Expanding new opportunities

NOV`s Lisbon office

Technology and knowledge, since 1841. NOV l Rig Solutions Norway l 2013

Clear vision of the future

“The world’s leading and the most innovative supplier of drilling and

handling equipment and related services to the energy industry.”

Global Presence

I 200+ acquisitions over 12 years I 800+ facilities worldwide in 53 Countries I 34 manufacturing locations I 14 hubs in Norway I

NOVN At A Glance

NYSE……………………………..NOV

NOV Employees Globally………63,000

RS Employees…….…………….21,000

RS Employees Norway………….4,000

2012 Revenue NOV……….$20.0 Billion

2012 Revenue RS…………$10.1 Billion

2012 Revenue RSN……….$4.1 Billion

Headquarters……………….Houston, TX

President & CEO - Merrill A. (Pete) Miller

Chief Operating Officer – Clay Williams

VP Drilling Equipment Engineering – Frode Jensen

Engineering Director, NOVN- Morten Halvorsen

Operation Manager, Portugal- Kenneth Kaarikstad

NOV Norway

Rig Solutions / Norway

Total…………………..…over 4000 employees

Operation……………………..2700 employees

Aftermarket…....................….1150 employees

Main office………………………..Kristiansand

I Southern Norway’s largest private employer

I Fifth largest exporter in Norway

I Average age in NOVN is 36 years

I 80% of employees have advanced education

I 25% of employees are women

NOVN – Place in value chain

I Complete drilling equipment package for

Drill Ships, Land Rigs, Semi-Submersibles,

Jack-ups, Platforms and Well Intervention

Vessels

I Lifting equipment for Production Platforms

I Subsea cranes and winches for

construction market

I Anchor Handling Equipment Packages

I Installation & Commissioning

I Instrumentation, Monitoring, and

Optimization

I Spare Parts

I Training

Main Products of Rig Solutions

Simulation Technology

I Four Active Simulators in

various Norwegian location

training centres

I We train on average 500

people every year

I We are contributing to a safe,

competent workforce around

the globe

I Delivering state-of-the-art

simulators in Singapore, Brazil

and Houston

Product expertise

I Well Intervention Equipment Packages

I Pipehandling Systems

I Motions Compensation Systems

I Derrick Systems

I BOP Handling Systems

I Roughnecks & Top Drives

I Knuckle / Box / Telescope

Cranes, incl. Active Heave

Compensation Solutions

I A-Frames, Winches

I Anchor Handling Equipment

Packages

I Control Systems

Stena Drillmax (Stena Drilling)

Deepsea Atlantic(Odfjell Drilling) - DSME

Stena IceMax (Stena Drilling) - SHI

Ocean Rig - 4 drillships at SHI

Drillships I Semi-Submersibles

out of Korea 2007-2011

Recent NOV

Well Intervention Deliveries

Aker Oilfied Services

“Skandi Aker”

Well Intervention/

Module Handling

System 450T

2009

Marine Subsea

“Sarah”

Well Intervention/

Module Handling

System 300T

2009

Recent NOV AHC Crane Deliveries

Aker Wayfarer – 400t AHC Crane & 50t

AHC Transocean 165t

AHC Crane Olympic Zeus – 200t AHC Crane

Normand Oceanic – 400t AHC

Crane Skandi Aker – 400t AHC Crane

Skandi Neptune –

250t AHC Crane

Global Engineering

We design and continuously improve the products NOV provides. We work in close collaboration with other groups within the company to identify the customers needs and the opportunities in today’s marketplace to design and build products that meet these demands. We cover all disciplines required for engineering state of the art equipment and processes. I Technical Safety I Layout and application engineering I Systems engineering I Mechanical and structural engineering I Software and Controls I Hydraulics and Piping I Electro and instrumentation I Structural calculations

NOVN Engineering office, Lisbon

I A branch company to NOV Norway (NOVN)

I Provide engineering resources to projects in Norway

I Grand opening was May 2013

I 40 engineers hired, aiming to double in 3-4 months – Mechanical Design (Inventor & AutoCAD)

– Drawing / Drafting Checkers (Inventor & AutoCAD)

– Structural Calculations (STAADPro & Ansys)

– Software, Control Systems and HMI (Siemens S7 & InTouch)

– Hydraulic / Piping Design (AutoCAD Plant 3D & AutoCAD 2D)

I A mix of newly educated and experienced engineers

I Recruitment in cooperation with Kelly Services

WHY PORTUGAL?

I Availability of engineers

I Previous experience with Portuguese engineers

I Small cultural differences within engineering

I Lower cost than in Norway

I Language and geography (Brazil)

NOV Norway l Kristiansand l Stavanger l Molde l Asker l Trondheim l Tønsberg l Arendal