GSP Presentation · • Commissioning and Operation • Manpower . 6 Our Business SHIPPING • AHTS, AHT and PSV vessels

GSP Presentation

www.gspoffshore.com 2

Company Overview

• Established in 2004

• Member of Upetrom Group

• Experienced management team with a long history and track record in a variety of segments of the oil & gas industry

• Strong operating platform built for growth

• Controls a high quality fleet of diversified onshore and offshore assets enabling the group to offer turnkey solutions

• Strategically located in a fast growing region

• Strong customer base with a dominant market position in the growing Black Sea, Azov Sea, Marmara Sea and South East

Mediteranean markets

• Solid contract coverage for both vessels and rigs

• Member of the International Association of Drilling Contractors (IADC), International Well Control Forum (IWCF),

International Maritime Contractors Association (IMCA).

• HSEQ Management System is certified as being in full compliance with ISO 9001, ISO 14001, BS OHSAS 18001 and ISM

Code requirements. FPAL has audited our HSE MS - scored 9.1 from a maximum score of 9.4

• More than 1,500 employees

• HQ in Constanta Romania, subsidiary offices in Moscow, Rotterdam, Aberdeen, Dubai, Mexico, Alma Ata, Tunis, Oslo,

Valetta, Limassol, Tripoli

• Deloitte has been GSP‟s auditor since 2004

Short History

In 2004, following the privatization of National Oil Company, Petrom, GSP employed 90% of the personnel of its Offshore

Drilling Branch, Petromar - the entire offshore drilling, maintenance and maritime crew members and the onshore technical

assistance & engineering personnel, and took over six offshore drilling rigs, five offshore support vessels and a crane barge.

Today, a significant part of GSP`s top and middle management gathers offshore engineering specialists who developed their

careers within Petromar or IFLGS Bucharest (the operational base of the Drilling and Special Geological Operations

Enterprise). The above mentioned companies were established in the 1970s and have a long history in the offshore drilling

industry, both being branches of the National oil company, Petrom.


Key Customers


Company Profile

Grup Servicii Petroliere (GSP) headquarters are located in Constanta Harbor, Romania.

GSP provides a wide range of integrated services in the following business areas:

• Offshore Drilling

• Offshore Construction

• Support Vessels

• Well Services / P&A / Decommissioning

• Hydro-technical Construction

• Engineering

• Subsea Installation

• Offshore Windmill Construction & Installation

• Training

GSP is a member of International Association of Drilling Contractors - IADC


Our Business

DRILLING ACTIVITIES

• Directional and Horizontal Drilling

• Maintenance and Repairs

• Offshore and Onshore Wells Design

• Rig Moving Operations

• Ordinary and Continuous Coring

• Engineering and Technical Consultancy

• Side Tracking and Re-entries

• Fishing Jobs

• Drilling Fluids Engineering

• Conductor Hammering

• Wells Production Stimulation

OFFSHORE CONSTRUCTION

• Engineering and Design of Offshore Installations

• Onshore Fabrication and Assembly Yards (Berth 34

Constanta, Midia North Constanta, Agigea South Constanta)

• Midia Pipeyard and Machine Shop

• Onshore Heavy Lift Equipment up to 550 t

• Load-out, Sea fastening and Transportation

• On Site Installation, Wind turbine erection

• Subsea Pipe Line, Umbilical and Cable Laying

• Saturation diving and ROV operation

• Commissioning and Operation

• Manpower


Our Business

SHIPPING

• AHTS, AHT and PSV vessels

• Offshore Personnel Carrier and offshore

MEDEVAC vessel

• Diving Support Vessel

• Construction Vessels

• DP2 Flex-Lay / J-Lay Pipelay Vessel

• Ocean transport Submersible Barge

• Top Flat Barge (incl.250 and 550 t cranes)

• Top Flat Sliding Barge

• Marine Floating Crane 100 t

• Barge Shearleg Crane 1800 t

• Derrick accommodation/offshore construction

support barge

• Derrick Lay Barge

TRAINING

• Training in well control

• Training in operating the driller‟s cabin controls (Cyber Chair)

• Safe operation of onshore and offshore cranes

• Training in HSE

• On-the-job training

• Drilling Superintendent module training

• Safe operation of DP/non-DP operated vessels

• Safe operation of ROV

• Anchor handling and Dynamic Positioning

• Heavy lift operations

• Survival at sea

• Fire fighting


Our Business

HYDROTECHNICAL CONSTRUCTION WORKS

• Water capture for creating domestic usage water networks

or industrial usage water networks

• Dam construction for production of electric energy

• Protection against flooding by regulation of watercourses

• Drainage and shore protection

• Development of water transportation by dredging works

and channel construction

• Development of nautical recreation and sport areas

• Breakwater construction for harbor protection

• Quays, harbor platforms, maintenance dredging of harbors

• Environmental water works

• Rehabilitation of shoreline areas

• Preservation of beach areas

WELL INTERVENTION SERVICES

• Engineering and Design of Workover

• Workover Operation

• Coil Tubing: Fishing, Acid and Nitrogen Pumping

• Wells Production Stimulation (Fracking, Acidisation)

• Fishing Jobs

• Wire Line Operation

• Subsea well intervention

• High-pressure/high-temperature wells

• Horizontal and extended-reach intervention

• Large well-bores and high-capacity

production wells

• Multi-lateral well intervention

• Training of personnel

• Manpower


Our Business

NEW SERVICES FOR THE NORTH SEA

Grup Servicii Petroliere in cooperation with Schlumberger, provides cost effective, safe and efficient P&A services

for the North Sea.

