Quarter II 2011 Short Form 20 April (2)

An introduction to Petrofac

Quarter II, 2011

Values

Petrofac is a culturally diverse, international company, united by shared values.

Petrofac people are:

• safe

• ethical

• innovative

• cost-conscious

• responsive to customers

and always focus relentlessly on delivering results.

What we do? And where?

• Petrofac is a leading provider of facilities solutions to the international oil & gas

industry

• We design and build oil & gas infrastructure; operate, maintain, and manage

facilities and deliver competence-led training; and where we can leverage our

service capability, develop and co-invest in upstream and infrastructure projects

• We have 30 years’ experience of supporting oil & gas production and processing

and a successful track record of several hundred projects

• Our key markets are the Middle East and Africa, CIS and Asia Pacific and UK

Continental Shelf: these markets account for 70% of the world’s proven oil

reserves and 85% of its proven gas reserves

HSSE

Petrofac is committed to HSSE excellence

On behalf of the Board of Petrofac Limited:

Ayman Asfari

Group Chief Executive Officer

HSSE

Vision

• Petrofac will be acknowledged by our industry as a standard setter in HSSE management,

an expert in delivering high HSSE performance from diverse workforces in challenging

operational environments.

Commitment

• Petrofac Board of Directors has ultimate responsibility for health, safety and environmental

performance. This responsibility and the Board’s commitment to the achievement of

HSSE excellence are the foundations of our Business Management System.

• We are committed to a target of zero accidents. We will ensure that our activities are not

injurious to health and endeavour to minimise adverse impact on the environment.

• All Petrofac employees and contractors are required to meet these commitments as an

integral part of their work.

Our golden rules of safety

It is an achievable and sustainable expectation of every one of our members of

staff world-wide that they should be able to go home at the end of the working day

without having suffered or caused harm.

2007 2008 2009 2010 2011 YTD

RIFR 0.35 0.32 0.36 0.18 0.12

LTIFR 0.067 0.033 0.020 0.026 0.013

0

0.05

0.1

0.15

0.2

0.25

0.3

0.35

0.4

Incid

ent

Rate

/200,0

00 M

anhours

HSSE statistics summary for Petrofac Group

OGP* 2009 (RIFR)

~ 0.35

OGP* 2009 (LTIFR)

~ 0.09

*OGP – association of oil & gas producers

AT A GLANCE

Petrofac is a culturally diverse,

international company, united by shared

values

Group history

Revenue – US$ millions

2001 - Petrofac

Engineering, London

1997 - Petrofac

Resources, London (now

Petrofac Energy Developments

– {PED})

1991 - Petrofac

International, Sharjah, UAE

Ayman Asfari joins as CEO

2003 – Petrofac

Mumbai

2008 – Petrofac Emirates

& Petrofac Saudi Arabia

1981 - Petrofac

Inc, Tyler Texas

2007 –

Petrofac, Chennai,

Petrofac

IKPT, Jakarta, Petrofac, Beiji

ng

2002 - Petrofac Facilities

Management, established (now Offshore

Engineering & Operations), Aberdeen

(acquisition)

Also, Incorporation of Petrofac Ltd

2004 - Petrofac Training

established (now Training

Services) (acquisition)

2010 – PED demerge UKCS assets,

acquisition of CO2DeepStore and TNEI:

strategic step into renewables sector

2005 - Petrofac Limited

listed on London Stock

Exchange

2005

2006

2007

2008

2009

2010

1485

1864

2440

3330

3655

4400

Petrofac at a glance

• Financial

– a constituent of the FTSE100 Index

– approximate market capitalisation of approximately US$8 billion

– 2010 revenue US$4.4 billion

– largest of the oil services sector listed in the UK by market capitalisation

– sector leading backlog: outstanding revenue visibility

– a long-term record of delivering exceptional growth and returns for shareholders

• Personnel

– around 14,000 personnel representing approximately 60 nationalities

• Performance

– Worldwide Engineering News - Record (ENR) Survey 2009 rated Petrofac again

in the top 10 international contractors in the oil & gas industry

Petrofac at a glance

• Operations

– delivers life-of-asset services through seven business units

– currently executing projects with a combined value in excess of US$10 billion

– strong position in Middle East/ North Africa and with National Oil Companies

who have been continuing to invest in spite of the recessionary environment

– deep experience in operating and improving mature production – increasing

rates of depletion are a big challenge

• Locations

– major operating centres in UAE, the UK and India supported by a network of

20 offices around the globe

Operating locations

Milan Abu Dhabi

BeijingLondon

Woking

Aberdeen

Moscow

Doha

Houston

Sharjah

Mumbai

Chennai

Jakarta

Kuala LumpurLagos

Ahmadi

Algiers

Tunis

Damascus

Bishkek

Khartoum

Atyrau

Sakhalin

Khobar

Iraq

Main operational centres

Other operating locations

Corporate services

Singapore

Baku

Muscat

Petrofac – organisational structure

Petrofac IKPT

Petrofac Emirates

Petrofac

Saudi Arabia

E&C Ventures

(EPC)

