Oil & Gas investor eventSamir Brikho, Chief ExecutiveLondon, 30 October

Need GR or Americas pic

Oil & Gas investor eventAgenda

15:00 Supporting growth to 2015 and beyond Samir Brikho

Introduction to AMEC’s Oil & Gas position

15:25 Break out sessions

North SeaJohn Pearson and Alan Johnstone

MENA and Azerbaijan Alan McLean and Richard Rippon-Swaine

GoM and Brazil Andy Sallis, Osvaldo Capmany

17:10 Summary Samir Brikho

17:30 Drinks Samir Brikho, Ian McHoul, Hisham Mahmoud, John Pearson, Simon Naylor

and oil & gas team

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Serving four markets across three geographic regions

Samir BrikhoChief Executive

Americas57% of revenue*

Simon Naylor

Oil & Gas

Mining

Clean Energy

Environment &

Infrastructure

Europe27% of revenue*

John Pearson

Growth Regions16% of revenue*

Hisham Mahmoud

Supporting growth to 2015 and beyond One AMEC approach

*Approximate, based on H1 2012. Full comparatives on new basis to be issued with FY results

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Strategic customers managed consistently across regions and markets

Samir Brikho

Chief Executive

Growth RegionsHisham Mahmoud

AmericasSimon Naylor

EuropeJohn Pearson

*Approximate, based on H1 2012. Full comparatives on new basis to be issued with FY results

Supporting growth to 2015 and beyond One AMEC approach

• Client sponsor• Relationship manager• Client team

• Client sponsor• Relationship manager• Client team

• Client sponsor• Relationship manager• Client team

Market leads

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• Client sponsor• Relationship manager• Client team

Strategic customer teams, such as

Focusing on Oil & Gas - AMEC’s fourth core market

Position: Internationally recognised engineering capabilities

‒ Leading position in greenfield and brownfield (UKCS)

‒ Experience of delivering E/EPCM projects globally

‒ Growing portfolio of mega projects – predominantly upstream

‒ Presence in key markets: North Sea, GoM and Brazil, MENA, CIS, Africa, Asia Pacific, Australasia

Revenues (FY 2011): £980 million

Customers: 90% IOC; 10% NOC and Independents

Recent key projects: Cygnus, Clair Ridge, Mad Dog, MWCC 30%

13%

AMEC’s four markets by revenue FY 2011

Position: Internationally recognised engineering capabilities

‒ Leader in mineable oil sands extraction

‒ Growing position in in-situ

‒ Complemented with environment and power services

Revenues (FY 2011): £425 million

Markets: Canadian oil sands – as well as coal seam methane (CSM), shale

Customers include: Imperial Oil, ExxonMobil, Shell, Syncrude, Suncor, CNRL

Recent key projects: Kearl (KID and KEP); Horizon, Albian Debottleneck

Oil & gas investor event Introduction

Environment & Infrastructure

16%

Clean Energy26%

Mining15%

Oil & Gas43%

Unconventional Oil & Gas13% revenue 2011

Conventional Oil & Gas30% revenue 2011

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Long-term rise in energy demand

oil production million boe/d

Global oil supply

Source: IEA WEO 2011

Oil & Gas – the marketGlobal drivers and trends

Source: Douglas Westwood, Arctic and deepwater trends, Steven Kopits, June 2012, PFC

Shift towards more frontier and deep water developments

Resources increasingly difficult to access

NOC control global reserves

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Source: PFC Energy, BP Statistical Review

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Oil & Gas – AMEC’s positionStrong financial performance

Track record of delivering growth

Oil & Gas Revenue 2008-2011

Oil & Gas timeline2012 Announced 50% stake in Kromav (Brazil),

collaboration agreements with Aibel (Norway), and Samsung

2013 Acquired qedi (UK), Zektingroup (Aus)

Awarded major Greenfield projects in GoM and North Sea: Clair Ridge, GDF Suez, Mad Dog, MWCC

2014 Acquired 50% JV of S2V Consulting (subsea)

BP Global Onshore agreement

2008 Awarded EPCM for Kearl (KID & KEP) oil sands project, Calgary

2008 BP Global Offshore agreement

2015 Acquisition of Paragon (Houston, US)

1997 Entered Azerbaijan market

2016 First work in Australia in JV with Clough

2017 UK ‘dash for oil’ and major infrastructure investment

2018 Worked on the world’s first oil sands mine

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Oil & Gas – AMEC’s positionFocused on customer relationships

Strengthening strategic customer relationships

Existing customers

New customers

Customer driven approach to project delivery

Technical excellence

Relationship driven

Consistent delivery

IOCs

Independents

Continue to strengthen customer base

NOCs

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Consulting & Front End

Design & Construct

Hook-Up & Commission

Operate Decommission

Scope of activity 1-2% of TIC EPCM = up to 12% of TIC

3% of TIC n/a n/a

Front End Consultancy

Greenfield Projects

Brownfield (E&C and Projects)

O&M Support

Duty Holder

Late life management

AMEC scope • Prefeasibility studies

• Feasibility studies• FEED• Execution planning• Technical

consulting

• EPC / EPCM• Detailed design• Project management• Construction

management• Construction• Supply chain

management and procurement

• Project controls

• Factory Acceptance Test (FAT)

• Pressure testing• Safety system check• Equipment checks• Plant and production

start-up assistance • Mechanical completion• System commissioning

• Retrofits and upgrades

• Duty Holder• Operations

optimisation• Maintenance

strategies• Operational

readiness reviews• Operator training

• Project management• Engineering• Planning• Technical support• Structural analysis

Out of AMEC’s direct scope

Fabrication Installation of facilities Well ServicesDrilling

Dismantling, cleaning, removal, well abandonment

Well positioned across a mix of activities

Oil & Gas – AMEC’s positionRecognised for technical excellence

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Oil & Gas – AMEC’s positionMarket leading contracts

Worldwide execution from regional hubs

G

AS

Centre of excellence

Regional Office

Greenfield

Brownfield

Asset Support

Key

G Ichthys, INPEX, Australia

Wheatstone, Chevron, Australia

Blacktip, ENI, Australia

Bayu Undan, ConocoPhillips, Malaysia

AS

G MWCC, Exxon Consortium

Mad Dog, BPG

P63, QUIPG G Kizomba Satellites, Exxon

Mafumeira Sul, ChevronG

Chirag, BP

EMCS, BP

G

B

Cygnus, GDF Suez

Clair Ridge, BP

Judy and Jasmine, ConocoPhillips

Armada, Everest, Lomond, BG

Talisman frame agreement

OneGas, Shell

G

B

Gulf of Mexico

Brazil

North Sea (UKCS, SNS, NNS)

Australasia

CISG

B

Angola

B

AS

AS

AS

ADGAS, UAE

ADMA OPCO, UAE

PMC, KOC

MENAG

B

GHouston

Calgary

LuandaRio de Janeiro

Halifax

Aberdeen

London

Kuwait

Baku

Kuala Lumpur

Perth

Oil & Gas project portfolio

B

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OGXG

G Kearl Initial Development, Imperial Oil

Kearl Expansion Phase, Imperial Oil

Horizon Expansion, CNRL

Brownfield Engineering, Syncrude

Fluid Fine Tailings, Syncrude

G

B

Canadian Oil Sands

B

G

Continue differentiation based on technical excellence and customer focus

Maintain diverse portfolio (of both work type and customers) Broaden service offering, geographic footprint, and key customer portfolio

(including both IOCs and NOCs) Continue to support world-wide project execution from regional hubs Continue to offer consulting, engineering and PM services in the

downstream segment to Middle East, China, Australia and SE Asia customers, but do not intend to own downstream technologies

Leading global provider of engineering and asset support services to the upstream offshore market

