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Investor Presentaiton

Offshore O&G Greenfield Capex by Sanction Year Development Costs, $ in Billions $100 Development Cost, Deepwater -Deepwater FID Projects $75 $50 150 125 100 100 75 64 50 50 $25 41 30 34 26 25 $30 $49 $46 $60 $53 $67 40 $0 0 2020 2021 2022 2023F 2024F 2025F Source: Rystad Energy, Subsea Market Report, Q3 2023 Projects Count Ⓡ OCEANEERING 44

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