1. 1 API17Z Bonded Composite Pipe Progress report API conference June 2015

2. Content  Progress  Task Group  Next steps

3. SRRR approved  June 2014  New standard: API17Z (Recommended Practice)  Title: Bonded Composite Pipe for Offshore Applications  Chair: Airborne Oil & Gas Task group invited  May 2015 Task group assembled  June 2015 DNV GL formal approval to use RP as basis  June 2015 Progress, since last time

4. Task group  35 Companies represented in Task Group Representative & deputy  Well diverse group World wide Full industrial chain  Open for participants till mid July 4 2H OffshoreSBM OffshoreGE Oil & GasChevronSaudi AramcoBureau veritasCelanese 4subseaSubsea7Magma GlobalConocoShellDNV GLEvonik Intecsea Airborne Oil&Gas NOVExxon MobilStatoilUofAlbertaPPG RisertecFlexpipeTechnipPetrobrasTotalAGYSolvay woodgroupken ny FMCBPPetronasAPIArkemaVictrex

5. Next steps 1/2  External hearing by DNV GL of RP Composite Pipes All task group members will be part of the external hearing Approximately half (19) of the task group companies is already represented in the DNV GL JIP Status of DNV GL RP Draft finished in December 2014 All members have commented and comments have been addressed by DNV GL in May 2015 Members review closed June 2015 DNV GL to finalise Safety Factors June 2015 External hearing > Mid July – Mid September 2015 Issue of RP > End November 2015 5

6. Next steps 2/2  July-Sept 2015 Review DNV GL RP  October 2015 Collect and Categorize comments in subgroup  November 2015Subgroup to advise ways forward  December 2015Task Group meeting 6

7. Jens de Kanter j.dekanter@airborne.nl Address Monnickendamkade 1, 1976 EC IJmuiden, The Netherlands +31 (0)255 763 500 www.airborne-oilandgas.com 7