ENGINEERING, PROCUREMENT & CONSTRUCTION MANAGEMENT

ENGINEERING, PROCUREMENT & CONSTRUCTION MANAGEMENT Petrofac Engineering & Production Services

Petrofac at a glance Services for every stage of your project life cycle International oilfield services provider Established 1981 19,000 people OPERATING FOOTPRINT HOUSTON VILLAHERMOSA CORPORATE SERVICES MAIN OPERATIONAL CENTRES OTHER OPERATING LOCATIONS 30 countries Delivering life of asset services Helping our clients to unlock value from their oil and gas assets ATYRAU MOSCOW BUCHAREST ABERDEEN WOKING LONDON MILAN ALGIERS TUNIS KHOBAR Petrofac has a long history and significant track record in the execution of Engineering, Procurement and Construction (EPC) and Engineering, Procurement and Construction Management (EPCm) projects. Our experience of both EPC and EPCm gives us an exceptional understanding of project life cycles and enables us to deliver projects that are safe and technically robust. Our extensive capability of contractor and supply chain management and significant procurement strength underpins our operational delivery. Our flexible approach to execution offering both lump-sum and reimbursable models enables us to better align to the needs of our clients. As such, our EPCm capability is designed to support projects which may require schedule acceleration, are less well defined at the outset or where more client involvement and control is required. BAKU SHARJAH ABU DHABI MUSCAT DOHA BASRA AHMADIA MUMBAI CHENNAI BRISBANE ASHGABAT BISHKEK SAKHALIN BEIJING SEOUL DELHI BANGKOK KUALA LUMPUR SINGAPORE Our teams work with our clients at the earliest stages of a greenfield development or brownfield project to help refine the project scope and select the most advantageous delivery methodology. This can include: concept development; front end engineering design; technology selection; a fit-for-purpose execution model, and where appropriate, the formation of value-adding partnerships. As your trusted delivery partner we provide: project management, procurement, logistics and fabrication management, construction management, safety and quality management, commissioning and start-up services. We can scale our delivery capability in order to manage projects of all sizes either on a standalone basis or in partnership. Our ability to partner effectively means we can combine complementary skills, experience and capabilities, including technology and co-financing, to deliver enhanced value outcomes for our clients. Petrofac s EPCm team is focused on always delivering safe, quality projects which are aligned to our clients key business drivers. OUR CAPABILITIES SUPPORT A WIDE RANGE OF OIL AND GAS ACTIVITIES: Oil and gas gathering and production facilities Crude separation/stabilisation Gas processing/compression, LPG/NGL Tail gas and sulphur recovery units Oil terminals and pumping stations Flowlines and pipeline systems Refining Petrochemical Utilities and offsites Metals and mining OUR SPECIALIST EXPERTISE AND SERVICE DELIVERY INCLUDES: Engineering, procurement and construction management services Full field development consultancy including technical, commercial and risk studies Value engineering, operability and operational enhancement studies Process engineering and flow assurance Project analysis: costs, schedules, quality and risk management Health, safety and environmental studies Petrofac s EPCm team is focused on always delivering safe, quality projects which are aligned to our clients key business drivers. 2 3

