1. API RP 17 N Update Subsea System Reliability and Integrity Management Presented by: Mark Siegmund - API 17N Chairman Jan 18, 2011

2. Progress November 2010 - API RIMS Charter drafted 1st Dec 2010 - Kick off Meeting – Committee members appointed by Chair/Co-chairs – API 17 RIMS charter circulated and comment invited – Inputs expected from 2 SURF IM JIPs recently kicked off – Additional committee members to be invited as needed depending on experience and expertise – Committee members invited to: Review current version of 17N Review Charter draft Issue comments and suggestions to John Strutt Committee to present proposals and updated charter to API working group by the end of January Next Meeting tentatively scheduled mid-February 2011

3. Initial Committee Goals Identify best practice and improvements to the management and assessment of Subsea reliability, technical risk and operational Integrity in Subsea industry Develop guidance on management practices and tools to assess, optimise, manage and meet safety, environment and production goals. Identify improvements to the alignment of reliability and integrity management activities during design and operational stages Provide guidance which will deliver better: – leadership and direction, Consistency and coherence between the project and Operations teams and Feedback and Learning

4. Additional Goals Update section on use of TRL in qualification of New technology and align with new DNV A 203 – New version of DnV A203 soon to be issued Provide improved guidance on relevant reliability data and use of reliability and Integrity assessment tools Align with new BOEMRE NTL – probably to be issued in Q1 2011 Integration of API 17N with standard ISO 20815 (Jans Neurenkerken) Provide input to and guidance on the implementation of API 17N RIMS training programmes

5. Committee Members Mark SiegmundChair (BP) John AllenCo-Chair (GE) Don WellsCo-Chair (Hess) John StruttChampion (Astrimar) Adriana BottoSecretary (WGIM) Ken PowellMember (Cameron) John FasseroMember (EXM) Karina VitaleMember (CVX) John MacNeillMember (Stress) Graeme DaviesMember (DNV) Runar Ostebo Others:? (aiming for 20-22) Member (Statoil) Shell, Teledyne, FMC, Atkins, Woodside, Petrobras, TBA…