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Outline

      Rigpoint First slide




       Online Mobile Offshore Drilling Unit database that is recognised throughout
            the global drilling industry as the most comprehensive, impartial, and
         accurate source of information for Operators and Drilling Companies with
                    interest in the Local/Regional/Global drilling market.




G-O-D-M-Y-F-S-P-B-C-I
Outline

      RigPoint Features:



            •   Provides coverage of rigs activity entering and leaving each region.
            •   Analyze current market conditions eg. Marketed rigs, Contracted rigs,
                Utilizations %.
            •   Find rigs by specifications, status, location , Manager Etc...
            •   Compare Rigs by specifications, Day rate, and availability.
            •   Insight to rigs future contracts,spot contracts, Options, and free dates.
            •   Get informed of all the possible demands, Tender announcements, New
                contracts, Fixtures, Newbuilds etc…
            •   Search for Newbuilding sale purchase and program
            •   Analyze Time Series and Forecast
            •   Search for current and future fixtures
            •   Search the database for Up-to-date/Archived news stories in the offshore
                O&G industry.




G-O-D-M-Y-F-S-P-B-C-I
Outline

      RigPoint Features (cont.) :



                •   Registered User Access to the following publications:
                     - World Rig Forecast - Short Term Trends (Monthly, Worldwide)
                     - International Rig Report (Monthly, Worldwide)
                     - Offshore Rig Monthly (Monthly, Worldwide)
                     - Petrodaily International Rigs (twice per week, Worldwide)
                     - Petrodaily European Rigs (twice per week, Europe)
                     - Petrodaily North America Rigs (twice per week, North Sea)
                     - North Sea Rig Report
                     - Atlantis Deepwater Report
                     - Gulf of Mexico Rig Report




G-O-D-M-Y-F-S-P-B-C-I
Outline

      Benefits to RigPoint Users:



          •   Transparency of day rates for Operators and Drilling Companies, ensures
              decisions are inline with current and future market conditions.
          •   Ability for user to benchmark against other Operators / Drillers.
          •   Optimizing planned drilling programmes based on current and future
              activity.
          •   Historic data and comparisons can be made to determine trends.
          •   Excellent tool for delivering factual information to management, staff
              and stakeholders.
          •   Allows investment decisions to be grounded due to impartial data.
          •   Full technical specifications can be viewed quickly, with multi-rig technical
              specifications allowing the user to compare rigs.
          •   Current and future fixtures posted giving the user a total overview of activity.
          •   Drilling news is streamed, giving the user immediate access to breaking
              stories.




G-O-D-M-Y-F-S-P-B-C-I
Outline

   RigPoint Homepage:




G-O-D-M-Y-F-S-P-B-C-I
Outline

     RigPoint Menus:




   allows the user to                                                                                                      searches all aspects of
    search and view                                                                                                        potential rig availability
results based on a rig's                                                                                                    within a user-defined
    current situation
                                                                                                                                  time period
provides the capability
                                      Previous
   to search any rig                                                                                                           future contract
                                    Names of a Rig
population over time -                                                                                                      commitments for a
                                                                                                                           rig, as of a particular
past, current and future
                             enables searching for rig                                                                          point in time,
  provides the ability to     mobilizations between                                                                           expressed in rig
   query and report on        ODS-Petrodata defined
                                                                                   provides the ability to                        months.
 future open rig demand     geographic market regions.                              query and report on
                                                                                    rig contract fixtures     searches day rates for a population
                                                                                   including sublets and     of contracts over a specified period of
                                                                                     exercised options.        time and then calculates the Total
                                                                                                                 day rate earned over the period
                                  provides the ability to
                                                                                                             together with High, Low and weighted
                                                               A Static Monthly Page
                               search and display drilling
                                                                                                                       Average day rates.
                                                                 by our Analysts to
                              rig utilization according to a
                                                                advise on Day rates
                               number of defined filters.




