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Siemens SubseaEnabling complex Subsea developmentsEnabling Subsea Processing by Connecting Innovation with Experience

© Siemens AG 2014 All rights reserved.

First pressurizedIGBT powerconverter includingpressurized controlsystem

1970

2010

20051990

1980 2000

2015

Siemens enteredinto the O&G biz.with DRILLINGsolutions in 1969

Subseaintegration to

Platform DCS onThe Oseberg

Field centre

Throughflowline tool

control

Subsea transformerin Brazil

First subsea powerconverter in 1 atm

chamber

§ Power-line comm. subsea§ Down Hole ctrl. and

power distribution / reservoirzone ctrl. (DIACS)

§ Subsea master control centre,fully integrated in CCR

§ Subsea gas detection system§ Add-on subsea monitoring

system on X-tree and DPTNew generation ethernetDPM on power

First pressurized 1250Apower converter withpressurized electronicsdown to 3,000 m

First broadbandpower-line

communicationsubsea (DPM)

Sanddetectionsystems

§ Funding of theSubsea Power Grid R&D

project§ Siemens Subsea

established

Siemens Subsea milestones

2011 – Acquisition ofBennex & Poseidon(subsea power distribution,marinization and subseaengineering)

2020

First Subsea Factoryinstalled andoperationalon the seabed

à Siemens SubseaPower Grid

2025

Today

§ Commencement ofArctic Seadevelopment

§ Wellstream tiebackof 500 km exceeded

2012 – Acquisition ofTronic & Matre(subsea connectors andsensors)

Kongsberg OffshoreSystems sold to FMC

Siemens has been a trusted supplier to theoffshore industry since the late 1960s –and the future looks bright

© Siemens AG 2014 All rights reserved.

Siemens SubseaOur Vision

“Enabling our customers to deliver best in classsubsea solutions with the provision of thehighest quality subsea power and distributionsystems, products and services.”

Siemens Subsea offers a suite of systems for power,control and surveillance and a wide portfolio ofproducts and services for the subsea distribution ofelectrical power, electrical signal, hydraulic power,and optical communication for applications primarilyfocused in the Energy Sector.

© Siemens AG 2014 All rights reserved.

Siemens Subsea strives to become the leadingsupplier of subsea power and distribution systems

We strive to become the No. 1 global subsea power and distributionsystem supplier

We deliver products and systems to the Subsea industry, enablingsafe, reliable, cost effective and environmentally friendly operations

We aspire to be a system partner by developing a complete Subsea PowerGrid solution, including supporting technologies

We address the major challenges faced by the O&G industry by developinga Subsea Power Grid and supporting technologies to enable development ofoil and gas reservoirs that are not technically or economically accessible today

Subsea value proposition and aspirations

© Siemens AG 2014 All rights reserved.

Siemens SubseaCore Values

Innovation

Compliance

Quality

People

Excellence

Safety and Sustainability

Customer Focus

© Siemens AG 2014 All rights reserved.

Siemens Subsea’s Portfolio

Subsea Products andDistribution Systems

Lifecycle Management

Customer-specific systems andsolutions for subsea applicationswithin subsea power, controls andsurveillance

Service and strategic life of fieldsolutions designed to operatorsworldwide

Subsea Systems

Enabling large-scale subsea processing with state-of-the-art products, systems and services

We offer brands like Tronic,Matre and Bennex to the globalsubsea oil and gas industry.

© Siemens AG 2014 All rights reserved.

Local presence – Global reach

Siemens Subsea has a global footprint to serve and co-operate with subsea operators

Siemens Subsea locations

Brazil

USA

Norway6 locations and HQ

Asia Pacific2 locations

UK2 locations

AngolaCore customers

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Best-in-class solutions

Subsea Distribution Systems

• Reliable subsea distribution systemsdesigned and developed tailored tocustomer’s requirements andspecifications

• Siemens is only provider of all fourdistribution key areas: Ethernet,Electrical, Optical and Hydraulicsystems

• Portfolio includes individualized one-atmospheric electrical chambers andpressure-compensated third-barriersystems

• Safe and dependable subsea signaldistribution with 30 to 50 years designlifetime

Siemens’ Anguila jumper system, developed back in1992/93 and first installed on Snorre B in 1993, set thestandard for today’s subsea distribution systems.

