Petrofac is an international oil and gas services company focused on engineering, construction, and operations. It has over 30 years of experience executing hundreds of projects globally. The document provides an overview of Petrofac's values, business units, HSSE commitment, and recent projects. Key areas covered include engineering and construction, engineering services, offshore engineering and operations, training services, and production solutions.

1. Quarter II, 2011
An introduction to Petrofac

2. Values
Petrofac is a culturally diverse, international company, united by shared values.
Petrofac people are:
• safe
• ethical
• innovative
• cost-conscious
• responsive to customers
and always focus relentlessly on delivering results.

3. What we do? And where?
• Petrofac is a leading provider of facilities solutions to the international oil & gas
industry
• We design and build oil & gas infrastructure; operate, maintain, and manage
facilities and deliver competence-led training; and where we can leverage our
service capability, develop and co-invest in upstream and infrastructure projects
• We have 30 years’ experience of supporting oil & gas production and processing
and a successful track record of several hundred projects
• Our key markets are the Middle East and Africa, CIS and Asia Pacific and UK
Continental Shelf: these markets account for 70% of the world’s proven oil
reserves and 85% of its proven gas reserves

4. Petrofac is committed to HSSE excellence
HSSE

5. HSSE
Vision
• Petrofac will be acknowledged by our industry as a standard setter in HSSE management,
an expert in delivering high HSSE performance from diverse workforces in challenging
operational environments.
Commitment
• Petrofac Board of Directors has ultimate responsibility for health, safety and environmental
performance. This responsibility and the Board’s commitment to the achievement of
HSSE excellence are the foundations of our Business Management System.
• We are committed to a target of zero accidents. We will ensure that our activities are not
injurious to health and endeavour to minimise adverse impact on the environment.
• All Petrofac employees and contractors are required to meet these commitments as an
integral part of their work.
On behalf of the Board of Petrofac Limited:
Ayman Asfari
Group Chief Executive Officer

6. Our golden rules of safety
It is an achievable and sustainable expectation of every one of our members of
staff world-wide that they should be able to go home at the end of the working day
without having suffered or caused harm.

7. HSSE statistics summary for Petrofac Group
0.4
0.35 OGP* 2009 (RIFR)
~ 0.35
Incident Rate/200,000 Manhours
0.3
0.25
0.2
0.15
0.1
OGP* 2009 (LTIFR)
~ 0.09
0.05
0
2007 2008 2009 2010 2011 YTD
RIFR 0.35 0.32 0.36 0.18 0.12
LTIFR 0.067 0.033 0.020 0.026 0.013
*OGP – association of oil & gas producers

8. Petrofac is a culturally diverse,
international company, united by shared
values
AT A GLANCE

9. Group history 2010 – PED demerge UKCS assets,
Revenue – US$ millions acquisition of CO2DeepStore and TNEI:
strategic step into renewables sector
2010 4400 2008 – Petrofac Emirates
& Petrofac Saudi Arabia
2009 3655
2008 3330
2007 2440
2006 1864
2003 – Petrofac
Mumbai
2005 1485
2007 –
2001 - Petrofac Petrofac, Chennai,
Engineering, London Petrofac
IKPT, Jakarta, Petrofac, Beiji
1991 - Petrofac ng
International, Sharjah, UAE 2005 - Petrofac Limited
Ayman Asfari joins as CEO listed on London Stock
Exchange
2004 - Petrofac Training
established (now Training
Services) (acquisition)
1997 - Petrofac 2002 - Petrofac Facilities
1981 - Petrofac
Resources, London (now Management, established (now Offshore
Inc, Tyler Texas
Petrofac Energy Developments Engineering & Operations), Aberdeen
– {PED}) (acquisition)
Also, Incorporation of Petrofac Ltd

10. Petrofac at a glance
• Financial
– a constituent of the FTSE100 Index
– approximate market capitalisation of approximately US$8 billion
– 2010 revenue US$4.4 billion
– largest of the oil services sector listed in the UK by market capitalisation
– sector leading backlog: outstanding revenue visibility
– a long-term record of delivering exceptional growth and returns for shareholders
• Personnel
– around 14,000 personnel representing approximately 60 nationalities
• Performance
– Worldwide Engineering News - Record (ENR) Survey 2009 rated Petrofac again
in the top 10 international contractors in the oil & gas industry

11. Petrofac at a glance
• Operations
– delivers life-of-asset services through seven business units
– currently executing projects with a combined value in excess of US$10 billion
– strong position in Middle East/ North Africa and with National Oil Companies
who have been continuing to invest in spite of the recessionary environment
– deep experience in operating and improving mature production – increasing
rates of depletion are a big challenge
• Locations
– major operating centres in UAE, the UK and India supported by a network of
20 offices around the globe

