TechnipFMC in Norway

Ove Magne Kallestad

Vice President Subsea Services Norway & UK

Company Presentation| 2

2,850Employees

40 yearIndustrial history in Norway

11,5 Billion NOK

Turnover in Norway

2,8 Billion Nok from

100 local suppliers

Company Presentation| 3

TechnipFMC in Norway

Florø (20)

Bergen

Haugesund

600

20

300Stavanger

10Orkanger

500Lysaker

1350Kongsberg

Kristiansund 50

Company Presentation| 4

Delivered to key projects in Norway

Ormen Lange

Åsgard Statfjord

Snorre Ekofisk

Company Presentation| 5

Capacities on the different locations linked to Operations

Ågotnes Kristiansund Florø Haugesund

Services Center▪ Refurbishment of installable

equipment▪ Recertification of WOS▪ Add On assembly and test▪ Test Center (4 x pits

w/control rooms▪ Welding and machining

services▪ Base management

Operational Support▪ Mob/demob workshop▪ Refurbishment of FCMs▪ Technical Support▪ Logistics▪ Base facilities

Operational Support• Mob/demob workshop

PRS JV Pipeline Repair Systems•Equinor facilities•Fully integrated support team on site

Company Presentation| 6

▪ Flexible and cross trained operators

▪ Advanced multifunctional milling

▪ Complex designs like valve blocks, pup pieces, pulling heads

Welding and machining center

▪ Flexible and cross trained operators

▪ Refurbishment of installable equipment

▪ Recertification of workover systems

▪ Operational support

▪ Assembly and test of Add On equipment/tooling

Maintenance Services

Internal Support

▪ Production of small bore piping

▪ Technical support

▪ Facility services

▪ Fully equipped and modern test center with high capacity

▪ 4 pits w/control rooms

▪ Own water tank supports an effective filling and draining of the test pits

Test Center

▪ Spare part warehouse

▪ 16 rack storage building

▪ Base logistics▪ Document Control▪ Material planning▪ Procurement and

sourcing

Delivery and Inventory Support

Company Presentation| 7

Onging projects

Integrated EPCI (engineering,

procurement, construction, and

installation) contract

Full suite of products and services

including subsea trees, manifold,

umbilicals, and installation

Early and broader involvement with

operator

Significant reduction in total project

costs

TrestakkJohan Sverdrup Aasta Hansteen

EPC (engineering, procurement &

construction) contract

Full suite of products and services

including subsea trees, wellheads,

manifold and controls

Flowlines from Orkanger, installed by

Deep Energy

EPC (engineering, procurement &

construction) contract

Hull, mooring systems, design of

steel catenary risers

Consortium: TechnipFMC/HHI

Company Presentation| 8

20 vessels in our fleet – also from Norwegian shipowners

North Sea Giant – recently converted to hybrid propulsion – reducing emissions by 30%

Company Presentation| 9

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Greenfield Tiebacks

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Oil field Gas field Gas-Condensate field

-

5 000

10 000

15 000

20 000

25 000

30 000

35 000

40 000

45 000

50 000

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

0-100m 100-450m 450-1500m >1500m

Deepwater is back Tie-back remains key Gas gradually increases

MUSD

1. All Capex is for SURF & Subsea Equipment only

Award

Year

~35%

Avg Capex on

UDW Avg Capex on

tie-backs Avg Capex on

Gas

Source: Rystad DCube January 2019 Source: Rystad DCube January 2019 Source: Rystad DCube January 2019

Deepwater increases – UDW (>1500m depth) headed by Brazil, Guyana and Africa

Tie backs prominent in mature basins and regions

Short term large gas developments scheduled for FID

Source: Rystad Jan 2019

Company Presentation| 10

CONFIDENTIAL

Recovery from down turn started end-of 2017 with significant Equinorcontracts. Investments continue to increase mainly driven by brownfield extensions

0

10

20

30

40

50

60

70

80

90

2014 2015 2016 2017 2018 2019 2020 2021

Tree

s

Actual Base Case forecast 2014-2018 average 2019-20121 average

2019-2021 investments mainly concentrated in North Sea. Barents remains a frontier market, so far with modest exploration results despite significant campaigns.

Source: Rystad Jan 2019Source: WoodMack Dec 2018

Bubble size indicates capex investments by location and

award year

Company Presentation| 11

Offshore wind – from Norway – on the shoulders of our offshore oiland gas experience.

Company Presentation| 12

Enhancing the performance

of the world’s energy industry.

TAKK FOR

OPPMERKSOMHETEN