Presentation on theme: "Floatel International MARCH 2012"— Presentation transcript:
1Floatel International MARCH 2012 The next generation floatels for world wide operationsMARCH 2012
2Floatel International Ltd – Fleet Keppel Fels Shipyard, Singapore - January 2010
3Floatel International Floatel International was established in late 2006.The vision of the Company is to provide new semi submersible accommodation vessels (floatels) to the market and to offer professional floatel services to the oil and gas industry.Floatel International is a private company and owned by an international group of investors. The company was listed on Oslo Stock Exchange between December 2010 and September No immediate plans exist to re-list the company.Floatel International group of companies owns and operates two semisubmersible accommodation vessels and have one vessel under construction at Keppel FELS Shipyard, Singapore due for delivery first quarter 2014.Floatel Superior – delivered 18 March 2010, a DP 3 semi submersible accommodation vessel specially designed for operations in harsh environment such as the North Sea, including Norwegian sector.Floatel Reliance - delivered 29 October 2010, a DP 2 semi submersible accommodation vessel designed for medium harsh environment.Floatel Victory – due for delivery Feb 2014, a DP 3 semi submersible vessel designed for UK sector of the North Sea as well as Gulf of Mexico, Brazil, West Africa and Western Australia.
4Floatel International HSE and Operating PerformanceHSECompany:Floatel International, including vessels, is now certified to ISO 9001, ISO 14001, OHSAS 18001, ISM and ISPS.Fleet StatisticsDays since Last LTI - Floatel Superior: 699 daysDays since Last LTI - Floatel Reliance: 232 daysLost Time Injury Frequency: (No of LTI’s per million man-hours worked)Injury Frequency: (No of Injuries per million man-hours worked)Man-hours worked: 661,364Operating performance (2011):Floatel Superior - Operational uptime: 99,7%Floatel Reliance - Operational uptime: 96%
5Floatel International Ltd - Corporate Structure (Parent Company)BermudaFloatel Superior Ltd(Vessel Owner)BermudaFloatel Reliance Ltd(Vessel Owner)BermudaFloatel Victory Ltd(Vessel Owner)BermudaFloatel International AB(Marine Manager)Gothenburg, SwedenFloatel Superior BV(Contractor)The NetherlandsFloatel Reliance BV(Contractor)The NetherlandsFloatel Victory BV(Contractor)The NetherlandsService AgreementsReliance Servicos MaritimosDo Brasil LtdaBrazilTo be formed
6Board of Directors Michael Chia Chairman Jonathan B. Fairbanks Mr. Chia is the Managing Director Keppel Offshore Marine Ltd and Deputy Chairman Keppel Integrated Engineering Ltd. He started his career in Keppel FELS in 1980 and has held several appointments in Yard Management, Corporate Planning, Marketing and Commercial and General Manager Operations. Mr Chia holds a B Sc in Naval Architecture and Marine Engineering, University of Newcastle-Upon-Tyne. He is a Singapore citizen and resides in Singapore.Jonathan B. FairbanksDeputy ChairmanMr. Fairbanks is Managing Partner of Global Energy Capital. He is a board member of Vortex Ventures, ODS-Petrodata. He was previously president of Bassøe Offshore (USA) Inc, as well as board member of Forum Oilfield Technologies, Chiles Offshore, Hercules Offshore, Scorpion Offshore and Seajacks International. He is a US citizen and resides in Houston, USAJim FordDirectorMr. Ford is a Managing Director of Oaktree Capital Management, L.P. and Co-Portfolio Manager of Oaktree’s Global Principal Strategy. Before joining Oaktree in 1996, Mr. Ford was a consultant with McKinsey & Co. and a financial analyst in the Investment Banking Department of PaineWebber Inc. Mr. Ford holds a BA in Economics from the University of California and an MBA from the Stanford University Graduate School of Business.Ching Chuan LaiMr Lai is the Senior General Manager of Corporate Development for Keppel Offshore & Marine Ltd. He is responsible for business development activities within the KOM group worldwide. Mr Lai holds a B Sc in Naval Architecture & Shipbuilding from the University of Newcastle-upon-Tyne, UK and a MBA from the National University of Singapore. He is a Singapore citizen and resides in Singapore.Edmund MahMr Mah is General Manager (Finance) of Keppel Offshore & Marine Ltd. He is responsible for the financial and management reporting, budgeting profit and cashflow monitoring for the Keppel Offshore & Marine Group. Mr Mah holds a Bachelor of Economics and Business Administration (MBA). He is a Singapore citizen and resides in Singapore.Adam PierceMr. Pierce is a Senior Vice President at Oaktree Capital Management, L.P. Prior to joining Oaktree in 2003, Mr. Pierce served as a Financial Analyst in the Investment Bank at JP Morgan Chase & Co., gaining experience on a range of advisory and financing assignments. Prior thereto, he worked for Goldman, Sachs & Co. Mr. Pierce holds a BA degree in Economics with a focus on Business Administration from Vanderbilt University.Amy RiceMs. Rice is a Vice President within Oaktree’s Global Principal Strategy. Since joining Oaktree in 2009, she has been integral in leading the Group’s efforts in the healthcare and shipping sectors. Ms. Rice holds an AB degree in Biology magna cum laude with highest honors from Harvard College and an MBA from the Wharton School at the University of Pennsylvania. She is a US Citizen and resides in Los Angeles, USA.
7Floatel International AB – Line Organization CEOP. JacobssonQAP. DarlandCOON. MårtenssonMarketing ManagerP. JacobssonCFOP. SølvbergTechnical ManagerC. BensonHSEQ ManagerP. DarlandHR ManagerM. VikmanFleet ManagerO. WahlFinance ManagerJ. BengtssonLegal CounselS. Båth7
10Floatel Superior – Key features Harsh Environment unit for ww operations,512 bed accommodation, 440 cabins40-50 office work stationsApproved free fall life boats and emergency shutesWorkshop facilities for construction supportDeck area m2Payload metric tonnesOffshore crane supportTelescopic gangway 38m, +/- 8mPositioning systems:DP 3 positioning system8 point mooring (8x2000m, 3” wire, MBL 490 MT)POSMOOR V ATA
12Floatel Reliance – Key features Medium Harsh Environment unit500 bed accommodation capacity40-50 office work stations for Company exclusive use200% life saving capacityWorkshop facilities for construction supportDeck area 1 300m2Payload metric tonnesOffshore crane support, main crane 120 MT lifting capacityTelescopic gangway 36m, +/- 6m telescopic actionDP 2 positioning systems
13Floatel Victory Contract effective as of 10 June 2011 Turn Key Contract for Floatel Victory placed with Keppel FELS on JuneDesigned for world wide operations and will be delivered compliant to HSE UK rules and regulations.Incremental construction cost for harsh environment justified by larger market opportunity including North Sea region.Floatel Victory is scheduled for delivery February 2014, with option for delivery QFavourable Lump-sum contract payment termsBonus/penalty scheme in place for delivery and pay load.
14Floatel Victory – Key features Designed for harsh environmentDP 3 positioning systems10 point chain mooring system500 bed accommodation capacity40 office work stations for Client use200% life saving capacityWorkshop facilities for construction supportDeck area 1 300m2Payload metric tonnesOffshore crane support, main crane 120 MT lifting capacity able to reach adjacent installationTelescopic gangway 38m, +/- 7,5m telescopic action
15Floatel International Ltd and Floatel International AB Johannefredsgatan 4Molndal, SwedenTel: +46 (31)Fax: +46 (31)www. floatel.seFloatel Reliance, Campos Basin