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AGR

Welcome to the PILOT Share Fair 2013

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DISCLAIMER STATEMENT

This presentation contains forward-looking statements with respect to the operations of AGR. It incorporates our current (November 2013) view of future activities, some of which remain subject to further study, internal and external (partner and client) approval. Hence actual activities may differ materially from those expressed or implied from this presentation, and readers should not place undue reliance on said forward-looking statements. AGR does not guarantee the validity of the information contained in this presentation and such information is released for indicative purposes only.

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Contents
1. 2. 3. 4. 5. Introduction to AGR AGRs Worldwide Footprint AGRs UK/West Africa Organisation HSE&Q and Logistics AGR Operations
Experience & Technical/Core Competencies Supply Chain Management Control of Well Insurance

6. AGR Software Solutions 7. AGR Activity Overview 8. AGR Contacts

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1. Introduction to AGR
AGR provides value-adding services and solutions to customers through its expertise, innovation and flexibility. We pride ourselves on quickly supplying the highest quality and most cost-effective integrated services within the following areas...

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AGR Group structure

Well Management Reservoir Management TRACS Evaluations TRACS Training Software solutions Consultancy Services

CannSeal Annular Isolation

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AGR

Well Management Outsourced drilling Multi-client rig campaigns

Reservoir Management Delivering over 200 reservoir studies annually Sub surface consultancy

PLACEHOLDER
Software Solutions P1 Well Time & Cost M2 Materials Management TRACS Evaluations A & D Support Competent Person Reports Reserves Audits

AGR Consultancy Database of 8,000 consultants

TRACS Training Tailored training More than 190 courses in 2013

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AGRs Worldwide Footprint


AGR is listed on the Oslo Stock Exchange as AGR Group and has world wide presence. We operate in all main oil and gas hubs around the world.

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OVERVIEW OF AGR GROUP


Solid financial platform market leading position
Revenue, NOK Billion
3 2.5 2 1.5 1 0.5 0 0.9 1.8 2.0 1.4 2.6 2.4 1.9 1.8 2.0

Footprint in key markets internationally

AGR Office

Worlds premier independent well & reservoir management group 450 Staff + over 300 well consultants on placement Managed drilling of in excess of 488 wells as at end October 2013
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Working towards full compliance with the Supply Chain Code of Practice to
Improve performance Eliminate unnecessary costs Add value and boost competitiveness

In support of the Code, our preferred suppliers are registered with FPAL. For more information or to register your company go to www.FPAL.com

In addition, we are also signed up to PILOT Forward Workplan A web-based information-sharing website to provide up to date information on business opportunities for the Supply Chain. Visit the FPAL website to see our information online: http://www.fpal.com/ - Then click on Forward Workplan

3. AGRs UK/West Africa Organisation

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AGR Well Management - Organogram


EXEC VICE PRESIDENT UK & WEST AFRICA REGIONS HSEQ

NORWAY REGION MANAGER

CENTER OF EXCELLENCE

S.E ASIA REGION MANAGER N.AMERICA REGION MANAGER

FINANCE

MIDDLE EAST REGION MANAGER QUALITY MANAGER HSE ADVISOR BUSINESS DEVELOPMENT MANAGER (UK)

HUMAN RESOURCES

FUNCTIONAL SUPPORT

BUSINESS DEVELOPMENT

TECHNICAL SUPPORT

PA/OFFICE MANAGER OFFICE ADMIN/RECEPTION

CONTRACTS & PROCUREMENT

CONSULTANCY/PERSONNEL

VICE PRESIDENT WELL MANAGEMENT UK & WEST AFRICA

STRATEGIC COMMUNICATIONS

ENGINEERING MANAGER

FUNCTIONAL SUPPORT

OPERATIONS MANAGER

INFORMATION TECHNOLOGY

ADMINISTRATION WELL ENGINEERING RESOURCE DRILLLING ENGINEERING RESOURCE OFFSHORE RESOURCE MATERIALS & LOGISTICS RESOURCE OPERATIONS ACCOUNTS

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4. HSE&Q and Logistics


AGR believe planning is key to successful HSEQ and operational performance...

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AGR operate an integrated Management System

Designed to satisfy the requirements of ISO9001:2008 (Quality), ISO14001:2004 Environment), OHSAS 18001:2007 (Safety)

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Falklands Campaign Logistics and HSE&Q Facts & Figures


Over 1 million Man Hours Number Of Wells Drilled To-date: 23 Total Number Of Equipment Tons Shipped: In Excess Of 25,000 tonnes AGR Number of LTIs: Zero Extremely successful logistical operation with zero hotshots in 3 years

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5. AGR Operations
Hundreds of wells have been drilled for clients throughout the world and AGR has simultaneously operated as many as 8 rigstrings worldwide.

