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 forwardlooking 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 forwardlooking statements contained in this presentation.
PRESENTATION AGENDA
INTRODUCTION
EMAS – Who We Are
EOC GROUP PROFILE
EOC – Construction & Production
Construction Activities
FPSO Experience
FINANCIALS &
FORWARD STRATEGY
Year-on-Year Financials
Growth Mechanics
EMAS GROUP SERVICES
Construction
& Production
Engineering
& Fabrication
MARINE
EMAS AMC
BUSINESS SEGMENTS
CONSTRUCTION & PRODUCTION
Construction
 Offshore Transport &
Installation
 Offshore Heavy Lift
Operations
 Jacket Launching
Operations
 Heavylift & Pipelaying
Production
 Floating Production
Storage &
Offloading Systems
 Provision of Turret
& Mooring Systems
AREAS OF OPERATIONS
INDIA
QATAR
AUSTRALIA
EOCL ASSETS
Description
No of Vessels
Accommodation Crane Barge
2
Derrick Accommodation Pipelay Vessel
1
FPSO
2
GROUP STRUCTURE
Lewek Conqueror
(BVI) Ltd
Lewek Chancellor
Shipping Pte Ltd
 Accommodation
Construction
Barge
 Delivered 2004
• Accommodation
Construction Barge
• Delivered Mar
2007
Lewek Eversure
Shipping Pte
Ltd
Lewek
Evershine
Shipping Pte
Ltd
Lewek Champion
Shipping Pte Ltd
• Accommodation
Construction
Pipelay Barge
• Delivered Aug
2007
Emas Offshore
Production Services
(Vietnam) Pte Ltd
• FPSO
• Expected
Delivery Mid2011
Emas Offshore
Construction and
Production Pte Ltd
 Contract/Comme
rcial Mgmt
 Operations and
Execution
Lewek Emerald
Shipping Pte Ltd
• FPSO
• Delivered Dec
2008
CONSTRUCTION ACTIVITIES
Piling
Riser Stalk-on in DP
Jacket and Topside
Installation
Pipelay
LEWEK CHAMPION
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
Vessel Specifications
Accommodation
Overall length
Breadth
Deck strength
Thrusters
Crane
Helipad
358 - 500
142m
40m
17t / sq.m
6 x 2400 kw
Heavy Lift - 800t @
30m radius
Suitable for Sikorsky
S92
ACCOMMODATION BARGES
• 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
Lewek Conqueror
Lewek Chancellor
308 men
100m
30.48m
7.29m
4.6m
250T @ 30m radius
290 men
91.44m
27.43m
6.71m
4.5m
220T
Helipad
22.2m x 27.5m
15.24m x 15.24 m
Mooring
system
8 point
8 point
Flag
Panama
Class
ABS
Accommodation
Overall length
Beam
Depth
Draft
Crane
Commonwealth of
Dominica
Lloyd's Register of
Shipping
PRODUCTION
Assets
 Floating Production
Storage & Offloading
(FPSO) and FSO
Services
 Operations and
Maintenance of FPSO and
FSO
 EPC mooring systems – in
collaboration with LMC
FPSO LEWEK ARUNOTHAI
Overall length, m
263.7
Breadth, m
40.8
Depth moulded, m
22.2
Gross Tonnage, tons
Dwt (tropical)
Lightweight, tons
Storage
63,101
127,540
18,661
725,000 bbl
Export Gas
175 MMSCFD @
2000 psig, 50oC
Condensate
6500 bbl / day
FPSO LEWEK EMAS
Overall length, m
290.4
Breadth, m
50.6
Depth moulded, m
23.8
Gross Tonnage, tons
Dwt, tons
94,647
188,101
Lightweight, tons
29,457
Oil Production, bpd
50,000
Water Injection, bpd
60,000
Export Gas
45 MMSCFD @ 190 bar,
50oC
CONTRACT COVERAGE
Till Mar 2014
Lewek Conqueror
Brunei
Till Dec 2011
Lewek Chancellor
India
Firm
Negotiation
Congo
Mal/Thai
Till Feb 2012
Lewek Champion
Thai
Thailand
Mal
PNG
Till Oct 2012
Lewek Arunothai
Thailand
Till July 2017
Chim Sao FPSO
Vietnam
Dec
2009
Jun
2010
Dec
2010
Jun
2011
Dec
2011
Jun
2012
Dec
2012
FORWARD STRATEGY
Current and Future FPSO
13
1
6
1
2
1
1
1
37
24
38
11
New Focus - Africa
17
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
$120,000
$100,000
$80,000
$60,000
$40,000
$20,000
$0
Revenue US$'000
EBITDA
PAT US$'000
FY2007
FY2008
FY2009
FY2010
$32,007
$17,947
$11,352
$109,996
$42,653
$25,289
$71,655
$34,230
$21,122
$113,333
$53,430
$20,753
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)
Description
2008
2009
2010
LTI
0
0
0
LTI Frequency Rate
0
0
0
Total Recordable Injuries
(TRIs)
5
5
2
4.0
2.2
3
Total Recordable Injury
Frequency Rate (TRIFR)

Executive Management commitment
to HSEQ

Achieved goal of 0 LTI.

Emas Offshore’s Quality System
is certified to ISO9001:2008 by Lloyds
Register.
MARINE
• 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
SUBSEA SERVICES
Heavy Lift DP3 Well Intervention
Subsea Construction Vessel
SURF Installation
2 MFSVs
IMR Services
Heavy Lift DP3 Well Intervention
Subsea Construction Vessel II
Well Intervention
Decommissioning
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
SURF
■ 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)
FLOATERS
■ Jubilee FPSO Transport and
Installation (W. Africa)
■ Skarv FPSO Transport and
Installation (North Sea)
■ Gjøa Semi Marine Installation
(North Sea)
■ Thunderhawk (GoM)
REMOVAL
FLOATOVER
■ Frigg Cessation (North Sea)
■ Angel (SE Asia)
■ Ardmore SAL Mooring Removal
■ Bayu-Undan (SE Asia)
(North Sea)
■ Maureen Refloat (North Sea)
■ Downed Platform (GoM)
●
●
Chevron
Noble Energy
■ 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)
■ Popeye (GoM)
■ Tamar (Mediterranean)
Aker Marine Contractors, Slide 28
■ Kristin (North Sea)
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 Turret
Biggest turret designed by LMC
EMAS – CORPORATE MILESTONES
2010/11
Acquisition of Aker Marine Contractors
2009
Established HQ in Houston for
Americas Subsea and Well
Intervention activities
2007
Listing of EOC on Oslo Stock
Exchange
2005
Acquired Saigon Fabrication Shipyard
2003
Singapore IPO
1992
Incorporation of EMAS Offshore