Marwan Chedid

Engineering &

Construction (EPC)

S S Sarma

Offshore projects

Operations

Production

Solutions

Gordon East

Plant Asset Management

SPD

(Well operations)

Eclipse

(Petroleum Technology)

Caltec

(Production Technology)

Engineering

Services

Rajesh Verma

Woking

Mumbai

Chennai

Offshore Engineering

& Operations

Bill Dunnett

Training

Paul Groves

Energy

Developments

Rob Jewkes

Group Chief Operating

Officer

Maroun Semaan

Technical Integrity

Assurance

Group Chief Executive

Ayman Asfari

Sharjah

Qatar

Upstream

Energy Infrastructure

Floating Production

Chief

Executive, Energy

Developments &

Production SolutionsAndy Inglis

Investment in upstream opportunities based on proven hydrocarbon reserves

and in oil & gas infrastructure, leveraging our core skills

Competency consultancy, delivery and assurance

Design of training facilities / business planning and operations

Technical O&M, HSE, emergency response and crisis management training

Offshore Projects

Operations

Engineering Procurement & Construction (EPC)

Project management

Lump sum EPC

Engineering &

Construction

Engineering &

Construction Ventures

Engineering Services Consultancy

Front End Engineering Design (FEED)

Project Management Consultancy (PMC)

Offshore Engineering

& Operations

Training Services

Production Solutions

Energy Developments

Facilities management

Production enhancement

Improved reservoir recovery

Well engineering & well consultancy

Production modelling & optimisation

Business units - services

Petrofac – group personnel

Other

Groups

Mumbai &

ChennaiWoking UAE Jakarta (IKPT)

Construction /

sites

worldwide

UK International UK International UK International UK International

Senior Management 2 12 10 2 0 24 0 2 8 15 5 5 5 29 119

Project & Construction Managers 0 8 78 4 55 22 12 1 4 1 4 5 10 0 204

Engineering, Design & Drafting 1556 179 1739 193 39 402 26 1 1 0 0 0 4136

Project Controls

(Planning / Scheduling)

14 12 96 2 64 0 0 188

Procurement Services & Logistics 0 7 223 1 96 98 18 1 77 0 23 544

QA/QC/HSE 8 5 172 6 464 96 10 1 14 1 25 0 7 0 809

Fabrication Shop 0

Commissioning, Start-up and

Operations

26 0 43 153 222

Construction 0 0 30 667 697

Contract Admin. Sales & Marketing,

Proposals, Regional Staff, Consultancy

Management, IT support, Local staff

etc.

69 34 615 22 627 281 68 113 55 27 51 22 125 33 2142

Technical Operational Services 0 0 0 0 2597 751 142 92 90 849 6 350 0 4877

TOTAL 1675 257 3006 230 2165 3520 885 260 174 135 1011 38 520 62 13938

62 139381146 558

Technical & Support Services

Petrofac

Group

TotalPetrofac E&C and Engineering Services

Petrofac Offshore

Engineering &

Operations

Petrofac Training

Services

Petrofac

Energy Developments

Petrofac Production

Solution

7333 4405 434

Behaving responsibly

• Underpinned by its core values and code of business conduct, Petrofac

promotes responsible and ethical behaviour in its four key social

responsibility areas:

– Community - investment in the community to general improved social

capacity outcomes

– Workplace - support working practices that prioritise the welfare and

diversity of employees

– Marketplace – focuses on ethical supplier management

– Environment – implements sustainable operational practices

Executing projects

onshore and offshore

around the globe

Focused relentlessly on delivering results

Engineering &

Construction

Engineering & Construction (E&C)

Engineering & Construction Ventures (E&CV)