GSP is the single source decommissioning solution providing a full range of engineering and decommissioning services,

as well as turnkey solutions, with focus on safety and environmental preservation

• Drilling Rigs: three and four legged Independent Leg Cantilever Jack-ups with solid safety cases;

• Specialized Fleet: the heavy lift semi-submersible barge GSP Bigfoot 2, the 1,800T crane barge GSP Neptun

and an extended number of AHTs, ROV/AUV/IMRs & Survey;

• Subsea Services employing work and inspection class ROVs rated 3,000 msw and appropriate subsea

tooling to perform cutting, debris removal and well plug and abandonment services

with the highest precision;

www.gspoffshore.com

GSP Construction and Workshop

Facilities:

• GSP Central Production Facility, Berth 34

• GSP North Production Facility, Midia

• GSP South Production Facility & Shipyard, Agigea


GSP Production Facilities

The location provides fast river /canal connection with Western

Europe and directly with Rotterdam port, through the Rhine-Main

canal.

Google Earth®

GSP North

Production Facility,

Midia

GSP Central

Production Facility,

Berth 34

GSP South

Production Facility

& Shipyard, Agigea

Google Earth®

Constanta

Rotterdam

Constanta

20 Km

7 Km


GSP Central Production Facility - Berth 34, Constanta Harbor

• Multipurpose workshop for industrial buildings

• The workshop is endowed with a ten tons gantry

• A heavy duty open concrete platform completes the production area

• Berth facilities allow execution of various types of offshore construction as well as vessel and offshore drilling

rig overhaul projects

GSP

HEADQUARTERS

WORKSHOP

GSP TRAINING

CENTER

QUAY

total area – 15,100 sqm.



• Offshore Prefabrication and Construction

• Jack-up rig Overhaul and Upgrading

• Barge Conversion

• Complete Drilling Package Outfitting

for jack-ups and Drillships

• Offshore Oilfield equipment Repairs

• NDT

• Steelwork

• Tubular and Valves Checking and Repairs

• Hydraulic Equipment Checking and Repairs

• Electrical Equipment Checking, Measurement,

Rewind and Repairs

• Engines Maintenance and Repairs

• Cranes and Lifting Equipment Checking and Repairs

• Refrigeration Plant Maintenance and Repair Work

• Carpentry

GSP HEADQUARTERS

WORKSHOP

total area – 15,100 sqm



• concrete & asphalt pavement 8, 300 sqm

• maximum allowed load 30 tons / sqm

• total berth length 100 m

• quay water depth 12 m

New construction & assembly hall – 4,500 sqm:

• production area - 2 000 sqm (fully heated)

• one gantry - 10 tons

• offshore welding school (fully heated)

• storage areas - 300 sqm

• workshops

• boiler room, locker rooms, lavatories

Main office – 3,970 sqm:

• reception

• meeting rooms

• offices

• boiler room

• design rooms

• IT rooms

Working on

GSP Saturn Rig

Upgrade Project





GSP Training Center - Berth 34, Constanta Harbor gsptrainingcenter.com

GSP Training Centre is the first step in the GSP’s endeavor to build a complete set of facilities capable to offer

a comprehensive training package, including the following:

• Towing Operation course

• Dynamic Positioning Familiarization

• Dynamic Positioning Advanced

• Non-Destructive Testing

• Welding Courses


• Introduction to Well Control

• Electronic Drilling System

• Top Drive System

• Vocational training for roughneck

• Vocational training for motorman

• On shore crane operator


GSP Training Center - Berth 34, Constanta Harbor gsptrainingcenter.com


• 2310 square meters total area

• 120 seats in four training halls

• 20 seats in conference room

• 14 design offices

• 50 seats in cafeteria

Simulator room:

Equipped with the DrillSIM-6000 capable to offer full Well Control training and training in Cyber Base operating controls


GSP Training Center - Berth 34, Constanta Harbor gsptrainingcenter.com – future capabilities

Offshore Simulator Example Maneuvering from the aft bridge station – actual customer installation photograph

Offshore Bridge Simulator DNV Class A offshore bridge • DP • Anchor Handling • Towing • Fore and aft stations

Anchor Handling Actual anchor handling aft bridge simulation installation

Crane Simulator

Rig Cranes • Vessel Cranes •

Heavy Lift floating cranes •

Mobile land cranes

ROV Simulator

Engineering Simulator Screen based simulator framework • FM Engine Room Sim • FM Liquid Cargo Handling Sim


GSP North Production Facility - Midia Base

Midia Base is a unique industrial facility / harbor in Romania, integrating all required services to support our offshore

drilling activity.

