1. API 17N Subsea Production System Reliability and Technical Risk Management Don Wells Hess Corporation

2. History / Status Document released in 2009 Specification contains: – Life Cycle Process (LCP) – Define, Plan, Implement, Feedback (DPIF) Loop – 12 Key Practices (KP) – Technology Qualification Process – Technology Readiness Level

3. Why Change? BSEE Wants: – Prevent Prescriptive Standards – Self-regulation by the Industry Issues with 17N: – Operational Goals & Requirements – Unbalanced Life Cycle Processes – Technology Readiness Level Use & Implementation

4. Plan / Path Forward Process – Split into 5 subgroups – Industry Leaders – Common Template Introduce IM into the scope of 17N: – Define IM – Expand the Life Cycle Processes – Reassessment through remediation – Define TRL progression

5. Detail Expand the LCP – Provides balance and depth to the document – Communication of goals & requirements 5 Feasibility Concept Selection FEEDDetailed Design Manufacturing & Assembly SIT, Installation, & Commissioning OperationDecommissioning

6. Detail Change to a Dual-DPIF Loop D efine – P lan – I mplement - F eedback – Add Remediation cycle – Facilitates Integrity Management

7. Detail

9. Change to a Dual-DPIF loop – Add Remediation cycle – Facilitates Integrity Management

10. Next Remaining challenges: – Incorporating Human Factors – Decommissioning (Well Abandonment) – Document Matrix – Technology Qualification Appendix 17N is currently in first edition drafting Final Draft Review late-Q2 2013 Peer & Industry Review Q3 2013 Submittal Planned Q4 2013