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Q1 Financial Presentation 2012 Capital Markets Day 31 st May 2012 DOF ASA Presentation Asia Pacific Region 1 1. Introduction to our Asia Pacific operations 2. Vessel management operations and supply 3. Subsea in Asia Pacific 4.


  1. • Q1 Financial Presentation 2012 Capital Markets Day – 31 st May 2012 DOF ASA Presentation Asia Pacific Region 1

  2. 1. Introduction to our Asia Pacific operations 2. Vessel management operations and supply 3. Subsea in Asia Pacific 4. Subsea project execution 5. Subsea projects building value 6. Regional market outlook DOF ASA

  3. Introduction to our Asia Pacific Operations DOF ASA

  4. DOF Asia Pacific is... Rapidly growing to be a leading provider of the complete range of integrated subsea and marine support and construction services. With a world-class fleet of offshore vessels and subsea intervention systems ... and a dedicated team of professionals – on and off shore. DOF ASA 4

  5. DOF Asia Pacific has... Delivered a strong track record in providing ‘life of field’ solutions. A reputation of being responsive, flexible and collaborative with our clients. With a recognised region leading performance and safety culture. DOF ASA 5

  6. DOF Asia Pacific is... Leveraging off the success and client base of the subsea business to rapidly expand offshore marine operations in the region utilising regional group resources across all of our market sectors. DOF ASA 6

  7. DOF Asia Pacific - Delivers Life of Field Services DOF ASA 7

  8. Strategically Located 7 Strategic regional locations DOF ASA 8

  9. High Quality Professional T eam 250 Onshore engineering, operations and support staff Projects 20 HSEQ 42 Business Acquisition 20 151 Finance and 17 Support Marine Operations DOF ASA 9

  10. Capable Assets 9 Vessels in Operation May 2012 DOF ASA 10

  11. Life of Field Services Integrated marine and subsea operations We provide key services Supply and AHTS Project Management and Engineering Vessel Operations Survey and Inspection Subsea Construction ROV Operations Diving Operations DOF ASA 11

  12. Vessel Management Operations and Supply DOF ASA 12

  13. Regional Marine Operations and Supply Starting to generate real traction in the • region with recent long term placements Vessel management operation in • Singapore with Chartering office in Melbourne Australia Recently appointed Gary Kennedy to • regional DOF Management EVP to be based in Perth to develop a strong presence in the Australian market Transitioning from 3 rd party crews in • Australia to DOF employed crew to improve margins and operability across both supply and subsea fleet DOF ASA 13

  14. Regional Supply Fleet – May 2012 PSV Skandi Falcon AHTS Skandi Atlantic AHTS Skandi Pacific MacDow Australia Apache Energy Australia Talisman Vietnam August 2012 September 2013 October 2014 Excludes optional periods DOF ASA 14

  15. Leveraging Supply and Subsea With strong Supply and Subsea business • units DOF is in a unique position to leverage a strong market position Skandi Hawk PSV owned by DOF • Subsea business able to generate higher • income Cross traded in Subsea and Supply • market sectors to generate highest possible utilisation and return Now implementing closer sharing of • regional resources to maximise productivity and efficiency DOF ASA 15

  16. Subsea in Asia Pacific DOF ASA 16

  17. A Genuine Integrated Service Provider We provide ‘life-of-field’ services • Project Management front-end site investigation and • Engineering construction and installation • inspection repair and maintenance Subsea Vessel Survey and • Fleet Positioning field abandonment and • decommissioning Subsea Projects We integrate our services to meet client • requirements with minimal use of 3 rd ROV Diving parties Operations Operations We have a demonstrable track record • across the complete ‘life of field’ timeline HSEQ DOF ASA 17

  18. Our Services are Accredited Global business management system accredited by DNV to: Business Management System - ISO 9001: 2008 – Health and Safety System - OHSAS 18001:2007 – Environmental Management System - ISO 14001:2004 – Underpinned by our Code of Business Conduct and our Values 2009 DOF ASA 18

  19. Values Our Values Define Who We Are … And How We Operate INTEGRITY We work with our clients to our • values… RESPECT • We are not and have never been a TEAMWORK • mercenary business when dealing with our clients and that has allowed us to develop EXCELLENCE • lasting business relationships. and above all we are… SAFE • Our reputation generates significant repeat business and this is one of our most valuable assets DOF ASA 19