© Siemens AG 2014 All rights reserved.

Subsea SystemsEnabling large-scale subsea processing

Siemens provides customer-specific subsea systems and solutions forsubsea applications within:

• Subsea Power• Subsea Controls• Subsea Surveillance

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Customer-specific Subsea Power Systems

• Siemens Subsea Power Grid• Electrical heating for flow lines• Topside power systems for

subsea consumers

Subsea power offerings

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Subsea Power: We distribute the energy for thesubsea fields of the future

Pumping

SeparationSubseaPower Grid

Subsea Production System

Compression

Water Injection

Electrical Pipeline heating

Providing the electrical power needed for complex subsea processing: The Siemens Subsea Power Grid aims tobe the first at water depths down to 3,000 meters at long step-outs from the host.

© Siemens AG 2014 All rights reserved.

Siemens Subsea Power Grid: The completepower solution from onshore to subsea factory

Page

Siemens Subsea Power Grid,including subsea transformer,switchgear, variable-speed drive,connectors and power controlsystem

Topside Power Distribution andControl Systems

Up to 200 km36-145 kV

VSD

PowerControlNetwork

SwitchgearTransformer

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Siemens Subsea Power Grid

• Reliable• Scalable/flexible• Rated to 3,000 meters depth• Oil-filled• Pressurized• Natural cooling• Condition monitoring• Universal and redundant control

system

Siemens Subsea Power Grid:Powering installations on the seabed

Subsea transformers• Pressure-compensated• Natural cooling• Broad power range• High efficiency• Environmentally friendly

Subsea switchgears• Pressure-compensated base module• 36-kV, 450-A feeders• Integrated auxiliary supply• Main switch in 1 atmospheric canister• SIPROTEC protection system

Subsea variable-speed drives• Integrated transformer• Natural cooling• Pressurized power electronics• Multi-cell topology• Built-in redundancy• Advanced cell bypass

© Siemens AG 2014 All rights reserved.

Siemens Subsea Power GridSummary: Main Benefits

• Complete system approachimportant for success

• Use of modular building blockreduces cost and complexity

• Built-in redundancy increasesavailability

• Condition monitoring andintelligent operation

• Trust in technology byqualification andstandardization

• Development in cooperationwith leading oil companies

© Siemens AG 2014 All rights reserved.

Customer specific Subsea Controls Systems

Offerings

• Subsea Hydraulic Power Unit (SHPU)• Hydrocarbon Leakage Detection (HLD)

System• Subsea Safety Integrity Valves (SSIV)

Control Module• Subsea Communications / Powerline

Communications Systems

© Siemens AG 2014 All rights reserved.

Selected offerings within control:Siemens Subsea Hydraulic Power Unit (SHPU)

Subsea Hydraulic Power Unit(SHPU)

Time• Compatible with conventional XMT and

SCM• Less effort for installation & maintenance• Reduced lead time (standardization)

Cost• Reduction of CAPEX for procurement and

installation of control umbilical• Reduced umbilical size and weight

Risk• System based on proven components• Standardization (common building block)• Built-in redundancy

Environ-ment

• Low power consumption• Significantly reduced discharge since the

system is local and closed

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Complete Project Support – from study phase tocommissioning

Hardware Supply•Transformers•Drives•Controls•Interconnections•Subsea Distribution

Projectdevelopment•Concept•FEED•Product design

ProjectManagement•Leadership•Interfaces•Detailed design•Procurement•Installation Coordination•HSEQ

InstallationSupport•Topsides•Subsea•Interconnections•Subsea Distribution

Prospect Development – Appraise – Concept – FEED – Execute - Start Up

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Subsea surveillanceCustomer-specific solutions

Rising demands

• Subsea oil and gas fields have an even greater demand for surveillance ofassets and environment

• Driven by operators being faced with stricter HSE requirements, environmentalregulations, and needs for enhanced recovery

• Permanent reservoir monitoring(PRM) systems

• Integrated environmentalmonitoring systems

• Condition monitoring systems

Subsea surveillance product range

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Subsea LCM

Provides service and strategic lifeof field solutions designed tooperators worldwide.

• Technical support

• Spare parts

• Training

• Project management

• Asset management and repairs

• Installation services

From installation to aftermarketofferings