12. Operating locations Moscow Atyrau
Baku
Milan Abu Dhabi
Aberdeen Sharjah
Sakhalin
Woking Bishkek
London Beijing
Algiers
Houston
Mumbai
Tunis
Khartoum
Muscat Chennai
Lagos Doha Kuala Lumpur
Singapore
Ahmadi
Khobar
Jakarta
Iraq
Damascus
Main operational centres
Other operating locations
Corporate services

13. Petrofac – organisational structure
Group Chief Executive
Ayman Asfari
Group Chief Operating Chief
Officer Executive, Energy
Developments &
Maroun Semaan Production Solutions
Andy Inglis
Engineering & E&C Ventures Engineering Offshore Engineering Production Energy
Training
Construction (EPC) (EPC) Services & Operations Solutions Developments
S S Sarma Marwan Chedid Rajesh Verma Bill Dunnett Paul Groves Gordon East Rob Jewkes
Petrofac IKPT Sharjah Offshore projects Plant Asset Management Upstream
SPD
Petrofac Emirates Woking Operations Energy Infrastructure
(Well operations)
Petrofac Eclipse
Mumbai Floating Production
Saudi Arabia (Petroleum Technology)
Caltec
Chennai
(Production Technology)
Qatar
Technical Integrity
Assurance

14. Business units - services
Engineering &
Construction  Engineering Procurement & Construction (EPC)
 Project management
Engineering &  Lump sum EPC
Construction Ventures
 Consultancy
Engineering Services  Front End Engineering Design (FEED)
 Project Management Consultancy (PMC)
Offshore Engineering  Offshore Projects
 Operations
& Operations
 Competency consultancy, delivery and assurance
Training Services  Design of training facilities / business planning and operations
 Technical O&M, HSE, emergency response and crisis management training
 Facilities management  Well engineering & well consultancy
Production Solutions  Production enhancement  Production modelling & optimisation
 Improved reservoir recovery
 Investment in upstream opportunities based on proven hydrocarbon reserves
Energy Developments and in oil & gas infrastructure, leveraging our core skills

15. Petrofac – group personnel
Petrofac
Petrofac Offshore Group
Petrofac Training Petrofac Production Petrofac Other
Petrofac E&C and Engineering Services Engineering & Total
Services Solution Energy Developments Groups
Operations
Technical & Support Services
Construction /
Mumbai &
Woking UAE Jakarta (IKPT) sites UK International UK International UK International UK International
Chennai
worldwide
Senior Management 2 12 10 2 0 24 0 2 8 15 5 5 5 29 119
Project & Construction Managers 0 8 78 4 55 22 12 1 4 1 4 5 10 0 204
Engineering, Design & Drafting 1556 179 1739 193 39 402 26 1 1 0 0 0 4136
Project Controls 14 12 96 2 64 0 0 188
(Planning / Scheduling)
Procurement Services & Logistics 0 7 223 1 96 98 18 1 77 0 23 544
QA/QC/HSE 8 5 172 6 464 96 10 1 14 1 25 0 7 0 809
Fabrication Shop 0
Commissioning, Start-up and 26 0 43 153 222
Operations
Construction 0 0 30 667 697
Contract Admin. Sales & Marketing, 69 34 615 22 627 281 68 113 55 27 51 22 125 33 2142
Proposals, Regional Staff, Consultancy
Management, IT support, Local staff
etc.
Technical Operational Services 0 0 0 0 2597 751 142 92 90 849 6 350 0 4877
TOTAL 1675 257 3006 230 2165 3520 885 260 174 135 1011 38 520 62 13938
7333 4405 434 1146 558 62 13938

16. Behaving responsibly
• Underpinned by its core values and code of business conduct, Petrofac
promotes responsible and ethical behaviour in its four key social
responsibility areas:
– Community - investment in the community to general improved social
capacity outcomes
– Workplace - support working practices that prioritise the welfare and
diversity of employees
– Marketplace – focuses on ethical supplier management
– Environment – implements sustainable operational practices

17. Focused relentlessly on delivering results
Executing projects
onshore and offshore
around the globe

18. Engineering &
Construction

19. Engineering & Construction (E&C)
Engineering & Construction Ventures (E&CV)
• Oil & Gas
– oil & gas gathering and production facilities
– crude separation / stabilisation
– gas processing / compression
– LPG / NGL recovery including turbo-expander plants
– liquefaction of Natural Gas & cryogenic facilities for LNG transportation &
storage
– high pressure water & gas re-injection
– sulphur recovery
– oil terminals & pumping stations
– flowlines and pipeline systems

