Capital Marked Presentation Dof Subsea Atlantic Region
Agenda Atlantic Business and Area of Operation Clients & Some Ongoing Contracts Our Capabilities Market Outlook DOF Subsea 2
Atlantic Business and Area of Operation DOF Subsea
DOF Subsea Atlantic is... A lead provider of integrated subsea survey and construction services to the offshore industry. We have a range of high end construction assets and competent people to deliver various subsea projects to meet our client demands. DOF Subsea 4
HSEQ Management System based on 30 years of operations Quality Policy has a direct focus on customers satisfaction Health, Safety & Working Environment Policy emphasises on ensuring that all identified risks and hazards are reduced to a level that is as low as reasonably practicable Regularly audited by various clients We are ISO 9001:2008 accredited HSEQ Our commitment to Global External Environmental is demonstrated with global certification within ISO 14001:2004. The Safety and Occupational Health Standards are certified to OHSAS 18001:2007
Our Business segments Seabed and Pipeline Survey IMR Subsea Construction DOF Subsea 6
Area of Operation Med DOF Subsea 7
DOF Subsea Atlantic Locations We run the regional business from : Bergen Aberdeen Angola Onshore personnel : Uk 55 Norway 60 Angola 20 Offshore personnel : 200 staff 50-100 contractors approx 200 Marine Crew
DOF Subsea CSV Fleet Atlantic Region Skandi Skansen Construction Support Vessel Built: 2011 Skandi Skolten Construction Support Vessel Built: 2010 Skandi Constructor Construction Support/Well Intervention Vessel Built: 2010 Geosund IRM / Construction Support Vessel Built: 2001 Geoholm IRM / Construction Support Vessel Built: 2006 Geocat Near shore Survey Launch Built: 1993
Clients & Some Ongoing Contracts DOF Subsea
DOF Subsea 2011/2012 Clients
Main Ongoing Contracts ENI Goliat FPSO Installation Statoil survey & light construction FA ConocoPhillips IMR FA Hess FA (West Africa) Goliat SURF support to Technip ROV services Shell accomodation and subsea IMR support DOF Subsea 12
Seabed Survey & Light Construction Site and route definition surveys On board geophysical data interpretation charting and reporting. Scope of Work Highlights Various seabed survey activities for Statoil. Fully integrated surveying with on board data processing, charting and reporting. Client: Statoil ASA Location: NCS Vessel: Geosund Call off: 6 months with 6 monthly options
Tullow Jumper/ Spool Replacement Client: Tullow Oil Location: Jubilee Field, Ghana Vessel: Skandi Constructor Year: End 2011 Scope of Work Jumper/Spool Design Engineering Fabrication Installation
DOF Subsea Goliat FPSO Project
DOF SUBSEA - Mooring system installation DOF Subsea owns and operates 3 construction vessels specially designed to perform light construction and mooring system installation. The combination of chain and wire handling capability of a top end AHT together with ROV and active heave compensated crane for subsea construction operations provides an efficient and robust solution for FPSO mooring system installation. The large clear deck area and moonpool allow versatility to enhance the capability in light construction activity. 1 6
Installation method
Installation method
Well abandonment campaign Client: OIS Location: various, UK sector Vessel: Skandi Constructor Year: End 2011 CSV Skandi Constructor provided support services for OIS Ltd. during their well abandonment campaign of 5 wells. Beechnut 29/09-B-9z Beechnut 29/09B-2 Monkwell 42/29-8 Carna 43/21B-5z Rose 47/15B-5
DOF Subsea Our Capabilities
DOF Subsea Engineering & Construction Project Management & Engineering Procurement and Logistics Execution FPSO & Mooring Installations Subsea Structure Installation Flexible and Umbilical Installation Infield Support (Spools, Tie-ins, RFO) IMR Seabed Survey and Inspection Subsea Equipment Decommissioning
DOF Subsea Engineering Capabilities Approx 85 Engineers. Grown to more than100 before YE Engineering disciplines & services: Front end & concept engineering Installation studies Decommissioning studies Installation methods Installation & in-place analysis Structural design Drafting
DOF Subsea Installation Engineering Laying Analysis Midwater Arch / Structure Installations STP Tow/Installation
DOF Subsea Flexible & Umbilical Installation Providing planned and thoroughly controlled operations is essential for flexible products that are delicate and complex in the harsh conditions encountered during installation.
DOF Subsea IRM Typical IRM Tasks Pipeline/Structure Inspection Light Construction Spools, Valves etc. Anode Replacement Flying Lead Replacement Pipeline Freespan Correction Cable & Jumper Replacement Intervention
DOF Subsea Mooring Installation Skandi Skolten, Bluewater 85 Te Suctionpiles with chains and wires
DOF Subsea Mooring Installation FPSO Hook-up to pre-laid mooring Positioning Hooking-up Hooked-up
DOF Subsea Subsea Structure Installation Installation of subsea structures Skandi Skolten, Atlantis Resources 195 Te Turbine Installation Skandi Bergen Statoil Ormen Lange Project
DOF Subsea Tie-in & Diverless Intervention Capabilities Subsea Disconnections Statoil Tune South Phase II, Jumper Replacement & RTS Tie-In We operate more than 20 ROV systems and have more than 150 highly competent ROV supervisors/pilots
Field Abandonment & Decommissioning Capabilities Skandi Bergen, Total Frigg Seabed Debris Removal, 2011. 780 Te of structures Recovered from the Seabed. Geosund 210 m of 30 Pipe, cut in 12m sections. 2800 Te of Concrete Covers (165 covers in total). Skandi Skolten, ConocoPhillips Seabed Cleanup, 2010
DOF Subsea Market Outlook
Combined IMR and Survey market to grow by 8% per year towards 2016 Global market IMR will continue to be the largest market throughout the forecast period with USD 5.5 bn in 2011 and USD 7.5 bn in 2016. The market fore survey is estimated to USD 1.2 bn in 2011 and USD 2.5 bn in 2016 From 2011 to 2016 the IMR market is forecasted to grow by a CAGR of 6.4% (1.6x increase). However, in the same period the Survey market is estimated to grow at an annual rate of 15% (2x increase). The region estimated to experience the highest percentage growth in Survey activity in this period is Australia IMR and Survey spend USD million Survey IMR G&G Surveys Subsea Services IMR and Survey spend (2012-2016) by region USD million Survey IMR G&G Surveys Subsea Services Region Both Western Europe and North America above 10 bn USD Western Africa following in third driven largely by spend in Angola and Nigeria South America spend nearly 5 bn USD. Brazil accounting for over 80% of the region spend *CAGR = Compounded annual growth rate Source: Rystad Energy analysis, DCube 33
Floating production units FPSO projects by region the next 3 years Source: Infield
Market Outlook - Summary Strong marked next 3 years 40-50 FPSO to be installed Strong need to maintain existing infrastructure (IMR) High demand for seabed and pipeline survey required Strong demand for our services! DOF Subsea 35
Key Message The regional market outlook is promising for the next couple of years We got the assets and are growing our organisation to win and execute higher end subsea construction work DOF Subsea 36
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