Successful Fast Track Deepwater Project. Sanction to Production in 16 months. Ability to Expand to 6 Wells. Currently Working on Increasing Capacity

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1 Gomez Development Lessons Learned Successful Fast Track Deepwater Project Sanction to Production in 16 months Ability to Expand to 6 Wells Currently Working on Increasing Capacity Current Deepwater Development favors Dry Trees 1

2 Key Features Gross Proved Reserves: ~100 Bcfe Gross Probable Reserves: ~40 Bcfe ATP Working Interest: 100% Planned Wells: 3-4 2

3 Development Considerations Lack of Nearby Infrastructure Multiple Pay Horizons Short Field Life Cost/Availability of Deepwater MODU s Presence of Satellite Discoveries 3

4 MinDOC Platform Draft 430 ft Displacement: 61,300 ST Lightship: 17,900 ST Max Payload: 12,000 ST Heave 100 yr: 8 ft Pitch/Roll 100 yr: 9 deg 4

5 MinDOC Design Advantages Three Columns vs One Column Build in Shipyard or Fab Yard Distributed Waterplane Area enhances Stability Smaller Cylinders reduce VIM Excellent Motion Characteristics High Topsides Payload/Hull Weight Ratio Provides Dry Trees Can be Easily Relocated 5

6 MinDOC Design Features Central Access Trunk for Piping & Pumps No Sea Chests/No Hull Penetrations Fail Safe Ballast System Dry Access for Critical Component Inspection Hydraulic Top Tension Risers supported by Hull 6

7 MinDOC Design Features Central Access Trunk for Piping & Pumps No Sea Chests/No Hull Penetrations Fail Safe Ballast System Dry Access for Critical Component Inspection Hydraulic Top Tension Risers supported by Hull 7

8 MinDOC Platform 8

9 MinDOC Platform 9

10 MinDOC Platform Assembly 10

11 MinDOC Hull Quarter Can Assembly 11

12 MinDOC Platform Assembly 12

13 MinDOC Hull 20 ft Access Trunk 13

14 MinDOC Hull Half Can Assembly 14

15 MinDOC Hull Half Can Assembly 15

16 MinDOC Hull Half Can Assembly 16

17 MinDOC Hull Half Can Assembly 17

18 MinDOC Platform Assembly 18

19 MinDOC Hull Lower Pontoon 19

20 MinDOC Platform Assembly 20

21 MinDOC Platform Assembly 21

22 MinDOC Platform Assembly 22

23 MinDOC Platform Assembly 23

24 MinDOC Platform Assembly 24

25 MinDOC Platform Assembly 25

26 MinDOC Platform Assembly 26

27 Graving Dock 27

28 Graving Dock 28

29 Graving Dock 29

30 MinDOC Hull in Graving Dock 30

31 MinDOC Hull in Graving Dock 31

32 Mooring Design Considerations Polyester Taut Leg System Cheaper than all steel Reduced vertical mooring load Better offset performance Compact mooring radius Seabed Hazards Faults & Escarpments Installation Considerations Use either Anchor Handler or Construction Vessel Use subsea connectors for phased installation Driven piles due to design loads 32

33 Mooring Pattern 33

34 Mooring Line Configuration 34

35 Mooring Pile Padeye Castings 35

36 Mooring Chain Fairlead Components 36

37 SCR Profile and Flex Joint 37

38 SCR Flex Joint 38

39 SCR Flex Joint 39

40 SCR Flex Joint Components 40

41 Comparison of Metocean Conditions MPH or FT Hr Wind Max Wave 100 YR Hurricane - All Months 100 YR Hurrican w/o Aug - Oct 100 YR Winter Storm 41

42 21 in, 14 in, 10 ¾ in Stress Joints 42

43 General Drilling Configuration 43

44 Schedule Begin FEED: Sept 2006 Begin Hull Fab: Jan 2007 Hull Floatout: Aug 2008 Topsides Installation: Oct 2008 Commence Platform Rig Ops: Dec 2008 First Production: 1Q

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