statoilhydro ormen lange update

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Landmark: Europe’s Deepest Subsea Development at 1,000 m (3,300 ft) StatoilHydro Ormen Lange Norway Blocks 6305/1, 2, 4, 5, 7 & 8 Project Overview: Contract Award: 2003 (Ph I) 2007 (Ph II) Sales: Kongsberg, Norway Fab. Trees: Dunfermline, U.K. Fab. Controls: Kongsberg, Norway Service Base: Kristiansund, Norway Host Type: Onshore Contract Type: EPC Project Characteristics: No. Trees: 8 + 2 (Ph I) 10 (Ph II) Water Depth: 850 - 1,000 m (2,789 - 3,300 ft) Tree Type: EHXT Tree Pressure: 10,000 psi Hydrocarbon: Gas Project Ownership: Petoro 36 % StatoilHydro 29 % (operator for development phase) Shell 17 % (operator for operational phase) Dong 11 % ExxonMobil 7 %

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Page 1: StatoilHydro Ormen Lange Update

Landmark: Europe’s Deepest Subsea Development at 1,000 m (3,300 ft)

StatoilHydro Ormen LangeNorway Blocks 6305/1, 2, 4, 5, 7 & 8

Project Overview: Contract Award: 2003 (Ph I) 2007 (Ph II) Sales: Kongsberg, NorwayFab. Trees: Dunfermline, U.K.Fab. Controls: Kongsberg, NorwayService Base: Kristiansund, NorwayHost Type: OnshoreContract Type: EPC

Project Characteristics: No. Trees: 8 + 2 (Ph I) 10 (Ph II) Water Depth: 850 - 1,000 m (2,789 - 3,300 ft)Tree Type: EHXTTree Pressure: 10,000 psiHydrocarbon: Gas

Project Ownership: Petoro 36 %StatoilHydro 29 %(operator for development phase)Shell 17 %(operator for operational phase)Dong 11 %ExxonMobil 7 %

Page 2: StatoilHydro Ormen Lange Update

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Regional Sales Office:FMC TechnologiesKirkegårdsveien 45NO-3601 Kongsberg, NorwayPhone: +47 3228 6700Fax: +47 3228 6750

Worldwide Headquarters:FMC Technologies1803 Gears RoadHouston, TX 77067 USAPhone: +1 (281) 591 4000Fax: +1 (281) 591 4291

www.fmctechnologies.com

Scope of Work: Phase I and II4 Ph I: ten (10) and Ph II: ten (10) Enhanced Horizontal 7”x2” 10,000 psi subsea trees (EHXT)

4 Separate installable-retrievable choke modules

4 Ph I: eleven (11) and Ph II: ten (10) UWD-15 subsea wellhead systems

4 Two (2) 8-slot Ph 1 and one (1) 8-slot Ph 2 foundation bottom structures and manifold systems with 20” headers

4 Phase I: One (1) PLET (pipeline end termination) module including 30” pig-loop system

4 Phase II: Four (4) PLEM (pipeline end module)

4 KS-200 control systems with fiber optic as primary communication system

4 Electro-hydraulic Work-Over Control Systems (WOCS) with XT, LS and HSW umbilical systems

4 Open water Lower Riser Package (LRP) and Emergency Disconnect Package (EDP)

4 Drill pipe landing string system

4 Choke module running tool, Module Running Tool (MRT) and ROV tooling system

4 Large-bore tie-in system for 20”/30” KOSCON® clamp connectors

4 Small-bore tie-in system for less than 14” KOSCON ® collett connectors

4 System integration, testing, installation assistance, service and maintenance

CommentsThe Ormen Lange Development is currently the single largest project in Norway. As many as 18,000 people will be employed directly and indirectly as a result of this project. The develop-ment is situated 120 km (75 miles) off the west coast of Norway in the upper part of the Storegga area. Natural gas reserves cover a geographical area of 350 km2 (130 miles2) and are located in water depths ranging from 850 to 1,000 m (2,800 to 3,300 ft). The seabed is very irregular, with a soil varying from stiff rock to soft clay.

The well stream is transferred via pipelines to an offshore processing plant. The processed gas is transported through pipelines and then exported to the U.K. and the European continent. StatoilHydro was the operator for the planning and development phase. Shell took over a operator when Ormen Lange came on stream in October 2007. Shell is responsible and has drilled the existing production wells.