• Oil & Gas

– oil & gas gathering and production facilities

– crude separation / stabilisation

– gas processing / compression

– LPG / NGL recovery including turbo-expander plants

– liquefaction of Natural Gas & cryogenic facilities for LNG transportation &

storage

– high pressure water & gas re-injection

– sulphur recovery

– oil terminals & pumping stations

– flowlines and pipeline systems

E&C, E&CV

• Refining

– crude distillation units and vacuum distillation units

– distillate and LPG treating units

– catalytic reformers

– hydrotreating

– isomerization units

– alkylation units

– acid gas removal units

– sulphur recovery units

– sour water stripping units

– crude desalters / electrostatic treaters

– asphalt plants

– hydrogen plants

– offsites and utilities

E&C

Middle East

• Bahrain

• Kuwait

• Iraq

• Oman

• Qatar

• Syria

North Africa

• Algeria

• Egypt

• Libya

• Tunisia

CIS

• Azerbaijan

• Georgia

• Kazakhstan

• Kyrgyzstan

• Russia

Sub-Sahara Africa (potential)

• Angola

• Ghana

• Mozambique

• Nigeria

• South Africa

• Uganda

Focussing on lump sum EPC projects in existing Petrofac markets

E&CV

• Taking Petrofac into new markets through

– Petrofac Emirates (joint venture with Mubadala Petroleum Services

Company)

– Petrofac Saudi Arabia

– Petrofac IKPT

• Focusing on Lump sum EPC contracts in

– UAE

– Saudi Arabia

– Turkmenistan

– Malaysia

– LNG worldwide through our strategic joint venture with IKPT

EPC capability

• Integrated EPC service

• Project management

• In-house design and engineering

• Procurement of materials and equipment

• Transportation of materials to site

• Fabrication and onsite construction

• Commissioning and start up

LUMP SUM EPCProject Management

Engineering Procurement Fabrication & Construction Commissioning & Startup

PROJECT COUNTRY PROJECT VALUE SCOPE

Turkmengas - South Yoloten gas field project Turkmenistan US$ 3,979 mm FEED/EPC

Agip KOC -Kashagan field development Kazakhstan US$ 2,500 mm EP&CM

ADCO – Asab field development project UAE US$ 2,452 mm EPC

El Merk - Central Processing Facilities (CPF) Algeria US$ 2,216 mm EPC

Gasco - NGL4 , Ruwais, integrated gas development project UAE US$ 2,100 mm EPC

PDO - Harweel field development project Oman US$ 1,400 mm FEED/EPC

ISG – Southern fields development project Algeria US$ 1,200 mm EPC

AGT - pipelines and pumping stations Georgia & Azerbaijan US$ 1,140 mm EPC, JV

Total – Laggan Tormore gas plant project United Kingdom (Scotland) US$ 800 mm EPC

KOC – facilities upgrade project Kuwait US$ 800 mm EPC

ISG - In Salah Gas compression project Algeria US$ 665 mm EPC

Ohanet gas development project Algeria US$ 660 mm EPC, JV

QP, gas sweetening facilities Qatar >US$ 600 mm EPC

Karachaganak - fourth stabilisation & sweetening train project Kazakhstan US$ 600 mm FEED/EPCM

Petro Canada - Ebla gas plant project Syria US$ 565 mm EPC

KOC – 40” gas pipeline Kuwait US$ 550 mm EPC

Saudi Aramco – Karan utilities and offsites Saudi Arabia Undisclosed EPC

BG - Hasdrubal terminal project Tunisia US$ 475 mm EPC

HPC - Jihar development project Syria US$ 433 mm EPC

KOC - Water injection project Kuwait US$ 430 mm EPC

KOC – Pipeline project Kuwait US$ 400 mm EPC

PDO - Kauther depletion compression project Oman >US$ 350 mm EPC

Petronas – Sepat offshore early production system Malaysia US$ 280 mm EPC

Shell – Majnoon early production system Iraq >US$ 240 mm EPC

Recently completed & current, EPC projects

Engineering Services

Business unit offering – Engineering Services

(ES)Engineering Services (ES)

• Specialist expertise in:

– consultancy, feasibility studies, front-end engineering and design (FEED)

– detailed engineering, health safety and environmental studies

– value engineering, operability and operational enhancement studies

• Encompassing:

– onshore / offshore, oil & gas plants, LNG plants & refineries

– full-field development plans with associated technical, commercial and risk

studies

– process engineering and flow assurance

– project analysis: costs, schedules and risk management

– health, safety and environmental studies

– HAZOP, HAZID, ALARP, SIL, RAM, QRA

– full project management and services (PMS) from project concept through

delivery

Business unit offering – Engineering Services

(ES)Engineering Services (ES)

Industry recognised subject matter experts in:

• Process:

– Oil & gas processing

– Dynamic simulation

– Flow assurance

– LNG

– Coal to liquids

– Gas to liquids

– Carbon capture

– Distillation

– Refining

• Safety:

