DOLPHIN OFFSHORE ENTERPRISES (India) LIMITED

1. DOLPHIN OFFSHOREENTERPRISES (India) LIMITED 30 Years of Integrated Services to the Oil & Gas industry

2. OUR VISION “Dolphin Offshore Enterprises (India) Ltd will become a global provider of integrated services to the oil & gas industry, with a diversified portfolio for undertaking turnkey projects involving Underwater, Marine & Offshore Construction. We will harness our knowledge and energy to provide world class quality, safety and environmental standards. We will constantly upgrade procedures, skills, systems and technology to create greater value for our clients, employees, suppliers & shareholders.”

3. SOME PIONEERING CONTRACTS Coffer Dam Repairs, first time in India Involved creating a dry environment under water Repair to mudmat – GA II -Aban Loyd Repair of Legs of JUR Sagar Jyoti

4. NEW OPPORTUNITIES IN THE OFFSHORE SECTOR • FROM ITS INCEPTION IN 1979, DOLPHIN OFSHORE HAS BEEN AT THE CUTTING EDGE IN THE UNDERWATER DIVING BUSINESS • TODAY DOLPHIN OFFSHORE HAS CONSOLIDATED ITS POSITION AS THE ONLY APPROVED INDIAN DIVING COMPANY WITH ONGC. • THIS TAKES US TO THE NEXT LOGICAL STEP THAT IS DEEPWATER INTERVENTION – i.e. PROVIDING DYNAMICALLY POSITIONED VESSELS, UNDERWATER ENGINEERING, REMOTE OPERATED VEHICLES

5. NEW OPPORTUNITIES IN THE OFFSHORE SECTOR • ….. contd • EARLIER DOLPHIN USED TO BE A CONTRACTOR FOR “ABOVE WATER WORKS” DOING FABRICATION AND INSTALLATION WORKS FOR OTHER MAIN CONTRACTORS • OVER THE YEARS, DOLPHIN HAS EXPANDED ITS RANGE OF SERVICES TO INCLUDE UNDERWATER, ON THE WATER AND ABOVE WATER FOR THE OIL & GAS INDUSTRY • TODAY DOLPHIN OFFSHORE HAS CONSOLIDATED ITS POSITION AS AN APPROVED EPC CONTRACTOR WITH M/S ONGCL. • RECENTLY DOLPHIN COMPLETED 2 EPC CONTRACTS AS A CONSORTIUM PARTNER. • SUBSEQUENTLY AWARDED AND CURRENTLY EXECUTING 2 EPC CONTRACTS INDEPENDENTLY

6. DIVING & UNDERWATER SERVICES • DOLPHIN OWNS AND OPERATES BOTH MODULAR AND INSITU DIVE SYSTEMS WORKING OFF CONTRUCTION BARGES AND DYNAMICALLY POSITIONED DIVE SUPPORT VESSEL • AIR DIVING • MIXED GAS DIVING • SATURATION DIVING • REMOTE OPERATED VEHICLES • DOLPHIN UNDERTAKES VARIOUS UNDERWATER CONTRACTS FOR THE OIL & GAS SECTOR BOTH IN INDIAN WATERS AND ALSO INTERNATIONALLY

7. DOLPHIN OFFSHORE NOW QUALIFIED AS AN EPC CONTRACTOR WITH ONGC DOLPHI N HAS BEEN AWARDED TWO INDEPENDENT EPC CONTRACTS – NQD REVAMP @ US $ 38 MILLION & ICP REVAMP @ US $ 27 MILLION TURNKEY EPC CONTRACTS DOLPHIN EXECUTED TWO EPC CONTRACTS AS A CONSORTIUM PARTNER ONE WITH L&T AND THE SECOND WITH NAFTOGAZ INDIA

8. TOPSIDE WORK - OFFSHORE • Revamp of process complexes & wellhead platforms • Installation of structures, • Piping & equipments on platforms • Electrical & Instrumentation work • Hook – up and pre-commissioning of new platforms

