Aker Smart 1, 2,3 & 4 - Aker Floating Production

1 Aker Smart 1, 2,3 & 4. Flexibility by design Smart FPSOs - Generic Specification Oil Production Capacity 60 - bopd - bopd optional Water Production Capacity bwpd - bwpd optional Liquids Capacity blpd - 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.

2 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 installation and hook-up FPSO #3. AMC capabilities. Jurong Subsea engineering. Shipyard Subsea Systems Systems and field layout.

3 FPSO #4. Reservoir expertise. GEO. Sample Case Aker Smart FPSO incl. Subsea Installation a complete field solution This is Aker Floating Production 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 and charter out converted oil service company focused the development of first oil. The solution tankers equipped for oil and on the market for Floating provides oil companies with added gas Production , storage and flexibility without additional cost.

4 Production , Storage and offloading Offloading (FPSO) which are Aker Smart 1, 2,3 & 4 are designed to The company has so far operate in benign deepwater regions. 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 the purpose of owning, operating, Production , Storage and 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.

5 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 Oslo Stock Exchange 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 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 Norway.

6 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). Lisensnr. 241 625. Non harsh environment Several development opportunities High exploration activity Aker Smart 1, 2,3 & 4 roll-out plan T. MERKE. ILJ. M. 2006 2007 2008 2009 3D: Grafisk produksjon: Kampen Grafisk AS. Onstream Smart #1 Eng.

7 Conversion Q1 2008. Onstream Smart #2 2H 2008. Onstream Smart #3 1H 2009. Onstream Smart #4 2H 2009. Aker Floating Production ASA, Snar yveien 30, 1331 Fornebu, 137, NO-0216 Oslo, Norway Part of the Aker Group Tel.: +47 22 94 73 00, Fax: +47 22 94 73 01, Contacts: (Lagos).