KREUZ SUBSEA INTRODUCING KREUZ SUBSEA Your Integrated Offshore Subsea Solutions Partner October 2017 10 Science Centre Road Block 1, #01-12, Bestway Centre Singapore 609079 tel +65 6807 0500 fax +65 6807 0502 enquiry@kreuzsubsea.com Introductory Presentation_...2016/ 28-Oct-16/ 1 of 1
Kreuz Advantage I n t r o d u c i n g K r e u z S u b s e a Experience our service We will strive to make a difference and go beyond our best to remain committed, accountable and consistent in delivery of your projects Since 2008 Head Quarters in Singapore Employs 95 permanent staff Professionally Managed Dedicated team and over 25 years of operational experience. End-to-end Subsea Solutions Integrated subsea solutions provider Differentiating and diversified assets Owns barges, DP2 vessels, ROVs and portable dive systems Un-paralleled Work History 40,000 dives, 11.5 mill mhours subsea work, 155 projects Certified ISO 9001 Company IMCA member, certified for diving, ROV and marine operations Introductory Presentation_...2016/ 28-Oct-16/ 2 of 1
Kreuz Subsea today Very flexible organization Diversified and modern assets Honest, ethical and transparent engagement Company values at the core of every operation Wide experience SURF projects, brownfield works, Subsea Repairs, Inspection, Repair and Maintenance Repeat Customers Singapore registered Owned by Private Equity 110 people (staff) + 400 to 450 dedicated contract personnel annually ~US$ 140 M in revenues Three distinct business segments: Subsea Construction, IRM and SURF Own and operate 5 construction assets, 12 portable systems & 5 ROVs ISO 9001 Company Professionally managed by people with hard-core operations experience Company follows an integrated management system for Health, Safety and Environment Protection and Quality Performance a Member of International Marine Contractors Association (IMCA) for Diving, Remote Systems, ROV Division and Marine Division Introductory Presentation_...2016/ 28-Oct-16/ 3 of 1
Timeline July 2008 Kreuz Subsea established First major project with Reliance / Allseas July 2010 Listed on Singapore Exchange Kreuz Installer acquired Three (3) x SURF projects awarded First SURF Installation Feb 2014 delisted from SGX New Shareholders Entry to Middle East JV with Usaha Nusajaya In Malaysia 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 5 year IRM Contract with Shell Brunei Featured as Forbes Asia Pacific s Best under a Billion Top 200 companies First EPCI Contract with Conoco Philips (SURF) Kreuz Endeavour Ship Building Contract 7 year IRM Contract with Shell Brunei Launch of Kreuz Endeavour Kreuz Challenger awarded to Vard JV agreement with Genesis in Nigeria Cooperation agreement with Halul offshore in Qatar Representation with Midad in Saudi Arabia Introductory Presentation_...2016/ 28-Oct-16/ 4 of 1
Leadership Team Ashit Jain CEO / Director 25 years of leadership experience in global oil and gas industry/ previously with various companies like Harkand, Dynamic Industries International LLC and Global. Balaji Bhashyam Chief Operating Officer 25 years / previously with various companies like Technip, McDermott, Global, L&T/ Mechanical Engineer and Masters in Project Management. Natraj Raman QHSE Director 35 Years in the O&G with a strong emphasis on Subsea Construction & Inspection, Consultant Diving Specialist & HSE Advisor for oil major/contract Management expertise. Sundraj Naidu Chief Financial Officer 25 years of experience, previous assignments with international banks, PWC. Chartered Accountant and Master of Applied Finance. and >>> Strong and experienced middle management Introductory Presentation_...2016/ 28-Oct-16/ 5 of 1
Video http://www.kreuzsubsea.com/video/#nch/505443068 Introductory Presentation_...2016/ 28-Oct-16/ 6 of 1
Service Offering Inspection, Repair and Maintenance (IRM) Underwater inspection, repair and maintenance Subsea Construction and Installation incl Hyperbaric Welding Subsea Umbilical, Risers and Flowlines (SURF) Flexible Flowlines & Risers Umbilical Cables Composite & FO Jumpers / Flying Leads SDU / UTA Construction Stalk-on and flanged risers, tie-in Spools SBM, PLEM / PLET / Manifold Crossing supports Freespan supports Subsea Repairs NDT of Structures & Pipelines Hot Tapping Hyperbaric welding Repairs using connectors / spools, clamps and strengthening sleeves Other Services Construction diving from client barges Pre-comm Support Accommodation and Hook-up Support Decommissioning Decommissioning of offshore facilities platforms, pipelines, FPSOs, SBMs, Introductory Presentation_...2016/ 28-Oct-16/ 7 of 1
