1. 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

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

3. Offshore Drilling Platform

4. 220 Ton Module

5. DELIVERY VOYAGE

6. BOEING Sea-Based X-Band Radar

7. SBX RADOME INSTALLATION

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

9. PEMEX Accommodation Module

10. Power Generation Modules

11. Offshore Platform Leg

12. Critical Components

13. MINING EQUIPMENT

14. MODULES TO BAKU

15. Components of an Offshore Windmill

16. Heat Exchangers to West Africa

17. Transshipping Cable Reels

18. Mining Equipment to Norway

19. FPSO Turret to Singapore

20. Bridge Construction Project

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

23. 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. USA21 8.7 mb/d Crude oil < 5.2 mb/d 4. Iran1324.1 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

24. 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. Iraq1152.0 mb/d 15. Other FSU Mostly Kazakhstan + Azerbaijan 471.9 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

25. 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

26. 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

27. CASPIAN OIL & GAS

30. KASHAGAN OIL FIELD

31. Kashagan Oil Field

33. KASHAGAN “ISLAND”

34. BRAZIL OIL & GAS FIELDS

37. US GULF OF MEXICO OIL & GAS FIELDS

38. Semi Submersible

40. FLOATING PRODUCTION UNIT (FPU)

41. Floating Production Storage Offshore (FPSO)

43. Offshore Oil Production Facility

44. Jack Up Drilling Rig

45. WHAT GOES INTO A JACK-UP UNIT?