Maintain leadership position in UKCS and Unconventional Oil

Grow (via organic and acquisition) in key areas (such as brownfield engineering, in-situ oil sands, hook-up & commissioning)

Future position

Oil & Gas - AMEC’s positionStrategy for growth

Strategy

Driving growth to 2015 and beyond

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Oil & Gas – AMEC’s positionGrowth to 2015 and beyond

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Customer relationships and technical expertise

UK & Norway Strength: Technical expertise: leading greenfield and brownfield

position served from London and Aberdeen hubs

Opportunity: transfer technical expertise regionally more systematically/rapidly - including Norway

(John Pearson and Alan Johnstone)

GoM & Brazil Strength: Long-term customer relationships, serviced from

Houston globally (e.g. ExxonMobil, Chevron, BP) Opportunity: expand relationships (with customers and

partners) in GoM and more globally‒ JV: Kromav in Brazil‒ JV: Samsung (GoM and globally)

(Simon Naylor, Andy Sallis, Osvaldo Capmany)

MENA Strength: Significant spend across

AMEC’s 4 markets; AMEC differentiated by: lower risk business model, PMC role and strength of customer relationships, multi-market approach

Opportunity: market, service and customer base expansion

Azerbaijan Strength: Business model: global technical

expertise executed locally for core customer

Opportunity: expand business model in CIS region and beyond

(Hisham Mahmoud, Alan McLean, Richard Rippon-Swaine)

KeyFocus areas for todayOther AMEC O&G regions

UKCS and Norway John Pearson Alan Johnstone

MENA & Azerbaijan Hisham Mahmoud Alan McLean Richard Rippon-Swaine

GoM and Brazil Simon Naylor Andy Sallis Osvaldo Capmany

Oil & Gas investor eventBreak out sessions (15:25 – 17:10)

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Oil & Gas – North SeaJohn Pearson and Alan JohnstoneLondon, 30 October

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North Sea market continues to be strong*Since previous market update May 2011

a

May 2011 (what we said...) Changes(since May 2011)

Comment

North Sea to exceed historic CAPEX spend aa Norway also strong

30 new platforms*

16 operators*

Average 7-8,000 tonnes topsides*

OpEx will continue to grow at 5% p/a aa Volume and innovation

8-10 major brownfield modifications*

Upgrades / compression / accommodation*

40 potential tie-backs*

14 FPSOs

Customers increasingly diverse a New entrants growing again

Tax impact aa Tax allowances helpful

Oil & Gas – North SeaMarket trends update

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Oil & Gas – North SeaAMEC position - update

Strengthened competitive position

1Since previous market update May 2011

AMEC’s position1 Changes since May 2011

Customer base continues to strengthen and diversify a 5 major new customers since 2011

8+ new long term contract awards in North Sea aUpgraded our recruitment capability a Hired 3,000+ people

Extended geographic footprint a Collaboration agreement with Aibel for Norway

Returned to the floating production market a

Oil & Gas – North Sea Market leading contracts

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Differentiated through technical capability

Customer New contracts 2011-2012 Type

BP Clair Ridge: Engineering and project management services (EPMS) for main platform design

Greenfield

GDF Suez Cygnus gas field: detailed design contract Greenfield

EnQuest Engineering and procurement for the Alma and Galia fields

Brownfield

Talisman Energy Brownfield engineering, procurement construction and commissioning frame contract

Brownfield

ConocoPhillips Britannia platform upgrades – design and execution Brownfield

Taqa Brownfield engineering, procurement construction and commissioning frame contract

Brownfield

Oil & Gas – North SeaGrowth to 2015 and beyond

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CIS

MENA

Australia

North Sea acts as one of AMEC’s hubs for global growth

UK

North Sea

Maintain leadership position in North Sea

Step change in support to international business

Use market and customer teams to target North Sea skills to best global growth markets

Future position

Continue differentiation based on technical excellence and customer focus

Maintain diverse portfolio (of both work type and customers)

Continue to support smaller operators as they grow

Accelerate world-wide project execution from London and Aberdeen hubs for attractive global opportunities

Strong growth expected in Norway

Strategy

Oil & Gas – North SeaStrategy for growth

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North Sea market remains strong for the foreseeable future

We now have a position in Norway via our collaboration with Aibel

Our North Sea skills are exportable to global markets

Market

Major projects involve enormous complexity

The quality of the project is vital – often a 25 year+ investment

Project quality is (to a large degree) dependant on the chosen contractor

The work process is a technology in itself

Brownfield projects have another dimension – a “live patient”

Technical

Technical excellence = strong competitive position

Oil & Gas – North SeaGreenfield and brownfield expertise

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Oil & Gas – North SeaGreenfield definition

Services on new upstream and downstream oil & gas projects include: Studies, front end and detailed engineering Sometimes procurement, project management and construction management

Market characteristics Growing market; increasingly challenging locations Increasingly complex (on and offshore) – no easy oil Global sourcing using centres of excellence

Customer drivers Safety and integrity in a complex environment Certainty of production start up, i.e. volume of liquids

by certain time The ‘uptime’ of the asset over its life CAPEX-OPEX trade offs; invest for lower operating

costs Long term investment – 30+ year design life Increasing reliance on the supply chain

Size and complexity:Clair Ridge compared to London Eye

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Oil & Gas – North Sea greenfield projectsGDF Suez

Supporting a new entrant with ambitious growth plans* Million barrels of oil equivalent

Cygnus

Project overview UK North Sea’s largest gas discovery in the last 25 years, and the 6 th largest gas

field in the Southern North Sea (SNS). Reserves of around 110 mboe First gas is expected in late 2015; will supply approx 1.5m UK homes at peak

production, which is 5% of UK’s production by 2016 2 drilling centres, 4 platforms and initially 10 development wells AMEC is involved in all platforms

Customer drivers First North Sea operation for GDF Suez. Fit for purpose design. Maximise uptime

AMEC scope and services AMEC has executed FEED for all jackets and is executing detailed design for all

topsides FEED (£50m,150 people at peak) Detailed design (£60m, 350 people at peak)

Highlights New customer – with a growing portfolio

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Clair Ridge (Part of BP Global Agreement)

Project overview Clair Ridge is second phase of the giant Clair oil field 75km west of Shetland Islands: deepwater (140m) harsh environment Two new bridge-linked platforms. Total capex value: £4.5bn. 55k tonnes topsides,

(34k drilling/process (DP) and 18k quarters/utilities (QU)) 36 well slots; 160 beds Target for first oil Q2 2016. Oil:120k bpd; gas: 120m SCFD, 40-year production life.

Capacity to produce an estimated 640m barrels

Customer drivers Designed for 40 yrs of production; inherently safe design Maximise recoverable reserves: deploy LoSal enhanced oil recovery technology Reduce environmental impact: platforms have dual-fuel power generators, using

waste heat recovery technology; vapour recovery to capture and recycle low pressure gas for fuel or exporting to shore

AMEC scope and services E & PM services for detail design, site support, procurement, supply chain,

materials management and information management activities of:‾ DP platform (3 deck modules: DPEM, DPWM & CM) ‾ QU platform (integrated deck, power generation module & long quarter); design

of bridge link between QU & DP platforms & flare boom

Highlights Inherently safe design; 40 yr life; designed for harsh N Atlantic environment

Oil & Gas – North Sea greenfield projectsBP

Complex engineering – deep water, harsh environment

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Oil & Gas – North Sea, brownfieldAlan JohnstoneLondon, 30 October

Engineering and construction (E&C) term contract

Project overview The assets include: Armada, North Everest and Lomond platforms.

