Fremtidsplaner og forventningertil underleverandører

November 2013

Company history & major events

■A

ibel history and experience dates back more than 100 years with companies such as Elektrisk Bureau (EB)

and Haugesund Mekaniske Verksted (HMV).

■A

ibel AS is owned by a Norwegian investor group led by Ferd and Herkules Capital (since June 2007), well-

known investors with significant investments in both private and public equity

■A

ibel AS is owned by Ratos (SWE) from December 2012 and Ferd (50/50)

Elektrisk Bureau (EB) is established

Aibel is acquired by Ferd and Herkules

Haugesund Mekaniske Verksted (HMV) is established

UMOEacquires HMV

1900 1990

2000

ABB Offshore Systems acquires UMOE Oil & Gas

1882 1993

ABB Offshore Technology (later named ABB Offshore Systems) is established

2007

ABB Offshore Systems is acquired by an international investor group. Vetco International is established with subsidiaries Vetco Gray and Vetco Aibel

2004

Business units

MMO Modification Field development Wind

■Long term onshore and offshore MMO contracts

■Modifications to existing offshore installations and onshore plants

■New offshore installations and onshore plants

■International FPSO market

■New offshore facilities, AC/DC platforms

■Maintenance and facility services

Source: Company data

Current footprint – Norway

Njord A/B

Oslo

StavangerHaugesund

Bergen

Kollsnes

Sture

Mongstad

Troll A

Statford A/B/C

HuldraVeslefrikk

OsebergF/C/ø/SGudrun

Sleipner

Draupner

Ula

Ekofisk

Eldfisk

Kristin

Norne

Snorre A/B

Kårstø

Kristiansund

Harstad

Snøhvit

B11

Hammerfest

Stjørdal

Office Locations

MMO Frame Agreements

Current New-build and Modification Projects

DraugenNjord A/B

Oslo

StavangerHaugesund

Bergen

Kollsnes

Sture

Mongstad

Troll A

Statford A/B/C

HuldraVeslefrikk

OsebergF/C/ø/SGudrun

Sleipner

Draupner

Ula

Ekofisk

Eldfisk

Kristin

Norne

Snorre A/B

Kårstø

Kristiansund

Harstad

Snøhvit

B11

Hammerfest

Stjørdal

Office Locations

MMO Frame Agreements

Current New-build and Modification Projects

Office Locations

MMO Frame Agreements

Current New-build and Modification Projects

Draugen

Draugen EPCMClient A/S Norske Shell

Contract period March 2012 – March 2018

Options for two plus two years extension

Value 6 BNOK

Scope of work Portfolio management, FEED/FEED verification, Project management, Administration, Engineering, Procurement, Construction management, Fabrication, Installation and Commissioning assistance on all major projects and minor modifications on the Draugen asset

Portfolio Procurement Management

Staff Function / Stabsfunksjon

Business Unit / Forretningsenhet Resource Unit / Ressursenhet

Process Owner / Prosessansvarlig

Aib

el A

S –

Level 5

Notes:Personnel located in Stavanger except;1) located in Aibel offices in Oslo2) located in Aibel offices in Kristiansund3) located in Aibel offices in Harstad

Portfolio Procurement Manager

Morten von der Lippe

SQS Lead

Terje Flister

Subcontract

Helge BoyeProcurement Logistic Responsible

Elin Kim Ottersen

Infill Drilling – Oslo

Procurement Manager

Thor-Christen Lomsdal 1)

Topside Campaigne / Other Major Projects – Stavanger

Procurement Manager

Egil Johannessen

Minor Modifications – Kristiansund

Procurement Manager

Gunnar Settemsdal 2)

Supplier pre-qualification

Jon Corneliussen

Gustav Jensen

Odd Dysvik

Sustainable Development /

Local Content

Kåre Kvanli

Upgrade Project – Harstad

Procurement Manager

Kåre Kvanli 3)

© 2

010

7

Locations / Execution

Minor modificationsOperational support

Warehouse activititesFabrication

Upgrade Project (future centre of gravity) and discrete elements of other/future projects

Infill DrillingUpgrade Project (start-up)

Portfolio management

Topsides Campaign (management and seleected building blocks)

Portfolio managementDesign Integrity

Construction Management

FabricationConstruction resources

Draugen

Installation and completion

Topsides Campaign (seleected building

blocks)

Minor mods, Hva skjer i Kristiansund ?

Aibels kontor i Kristiansund sysselsetter i dag ca 200 personer

Vi har to kontrakter :

Statoil V&M, installasjonene Njord A og B. Siden 1998

Industriveien (leid lokale, tidl. Statoil)

Shell EPCM, Draugen Minor Modifications

Melkvikan

Aibel Kristiansund works with design and project management on the Statoil operated Njord field.

Aibel Kristiansund has performed studies, maintenance and modification at the field since 1997.

The Kristiansund office is now working with Aibel Stjørdal on a new and exciting field that is to be connected to Njord. The field is called Nordvestflanken and Aibel Kristiansund is responsible for modification and adjustment of the Njord platform.

Aibel Kristiansund's 42 000 square metre facility is located five kilometres from the centre of Kristiansund. The facility is centrally located between the airport and the city. It is also closely tied to the Vestbase supply base.