Inspection, Repair and Maintenance (IRM) Value added services combining rich subsea construction capabilities Offshore platform and SBM: Detailed Underwater Inspection (DUI) UWILD (Underwater Inspection In Lieu Of Dry Docking) ABS Class Survey Pipeline Inspection/ Subsea cable/ umbilical survey Riser / pipeline Leak Survey Seabed Debris Survey and Removal/ Recovery Pipeline/ riser Leak repair using PLIDCO Clamp and Epoxy Grout Sleeves SBM/ PLEM inspection, repair and maintenance Freespan Rectification / Correction on Pipelines Sacrificial Anodes Replacement Anode Skids Installation Structural integrity Pipeline integrity Asset integrity 6 Continuous years of work performance Repeat Contract from oil major Asset Higher specification one of its kind Diving & ROV Certified & core competency Tooling Experienced in kinds and makes IRM and light construction DP2 asset purpose built to higher specifications and one of its kind Introductory Presentation_...2016/ 28-Oct-16/ 8 of 1
Subsea Construction Risers flanged and stalk-on I- and J- tubes Riser clamps Subsea tie-in spools Concrete mattresses Crossings pre and post pipeline installation Free span corrections Structures installation Major installation support bow string installation, recovery of subsea launchers and receivers, temporary installation aids, debris removal Rich experience in brownfield construction Trust us with volumes and we will deliver Strong resume displaying high competencies 200 tie-in spools 120 Stalk-on risers, I- & J- tubes, flanged risers 700 Subsea clamps 1500 Crossing Supports 600 mattresses 100 Structures (PLEM, SSIV, Protection frames, riser guards) Introductory Presentation_...2016/ 28-Oct-16/ 9 of 1
SURF Subsea Umbilical Risers and Flowlines Flexibles Umbilicals Cables Flying Leads Jumpers Manifolds PLEM PLET UTA Dynamic risers Moorings SBMs Major SURF projects in Far East Owns and operates SURF vessel Kreuz Installer - one of its kind in the region. New Build Kreuz Endeavour to add to fleet One stop solution combining construction, diving and marine operations strengths Worked for all majors Conoco Philips, Petrofac, Shell, Petronas Handled all products Flexible Riser Flexibles & Cobra Head South Belut Bawal Manora Cendor Champion Wassana Waterflood SOGT West Desaru Berantai Nong Yao SURF Vessel Kreuz Installer SBM Installation Dynamic risers Uraduct Inline Tee UTH Installation Umbilicals Introductory Presentation_...2016/ 28-Oct-16/ 10 of 1
Subsea Repairs Containment Underwater Welding Above water interventions Flow Diversion Structural Repairs Strong work history of subsea (diving) construction on brownfield projects Specific competencies and experience in pipeline repairs and maintenance Knowledge of tooling and methods Experience of working close to live assets Various Subsea connectors and tooling 5 Hot Taps 2 Hyperbaric Welds 20 + PLIDCO and Grout Clamps 60 + Surface Welding 1 Underwater MOPU legs strengthening Introductory Presentation_...2016/ 28-Oct-16/ 11 of 1
Brownfield Capability..fantastic result considering weather conditions. Really appreciate the rigour with which the team went through HSSE and marine assurance process. Kreuz Subsea has unparalleled experience in brownfield works and provides the following services Retrofit risers, I- / J- tubes Removal and installation of boat landing, riser guard Riser clamps modification, replacement Conductor guide framing modifications Pipeline crossing and free spans Pipeline tie-in spools Hot tapping Subsea repairs Platforms, Pipelines and MOPU Underwater welding dry or wet 30 + Brownfield Projects Live Assets Experienced operating close to live assets Strong Resume of variety of subsea projects Interface Managing multiple assets, fields, clients Competent and scaled to handle a high volume of works Introductory Presentation_...2016/ 28-Oct-16/ 12 of 1
Portable Systems Capability Kreuz Subsea owns and operates 2 x classed Saturation dive systems 8 x surface oriented dive systems in accordance with IMCA standards 3 x classed surface oriented dive systems 2 x work class ROVs 3 x inspection / observation / light work class ROVs Contractor Member of IMCA for Diving and Remote systems & ROV Division SAT Bell to be launched over the side Enviable track record 94 Projects 17 Clients 33 Client vessels 10 Countries Proven and time tested capability Surface Orientated diving from portable system onboard In-house competency to maintain the systems ROV Launch Introductory Presentation_...2016/ 28-Oct-16/ 13 of 1
Assets Kreuz Subsea owns and operates a specialised state-of-the-art fleet. Differentiating flagship assets necessary to support service capabilities 1 Delivery Qtr 4 2017 2 Delivery Qtr2 2017 Introductory Presentation_...2016/ 28-Oct-16/ 14 of 1
