rightPEOPLErightASSETSrightEXPERIENCE

Addressing unique deepwater challengessafely, competitively and on schedule

Challenge SURF Alliance offers

¢ High cost base u Fresh new competitor with a flexible and innovative contracting approach

¢ Deeper waters u Top end pipeline installation capability across all lay types (S-Lay, J-Lay, Reel Lay and Flex Lay)

¢ Remote locations u Modern, fast transit assets with multiple capabilities avoiding unnecessary transits

¢ Larger and heavier infrastructure

uVary large craneage and deepwater lowering capability

¢ Increasing local content requirements

u Established local content positions and extensive experience in achieving and maximising local content goals

¢ Larger high risk developments with multiple interfaces

u Experienced EPCI contractors capable of major scope with minimal interface risk

As a leading offshore and subsea EPCI contractor, McDermott has an established track record of delivering complex, subsea projects with a diversified fleet of specialty marine construction vessels and global fabrication capabilities. Expected to join the fleet in 2016, the Derrick Lay Vessel DLV2000 is a combination heavy lift and pipelay vessel with a 2,000-ton crane ideal for installation, maintenance and decommissioning projects.

Petrofac brings a strong track record of delivering large and complex EPC projects both onshore and offshore, and a commitment to rapidly develop into the SURF market with its investment in the Petrofac JSD6000, a first class SURF installation vessel with superior J-Lay, S-Lay, heavy lift and deepwater lowering capabilities.

Petrofac JSD6000 complements McDermott’s fleet of vessels, offering top-tier functionality for a wide range of ultra-deepwater pipelay, subsea lowering and above surface construction work, through its combined J-lay, S-lay and ultra-heavy lift capabilities.

Our SURF alliance leverages the complementary capabilities and experience of both companies and offers a compelling integrated solution that has the scale and credibility to competitively deliver complex and challenging deepwater projects safely, on time and within budget.

WHY CHOOSE THE MCDERMOTT-PETROFAC SURF ALLIANCE FOR YOUR PROJECT?

RIGHT PEOPLE A WORLD-CLASS TEAMDriving high performance, across the Alliance, we have some of the finest talents in the industry with extensive experience of delivering challenging deepwater SURF projects.

Underpinned by respective strong cultures and heritage, our employees understand and live by our values. These qualities, combined through our Alliance, present a compelling and powerful team, to deliver your project safely, on time and within budget.

RIGHT EXPERIENCE A TRACK RECORD YOU CAN TRUST

Government of Nova ScotiaDevelopment studies 'confidential'Water depth, 2,000 metres

BPACG full field development – phase 1 pipelinesCaspian Sea pipelinesWater depth, 180 metres

EnquestDon Area DevelopmentUKCSWater depth, 170 metres

PETROBRASCottonwood field subsea tiebackGulf of MexicoWater depth, 655 metres

INPEXIchthys gas condensate subsea field developmentWestern AustraliaWater depth, 275 metres

Murphy Sabah OilSiakap North – Petai Block K, Sabah, MalaysiaWater depth, 1,188 – 1,494 metres

PETRONASBerantai gas field development MalaysiaWater depth, 60 metres

BHPMacedonWestern AustraliaWater depth, 180 metres

CHEVRONJack and St. Malo subsea fabrication and installationGulf of MexicoWater depth, 2,180 metres

PEMEXLakach developmentPMC contractGulf of MexicoWater depth, 1,000 metres

Offshore Brazil1,500 vessel days1,000 km flexible pipelines installed and/or recoveredWater depth, 2,500 metres

Together, through the Alliance, we will predominantly pursue and deliver EPCI projects in the Atlantic region offering a range of innovative and commercial solutions to bring your project on stream.

Our map represents just a snapshot of our recent experience to give you confidence in our international capability and reach.

We can execute projects of any magnitude, from the smallest through to mega projects, in deep and ultra-deep water.

Together, we are adding new value to the offshore market

RIGHT ASSETSA WORLD-CLASS MARINE FLEET

NO102 Flex-Lay

DB50 Heavy Lift

Thebaud SeaDive/Construction Support

CSV108 Flex-Lay

Emerald SeaDive/Construction Support

I-650 Launch & FloatoverI-600 Launch & Floatover

Agile Flex-Lay

DLV2000 Rigid Pipelay & Heavy Lift

DB27 Pipelay & Lift

DB32 Pipelay & Lift

LV105 Rigid & Flex-Lay

DB30 Pipelay & Lift

JSD6000 Rigid Pipelay, J-Lay, S-Lay & Heavy Lift

DYNAMICALLY POSITIONED

MOORED

McDermott Petrofac

n Established in 1923, to build 50 wood drilling rigs in Texas, USA

n Established in 1981, as a producer of modular plant in Texas, USA

n Proven track record with more than 90 years as an engineering and construction company serving the upstream offshore oil and gas sector, pioneering the engineer, procure, construct and install (EPCI) business model

n Leading provider of oilfield services to the international oil and gas industry for over 34 years, predominantly focused on EPC/EPCI delivery for both offshore and onshore assets

n Operating in more than 20 countries worldwide

n Operating in 29 countries with 31 offices worldwide

n More than 13,000 employees n Around 20,000 employees

n Listed on the New York Stock Exchange (NYSE) since 1958

n Listed on the London Stock Exchange (LSE) since 2005

AT A GLANCE

150121© 2015 McDermott International, Inc and Petrofac International Ltd. All rights reserved

The information contained herein is provided for general information purposes only and is not intended or to be construed as a warranty, an offer, or any representation of contractual or other legal responsibility. McDermott/Petrofac has a policy of continuous improvement of its products and services and reserves the right to change information including specifications and processes without notice.

FIND OUT MOREHow can we help YOU deliver your project?marketing@petrofac.combusiness.development@mcdermott.comwww.mcdermott.com | www.petrofac.com