Subsea Technologies 8 B Beginning of year backlog 6.0 6 4.6 4.1 3.6 Continued backlog growth 4 2.0 2 Increased number of multi- year projects 0 2010 2011 2012 2013 2014 Backlog includes significant 8 B Revenue awards from…
Deepwater growth Global offshore spending 700 B IOCs primary source of future 600 production 500 353.1 400 Opportunities to improve 300 186.9 operator returns 200 280.6 100 177.8 0 2013E 2020E Shelf Deepwater Source:…
Deepwater discoveries These deepwater fields are nine of the ten Global new discoveries largest discoveries of 2013: 2007 2012 Agulha/Coral - Mozambique (Eni) (reserves) Lontra - Angola (Cobalt International Energy) Ogo - Nigeria…
Subsea market growth Undeveloped discoveries Subsea wells to be drilled Deepwater semis and drill-ships 600 1000 500 500 Number of fields 800 400 Number of wells Number of rigs 400 600 300 300 400 200 200 100…
Subsea tree growth Tree awards by year 900 Future tree awards by customer 800 755 (2014-2018) 700 673 750 659 669 605 600 600 553 182 198 190 536 156 500 450 107 188 400 300 234 206 145 141 135 300 150 109 85 58 58 200 0…
Preferred subsea provider Market share by order value Technical leader (2009 2013) Industry best GE 12% execution FMCTI Aker 43% 21% Partnerships and customer Cameron 18% relationships Dril-Quip 6% Total Market 49.3B…
Improving operator returns Earlier involvement in field development Promote standard equipment and services to reduce project costs and improve execution Increase oil recovery through expansion of subsea growth platforms…
Subsea services expansion Operation and management Maintain production, Installation increase recovery The Subsea System life cycle Drilling and Plug and completion abandonment Asset Product Equipment Installation Well access…
The focus of FMC Technologies Continue our leadership position in the expanding subsea markets Invest in technology to develop our customers portfolios Deliver earnings growth with industry leading returns 13