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AGR Well Management Experience & Technical/Core Competence

AGR have drilled...

for...

488 104 23
Clients in...

wells...

Countries...

Theres no substitute for experience.


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AGR Well Management Experience & Technical/Core Competencies in..


Logistics capability Well construction planning Casing and completion design Operatorship applications for new entrants Procurement and contracting of all services

HSE and emergency preparedness Rig site operations supervision and management

Well construction studies

Project closeout and review

Complete well management

Well Management

Provision of outsourced drilling departments

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AGR SUPPLY CHAIN


AGR Supply Chain Management encompasses: Developing a Contracting & Procurement strategy Managing 3rd Party Services Managing Materials and Logistics support Lead local relationship management Lever combined spending power for better pricing Working towards full compliance with the Supply Chain Code of Practice to

In support of the Code, our preferred suppliers are registered with FPAL. For more information or to register your company go to www.FPAL.com
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AGRS DRILLING SUPPLY CHAIN PHILOSOPHY Safety of Operations Preservation of Environment Quality of Service Quality of Personnel Security of Supply Competitive Pricing Timely Delivery Beneficial Reciprocal Relationships Non-adversarial Behaviour

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SUPPLY CHAIN - AGR RECOGNITION


Oil & Gas UK has awarded AGR Bronze (2009), Silver (2010; 2011;) & Gold (2012) level of Supply Chain Compliance. This was out of 150 signatories to the Supply Chain Code of Practice which has: speed of invoice payments; transparency of forward work planning; use of standardised contracts as some of the compliance yardsticks.
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CONTRACTING WITH AGR


To secure a Contract to provide Services to AGR the following applies: Contractor/Supplier must be registered on FPAL Likely a tender process will take place - achieves transparency to AGRs Clients & JOA compliance LOGIC (CRINE) Standard Ts & Cs utilised both UKCS and overseas (excluding USA) Tender evaluation, recommendation to award and placement of Contract

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AGRs Typical Well Supply Chain Model

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CONTROL OF WELL (CoW) INSURANCE


AGR has over the past five years established itself as a well known and well respected Well Management Services provider with a track record of over 488 wells having been successfully, safely and efficiently drilled on a worldwide basis.

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Control-of-well Insurance
AGR has become recognised by the Insurance Underwriting community, as a company with: a strong HSE focus - inextricably linked to positive performance enhancing procedures; a safe proven track record of over 488 wells; a solid future order book; a global well management approach utilising standard processes & procedures; unique management processes; an experienced and dedicated workforce; During 2012 AGR saved one Client USD $950,000/well in CoW Insurance Premium.

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6. AGR Software Solutions

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Fit for Purpose software offerings

Software Developed for AGR to address specific requirement M P1 CT Material Managment Software Well Time/Cost Risk Management Cost Tracker

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Materials Management just got easier M2 is a bespoke materials management application that is used to continually track the movement of equipment from the moment of selection, through the supply chain to the eventual return.

Unlike most systems in the marketplace, M2 was developed by the user for the user.

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Reducing Risk & Maximising Performance


AGRs P1 probability software is designed to reduce risk and maximise performance. P1 is a software designed by well construction engineers for well construction engineers. The underlying principle of AGR's philosophy is that of value enhancement by virtue of planning correctly, understanding risks and opportunity, and active performance management.

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Probabilistic Well Planning using P1TM

What is the range of possible outcomes? How likely are we to achieve targets? What influences the outcome? What can we do about it?

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It does more than Excel


CT is a real-time Cost Tracker that incorporates the estimated costs for the individual phases and cost items that comprise a project enabling managers to more accurately track the financial status of drilling projects.

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7. AGR Activity Overview

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2013 Rig Market - UK


Tight market Day rates rising Contractors are looking for longer terms Difficulty in securing finance for some smaller E&P players Direct contracting of Drilling Rig Some sublets arise often at short notice Recommended to be drill ready

Drilling Activity Planned Worldwide

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CONTACT US....
Contact AGR Well Management or Reservoir Management; UK & West Africa, at the following office: Union Plaza 1 Union Wynd Aberdeen AB10 1SL Tel: +44(0)1224 629000
Gordon Patterson: Nick Chilcott: Chris Rayburn Mark Peacock: Mark Cullen: Eilidh Fearn: Chris Ferrier: Kirsty Crook: Lyanna Farquhar: Contracts Business Development Business development Well Management Reservoir Management Human Resources Software Solutions Consultancy Solutions Logistics

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AGR Thank you for your time & for listening any questions?

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