These facilities are also available to provide:

• Well intervention services in the Black Sea

• Construction of modules for the petrochemical industry in Eastern Europe and the Middle East




• Offshore prefabrication and construction

• Jack-up rigs overhaul

• Land rig overhaul with the support

of Upetrom 1 Mai

• Offshore oilfield equipment storage

and repairs

• NDT

• Steel works

• Tubulars and valves storage,

checking and repairs

• Pipe coating, pipe storage

• Hydraulic and equipment storage, checking and repair

• Electrical equipment storage, checking, measurement,

rewind and repairs

• Engines storage, maintenance and repairs

• Cranes and lifting equipment

• Refrigeration plant maintenance and repair works

• Carpentry




• crushed stone pavement area 310,000 sqm

• maximum allowable load 15 tons / sqm

• concrete pavement 45,000 sqm.


Construction & assembly hall – 7,500 sqm:

• production area – 3,500 sqm

• storage areas – 3,350 sqm

• workshops

• offshore welding school

• automatic line for tubular drilling equipment check & repair

• drilling school (similar offshore rig equipment)

• offices


Offices - 900 sqm:

• meeting rooms

• mess rooms

• office rooms

• locker rooms

• lavatories

total berth length 1,100 m

quay water depth 7 m




Development Phases

Phase I Existing Operation Base

Phase II

Phase III Final Development Phase


GSP South Production Facility & Shipyard, Agigea

GSP Shipyard located in Constanta Sud – Agigea Port offers the necessary infrastructure to support offshore construction

with a complex steelwork facility endowed with an extensive fleet of heavy lift cranes.

The Constanta South – Agigea Port facility includes a multipurpose workshop and a heavy duty open platform,

as well as the necessary infrastructure and utilities

• crushed stone pavement area 34 000 sqm


• pile reinforced area 2,400 sqm


• concrete pavement 9,400 sqm


working on

GSP Bigfoot 1

Project

total berth length 1,037 m

quay water depth 7 m





New built construction & assembly hall - 3,000 sqm:

• production area 2,250 sqm

• two 40 ton gantries

• storage areas

• workshops

• offices

• mess room


New built yard quarter - 900 sqm:

• meeting rooms

• mess rooms

• office rooms

• locker rooms

• lavatories

working on

the Jacket for

Akcakoca Project


Working on GSP Bigfoot 1 Project - 02.2010

Working on the topside for

Akçakoca Project - 03.2010

Working on the jacket for

Akçakoca Project - 03.2010

Overall picture - 01.2010


Pictures


GSP Fleet

GSP Prince: IMR & Survey ROV Offshore Support Vessel built in 2009, Baatbygg Shipyard

GSP King: AHTS offshore support vessel, built in 2005, Singapore, ABS class

GSP Queen: AHTS offshore support vessel, 8000HP. Built in 2005 Singapore, ABS class

GSP Vega: AHTS offshore tug/supply vessel built in 1983. 12800HP, DnV class

GSP Alcor: AHTS offshore vessel, built in 2010, ABS Class

GSP Orion: Offshore supply vessel built in 1983. Major upgrade 2009. DnV class

GSP Licorn: Tug and supply vessel built in 1995. BV class

GSP Perseu: Tug and supply vessel built in 1994. BV class

GSP Phoenix: Passenger and supply vessel, built in 1995. BV class

GSP Lyra: High speed passenger and MEDEVAC vessel

Jack up rigs

Vessels

Modular rig GSP 31: Onshore & Offshore modular drilling rig, built in 1986, upgraded in 2010

GSP Saturn: Built in 1988, rebuilt in 2009, cantilever type, ABS class

GSP Jupiter: Built in 1987, rebuilt in 2007, cantilever type, ABS class

GSP Orizont: Built in 1982, rebuilt in 2010, cantilever type, GL class

GSP Atlas: Built in 1985, rebuilt in 2007, cantilever type, GL class

GSP Prometeu: Built in 1984, upgraded in 2003, ABS class

GSP Fortuna: Built in 1984, upgraded in 2011, cantilever type, ABS class

GSP Britannia: Built in 1968, rebuilt in 1984, upgraded in 2011, cantilever type, ABS class

26 www.gspoffshore.com

GSP Fleet

Liebherr LG 1550: Onshore crane with 550 tons lifting capacity

Liebherr LR 1300: 4 crawler cranes with 300 tons lifting capacity

Liebherr LR 1280: Crawler crane with 280 tons lifting capacity



Liebherr LTM 1070: All terrain mobile crane with a 50 metres length

telescopic boom and 70 tons lifting capacity

TEREX A 300: Hydraulic rough terrain crane with 30 tons lifting capacity

MDK 504: TAKRAF crane type with 27 tons lifting capacity

All our assets are compliant with:

• MODU Code requirements

• ISM (International Safety Management Code)

• ISPS (International Ship and Port Facility Security Code)

• SOLAS (Safety Of Life At Sea)

• MARPOL (Maritime Pollution)

• IMO (International Maritime Organization)

• COLREG (Collision Regulations)

• Load Line Conventions

• International Conventions of Tonnage measurements of ships

Offshore heavy

lift cranes:

GSP Neptun: 1800T floating shearleg crane, built in 1998, upgraded in 2010

GSP Granit: 100 tons floating crane

Onshore

heavy lift

cranes:

GSP Falcon: DP2 Flex-Lay / J-Lay Pipelay Vessel

GSP Bigfoot 1: DP3 Derrick / Pipe Lay Barge

GSP Bigfoot 2: Semi-submersible, Heavy lift, Transportation Barge

GSP Bigfoot 3: Derrick, Accommodation, Construction, Support

Barge

Construction

Vessels:

ROVs:

GSP ROV Triton XLR - Perry Slingsby

GSP ROV Triton XLX - Perry Slingsby

GSP ROV Mohican - Inspection Class ROV

GSP ROV Navajo

SAT Diving

System GSP Sat 1 12 man saturation diving system, operating water depth 300 m.


