DeepStar Phase XII CTR Project Proposal 1) CTR No.: 2) CTR Title: To be completed by DeepStar staff 3) Submitted by: (include name, company, phone & email) 4) Technical Champion: (name, company, phone, Email) 5) Technical Committee: (Geosciences, Regulatory, Flow Assurance, Subsea Sys., Floating Sys., Drilling & Completion, Reservoir Eng., Metocean, or Systems Eng.) 6) Est. Duration of CTR (Months): 7) BACKGROUND AND BUSINESS CASE INCENTIVE TO INVEST: Technical Manager A compelling and to the extent possible quantifiable description of the Business need and why DeepStar should invest in the technology / effort / activity. a) A single paragraph summary of overall opportunity / need b) REFERENCE Case: What will happen (or won’t happen) if the proposed work is not done c) INVESTMENT Case: What will happen (or won’t happen) if the proposed work is done d) PROJECT value: Difference between the above 2 cases e) List of assumptions for the above and discussion on any alternate solutions considered 8) PROJECT (OVERALL) FRAMING & OBJECTIVE: A time-line summary of all the activities / actions / major decisions and funding necessary to meet / achieve the Business Case need as outlined in 7 above. Timeline should be overlaid with TRL progression with appropriate stage-gates from current state of technology maturity to ultimate and point (Major Capital Project ready / Commercialization / Standard / etc.) Superimposed and highlighted along the timeline should be the subject CTR, start to finish. (see example/illustration on pg. 2) Along with the timeline please provide: a) Clear statement of where the technology stands today (TRL?) and summary of any related work on the topic. b) Clear statement of what the subject CTR will do to progress the need from current state (TRL) through to commercial solution – or the next identified stage-gate. Show clear linkage to a DeepStar operator identified challenge / need. c) Some detail on next step / stage-gate and general summary of remaining activities after successful execution of subject CTR. 9) PROJECT (CTR) ABSTRACT: Single ¶ description of subject CTR work (This is a subset of the overall opportunity summary required under 7a. above. 10) PROJECT (CTR) SCOPE OF WORK: This will be used to define the extent of the work under subject CTR as well as the limits / boundaries. Define the work required to be done under subject CTR to achieve the Deliverables in 11 below. Include and required / all sub tasks. SME 11) DELIVERABLES (CTR): A list of specific and tangible Deliverables and metrics of the project. How will you know when the project is complete? How will work quality / success be evaluated? 12) PROJECT (CTR) ESTIMATED COST AND SCHEDULE RATIONALE: Estimate the cost and schedule required to complete the work proposed in subject CTR. This is an expanded subset of the overall timeline required in 8 above. Sufficient detail should be provided to justify the estimate. Estimates can be based upon manpower, equipment and/or expense requirements. 13) PROJECT (CTR) TOTAL ESTIMATED COST IN US$: Rev 2013, 02-20 DeepStar confidential $ Page 1 of 4 DeepStar CTR Proposal Instructions Submission Deadline: MINIMUM - 1 week before respective June Quarterly TC meetings A standardized submission form is used to ensure that proposed technology is aligned with DeepStar’s technical strategy and enables a comparative evaluation of competing CTRs. The form is to be completed before a potential CTR will be considered for funding by the DeepStar Technical Committees or Management Committee. The form will be used to evaluate the comparative merits of each proposed CTR. The completed form should: • Define the technology or regulatory need • Identify the business need for the technology and the “challenge” addressed • Quantify the value of the technology • Summarize the deliverables and work plan for accomplishing the objectives • Forecast the budget based upon manpower, equipment and expense requirements Please do not include confidential information on the form. Specific details regarding each form input cell are illustrated below. Please enter all text in the unhighlighted (white) cells. 1) CTR No.: DeepStar staff will enter this number upon submission. 2) Project Title: Enter the project title. 3) Submitted by: Enter the full name, company/academia name, phone and email of the person(s) who submits the CTR. 4) Technical Champion: Enter the full name, company name, phone and email of the Champion. The Project Champion is a subject matter expert who has a direct interest in and time available / allocated to advancing the technology impacted by the CTR. The Project Champion adds further value by bringing an end-user perspective to the development of the technology, ensuring the technology developed meets industry needs. A CTR may be submitted initially without an identified Champion, but a Champion must be identified and agreed prior to balloting. 5) Technical Champion: Enter Technical Committee name. Enter multiple if there is synergy and / or overlap 6) Est. Duration of CTR (months): Enter the estimated number of months to complete the project. 7) Background & Business Case Incentive to Invest: A compelling and to the extent possible quantifiable description of the Business need and why DeepStar should invest in the technology / effort / activity. f) A single paragraph summary of overall opportunity / need g) REFERENCE Case: What will happen (or won’t happen) if the proposed work is not done h) INVESTMENT Case: What will happen (or won’t happen) if the proposed work is done i) PROJECT value: Difference between the above 2 cases j) List of assumptions for the above and discussion on any alternate solutions considered 8) Project (Overall) Framing & Objective: A time-line summary of all the activities / actions / major decisions and funding necessary to meet / achieve the Business Case need as outlined in 7 above. Timeline should be overlaid with TRL progression with appropriate stage-gates from current state of technology maturity to ultimate end point (Major Capital Project ready / commercialization / Standard / etc.). Superimposed and highlighted along the timeline should be the subject CTR, start to finish. (see example below) Rev 2013, 02-20 DeepStar confidential Page 2 of 4 Along with the timeline please provide: a) Clear statement of where the technology stands today (TRL)? and summary of any related work on the topic. b) Clear statement of what the subject CTR will do to progress the need from current state (TRL) through to commercial solution – or the next identified stage-gate. Show clear linkage to a DeepStar operator identified challenge / need. c) Some detail on next step / stage-gate and general summary of remaining activities after successful execution of subject CTR. 9) Project (CTR) Abstract: Single paragraph description of subject CTR work (This is a subset of the overall opportunity summary required under 7a. above.) 10) Project (CTR) Scope of Work: This will be used to define the extent of the work under subject CTR as well as the limits / boundaries. Define the work required to be done under subject CTR to achieve the Deliverables in 11 below. Include any required / all sub tasks. 11) Deliverables (CTR): A list of specific and tangible Deliverables and metrics of the project. How will you know when the project is complete? How will work quality / success be evaluated? 12) Project (CTR) Estimated Cost and Schedule Rationale: Estimate the cost and schedule required to complete the work proposed in subject CTR. This is an expanded subset of the overall timeline required in 8 above. Sufficient detail should be provided to justify the estimate. Estimates can be based upon manpower, equipment and/or expense requirements. 13) Project (CTR) Total Estimated Cost in US Dollar: Enter total cost as follows: Example: $200,000. Please do not add text. If you have technical questions, please email or call: Art Schroeder, ArtSchroeder@Chevron.com or 713-372-2817. Jim Chitwood, JimChitwood@Chevron.com or 713-372-2820 If you have administrative questions regarding the form, please contact Janell Long at 713-372-2777 or JanellLong@Chevron.com Rev 2013, 02-20 DeepStar confidential Page 3 of 4 From API RP 17N, 1st Edition, March 2009 Rev 2013, 02-20 DeepStar confidential Page 4 of 4