELOPMENT The Delivery 12 DB 2inch and 12 DB 3 inch instead of 48 single valves 24 pressure ballanced stabs Reduced the cost with over 60% from the initial request. On time delivery in 12 weeks Specification Valve type 3 barrier, 2 ball valve + pressure cap Bore size 2 or 3inch Qualification PR1 Design lifetime 30 years Gas testing Nitrogen, 3.5bar. Operation torque Max 75Nm Media Nitrogen, water

AASTA HANSTEEN AASTA HANSTEEN The Aasta Hansteen field discovered in 1997 is located in the Norwegian Sea, 300 kilometres west of Bodø. Revised production start-up is planned for late 2018. The field will be developed using a SPAR platform comprising a floating topside with a vertical column moored to the seabed.

AASTA HANSTEEN About Project: Aasta Hansteen Operator: Statoil Location: North Sea, Norway Challenge Valve type 2 Ball valves as barrier + pressure cap Bore size 2inch Qualification PR1 Design lifetime 5 years Testing PSL 3 Special Smal footprint Operation Dual stem and 2-way receptacle Lead time 12 weeks

AASTA HANSTEEN Solution We suggested a DB valve to reduce footprint and to reduce cost We designed a compact body with dual stem interface. Designed new 2-way receptacle for pressure balanced stab. Due to the tight space the receptacle and the valve was to be in 100% alliment to the housing.

AASTA HANSTEEN The Delivery 4 DB 2inch valves 2 pressure ballanced stab We managed to deliver a compact design that fit the system. On time delivery in 12 weeks Specification Valve type 2 Ball valves as barrier + pressure cap Bore size 2inch Qualification PR1 Design lifetime 5 years Testing PSL 3

WHATS NEXT?

WHATS NEXT? Team effort - smarter thinking Standardization - agree on common standards Project with 4 major EPCs Rental Refurbishment programs Soft Seated Ball Temporary installations 1" 4" in 316 and SD PR1 qualified Metal seated Ball Permanet and or high pressure installations 0,5" 4" PR2 qualified