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Norshore Concept

Periling Top Hole Sections, Sections utilizing a purpose built riserless drilling unit. Combined known drilling g technology gy into a new patented drilling and lifting concept with very low centre of gravity. Reduced Drilling Cost (5 15 % per well) Increased Rig Utilization (10 20 %) Less pollution to the environment. Multi Purpose Vessel

Additional Advantages Predrilling Topholes

Improved Quality Improved HSE Increased Flexibility Reduced 3rd part cost

Crew specialist in Tophole Drilling Operations Improved Well Head Foundation Strength (Sufficient Cement Curing time / Compressive Strength before installing heavy BOP/Riser). Special Designed for Handling of Big Size Pipe Crew specialist in Tophole Drilling Operations Reduced Handling of Equipment Allows for moving rig to next WellHead without pulling th BOP to Surface. Contract lower spec Drilling Units Reduced requirement q for WH Service Personnel Reduced ROV Crewing Reduced requirement for Casing Crew Reduced Rental Cost (Cond-Csg Running Equip, Down Hole Drilling Tools)

Reduced Logistic

Reduced requirement for supply of Tophole drilling Equipment and personnel to every Drilling Unit.

2 * Second Vessel Application

Typical well, Drilling Phase

A more cost efficient way of drilling

Water depth range; 70 - 3000 meter

30 csg

20 csg

Phase 1
With RMR

Drilling depth; 1500 meter

13-3/8 csg

Drilling depth; 2500 meter

Phase 2
9-5/8 csg

Drilling depth; 10 000 meter

7 liner

GA Norshore Atlantic

Top+hole+drilling+-+DOWNLOAD_2.wmv
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Norshore Atlantic under construction

Keel laying as per production plan 23 23.04.2009 04 2009 The quality of the work is good Planned delivery Q3-2011

Multi purpose vessel, focused on drilling

Significant cost savings by using the right-sized tool
Top-hole drilling (Prepared for RMR) Plug & Abandonment (Optional w/BOP-RMR) MOBO Installation (SS Pumps w/Caisson)

Riserless Drilling

Cost reduction potential; 50%

Additional capabilities
Riserless Completion Slender Well Drilling* Well Intervention Sub Sea Construction
* Optional Application

Open Water Completion Running in combination with LWI. Prepared for Riser Tension System and BOP. 13 5/8 BOP and Slim Riser. Through Tubing Rotary Drilling (TTRD)

Cost reduction potential; 45% Cost reduction potential; 35%

Light Well Intervention w/SS Lubricator (Wire Line Line, Tractor Operations) Coil Tubing Intervention w/ Stiff or Compensated Work Over riser.* Module Installation, SS-crane or Wet Tow of Large SS Modules (Templates, Manifolds Etc..) Manifolds, Etc ) Dredging, ROV Support Survey
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Brazil, Pre-Salt potential savings,

Norshore top hole for field development
The traditional method;
6 Rigs in operation

The improved method;

6 Rigs + Norshore Atlantic

16% more wells/year; y from 21 to 24 Savings > USD120 mill/year Early production from 3-4 wells/year

Module handling g( (MOBO) )

Optional p Riserless P & A

Additional Capability; Top hole + main well completion, Step 2.

Typical average well construction sequence; 52 days drilling and 10 days completion work.

Top Hole Drilling 12 days

(Drill for and run 36 and 20)

Main Drilling Phase 40 days

(Run BOP, drill for and run 13-3/8, 9-5/8 and 7 casings. Do initial completion)

Main Completion Phase 10 days

16% of the Well Construction Time

19% of the Well Construction Time

65% of f th the Well W ll Construction C t ti time ti

SAVING ON DAY RATE 3 mUSD

SAVING ON DAY RATE 2,5 mUSD

SAVING PER WELL Direct day rate savings on drilled well; 20% (5.5 mUSD) Rig can be utilized for 22 days on other well; USD10 mill in increased efficiency
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Cost reduction, increased rig utilization and increased numbers of wells drilled per year.
Rig Dayrate 450.000,. USD Norshore Atlantic Day Rate 200.000,- USD

Well Intervention Vessel

Light Well Intervention
Module Installation Wireline / Tractor Riserless Well Intervention with ith LRP/L LRP/Lubricator. bricator

Intervention with Riser

Riser Intervention with LRP/EDP - Stiff or Compensated Riser.

