CANTILEVERED WELL INTERVENTION AND WORK-OVER SOLUTIONS

US-Norway Technology Conference│ March 1, 2017 │Houston

AGENDA- cantilevered solutions

• Company introduction

• Who we are

• What we do

• Well Intervention and Work-Over operations

• The challenge

• The solution

• The way forward

DWELLOP AT A GLANCE- who we are

• Independent technology company delivering topside

handling equipment for well intervention and work-

over operations

• A new company with a long history and high

ambitions

• Established in February 2014 as a result of an MBO

DWELLOP AT A GLANCE- what we do

• Specializes in design, engineering and delivering of smart equipment for well intervention

and work-over operations

• Deliverables range from simple coiled tubing and wireline equipment to complex work-

over rigs

• Focusing on smart solution; safe and efficient.

THE CHALLENGE

THE CURRENT SOLUTION

THE GLOBAL O&G MARKET- setting the scene

• Fall in oil price

• Aging offshore oilfields

• Depletion of oil reserves

• Focus on cost and cashflow

• Focus on IOR

THE WELL INTERVENTION MARKET- unlock the full potential of wells

• Reduce cost

• Increase efficiency

• Increase safety

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THE WELL INTERVENTION MARKET- specific challenges for well intervention and work-over operations

Platform limitations

• Available Deck Space

• Load capacity of structure

• Limited lifting ability (if any)

Weather conditions

• Ability to lift equipment from vessel to platform

• Ability to transfer personnel to platform from vessel

• Ability to transfer personnel from Crew boat to vessel

THE WELL INTERVENTION MARKET- the current solutions was the challenge

THE WELL INTERVENTION MARKET- a viable solution?

THE SOLUTION

INCREASED OPERATIONAL EFFICIENCY AND SAFETY AT REDUCED COST

OUR BIGGEST CHALLENGE- the current solutions was the challenge....

THE VALUE PROPOSITION- increased operational efficiency and safety at reduced cost

A SUCCESS STORY- and a gamechanger

ENABLING TECHNOLOGY- adding value to our client

GMS EVOLUTION- ready for operations Q2-2017

THANKS FOR

YOUR ATTENTION