Research: FPSO activity and financing set to increase dramatically by 2012 - www.fpsoasia.com

The FPSO Network, along with the 12th annual FPSO congress conducted a survey with close to 3,000
FPSO professionals and the general consensus in the industry at the moment seems to be that FPSO
activity levels in 2011 and 2012 will surpass that in 2010.

And it seems that the growth of activity in FPSO sector seems to be a result of increased financing which
disappeared during the financial crisis. 86.1 percent of those polled believes that FPSO financing is set to
rise again in 2011 and 2012, 44.4 percent believe that the dynamics of the operator – owner contracting regime
will shift towards a 50 – 50 percent risk division, 47.2 percent of the respondents expects financing to
remain at its current status.

Unsurprisingly, 44.4 percent of the survey respondents predict equity fund raising to be the most viable
financing option for FPSO projects in the next couple of years. And although a quarter of the respondents believe that alternative project funding structures - leveraging on export credit will be the way forward for FPSO
financing, 16.7 percent of the respondents believe that debt financing will be the future of FPSO
financing.

The 12th Annual FPSO Congress, held from the 19th to the 22nd of September will cover the commercial
and technical aspects of FPSOs globally.

Log on to www.fpsoasia.com for the complete survey results and list of topics that will be covered at the
12th annual FPSO congress.

To register for the 12th Annual FPSO Congress send an email to enquiry@fpso.com.sg

About IQPC Worldwide:
For over thirty years, IQPC has helped the world's leading corporations solve their business challenges
through the sharing of practical industry solutions and global best practice. In the process, the company
has built a formidable reputation for quality and value. The world’s most progressive companies have
benefited from IQPC’s unrivalled global reach, which has connected international expertise with regional
and local leaders.

For more information, please contact:
Rani Kuppusamy
IQPC Worldwide
Tel: +65 6722 9399
Email: rani.kuppusamy@iqpc.com.sg