Date Presentation or Meeting Title 1 QUALITY ASSURANCE AND THE SINKING OF THE LARGEST OFFSHORE OIL PLATFORM March 2001

Presentation or Meeting Title 2 For those of you who may be involved in project cost control (at whatever level),

Date Presentation or Meeting Title 3 please read this quote from a Petrobras executive,

Date Presentation or Meeting Title 4 extolling the benefits of cutting quality assurance and inspection costs,

Date Presentation or Meeting Title 5 on the project that sunk into the Atlantic Ocean off the coast of Brazil in March 2001.

Date Presentation or Meeting Title 6 "Petrobras has established new global benchmarks for the generation of exceptional shareholder wealth

Date Presentation or Meeting Title 7 through an aggressive and innovative programme of cost cutting on its P36 production facility.

Date Presentation or Meeting Title 8 Conventional constraints have been successfully challenged

Date Presentation or Meeting Title 9 and replaced with new paradigms appropriate to the globalized corporate market place.

Date Presentation or Meeting Title 10 Through an integrated network of facilitated workshops,

Date Presentation or Meeting Title 11 the project successfully rejected the established constricting and negative influences of prescriptive engineering,

Date Presentation or Meeting Title 12 onerous quality requirements, and outdated concepts of inspection and client control.

Date Presentation or Meeting Title 13 Elimination of these unnecessary straitjackets has empowered the project's suppliers and contractors to propose highly economical solutions,

Date Presentation or Meeting Title 14 with the win-win bonus of enhanced profitability margins for themselves.

Date Presentation or Meeting Title 15 The P36 platform shows the shape of things to come.