EOC LIMITED CORPORATE PRESENTATION

MARCH 2011

DISCLAIMER

This material includes forward-looking statements prepared by EOC Limited (“Company”). The opinions, forecasts, projections or other statements other than statements of historical fact, including, without limitation, estimates of proved reserves of oil and gas, reserves potential and plans and objectives of management of the Company for financing, are forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. All forward looking-statements contained in this presentation are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Each forward looking statement speaks only as of the date of this presentation. Neither the Company nor any of its subsidiaries and associates undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this presentation.

PRESENTATION AGENDA

EOC GROUP PROFILE

INTRODUCTION

FINANCIALS &

FORWARD STRATEGY

EOC – Construction & Production

Construction Activities

FPSO Experience

EMAS – Who We Are

Year-on-Year Financials

Growth Mechanics

Engineering

& Fabrication EMAS AMC

MARINEConstruction

& Production

EMAS GROUP SERVICES

BUSINESS SEGMENTS CONSTRUCTION & PRODUCTION

Floating Production Storage & Offloading Systems

Provision of Turret & Mooring Systems

Production

Construction Offshore Transport & Installation

Offshore Heavy Lift Operations

Jacket Launching Operations

Heavylift & Pipelaying

AREAS OF OPERATIONS

INDIA

QATAR

AUSTRALIA

Description No of Vessels

Accommodation Crane Barge 2

Derrick Accommodation Pipelay Vessel 1

FPSO 2

EOCL ASSETS

Lewek Conqueror (BVI) Ltd

Accommodation Construction Barge

Delivered 2004

Lewek Chancellor Shipping Pte Ltd

• Accommodation Construction Barge• Delivered Mar 2007

Lewek Champion Shipping Pte Ltd

• Accommodation Construction Pipelay Barge

• Delivered Aug 2007

Lewek Emerald Shipping Pte Ltd

• FPSO• Delivered Dec

2008

Emas Offshore Construction and

Production Pte Ltd Contract/

Commercial Mgmt

Operations and Execution

Lewek EversureShipping Pte

Ltd

Lewek Evershine

Shipping Pte Ltd

Emas Offshore Production Services (Vietnam) Pte Ltd

• FPSO• Expected

Delivery Mid-2011

GROUP STRUCTURE

CONSTRUCTION ACTIVITIES

Riser Stalk-on in DP

Piling

Jacket and Topside Installation

Pipelay

LEWEK CHAMPION

Vessel Specifications

Accommodation 358 - 500

Overall length 142m

Breadth 40m

Deck strength 17t / sq.m

Thrusters 6 x 2400 kw

CraneHeavy Lift - 800t @

30m radius

HelipadSuitable for Sikorsky

S92

DP2 Pipelay & Heavy Lift Construction Vessel

• S-Lay pipe-laying capabilities

• 3 double-joint, 6 single-joint welding stations

• 2 x 100 tonnes tensioners

• 6” – 60” Outer diameter pipeline

• 800 - 1500m water depth operation

• Built 2007

  Lewek Conqueror Lewek ChancellorAccommodation 308 men 290 menOverall length 100m 91.44mBeam 30.48m 27.43mDepth 7.29m 6.71mDraft 4.6m 4.5mCrane 250T @ 30m radius 220T

Helipad 22.2m x 27.5m 15.24m x 15.24 m

Mooring system

8 point 8 point

Flag Panama Commonwealth of

Dominica

Class ABSLloyd's Register of

Shipping

• Large accommodation capacity

• Lifting capability for offshore construction and maintenance of oil and gas platforms

• Built for Construction and Work over

• 8 Point Anchor-mooring system

ACCOMMODATION BARGES

Floating Production Storage & Offloading (FPSO) and FSO

Operations and Maintenance of FPSO and FSO

EPC mooring systems – in collaboration with LMC

Services

Assets

PRODUCTION

Overall length, m 263.7

Breadth, m 40.8

Depth moulded, m 22.2

Gross Tonnage, tons 63,101

Dwt (tropical) 127,540

Lightweight, tons 18,661

Storage 725,000 bbl

Export Gas 175 MMSCFD @ 2000 psig, 50oC

Condensate 6500 bbl / day

FPSO LEWEK ARUNOTHAI

Overall length, m 290.4

Breadth, m 50.6

Depth moulded, m 23.8

Gross Tonnage, tons 94,647

Dwt, tons 188,101

Lightweight, tons 29,457

Oil Production, bpd 50,000

Water Injection, bpd 60,000

Export Gas 45 MMSCFD @ 190 bar, 50oC

FPSO LEWEK EMAS

Chim Sao FPSO

Lewek Arunothai

Lewek Champion

Lewek Chancellor

Lewek Conqueror

CONTRACT COVERAGE

Till July 2017

Till Oct 2012

Till Mar 2014

Dec2009

Jun2010

Dec2010

Jun2011

Dec2011

Jun2012

Dec2012

Till Dec 2011

Till Feb 2012

Brunei

Thailand

Vietnam

Thai

Mal/Thai

Mal

India Congo

Thailand

FirmNegotiation

PNG

FORWARD STRATEGY

17

1138

24

6

131

1

1

2

37

11

Current and Future FPSO

New Focus - Africa

FORWARD GROWTH STRATEGY

• Expand Geographic Spread – Africa

• Extend presence in Asia.