– Quantitative risk analysis (QRA)

– Consequence and dispersion modeling

• Mechanical:

– Rotating machinery

– Heat transfer

• Civil/structural:

– Geotechnical

– Concrete and steel structures

– Earthquakes

CLIENT/PROJECT COUNTRY VALUE

Karachaganak - Phase III – FEED / early works Kazakhstan US$ 280 mm

BP / Rusia - Kovykta regional gasification project Russia US$ 60 mm

SonaHess - El Gassi oil optimisation project Algeria US$ 16 mm

Karachaganak - Fourth stabilisation and sweetening

train – FEED

Kazakhstan US$ 14 mm

Total - Kharyaga phase III FEED Russia US$ 12 mm

OMV - Strasshof field development Austria US$ 6 mm

BG – Hasdrubal field development, concept/FEED Tunisia US$ 5 mm

TNK BP- Rospan Field Development Russia US$ 5 mm

Lundin – Oudna field development Tunisia US$ 4 mm

Statoil - South Zagros development Iran US$ 2 mm

Engineering services, major references

Offshore Engineering

& Operations

Offshore Engineering & Operations

Pre-operations

support

- Logistics

- Supply chain

management

- Mechanical

services

- Metering

Duty Holder and

operations support

- Management of HSE

regulatory compliance

- Transition

management

- Logistics/ supply

chain management

- Mechanical and

metering services

Modifications and

maintenance

-

Conceptual, FEED, d

etail design

- Commissioning and

decommissioning

- Shutdown

management

- Subsea step-outs

- Maintenance

Offshore projects

- Lump sum EPC

- Conceptual

- FEED and detail

design

- Project management

- Commissioning

…across a range of assets and locations

United Kingdom Middle East and North Africa

Malaysia

Cendor

E&C contract

Grove

Forties

Topaz

Auk North

Ninian

Murchison

GPIII

Sharjah Govt: Sajaa

Gas Plant

Laggan-Tormore gas plant

Operations – current contracts

• BP

– maintenance services for all UK offshore assets and Dimlington

Plant (2010 – 2015)

• Sharjah government

– facilities management of Sajaa gas plant and related assets, UAE

• EnQuest

– duty holder of the Northern Producer since 1997, now operating on

the Don field, UKCS

– duty holder of Thistle and Heather platforms, UKCS

• Centrica

– duty holder of Kittiwake

– project support and manpower services for Morecambe Bay assets,

East Irish Sea

• Eni

– duty holder of Bacton onshore terminal and Hewett offshore

platform

• Marathon

– engineering, construction, operations and maintenance services to

Braes, UKCS

Skilled and competent

people

Building contracting models to fit customers’

operational requirements

Manpower supply Supervised teams Performance management

contracts

Skilled and competent

people

Direct management

Experienced

supervision

Skilled and competent

people

Skilled and competent

people

Experienced

supervision

Direct management

Experienced

supervision

Duty Holder/JVO

Duty Holder

Responsibility

Rew

ard

Current projects

• Total

– EPC for gas processing plant for Laggan and Tormore

fields, Shetland, UK

• Maersk

– engineering services for Maersk’s UKCS offshore assets

• Apache

– engineering and construction services for Forties field,

UKCS

• Talisman

– Claymore compression upgrade, UKCS

• Centrica

– engineering and construction services for offshore

modifications, Kittiwake, UKCS

• EnQuest

– engineering and construction services for offshore

modifications – Northern Producer

Training Services

Training Services overview

• A leading provider of competence-led operations, production, technical, HSE,

emergency response and crisis management training services with over 30

years’ experience

• Over 450 highly experienced trainers and assessors

• Training centres in: Aberdeen, Montrose, Baku, Singapore, Sakhalin, Houston,

Homs, Hassi Messaoud

Services include:

Competency consultancy

• Training appraisal studies

• Training needs analysis

• Design of training interventions

(curriculum)

• Design of training facilities /

business planning and

operations readiness

Competency delivery

• New hires - foundation development

programmes for school leavers, technical

diploma holders and engineering degree

holders

• Existing staff - re-skilling and up-skilling

development programmes

• Training centre operations and

management

• Train the trainers and workforce

nationalization programmes

Competency assurance

• Assessment and verification

• Accreditation

• Tracking, recording and reporting

Competency consultancy

• Training appraisal studies

• Training needs analysis

• Design of training interventions

(curriculum)