GSP Fleet - Rigs

GSP Saturn

Rig Type Four legs, self

elevating unit, cantilever

Design Sonnat Offshore Company

Builder Galatzi Shipyard, Romania

Year built 1988, rebuilt in 2009

Class ABS

Flag Panama

Accommodation for 100

Helideck 80 x 80 ft, rated for PUMA

SA 330 B / BELL 212–412

helicopter

Max Drill depth 30,000 ft

Max Water Depth 300 ft (91 m)

GSP Jupiter

Rig Type Four legs, self e

levating unit, cantilever




Class ABS

Flag Malta

Accommodation for 95+2 Hospital


SA 330 B / BELL 212–412

helicopter



GSP Orizont






Class ABS

Flag Malta

Accommodation for 95+2 Hospital


SA 330 B / BELL 212–412

helicopter



GSP Atlas






Class Germanischer Lloyd

Flag Malta

Accommodation 90+2 Hospital


SA 330 B / BELL 212–412

helicopter




GSP 31

Rig Type Modular Drilling

Rig, skidding type

Design DRECO, National

Oilwell Technology

Year built 1986, upgraded

in 2010

Class Det Norske Veritas

Max Drill Depth 12,000 ft /

3,600 m

GSP Britannia



Design Breit Engineering Inc.

Builder Norsmec Redcar UK

Year built 1968, rebuild in 1984,

upgraded in 2011

Class ABS

Flag Vanuatu

Accommodation 104

Helideck 75 x 75 ft, rated for

Sikorsky S-61 helicopter



GSP Fortuna

Rig Type Three legs, self


Design Friede & Goldman

Builder Astilleros Corientes

ARG.

Year built 1984, upgraded in

2011

Class ABS

Flag Vanuatu

Accommodation 88

Helideck70 ft diameter, rated

for Sikorsky S-61 helicopter



GSP Prometeu

Rig Type Four legs, self elevating

unit

Design Sonnat Offshore

Company

Builder Galatzi Shipyard,

Romania

Year built 1984, upgraded in 2003

Class ABS

Flag Malta

Accommodation 90 + 2 Hospital

Helideck 80 x 80 ft, rated for

PUMA SA 330 B/BELL 212–412



GSP Fleet - Rigs


GSP King

AHTS Offshore Support Vessel,

class ABS, towing, fire fighting

and antipollution vessel

Class 1, DPS-2, main engines

2 X 4,000 KW @750 rpm,

Wartsila 8L32

Built in 2005 by Jaya

Shipbuilding & Engineering

Pte. Ltd., Singapore.

Duties

offshore drilling rig towing and

positioning, rescue, supply

transport for offshore activities.

GSP Queen


class ABS, towing, fire fighting

and antipollution vessel

Class 1, 8,000 HP, DPS-2,

effective power 2 X 2,925 kW

Built in 2005 by Jaya

Shipbuilding & Engineering

Pte. Ltd., Singapore.

Duties


positioning, rescue missions,

supply transport for offshore

activities.

GSP Alcor


class ABS, class notation A1E

Offshore Support Vessel, Fire

Fighting Class 1 + AMS + DPS-1,

offshore support, towing, fire

fighting and antipollution

vessel. Main generators 3 x 350

kW @ 1,500 rpm / 415 V / 3Ph /

50 Hz Caterpillar C18

Built in 2009 at Fujian, China.

Duties


positioning, anchor handling,

rescue missions, supply


GSP Vega

AHTS Offshore Tug/Supply

Vessel, class DnV., DP1

firefighting, antipollution, rescue

vessel with 150 persons

capacity

Class 1A1 ICE-C Tug Supply

Vessel E0 DYNPOS AUT,

designed and built in 1983 by

Bolsoenes Verft, Norway. Main

engines 4 x MAK Diesel 3,200

BHP, total 12,800 HP

Duties


positioning, rescue, supply


GSP Fleet – AHTS Vessels


GSP Prince

DP2 IMR & Survey/ROV Support

Vessel, class DnV +1A1, SF , E0,

DYNPOS AUTR CLEAN, COMF-

C3-V3, HELDK-SH, NAUT OSV

(A), DK(+), ICE-C

Built 2009, Baatbygg Shipyard,

Norway.

Two azimuth thrusters for main

propulsion X 2.2 MW each

Two bow tunnel thrusters

X 1,150 kW + one bow

retractable azimuth thruster

1,400 kW

Duties

sub-sea duties such as ROV

operations, survey, bottom

mapping, sub-sea installation

works, diving and intervention

support, mother vessel for

AUV/UUV operations, geo-

technical investigation survey.

GSP Orion

Supply vessel class DnV +1A1

OILREC SF EO DINAPOS-AUT

Built 1983, by Sigbjørn Iversen

AS (SIMEK AS) Shipyard,

Flekkefjord, Norway. Major

upgrade in 2009.

Main propulsion system, Rolls

Royce Bergen diesel electric

engines 5,160 HP.