G-O-D-M-Y-F-S-P-B-C-I
Outline

   Rig Supply:




G-O-D-M-Y-F-S-P-B-C-I
Outline

   Rig Demand:




                            Future Rig
                        Requirements From
                            Operators




G-O-D-M-Y-F-S-P-B-C-I
Outline

   Day rate planning pricing against demand:




Requirement
 schedule




G-O-D-M-Y-F-S-P-B-C-I
Outline

   Latest awarded contracts details:




G-O-D-M-Y-F-S-P-B-C-I
Outline

   Rig Brief specification:




G-O-D-M-Y-F-S-P-B-C-I
Outline
Full
Spec
ificati
ons
Outline

   Market Snap shot:




G-O-D-M-Y-F-S-P-B-C-I
Outline

   Database Manipulation:




G-O-D-M-Y-F-S-P-B-C-I
Outline

   Operator performance:




G-O-D-M-Y-F-S-P-B-C-I
Outline

   Rig Managers performance:




G-O-D-M-Y-F-S-P-B-C-I
Outline

   Rig Historic Performance:




G-O-D-M-Y-F-S-P-B-C-I
Outline

      World Rig Forecast Long Term Trends:




       Basics:

          Long-term forecast of jackup and floater
          (semisubmersible and drillship combined) demand

          Matching of visible rig supply to projected demand

          Intermediate-term day rate forecasts for a broad array
          of markets

          Regional sections provide insight into regional drilling
          and field development activity




G-O-D-M-Y-F-S-P-B-C-I
Outline

         Report Sections

                                           Tables of Contents

                                                            List of Tables and Charts
             (Section) Table of Contents



                                                                 “Regional” Sections
                 “Global” Sections
                                                      1.   Africa
    1.     Executive Summary
                                                      2.   Asia-Pacific
    2.     Short-Term Outlook
                                                      3.   Latin America
    3.     Forecasted Demand
                                                      4.   Mediterranean/Middle East
    4.     Visible Supply
                                                      5.   North America
    5.     Market Balance
                                                      6.   Northern Regions (ex-NWE)
    6.     Day Rates

                                              Appendices

                                                      B.    FAQ, Contact List and Disclaimer
    A.     Macroeconomic Environment




G-O-D-M-Y-F-S-P-B-C-I
Outline

      Forecasted Demand Chart
      Example: Sep07 Floaters - Global



                                             Floater Demand Forecast
                                                     Worldwide
                      350


                      300
                                                Historical
                                                 Activity
                      250

                      200
               Rigs




                                                                          Long-Term
                      150
                                                                          Forecasted
                                                                           Demand
                      100
                                                      Single Short-                High-Case
                                                                                   Low-Case
                       50
                                                      term (supply-                Mid-Case
                                                                                   Historical
                                                       constrained)
                        0
                        1Q94   1Q96   1Q98   1Q00   1Q02 1Q04 1Q06 1Q08   1Q10   1Q12   1Q14
                                                        Forecast of
                                                         Demand



G-O-D-M-Y-F-S-P-B-C-I
Outline

      Accuracy of the Demand Forecasts
      Example: Sep07 Jackup Demand




                         North America Jackup Demand Forecasts
                            Global Jackup Demand Forecasts
                           Sep05 LTT Forecast vs. Sep07 LTT Actuals
                           Sep05 LTT Forecast vs. Sep07 LTT Actuals


              100
              450
              400
               80                                                                35-rig difference
              350
              300
               60
              250
              200
               40
              150
              100
               20                                  September 2005 Forecast
               50
                                                   September 2007 Actuals
                0
                Mar-05     Sep-05     Mar-06      Sep-06       Mar-07   Sep-07