‒ Implementation of subsea tie backs from the Gaupe and NorthWest Seymour wells to the Armada platform hub

‒ A new subsea tie back to the North Everest platform hub

‒ A feasibility study for the continued development of the Armada platform as a processing hub

‒ New Additional Living Quarters (ALQs) on the North Everest platform

Customer drivers A wide range of assets – adding further complexity to interfaces Effectively managing the resources across the portfolio Managing the production across the portfolio

AMEC scope and services Provision of engineering, procurement, construction, commissioning and

project management for all of the BG Group facilities

Highlights Significant safety performance On going brownfield project portfolio

Oil & Gas – North Sea brownfield projectsBG Group

Balanced portfolio of E&C term contracts and projects

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Britannia Long Term CompressionProject overview Britannia platform provides 10% of UK gas Live platform – production sensitive Existing facilities have no available space Economical viability

Customer drivers Limited space offshore Reservoir depleting Safety Shutdowns

AMEC scope and services Module and structure Concept, Detail Design and Analysis Brownfield modifications Offshore construction Project services

Highlights Innovative engineering solution – industry first Cross utilisation of AMEC Nuclear engineering knowledge

Innovative design – industry first project

Oil & Gas – North Sea brownfield projectsConocoPhillips

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FPSO modifications

Project overview Existing FPSO – to be modified Fast track project conditions Vessel in dry dock

Customer drivers Re use of an existing FPSO vessel Production: availability and predictability Integration of new facilities onto existing facilities

AMEC scope and services Engineering design of the topside modifications Procurement activities Project management services

Highlights Fast Track Parallel design, fabrication and construction

Oil & Gas – North Sea brownfield projects EnQuest Producer

FPSO growing market in the North Sea

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Oil & Gas – North SeaQuestionsLondon, 30 October

Oil & Gas – GoM and BrazilAndy Sallis and Osvaldo CapmanyLondon, 30 October

Houston overview Major execution hub for the global oil & gas industry

Headquarters for large operators’ project execution organisations: ExxonMobil, Chevron, BP

Centre of excellence for offshore engineering and project management resources

Oil & Gas – GoM and BrazilMarket overview and outlook

Houston based customers – global markets

Houston outlook Gulf of Mexico (GoM)

‒ Strong growth in spending on wide range of projects (brownfield and greenfield floating production) primarily driven by deepwater exploration and production (E&P)

Execution centre for global projects and operations, e.g. Angola

Brazil and Latin America outlook Strong outlook in floating production market and brownfield upgrade programmes

29% of global forecasted installations between 2013-2017 will be in Latin America

Strong Houston position, with local engineering in Brazil and other locations

Leader in complex oil and gas projects, greenfield and brownfield

Differentiated by safety leadership, technical expertise, high quality and predictable delivery

Market

Position

Size: Approx 1,000 people - 800 Houston, 200 Brazil

Services: Consultancy, engineering, procurement, project management and construction management

Segment: Deepwater offshore, upstream onshore, midstream and transport market segments

Clients: Strong relations with major IOCs, NOCs, EPC customers, mid-tier, and US independents - operating in US GoM, Brazil, Latin America and other locations

Profile

Oil & Gas – GoM and BrazilAMEC’s position

Customer focused delivery – challenging projects

Industry critical project

Oil & Gas – GoM projectsExxonMobil

Marine Well Containment System (MWCS)(Consortium led by ExxonMobil)

Project overview Designed to enhance containment response capability to a well control

incident in the GoM Contain and capture hydrocarbons from a subsea well blowout Design is adaptable for use on a wide range of well connection scenarios,

weather conditions and deepwater in the range of 500 ft to 10,000 ft

AMEC scope and services Engineering design of permanent utility ship modifications (built by others) Engineering, procurement of temporary MSFs (module support frames) Turret, offloading and hawser supply (sub-contract to Bluewater) Fabrication and integration yard (sub-contract to Dynamic Industries,

managed by AMEC) Project management of the integration, testing and completion of the two

MWCS capture vessels Completion and commissioning management system (AMEC qedi) Provision of deployment and operations manuals, and supporting training

modules (AMEC Vancouver support)

Supporting BP – assured delivery and predictability

Project: Mad Dog II – “Big Dog”Project overview

Main platform will be the largest new floating production system to be installed in the Gulf of Mexico

Includes a spar floating system with infield flow lines and associated subsea infrastructure to connect the subsea production and injection wells

Development concept includes a total of 33 wet wells: 19 production,14 injection

Culmination of 3 previous projects – largest topside spa

AMEC scope and services Engineering and project management services for topsides Concept development and option selection (complete) FEED, early procurement services (RFQ’s) (ongoing) Detail design, procurement and PM Services (next phase)

Highlights 4-year relationship supporting BP’s GoM Deepwater Programme Advanced use of Inherently Safe Design philosophy High level of early definition for assured delivery and predictability

Oil & Gas – GoM projectsBP

See appendix for further details

Oil & Gas – GoM projectsExxonMobil

Complex project execution - business critical

Kizomba projects

AMEC’s history of working on ExxonMobil’s Kizomba projects New build Kizomba A Project (2001)

Subsequent new build Kizomba B Project (2003)

Kizomba A Marimba: subcontractor to Fluor (E&P Prime)

Gas gathering: modifications for gas export line to Angola LNG

Satellites Phase I*: modifications for new reservoir tie backs

Satellites Phase II FEED: current scope

Typical scope and services Engineering and project management services including:

‒ Concept, FEED, detail design and follow on engineering

‒ International procurement and SCM into Angola

Highlights 11-year relationship supporting the Kizomba developments

Re-engineered design to enable execution with no shut down interruptions to +500,000 bbd production

2,000 tonnes of new facilities on each vessel

First Angola brownfield project on schedule and under budget

*Phase 1 was ExxonMobil’s largest offshore brownfield project ever

5-year relationship with KROMAV

Common client: QUIP (P63 FPSO)

Kromav: offshore marine design engineer Ship hull design

FPSO marine systems, e.g. power modules

Strong reputation and relationships

AMEC KROMAV Extended capability for full topsides facilities

Project management of complex projects

Good reputation and common relationships

Oil & Gas – BrazilAMEC and Kromav

Oil & Gas – Brazil projectsQUIP

P63 FPSO: Papa Terra field development

Project overview QUIP awarded EPCI/BOT contract AMEC was strategic partner with QUIP during bid AMEC concept work helped win the project $800m CAPEX lower than Petrobras benchmark

Typical scope and services FPSO concept, basic design and detail design

‒ AMEC subcontract for basic engineering of all topsides‒ AMEC subcontract for detail design of 4 process modules‒ KROMAV subcontract for detail design of power generation

modules

Highlights First build operate transfer (BOT) contract by Petrobras GoM standards and specifications by AMEC Fit for purpose design to assure 93% availability for production Maintained design integrity and EPC execution budget

High profile project – high quality reputation

Industry leading engineering and project management service provider Houston hub with local operations in select countries Balanced portfolio of challenging projects Broad spectrum of customers and partnerships

Future Position

Maintain pull-through on project opportunities and programmes Concept → FEED → EPCM → Project 1, 2, 3…..