Differentiation through EPCm Seven stages of our safety journey Our EPCm model aligns to the needs of our clients who are looking for flexibility and transparency, particularly if a project lacks initial definition. It also requires less cost contingency to be built in at the early stages of a project. This mitigates risk and provides our clients with more control of the outcomes of their HSE, design, procurement, construction and reporting. EPCm also gives more flexibility in procurement. From our network of over 400 professionals, with a collective procurement spend in 2015 of US$3.2 billion, we have the expertise and detailed knowledge required to recommend and implement the right solution for your project at the most competitive price. Effective delivery starts with safety. At Petrofac we re on a journey towards achieving an interdependent safety culture where everyone associated with our operations takes ownership and responsibility for safety. We believe this will effectively support our safety vision of achieving Horizon Zero; an injury free future. Safety Seven is the mechanism through which we manage safety awareness and performance across all our EPC and EPCm projects. Safety Seven directly addresses the key risk areas at site. As well as providing the relevant tools and guidance required for an effective safety programme, importantly it is also designed to change behaviours. Safety Seven is mandatory and includes: Contractor Management HSE Boot Camp Supervisor Competency Assessment Petrofac Assurance Index Short Service Employee Programme Stop, Think, Evaluate, Perform Driving Safety The programme has delivered proven results across our projects and is enabling our teams to take much more personal responsibility for safety. Project schedules can be accelerated by several months within an EPCm model, when compared to an EPC approach. We can also offer a blended approach to delivery through combining the respective skills and capabilities from our engineering centres worldwide, including high value engineering centres, to optimise project budgets. Being driven to deliver is in our DNA. When you engage Petrofac to support your project you can expect to receive first class delivery, which is safe and aligned to your strategic objectives. OUR APPROACH IS UNDERPINNED BY: Clear alignment to the goals and objectives of our clients A flexible approach A relentless focus on maintaining high HSSE standards and safety culture Robust planning and project controls An engaged, competent and experienced team Deep market knowledge and experience to leverage smart procurement and materials management A transparent approach that eliminates rework and adds value An EPC approach to EPCm projects Being driven to deliver is in our DNA. When you engage Petrofac to support your project you can expect to receive first class delivery, which is safe and aligned to your strategic objectives. INTERDEPENDENT SAFETY CULTURE THE JOURNEY TO HORIZON ZERO DEPENDENT INDEPENDENT INTERDEPENDENT Individual compliance is the focus. It moves beyond compliance; safety is a priority. Teams are committed to common goals; safety is a value. 100% INJURY FREE 4 5

An integrated approach to delivery Value adding engineering services across the entire life cycle IDENTIFY APPRAISE SELECT DEFINE EXECUTE COMMISSION Our influence and support at the concept and define stages enables us to develop solutions that can: Lower CAPEX Lower OPEX Improve EPCm schedule Improve safety and operability 100% OPPORTUNITY TO INFLUENCE VALUE 0% SELECT DEFINE FEED PROJECT PROCESS Feasibility Studies demonstrate technical and economic feasibility Concept select best option(s) and define further FEED phase enable project sanction Field development planning Concept screening and definition studies Early/front end engineering design, including focus on long lead items DD EPCm ENGINEERING Our extensive track record is supported by effective technical guidelines, procedures and software Our engineering and estimating interfaces are designed to ensure cost estimating integrity PROCUREMENT Our procedures and controls ensure expenditure is optimised through negotiation skills, vendor relationships, market knowledge, service contracts and our sourcing experience Our supply chain and procurement network is extensive Our significant annual procurement spend can deliver an optimised buying strategy for our clients An ethical and cost effective approach to procurement ensures we maximise local content, underpinned by robust business practices Integrated management system delivery PETROFAC CLIENT INTEGRATED SOLUTIONS COST CONTROL MANAGEMENT OF CHANGE CONTRACT JOB CARD CTR MANAGEMENT CASH FLOW E-SAP PURCHASING PLANNING PLANNING Petrofac has been recognised as being 'best in class' for project delivery in the Middle East for the last five years. PROPRIETARY SYSTEMS TIME SHEET PROCUREMENT PPCS WORK DELIVERY MATERIAL CONTROL DOCUMENT CONTROL ENGINEERING SYSTEMS DOCUMENT CONTROL COMPLETIONS PROJECT CONTROLS We combine external software with customised applications to deliver fully automated project control systems There is no requirement for manual interventions Our system interfaces are customised in line with each client s specific IM plan to provide flexibility and transparency PROJECT MANAGEMENT Our EPCm teams are led by highly skilled and experienced Directors and Managers Our teams are supported by well-established and proven project management procedures and fully integrated and automated project management tools Petrofac has been recognised as being 'best in class' for project delivery in the Middle East for the last five years CONSTRUCTION MANAGEMENT Our EPC-led approach creates a construction-driven engineering and procurement schedule in our EPCm model Our highly capable and skilled teams are selected from an experienced pool with lump-sum turnkey and EPCm delivery experience More than 30 years of subcontractor management ensures we pick the right people for the job and manage them accordingly INFLUENCE CURVE INFLUENCE OPPORTUNITY 6 7