Kreuz Supporter Versatile Construction Work Barge for Shallow Water Construction works 8-point mooring (4 x waterfall type double drum winches, 950m x 42mm wire) 9 x 10 T delta flipper anchors 1400 sqm deck area (15 t/m2) Main Crane 275 MT crawler (47.5m boom) Auxiliary crane 90 MT crawler (42m boom), manriding 12-men Portable Classed Saturation diving system / 200m / Compliant HRC 5 x pipeline davits x 30 MT each 149 Accommodation LOA = 96.59m, Breadth = 27.40m and max draft = 3.18m Introductory Presentation_...2016/ 28-Oct-16/ 15 of 1
Kreuz Glorious Versatile Construction Work Barge for Shallow Water Construction and accommodation needs 8-point mooring (4 x waterfall type double drum winches, 950m x 42mm wire) 9 x 10 T delta flipper anchors 1200 sqm deck area (15 t/m2) Main Crane 250 MT crawler (45.7m boom) Auxiliary crane 60 MT pedestal (30m boom) 12-men Portable Classed Saturation diving system / 200m / Compliant HRC 4 x pipeline davits x 35 MT each 308 Accommodation LOA = 113.08m, Breadth = 28.04m and draft = 4.80m Introductory Presentation_...2016/ 28-Oct-16/ 16 of 1
Kreuz Installer DP2 Multipurpose Diving and construction support DP2 Multi Purpose 1700 sqm deck area (10 t/m2) Main Crane 155 MT at 6.5m Auxiliary crane 70te at 10m 16-men single bell SAT (inbuilt) + SPHL / 300m 3 x moon pools 98 accommodation 8.5 kts speed 10 m3 /day fuel during operation LOA = 129.10m, Breadth = 24.7m and max draft = 6.0m Extremely versatile and performing asset capable to perform construction, diving and SURF works. Introductory Presentation_...2016/ 28-Oct-16/ 17 of 1
Kreuz Challenger Diving Support & Construction Vessel DP2 vessel (Vard 3.17 design) Purpose built to higher specifications and Shell compliant, full IRM vessel one of its kind in Eastern Hemisphere DP2 Diving and Construction Support 800 sqm deck area (10 t/m 2 ) 100 MT at 9m 12-men SAT (inbuilt) + SPHL / 300m Surface Orientated system 105 accommodation 15 kts speed LOA = 91.20m, Breadth = 21.50m and max draft = 6.60m Introductory Presentation_...2016/ 28-Oct-16/ 19 of 1
Customers Introductory Presentation_...2016/ 28-Oct-16/ 20 of 1
Projects Landscape 155 projects since inception in 9 countries Projects include Subsea Construction, SURF, IRM and Diving Services Long term work with Shell Brunei Healthy Customer Feedback Repairs to jack up legs while the topsides produced Drilling to hot tap on a live pipeline Hyperbaric underwater welding in 140m water depth believed to be deepest Ability to handle volumes (50 risers + 300 clamps + 100 spools + 400 crossings + 500 freespans) operating multi vessels to multiple clients Core competency in Inspection, Repair and Maintenance works repeat long term project from Shell Used and operated variety of subsea equipment every type of connector, repair and inspection methods, range of tooling Subsea Umbilical, Risers and Flowlines (SURF) projects Buoy and mooring installations Inhouse expertise to maintain Dive Equipment Certified ROV division Vessel assurance, maintenance and operations by Kreuz Pre-qualified with all majors Introductory Presentation_...2016/ 28-Oct-16/ 21 of 1
Quality Management Introductory Presentation_...2016/ 28-Oct-16/ 22 of 1
HSE as at 31 Jul 2017 2014 2015 2016 YTD 2017 Total Man Hours 1,554,311 1,572,720 1,469,201 827,423 Fatalities 0 0 0 0 Lost Time Injuries LTI 0 1 0 0 Medical Treatment Injuries MTC 2 2 8 5 Restricted Work Cases RWC 0 0 0 0 First Aid Cases 0 1 9 4 total recordables 2 3 8 5 Fatal Accident Rate FAR 0.00 0.00 0.00 0.00 Lost Time Injury Frequecy Rate LTIFR 0.00 0.64 0.00 0.00 Total Recordable Incident Rate TRIR 1.29 1.91 5.45 6.04 TRIR (per 200,000 mhr basis) 0.26 0.38 1.09 1.21 Surface Supplied dives 3619 3675 3410 1379 Saturation Dives 867 1223 1653 570 ROV Dives 733 839 726 697 1 per IMCA 100,000,000 basis 2 per IMCA 1,000,000 basis 3 Observations reported through Kreuz Observation Card Introductory Presentation_...2016/ 28-Oct-16/ 23 of 1
Kreuz Advantage 1) Integrated turnkey solutions and core competencies in IRM, Subsea Construction and SURF works 2) Long term enabling contracts 3) Deep and extended repeat Clientele 4) Positioned to become Contractor of choice 5) Management with strong operational experience 6) Very flexible organization 7) Diversified and modern assets 8) Honest, ethical and transparent engagement 9) Complete range of services diving from Client asset to executing a full turnkey work involving multiple locations / assets Introductory Presentation_...2016/ 28-Oct-16/ 24 of 1
Tough and Creative Thank you Introductory Presentation_...2016/ 28-Oct-16/ 25 of 1
Going beyond limits Introductory Presentation_...2016/ 28-Oct-16/ 26 of 1