Aker Smart 1, 2,3 & 4

Flexibility by design Smart FPSOs - Generic Specification

Oil Production Capacity 60 - 70.000 bopd - 120.000 bopd optional

Water Production Capacity 50.000 bwpd - 100.000 bwpd optional

Liquids Capacity 75.000 blpd - 150.000 blpd optional

Gas Production Capacity 100 mmscufd - 200 mmscufd optional

API 20 - 40 - higher/lower API optional

Crude Temperature 20 – 90 degree C

Shut-in Pressure 259 Bar

Power 2 Boilers - 2 x 5MW TGs - upto 20 MW

Gas Compression/Export Prepared for Installation - Optional

Water Injection Prepared for Installation - Optional

Mooring System Spread Mooring - Turret Mooring optional

Riser Balcony Capacity 12 Risers/Umbls - Extendable to 30 Risers Umbls

Crude Storage Capacity 1,3 million barrels

Offloading Capacity 1 million barrels in 24 hours

Environmental Conditions Brazil, Mexico, West Africa,

Persian gulf, India & South East Asia

3. Party classification DnV class 1A1 Unique combination of capabilities

Aker Group capabilities External capabilities Customers

Extensive industrial – and financial platform.

Alliances with FPSO #1 Process module experience. key suppliers

Engineering and design capabilities. FPSO #2 Brevik

Electrical and instrumentation. Charter rates Electro

Aker Borgestad Operation experience. Operations FPSO #3 installation and hook-up AMC capabilities. Jurong

Subsea engineering. Shipyard Subsea Systems Systems and field layout. FPSO #4

Reservoir expertise. GEO

Sample Case Aker Smart FPSO incl. Subsea Installation – a complete field solution This is ● Aker Floating Production’s Aker Floating Production is an cost effective production facility, which business is to own, operate, can be rapidly deployed to accelerate oil service company focused and charter out converted the development of first oil. The solution tankers equipped for oil and on the market for Floating provides oil companies with added flexibility without additional cost. gas production, storage and Production, Storage and offloading Offloading (FPSO) which are Aker Smart 1, 2,3 & 4 are designed to operate in benign deepwater regions. ● The company has so far named Aker Smart 1, 2,3 & 4 The capabilities are expected to meet the purchased three tankers for requirements of approximately 80 to 90 conversion to FPSOs: Floating The business was established with percent of eligible FPSO projects located Production, Storage and the purpose of owning, operating, in the target deployment areas of West and chartering out converted tankers Africa, South East Asia, South America Offloading equipped for offshore oil, gas and LPG and Mexico. ● production and storage. Aker Floating January 2007 marked the Production has purchased three Suezmax Aker Floating Production’s listing on commercial breakthrough for the tankers which will be converted to FPSOs the took place provision and operation of Aker at Jurong Shipyard in Singapore. in 2006. Aker ASA, an active industrial Smart 1 in India owner, holds 50.1 percent of the shares. Aker Smart 1, 2,3 & 4 are designed to The Company is headquartered in Oslo, provide operations with a flexible and .

Aker Smart Target Regions

Benign waters: Significant growth

Major growth area ● 21 FPSOs on order against operating contract awarded ● Global order of 28 FPSOs Mexico PG / India against operating contract W Africa awarded Brazil SE Asia

● New players (national oil companies and independents) ● Non harsh environment ● Several development opportunities ● High exploration activity

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L I Aker Smart 1, 2,3 & 4 roll-out plan M

2006 2007 2008 2009

Onstream Smart #1 Eng. Conversion Q1 2008

Onstream Smart #2 2H 2008

Smart #3 Onstream 1H 2009 241 625 Kampen Grafisk AS Lisensnr. Grafisk produksjon:

Onstream Smart #4 2H 2009 3D: AXIS.AS.

Aker Floating Production ASA, Snarøyveien 30, 1331 Fornebu, P.O.Box 137, NO-0216 Oslo, Norway Part of the Aker Group Tel.: +47 22 94 73 00, Fax: +47 22 94 73 01, www.aker-fp.com Contacts: [email protected], [email protected], [email protected] (Lagos)