Long term strategic relationships and contracts BP Global Agreement, ExxonMobil (Global Engineering Service Contract)

AMEC Samsung Oil and Gas LLC for engineering services on global projects

MoUs and partners on select projects

Supporting our customers in growth frontier markets from Houston

Local engineering including fully integrated capability in Brazil

Strategy

High-value business in high-volume global markets

Oil & Gas – GoM and BrazilStrategy for growth

Oil & Gas – GoM and BrazilQuestionsLondon, 30 October

Oil & Gas – MENA and AzerbaijanAlan McLean and Richard Rippon-SwaineLondon, 30 October

Oil & Gas - MENAThe market

Substantial investment in energy-based projects over next 5 years

Growing affluence of population combined with expansion of state provided services

Re-building effort in conflict affected countries

Gas increasingly important to meet internal growth

Oil and gas important to fund infrastructure expansion with growing investment also in alternative energy, power and water

Opportunities differ by country (commodity, maturity, need for refurbishment etc)

Surplus revenues being generated for sovereign wealth funds for investment purposes

Areas of highest activity: upstream, refining and gas processing

Kuwait and Saudi potentially the largest markets for AMEC

Need for local content continues

Requirements differ country-to-country

LibyaSaudi Arabia

Yemen

Oman

UAEQatar

Iraq

Egypt

JordanKuwait

Syria

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Oil & Gas - MENAThe market - regional drivers and trends

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LibyaDrive to regain pre-conflict production levels

Saudi ArabiaPetrochemicals drive volumes – refinery conversions and speciality chemicals projects

Yemen

OmanFocus on tight gas production and asset supportCAPEX forecast to 2015 $8.3bn (excluding Khazzan)

UAEInvestment in offshore will increase O&G production CAPEX forecast to 2015 $50bn

QatarMoratorium on North field not due to lift till 2015Limited LNG & GTL CAPEX activity CAPEX forecast to 2015 $15-$20bn

Iraq Market looking to Iraq opportunity 2012+

Egypt

KuwaitRefining largest projects – depending on 4th refinery and clean fuel projectsCAPEX forecast to 2015 $90bn ($38bn upstream; $36bn downstream)

Syria

Opportunities differ by country* - $300bn CAPEX in total*See appendix for opportunity by country and customer

Countries Iraq, Kuwait, Libya, Qatar, Saudi Arabia, UAE (operating in region for 30+ years)

People Approximately 1,000 people

Clients Key IOCs/NOCs and others

Markets Oil & gas, mining, clean energy, environmental & infrastructure

Services Typically act as ‘owner’s engineer’Value-based, life of asset services

Oil & Gas - MENAAMEC’s position

Long history and track record – platform for growth

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Profile

Market

position

Top 3 provider in consultancy, project management consultancy and FEED services in core countries

See appendix for further details on position and opportunity by country

Transitioning from oil & gas dominated business to multi-market

Incremental growth

Oil & Gas - MENAAMEC’s business model and core services

Project management consultancy (PMC)

Engineering services

In-region FEED capability

Out of region multi-market expertise

Kuwait and UAE

Integrated services

Across oil & gas, mining, clean energy, environment & infrastructure markets

Organic and focused acquisition

Qatar

Asset support

Saudi and Iraq

Asset development

NOCs and IOCs

Across region

Existing foundation

Incremental growth

Expanding position

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Oil & Gas - MENAStrategy for growth

Middle East is key to Vision 2015

Grow organically and via focused acquisition

Key areas: Iraq, Libya, Qatar, Kuwait, Saudi Arabia, UAE

Multi-market approach

Full suite of integrated services

Focus on project management services and engineering

Specialist engineering

PMC services

Select lump sum engineering

Geographic focus supporting multi-market growth

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Oil & Gas - MENAZADCO1

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Customer focused delivery – on schedule and budget1. Part of ADNOC group

Upper Zakum 750 – PMC contractProject overview Zakum 4th largest oil field in the world - Upper Zakum covers 1,200 km2 of Gulf

(c$20bl) Increase offshore capacity from 500k to 750k bbl/day by 2015 - sustain until 2025 Replacement of 60km subsea oil pipeline; reclamation of 4 artificial islands in

shallow water to provide drilling pads and production facilities, asset modifications Development of the east and west areas of the field Expansion of onshore/offshore gas treatment facilities

AMEC’s scope as PMC contractor Largest oil-related PMC contract ever awarded by ZADCO In year 5 of PMC contract (currently c. $100m worth of work) Engineering, technical consultancy, project management (PM) services Concept stage through FEED, design, construction management (CM) and

commissioning on the multi-billion dollar Upper Zakum full field development programme

Approx 120 AMEC employees on the project, expected to grow to 200+ people

AMEC adding value Excellent HSE performance Long-term view of quality and integrity from day one Running to schedule and budget Assets will deliver to customer objective of production capacity uptime > 94% Robust resourcing strategy in place: right people/ right place Provide development opportunities for UAE nationals to build PM skills

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Oil & Gas - MENAKuwait Oil Company (KOC)

Customer focused delivery – excellent HSE performance

PMC ContractProject overview KOC is seeking to increase national oil production by 100% by 2020, following

destruction caused during the Iraq war

AMEC’s scope as PMC contractor Integral part of the KOC capital project organisation in Kuwait since 2004 Consultancy services in PM, FEED, contract and CM Portfolio of ‘managed contracts’ includes 12 capital projects (total value $6bn) Brownfield upgrades to over 30 facilities in North and South Kuwait, as well as

existing gathering centres and booster stations

AMEC adding value Excellent HSE performance – project team for Gathering Centre (GC24)

awarded Safety Winners Program by KOC for implementing AMEC Safety Standards

85 million managed contractor man hours without a LTI* achieved by innovative and rigorous HSE management and supervision

GC24 (value $750m) in North Kuwait, project completed 6 months ahead of schedule

Managing over 17,000 contractor, sub-contractor and vendor personnel Long-term view of quality and integrity from day one Running to schedule and budget Tapping into AMEC’s specialist capabilities: PI, qedi, S2V Work sharing: FEED done out of Kuwait and London Provide development opportunities for Kuwait Nationals to build PM skills Contract extension through to 2013

Oil & Gas - Azerbaijan The market

Opportunity for greenfield and brownfield activities1) source: SOCAR website as at 29 Oct 2012, 2) See appendix 3) trillion cubic feet, 4) Project Sharing Agreement 5) Joint operating company: Azerbaijan International Operating Company – source Wood MacKenzie , BP Sustainability report for 2011

AIOC5

BP (34.15%) operatorChevron (11.3%)Inpex (11%)SOCAR (13.24%)Statoil (8.6%)Exxon (8.0%)TPAO (6.8%)Itochu (4.3%)Hess (2.7%)

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Market size1

Oil production: 46 million tonnes2 (approx 300-350 mbpy) Gas production: 909 TCF3

2 major fields Azeri-Chirag-Deepwater Gunashli (ACG) oil field Shah Deniz (SD) gas and condensate field

– BP-led Shah Deniz-2 field expected to be the major natural-gas supplier to the Southern Corridor Gas Pipeline project

– Future opportunities: Absheron, Shafag-Asiman, Nakhichevan PSA4

Pipelines and infrastructure Oil and gas exported to Europe

– Three export pipelines: Baku-Tbilisi- Ceyhan (oil), South Caucasus Pipeline (gas) and Western Route Export Pipeline (oil) 

Key players Oil companies: International Oil Companies (IOCs) work through production

sharing agreements (PSA) and JVs with SOCAR (National Oil Company) Engineering: KBR (greenfield engineering), McDermott (fabrication)

Clients Mix of IOCs and SOCAR

- BP operator for ACG and Shah Deniz PSA

3 projects 1) BP ECMS, 2) Chirag oil project, 3) COP1 brownfield

Services Brownfield engineering (onshore and offshore), procurement, project management, construction management, environmental consultancy

Differentiators Delivery of multiple projects; 11 years of asset support services; fabrication of 3 major topsides

Strength of relationship with customer and local partners (ATA2)

Strong Azerbaijani local content (430 people – half Azerbaijani nationals)

11 years without ‘Lost Time Incident’ (LTI)

Oil & Gas - Azerbaijan AMEC’s position

Market

Position

Baku

Profile

Tier 1 provider of engineering and construction management for brownfield and greenfield upstream projects

BP’s preferred contractor in country for brownfield engineering (offshore and onshore)

Working and delivering safely in Azerbaijan for 15 years1) Chirag Oil Project, 2) Consortium between AMEC, Tekfen, Azfen

