1. DOLPHIN OFFSHORE ENTERPRISES (India) LIMITED 30 Years of Integrated Services to the Oil & Gas industry

2. “Dolphin Offshore Enterprises (India) Ltd will become a global provider of integrated services to the oil & gas industry, with a diversified portfolio for undertaking turnkey projects involving Underwater, Marine & Offshore Construction. We will harness our knowledge and energy to provide world class quality, safety and environmental standards. We will constantly upgrade procedures, skills, systems and technology to create greater value for our clients, employees, suppliers & shareholders.” “Dolphin Offshore Enterprises (India) Ltd will become a global provider of integrated services to the oil & gas industry, with a diversified portfolio for undertaking turnkey projects involving Underwater, Marine & Offshore Construction. We will harness our knowledge and energy to provide world class quality, safety and environmental standards. We will constantly upgrade procedures, skills, systems and technology to create greater value for our clients, employees, suppliers & shareholders.” OUR VISION

3. Coffer Dam Repairs, first time in India Involved creating a dry environment under water Repair of Legs of JUR Sagar Jyoti Repair to mudmat – GA II -Aban Loyd SOME PIONEERING CONTRACTS

4. FROM ITS INCEPTION IN 1979, DOLPHIN OFSHORE HAS BEEN AT THE CUTTING EDGE IN THE UNDERWATER DIVING BUSINESS TODAY DOLPHIN OFFSHORE HAS CONSOLIDATED ITS POSITION AS THE ONLY APPROVED INDIAN DIVING COMPANY WITH ONGC. THIS TAKES US TO THE NEXT LOGICAL STEP THAT IS DEEPWATER INTERVENTION – i.e. PROVIDING DYNAMICALLY POSITIONED VESSELS, UNDERWATER ENGINEERING, REMOTE OPERATED VEHICLES NEW OPPORTUNITIES IN THE OFFSHORE SECTOR

5. ….. contd EARLIER DOLPHIN USED TO BE A CONTRACTOR FOR “ABOVE WATER WORKS” DOING FABRICATION AND INSTALLATION WORKS FOR OTHER MAIN CONTRACTORS OVER THE YEARS, DOLPHIN HAS EXPANDED ITS RANGE OF SERVICES TO INCLUDE UNDERWATER, ON THE WATER AND ABOVE WATER FOR THE OIL & GAS INDUSTRY TODAY DOLPHIN OFFSHORE HAS CONSOLIDATED ITS POSITION AS AN APPROVED EPC CONTRACTOR WITH M/S ONGCL. RECENTLY DOLPHIN COMPLETED 2 EPC CONTRACTS AS A CONSORTIUM PARTNER. SUBSEQUENTLY AWARDED AND CURRENTLY EXECUTING 2 EPC CONTRACTS INDEPENDENTLY NEW OPPORTUNITIES IN THE OFFSHORE SECTOR

6. DIVING & UNDERWATER SERVICES DOLPHIN OWNS AND OPERATES BOTH MODULAR AND INSITU DIVE SYSTEMS WORKING OFF CONTRUCTION BARGES AND DYNAMICALLY POSITIONED DIVE SUPPORT VESSEL AIR DIVINGAIR DIVING MIXED GAS DIVINGMIXED GAS DIVING SATURATION DIVINGSATURATION DIVING REMOTE OPERATED VEHICLESREMOTE OPERATED VEHICLES DOLPHIN UNDERTAKES VARIOUS UNDERWATER CONTRACTS FOR THE OIL & GAS SECTOR BOTH IN INDIAN WATERS AND ALSO INTERNATIONALLY

7. DOLPHIN OFFSHORE NOW QUALIFIED AS AN EPC CONTRACTOR WITH ONGCDOLPHIN OFFSHORE NOW QUALIFIED AS AN EPC CONTRACTOR WITH ONGC DOLPHI N HAS BEEN AWARDED TWO INDEPENDENT EPC CONTRACTS – NQD REVAMP @ US $ 38 MILLION & ICP REVAMP @ US $ 27 MILLIONDOLPHI N HAS BEEN AWARDED TWO INDEPENDENT EPC CONTRACTS – NQD REVAMP @ US $ 38 MILLION & ICP REVAMP @ US $ 27 MILLION TURNKEY EPC CONTRACTS DOLPHIN EXECUTED TWO EPC CONTRACTS AS A CONSORTIUM PARTNER ONE WITH L&T AND THE SECOND WITH NAFTOGAZ INDIA

