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Marine Well Containment Company Ocean Energy Safety Advisory Committee Martin W. Massey, Chief Executive Officer July 13, 2011

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Marine Well Containment Company Ocean Energy Safety Advisory Committee

Martin W. Massey, Chief Executive Officer July 13, 2011

Marine Well Containment Company’s Commitment

2

Continuously ready to respond to a well control incident in the deepwater U.S. Gulf of Mexico

Continuously Advancing deepwater Well

Containment in the U.S. Gulf of Mexico

Recognized and Respected Leader in deepwater Well Containment in the U.S. Gulf of Mexico

Marine Well Containment Company Timeline

3

2010 2011 2012

April 20: Macondo incident

July 15: Macondo well initially capped

July 21: ExxonMobil, Chevron, Shell, ConocoPhillips commit to establish Marine Well Containment System (MWCS)

Marine Well Containment Company Timeline

4

2010 2011 2012

April 20: Macondo incident

December 10: MWCC created

July 15: Macondo well initially capped

July 21: ExxonMobil, Chevron, Shell, ConocoPhillips commit to establish Marine Well Containment System (MWCS)

February 17: Interim Containment Response System (ICRS) ready; officers announced

March 31: Formation period ends; 10 member companies

5

MWCC’s Membership

About Our Company

6

Independent, not-for-profit company

10 members, each with an equal share and an equal vote

Investment of over $1 billion

Maintain equipment and be prepared for deployment

System available to all

Advancing well containment technology

Interim Containment Response System: Ready To Be Deployed

7 Containment System diagram

8

Interim Containment Response System Capping Stack

Interim Containment Response System Continually Ready to Go

9

Quarterly Capping Stack Pressure/Function Test Dispersant stock held in Houston

Equipment maintained in response ready state

Emergency Response Plan developed and resource

training and drills on-going

Fully Engaged with BOEMRE

10

Participation in Responsible Party Checklist workshop for new member companies

Functional Specification review

Onsite review and witness testing of capping stack—two different site visits

Onsite review of Interim Containment Response System equipment

Quarterly updates to BOEMRE

TLP/SPAR containment plan development

Interim Containment Response System documentation for 10,000 feet capping stack

SHELL

Permits Granted Based on MWCC’s Interim Containment Response System

11

Marine Well Containment Company Timeline

12

2010 2011 2012

April 20: Macondo incident

December 10: MWCC created

July 15: Macondo well initially capped

July 21: ExxonMobil, Chevron, Shell, ConocoPhillips commit to establish Marine Well Containment System (MWCS)

February 17: Interim Containment Response System (ICRS) ready; officers named

March 31: Formation period ends; 10 member companies

June: Non­member applied for permit

June 14: Capping stack ready for 10,000 ft.

June: TLP/SPAR containment plan finalized

Marine Well Containment Company Timeline

13

2010 2011 2012

April 20: Macondo incident

December 10: MWCC created

July 15: Macondo well initially capped

July 21: ExxonMobil, Chevron, Shell, ConocoPhillips commit to establish Marine Well Containment System (MWCS)

February 17: Interim Containment Response System (ICRS) ready; officers named

March 31: Formation period ends; 10 member companies

June: Non­member applied for permit

June 14: Capping stack ready for 10,000 ft.

June: TLP/SPAR containment plan finalized

Shorebase Expanded system delivered and ready

Expanded Containment Response System: In Development

14

Expanded Containment Response System Capture Vessel

15

Subsea Support Module

25KBD Module

Flare Module

Turret Module

Marine Well Containment Company’s Commitment

16

Continuously ready to respond to a well control incident in the deepwater U.S. Gulf of Mexico

Continuously Advancing deepwater Well Containment in the U.S. Gulf of Mexico

Recognized and Respected Leader in deepwater Well Containment in the U.S. Gulf of Mexico