48

BP ECMS (framework contract delivered under BP global agreement)

Project overviewFramework contract with variety of studies and projects covering: 8 offshore platforms in ACG and SD fields 1 onshore oil & gas processing terminal 3 export pipelines New asset, Chirag Oil Project – West Chirag, where AMEC is providing

project management, will be brought on production during the contract term

Completion date: March 2016 (+ 2 x 4 year options)

AMEC scope and services Engineering construction management services (ECMS) Project management Design and implementation of modifications Brownfield engineering support services (on and offshore) Construction management and commissioning

Highlights 11 year delivery of EMS contract to BP 11 years without a single LTI ‘AzSPU Engineering 2005’ award for outstanding performance 2011 ECMS contract renewed - includes both on and offshore scope

Strong and growing customer relationship

Oil & Gas - Azerbaijan BP

49

Oil & Gas - Azerbaijan AIOC - BP

Chirag Oil Project – West Chirag (COP-WC)

Project overview Fabrication of a new asset (20,000te), Chirag Oil Project – West

Chirag, where AMEC execute project management of the fabrication in consortium with Tekfen and Azfen

Ready for sail-away date: 31 March 2013 (plus follow-on hook-up support)

AMEC scope and services – in consortium (ATA) Project management of the fabrication Fabrication engineering executed in Jakarta Construction management and supervision Hook-up support to BP Brownfield integration into the PCWU facility

Highlights This is the 3rd platform for AIOC executed in partnership with Tekfen

and Azfen spanning a relationship of 10 years 15 million man hours without a single LTI AMEC Global HSSE award for safety performance 100% in-country fabrication – first of its kind Project on schedule at 90% complete

On schedule, delivered safely

50

Oil & Gas - Azerbaijan Strategy for growth

Future

Position

Strategy Deliver ongoing projects to the best standards and achieve growth

Secure Shah Deniz 2 project

Target selective large-scale and complex assets with UK engineering operations and MMC AMEC (local entity) in Azerbaijan

Target specific IOCs and the NOC for new oil and gas fields development

Work across markets and geographies to maximise delivery

Deploy wider AMEC services and markets (Environment & Infrastructure, Mining)

Maintain and grow local content development

Tier 1 provider of FEED, detailed design, EPCM, construction management and brownfield engineering services

Regional delivery, supported by global centres of excellence

Expanded customer portfolios with new oil and gas fields developments and PSAs eg Nakhichevan, Absheron, Umid blocks

Proven delivery positions for future growth

51

Oil & Gas – MENA and AzerbaijanQuestionsLondon, 30 October

Oil & Gas - SummarySamir Brikho, Chief ExecutiveLondon, 30 October

Need GR or Americas pic

Summary - One AMEC approachIntegrated strategy and structure

Enhanced capabilities

Customer relationships

Geographic footprint

Delivery focused

Integrated structure

Common skills, tools and processes

One AMEC

Secure platform for growth

Integrated services

Delivery excellence

Recognised for delivering

complex, challenging

projects

54

Oil & Gas investor eventQuestions

Need GR or Americas pic

Oil & Gas investor eventAppendix

Need GR or Americas pic

AppendixEurope team

57

Alan JohnstoneDirector, Europe & West AfricaAlan was appointed to this role in 2007. Having been with the company since 1990

he has worked his way through the business in delivery, management and operational roles. He is currently a member of the Industry Step Change in Safety initiative and is a serving member of the board of the Offshore Contractor association

John PearsonGroup President – EuropeJohn had previously held the role of Managing Director, Natural Resources Europe and West Africa, since 2007. He joined AMEC from Chevron in 1990 and has worked in a variety of engineering and project management roles in Aberdeen, San Francisco, Baku and London. He is Contractor Vice-Chair of Oil & Gas UK and immediate past Chairman of the Offshore Contractors Association

AppendixGrowth Regions team

Alan McLeanExecutive VP – Middle East, Africa, CISAlan has been with AMEC for over 18 years after spending his initial career in the mining and consultancy markets. Alan has had a variety of senior roles in Aberdeen, Baku, London and now the Middle East, leading elements of AMEC’s business covering Capital Projects and Asset Support. Most recently, Alan was Operations Director in London, where a number of projects for the Middle East, Africa and CIS were executed during his tenure

Richard Rippon-SwaineRegional Director – CIS regionRichard is a chartered mechanical engineer and has been in AMEC for 15 years. In

that time he has held a number of key positions in the oil & gas sector including Azerbaijan Country Manager and BP Account Manager

Dr Hisham MahmoudGroup President – Growth RegionsHisham joined AMEC in 2010 as President Environment & Infrastructure and has led

the growth and expansion of this business globally and across AMEC’s markets. Prior to joining AMEC, Hisham worked for URS Corporation and its predecessor companies for 19 years. Hisham has a Bachelor of Science degree in Civil Engineering from the University of Qatar and a Master’s and PhD, both in Civil Engineering, from Arizona State University in the US

58

AppendixAmericas team

59

Osvaldo CapmanyDirector – Brazil and Latin America OperationsOsvaldo is responsible for developing the Brazil and Latin America markets; he is also a board member of the AMEC Kromav JV in Rio de Janeiro.  He has 25 years of experience in the oil & gas industry and has led global and regional activities for energy companies including Shell Oil, YPF, Maxus Energy, Repsol, and GE. 

. 

Andy SallisPresident – Oil & Gas AmericasAndy is responsible for Houston and Brazil operations and has extensive experience directing projects including multidiscipline project engineering and delivery, risk assessment and management, strategic planning and development for collaborative business environments, and the development and integration of best practice solutions.

Simon NaylorGroup President – AmericasSimon had previously been President of the Natural Resources Americas business since 2007 and led the growth and successful development of positions in the core sectors for mining, oil & gas and oil sands. Since joining AMEC in 1993, he has worked across the project life cycle; from consulting to engineering and project management. His experience includes project development, asset support, strategy, customer relationship management and operations leadership.

Appendix O&G competitive landscape

Appendix – Canadian oil sandsAMEC’s position

AMEC’s differentiator is track record and engineering expertise

Profile

Market position

Revenue Approx £425m (2011)

Segment Extraction: mineable and in situ

Services Study services, engineering and procurement, project and construction management, asset management, environmental services

Clients Imperial Oil, Exxon Mobil, Shell, Syncrude, Suncor, CNRL, Connacher

Projects Kearl (KID & KEP), Horizon, Albian Debottleneck, Fluid Fine Tailings and brownfield engineering for Syncrude

Strong mineable position - worked on all major projects since 1991 Primarily CAPEX services

Leader in mineable oil sands extraction

One of a number of companies with in situ expertise

Complemented by environmental and power services

61

Appendix – Canadian oil sands Competitive capabilities

Source: websites

Strong position

Capability

Limited capability

No involvement/capability

Leadership position built on track record and technical skills

Leading position in mineable

In situ technology AMEC BDR

Complementary services a competitive advantage

Current customers include:

Imperial Oil/Exxon Mobil, Syncrude, CNRL, Teck, Suncor, Connacher

Independents for in situ

Position across mining and in situ extraction

Segment Up grading

In Situ

Service EP

CM

AMEC

Worley Parsons

Fluor

SNC Lavalin

Bechtel/Bantrel

Jacobs

IMV Projects

Golder

Stantec

CH2M Hill

Technip

Snamprogetti

Extraction

Mineable

En

viro

nm

enta

l C

on

sult

ing

AMEC

62

Appendix – Canadian oil sands Strategy for growth

Develop in situ portfolio to c. 30,000 bbl/day facility offering

Develop EPC capability (through strategic partnership with constructor)

