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DEEPSTAR®

Global Deepwater Technology Development

Phase XII CTR Project Proposal

Time-line, Guidance and Instruction for completingThe CTR Project Proposal

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DeepStar Timeline

Phase XI 2013

Phase XII 2014

Phase XII 2015

Phase XII Planning

Phase XI Close Out

Phase XII Close Out

Phase XIII 2016

Phase XIII2017

Phase XIII Planning

Phase XI 2012

Where we are now

• Develop FRPs• Bid• Contract• Execute Projects

• Execute Projects• Projects’ Close

Out

• Identify Needs• Collaborative• Prioritize Needs• Develop CTRs• Prioritize CTRs

at TCs• Management

Committee Vote

• Develop FRPs• Bid• Contract• Execute Projects

• Execute Projects• Projects’ Close

Out

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Phase XII Call for Project Ideas

NOW: Projects ideas - preparation of a CTR (Cost, Time & Resources) at the Technical Committee Level. CTRs are generated by:

– Operator SMEs who see a business need within their operations or future field developments.

– Vendors / Service companies who see opportunities for improvements

– Academics who see potential applications for their work

JUNE: CTRs are presented and discussed at TC meetings

JUNE – SEPT: CTRs are vetted and consolidated (as needed) into distinct Projects

SEPT:CTRs are ranked and prioritized by the Technical Committees

OCT: Management Committee votes on portfolio of R&D projects

JAN (14): Approved projects are bid, negotiated, contracted and managed utilizing industries’ best practices

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DeepStar Phase XII CTR Project Proposal

Who should provide the CTR Project details?

1. Technical Manager

a) Background and business case incentive to invest

b) Project (Overall) framing and objective

c) Project (CTR) abstract

2. Subject Matter Expert (SME)

a) Project (CTR) Scope of Work

b) Deliverables (CTR)

c) Project (CTR) estimated cost and schedule rationale

Microsoft Word 97 - 2003 Document

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Background and Business Case Incentive to Invest

A compelling and, to the extent possible, quantifiable description of the Business need and why DeepStar should invest in the technology/effort/activity.

a) A single paragraph summary of overall opportunity / need

b) REFERENCE Case: What will happen (or won’t happen) if the proposed work is not done.

c) INVESTMENT Case: What will happen (or won’t happen) if the proposed work is done.

d) PROJECT Value: Difference between the above 2 cases

e) List of assumptions for the above and discussion on any alternate solutions.

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Project (Overall) Framing & Objective

Technical Manager Input

Time-line summary of all the activities / actions / major decisions and funding necessary to meet / achieve the Business Case.

– Time-line should be overlaid with TRL progression with appropriate stage-gates from current state of technology maturity to ultimate end point (MCP ready / Commercialization / Standard / etc.)

– Superimposed and highlighted along the time-line should be the subject CTR, start to finish.

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Project (Overall) Framing & Objective – cont’d.

Time-line

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Project (Overall) Framing & Objective – cont’d.

Along with the time-line please provide:

1. Clear statement of where the technology stands today (TRL?) and summary of any related work on the topic

2. Clear statement of what the subject CTR will do to progress the need from current state (TRL) through to commercial solution – or the next identified stage-gate.

• Show clear linkage to a DeepStar operator identified challenge / need

3. Some detail on next step / stage-gate and general summary of remaing activities after successful execution of subject CTR.

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Project (CTR) Abstract

Single paragraph description of subject CTR work

– This is a subset of the overall opportunity summary required in the “Background and Business Case” section of the CTR form.

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Project (CTR) Scope of Work

SME Input

Define the extent of the work under subject CTR as well as the limits / boundaries.

Define the work required to be done under subject CTR to achieve the Deliverables.

– Include all sub tasks.

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Deliverables (CTR)

SME Input

List of specific and tangible Deliverables and metrics of the project.

How will you know when the project is complete?

How will work quality / success be evaluated?

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Project (CTR) Estimated Cost and Schedule Rationale

SME Input

Estimate the cost and schedule required to complete the work proposed in subject CTR. This is an expanded subset of the overall time-line.

– Sufficient detail should be provided to justify the estimate.

– Can be based upon manpower, equipment and/or expense requirements.

– Indicate if in-kind funds will be leveraged to match DeepStar funding.