Rotatable Riser Tension Ring

Lubric. Valve Sec.

6 5/8 DP Riser or Riser ID 7,25

LRP/EDP

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Subsea Construction Vessel

Alternative to large Crane Vessels

Sub Sea Module Installation 150 mT compensated Offshore SS Crane. Wet Tow Items moved Offshore, hanging below the vessel in safe distance above the Seabed. 500 sTon Compensated during Transit and Installation. Large size Sub Sea Equipment Installation Templates / Manifolds / Etc.. ROV support t - survey

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Contact: Trond Haugland VP Operation th@norshore no th@norshore.no Mobile: +47 99454561 www.norshore.no
Thank You !

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Vessel specification
Main particulars
Length L h overall ll : 11 115,40 40 m Breadth molded 22,00 m Depth main deck 9,00 m Deadweight approx 6,500 t Moon Pool 7,20 x 7,20 m Speed (dm-4,5m, open moonpool) 14,5 kts 116 Beds

Class notation
DNV *1A1 Ship-shaped Drilling Unit Drill(N)FS E0 DYNPOS AUTRO-DK Heldk SH-LFL* HL(2,8) COMF-V(3) - Clean design

Capacities
Fresh Water 1,000 m3 Fuel oil 1,400 m3 Liquid Mud 1,250 m3 Dry Bulk (Cement/barite) 280 m3 Hydrocarbon Slop tank 85 m3 Methanol 7 m3 Work deck 1,200 m2

Equipment
Main engines : MAK (6pcs) 14,600 kW Thrusters : RollsRoyce 2x3,000kW and 4 x 1,500 kW Drilling Module Handling tower : NOV (500 sT A&P HC) Top Drive (Continuos Drilling Torque 55200 ft-lb) Drilling Equipment; NOV (including 3x1600 mud pumps) Remote Operated Pipe Handling, NOV. Special designed for handling of large size conductors casing. Mud Mixing Package; NOV Offshore Crane : NOV (140t AHC, 2500 m wire) ROV : TBN (150 hp / 3000m) Optional LARS : TBN (4,000m AHC), Optional 6 x 100 mT Skid Stations 14

Top Side

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Top Side

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GA Norshore Atlantic

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GA Norshore Atlantic

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GA Norshore Atlantic

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Operability Analysis at North Sea

Marine Cybernetics - Simulator Simulations 2 Sigma Values High accurancy 5 mHs maximum Operation Condition North Sea Less than 10 % WOW. Brazil Less than 1 % WOW.

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Tophole Drilling - A more efficient way of drilling North Sea Scenario Norshore Concept

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Semi-submersible Semi submersible drills entire well; tophole drilling, drilling with riser/BOP, well completion.

Norshore drill top holes & last part of P & A A. Drilling rig/ship to perform remaining drill work.

75 Days

10 + 65 Days

An oil company with three drilling rigs can drill ~14 wells in one year With one Norshore unit and three drilling rigs he can drill ~17 17 wells in one year

Well cost reduction of 5 -15 %. Annual increased rig utilization of 10 - 20 % World wide market
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Riser to Catwalk

Riser to Elevator

Skidding g XMTRT into Moonpool. p

Lower Cursor frame attached to XMTRT

Skidding g XMT into Moonpool p

Open p Moonpool p Door

Run in with XMT

Coil Tubing Operation

Alternative to SS Rig / Drillship

Stiff or Compensated Riser V Door Opening High V-Door Passive Compensation System
Return of HC to the Unit.

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Slender - Slim Well Drilling, g, Optional p

Potential Savings; 35%
Well Cost Component Slender Well % Savings

Casing

28 %

Cement & g Casing

30 %

Drilling Fluids

44 %

Rental Tools

20 %

Logistic

30 %

Rig Rental

50 %

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