Level 2 Metrics:

Fabrication Costs
Fabrication Percent of Total Facility Cost

100% 100%
90% 90%
80% 80%

Cum. Frequency
70% 70%
Frequency

n=149
60% 60%
50% 50%
40% Average = 46.1% 40%
30% Median = 45.9% 30%
20% 20%
10% 10%
0% 0%

% of Total Facility Cost

CONFIDENTIAL Independent Project Analysis – UCEC 2021 2

Fabrication Percent of Total Facility Cost
by Project Size

n=24 n=38 n=24 n=19 n=44

70%

60%

50%
% of Total Facility Cost

40%

30%

20% Mean +/-1 Std. Dev.

Median
10% Mean +/-1 Std. Dev

0%
0 to 100 100 to 250 250 to 500 500 to 1000 >1000

Project Size ($2021 MM)

CONFIDENTIAL Independent Project Analysis – UCEC 2021 3

Fabrication Percent of Total Facility Cost
by Region
n=22 n=37 n=12 n=44
70%

60%

50%
% of Total Facility Cost

40%

30%

20% Mean +/-1 Std. Dev.

Median
10% Mean +/-1 Std. Dev

0%
USGOM North Sea Africa Asia

Region

CONFIDENTIAL Independent Project Analysis – UCEC 2021 4

Fabrication Percent of Total Facility Cost
by Dominant Concept Type

n=57 n=24 n=40

70%

60%
% of Total Facility Cost

50%

40%

30%

20%
Mean +/-1 Std. Dev.

Median
10%
Mean +/-1 Std. Dev.

0%
Fixed Platform Floater Subsea
Dominant Concept Type

CONFIDENTIAL Independent Project Analysis – UCEC 2021 5