Reinforce PM and CM

Maintain leadership position in mineable oil sands

Continue to develop in situ position

Future position

Strategy

Opportunity to transfer in-situ expertise to majors

63

AppendixGlossary

Alphabetical order Brownfield: [at AMEC] includes studies, front end and detailed engineering and sometimes including procurement and

project management and construction management services packaged for existing oil and gas assets

E&C: Engineering & Construction, generally onshore work

EPC: Engineer, Procure, Construct: a contract type generally used onshore, often lump-sum

LSTK: Lump-sum turnkey, a contract type generally used onshore, where the contractor completes the required job and the facility is ready to "turn the key“ and start working

EPCIC: Engineer, Procure, Construct, Install, Commission: a contract type generally used offshore, often lump-sum, including full commissioning of the relevant components

EPCM: Engineer, Procure, Construction Management: a contract type generally used offshore, often lump-sum for the EP and cost-plus for the CM

EPIC: Engineer, Procure, Install, Construct: a contract type generally used offshore, often lump-sum

Fabrication: Construction of (generally) offshore facilities, including the integration of multiple different components or modules

FEED: Front-End Engineering Design, a contract for the general design of a proposed oil & gas project

FPS: Floating Production System, a generic term for different types of offshore production platforms that are supported by their own buoyancy

FPSO: Floating Production Storage and Off take, a ship or barge-shaped floating production system that also can store oil and load oil tankers. Often a converted oil tanker

FSO: Floating Storage and Off take, generally a converted oil tanker used as storage for offshore oil production

Greenfield: [at AMEC] includes studies, front end and detailed engineering and sometimes including procurement and project management and construction management services for new upstream and downstream oil and gas projects

64

Appendix Glossary

Alphabetical order (cont) Jacket: The support structure for an offshore platform that keeps the topsides in place above the waves.  Jackets are

typically made from a steel framework that may be installed and piled to the seabed prior to installing the topside facilities

Jackup: Lifting technology used primarily in shallow water drilling (up to 125m) but also for wind farms and other offshore construction jobs

MMO: Maintenance Modifications and Operations, the segment of E&C work done on existing producing facilities both onshore and offshore

Module: Part of a construction job that is built offsite and added to the finished job as a single package. Often used for offshore platforms

Riser: Connects equipment on the sea bed to equipment on the surface. Drilling risers connect drilling rigs to blow-out preventers. Production risers connect trees to floating production platforms

Semi: A semi-submersible platform. There are drilling semis and production semis. Generally semis have two or more pontoons which can be flooded to increase the vessel's stability and draught

SPAR: Type of floating production system based on a very large vertical cylinder used as a jacket

TLP: Tension Leg Platform, a type of bottom supported offshore jacket

Topsides: The parts of an offshore platform built above the water line. Generally topsides sit on the jacket

Turret: The part of an FPSO that connects the risers and umbilicals to the FPSO and allows the FPSO to weathervane, i.e. rotate around the turret. Generally expensive

Umbilical: Component that provides power and other facilities to subsea components. Most subsea components have their own umbilical connected to surface production equipment. Also used for ROVs

Wellhead: The component of a well located at the top, to which casing is attached. Generally connects to the tree

65

Oil & Gas – MENA and AzerbaijanAppendixLondon, 30 October

Opportunities differ by country

Appendix - MENAOpportunity by country

Iraq Libya Kuwait Oman Qatar Saudi Arabia UAE

Attractiveness (n low, nnnn high)

nn nnn nnnn n nnnn nnn nnnn

AMEC opportunityBy market

• Oil & Gas

• Clean Energy

• E&I*

nnn

• Oil & Gas

• Clean Energy

• E&I*

nnn

• Oil & Gas

• E&I*

nn

• Oil & Gas

• E&I*

nn

• Oil & Gas

• Mining

• E&I*

nnn

• Oil & Gas

• Clean Energy

• Mining

• E&I*

nnnn

• Oil & Gas

• Clean Energy

• E&I*

nnn

Upstream, midstream, downstream

Upstream Upstream Significant onshore up / mid / downstream

Upstream Significant midstream, upstream

Significant onshore upstream

Significant upstream + mid / downstream

Onshore/ offshore

Onshore Both Both Onshore Both Onshore Both

Project opportunities

• Upstream field developments

• Field rehabilitation

• Water & infrastructure projects

• Upstream field development

• Pipelines

• Brownfield remediation

• Re-entry

• Redevelopment activity

• Gas trains

• New refineries & upgrades

• Undeveloped northern area

• Production enhancement

• Gas developments

• Upstream production,

• Asset support

• Brownfield engineering

• Water projects

• Production increases

• Onshore upstream

• Infrastructure

• Mining

• Upstream development

• Refinery development & upgrade

• Nuclear

Key customers IOC led consortia

NOC and IOCs

KOC, KNPC, KJO

NOC consortia and mining

NOC, IOC, mining and

E&I*

NOC and Mining NOC and IOC PSA clients

67

*Environment & Infrastructure

Libya Kuwait Qatar Saudi Arabia UAE Iraq

AMEC’s position

30 years in Libya focus on re-entry and develop in-country engineering

Strongest positionIn-country engineering and PMC

In JV with Black Cat – focus on asset support including brownfield engineering, AMEC E&I has existing infrastructure projects

Technical services to O&G market; consulting services and engineering studies for mining

PMC and FEED services for O&G; consulting services for nuclear

Engineering and environmental services to Oil & Gas market. One-AMEC approach: E&I and S2V

NOCs • ZOC, WAHA, Harouge, Agoco

• KOC: PMC & major upstream projects – 2013

• Al-Khafji Joint operations

• KNPC: eng and PM services

• Qatar Petroleum • Saudi Aramco , Sabic, Ma’daan

• ADMA-OPCO:, Adgas, Zadco, Adco

• SOC, NOC and others

IOCs • Shell, Chevron, Total, BP, Verenex, Repsol, Wintershall

• NOC dominated market • ExxonMobil, Total, Oxy, Maersk, Shell, Qatargas

• NOC consortia dominated market

• BP Sharjah, Conoco Phillips

• Kogas

• BP

• Shell

Examples • Provision of technical services, FEED engineering, detailed design and consultancy services

• FEED and detailed design for gas and oil field developments

• Distributed engineering in AMEC London Old Street for complex FDP

• Contracts for offshore brownfield modifications

• OSBV crucial markets for Shell and Dolphin access platforms

• New market entry for feasibility engineering and PMC services

• PMC for various customers, engineering scope increasing

• One-AMEC approach for asset support projects (S2V, Pi, qedi)

• Commissioning and completion support within southern Iraq

• FDP planning and engineering for new field development

Appendix - MENATarget customers by country

Expanding beyond strong position in core markets

68

1970s 1991

Oilfield rehabilitation (Kuwait)

MAPEL – inspection services (Libya)

KWSA – engineering services (Saudi Arabia)

1978

Haradh GOSP - PMS (Saudi Arabia)

Berri ethane plant - EPC (Saudi Arabia)

KOC – southern oilfields PMC (Kuwait)

1995

2000

2004

2007

KNPC, General EngServices (Kuwait)

2008

ZADCO Major Projects PM Contract (UAE)

2009

Black Cat JV (Qatar)

Appendix - MENAHistory of AMEC in MENA

2010 2012

2011

ADCO – Energy Efficiency Improvement – All Fields (UAE)

AMEC Intl Ltd. Nasr-1 & UL-1 PMC for EPC (UAE)

OXY DD Engineer Services Contract (Qatar)

Harouge. FEED Engineering (Libya)

Wafra Joint Operations (Saudi Chevron & Kuwait Gulf Oil Co.)

