Triton is a subsidiary of Noble Corporation

BUSINESS VISION COOPERATION TRANSFER PROFIT ESTABLISH REACH ACHIEVE HIGHER RETURN ON “INVESTMENT” WORKING ENVIRONMENT FOR UNDERSTANDING AND COMMON GOALS KNOWLEDGEANDEXPERIENCES WE

The Reduction of Lost Time andNon Productive Time The Reduction of Lost Time and Non Productive Time To Implement a Cost Effective Drilling and Completion Operation The Reduction of Production Cost Implementation of an Educational Process OBJECTIVE

GOAL Provide a full range of services to the oil and gas industry for their exploratory and development program –from responsive help to existing resources –to full comprehensive project management

Preparation and execution of comprehensive:  Well design and well construction programs  Workover programs  Well abandonment programs Preparation of budgets, detailed costs Field Supervision of logistics and well operations Review of drilling data and drilling optimization studies End of well reporting and reconciliation PROJECT MANAGEMENT SERVICES

Preparation of operating procedures Pre-operational Audits: Drilling Unit - Service Providers - Vendors Project - Proposal / Program - Operation Preparation and evaluation of tenders: The provision of services The procurement of equipment and material

EXPERIENCE

Completed over 500 well construction projects in 40+ countries: High pressure and temperature wells: Exploration and development wells Directional wells with multiple targets 23,000'+ total depth wells Complex geological areas Salt, sub-salt and rafted shale wells Water depths in excess of 7,200’ Developed client base of major E&P Operators, National Oil Companies and Independent operators worldwide COMPANY HIGHLIGHTS

U.S. GOM Mexico Venezuela Brazil Canada Europe UK,IRL,NLD K, NOR, DL, FR, SP Italy, Black Sea WORLDWIDE RIG OPERATION AND DRILLING ENGINEERING EXPERIENCE WC Africa Marroco,Senegal Guinea, Ivory Coast Ghana, Nigeria Gabon,Congo Angola, Namibia Argentina Aruba Peru Offshore Onshore Land Africa Algeria, Chad Nigeria, Tunisia EC Africa Mozambique Middle East Qatar,Oman Yemen, Azerbaijan Far East China, Vietnam Malaysia, Korea Indonesia, India Australia & New Zealand

Wells Internationally 1 Well program - Lukoil; Caspian Sea 2 Well program - El Paso; Brazil 1 Well program - Devon; O/S Ghana 2 Well program - El Paso; O/S Brazil 14 Well program - Pemex; O/S Mexico 1 Well program - Devon; O/S Gabon 4 Well program - Brass; O/S Nigeria 2 Well program - RWE; Dutch North Sea 17 Well program - PDVSA; Venezuela 8 Well program - Trinmar; O/S Trinidad 8 Well program - Pedco; O/S Korea 2 Well Program - El Paso; O/S Australia 2 Well Program - EOG Resources; O/S Trinidad PROJECT MANAGEMENT

MULTIWELL PERFORMANCE OPTIMIZATION

BRASS PETROLEUM NIGERIA

Days vs. Depth GOM Sub Salt Well

WELL CONSTRUCTION SCEMATIC EVALUATION and PLANNING EXECUTE CONTROL ASSESSMENT and BENCHMARKING PROJECT MANAGEMENT

Define & align well and geological objectives Conduct risk assessment - Risk impact / Probabilities - Identify, Quantify, Manage - Mitigation measures / contingency plans - Lessons Learned ~ inclusion in well plan Benchmark development - Rig performance ~ upgrades or improvements - Operations ~ vendor selection criteria - Engineering ~ well location specific - Logistics ENGINEERING AND PRE-PLANNING

DESIGN & PLANNING Critical Path Plan Development Feasibility studies / life cycle Process Control, Risk vs. Success probabilities “Front End” engineering - rotating, flat spot times, non- productive time Regulatory Assistance ~ if applicable Knowledge management: - Average running speeds of casing - Average trip speeds open / cased hole - Average PU / LD time for BHA’s - ROP analyses for rotating / motors Marked-up offset well logs w/ hole problems, mud weights, casing depths, L.O.T. test data

DATA COLLECTION KNOWLEDGE MANAGEMENT BENCHMARKING Provide real time evaluation of performance Post well operations review End of well report ~ corporate memory Produce “best of the best” drilling benchmarks Updating of statistical benchmarks Capture of efficiencies & lessons learned Update planning process with lessons learned

COST MANAGEMENT Accurate pre-planning AFE costs Accurate tracking of costs during project execution End of well review and reconciliation of projected costs / vs. actual costs Evaluation of drilling contractor, vendors and service companies Evaluation of variances Retention of cost data for corporate memory Distribute results

COMPREHENSIVE PROJECT PLANNING AND MANAGEMENT

DRILLING PERFORMANCE SYSTEMS Engineering and Planning Operations I.D.E.A.S NDSS WITS OptiDrill Noble Drill Smart System Improve Drilling Efficiency Accountability System Well Information Tracking System

EFFICIENCY DRIVER WELL # 1 WELL # 2 WELL # 3 NPV $ REVENUE $ PRODUCTIVITY OPERATING PROBLEMS DEVELOPMENT PHASE PAY BACK EXPLORATION PHASE INVESTMENT + TOMORROW COST $ + TODAY TIME -

TRUE EFFICIENCY Well # 1 TIME COST $ VALUE $ Well # 2 Well # 3 Well # 4

CONFORMISTIC PLANNING MISMANAGEMENT

PERFORMANCE PLANNING EFFICIENT MANAGEMENT

THE DIFFERENCE Proper Allocation of Funds Increase number of wells drilled Increase Production Increase Profit and Return on Capital Plan and Manage for Continuous Improvement

Well plan : Prognosis vs Actual OPERATION EFFICIENCY VALUATION Drilling Unit : Performance & Down Time Drilling practices: Methodology & Technology Drilling fluids: Formation Damage Logistics : Response Time & Bottle neck Third parties : System Performance & Down Time Cost : AFE vs Actual Cost

PRODUCTIVITY EFFICIENCY VALUATION Reservoir Management Completion Design Formation Damage

PROCESS Management Information Technology Knowledge Management Data Management PEOPLE TECHNOLOGY EFFICIENCY REQUISITE

RISK ASSESSMENT Synthesize data to generate a subsurface geologic model Gather information of offset wells Apply lessons learned Evaluate pore pressure for casing picks Integrate geologic model Learning Organization = People + Process + Technology

Professional independent project team Team not “tied” to any product or service company Objective evaluation and recommendations Critical path drilling program generation Integration of drilling efficiency systems Execution of program based on Cost effectiveness Proven track record CONCLUSION