INSURING PROJECT CARGO What is it about? Infrastructure Projects Worldwide Oversized Cargoes High Insured Values Complex Logistics Requirements Projects.

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INSURING PROJECT CARGO What is it about? Infrastructure Projects Worldwide Oversized Cargoes High Insured Values Complex Logistics Requirements Projects Often Exceed 2 Years To Complete Time Element Coverage Often Required Required For Project Financing

PROJECT CARGO INSURES Offshore Energy Projects Petrochemical Projects Power Generation Facilities Liquefied Natural Gas Plants Refineries Mining Operations Bridge Construction

Offshore Drilling Platform

220 Ton Module

DELIVERY VOYAGE

BOEING Sea-Based X-Band Radar

SBX RADOME INSTALLATION

DELIVERY VOYAGE: Corpus Christi, TX to Adak, AK via Strait of Magellan

PEMEX Accommodation Module

Power Generation Modules

Offshore Platform Leg

Critical Components

MINING EQUIPMENT

MODULES TO BAKU

Components of an Offshore Windmill

Heat Exchangers to West Africa

Transshipping Cable Reels

Mining Equipment to Norway

FPSO Turret to Singapore

Bridge Construction Project

Oil/Gas Engineering Industry: Improved Earnings, Rising Stock Prices

20 largest oil producers Country and 2004 rank Estimated Reserves (billion barrels, 2006) Source Source 2004 Production Includes Crude Oil, NGL, Condensate, Refinery Gain 1. Saudi Arabia267 billion bbl10.4 mb/d 2. Russia609.3 mb/d 3. USA mb/d Crude oil < 5.2 mb/d 4. Iran mb/d 5. Mexico133.8 mb/d 6. China183.6 mb/d 7. Norway83.2 mb/d 8. Canada 179 (includes tar sands) 3.1 mb/d 9. Venezuela792.9 mb/d 10. United Arab Emirates982.8 mb/d

20 largest oil producers (cont.) Country and 2004 rank Estimated Reserves (billion barrels, 2006) Source Source 2004 Production Includes Crude Oil, NGL, Condensate, Refinery Gain 11. Kuwait 104 (some sources say 48 billion - the difference is 5% of world reserves)sources 2.5 mb/d 12. Nigeria362.5 mb/d 13. United Kingdom42.1 mb/d 14. Iraq mb/d 15. Other FSU Mostly Kazakhstan + Azerbaijan mb/d 16. Algeria121.7 mb/d 17. Brazil111.5 mb/d 18. Libya391.5 mb/d 19. Indonesia41.1 mb/d 20. Angola60.9 mb/d

12 top natural gas countries (by reserves, 2005) CountryReserve estimate World6,300 trillion cubic feet 1. Russia1,680 trillion cubic feet (some say 2,300 tcf) 2. Iran940 trillion cubic feet 3. Qatar910 trillion cubic feet 4. USA265 trillion cubic feet 5. Saudi Arabia235 trillion cubic feet 6. United Arab Emirates212 trillion cubic feet 7. Nigeria176 trillion cubic feet 8. Algeria161 trillion cubic feet

12 top natural gas countries (by reserves, 2005) CountryReserve estimate 9. Venezuela151 trillion cubic feet 10. Iraq110 trillion cubic feet 11. Kazakhstan106 trillion cubic feet 12. Turkmenistan102 (maybe 535) trillion cubic feet 13. Indonesia90 trillion cubic feet 14. Malaysia87 trillion cubic feet 15. Norway84 trillion cubic feet 16. China79 trillion cubic feet

CASPIAN OIL & GAS

KASHAGAN OIL FIELD

Kashagan Oil Field

KASHAGAN “ISLAND”

BRAZIL OIL & GAS FIELDS

US GULF OF MEXICO OIL & GAS FIELDS

Semi Submersible

FLOATING PRODUCTION UNIT (FPU)

Floating Production Storage Offshore (FPSO)

Offshore Oil Production Facility

Jack Up Drilling Rig

WHAT GOES INTO A JACK-UP UNIT?