Company Profile

POSH TERASEA OFFSHORE PTE LTD

Incorporated on 15 March 2013 in Singapore

a joint-venture company between

SHAREHOLDERS - TERASEA

• Semi-submersible barges andrelated Services

• Transport of heavy lift cargo• Towage

• Jack-up liftboats,• Tugs, barges, LCT• Marine Logistics

Management• Marine Transport• Listed on the Stock Exchange of

Singapore

SHAREHOLDERS - POSH

A leading offshore marine services provider with over 60 years of operating experience and expertise in the offshoreand marine oil field services.

A member of the well-established Kuok Group, POSH was created through the merger of several companies withstrong heritage and solid reputation as pioneers and leaders in their respective fields of operation from as early as1951.

Our core competencies spread across four key business divisions: Offshore Vessel Services, Transportation andInstallation, Offshore Accommodation, Harbour Services and Emergency Response .

POSH operates a young and diverse fleet of over 120 vessels.

Listed on the Stock Exchange of Singapore

SHAREHOLDERS - POSH

T&I(ShallowWater)

PWPLPOSH FleetServices OSV

POSH TeraseaOffshoreOA

- Ocean Towage

- Engineering, procurementand installation services

- FPSO, FPU, FPS towage andmooring installation

- Specialised marinetransportation

- Field support

CorporateServices

- Finance

- Legal

- Insurance

- HumanResources

HSER

- HSEQA

- Crewing

- Technicalsupport

- AHTSand fordrillingsupport

- PSV andDSV

- AHT, tugsand barges

- Utility tugs

- Salvage &oil spillresponseservices

- Divingservices

- Terminal&harbourtugs

- Heavy Liftcranes

- Harbourtugs

- Heavy liftfloatingcranes

Pacific Carriers Limited

Kuok (Singapore) Limited

- Semi-subAccomRig. DP3,720pax

- Accomworkbarges

POSH Semco Pte LtdJoint venture

OUR ORGANIZATION STRUCTURE

Operations &Execution

EuropeRepresentative

Marketing &Commercial

POSH FleetServices

(Ship manager)

President & Director

POSH TERASEA BOARD

POSH CorporateServices

ISM, QA/HSE

OUR SERVICES

• Long Haul Towing / Station Keeping• Transportation & Installation• Positioning & Deck Operations• Float Over Operations• Project Management• Specialized Marine Transportation• Offshore Field Support

OUR EXPERTISE

Largest Asia-based operatorwith AHT fleet

Global reach with proventrack record

Poised to captureopportunities acrossbusiness segments

Longstanding relationshipswith industry players

Strong Shareholders

Highly experiencedmanagement team

Tug Name BHP BP

Terasea Falcon 16,300 205

Terasea Hawk 16,300 203

Terasea Eagle 16,300 DP I 203

Terasea Osprey 16,300 DP I 205

Salviscount 13,500 162

Salvanguard 13,500 158

Salviceroy 12,000 150

Salveritas 12,000 150

Salvigilant 12,000 150

OUR FLEET

OUR COMMITMENTS

We are committed to maximizing commercialbenefits for our clients through applying themost cost effective technology and operations

Total Distance : 9,650 NM

CLOV FPSONovember 20133 tugs Towing from Okpo, Korea to Porto Amboim, Angola.Station keeping in CLOV Field, Offshore Angola.

General Average Speed : 6.5 knots Time: 75 Days

TRANSPORT & INSTALLATION - FPSO

TRANSPORT & INSTALLATION - FPSO

USAN FPSOJune 20113 tugs Towing from Ulsan, Korea to NigeriaStation keeping in USAN Field, Offshore Nigeria

Time: 90 DaysTotal Distance : 10,950 NM General Average Speed : 5.5 knots

TRANSPORT & INSTALLATION - FPSO

HAI YANG SHI YOU 117 FPSOJune 2007 & January 20092 tugs Towing empty hull from Shanghai to Singapore3 tugs Towing complete FPSO from Singapore to Bohai Bay, ChinaStation Keeping in Penglai 19-3 Field, Offshore China

Distance : 2,650 NM General Average Speed : 4.5 Knots Time : 24 days

OUR PROMISE

We are committed to executing ourresponsibilities with discipline, reliability,integrity, humility and consistency of purpose

TRANSPORT & INSTALLATION – FLOATING STRUCTURE

GUMUSUT KAKAP FPSJune 2013

3 tugs on Station keeping in Desaru for FPS commissioning3 tugs Towing from Desaru to Labuan, Malaysia with1 tug in Escort.

4 tugs station keeping in Field for mooring installation.Transportation of mooring chains back to Johor after installation.

TRANSPORT & INSTALLATION - FLOATOVER

SHWETOPSIDESNov 2012

3 tugs Towing loaded launch barge HYSY 229 from Ulsan, Korea to SHWE Field, Offshore Myanmar.All tugs on Floatover assistance at Offshore Myanmar

TRANSPORT & INSTALLATION - FLOATOVER

LAN TAY TOPSIDESJune 2002Giant V loaded and transported the Lan TayTopsides in mating operating offshoreVietnam for Nam Con Son project

UMM SHAIF TOPSIDESMay 2009Floatover operation – HHI Umm ShaifTopsides Project offshore Abu Dhabi.

