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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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

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

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

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

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

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

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

MinDOC Platform 8

MinDOC Platform 9

MinDOC Platform Assembly 10

MinDOC Hull Quarter Can Assembly 11

MinDOC Platform Assembly 12

MinDOC Hull 20 ft Access Trunk 13

MinDOC Hull Half Can Assembly 14

MinDOC Hull Half Can Assembly 15

MinDOC Hull Half Can Assembly 16

MinDOC Hull Half Can Assembly 17

MinDOC Platform Assembly 18

MinDOC Hull Lower Pontoon 19

MinDOC Platform Assembly 20

MinDOC Platform Assembly 21

MinDOC Platform Assembly 22

MinDOC Platform Assembly 23

MinDOC Platform Assembly 24

MinDOC Platform Assembly 25

MinDOC Platform Assembly 26

Graving Dock 27

Graving Dock 28

Graving Dock 29

MinDOC Hull in Graving Dock 30

MinDOC Hull in Graving Dock 31

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

Mooring Pattern 33

Mooring Line Configuration 34

Mooring Pile Padeye Castings 35

Mooring Chain Fairlead Components 36

SCR Profile and Flex Joint 37

SCR Flex Joint 38

SCR Flex Joint 39

SCR Flex Joint Components 40

Comparison of Metocean Conditions 120 100 MPH or FT 80 60 40 20 0 1 Hr Wind Max Wave 100 YR Hurricane - All Months 100 YR Hurrican w/o Aug - Oct 100 YR Winter Storm 41

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

General Drilling Configuration 43

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 2009 44