Duties

Offshore support including Oil

Spill Recovery (OSR) capability

under EMSA (European

Maritime Safety Agency)

coordination, covering the

European Union border at the

Black Sea.

GSP Licorn

Tug and supply vessel, class BV

Built 1995

Effective power 2 x 1,814 kW,

length 60.79 m, width 13.59 m,

maximum 38 persons.

Duties

supply transport, assistance

during towing and positioning

of offshore drilling rigs

and support for drilling

and production rigs.

GSP Perseu

Tug and supply vessel, class

BV

Built 1994

Effective motor power

2 x 1,814 kW, length

60.92 m, width 13.59 m,

minimum crew 13.

Duties

supply transport, assistance

during towing and positioning

of offshore drilling rigs,

assistance and support

for drilling and production rigs.

GSP Fleet – IMR ,Survey & PSV Vessels


GSP Phoenix

Passenger and supply vessel,

Built 1995

Effective power 2,800 kW, class BV.

Length 73.33 m, width 13.63 m,

minimum crew 13,

maximum passenger number 99 persons.

Duties

personnel and supply transport

for offshore drilling and production rigs.

GSP Lyra

Special Offshore Vessel (Crew and MEDEVAC)

Built 1988 by Baatutrustning

AS-Rubbestadneset Yard, Norway,

upgraded in 1991,

Class IRS (International Register of Shipping).

45t net tonnage.

Passengers & crew capacity 101 persons

(96 passengers, 5 crew).

Duties

personnel transportation service

for offshore installation projects, as well

as for shallow water offshore rigs crew

transport and MEDEVAC missions.

GSP Fleet – Crew & MEDEVAC Vessels


GSP Bigfoot 1

DP3 Derrick/Pipe Lay Barge

Class ABS +A1 Barge, E; DPS-2; UWILD,CRC

Built in 2010 in GSP Shipyard, upgraded in 2011,

Heavylift 400 MT offshore mast crane, 60 MT pipe

handling crane,

Length (excluding stinger) 135.00 m, 6 x 2,200 kW

Rolls Royce Azimuth Thrusters, Kongsberg DPS

Class 3, 270 MT pipelaying capacity, 6 x 50 MT Pipe

Repair Davits, A&R Winch capacity of 300 MT, three

sections 90 m Stinger, helideck for Sikorsky S-61N

& S-92, accommodation for 240 POB.

Duties

Pipelay, heavy lift works. The pipelay system is

based on the single joint S-lay principle. The barge

is capable of installing 6” to 60” diameter

pipelines.

GSP Falcon

DP2 Flex-Lay / J-Lay Pipelay Vessel

Class DNV 1A1, ICE-1B, HELDK, DYNPOS ATUR.

Built in 1976, major upgrade and conversion into

offshore construction vessel in 1994, rigid pipe lay

system installed in 1996.

Main power system: 2 x AEG, 7,000 HP;

propulsion: 7 thrusters (5 x 1,305 kW,

1 x 1,200 KW, 1 x 1,540 kW).

Duties:

Installation of rigid pipelines, flexible flowlines

and umbilicals; flexible lay capacity 1,600 tons,

and rigid lay of 4 to 14 inch pipe welded, tested

and coated conventional horizontal firing line

and overboarded via radius controllers

and straightener and J-Lay ramp located

at stern of ship.

GSP Fleet – Construction Vessels


GSP Bigfoot 3

Derrick, Accommodation, Construction, Support Barge

Class ABS + A1 Accommodation Barge + IMO MODU Code

2001, Fire Fighting equipment complying to Classification

and SOLAS

Crane 550 tons

Length 100 m (deck strength 15 tons / m2, clear deck space:

1338 m2, helideck for Sikorsky S92, accommodation for 300

Built in Korea in 2009.

Duties

offshore accommodation facilities complying top comfort

and safety standards for crews while being mobilized in

offshore construction projects such as cable or pipeline

laying, coastal construction support, offshore remote location

projects, platform installation, commissioning, maintenance

and repair, drilling tender support, heavy lift work.

GSP Bigfoot 2

Semi-submersible, Heavy lift, Transportation Barge

Class Lloyd‟s Register, class notation +100A1

submersible pontoon, maximum operating depth

12.26 meters to bottom of keel, deck strengthened

up to 15,000 kg / m2.

Length 122.45 m

Built 1977 in Japan

Rebuilt in GSP‟s North Production Facility – Midia Base.

Duties

dry heavy marine transportation – offshore drilling

rigs, offshore production structures and modules

such as jackets, topsides, other heavy floating

and non-floating cargoes, using the float

on / float off method, other offshore

installation works.

GSP Fleet – Construction Vessels


GSP Neptun

1,800 tons floating crane,

Built in 1998, upgraded in 2010

Lifting speed / load 1.8 m / min., lifting speed /

unload 3.6 m / min., lifting height 76.00 m.

Length (LOA) 83 m, width 36 m,

gross tonnage 6,557t.

Accommodation: 9 persons.

Duties

offshore construction – platform installation,

rebuilding and removal.

GSP Fleet – Crane Barges

GSP Granit

100 tons floating crane,

Built in 1973

Length 40,66 m

Width 20.02 m

Effective motor power 2 x 331 kW,

Accommodation: Crew only – 16


GSP Fleet – ROV & Sat Diving

GSP‟s diving services have the reputation for both excellence

and highly trained and passionate personnel and most advanced

technologies and equipment.

