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Capital Market Day
October 19th 2007
Radisson SAS Hotel Norge
COO Eirik Tørressen
DOF Subsea Norway AS
Table of Contents
1. Status DOF Subsea Norway
2. Complexity of Ongoing Projects
3. New Markets Great Prospects
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DOF Subsea ASA Vision
"DOF Subsea shall be the preferred survey, construction support and IMR contractor in Norway, the Mediterranean, the Baltic, Russia, the Americas, West Africa, the UK, Canada and the Far East."
DOF Subsea Group Organisational Structure
DOF Subsea UK
CSL
AKOFS (25%)
Century USCentury
CAN
Dof subsea Norway AS
Shipowning Companies
Century UK
DOF Subsea Australia
DOF Subsea Angola
RESCOM - DOF (50%)
DOF Subsea ASA
DOF Subsea Singapore
DOF Subsea Asia/Pacific
DOF Subsea Brasil
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DOF Subsea Norway Organisation Chart
ENGINEERING DEPARTMENT
DOF Subsea Norway Status
Established in 1979. Main office in Bergen, Norway.
Norway s leading survey, IMR and construction support company with more than 28 years ofexperience
1st of September 2007 Geoconsult AS changed its name to DOF Subsea Norway AS
Exceptional HSE statistics with no serious accident records
ISO 9001:2000 and ISO 14001:2004 Certified
Dedicated personnel and know-how needed to perform the most complex tasks within our core activities
State-of-the-art technology throughout the company
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Vessels Operated by DOF Subsea Norway
GEOBAY
SKANDI BERGEN GEOGRAPH
GEOSUNDGEOFJORD
Equipment
There is a general shortage of state-of-the-art vessels and equipment in the industry
DOF Subsea Norway s major competitive advantages:
DOF Subsea has foreseen this challenge and has ensured contracts with oursuppliers of vessels and equipment
Planning on purchasing 10 new ROVs and 10 new handling systems for delivery between 2008-2010
The ROV systems are to be installed onboard newbuild DOF Subsea vessels
ROVs with capacity down to 4,000 meters depth and mapping systems withcapacity down to full ocean depth of 12,000 meters
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Personnel
The business overall has experienced a shortage of skilled and educated personnel
DOF Subsea Norway s major competitive advantages:
Opportunity to train personnel onboard own vessels. In addition, DOF Subsea has invested in severalsimulators for training of offshore personnel
Currently DOF Subsea Norway has more than 200 permanent and highly skilled employees including:SurveyorsROV SpecialistsGeologistsGeophysicistData ProcessorsInstrument TechniciansCarthographersProject ManagersProject EngineersAdminstration and Support staff
80 of these are offshore ROV personnel and are 80 offshore survey personnel
DOF Subsea Norway has secured freelance personnel through strong relationships with our suppliers
DOF Subsea Norway will experience continous growth over the next years, and will continue to employ and train experienced personnel
Survey Services
DOF Subsea Norway s highly knowledgeablestaff are proficient in planning, execution and delivery of detailed mapping operations, from nearshore to full ocean depth.
With our 28 years of experience, utilising the verylatest industy technology availible, DOF SubseaNorway is the correct choise for seabed mappingprojects.
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Construction Support
With our modern asset base of vessels and ROVs, DOF Subsea Norway undertakes complex and innovative construction activities in both shallow and deep water
Typical work tasks:
Flowlines and umbilicals installationInstallation of subsea structures
ROV tie-in of pipelines and flowlines
Lay SupportWater jetting, burial and trenching
Commissioning support
Subsea Salvage
IMR
With our work class ROVs we are capable of conducting inspection and support down to 4000m water depth.
The most advanced multibeam echo sounders available and 3 state-of-the-art cameras mounted on the ROV to collect and record the best possible data
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Table of Contents
1. Status DOF Subsea Norway
2. Complexity of Ongoing Projects
3. New Markets Great Prospects
Current Long Term Major Contracts
Norsk Hydro Frame Agreement 4 yearsTechnip Frame Agreement 3 yearsStatoil Frame Agreement 3 years (2x3 years option)Subsea7- Frame Agreement 6 years
DTM of pipeline crossing Install. of FRAMO pumpPipeline Inspection Survey
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Survey Project - Statoil Langeled
Scope of WorkUnder the three-year Frame Agreement DOF Subsea Norway will perform survey and constuction support workLangeled As-Built inspection is done to find the exact position of the pipe and to identify possible hazard to the pipe
At the moment DOF Subsea is performing the As-built inspection work on the Langeled route from Sleipner to Easington (approx. 550km)
Statoil Langeled Project Personnel
DOF Subsea Manning
1 Offshore Manager
Survey Map Crew2 Senior Surveyors2 Surveyors4 Data Processors3 Geogogists / Video eventors2 Quality Controllers2 Service Technicians
ROV2 ROV Supervisors4 ROV Pilots/ Technicians
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Pipeline Inspection Production Line
Tide correctionsQC all sensorsEdit all sensorsMBE data cleaningNavigation processingInitial QC
Visual Editing
Production line (offline)
Production line (Geo/Eventing)
Final Productsto client
Offline to Geo/Eventing
Geo/Eventingto Offline
Sensor Data
Onlinelogging
Digital / Video MBE/
Pipe-trackerand ancillarysensors
Independent QC of data andData integrety (offline Geo/Eventing)
Visual Review(Editing) /
Production line QC, Data
Survey report, charts, eventsStatus logs, delivery logs....