– FEED- Central Gas Utilisation Project (Kuwait)

KNPC- 5th Gas Train Study & FEED at Mina Al Ahmadi (Kuwait)

69

Appendix – AzerbaijanHistory of oil & gas

1850s: Azerbaijan is one of the oldest oil producing regions in the world, starting with a flow of foreign investments in 19th century

1875: the Nobel brothers began their activities in Azerbaijan's oil industry

1920: 109 public companies in Azerbaijan, 37 British owned (worth approx £100 million)

1994: the first PSA, the ‘contract of the century’ signed between SOCAR1 and AIOC2

2011: oil production reached 46 million tonnes (approx 300-350 mbpy); gas production 909 TCF

*source for charts: SOCAR Annual Report 2010

70

Appendix - AzerbaijanAMEC in Azerbaijan

1997: AMEC was the first British-owned E&C contractor to establish permanent presence in Azerbaijan

1997: AMEC provided specialist support to BP Exploration (Shah Deniz) Limited for upgrade of ‘Shelf 5’ semi-submersible drilling rig

2002: AMEC entered first consortium agreement with local partners Tekfen and Azfen for fabrication of compression, water injection project (C&WP) topside

2010: BP awarded AMEC-Tekfen-AZFEN (ATA) consortium 5-year Master Services Agreement (MSA) for fabrication work

2011: BP renewed the offshore brownfield engineering contract (EMS) for next 13 years – including onshore scope

AMEC Baku office, 1997

AMEC Baku office, 2010-2012

71

Appendix - AzerbaijanAMEC projects history

1997 2011-2012

Shelf 5 / Istiglal BTC Project

BP Shah Deniz AIOC Azeri-Chirag- Gunashli fields phase 3

AIOC Chirag

Water Injection

Production Compression

Water Injection and

Utilities - PCWU Project

Compression Water Injection

Platform - C&WP Project

Chirag Oil Project-West Chirag for ACG phase 4

PCWU COP

Brownfield

2002-2005 2005-20081998-2000 2001 – ongoing

BP EMS Project; extended and then renewed to ECMS

2001 - 2004

72

ATA consortium made up of AMEC, Tekfen (a Turkish contracting and construction company) and Azfen JV (joint venture between Tekfen and SOCAR) Azfen: fabrication facility and local Azeri trades personnel

TEKFEN: supervision and local labour

AMEC: yard design and development, project management, engineering, training and HSE, systems

and procedures

2010: ATA consortium awarded 5-year MSA for fabrication work for BP – AIOC

Current COP-WC-PDQ topside will be the largest offshore structure ever built in Baku, load-out weight in excess of 20,000mt

Appendix - AzerbaijanAMEC-Tekfen-Azfen consortium (ATA)

CWP - 14, 250 tonnes PCWU- 14,500 tonnes COP-WC – excess of 20,000 tonnes

Working in partnership with local companies

73

Appendix - AzerbaijanATA construction facility

The ATA construction facility is located on Janub Kyorpyusu (South Bridge) on the coast of the Caspian Sea, south west of Baku

2002: the yard (which includes facilities to fabricate, construct and commission topsides) constructed by ATA consortium

2010: yard upgraded to enable fabrication of topsides up to 25,500 tonnes

Two large topsides built at yard; currently building third platform for AIOC 2002-2005: Compression and water injection platform (C&WP)

2005-2008: Process, compression, water injection and utilities platform (PCWU)

2010- ongoing: Chirag Oil Project-West Chirag (COP-WC) topsides projectAfter development

World class fabrication facility1) PSA between BP, Chevron, SOCAR (state), Inpex, Statoil, TPAO, Itochu, Hess

74

Appendix - AzerbaijanATA fabrication yard (2002)

75

Appendix - AzerbaijanATA fabrication yard (2003)

76

Appendix - AzerbaijanATA fabrication yard (2011)

77

Appendix - AzerbaijanATA fabrication yard (2012)

78

Appendix - Azerbaijan Major oil and gas fields and distribution pipelines

Azerbaijan oil and gas fields Major distribution pipelines

Azerbaijan’s oil & gas fields

79

Oil & Gas – GOM and BrazilAppendixLondon, 30 October

Appendix – GOM and BrazilProject history

Mardi Gras

2000

Kizomba A & B

Akçakoca

Golden PassKizomba Satellites

Tubular Bells

TGPPP63 Mad Dog/Big Dog

MWCS

2005 2008 - ongoing 2010 - ongoing2009

Mad Dog Phase 2

Appendix – GOM and BrazilProject overview: Mad Dog Phase II

Deepwater greenfield development - additional reserves (south and west) within the existing Mad Dog field

Located in Green Canyon region ~200 miles south of New Orleans

Partnership: BP - 60.5%, BHP Billiton - 23.9%, Chevron - 15.6%

West field was discovered in 2008, South field was discovered in 2009

Ultra deep reservoirs – depth ranges > 21,000 feet

Water depth (ft) - 4,500 to 5,200 for host facility to >7,000 for flowlines

Fields are approximately 6 to 10 miles from BP’s existing Mad Dog facility

Close to existing export infrastructure

5 teams working the development Hull and mooring, drilling, subsea, Topsides and well systems

Current scope is for advancement of

a single concept case

Appendix – GOM and BrazilProject overview: Mad Dog Phase II (cont)

Topsides weight ~ 25,000 ST (dry), 34,000 ST (operating)

Hull – 142’ diameter, ~ 630 – 650’ long (closed CW)

130,000 BOPD

75,000 BWPD PW

280,000 BWIPD @ 8,000 PSI

19 Production & 14 WI wells

Modular – all electric design

Topsides OOM TIC > $1 billion

GoM fabrication

High % domestic purchase items

SCM equip and material

$400 MM US tagged

SCM responsibility

Extends to site materials mgmt

Two VLCC-based FPSOs: Kizomba “A” and “B”

Production capacities: 250,000 BPD oil

Storage capacities: 2.2 million barrels

Scopes executed by AMEC/Fluor Daniel JV: Project management and interface management

FEED for Kizomba “B” to optimize design,incorporating lessons learned from Kizomba “A”

Detailed topsides design

Procurement support

Completion and commissioning documentationand procedures

Commissioning management for Kizomba “A”

Operations and maintenance documentationand training

Appendix - GOM and Brazil Project overview: New-build Kizomba - FPSO

Kizomba Satellites: phase 2 pre-FEED and FEED

Kizomba Satellites: phase 1 pre-FEED, FEED, detailed design and procurement services for Kizomba “A” and “B” topsides modifications to handle subsea tiebacks from additional fields

Angola Block 15 Gas Gathering: pre-FEED, FEED, detailed engineering and procurement for Kizomba “A” and “B” topsides modifications to enable gas gathering and export to an LNG plant

Marimba North subsea tieback (AMEC/Fluor Daniel): pre-FEED, FEED, detailed design and procurement support for topsides modifications to Kizomba “A”

Appendix - GOM and Brazil Project: Kizomba A & B modifications - FPSO

AMEC responsible for all topsides engineering design and procurement

Cost reimbursable basis with multiplier as agreed in our continuing engineering services agreement with ExxonMobil DC

Task force approach: personnel rolled from basic engineering to detailed design assuring continuity of knowledge base

Additional follow on engineering and procurement works are still ongoing

Project specific plans and procedures were developed in accordance with Exxon coordination procedures and AMEC corporate guidelines. i.e. GA similar

Appendix - GOM and Brazil Project: Kizomba Satellites – project execution

30 years of experience in Houston as a leading engineering and project management services company

Strong values base; flexible and customer-focused execution process

An industry leader in upstream offshore and onshore projects, greenfield and brownfield

Global portfolio of projects

Integrated project management and engineering delivery systems, accessible globally via the internet – the AMEC Way

The AMEC window for Houston-based oil and gas customers

Appendix – GOM and BrazilHouston overview

Oil & Gas – North SeaAppendixLondon, 30 October

AMEC is a pioneer in the project management, engineering, construction, integration, hook-up and commissioning and asset support of large complex topsides, with a track record spanning over 30 years