GSP operates a modularized saturation diving system designed

to be installed on various construction and support vessels,

depending on project requirements.

The 12 man saturation diving system was designed and built

by LexMar Engineering, and is IMCA and ABS compliant.

It allows divers to undertake subsea surveys, light construction works,

inspections, maintenance and repair up to 300 meters water depth.

The ROVs (Remotely operated vehicle) GSP owns and operates incorporate latest generation robotic technologies being able

to operate in the safest manner in the toughest weather conditions and challenging environment.

GSP operates four ROVs:

Perry

Slingsby

Triton XLR,

Medium Duty

Work Class

ROV,

3,000 msw,

125 HP

Perry

Slingsby

Triton XLX,

Heavy Duty

Work Class

ROV, 3,000

msw,

150 HP

Navajo

compact

size and

weight

portable

ROV system,

300 msw

Mohican Inspection

Class ROV system,

2,000 msw,

incorporating an

enhanced propulsion

system which allows it

to continue working in

high current conditions

www.gspoffshore.com

GSP Activities

• Offshore Construction

• Offshore Drilling


DLS Project – Black Sea, Russian Federation Ultimate Client: Gazprom, Russian Federation

The Dzhubga – Lazarevskoye – Sochi gas pipeline is part of the Program for Construction of Olympic Facilities

and Development of Sochi as a Mountain-Climatic Resort, approved by the Government of the Russian Federation.

The gas pipeline is designed to provide a reliable energy supply to Sochi and other areas, including delivery of gas

to the Olympic facilities which are under construction; it gives a powerful impulse to the implementation of gas supply

in both private and public households of Sochi and the Tuapse District, particularly facilitating the power supply on the

Black Sea coast of the Caucasus.

The total length of the gas pipeline is 177 kilometers, including the 159.5 kilometer offshore section. The pipeline route runs

on the Black Sea bottom following the coastline (approximately 4.5 kilometers away from the coast) to the Kudepsta gas

distribution station near Sochi. The 24 inches gas pipeline will have an annual throughput capacity of approx. 3.8 billion

cubic meters.

GSP, as contractor for the offshore works, installed the submarine pipelines (159.5 km), including welding,

non-destructive testing, inspection, pipe transport, installation of five shore approaches,

pipeline tie-ins, ROV operations, surveys, trenching and pipeline hydrotesting.


Akcakoca Oil Field Project – Black Sea, Turkey Client: TPAO, Turkey

The Akcakoca site is located in a water depth of 95 metres, approximately 14 km from shore. The Akcakoca gas project

included fabrication, transport, installation and hook-up of a 4-leg jacket over the two predrilled wells, AKC-3 and AKC-4, and

drilling three new directional wells, using GSP‟s self contained modular drilling rig GSP 31, which will also be used for

completing

and maintaining all wells.

The four leg cross-braced jacket supports a two level trussed deck, also fabricated, installed and hooked-up by GSP.

GSP Bigfoot 1 installed subsea pipelines of 12‟‟ and 7 kilometers and made tie-ins to the existing offshore pipeline system via

a piggable wye connection, for transporting the produced gas from the Akcakoca platform to the Cayagzi gas processing plant

located onshore near Akcakoca town.

GSP carried out all fabrication, construction, installation, drilling and pipelay for the project.


Galata Project – Black Sea, Bulgaria Client: Melrose Resources, England

In early 2009, Melrose Resources commenced a development program to convert the Galata field offshore Bulgaria

to a gas storage facility.

GSP was awarded the contract for engineering, procurement, fabrication, transportation, offshore installation and testing

of the pipelines 8.5 km x 6” from Galata Platform to Wellhead Kavarna 2, and 14.5 km x 10” from Galata Platform to Wellhead

Kaliakra 2, with associated piggyback liquid lines.

Pipeline installation was performed by GSP Bigfoot 1 in water depths ranging from 36 to 80 meters.

40 www.gspoffshore.com

Drilling Projects

Since its establishment, Grup Servicii Petroliere has been a leader in offshore drilling

operations. Projects carried out by GSP include:

• Offshore exploration drilling campaign on the Bulgarian continental shelf between

2004 and 2005, for Melrose Resources;

• Offshore horizontal sidetracking and directional drilling in Salman and Esfandihar

fields in the Persian Gulf between 2004

and 2005 for PEDCO Iran;

• Offshore drilling campaign on the Turkish continental shelf in 2006 for TPAO;

• Vertical and directional exploration and production drilling, well completion,

production tests with two MODUs

in the Black Sea, GSP Jupiter and GSP Saturn, in various offshore fields between

2006 and 2007 for Petrom;

• Exploration drilling operations in Doina field, Black Sea, the well completion and the

production tests at the beginning

of 2008, for Midia Resources (a subsidiary of Sterling);

• Onshore directional drilling campaign on the Mamu and Bustuchin locations, for the

development of the natural gas reserve in 2008 and 2009 for Petrom;

• Offshore drilling campaign started in 2011 with two MODUs, GSP Atlas and GSP

Orizont in the Gulf of Mexico, in the Canterell perimeter. GSP was awarded a long

term contract by Petroleos Mexicanos.

