NeoDrill Yes, s, we CAN TM TM ! NeoDrill Yes, we CAN TM TM ! Egypt – Norway Technology days CAN-Technology Presentation February 13, 2017 www.neodrill.com
NeoDrill What is a CAN? Yes, s, we CAN TM TM ! • CAN = C onductor A nchor N ode • A pre-rig installed well foundation • The CAN may replace the conventional conductor • CAN is also a single production well template 15.02.2017 Confidential 2
NeoDrill Yes, s, we CAN TM TM ! The CAN is pre-installed with a DP Work Vessel Method advantages: • VERIFIED LOAD CAPACITY • SMALLER SPUD BHA • SIMPLIFIED P/A • RISK MITIGATION • SHALLOW KICK OFF • FATIGUE MANAGEMENT • ACCELERATED PRODUCTION 15.02.2017 Restricted Distribution 3
NeoDrill CAN Main Options Yes, s, we CAN TM TM ! 1. CAN (Problem solver) – Very soft seabeds – Conductor jetting 15.02.2017 Confidential 4
NeoDrill CAN Main Options Yes, s, we CAN TM TM ! 2. CAN-ductor (Cost Cutter) – Conductor Pre-installed in CAN in the workshop 15.02.2017 Confidential 5
NeoDrill CAN Main Options Yes, s, we CAN TM TM ! 3. CAN-slender Benefits: • Drill slender wells with standard rigs • No 30’’ & 20’’ sections • No top-hole cementing • 17 ½‘’ Spud BHA (returns to seabed) 15.02.2017 Confidential 6
NeoDrill CAN Track Record Yes, s, we CAN TM TM ! • 15 CAN installations for • Locations – Exploration wells – Norway – Production wells – UK • Water Depth • Present project (#16): 2250m WD – Shallowest: WD 125 m – Deepest: WD 1 444 m • CAN technology users – Statoil – Eni – Centrica – Lundin – Det Norske – Endeavour UK – OMV 15.02.2017 Confidential 7
NeoDrill CAN Installation Yes, s, we CAN TM TM ! • Vessel requirements – DP – AHC Crane ≥ 150 ton – Work ROV – Surveying services • Location time < 24 Hrs • Multiple CAN installation/ recovery campaign will significantly improve cost efficiency 15.02.2017 Confidential 8
NeoDrill Yes, s, we CAN TM TM ! P&A / CAN recovery: • Casing cutting: – CAN: Conductor & Surface Casing – CAN-ductor: Surface casing only • ROV pump out CAN • Vessel retrieve CAN • Prepare CAN for next job => CAN is fully reusable! 15.02.2017 Confidential 9
NeoDrill CAN for Production Wells Yes, s, we CAN TM TM ! • CAN is a one-well template enabling Pre-rig well construction Pre-rig SPS installation • Protection structure integral part of CAN • Dual CAN units possible https://www.youtube.com/watch?v=QKs_3SxqH6k 15.02.2017 Confidential 10
NeoDrill Alternative Field Development; Single Wells Yes, s, we CAN TM TM ! Conventional field development: Drilling SPS & SURF equipment ‘storage’ time On Schedule Drilling Planning ‘float’ Late Start Drilling Drilling SPS & Start Planning ‘float’ Late Start and Longer Duration SURF Prod Main Problem: Rig dependency all through the project! 15.02.2017 Confidential 11
NeoDrill Alternative Field Development; Single Wells Yes, s, we CAN TM TM ! Conventional field development: Drilling SPS & SURF equipment ‘storage’ time On Schedule Drilling Planning ‘float’ Late Start Drilling Drilling SPS & Start Planning ‘float’ Late Start and Longer Duration SURF Prod CAN Integrator field development: CAN + SPS Drilling Start Production accel. potential & SURF (Start & Duration?) Prod Defined activity Planning Float Coupled activities start date Reduced Rig dependency simplifies Project Execution!! 15.02.2017 Confidential 12
NeoDrill CAN Technology Offers: Yes, s, we CAN TM TM ! • Better integration of Drilling and SPS operations – Reduced dependence of rig performance – Project risk reduction – Reduced rig scope • Cost reduction – Equipment – Operations – Smaller installation vessels – Integrated protection structure • Flexible field architecture – Simplified planning and scheduling 15.02.2017 CAN Technology Presentation 13
NeoDrill Summary Yes, s, we CAN TM TM ! • CAN offers higher well load capacities: – Operational – Accidental • CAN-ductor saves rig drilling time • CAN integrates Drilling SPS and SURF activities - enables: – Cost reduction – Accelerated production • Risk Mitigation and Quality Assurance • Reduced environmental footprint • Available and Proven Technology • High local content 15.02.2017 Confidential 14
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