20. E&C, E&CV
• Refining
– crude distillation units and vacuum distillation units
– distillate and LPG treating units
– catalytic reformers
– hydrotreating
– isomerization units
– alkylation units
– acid gas removal units
– sulphur recovery units
– sour water stripping units
– crude desalters / electrostatic treaters
– asphalt plants
– hydrogen plants
– offsites and utilities

21. E&C
Focussing on lump sum EPC projects in existing Petrofac markets
Middle East CIS
• Bahrain • Azerbaijan
• Kuwait • Georgia
• Iraq • Kazakhstan
• Oman • Kyrgyzstan
• Qatar • Russia
• Syria
Sub-Sahara Africa (potential)
North Africa • Angola
• Algeria • Ghana
• Egypt • Mozambique
• Libya • Nigeria
• Tunisia • South Africa
• Uganda

22. E&CV
• Taking Petrofac into new markets through
– Petrofac Emirates (joint venture with Mubadala Petroleum Services
Company)
– Petrofac Saudi Arabia
– Petrofac IKPT
• Focusing on Lump sum EPC contracts in
– UAE
– Saudi Arabia
– Turkmenistan
– Malaysia
– LNG worldwide through our strategic joint venture with IKPT

23. EPC capability
• Integrated EPC service
• Project management
• In-house design and engineering
• Procurement of materials and equipment
• Transportation of materials to site
• Fabrication and onsite construction
• Commissioning and start up
LUMP SUM EPC
Project Management
Engineering Procurement Fabrication & Construction Commissioning & Startup

24. Recently completed & current, EPC projects
PROJECT COUNTRY PROJECT VALUE SCOPE
Turkmengas - South Yoloten gas field project Turkmenistan US$ 3,979 mm FEED/EPC
Agip KOC -Kashagan field development Kazakhstan US$ 2,500 mm EP&CM
ADCO – Asab field development project UAE US$ 2,452 mm EPC
El Merk - Central Processing Facilities (CPF) Algeria US$ 2,216 mm EPC
Gasco - NGL4 , Ruwais, integrated gas development project UAE US$ 2,100 mm EPC
PDO - Harweel field development project Oman US$ 1,400 mm FEED/EPC
ISG – Southern fields development project Algeria US$ 1,200 mm EPC
AGT - pipelines and pumping stations Georgia & Azerbaijan US$ 1,140 mm EPC, JV
Total – Laggan Tormore gas plant project United Kingdom (Scotland) US$ 800 mm EPC
KOC – facilities upgrade project Kuwait US$ 800 mm EPC
ISG - In Salah Gas compression project Algeria US$ 665 mm EPC
Ohanet gas development project Algeria US$ 660 mm EPC, JV
QP, gas sweetening facilities Qatar >US$ 600 mm EPC
Karachaganak - fourth stabilisation & sweetening train project Kazakhstan US$ 600 mm FEED/EPCM
Petro Canada - Ebla gas plant project Syria US$ 565 mm EPC
KOC – 40” gas pipeline Kuwait US$ 550 mm EPC
Saudi Aramco – Karan utilities and offsites Saudi Arabia Undisclosed EPC
BG - Hasdrubal terminal project Tunisia US$ 475 mm EPC
HPC - Jihar development project Syria US$ 433 mm EPC
KOC - Water injection project Kuwait US$ 430 mm EPC
KOC – Pipeline project Kuwait US$ 400 mm EPC
PDO - Kauther depletion compression project Oman >US$ 350 mm EPC
Petronas – Sepat offshore early production system Malaysia US$ 280 mm EPC
Shell – Majnoon early production system Iraq >US$ 240 mm EPC

25. Engineering Services

26. Business unit offering – Engineering Services
Engineering Services (ES)
(ES)
• Specialist expertise in:
– consultancy, feasibility studies, front-end engineering and design (FEED)
– detailed engineering, health safety and environmental studies
– value engineering, operability and operational enhancement studies
• Encompassing:
– onshore / offshore, oil & gas plants, LNG plants & refineries
– full-field development plans with associated technical, commercial and risk
studies
– process engineering and flow assurance
– project analysis: costs, schedules and risk management
– health, safety and environmental studies
– HAZOP, HAZID, ALARP, SIL, RAM, QRA
– full project management and services (PMS) from project concept through
delivery

