UK/Norway mentoring th March Geir Helgesen Sales –Director 1

The Abbon value proposition The Abbon performance monitoring system ”Making real-time flow rates per well available in the operation center” Long term contract - CoP Ongoing contract CoP Synergy & Turnkey Solutions Field tests-CoP & Qatar

Optimum Online Onshore Operations Center Overview Performance Monitoring Process Trending Analysis Tools Network software Eg. ReO, Prodman GAP HYSYS Assett PipeSim Prosper ABB Siemens Honeywell etc PI or Alternative Optimum Online Optimum Online Other 3

 Visualization  Collaboration  Decision support Reporting  Pressure & temperature  Differential pressure  Multi-phase flow rates Measuring Proven and patented solutions for continuous well surveillance 4 Analyzing  Analysis of production data  Verification of models  Validation of allocation scheme Data processing & analytic modeling Field proven solutions for continuous well surveillance

Status –Business challenges 5 Where are we now & where are we going? Nov-09 March-2010

Status –Business challenges 6 Where are we now? Summary Spent time internally to define the value of the company Meetings with contractors who have a frame agreement with the operators Examples: ABB, Siemens,Halliburton, etc.. Discussed how to cooperate with one of them Meetings with operators on the UK side Have been invited for a 2nd meetings Probing the market for an industrial partner/owner See a need for a WW distribution network One meeting with the Mentor - March

Status –Business challenges 7 Where are we going? Focus Contractors with frame agreements – Complementary Operators – gain more info about the offshore fields Be invited to present Abbon’s products in events where enhanced recovery per well is one of the main topics Competitor analysis – Differentiator Products Optimum Online and Optimum Installation are commercial Optimum metering – measurement per well To be taken one step further