A track record for adding value Petrofac has completed over 200 EPC and EPCm projects in both mature oil and gas markets and emerging economies in our industry. Within our projects we aim to support local business development and create sustainable operations which provide long-term value for our clients and the regions where we operate. BUILDING IN COUNTRY VALUE IN OMAN Our strong heritage in Oman dates back to 1988. During this time we have delivered both EPC and EPCm projects. We are currently delivering: Khazzan gas field project Yibal Khuff project Rabab Harweel integrated project Sohar refinery improvement programme Vocational training facility (in partnership with Takatuf Oman) In total these projects have a combined value of circa US$5 billion. PETROLEUM DEVELOPMENT OMAN RABAB HARWEEL INTEGRATED PROJECT (RHIP), OMAN Value: US$1.2 billion Start date: Q2 2014 End date: Q4 2018 Services: Detailed engineering, and construction and commissioning management support services on a reimbursable basis, and procurement services on a reimbursable pass-through basis Resourcing: Over 500 Petrofac employees at peak across our various sites, hosting 70 PDO employees in our Sharjah offices We directly employ around 600 staff at our Muscat engineering office and project sites. Nearly half are Omani nationals. SHELL MAJNOON FIELD, SOUTHERN IRAQ Value: In excess of US$240 million Start date: Q2 2010 End date: Q4 2012 Services: FEED, engineering, procurement, fabrication and construction management services Resourcing: 550 employees (direct and indirect peak manpower) We are committed to supporting the Oman economy and Omanisation goals. We directly employ around 600 staff at our Muscat engineering office and project sites. Nearly half are Omani nationals. In addition, more than 14,500 people are employed through our contractors and work on our sites, including a high percentage of Omani nationals. PETROLEUM DEVELOPMENT OMAN YIBAL KHUFF, OMAN Value: Circa US$900 million Start date: Jun 2015 End date: Dec 2019 Services: Detailed engineering, and construction and commissioning management support services and procurement on an incentivised pass-through basis Resourcing: 650 employees (estimated average manpower) 8 9

Partnering for success Your EPCm partner of choice We believe working in partnership can deliver enhanced value outcomes. LEVERAGING OUR MIDDLE EAST STRENGTH INCREASES VALUE Experience, capability and track record spanning three decades and 200 projects On upstream we have partnered for projects of scale and in downstream we have aligned with companies with complementary experience, including technology. As a result we have been able to enhance our project portfolio and develop new capabilities and track record. For partnering to be successful it has to be mutually advantageous. In markets where Petrofac has inherent operating strength and market knowledge we blend these attributes with our partner s skills and differentiators to deliver a seamless and integrated project. In the UAE, we are working in partnership with Bechtel Mining and Metals and a licensor, to deliver a greenfield alumina refinery project in Abu Dhabi which will have an initial capacity of 2.0 million tonnes per annum. The Al Taweela project brings together the skills of our respective organisations. Whereas Bechtel is a global leader in mining and metals projects, Petrofac has deep experience of working in the UAE we know the local supply chain and we know how to deliver large, demanding projects in challenging climates. The project, which we are undertaking for Emirates Global Aluminium, commenced in 2013 and is scheduled for completion in 2018. More than 170 Petrofac personnel are located at the Abu Dhabi project office and are supported from our high value engineering centre in New Delhi. World class HSSE approach to onshore site safety and contractor management supported by our Safety Seven principles We embody an EPC mentality throughout our EPCm projects, ensuring a construction-driven approach which is focused on minimising risk and maximising schedule at each key stage Flexible, transparent approach to delivery in alignment with your project drivers A one-team approach that helps drive down cost through the sharing of resources and reduction of risk Our market knowledge and deep operating capability enables us to leverage our extensive procurement and significant subcontractor management capability Petrofac has deep experience of working in the UAE we know the local supply chain and we know how to deliver large, demanding projects in challenging climates. 10 11