G-O-D-M-Y-F-S-P-B-C-I
Outline
          World Rig Forecast Long Term Trends (full description)
The World Rig Forecast: Long-Term Trends Report is published twice annually – March and September. The last report to be published
      was the March 2008 edition; the next report will be dated September 2008 and is expected to be published in early October. The report is
      focused on providing demand and day rate forecasts for (as well as a review of recent history and the current state of) the global mobile
      offshore drilling rig market worldwide. Specifically, the report covers the jackup, semisubmersible and drillship markets in six geographic
      regions that account for the bulk of offshore drilling activity: Africa (West and South), Asia-Pacific, Latin America, Mediterranean/Middle
      East, Northwest Europe/Canada and the US Gulf of Mexico. More details on these regional designations can be provided if necessary.
The report is presented in a total of twelve content sections as well as an executive summary. A summary of the content sections is provided
      below. Please note that the term “floaters” refers to semisubmersibles and drillships combined. The term “MODU” refers to any mobile
      offshore drilling rig – specifically, any jackup, semisubmersible or drillship.
Report Contents, By Section
Apparent Demand: Provides an overview of contracted demand in the jackup and floater markets separately, as well as for the global MODU
      market. Summaries are provided both by demand type (commitments, options, tenders or plans) as well as by region.
Forecasted Demand: Provides global and regional summaries of demand forecasts (as well as history) for jackups, floaters and total MODUs.
      Demand forecasts are shown using three outlooks corresponding to high-, mid- and low-case commodity prices. The mid-case
      corresponds to NYMEX futures prices at an earlier time in the year (usually two months prior to publication). High- and low-case price
      series are constructed around the mid-case based on current price levels. Deviations that appear in the March 2008 report are USD 20
      per barrel and USD 2.50 per million Btu at the end of the forecast period for crude oil and natural gas prices, respectively.
Supply: Presents an overview of visible MODU supply. Please note that the report does not contain supply forecasts (including forecasts of
      attrition). In addition to providing jackup and floater supply by water depth category and region (historically), this section provides details
      on many newbuild specifications including rated water depth, variable deckload and expected delivery date.
Market Balance: Presents a comparison of jackup and floater market balance globally, as well as by region.
Day Rates: Provides forecasts of day rates across major market categories. The term “market category” refers to the intersection of jackup
      versus floaters and the regional market categories. Please see the attached table of contents and list of tables and charts for more
      details.
Macroeconomics: Provides an overview of global macroeconomics as it applies to the global MODU market including details on oil and
      natural gas prices used in the forecasts.
(Six) Regional Markets: Each provides an overview of (i) the history of the jackup and floater markets in the region, (ii) short-term outlook for
      the regional jackup and semisubmersible market including relevant news, (iii) region-specific balance between demand forecasts and
      visible supply allocation and (iv) a summary of recent and near-term field development activity and its impact on the regional rig markets.
Demand forecasts are provided for the period ending eight years from the end of the publication year (i.e., the June and December 2008
      reports forecast demand to the end of 2016). Day rate forecasts are provided for a period of four years (i.e., March 2008 forecasts go to
      mid-2012 and September 2008 forecasts will go to the end of 2012). Visible supply figures are shown for the entire demand forecast
      period.
Outline

      Accuracy of the Demand Forecasts
      (continued)


       Key Points:

          The report is more than just a forecast

          Contents include analysis and interpretation of data, including a qualitative
          understanding of drivers

          The Injected expertise is the main value of the report, expertise and experience in a
          dynamic market: “We are not always right, but we always know why we were wrong”




G-O-D-M-Y-F-S-P-B-C-I
Outline

      Offshore Rig Monthly                                  (available free for Rigpoint users)


        Multi-Page report covers events that affect the
        offshore drilling market. Includes:
          emerging markets
          Accidents
          rig rates
          new technology
          financing schemes
          insurance trends
          new rig construction / rig sales
          pending rig moves
          labor problems
          rig utilization
          Attrition
          Drilling contractors’ corporate activities,
        restructuring programs and various marketing
        strategies are also covered.

                                                          Available via email, the Web or print form




G-O-D-M-Y-F-S-P-B-C-I
Outline

      International Rig Report                        (available free for Rigpoint users)

     The International Rig Report provides:
         Monthly reviews and rolling 12-month
         forecasts of market trends in the floating
         and jackup rig markets.
         The report covers Asia Pacific, the
         Middle East and Mediterranean regions,
         and Africa and South America.
         The report provides detailed supply and
         demand forecasts for each of the
         principal national markets within each
         region.
         Outstanding tenders
         Future Requirements
         Indication of current contracting levels.




