Barclays CEO Energy-Power Conference John Gremp Chairman and Chief Executive Officer
Successfully Managing through the Downturn and Emerging with a Stronger Position in the Recovery Early and significant actions Leverage our execution momentum Downturn presents opportunities Focused on improving project…
Significant Actions in Response to the Downturn Reducing costs due to activity Leveraging execution momentum, margins in backlog, and partnerships Taking advantage of opportunities in the downturn 4
Making Required Incremental Production Economic Partners Equipment Scope 40 Million Barrels / Day of Incremental Sources for Incremental Production Production Required 110 100 Shale 17% Deepwater 90 27% Mmb/d 80 70…
Integrated Approach to Surface Technologies Portfolio Expanding our products and services Bundling and integrating our capabilities to improve efficiency Improving our portfolio reduces costs and accelerates time to first…
Improving Deepwater Project Economics Execution Standardization Technology New business model 7
Driving the Step Change for Subsea Industry Early engagement allows for introduction of vendor based solutions and new technology Deliver integrated design of subsea infrastructure from topside to seabed Integrated life of field…
Forsys Subsea and Technip Alliance What sets us apart from others... Unrivaled leadership Scope Customer partnerships Expertise 9
Forsys Subsea: A Global Organization Partnering with Our Clients Deepwater Total Project Impact Combined scope of SPS and SURF makes up significant portion of a deepwater project 30% Substantial cost reductions are 70%…
Summary Successfully manage through the downturn and emerge stronger in the recovery Deepwater remains a critical source of future supply Focused on improving operator returns using new approaches and business combinations…
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