  20. Regional Subsea Capability Growth January 2006 January 2011 May 2012 Subsea IRM and Construction Geotechnical and Geophysical Survey Coastal Term Charter Increase in subsea fleet capacity and capability over last 12 months DOF ASA 20

  21. The Regions Best Subsea Vessels DOF ASA 21

  22. Subsea Life of Field Services Our PM&E capability is engaged across all life of field activities DOF ASA 22

  23. Front End Route survey • Pre and post lay survey • Bathymetric/Geophysical mapping • Data processing and interpretation • Subsea positioning / Metrology • 3D Visualisation software • Geotechnical coring • Environmental services • DOF ASA 23

  24. Inspection Repair and Maintenance Diving Operations • ROV Operations • Pipeline / Structure inspection • Anode replacement • Flying lead / jumper replacement • Pipeline freespan correction • Data gathering, reporting and management • DOF ASA 24

  25. IRM Philippines May 2012 DOF ASA 25

  26. IRM Philippines May 2012 DOF ASA 26

  27. Construction and Abandonment FPSO/ Mooring installations • Diver and ROV based solutions • Installation of umbilicals, risers and flowlines • (SURF) Subsea spool / structure installation • Infield support vessels • DOF ASA 27

  28. Subsea Project Execution DOF ASA

  29. DOF Subsea undertakes technically complex fast track projects DOF ASA 29

  30. BHP Billiton Stybarrow H4, Remediation Project DOF ASA 30

  31. Problem to be solved North West Shelf Australia • Blocked 8” flexible flow line requiring • replacement Deep water 820m • Production critical • Environmental concerns • DOF ASA 31

  32. Scope of work Project Management and Engineering • Design and build a Horizontal Lay System • Transport and installation of 8” flexible • Disconnect existing 8’ flexible • Install new flow line and jumpers • T esting and commissioning • Permanently abandon existing flow line • DOF ASA 32

  33. Schedule Period Description 8 th July 2011 Commenced pre engineering 6 th September 2011 Contract award 10 th November 2011 Offshore mobilisation 28 th December 2011 Project complete and demobilised DOF ASA 33

  34. Marine Spread – Skandi Hercules DOF ASA 34

  35. Design of a horizontal lay spread to install flexible product in 820m DOF ASA 35

  36. Engineering for a worlds first remote subsea disconnect of a standard API flange DOF ASA 36

  37. Flushing and riser cleaning of hydrates and sand deposits DOF ASA 37

  38. Recovery of existing riser and hang-off on deck DOF ASA 38

  39. Jumper transpooling on empty drum before deployment DOF ASA 39

  40. Tie in of new flowline to the wellhead DOF ASA 40

  41. Outcome All project objectives met • Deepest Wellstream flexible laid by • Horizontal Lay System Great Safety culture • “Text book example of how it • should be done” Horizontal lay system owned by • DOF DOF ASA 41

  42. ConocoPhillips Belenak FSO Installation DOF ASA 42

  43. Scope of Work Natuna Sea Indonesia • T ow Belenak FSO to site • Reconnect FSO to moorings • Saturation diving • Install new risers • Install power umbilical • Commissioning and T esting • DOF ASA 43

  44. Schedule Period Description 24 th August 2011 Commenced pre engineering 4 th November 2011 Offshore mobilisation 1 st December 2011 Project complete and demobilised DOF ASA 44

  45. Marine Spread – Skandi Singapore DOF ASA 45

  46. Riser installation system DOF ASA 46

  47. Mooring chain lengthening and hook-up DOF ASA 47

  48. Installation of risers DOF ASA 48

  49. Installation of power umbilical DOF ASA 49

  50. Outcome All project objectives met • Project completed ahead of schedule • 11 weeks from LOI to completion Great Safety outcome • “688 safety interactions with no lost time ” DOF ASA 50

  51. Subsea Projects Building Value DOF ASA

  52. Subsea projects business building underlying value Development of sound processes and systems to understand and operate the business • Finance, HSEQ, Project Management and Engineering • Retention of corporate knowledge vital to progressively improving margins • Ensuring engineering developed on a project is retained and easily accessible for use on • similar future projects Ensuring installation equipment designed and built for a project is “multi use” and built to • last Reduced engineering effort and equipment expenditure  Reduced lead times  Experience Improved competitiveness  Improved margins  DOF ASA 52

  53. Regional Market Outlook DOF ASA

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