                                                           Available via the Web or print form




G-O-D-M-Y-F-S-P-B-C-I
Outline

      Petrodaily Rigs                                   (available free for Rigpoint users)

    Covers global offshore mobile rig activity.
    Provides up-to-the-minute of all commercial
    aspects of rig activity. Details of
    operator commitments, options, tenders and plans.
    Also, monitors conversion and newbuild projects,
    along with tracking changes in location,
    mobilizations and rig status.
    In addition covers, Spot supply,
    demand data and dayrates.

    Available in three regional editions:
        International
        European
        North America



                                                           Available via the Web or email




G-O-D-M-Y-F-S-P-B-C-I

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Rigpoint

  • 1. Outline Rigpoint First slide Online Mobile Offshore Drilling Unit database that is recognised throughout the global drilling industry as the most comprehensive, impartial, and accurate source of information for Operators and Drilling Companies with interest in the Local/Regional/Global drilling market. G-O-D-M-Y-F-S-P-B-C-I
  • 2. Outline RigPoint Features: • Provides coverage of rigs activity entering and leaving each region. • Analyze current market conditions eg. Marketed rigs, Contracted rigs, Utilizations %. • Find rigs by specifications, status, location , Manager Etc... • Compare Rigs by specifications, Day rate, and availability. • Insight to rigs future contracts,spot contracts, Options, and free dates. • Get informed of all the possible demands, Tender announcements, New contracts, Fixtures, Newbuilds etc… • Search for Newbuilding sale purchase and program • Analyze Time Series and Forecast • Search for current and future fixtures • Search the database for Up-to-date/Archived news stories in the offshore O&G industry. G-O-D-M-Y-F-S-P-B-C-I
  • 3. Outline RigPoint Features (cont.) : • Registered User Access to the following publications: - World Rig Forecast - Short Term Trends (Monthly, Worldwide) - International Rig Report (Monthly, Worldwide) - Offshore Rig Monthly (Monthly, Worldwide) - Petrodaily International Rigs (twice per week, Worldwide) - Petrodaily European Rigs (twice per week, Europe) - Petrodaily North America Rigs (twice per week, North Sea) - North Sea Rig Report - Atlantis Deepwater Report - Gulf of Mexico Rig Report G-O-D-M-Y-F-S-P-B-C-I
  • 4. Outline Benefits to RigPoint Users: • Transparency of day rates for Operators and Drilling Companies, ensures decisions are inline with current and future market conditions. • Ability for user to benchmark against other Operators / Drillers. • Optimizing planned drilling programmes based on current and future activity. • Historic data and comparisons can be made to determine trends. • Excellent tool for delivering factual information to management, staff and stakeholders. • Allows investment decisions to be grounded due to impartial data. • Full technical specifications can be viewed quickly, with multi-rig technical specifications allowing the user to compare rigs. • Current and future fixtures posted giving the user a total overview of activity. • Drilling news is streamed, giving the user immediate access to breaking stories. G-O-D-M-Y-F-S-P-B-C-I
  • 5. Outline RigPoint Homepage: G-O-D-M-Y-F-S-P-B-C-I
  • 6. Outline RigPoint Menus: allows the user to searches all aspects of search and view potential rig availability results based on a rig's within a user-defined current situation time period provides the capability Previous to search any rig future contract Names of a Rig population over time - commitments for a rig, as of a particular past, current and future enables searching for rig point in time, provides the ability to mobilizations between expressed in rig query and report on ODS-Petrodata defined provides the ability to months. future open rig demand geographic market regions. query and report on rig contract fixtures searches day rates for a population including sublets and of contracts over a specified period of exercised options. time and then calculates the Total day rate earned over the period provides the ability to together with High, Low and weighted A Static Monthly Page search and display drilling Average day rates. by our Analysts to rig utilization according to a advise on Day rates number of defined filters. G-O-D-M-Y-F-S-P-B-C-I