TRANSPORT & INSTALLATION - FLOATOVER

PA-B TOPSIDESJuly 2007

Transport and installation of PA-B Topsides of 29,000mt from Korea to offshore Sakhalin

LUN-A TOPSIDESJune 2006

Transport and installation of LUN-A Topsides of 28,000mt from Korea to offshore Sakhalin

TRANSPORT & INSTALLATION - GBS

ARKUTUN DAGI GRAVITY BASED STRUCTUREJune 2012

Towage, positioning and installation of the Gravity Based Structure (GBS) in offshore Sakhalin

OUR PEOPLE

Our team is our competitive advantage. We will strive to hireand retain the best people, and to nurture and develop ourpeople to continuously enhance our competencies

OUR PEOPLE

Training onboard

Disconnecting Towline

Rigging up towing gear CLOV FPSO

Towline Connection

TOW & POSITIONING - RIGS

COSL Seeker, Jack Up

April 2014Towing from Singapore to SurabayaPositioning for Rig Jack-Down.

Ben Rinnes, Jack Up

April 2014In field rig move. Etame Field, GabonPositioning for Rig Jack-Down

Gold Star, Semi Sub

November 20092 tugs Towing from Singapore to Rio de Janeiro

TOW & POSITIONING - RIGS

Scarabeo 7, Semi Sub

July 20142 tugs Towing from Cape Town to Balikpapan

TOW & POSITIONING – SEMI SUBMERSIBLE

OOS Gretha, SSCV

December 20131 tug Towing from Yantai, China to Rio de Janeiro, Brazil

TOW & POSITIONING – SEMI SUBMERSIBLE

POSH Xanadu Hull, SSAV

February 20131 tug Towingin Extreme Conditionsfrom Huludao to Zhou Shan, China

OUR PLEDGE

We pledge an unwavering commitment to operationalsafety and integrity, and to protecting the environment

SPECIALIZED MARINE TRANSPORTATION

Tapis-R JacketJuly 2013

Towing from Johor to Offshore TerengganuJacket Launching in Offshore Terengganu

SHWE JacketFebruary 2012

Towing from Shekou to Offshore MyanmarJacket Launching in Offshore Myanmar

SPECIALIZED MARINE TRANSPORTATION

MOQ 5 Offshore Decks

Transport of offshore decks from Singapore to offshore Qatar forSMOE’s MOQ Block 5 Project

Evaporator Unit

Transport of evaporator unit from Korea to UAE

Container Quay Cranes

Transport of container quay cranes for PSA from Korea to Singapore

L’Avenir loaded with 12 barges

Towage of L’Avenir loaded with 12 barges from Shanghai toRotterdam.

OFFSHORE FIELD SUPPORT

Positioning / Station-Keeping /

Heading Control

Deck Management OperationsMooring System installation

OUR TRACK RECORD SPEAKS FOR ITSELF

Project Scope of work Dimensions Year Tugs

CLOV FPSO

Towage Okpo toLuanda. Positioning

for installation ofmoorings and risers

305 x 61 x 32 m 2013

Terasea Falcon,Terasea Hawk,

Salviceroy

Gumusut –Kakap FPS

Transport andpositioning 87 x 87 x 37 m 2013

Salvanguard,Salviscount,Salviceroy,

Terasea Falcon

Arkutun-DagiGBS

Towage fromVostochny to OffshoreSakhalin, Positioning

and Installation

134 x 101.40 x13.4m

2012

Salveritas,Salviceroy,

POSH Constant

Erawan 2 FSO

Towage from Japan toGulf of Thailand,

positioning ofmoorings and risers

262 x 80 x 42 m 2012Salvanguard,

Salvigilant

UsanTowage from Ulsan to

Nigeria, positioningand installation

320 x 61 x 32m 2011Salviscount,Salviceroy,Salvigilant

OUR TRACK RECORD SPEAKS FOR ITSELF

Project Scope of work Dimensions Year Tugs

Hai Yang ShiYou 117

Towage from Singapore toBohai, positioning and

installation323 x 63 x 32.5m 2009

Salviscount,Salviceroy,Salvaliant,

Salvigilant, PoshVantage

PA-B

Transport of PAB 29,000tonnes topsides from Goeje

to Sakhalin. Floatover oftopside onto gravity base

29,600 T 2007Salvanguard,Salviscount,Salveritas,Salviceroy

LUN-A

Transport of LUN-A 26,000tonnes topsides from Goeje

to Sakhalin. Floatover oftopside onto gravity base

28,000 T 2006 Salvanguard,Salviscount

Kizomba BTowage from Ulsan to

Angola, positioning andinstallation

285 x 63 x 21m 2005

Salvanguard,Salviscount,

Salvigour,Salvaliant, Salvana

Kizomba ATowage from Ulsan to

Angola, positioning andinstallation

285 x 63 x 21m 2004Salvanguard,Salviscount,

Salvaliant, Salvigour

OUR KEY CUSTOMERS

POSH Terasea Offshore Pte LtdNo.1 Kim Seng Promenade, #06-01 Great World City, Singapore 237994Tel: +65 6839 6500 Fax: +65 6839 7840E-mail: marketing@poshterasea.com.sg; operations@poshterasea.com.sgwww.poshterasea.com.sg

FOR YOUR TRANSPORTATIONAND INSTALLATION SOLUTIONS