27. Business unit offering – Engineering Services
Engineering Services (ES)
(ES)
Industry recognised subject matter experts in:
• Process: • Safety:
– Oil & gas processing – Quantitative risk analysis (QRA)
– Dynamic simulation – Consequence and dispersion modeling
– Flow assurance
– LNG • Mechanical:
– Coal to liquids – Rotating machinery
– Gas to liquids – Heat transfer
– Carbon capture
– Distillation • Civil/structural:
– Refining – Geotechnical
– Concrete and steel structures
– Earthquakes

28. Engineering services, major references
CLIENT/PROJECT COUNTRY VALUE
Karachaganak - Phase III – FEED / early works Kazakhstan US$ 280 mm
BP / Rusia - Kovykta regional gasification project Russia US$ 60 mm
SonaHess - El Gassi oil optimisation project Algeria US$ 16 mm
Karachaganak - Fourth stabilisation and sweetening Kazakhstan US$ 14 mm
train – FEED
Total - Kharyaga phase III FEED Russia US$ 12 mm
OMV - Strasshof field development Austria US$ 6 mm
BG – Hasdrubal field development, concept/FEED Tunisia US$ 5 mm
TNK BP- Rospan Field Development Russia US$ 5 mm
Lundin – Oudna field development Tunisia US$ 4 mm
Statoil - South Zagros development Iran US$ 2 mm

29. Offshore Engineering
& Operations

30. Offshore Engineering & Operations
Offshore projects Pre-operations Duty Holder and Modifications and
support operations support maintenance
- Lump sum EPC - Logistics - Management of HSE -
- Conceptual - Supply chain regulatory compliance Conceptual, FEED, d
- FEED and detail management - Transition etail design
design - Mechanical management - Commissioning and
- Project management services - Logistics/ supply decommissioning
- Commissioning - Metering chain management - Shutdown
- Mechanical and management
metering services - Subsea step-outs
- Maintenance

31. …across a range of assets and locations
Laggan-Tormore gas plant
United Kingdom Middle East and North Africa
Murchison
GPIII Ninian
Sharjah Govt: Sajaa
Forties Gas Plant
Auk North
Malaysia
Topaz
Grove
Cendor
E&C contract

32. Operations – current contracts
• BP
– maintenance services for all UK offshore assets and Dimlington
Plant (2010 – 2015)
• Sharjah government
– facilities management of Sajaa gas plant and related assets, UAE
• EnQuest
– duty holder of the Northern Producer since 1997, now operating on
the Don field, UKCS
– duty holder of Thistle and Heather platforms, UKCS
• Centrica
– duty holder of Kittiwake
– project support and manpower services for Morecambe Bay assets,
East Irish Sea
• Eni
– duty holder of Bacton onshore terminal and Hewett offshore
platform
• Marathon
– engineering, construction, operations and maintenance services to
Braes, UKCS

33. Building contracting models to fit customers’
operational requirements
Duty
Holder
Reward
Direct Direct
management management
Experienced Experienced Experienced
supervision supervision supervision
Skilled and competent Skilled and competent Skilled and competent Skilled and competent
people people people people
Manpower supply Supervised teams Performance management Duty Holder/JVO
contracts
Responsibility

34. Current projects
• Total
– EPC for gas processing plant for Laggan and Tormore
fields, Shetland, UK
• Maersk
– engineering services for Maersk’s UKCS offshore assets
• Apache
– engineering and construction services for Forties field,
UKCS
• Talisman
– Claymore compression upgrade, UKCS
• Centrica
– engineering and construction services for offshore
modifications, Kittiwake, UKCS
• EnQuest
– engineering and construction services for offshore
modifications – Northern Producer

35. Training Services

36. Training Services overview
• A leading provider of competence-led operations, production, technical, HSE,
emergency response and crisis management training services with over 30
years’ experience
• Over 450 highly experienced trainers and assessors
• Training centres in: Aberdeen, Montrose, Baku, Singapore, Sakhalin, Houston,
Homs, Hassi Messaoud
Services include:
Competency consultancy
Competency consultancy Competency delivery
Competency delivery Competency assurance
Competency assurance
••Training appraisal studies
Training appraisal studies ••New hires -- foundation development
New hires foundation development ••Assessment and verification
Assessment and verification
••Training needs analysis
Training needs analysis
programmes for school leavers, technical
programmes for school leavers, technical ••Accreditation
Accreditation
••Design of training interventions diploma holders and engineering degree
diploma holders and engineering degree ••Tracking, recording and reporting
Tracking, recording and reporting
Design of training interventions holders
(curriculum) holders
(curriculum)
••Design of training facilities // ••Existing staff -- re-skilling and up-skilling
Existing staff re-skilling and up-skilling
Design of training facilities development programmes
business planning and development programmes
business planning and
operations readiness ••Training centre operations and
Training centre operations and
operations readiness
management
management
••Train the trainers and workforce
Train the trainers and workforce
nationalization programmes
nationalization programmes