  • 7. Outline Rig Supply: G-O-D-M-Y-F-S-P-B-C-I
  • 8. Outline Rig Demand: Future Rig Requirements From Operators G-O-D-M-Y-F-S-P-B-C-I
  • 9. Outline Day rate planning pricing against demand: Requirement schedule G-O-D-M-Y-F-S-P-B-C-I
  • 10. Outline Latest awarded contracts details: G-O-D-M-Y-F-S-P-B-C-I
  • 11. Outline Rig Brief specification: G-O-D-M-Y-F-S-P-B-C-I
  • 13. Outline Market Snap shot: G-O-D-M-Y-F-S-P-B-C-I
  • 14. Outline Database Manipulation: G-O-D-M-Y-F-S-P-B-C-I
  • 15. Outline Operator performance: G-O-D-M-Y-F-S-P-B-C-I
  • 16. Outline Rig Managers performance: G-O-D-M-Y-F-S-P-B-C-I
  • 17. Outline Rig Historic Performance: G-O-D-M-Y-F-S-P-B-C-I
  • 18. Outline World Rig Forecast Long Term Trends: Basics: Long-term forecast of jackup and floater (semisubmersible and drillship combined) demand Matching of visible rig supply to projected demand Intermediate-term day rate forecasts for a broad array of markets Regional sections provide insight into regional drilling and field development activity G-O-D-M-Y-F-S-P-B-C-I
  • 19. Outline Report Sections Tables of Contents List of Tables and Charts (Section) Table of Contents “Regional” Sections “Global” Sections 1. Africa 1. Executive Summary 2. Asia-Pacific 2. Short-Term Outlook 3. Latin America 3. Forecasted Demand 4. Mediterranean/Middle East 4. Visible Supply 5. North America 5. Market Balance 6. Northern Regions (ex-NWE) 6. Day Rates Appendices B. FAQ, Contact List and Disclaimer A. Macroeconomic Environment G-O-D-M-Y-F-S-P-B-C-I
  • 20. Outline Forecasted Demand Chart Example: Sep07 Floaters - Global Floater Demand Forecast Worldwide 350 300 Historical Activity 250 200 Rigs Long-Term 150 Forecasted Demand 100 Single Short- High-Case Low-Case 50 term (supply- Mid-Case Historical constrained) 0 1Q94 1Q96 1Q98 1Q00 1Q02 1Q04 1Q06 1Q08 1Q10 1Q12 1Q14 Forecast of Demand G-O-D-M-Y-F-S-P-B-C-I
  • 21. Outline Accuracy of the Demand Forecasts Example: Sep07 Jackup Demand North America Jackup Demand Forecasts Global Jackup Demand Forecasts Sep05 LTT Forecast vs. Sep07 LTT Actuals Sep05 LTT Forecast vs. Sep07 LTT Actuals 100 450 400 80 35-rig difference 350 300 60 250 200 40 150 100 20 September 2005 Forecast 50 September 2007 Actuals 0 Mar-05 Sep-05 Mar-06 Sep-06 Mar-07 Sep-07 G-O-D-M-Y-F-S-P-B-C-I
  • 22. Outline World Rig Forecast Long Term Trends (full description) The World Rig Forecast: Long-Term Trends Report is published twice annually – March and September. The last report to be published was the March 2008 edition; the next report will be dated September 2008 and is expected to be published in early October. The report is focused on providing demand and day rate forecasts for (as well as a review of recent history and the current state of) the global mobile offshore drilling rig market worldwide. Specifically, the report covers the jackup, semisubmersible and drillship markets in six geographic regions that account for the bulk of offshore drilling activity: Africa (West and South), Asia-Pacific, Latin America, Mediterranean/Middle East, Northwest Europe/Canada and the US Gulf of Mexico. More details on these regional designations can be provided if necessary. The report is presented in a total of twelve content sections as well as an executive summary. A summary of the content sections is provided below. Please note that the term “floaters” refers to semisubmersibles and drillships combined. The term “MODU” refers to any mobile offshore drilling rig – specifically, any jackup, semisubmersible or drillship. Report Contents, By Section Apparent Demand: Provides an overview of contracted demand in the jackup and floater markets separately, as well as for the global MODU market. Summaries are provided both by demand type (commitments, options, tenders or plans) as well as by region. Forecasted Demand: Provides global and regional summaries of demand forecasts (as well as history) for jackups, floaters and total MODUs. Demand forecasts are shown using three outlooks corresponding to high-, mid- and