Strengthened Partnerships Support Our Market Leadership Orders Expanded subsea partnerships (2010 2014) GE 10% Focus on improved customer returns FMCTI Aker 23% 43% Cameron Dril-Quip 6% 18% Total Market 58.0B Source:…
Well Positioned Leverage strong performance Execution momentum Leading market position backed by strong customer relationships Robust subsea backlog Solid cash position Significant and early actions in response to lower activity…
Long-term: Deepwater Remains Important Partners Equipment Scope 40 Million Barrels / Day of New Production Sources for New Production Required 110 100 Shale 16% Deepwater 90 27% Mmb/d 80 70 Controls Conventional Well…
Significant Deepwater Discoveries and Backlog Approximately 80% of major Deepwater Discoveries and Undeveloped Inventory exploration finds have been in 90 600 Number of Undeveloped Fields 80 deepwater 500 Number of…
Sustained Deepwater Spending Growth Global Offshore Spending Remain committed to developing deepwater portfolios 500 400 Overcome cost challenges and Billions 264 improve project returns 300 182 200 Reducing project…
Commitment to Increasing Subsea Project Returns Execution Standardization Technology New business models 9
Jointly Approaching Subsea Development Engage early with customers on front-end concept design Deliver integrated design of subsea infrastructure from topside to seabed Integrated life of field well surveillance and monitoring…
New Business Model Bridge the Chain Front End Engineering Project Execution Deepwater Total Project Impact Drilling & Reservoir Downhole Development Completion Subsea Subsea Field Development Production 30% Systems Seismic…
Forsys Subsea Highlights Global Footprint Exclusive alliance with Technip 320 employees 6 operating centers Operation funded 50/50 London Headquarter, Additional offices in Houston, Paris, Oslo, Singapore, Rio de Janeiro…
Summary Well positioned to manage downturn successfully and emerge stronger Deepwater remains a critical source of future supply Focused on improving operator returns using new approaches and business combinations 13