Capital Marked Presentation

Dof Subsea Atlantic Region

Agenda

DOF Subsea 2

Atlantic Business and Area of Operation

Clients & Some Ongoing Contracts

Our Capabilities

Market Outlook

DOF Subsea

Atlantic Business and Area of Operation

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.

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• 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

• 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

HSEQ

Our Business segments

• Seabed and Pipeline Survey

• IMR

• Subsea Construction

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Area of Operation

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Med

We run the regional business from : Bergen Aberdeen Angola

DOF Subsea | Atlantic Locations

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

DOF Subsea

Clients & Some Ongoing Contracts

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

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Scope of Work

Site and route definition surveys On board geophysical data interpretation charting

and reporting.

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

Seabed Survey & Light Construction

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.

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Installation method

Installation method

Well abandonment campaign

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

Client: OIS Location: various, UK sector Vessel: Skandi Constructor Year: End 2011

DOF Subsea

Our Capabilities

• 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 & Construction

• 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 | Engineering Capabilities

Laying Analysis

Midwater Arch / Structure Installations STP Tow/Installation

DOF Subsea | Installation Engineering

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 | Flexible & Umbilical 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

Skandi Skolten, Bluewater 85 Te Suctionpiles with chains and wires

DOF Subsea | Mooring Installation

FPSO Hook-up to pre-laid mooring

Positioning

Hooked-up

Hooking-up

DOF Subsea | Mooring Installation

Skandi Bergen Statoil Ormen Lange Project

Skandi Skolten, Atlantis Resources 195 Te Turbine Installation

Installation of subsea structures

DOF Subsea | Subsea Structure Installation

We operate more than 20 ROV systems and have more than 150 highly competent ROV supervisors/pilots

Statoil Tune South Phase II, Jumper Replacement & RTS Tie-In

Subsea Disconnections

DOF Subsea | Tie-in & Diverless Intervention Capabilities

Field Abandonment & Decommissioning Capabilities

Skandi Skolten, ConocoPhillips Seabed Cleanup, 2010 Geosund

210 m of 30” Pipe, cut in 12m sections. 2800 Te of Concrete Covers (165 covers in total).

Skandi Bergen, Total Frigg Seabed Debris Removal, 2011. 780 Te of structures Recovered from the Seabed.

DOF Subsea

Market Outlook

G&G SurveysSubsea Services

G&G SurveysSubsea Services

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

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

Combined IMR and Survey market to grow by 8% per year towards 2016

*CAGR = Compounded annual growth rate Source: Rystad Energy analysis, DCube

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IMR and Survey spend USD million

IMR and Survey spend (2012-2016) by region

USD million

IMR Survey

IMR Survey

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 !

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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

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Thank you