Information Systems Security Norway Company Analysis

1. Thomas Bishop Ginger Edmonds Daniel Carrier Cory Facemire Group 7 Information Systems SecurityNorway Company Analysis

2. Criteria for Company Framework CIA Fact book Research Insight Company 10K for last five years Individual Company Website Yahoo Finance

3. The Ranking System • 1). Does the company include an external audit within their 10k Reports? • Scoring: • 0 – was not included in the reports • 5 – included, but showed weak internal controls • 10 – included and showed no internal control weakness • 2). What is the degree that risk, controls and governance are mentioned within the reports? (Norway Government stds) • Scoring: • 0 – if controls are only mentioned briefly • 5 – if internal controls are mentioned in additional sections more than once • 10 – internal controls are mentioned throughout the reports greater than two different occurrences

4. 3.) Does the company disclose improvements about their internal controls? • Scoring: • 0 – no mention of any weakness or strengths • 5 – shows weakness within the system • 10 – show improvements upon prior areas of weakness • 4.) Does the company mention or show that management is ultimately responsible for the company’s internal controls? • Scoring : • 0 – no mention of management responsibility • 5 – show that management is held responsible for internal controls • 10 – based on management’s evaluation of the company’s internal controls are effective

5. 5). How well do the companies disclose their Internal Controls? • Scoring : • 0 – no framework or structure was mentioned for internal controls within the report • 5-mention internal controls and disclosures • 10 – internal controls substantially presented within the reports • 6). How does the company rank according to it’s financial and operational risk? • Scoring : • 0-High risk • 5-Medium risk • 10-Low risk

6. STATOILHYDRO ASA • Integrated Oil & Gas • World’s largest operator in water > 100 meters • Norwegian State holds 65% • Focus upstream oil & gas operations • Wright Investment Services

7. Scorecard: STATOILHYDRO ASA Strength Internal Control Weakness Management Responsibility

8. AKER SOLUTIONS ASA • Oil & Gas Exploration & Prod • Subsidiary to Aker Asa • Ownership • Multiple Industries • Wright Investment Services

9. Scorecard: AKER SOLUTIONS ASA Strength Management Responsibility Weakness Risk, control & governance

10. SOLSTAD OFFSHORE ASA • Oil & Gas Drilling • 29 vessels, 3 segments • 1000 personal 73% @ sea • 2216 million NOK • North Sea, Mediterranean, West Africa, Asia, and The Americas

11. Scorecard: SOLSTAD OFFSHORE ASA Strength Risk, control & governance Weakness Management Responsibility

12. PGS-PETROLEUM GEO-SERVICES • Oil & Gas Drilling • Multi-client data library • Corporate Governance • Geophysical Services • Investor Relations

13. Scorecard: PGS-PETROLEUM GEO-SERVICES Strength External Audit Weakness Fin/Oper. Risk

14. REVUS ENERGY ASA • Oil & Gas Exploration & Prod • Founded in 2002 • Medium Sized company • Explores Norwegian continental shelves

15. Scorecard: REVUS ENERGY ASA Strength Fin/Oper. Risk Weakness Improvements

16. SUBSEA 7 INC • Oil & Gas Drilling • Global operations • 5500 personal on & offshore • World leading subsea engineering & construction

17. Scorecard: SUBSEA 7 INC Strength Internal Controls Weakness Improvements

18. Recap of initial rankings

19. Rankings of Criteria

20. Conclusions: • Higher income does not equal increased controls • Overall – internal and external controls were increased due to the implementation of IFRS in 2005 • Aker Solutions & Solstad Solutions did not support an external audit in the past 5 years • There was an overall concern to increase governance after the implementation of IFRS in 2005

21. Recommendations: • Corruption control-government • Institution of Internal Auditors Norway • More External Audits • Put more internal controls in place • Invest in Statoilhydro • Benchmark against Statiolhydro

22. Any Questions?