Aibel Kristiansund is expanding fast. From the summer of 2010 and to the end of that year, the branch received more than 250 applications from people wanting to work for the company.

Location Manager Eli Lossius Grødal describes the office as a secure and good work place with a good work environment. Aibel Kristiansund gets positive feedback from people wanting to work for us. We are a growing company in a small city.

Contact

Facts

Kristiansund

Aibel ASDalegata 71N-6516 KristiansundNorway

Tel.: 08527Tel. Int'l: (+47) 85 27 00 00Fax: (+47) 71 68 37 01

Location ManagerEli Lossius Grødal

Employees: 200

LocationAibel's facilities arelocated three + fivekilometres from thecentre of Kristiansund

Largest assignmentNjord - IndustriveienDraugen - Dalegata

Topsides Campaign (Living Quarter Extension / Life boat upgrade)

Draugen Upgrade – High Urgency items

Project Item Description Status

Lift Upgrade (K12W01)

The current Alimak lift has a lot of downtime due to reliability issues and unavailability of spare parts due to obsolescence. It will be replaced by a wirelift at the same location, with a bigger lift cart to accomodate scaffolding. The current aim is to install in 2015.

EPC to start in Harstad in June.

Flow Computer Replacement

Obsolescence of flow computers; oil export, gas export, fuelgas, flare gas, etc. O2 analyzer and backup Gas Chromatograph required to honor current agreement with Gassco (not fulfilled today). Stand-alone units will be integrated.

Awaiting FEED

Fire Loop Switchover

LQ fire panel has reached end of design lifetime. The ALQ project will install a new firepanel, while Upgrade will switchover the fire loop in the current LQ to the new fire panel once it´s in operatio.

Awaiting FEED

Drinking Water Upgrade

The drinking water is currently supplied from onshore via supply vessels. Current issue is supply reliability during bad weather, quality of supplied water, storage tank with contamination issues.

Awaiting kick-off Concept study.

HMI Upgrade

Obsolescence of HMI and and screens. New HMI also required to accomodate upcoming projects; Infill, ALQ, Linnorm. This to avoid running 2 separate systems in the control room.

Concept study ongoing.

Dewatering Pump Replacement

Currently using one secondhand pump, original design requires 2 new pumps. Previous secondhand pump broke down earlier this year. If not addressed the outcome would be a high corrosion rate in the GBS. Aim is to install in 2014.

FEED started in May.

Replace CO2 system

Strong recommendation from PSA to replace CO2 firefighting systems with other means (water mist, etc.) A plan for replacement will also be important when it comes to the Lifetime Extension Application to PSA

Technical note has previously been developed by Aker.

Diesel System

Due to forecasted fuel gas deficiency from October 2013, the diesel system will be used at times in continuous operation while it was designed as a back-up solution. Some parts, like the diesel centrifuge must be replaced to ensure sufficient reliability even only as a back-up system

Concept study ongoing. FEED to start Q4 2013.

Crude Oil Level Measurement

There is only 1 transducer left pr. cell that is functioning, these are attached to the cell wall and can only measure 75% of the cell storage. If these should stop functioning the cell will have to be closed and the crude oil capacity at Draugen will be reduced. Aim is to install in 2014 (also dependant on Infill U2H)

Will have a meeting with the original designer of the system to brainstorm around ways of handling the upgrade.

Minor mods, Hva skjer i Kristiansund ?

Ihht kontrakt så skal Monor Mods levere :

“CONTRACTOR shall have an established organisation in Kristiansund with capacity

and competence to deliver all aspects of the Scope of WORK for MINOR

MODIFICATION projects, including the FEED phase.”

Prosjektene i minor mods portefølje varierer fra enkle singeldisipline prosjekt til store

kompliserte prosjekt.

Shells driftsorganisasjon og prosjektledelsen for minor mods sitter i Kristiansund, og

det meste av møtevirksomheten vår foregår derfor lokalt.

Minor mods bruker Project Execution Process “MMO frame agreement” i W3,

på samme måte som Statoil V&M.

Minor modifications, Prosjekter■Shut Down 2013, 10.9. – 18.10.

■ 7 prosjekter er gjennomført; Test- & Prod. Manifold, Turndown, Carcass Bleed, Flare Tip

Grating, Helideck Drain (temp), Condensate Stripper, Knockout Drum

■350331 Helideck Drain, installeres etter at Living Quarter er på plass

■350303 Deluge (brannslukkingssystem)

■ Prosjekt med carry over work fra Aker

■ Noe installasjon høst/vinter 2013, Planlagt installasjon i 2014

■ 15 kabinetter + kabling/piping

■350338 Dry Gas Dewpoint

■ Analysekabinetter, installeres våren 2014

Minor modifications, Prosjekter■350304 Turbine Nodes, Siemens

■ Programmering, noe utstyr?

■350320 New UPS, Feed Study

■ Shell må velge konsept, eksisterende rom, ny modul, endre modul….

■ Bruk av Shell Frame Agreement

■350332 Oil Mist from Turbines

■ Routing avtrekk, vifte, signal – problem mht hydrokarboner

■Ca 10 andre prosjekter, noen med carry-over scope

■ Magnetrol replacer, Grating

Takk for oppmerksomheten