Production line QC, Reporting
Video Data
Correlate MBE dataAnd
Video data
Export events to chartand report
Productionline Survey
ROV
Statoil LangeledComplexity of Work
For documentation of the workpreformed, the ROV is installed witha number of sensors:
Digital cameras
Depth sensors
Fiberoptic gyro TSS pipetracker
7125 multibeam sensor
Side scan sonar Subbottom profile
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Statoil Langeled Wreck Search
ROV MBE image of BowSSS Image of wreck
Construction project Subsea 7
Scope of workSkandi Bergen is on contract for Subsea 7. The ongoing scope is replacement of a spool piece and a manifold on a template.The 2 ROVs is providing project support with the of various tools installed on the vehicles.Tools for connecting/disconnecting pipes (FMC Tie in Tool) are deployed in the vessel moon pool, with a Tower system. The operation is assisted by the ROVs.Dredging equipment is deployed over shipside and assisted with the ROVs
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Subsea 7 ProjectComplexity of Work
Equipment operated by DOF Subsea Norway:Hydraulic Grinders
Wire cutters High pressure jetter
Flushing tools
Dredging equipment
Dye detector cameras Pressure test equipment
Diamond chain cutting saw
For pre- and as-installed surveys, one of the ROVs will be fitted with survey equipment
Construction Project Subsea 7Organisation
DOF Subsea Manning
1 Offshore Manager
12 ROV personnel4 ROV Supervisors
8 ROV Pilots / Technicians
2 Surveyors
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Table of Contents
1. Status DOF Subsea Norway
2. Complexity of Ongoing Projects
3. New Markets Great Prospects
New Market for DOF Subsea with great prospects
Mooring Installations
Market:Floating production platformsFPSO (Floating Production Storage and Offloading)Loading BuoysPrelaying of mooring systems for drilling rigs
We will be preferred partner based on:DOF Subsea holds a large and modern constructionvessel fleet with equipment and personnelDOF holds its own anchor-handling vessel fleetSEMAR provides the enigeering and has long and solid operative experience with mooring installationsWe can provide the full service package to ourcustomers as well as the best equimpent and know-how
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New Market for DOF Subseawith great prospects
Mooring Installations
Phases:
Engineering / procurement
Mobilsation
Installation of mooring systemTow-out and hook-up
Total value of a mooring installation contract estimatedat NOK 150 - 300 mill
Currently bidding on 3 major contracts in the North Sea
New Market for DOF Subsea with great prospects
Continental Shelf Mapping
Market65 states world wide has theopportunity to apply for expansion ofmaritime borders of more than 200 nautical miles
ScopeSurvey of seabed typography and sediment thickness on water dephts ofmore than 2500 meters
We will be a preffered partner based onTailor-made vessel with hullmountedechosounder to full ocean depth (1100 meters)State-of-the-art technologySkills and resources
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New Market for DOF Subseawith great prospects
Phases:
Desktop study
Survey / mapping
Interpetration and reporting
Bidding on several major contracts
Geograph is specially made for mapping of seabed in deep water depths
Strategy and growth
DOF Subsea Norway RegionNorwegian and UK Continental Shelf, West Africa, Mediterranean, Russia and the Baltic Sea
Focused Product OfferingSubsea construction support with focus on deep water projectsDeep water high-resolution seabed survey and interpretationMooring Installation ServicesHigh technology that benefits both customer and company
Continued Growth with New / Modern Fleet and Equipment
Establish International AlliancesNewly established Russian office to penetrate the Baltic Sea and theBarents Sea market
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Summary
New markets opens new possibilities and a strong future presence for DOF Subsea Norway
Own vessels and equipment
Stable and strong growth
Strong owners
Sufficient capacity and flexibility to meet the demands of large projects
Stable and dedicated work force
The best equipment in the industry