• Offshore drilling campaign started in 2012 with MODU GSP Saturn in the North Sea,

on the continental shelves of The Netherlands, Germany, Denmark, and United

Kingdom. GSP was awarded the 12 months contract (with consecutive extension

options for 2 x 12 months) by Wintershall Noordzee.

GSP’s personnel was involved since 1976 in the offshore operations carried out by the

Drilling and Special Geological Operations Enterprise (IFLSG) and Petrom’s Offshore

Drilling Branch.


Drilling Projects

GSP has been involved in the most important offshore drilling projects in the Black Sea area, on the continental shelves of

Romania, Bulgaria, and Turkey, rapidly growing into the regional leader of the offshore drilling industry. Simultaneously, the

Company carried out extended operations on the Greek continental shelf in the Mediterranean as well as in the Persian Gulf.

GSP has considered from the very beginning the drilling opportunities outside its home market, focusing on the Gulf of Mexico

and the North Sea as strategic target markets. GSP is now a global offshore drilling contractor, operating worldwide.

Persian Gulf:

• Saravan for Repsol YPF;

• Salman, Esfandiar and Foroozan for PEDCO;

• Reshadat and Hengam for IOOC;

The offshore operations carried out in Midia, Neptun, Pelican

perimeters on the Romanian continental shelf, and Shabla

and Galata on the Bulgarian one were carried out before

2004 by the actual GSP’s offshore drilling

& engineering professional body.

Black Sea:

• Pescaruş, Lebada Vest and Lebăda Est,

Sinoe, Delta, Orion for Petrom;

• Doina for Midia Resources, Ayazli,

Akkaya, Bayahauli for Toreador Resources;

• Ayazli and Igneada for TPAO;

• Cayagzi for Madison Oil;

• Samontino and Galata for Melrose Resources;

• Yury Shimanov for Petreco;

• Kallirahi and Epsilon for Kavala Oil.

A few offshore fields where GSP was the drilling contractor for the production development:


GSP activities in the Black Sea

www.gspoffshore.com

GSP Investment Policy

• Current / Ongoing Investments

• Planned Investments

• Future Potential Investments


Investment Policy

Since 2004, GSP has invested almost one billion USD in the acquisition and modernization of its vessels and drilling rigs,

including extensive upgrades of GSP Jupiter and GSP Saturn rigs and conversion of GSP Bigfoot 1 and GSP Bigfoot 3.

GSP puts strong emphasis on its workforce and will continue to invest in the training and education of its employees to

ensure the highest quality of operations.

GSP has a long term investment plan including the continuous modernization of the equipment onboard of the drilling rigs.

GSP is the dedicated investment vehicle for the group‟s non transportation offshore assets

All investments made must meet GSP‟s long term strategic objectives and return requirements

GSP JUPITER pre and post upgrade

December 2007 December 2006 September 2008 June 2009

GSP SATURN pre and post upgrade


Recent investments / Under Upgrade GSP Bigfoot 1 Barge

New Build finished in March 2010 at GSP South Production Facility & Shipyard, Agigea, Constanta, currently under upgrade

The upgrade project carried out in GSP Shipyard aims to increase the performance of the vessel and thus increase

productivity. At the end of the upgrade works, GSP Bigfoot 1 will be able to launch 3 km pipeline per day.

Project Objectives:

• the installation of the vessels own propulsion system through the DP3 system

• the installation of 6 azimuthal thrusters

• increased tensioners' capacity from 120 to 200 tons

• installation of the a power plant with 3.5 MW generators

• increase of the maximum diameter of the pipes up to 48 inches

• the extension of the operation area up to 300 m sea depth

• increased productivity

• increased accommodation capacity

After Upgrade


Under Upgrade GSP Prometeu Jack-up Rig

Curently

Rig Type Four legs, self elevating unit



Year built 1984, upgraded in 2003

Class ABS

Flag Malta

Accommodation 90 + 2 Hospital

Helideck 80 x 80 ft, rated for PUMA SA 330

B/BELL 212–412 helicopter



After Upgrade - 2013

Rig Type Four legs, self elevating unit, cantilever


Builder GSP Shipyard

Year built 2012

Class ABS

Flag TBA

Accommodation for 100

Helideck 80 x 80 ft, rated for PUMA SA 330 B /

BELL 212–412 helicopter


Max Water Depth 300 ft (91m)


Special Investments

12000 Ton Full Revolving DP2 Self-propelled Heavy Lift Vessel for Deepwater

(future capability Ultra Deep water J-Lay pipeline)

• Tremendous ability to resist extreme wind and wave with huge hull size able to accomplish various missions like hoisting, survey and salvage under all marine depth whatever from shallow water

(less than 400m) or deep water (400m – 1500m), or extremely deep water (over 1500m)

• Self- propelled. When operating, the vessel can be positioned

either by anchor or by DP System can turn 360 degree on the spot.

