Operational Excellence and Growth in the Oil & Gas Industry

Life-of-field services expansion ~20% Lag in subsea well recovery ~4000 Wells/XTS >5 yrs. old 14% (CAGR 2013-'17) Intervention segment growth rate INSTALLATION CAPEX Driven 2-3 yrs. PRODUCTION INTERVENTIONS OPEX Driven ~25 yrs. DECOM Annual >$20B (~$10B Spend хт Well Controls Install/Recovery Intervention Upgrades Equipment Repairs Remote Monitoring Well Abandonment Enhancing customer recovery and productivity GE Investor Meeting | 10 September 2014 © 2014 General Electric Company - All rights reserved 39 GE O&G analysis based on McKinsey, Wood Mackenzie, Rystad, Barclays, Quest

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