Shell: Shearwater (EPIC Alliance)

INPEX: IchthysPre-FEED & FEED

SEIC: Sakhalin II (FEED & DD)

Saudi Aramco: Berri Gas Plant (EPC)

Shell: Bonga (EPIC alliance)

Appendix – North Sea Timeline: major greenfield projects

BP: Clair RidgePre-FEED & FEED, DD

Pioneer in engineering, PM and asset support of large, complex topsides

2012

GDF Suez: CygnusPre-FEED & FEED

2002

2008

2008 2012

2001 2011

2002

1997

89

Oil & Gas – greenfield projects SEIC

FEED, EP work + Arctic environment

Sakhalin II

Project overviewSakhalin II project comprises two fields Piltun-Astokhskoye and Lunskoye, that contain in place reserves of approximately 140 million tonnes (1 billion barrels) oil and 550 billion cubic meters (20 trillion cubic feet) natural gas. The oil reserves equate to more than one year of crude oil exports from Russia at the current level of around 2.5 million barrels per day. The gas reserves represent nearly five years of Russian gas exports to Europe, or enough to supply current global LNG demand for four years

Customer drivers At $10 billion, the largest single foreign investment project in Russia. Sakhalin is

also the first oil and gas project in Russia to be developed under a Production Sharing Agreement (PSA), the first offshore development in Russia and the first LNG project in Russia.

AMEC scope and services AMEC’s scope, following on from FEED, comprised of Detailed Design,

Procurement and Construction/HUC Support for topsides of Lunskoye A & Piltun B offshore Sakhalin Island

Highlights Harsh climate experience (remote areas, extreme temperatures, ecologically

sensitive areas) Technical challenges included extreme climatic conditions in an area prone to

earthquakes, high wave conditions, pack ice, temperatures down to –36ºC and fog

90

Oil & Gas – greenfield projects Shell

A total of 16 topsides facilities weighing 23,000t + Nigeria

Bonga FPSO

Project overviewShell’s Bonga Field development, offshore Nigeria, is a floating production, storage and off loading (FPSO) system

Customer driversThe facilities also have the capacity to produce 170 million standard cubic feet (4.5 million cubic metres) of gas per dayAt 300,000 DWT and with a storage capacity of 2 million barrels of crude oil, it is one of the largest in the world

AMEC scope and services AMEC’s scope of work for the CAPEX phase covered project management,

engineering, procurement, hull tow, fabrication installation/integration, pre-commissioning and commissioning assistance offshore Nigeria. AMEC also had the contract for the first two years of Asset Support for the OPEX phase

AMEC ran three design offices, five fabrication yards, three marine centres and over 120 vendor locations. The design offices were in London, Lagos and Wallsend, while fabrication took place at Wallsend, Warri, Hartlepool, Zwijndrecht and Dubai

Highlights Design risk associated with the extent of hull flexing for this size FPSO Lifting and logistics challenges with a vessel of this size

91

Oil & Gas – greenfield projects INPEX

Post Pre-FEED, FEED + Australia

Ichthys

Project overview The Ichthys Gas Field is approximately 40km by 20km and consists of two

reservoirs called the Brewster Member and the Plover Formation .The main reservoir is the Brewster Member and can be broadly divided into two sections, the upper and lower sandstone. The Brewster Member reservoir has a carbon dioxide (CO2) content of 8.45mol% and the Plover Formation reservoir has a CO2 content of 17.0mol%

Customer drivers INPEX Browse's CO2 management strategy is to vent this CO2 onshore and

offset the impact on the environment by bio-sequestration

AMEC scope and services AMEC executed the Post pre FEED contract to assess pre FEED work

completed by third parties and continued into FEED execution for the Ichthys gas field development project

AMEC has provided overall project management services for the FEED scope of work including managing all interfaces with subcontractors Aker Solutions and JP Kenny and other 3rd party suppliers

Highlights INPEX Browse was a new customer to AMEC

92

Oil & Gas – North Sea greenfield projects Shell/Esso

ShearwaterProject overview Shearwater is a gas/condensate development located in the central North Sea and is

characterised by its HP/HT reservoir conditions. The field has been developed on a two platform basis consisting of a large PUQ (process, utilities quarters) platform with an integrated deck weighing 11,700 tonnes (max dry weight) supported by a conventional four legged steel jacket bridge linked to an unmanned 2,500 tonnes wellhead platform. The wellhead facilities were designed for full fluid transfer with all processing being performed on the PUQ platform

Customer drivers All minimum conditions of satisfaction met and exceeded All schedule targets met and associated incentives paid

AMEC scope and services Shearwater was developed on an alliance basis by the Shearwater Development

Alliance of Shell Expro / AMEC / Heerema (SDA) with an integrated management team and aligned goals. SDA was responsible for the pre conceptual field development, design, engineering, procurement, fabrication, load out, transportation, installation, hook-up and commissioning followed by of initial operation of the total scope of work. Shell also awarded AMEC the ISC (integrated services contract) for the first two years of field life

Highlights World record offshore crane single lift of 11,686 tonne for the PUQ integrated deck

93

94

Appendix – North Sea Brownfield definition

Same services as greenfield – but packaged for existing assets Studies, front end and detailed engineering Sometimes procurement, project management and

construction management

Market characteristics Growing business – applicable to all maturing locations Used to be linked to O&M – now treated separately Regional Centres of excellence Value based and KPI driven

Customer drivers Minimum impact upon existing assets / existing

production Good cash conversion (new fields / changing reservoir

characteristics) Hub approach to an asset (rather than reservoir) Regulatory involvement and aging assets

95

Jasmine facilityProject overviewJasmine development, located approx 5.5 miles west of existing Judy production facility, will comprise: Jasmine wellhead platform (WHP), accommodation, utility platform bridge-linked to

WHP Judy riser and separation platform (JRP) with additional Judy well slots bridge-linked

to the existing Judy platform Jasmine will use existing processing capacity on Judy platform – extending the life of

the asset Jasmine is complex - with a high pressure, high temperature (HP/HT) gas-

condensate reservoir

Customer drivers COP’s biggest development globally; minimum impact to existing production;

integration of new facility to mature asset (control systems, process etc) Judy production is 11m bbls liquids and 74m cubic feet gas

AMEC scope and services Contract includes brownfield detailed engineering and procurement for existing Judy

platform and the hook-up and commissioning of the new Jasmine facilities

Highlights Brownfield project modifications on schedule

Complex large brownfield modifications - integration

Appendix – North Sea brownfieldConocoPhillips

Alder Module

Project overview Sub sea tie back to Britannia Platform Limited space offshore for the module and offshore accommodation

Customer drivers Develop existing facility as a hub platform Minimum impact to existing production Integrating new facility to mature asset (control systems, process etc) Safety

AMEC scope and services Engineering of new 1,000 tonne module Offshore construction works including Hook Up while facilities produce 100+ engineers and construction staff Procurement and project management

Highlights Deployment of intelligent engineering systems – industry first on

brownfield Technically innovative solution to attach the new module

Differentiated by fully integrated greenfield and brownfield capability

Oil & Gas – North Sea brownfield projectsConocoPhillips

96

Appendix – North Sea Norway market overview

Market

Recent Norwegian discoveries have driven growth in North Sea reserves Johan Sverdrup (1.7 - 3.3bn boe) Skeugard/Havis (400 - 600 mmboe)

Opening of frontier areas for exploration

Key Players

Statoil is the largest operator

A number of large IOCs are also present (Exxon, ConocoPhillips, Shell, BP, Total)

Aker Solutions and Aibel are the market leaders for O&G services

Opportunity

AMEC Aibel collaboration agreement Greenfield and brownfield projects AMEC engineering knowledge Aibel access to market, fabrication and hookup

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