• Design of training facilities /

business planning and

operations readiness

Competency delivery

• New hires - foundation development

programmes for school leavers, technical

diploma holders and engineering degree

holders

• Existing staff - re-skilling and up-skilling

development programmes

• Training centre operations and

management

• Train the trainers and workforce

nationalization programmes

Competency assurance

• Assessment and verification

• Accreditation

• Tracking, recording and reporting

Caspian Technical Training Centre (CTTC) - Baku Chemical Process Technology Centre (CPTC) -

Singapore

Survival training - UKEmergency response &

crisis management

USA / UK / Singapore / UAE

Training facilities

Fire training - UK

National workforce development

• Developing safe and competent national workforces

– “Petrofac competent workforce scheme”

• Structured competence based training to meet client requirements

– “competence drives training”

• Learning outcomes designed to ensure both generic and clients site specific

process applications are delivered

• Behavioural safety, health & environmental training delivered as a common

thread throughout the life of the programme

• Programme can be structured in stages depending on existing skill level

– pathway to competence

Production Solutions

Production Solutions (PS)

• Co-investment through risk service and production enhancement contracts

• Plant Asset Management (PAM)

– specialist consulting in maintenance and integrity, structural

integrity, supply chain management

– operational and project management consultancy

• Well construction and operations (SPD)

– well construction, well engineering and well consultancy

• Petroleum technology (Eclipse)

– field development optimization

– production modelling and optimisation

– well life cycle risk management

– Production optimisation software - PetroAtlas

• Production technology (Caltec)

– production enhancement solutions by the application of novel boosting

and compact in-line separation technologies

PS - integrated investment projects

• Production enhancement contract:

• Tariffs on mature field redevelopment

– Petrofac takes over operations and invests to

improve efficiencies and enhance reservoir

production

– repayment from negotiated tariffs for

baseline/incremental production

• risk service contract eg. new well tie-back, where PS:

– pays share of drilling/tieback costs

– repaid a negotiated multiple of its costs once production

starts-can be phased over time.

– involvement complete once payback achieved. Period

can be extended to provide operational services

Services and funding capability joined: services provided at risk, and repaid out of

production in a range of commercial arrangements to suit the asset, partners and

regulatory situations

Risk Service Contract

-80.0

-60.0

-40.0

-20.0

0.0

20.0

40.0

60.0

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030

2031

Cas

hfl

ow

, $

MM

.

Partner Cashflow

PS Cash Flow

Energy Developments

Energy Developments

Co-investment and asset management

• Co-investment, as equity or quasi-equity, in oil & gas

production, processing and transportation assets

• Leveraging the group’s extensive engineering and operations capability

to better understand and help mitigate development risks, enhancing

project returns in complete alignment with partners

• Technical, operational, commercial and asset management skills

brought alongside the strong financial resources of the group

• By combining the group’s facilities and infrastructure services with the

capability to assess the balance of reservoir and development

risks, Energy Developments pursues both upstream, discovered but

undeveloped oil & gas assets and downstream infrastructure, including

refineries, pipelines, oil terminals, storage facilities and gas processing

facilities

• Energy Developments’ investment portfolio consists: Block

PM304, offshore Malaysia; Berantai field development offshore

Malaysia, Chergui concession in Tunisia; the Gateway gas storage

project in the East Irish Sea; the Kyrgyz refinery in Kyrgyzstan, and the

Ohanet gas field in Algeria.

The Petrofac co-investment model

“Petrofac provides innovative and integrated solutions to the

global oil & gas industry. We invest in projects in which we

can apply our know-how, execution capability and financial

resources to create value and align with our customers”

Petrofac Energy Developments (PED) aims to act as "the integrator" - to

provide an alternative, attractive and flexible mechanism to deliver

services to our customers.

Expanding our

portfolio -

renewables & carbon capture

newenergy

• During 2010 Petrofac made a strategic step into the low carbon and renewables

energy sector by acquiring two specialist businesses which, combined with

Petrofac’s extensive portfolio, leverage the extension of our services into the

offshore wind and carbon capture and storage sectors

• Offshore wind

– TNEI

• a specialist consultancy supporting the energy, power and renewables

sectors providing services in the areas of power transmission and

distribution, planning and environmental consent and energy

management

• Carbon capture and storage

– CO2DeepStore

• co-investors in transport and storage aspects of carbon capture and

storage (CCS) projects, to deliver a CO2 storage service to major

emitters

David Lufkin

Head of Business Development

[email protected]

+971 6 574 0999

Kaye Krause-Whiteing

Group Marketing Director

[email protected]

+971 6 574 0999

For further details contact