• Organise to succeed • Start preparation early • Work toward multiple years between outages – but remain flexible to deal with regular production interruptions in a constructive manner • Allow culture to direct but not dictate how things get done • Retain ownership and control – but use the skills and resource of the EPC For the complete presentation, please download it at http://bit.ly/LRlgj3. Alternatively, please visit http://www.shutdownsandturnarounds.us/Share

1. The Cost of Shutting Down
Mike Rudd
Shut Down Manager
Maersk Oil North Sea

2. Introduction
1. Introduction
• Maersk Oil
2. Shut Downs
• Are they best avoided?
3. Ageing installations
• What is an appropriate shut down strategy?
4. Cost of Shutting Down
• Budget for a shut down
• Organising for a shut down
5. Summary

3. Introduction
Maersk Oil North Sea (UK)
• Part of AP Moller Maersk Group
• Has interest in 14 producing fields
• Has development plans underway for Golden Eagle, Hobby and Pink fields as well as the Flyndre area.
• Is appraising the Culzean gas discovery to determine development options.
• Participates with varying interests in more than 50 exploration licences in the UK.
• Operates three assets (Global Producer III, Janice Alpha, Gryphon Alpha)