The sailing speed is up to

11-13 knot, and reaches over

20 knots by DP system

• Heavy Lift Capacity 12000 ton at 120 meter high,

it‟s able to deal with hyper module

lifting and installation, jacket positioning,

platforms removal and all other heavy

lifting job on sea

• Deep water work capacity able to undertake heavy

salvage in 3000 meter

under water or over


Special Investments

Length overall 297.55 m

Length BP 290.25 m

Moulded Breadth 58.00 m

Moulded Depth 28.80 m

Design Draft 13.5m

Scantling Draft 17.6 m

Operation draft 17.6 m

Navigation draft 13.5 m

Complement 380 p（CREW 72 P, Worker 308 P）

Type of Main Engine B&W 7S80MC

Rated Power 21120 KW / 69.2 rpm (MCR),

19010 KW / 66.8 rpm (90% MCR)

Service Speed not less 12 kn

Stationary Over Stern: Rated Lifting Load 12,000t@54m

Available Radius from shipboard: 25 m

Revolving Rated Lifting Load 7,000t@44m

Lifting Height with Full Load 12,000 t

Above Waterline 120 m

Below Waterline 150 m

Deep Water Operation 3,000 m or more

Relevant Lifting Load 1,500 t – 10,000 t

12000 Ton Full Revolving DP2 Self-propelled Heavy Lift Vessel for Deepwater

(future capability Ultra Deep water J-Lay pipeline)


Length 140 m

Breadth moulded 48 m

Depth at side 15 m

Scantling draught 10.6 m

Operational draught for deepwater 10.0 m

Operational draught for shallow water 1.8 m

Displacement at operational deep draught Approx. 68,900 t

Deadweight at operational deep draught Approx. 56,500 t

Displacement at shallow draught Approx. 16,500 t

Deadweight at shallow draught Approx. 12,800 t

Planned Investments

Length overall 208.0 m Breadth moulded 35.0 m Depth at side 18.2 m Scantling draught 12.0 m Operational draft 10.0 m Speed 14 knots Accommodation 200 persons Power 6 x 7400 kW Main thrusters 2 x 5500 kW Retractable thrusters 4 x 3500 kW Bow thruster 1 x 2500 kW

GSP Venus

self propelled

dynamically

positioned

drillship

GSP Caspian

drilling barge


Length 137.6m, Width 49.4m

3000m2 deck space

1500t Deadweight @ 1.4m draft


19000t Deadweight @

freeboard draft (4m)

Planned Investments

Pipelay

Complex

A fleet of self supporting barges to do complete Pipelay Projects in the Caspian Sea

• Pipelay Complex consist of three standard barges

• Accommodation barge, consist of two standard barges

• Trenching barge, consist of two standard barges

• Pipe supply barge, one short barge (5 off)

Offshore

Support barge

Length 137.6m Width 32.7m

2600m2 deck space

1000t Deadweight @ 1.5m

draft

12000t Deadweight @


Shallow Water Pipe

Supply Barges

Length 99.2m, Width 16m,

Depth 7.2m


4100t Deadweight @ freeboard

draft (4m)

5 barges in the fleet

Trenching

Barge

Length 137.6m Width 32.7m

2600m2 deck space

1000t Deadweight @ 1.5m

draft

12000t Deadweight @


Arthropod 600 The „Arthropod 600‟ is capable of trenching pipelines from 12” to 50” OD at a maximum burial

depth of 3.5 m (bottom of trench).

www.gspoffshore.com

GSP Market

Opportunities


The Black Sea, focal point for the regional oil & gas industry

Constanta will be the “Aberdeen” of the Black Sea oil and gas deep sea exploration

and production operations

Significant planned activity in GSP‟s home market, including:

• The South Stream project alone will result in over 1,800 km ( phase 1) of new pipeline and

significant subsea work;

• Significant projects in The Caspian Sea: Russia (Gazprom, Lukoil, Rosneft etc.), Kazakstan

(KMG, Shell, ENI, Chevron, Lukoil etc.), Turkmenistan (Zarubejneft, Itera, Dragon Oil, RWE,

Petronas etc);

• Offshore pipeline “South Stream” to supply gas flow to Southern Europe is urgently required;

• Sterling Resources EPIC - significant subsea work, including 130km pipeline with two jackets

and topsides;

• Turkish Petroleum TPAO EPIC Project - significant subsea work, underground gas facilities;

• Petrom Project - significant subsea work with 50 km inter-field pipeline, offshore compressor

platform;

• Melrose Galata oilfield development phase 2 in Bulgaria;

• Energean Oil & Gas Greece Kavala fields development, gas underground storage facilities;

• North Africa offshore development, focusing on Tunisia, Libya, Egypt;

• Important prospects for drilling in shallow and deep water in Black Sea / Caspian Sea, Azov

Sea / Mediterranean Sea / North Sea / North Russia / Gulf of Mexico;

• Major P&A / decommissioning market on Southern North Sea;

• Offshore wind park construction and installation on North Europe;

• Increasing of activities on subsea completions, well interventions in all markets;

• Exxon Mobil, Chevron, Petrobras, TPAO and Petrom have expanded their offshore activities to

drill exploration wells on the many leads and prospects indicated by existing seismic studies.

Currently the areas of interest are: Black Sea, Caspian Sea, Offshore Russia, Gulf of Mexico,

North Sea, West Africa, Mediterranean Sea, India and Persian Gulf

Thank you! www.gspoffshore.com

13 March 2012

Documents

GSP Presentation · • Commissioning and Operation • Manpower . 6 Our Business SHIPPING • AHTS, AHT and PSV vessels