37. Training facilities
Chemical Process Technology Centre (CPTC) - Caspian Technical Training Centre (CTTC) - Baku
Singapore
Emergency response & Survival training - UK
Fire training - UK
crisis management
USA / UK / Singapore / UAE

38. National workforce development
• Developing safe and competent national workforces
– “Petrofac competent workforce scheme”
• Structured competence based training to meet client requirements
– “competence drives training”
• Learning outcomes designed to ensure both generic and clients site specific
process applications are delivered
• Behavioural safety, health & environmental training delivered as a common
thread throughout the life of the programme
• Programme can be structured in stages depending on existing skill level
– pathway to competence

39. Production Solutions

40. Production Solutions (PS)
• Co-investment through risk service and production enhancement contracts
• Plant Asset Management (PAM)
– specialist consulting in maintenance and integrity, structural
integrity, supply chain management
– operational and project management consultancy
• Well construction and operations (SPD)
– well construction, well engineering and well consultancy
• Petroleum technology (Eclipse)
– field development optimization
– production modelling and optimisation
– well life cycle risk management
– Production optimisation software - PetroAtlas
• Production technology (Caltec)
– production enhancement solutions by the application of novel boosting
and compact in-line separation technologies

41. PS - integrated investment projects
Services and funding capability joined: services provided at risk, and repaid out of
production in a range of commercial arrangements to suit the asset, partners and
regulatory situations
• Production enhancement contract: • risk service contract eg. new well tie-back, where PS:
• Tariffs on mature field redevelopment – pays share of drilling/tieback costs
– Petrofac takes over operations and invests to – repaid a negotiated multiple of its costs once production
improve efficiencies and enhance reservoir starts-can be phased over time.
production – involvement complete once payback achieved. Period
– repayment from negotiated tariffs for can be extended to provide operational services
baseline/incremental production Risk Service Contract
60.0
40.0
.
20.0
Cashflow, $MM
0.0 2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
-20.0
Partner Cashflow
-40.0
PS Cash Flow
-60.0
-80.0

42. Energy Developments

43. Energy Developments
Co-investment and asset management
• Co-investment, as equity or quasi-equity, in oil & gas
production, processing and transportation assets
• Leveraging the group’s extensive engineering and operations capability
to better understand and help mitigate development risks, enhancing
project returns in complete alignment with partners
• Technical, operational, commercial and asset management skills
brought alongside the strong financial resources of the group
• By combining the group’s facilities and infrastructure services with the
capability to assess the balance of reservoir and development
risks, Energy Developments pursues both upstream, discovered but
undeveloped oil & gas assets and downstream infrastructure, including
refineries, pipelines, oil terminals, storage facilities and gas processing
facilities
• Energy Developments’ investment portfolio consists: Block
PM304, offshore Malaysia; Berantai field development offshore
Malaysia, Chergui concession in Tunisia; the Gateway gas storage
project in the East Irish Sea; the Kyrgyz refinery in Kyrgyzstan, and the
Ohanet gas field in Algeria.

44. The Petrofac co-investment model
“Petrofac provides innovative and integrated solutions to the
global oil & gas industry. We invest in projects in which we
can apply our know-how, execution capability and financial
resources to create value and align with our customers”
Petrofac Energy Developments (PED) aims to act as "the integrator" - to
provide an alternative, attractive and flexible mechanism to deliver
services to our customers.

45. Expanding our
portfolio -
renewables & carbon capture

46. newenergy
• During 2010 Petrofac made a strategic step into the low carbon and renewables
energy sector by acquiring two specialist businesses which, combined with
Petrofac’s extensive portfolio, leverage the extension of our services into the
offshore wind and carbon capture and storage sectors
• Offshore wind
– TNEI
• a specialist consultancy supporting the energy, power and renewables
sectors providing services in the areas of power transmission and
distribution, planning and environmental consent and energy
management
• Carbon capture and storage
– CO2DeepStore
• co-investors in transport and storage aspects of carbon capture and
storage (CCS) projects, to deliver a CO2 storage service to major
emitters

47. For further details contact
David Lufkin
Head of Business Development
david.lufkin@petrofac.com
+971 6 574 0999
Kaye Krause-Whiteing
Group Marketing Director
kaye.krause-whiteing@petrofac.com
+971 6 574 0999