1. www.agr-ps.com Petroleum Services Well Construction Project Management Drilling Consultancy Reservoir Management Field Management Field Operations Ops. & Maint. Subsea Infrastructure Facilities Integrity Engineering and PM Drilling Services Riserless Mud Recovery Well service tools Trenching & excavation Business UnitsFinancials A Global Footprint * 2009 is 1Hx2 Revenue, $ US Mn Offices > 60% of rev. outside Norway AGR CannSeal EOR Standard Wireline Remedial annular sealing Zonal Isolation Overview of AGR Group

2. www.agr-ps.com Well Management Outsourced drilling ~160 reservoir employees Reservoir Management Global player ~155 reservoir employees Business Lines# of wells drilled North-West Europe, 2007 Field Management FD studies Sub Sea Tie-back projects Drilling consultancy ~300 consultants Database of ~8000 Statoil-HydroShellAGRExxonTalisman 2008 AGR: Drilled 78 wells worldwide 2 nd in volume in NW Europe 2008 Performed 200 reservoir studies Delivered 100 training courses 82 26 5 22 134 28 19 1 Overview of AGR Petroleum Services

3. www.agr-ps.com AGR FIELD OPERATIONS

4. www.agr-ps.com AGR DRILLING SERVICES

5. www.agr-ps.com Abandonment Exploration & Appraisal Feasibility Concept Selection FEED Execute Production Field Development Gaining Access Reservoir Wells Integrated Services Subsea & Facilities AGR Integrated Services

6. www.agr-ps.com AGR PETROLEUM SERVICES AGR Petroleum Services (AGR PS) is one of the largest providers of well management, consultancy services, reservoir and risk mitigation in the world. We are committed to providing our clients with solutions that result in optimizing value while minimizing risks. AGR PS is built upon the acquisition of the “best in class” firms in the following categories: –Drilling and Well Construction –Subsurface Evaluations –Consulting Services –HSE & Risk Management –Training

7. www.agr-ps.com Delivering reservoir, well and integrated field management services Adding value through expertise, innovation and commitment Core competences in − geology, geophysics, petrophysics − reservoir and petroleum engineering − well construction, drilling management, completion design − facilities and subsea development AGR Petroleum Service Business Divisions Reservoir Management Wells Management Consultancy Drilling consultancy Field Management Res Management Well Management

8. www.agr-ps.com AGR Petroleum Services Global Coverage

9. www.agr-ps.com In 2008, AGR PS: Drilled over 78 wells in 7 countries for 34 clients Operated 7 rigs simultaneously worldwide Completed over 200 reservoir management studies Placed 191 consultants through our Consultancy Services group Supported 2 new oil companies in the rigorous North Sea qualification process In 2008, AGR PS: Drilled over 78 wells in 7 countries for 34 clients Operated 7 rigs simultaneously worldwide Completed over 200 reservoir management studies Placed 191 consultants through our Consultancy Services group Supported 2 new oil companies in the rigorous North Sea qualification process AGR Worldwide Track Record

10. www.agr-ps.com World’s largest well management group –Managed drilling of 400 wells to date –Globally 317 employees –8 concurrent rig operations in 2008 –Drilled the deepest GoM HPHT well at 33,000 ft below mud line & 22,500 psi bottom hole pressure Over 120 reservoir professionals –Over 200 reservoir studies/year –Deliver over 100 training courses per annum AGR Petroleum Services Experience & Strength

11. www.agr-ps.com Our global services FIELD OPERATIONS – PRODUCT LINES

12. www.agr-ps.com AGR Integrated Services Abandonment Exploration & Appraisal Feasibility Concept Selection FEED Execute Production Field Development Gaining Access Reservoir Management Well Management Integrated Services FD, O&M Shown

13. www.agr-ps.com What we do - AGR Petroleum Services Integrated Project Management PROFESSIONAL WC RESOURCES ~300 contracting global 5000 consultants reg. Drilling & Completion Well testing & services Subsea engineers Materials & Logistics controllers HSE INTEGRATED SOLUTION FD Concept studies Reservoir management Field Development Plan Production strategy SUBSURFACE EVALUATION Reservoir optimisation - Well type - Well location - Well count Production optimisation - CannSeal Asset valuation for M&A Reserves Audits Geoscientists Reservoir engineering Production technologists Economists Training Reservoir Management Consultancy Field Management Well Management WELL CONSTRUCTION: PROJECT MANAGEMENT Engineering - Drilling - Well testing - Completion HSE support Procurement Logistics support Well Delivery Process IOC Policies & Procedures

14. www.agr-ps.com AGR Petroleum Services - Summary AGR can do all that an IOC operator can do –Except funding, or PSC as has no assets –Fee & Performance based Remuneration vs. Production Share Solid safety and operational track record Full project management: –G&G –Drilling & completion –SCM, Procurement and logistics –Security Flexible commercial model, designed to fit every application UAE Operations Status (Abu Dhabi) –Local agent / Sponsorship –Registration in Process –Ensure we add AGR PS services to ADNOC bid lists