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EOC LIMITED CORPORATE PRESENTATION MARCH 2011. DISCLAIMER.
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DISCLAIMER This material includes forward-looking statements prepared by EOC Limited (“Company”). The opinions, forecasts, projections or other statements other than statements of historical fact, including, without limitation, estimates of proved reserves of oil and gas, reserves potential and plans and objectives of management of the Company for financing, are forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. All forward looking-statements contained in this presentation are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Each forward looking statement speaks only as of the date of this presentation. Neither the Company nor any of its subsidiaries and associates undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this presentation.
PRESENTATION AGENDA INTRODUCTION EMAS – Who We Are EOC GROUP PROFILE EOC – Construction & Production Construction Activities FPSO Experience FINANCIALS & FORWARD STRATEGY Year-on-Year Financials Growth Mechanics
EMAS GROUP SERVICES Construction & Production MARINE Engineering & Fabrication • EMAS AMC
BUSINESS SEGMENTS CONSTRUCTION & PRODUCTION Construction • Offshore Transport & • Installation • Offshore Heavy Lift • Operations • Jacket Launching • Operations • Heavylift & Pipelaying Production • Floating Production Storage & Offloading Systems • Provision of Turret & Mooring Systems
AREAS OF OPERATIONS INDIA QATAR AUSTRALIA
GROUP STRUCTURE • Lewek Champion Shipping Pte Ltd • Accommodation Construction Pipelay Barge • Delivered Aug 2007 • Lewek Conqueror (BVI) Ltd • Accommodation Construction Barge • Delivered 2004 • Lewek Chancellor Shipping Pte Ltd • Accommodation Construction Barge • Delivered Mar 2007 • Emas Offshore Construction and Production Pte Ltd • Contract/Commercial Mgmt • Operations and Execution • Emas Offshore Production Services (Vietnam) Pte Ltd • FPSO • Expected Delivery Mid-2011 • Lewek Emerald Shipping Pte Ltd • FPSO • Delivered Dec 2008 Lewek Eversure Shipping Pte Ltd Lewek Evershine Shipping Pte Ltd
CONSTRUCTION ACTIVITIES Piling Riser Stalk-on in DP Jacket and TopsideInstallation Pipelay
LEWEK CHAMPION DP2 Pipelay& Heavy Lift Construction Vessel • S-Lay pipe-laying capabilities • 3 double-joint, 6 single-joint welding stations • 2 x 100 tonnestensioners • 6” – 60” Outer diameter pipeline • 800 - 1500m water depth operation • Built 2007
ACCOMMODATION BARGES • Large accommodation capacity • Lifting capability for offshore construction and maintenance of oil and gas platforms • Built for Construction and Work over • 8 Point Anchor-mooring system
PRODUCTION Assets • Floating Production Storage & Offloading (FPSO) and FSO Services • Operations and Maintenance of FPSO and FSO • EPC mooring systems – in collaboration with LMC
CONTRACT COVERAGE Till Mar 2014 Brunei FirmNegotiation Till Dec 2011 Congo Mal/Thai India Till Feb 2012 Thai Thailand Mal PNG Till Oct 2012 Thailand Till July 2017 Vietnam Dec2009 Jun2010 Dec2010 Jun2011 Dec2011 Jun2012 Dec2012
Current and Future FPSO 13 1 6 1 2 1 24 1 1 37 38 11 New Focus - Africa
FORWARD GROWTH STRATEGY • Expand Geographic Spread – Africa • Extend presence in Asia. • Build O&M service offering for FPSO • Leverage on EMAS group capabilities for integrated services • EPC mooring systems - LMC • Construction – AMC • Fabrication • Acquire technology company • Strategic alliances/M&A activity
Need Clarifications? For further information, please contact: Email investor_relations@emasoffshore-cnp.com +65 6590 8028 www.emasoffshore-cnp.com
HEALTH, SAFETY, ENVIRONMENT & QUALITY (HSEQ) • Executive Management commitment • to HSEQ • Achieved goal of 0 LTI. • EmasOffshore’s Quality System • is certified to ISO9001:2008 by Lloyds Register.
MARINE • Anchor Handling Towing/ Supply • Bulk & Deck Cargo Transportation • Crew & Supply Transportation • Fire Fighting Standby & Rescue • Remotely Operated Vehicle Support • Deep Sea Diving Support • FPSO/FSO Towing, Installationof Moorings • FPSO Mobilisation/ Decommissioning
Decommissioning IMR Services SURF Installation Well Intervention SUBSEA SERVICES Heavy Lift DP3 Well Intervention Subsea Construction Vessel II Heavy Lift DP3 Well Intervention Subsea Construction Vessel 2 MFSVs
AKER MARINE CONTRACTORS • ENGINEERING • Naval Architecture • Hydrodynamic Analysis • Structural Analysis & Engineering • SURF Analysis & Engineering (SURF – Subsea, Umbilicals, Risers and Flowlines) • OPERATIONS • Client interface • Engineering interface • Logistics • Procedure development • Procurement • Project Execution • Support for Vessel Superintendents • ASSIST WITH TENDERING – early engineering including feasibility checks
AKER MARINE CONTRACTORS SURF FLOATERS REMOVAL FLOATOVER • Shenzi(GoM) • Blind Faith Subsea(GoM) • Na Kika(GoM) • King(GoM) • Oudna Field Dev. (Tunisia) • Oseberg Delta Structures(North Sea) • Langeled SSVS & Risers(North Sea) • Chinguetti Host Installation (Mauritania) • Norne Satellite(North Sea) • Snøhvit Structures(North Sea) • Thunder Horse(GoM) • Macando(GoM) • Gladden (GoM) • Popeye(GoM) • Tamar (Mediterranean) • Angel (SE Asia) • Bayu-Undan(SE Asia) • Kristin(North Sea) • Frigg Cessation(North Sea) • Ardmore SAL Mooring Removal(North Sea) • Maureen Refloat(North Sea) • Downed Platform(GoM) • Chevron • Noble Energy • Jubilee FPSO Transport and Installation (W. Africa) • Skarv FPSO Transport and Installation (North Sea) • Gjøa Semi Marine Installation(North Sea) • Thunderhawk (GoM) • Adriatic LNG (GBS) (Adriatic Sea) • Blind Faith T&I(GoM) • Chestnut(North Sea) • KuMaZa Mooring and Riser Installation (PEMEX) • Sakhalin (Russia) • BAOBAB FPSO Mooring and Installation (W. Africa) • Kristin Semi(North Sea) Aker Marine Contractors, Slide 28
ENGINEERING & FABRICATION • Access to engineering design expertise located in London. • Two fabrication facilities in Vietnam providing design and provision of mooring systems for FPSOs and FSOs. Industry’s first-ever converted FSRU Turret Biggest turret designed by LMC
EMAS – CORPORATE MILESTONES 2010/11 2009 2007 2005 2003 1992