Offshore Energy IntegrationWorkshop October 30 th 15.00 17.00pm. - PowerPoint PPT Presentation

Offshore Energy IntegrationWorkshop October 30 th 15.00 – 17.00pm. P&J Live, Aberdeen Trade Mark and Copywrite property of Indigo TiGRE Ltd Confidential Confidential

TiGRE: Transition to integrated Gas and Renewable Energy Trade Mark and Copywrite property of Indigo TiGRE Ltd Confidential June 2018 Confidential

An opportunity to monetise the value of gas in the field by generating power offshore and transporting it to market via existing electricity transmission infrastructure. The TiGRE™ Group has developed proprietary IP based on extracting maximum arbitraged value from the power markets when integrated with offshore gas operations. The key benefits of TiGRE are: ➢ Utilise readily accessible indigenous resources and pre-invested infrastructure to create low carbon baseload power generation that makes a material contribution to transition of the UK to a zero- The TiGRE carbon economy by 2050; ➢ Help deliver the OGA’s primary objective of Maximizing Economic concept Recovery of UKCS oil & gas; ➢ To provide alternative monetisation opportunities for small new discoveries and mature gas fields, maximising economic recovery of gas reserves beyond 2030 while improving the economics of SNS gas production infrastructure to both increase and extend gas production and to bring significant added value to the UK economy by deferring the fiscal impact of decommissioning; and ➢ A cost reduction opportunity for offshore wind by bringing more efficient utilisation of capital investment in transmission infrastructure and helping offshore windfarms to become firm, flexible and dispatchable baseload. Confidential

TiGRE Strategic and Commercial Value Add Gas field operators: UK Plc: Wind farm operators: • Alternative route to market when • More efficient use of • Balancing power availability at marginal cost of gas production transmission infrastructure, point of NG connection becomes sub economic therefore reducing the net cost of extending gas production from • More efficient use of electricity and gas to UK mature fields in SNS transmission infrastructure, consumers reducing net use of system • Deferral of the fiscal impact of • Alignment with the OGA’s charges decommissioning mandate to deliver MER for the • Lower cost of operations and • Tax efficiency UKCS maintenance through shared • Reduced cost of power supply to • Extending the life of indigenous services agreements gas platforms removing the natural gas resources and • Opportunity to achieve requirement for in situ generation reducing reliance on imports continuous cost reductions and • Increase booked gas reserves by • Reduced exposure to reducing LCOE around 15% decommissioning liabilities • Alignment with the OGA’s mandate • Opportunity for a transitional to deliver MER for the UKCS energy solution CROSS INDUSTRY COLLABORATION AND ALIGNMENT WITH GOVERNMENT POLICIES AND PRIORITIES June 2018 Confidential Trade Mark and Copywrite property of Indigo TiGRE Ltd Confidential