low-case commodity prices. The mid-case corresponds to NYMEX futures prices at an earlier time in the year (usually two months prior to publication). High- and low-case price series are constructed around the mid-case based on current price levels. Deviations that appear in the March 2008 report are USD 20 per barrel and USD 2.50 per million Btu at the end of the forecast period for crude oil and natural gas prices, respectively. Supply: Presents an overview of visible MODU supply. Please note that the report does not contain supply forecasts (including forecasts of attrition). In addition to providing jackup and floater supply by water depth category and region (historically), this section provides details on many newbuild specifications including rated water depth, variable deckload and expected delivery date. Market Balance: Presents a comparison of jackup and floater market balance globally, as well as by region. Day Rates: Provides forecasts of day rates across major market categories. The term “market category” refers to the intersection of jackup versus floaters and the regional market categories. Please see the attached table of contents and list of tables and charts for more details. Macroeconomics: Provides an overview of global macroeconomics as it applies to the global MODU market including details on oil and natural gas prices used in the forecasts. (Six) Regional Markets: Each provides an overview of (i) the history of the jackup and floater markets in the region, (ii) short-term outlook for the regional jackup and semisubmersible market including relevant news, (iii) region-specific balance between demand forecasts and visible supply allocation and (iv) a summary of recent and near-term field development activity and its impact on the regional rig markets. Demand forecasts are provided for the period ending eight years from the end of the publication year (i.e., the June and December 2008 reports forecast demand to the end of 2016). Day rate forecasts are provided for a period of four years (i.e., March 2008 forecasts go to mid-2012 and September 2008 forecasts will go to the end of 2012). Visible supply figures are shown for the entire demand forecast period.
  • 23. Outline Accuracy of the Demand Forecasts (continued) Key Points: The report is more than just a forecast Contents include analysis and interpretation of data, including a qualitative understanding of drivers The Injected expertise is the main value of the report, expertise and experience in a dynamic market: “We are not always right, but we always know why we were wrong” G-O-D-M-Y-F-S-P-B-C-I
  • 24. Outline Offshore Rig Monthly (available free for Rigpoint users) Multi-Page report covers events that affect the offshore drilling market. Includes: emerging markets Accidents rig rates new technology financing schemes insurance trends new rig construction / rig sales pending rig moves labor problems rig utilization Attrition Drilling contractors’ corporate activities, restructuring programs and various marketing strategies are also covered. Available via email, the Web or print form G-O-D-M-Y-F-S-P-B-C-I
  • 25. Outline International Rig Report (available free for Rigpoint users) The International Rig Report provides: Monthly reviews and rolling 12-month forecasts of market trends in the floating and jackup rig markets. The report covers Asia Pacific, the Middle East and Mediterranean regions, and Africa and South America. The report provides detailed supply and demand forecasts for each of the principal national markets within each region. Outstanding tenders Future Requirements Indication of current contracting levels. Available via the Web or print form G-O-D-M-Y-F-S-P-B-C-I
  • 26. Outline Petrodaily Rigs (available free for Rigpoint users) Covers global offshore mobile rig activity. Provides up-to-the-minute of all commercial aspects of rig activity. Details of operator commitments, options, tenders and plans. Also, monitors conversion and newbuild projects, along with tracking changes in location, mobilizations and rig status. In addition covers, Spot supply, demand data and dayrates. Available in three regional editions: International European North America Available via the Web or email G-O-D-M-Y-F-S-P-B-C-I