• Build O&M service offering for FPSO

• Leverage on EMAS group capabilities for integrated services

• EPC mooring systems - LMC

• Construction – AMC

• Fabrication

• Acquire technology company

• Strategic alliances/M&A activity

FINANCIAL TRACK RECORD

FINANCIAL HIGHLIGHTS

FY2007 FY2008 FY2009 FY2010

Revenue US$'000 32007 109996 71655 113333

EBITDA 17947 42653 34230 53430

PAT US$'000 11352 25289 21122 20753

$10,000

$30,000

$50,000

$70,000

$90,000

$110,000

Need Clarifications?

For further information, please contact:

Email investor_relations@emasoffshore-cnp.com+65 6590 8028

www.emasoffshore-cnp.com

THANK YOU

APPENDIX

HEALTH, SAFETY, ENVIRONMENT & QUALITY (HSEQ)

Executive Management commitmentto HSEQ

Achieved goal of 0 LTI.

Emas Offshore’s Quality Systemis certified to ISO9001:2008 by Lloyds Register.

Description 2008 2009 2010

LTI 0 0 0

LTI Frequency Rate 0 0 0

Total Recordable Injuries (TRIs)

5 5 2

Total Recordable Injury Frequency Rate (TRIFR)

4.0 2.2 3

• Anchor Handling Towing/ Supply

• Bulk & Deck Cargo Transportation

• Crew & Supply Transportation

• Fire Fighting Standby & Rescue

• Remotely Operated Vehicle Support

• Deep Sea Diving Support

• FPSO/FSO Towing, Installation of Moorings

• FPSO Mobilisation/ Decommissioning

MARINE

SURF Installation IMR Services DecommissioningWell Intervention

2 MFSVsHeavy Lift DP3 Well Intervention Subsea Construction Vessel

Heavy Lift DP3 Well Intervention Subsea Construction Vessel II

SUBSEA SERVICES

AKER MARINE CONTRACTORS

• ENGINEERING– Naval Architecture– Hydrodynamic Analysis– Structural Analysis & Engineering– SURF Analysis & Engineering

(SURF – Subsea, Umbilicals, Risers and Flowlines)

• OPERATIONS– Client interface– Engineering interface– Logistics– Procedure development– Procurement– Project Execution– Support for Vessel Superintendents

• ASSIST WITH TENDERING – early engineering including feasibility checks

Aker Marine Contractors, Slide 28

FLOATERS FLOATOVERREMOVALSURF

■ Jubilee FPSO Transport and Installation (W. Africa)

■ Skarv FPSO Transport and Installation (North Sea)

■ Gjøa Semi Marine Installation (North Sea)

■ Thunderhawk (GoM)■ Adriatic LNG (GBS) (Adriatic

Sea)■ Blind Faith T&I (GoM)■ Chestnut (North Sea)■ KuMaZa Mooring and Riser

Installation (PEMEX)■ Sakhalin (Russia)■ BAOBAB FPSO Mooring and

Installation (W. Africa)■ Kristin Semi (North Sea)

■ Shenzi (GoM)■ Blind Faith Subsea (GoM)■ Na Kika (GoM)■ King (GoM)■ Oudna Field Dev. (Tunisia)■ Oseberg Delta Structures (North

Sea)■ Langeled SSVS & Risers (North

Sea)■ Chinguetti Host Installation

(Mauritania)■ Norne Satellite (North Sea)■ Snøhvit Structures (North Sea)■ Thunder Horse (GoM)■ Macando (GoM)■ Gladden (GoM)■ Popeye (GoM)■ Tamar (Mediterranean)

■ Angel (SE Asia)■ Bayu-Undan (SE Asia)■ Kristin (North Sea)

■ Frigg Cessation (North Sea)■ Ardmore SAL Mooring Removal

(North Sea)■ Maureen Refloat (North Sea)■ Downed Platform (GoM)

● Chevron● Noble Energy

AKER MARINE CONTRACTORS

ENGINEERING & FABRICATION

• Access to engineering design expertise located in London.• Two fabrication facilities in Vietnam providing design and

provision of mooring systems for FPSOs and FSOs.

Industry’s first-ever converted FSRU TurretBiggest turret designed by LMC

Acquisition of Aker Marine Contractors

Established HQ in Houston for Americas Subsea and Well

Intervention activities

Listing of EOC on Oslo Stock Exchange

Acquired Saigon Fabrication Shipyard

Singapore IPO

Incorporation of EMAS Offshore

2009

2007

2005

2003

1992

2010/11

EMAS – CORPORATE MILESTONES