9. TOPSIDE – ONSHORE FABRICATION • FABRICATION OF HEAVY DUTY STRUCTURES SUCH AS PLEMS, SSIs, RISER PROTECTORS, BOAT LANDINGS, DECKS ETC • NEXT LOGICAL STEP: • FABRICATION OF JACKETS, DECKS, PLATFORMS, SUBSEA COMPLETIONS FOR DEEPWATER DEVELOPMENTS • THEREFORE JAFRABAD YARD • Dolphin Offshore has 6 workshops in Mumbai & Navi Mumbai

10. JAFRABAD SHIPYARD PROJECT PROPOSAL FOR DEVELOPMENT OF OFFSHORE FABRICATION YARD/ SHIP BUILDING / SHIP REPAIR YARD AT JAFRABAD • TO DEVELOP THE FOLLOWING FACILITIES: • SHIP BUILDING • OFFSHORESTRUCTURAL FABRICATION • (C) SHIP REPAIRS • (D) DOCKING FACILITY

11. JAFRABAD SHIPYARD PROJECT PROPOSAL FOR DEVELOPMENT OF OFFSHORE FABRICATION YARD/ SHIP BUILDING / SHIP REPAIR YARD AT JAFRABAD

12. DOLPHIN’S RANGE OF SERVICES • DIVING & UNDERWATER SERVICES • TOPSIDE WORK FABRICATION & INSTALLATION- BOTH ONSHORE & OFFSHORE • TURNKEY EPC CONTRACTS • RIG REPAIR & SHIP REPAIR • MARINE OPERATIONS & MANAGEMENT SERVICES • DESIGN ENGINEERING

13. PROCYON OFFSHORE: MARINE OPERATIONS & MANAGEMENT *Technical management and crewing *Logistics management • OWNED VESSELS • 1 Multipurpose / Workboats • 2 Offshore Utility vessels • 6 Harbor tugs • UNDER CONSTRUCTION Multipurpose / Workboats • (delivery –2009) • 1 Dynamically Positioned • Construction Barge • (expected delivery – 2009) • WITHIN THE GROUP • DP DSV on long charter • AW Barge on long charter BRAHMAPUTRA DOLPHIN(MULTIPURPOSE / WORKBOAT)

14. IMPAC OIL & GAS ENGINEERING (INDIA) PVT. LTD Dolphin JV with IMPAC Offshore Engineering, Germany, Provides World Class Design & Engineering Solutions IMPAC OFFSHORE ENGINEERING GmBH, Hamburg an independent engineering company Established 1983, specializes in engineering services to • The Oil and Gas Industry for both offshore and onshore projects. • The Petrochemical Industry • The Construction Industry • Service Highlights : • Engineering Conceptual & Feasibility Studies Integrated Field Development Studies Front End Engineering Design (FEED) Detail Engineering Package

15. SOME OF OUR MAJOR CONTRACTS 2001 12 Platform –Clamp On Structures US $ 8 million 2003 9 Platform Clamp On Structures and Topside US $ 10 million 2004 RSPPM – IOEC – Pipe lay support services US $ 45 million 2005 SHRC project. First time ever lifting US $ 9 million of helicopter deck using jacks 2006 BBBLRP – Consortium US $ 31 million 2007 6 Clamp-on project – Consortium US $ 25 million 2008 NPCC, Abu Dhabi – C Series work US $ 6million 2008 Leighton, India Pre engg contract US $ 7 million 2008 Leighton, India Seamec -1 /diving US $ 21 million 2008 Punj Lloyd – Heera – Sat div & Seamec US $ 7 million 2008 OSW, Malaysia – Seamec-1 + sat diving US $ 15 million 2008 ONGCL – NQD Revamp US$ 38 million 2008 ONGCL – ICP Revamp US$ 29 million

16. SOME MAJOR CONTRACTS

17. INDIA in the eyes of the world 2007 – India – 6th largest energy consumer 2007 – India – 7th largest oil importer consumer 2007 – India – 5th largest oil consumer 2025 – India – Estimated to be 4th largest oil importer behind USA, China & Japan ONGC envisages an investment of US$ 15 Billion in the next 4 years.

18. ONGC - A few tenders to be finalized DOLPHIN OFFSHORE qualified as an EPC contractor

19. DOLPHIN REACHING OUT

20. THANK YOU