GreyStar CorporationCorporate Profile

• Founded February 1995

• Tennessee Gas Pipeline: O & M of the largest pipeline system offshore the USA.

• Shell / BP “Western Gas,” Gulf of Mexico; first collaboration by two major oil companies to reduceoperating costs by using the same contractor in a select geographic area.

• Petrozuata (Conoco): GreyStar’s first international project which led to it becoming largest contractoperating company in Venezuela.

• Shell Nakika, GreyStar provided Operational Readiness for this Deepwater Gulf of Mexico megaproject that produced many “firsts.”

• Sabratha Platform for Eni: General Maintenance Services contract offshore Libya; first contract of thistype awarded to U.S. company since normalization of relations between U.S. and Libya.

• Pemex “System 1:” Ten-year contract to upgrade and maintain an offshore crude gathering,metering, pipeline, marine terminal and crude export system that handles 63% of all Mexico’s crudeoil production.

GreyStar’s Milestones

GreyStar is responsible for the management, supervision, operation, maintenance and/or support of:

GreyStar’s Responsibilities

46 Offshore Fields

223 Offshore Platforms

115 Onshore Fields

5,216 Oil and Gas Producing Wells (On and Offshore)

21 Gas Processing Plants and Treating Facilities

2.47 BCF/Day Gas Production

1,180,000 BPD Oil/Condensate Production

339,000 BHP Total Horsepower

3,150 Miles of Pipelines

1,850 MW Electric Power Generation

10.6 BCF Gas Storage

Operations Readiness

• CMMS Data

• Asset Register Specification

• Tag Numbering Philosophy

• Planned Maintenance System

• Availability Studies (R.A.M.)

• Risk Based Inspection Model

• Equipment Standardization Plan

• Spares Analysis and Requirement

• Spares Management System

• Operating, Maintenance and Training Procedures

• Operations Personnel Training and Competency Program

• Procurement Requirements for Operations

• Logistics Support to Operations

• Factory Acceptance Tests

• Input to Commissioning

• Commissioning Acceptance Strategy

• Emergency Response (Offshore and Onshore)

• Corrosion and Erosion Monitoring Program

• Isolation Strategy

• Operational Readiness Deliverables Schedule and Planning

• Operations Philosophy

• Maintenance Philosophy

• Mechanical Integrity Philosophy

• Operations Manning Philosophy

• Operations Personnel Resource Matrix

• Information Management Strategy and System

• Operations Reporting Requirements and Systems

• Basis and Format of Procedures

• Environmental Policy

• Environmental Impact Assessment

• Input to Design

• Input to HAZOPS, etc.

• Input to Safety Case or equivalent

• Maintainability Studies

• Operability Studies

• Maintenance Management Plan

Typical Operational Readiness Deliverables

Technology Transfer, Training & Competency Assurance

TheTransfer ofTechnology entails the following elements:• Determination of the skill-sets required (Job Descriptions)

• Assessment of the skill levels available

• Training Needs Analysis (“Gap Analysis”), culminating in thedevelopment of a detailed Training Plan

• Development of the training materials suitable to the personnelavailable and the environment

• Implementation of the Training Program

• On-going assessment of the abilities of the trainees to do theirjobs, (Competency Assurance)

• Continuous evaluation of the program to assess its effectiveness

The features of GreyStar's Competency Assurance and training program methodology and approach are described in theremainder of this presentation.

It should be emphasized, however, that any training program must be tailored to meet the specific goals and objectives ofthe owner and must take into consideration the complexity and operating environment of the project, as well as the levelof competence of the available personnel.

Technology Transfer

Assessing Individuals• Using Techniques such as

Questions and Answer, On the Job Demonstration and reference to Previous Work Experience. Determine the skills and knowledge of the individuals in each of their roles.

Identify Gaps•Apply the results of the assessments to the role template to identify ‘Gaps’.•Identify areas where training needs to be applied.

Define Ways to Deliver Training•From the Gaps analysis, determine training requirements.•For example, Safety, Vendor, Project System Specific, Regulatory Training.•Training may be Computer Based Training, Onsite or Offsite.

Scheduling•Scheduling the training involves taking into account:•Project Workload Conflicts. – When is it possible to release an individual.•Renewal of Regulatory Certification. – Is the renewal of certification a higher priority?•Personal Schedule. - Conflicting individual schedule.•Facilities Availability.

To facilitate the training, consider the following:•A Buddy System, Trainer / Mentor•The Trainees and Location.•The Location, which could be On or Offsite and whether any Hardware/Equipment or Software are required.

Competency Assurance Program (CAP)

Health, Safety & Environment

Onshore Operations

Project: PEMEX System One (Region Marina Suroeste)

Term: Project began 2009, 10 year term

Location: Onshore / offshore Mexico in states of Tabasco and Campeche

Description: Crude oil gathering, conditioning and blending for transportation to refineries within Mexico or for international export.

Heavy Mayan crude is gathered offshore and pumped to the marine terminal at Dos Bocas. Light crude is also pumped to the terminal from onshore fields. Conditioned, blended crude is pumped to refineries or is exported from Dos Bocas or from the offshore export facility, Cayo Arcas.

These facilities handle 63% of Mexico’s crude oil production.

Client: Pemex Exploración y Producción

Offshore Operations

Client: ATP Oil and Gas

Project:Titan, Deep Water

Began: 2009

Locations:

Gulf of Mexico Blocks: Atwater Valley 63 and Mississippi Canyon 941 &942

Scope: Provide Operations personnel for the operation andmaintenance of the Titan Deepwater production facility. This project isunique in that operations personnel will double as USCG MarineLicensed personnel

The classification of personnel being provided to the project include:

• Lead Operator/Offshore Installation Managers

• Barge Supervisors

• Ballast Control Officers

• A, B, C Operators

• Systems Specialists

• Maintenance Specialists

The ATP Titan project, a deepwater dry tree platform, is the first of itstype to be used in the Gulf of Mexico. It is a self contained floating drillingand production triple-column spar structure. This versatile deepwateroperating concept, comprised of three columns linked by pontoons, offershigher variable load capacity and enhanced stability over traditional single-hulled spars.

Project: Gulf of Mexico Offshore Shelf PropertiesOperations and Maintenance

Began: 2006

Gulf of Mexico Locations: Ship Shoal 358/9-Platform Loop, South Timbalier 77/3-Platform Loop,East Cameron 299/14-Platform Loop, West CameronA589, Eugene Island Loop, and Lady Bug GB-409.

Scope:

•Provide Operation and Maintenance personnel tomaintain production.

•GreyStar personnel operate new world record forthe Longest Subsea Oil Tieback at ATP’s Ladybug wellsin Garden Banks Block 409.

Client: ATP Oil and Gas