8. Revamp of process complexes & wellhead platforms Installation of structures, Piping & equipments on platforms Electrical & Instrumentation work Hook – up and pre- commissioning of new platforms TOPSIDE WORK - OFFSHORE

9. Dolphin Offshore has 6 workshops in Mumbai & Navi Mumbai TOPSIDE – ONSHORE FABRICATION FABRICATION OF HEAVY DUTY STRUCTURES SUCH AS PLEMS, SSIs, RISER PROTECTORS, BOAT LANDINGS, DECKS ETC NEXT LOGICAL STEP: FABRICATION OF JACKETS, DECKS, PLATFORMS, SUBSEA COMPLETIONS FOR DEEPWATER DEVELOPMENTS THEREFORE JAFRABAD YARD

10. PROPOSAL FOR DEVELOPMENT OF OFFSHORE FABRICATION YARD/ SHIP BUILDING / SHIP REPAIR YARD AT JAFRABAD JAFRABAD SHIPYARD PROJECT TO DEVELOP THE FOLLOWING FACILITIES: (A)SHIP BUILDING (B)OFFSHORESTRUCTURAL FABRICATION (C) SHIP REPAIRS (D) DOCKING FACILITY

11. JAFRABAD SHIPYARD PROJECT PROPOSAL FOR DEVELOPMENT OF OFFSHORE FABRICATION YARD/ SHIP BUILDING / SHIP REPAIR YARD AT JAFRABAD

12. DIVING & UNDERWATER SERVICES TOPSIDE WORK FABRICATION & INSTALLATION- BOTH ONSHORE & OFFSHORE TURNKEY EPC CONTRACTS RIG REPAIR & SHIP REPAIR MARINE OPERATIONS & MANAGEMENT SERVICES DESIGN ENGINEERING DOLPHIN’S RANGE OF SERVICES

13. BRAHMAPUTRA DOLPHIN (MULTIPURPOSE / WORKBOAT) * Technical management and crewing *Logistics management OWNED VESSELS OWNED VESSELS 1 Multipurpose / Workboats 2 Offshore Utility vessels 6 Harbor tugs UNDER CONSTRUCTION Multipurpose / Workboats (delivery –2009) 1 Dynamically Positioned Construction Barge (expected delivery – 2009) WITHIN THE GROUP DP DSV on long charter AW Barge on long charter PROCYON OFFSHORE: MARINE OPERATIONS & MANAGEMENT PROCYON OFFSHORE: MARINE OPERATIONS & MANAGEMENT

14. Dolphin JV with IMPAC Offshore Engineering, Germany, Provides World Class Design & Engineering Solutions IMPAC OFFSHORE ENGINEERING GmBH, Hamburg an independent engineering company Established 1983, specializes in engineering services to  The Oil and Gas Industry for both offshore and onshore projects.  The Petrochemical Industry  The Construction Industry Service Highlights : Service Highlights : Engineering Conceptual & Feasibility Studies Integrated Field Development Studies Front End Engineering Design (FEED) Detail Engineering Package Engineering Conceptual & Feasibility Studies Integrated Field Development Studies Front End Engineering Design (FEED) Detail Engineering Package IMPAC OIL & GAS ENGINEERING (INDIA) PVT. LTD

15. 200112 Platform –Clamp On StructuresUS $ 8 million 20039 Platform Clamp On Structures and TopsideUS $ 10 million 2004RSPPM – IOEC – Pipe lay support servicesUS $ 45 million 2005SHRC project. First time ever liftingUS $ 9 million of helicopter deck using jacks 2006BBBLRP – ConsortiumUS $ 31 million 20076 Clamp-on project – ConsortiumUS $ 25 million 2008NPCC, Abu Dhabi – C Series workUS $ 6million 2008Leighton, India Pre engg contractUS $ 7 million 2008Leighton, India Seamec -1 /divingUS $ 21 million 2008Punj Lloyd – Heera – Sat div & Seamec US $ 7 million 2008OSW, Malaysia – Seamec-1 + sat divingUS $ 15 million 2008ONGCL – NQD RevampUS$ 38 million 2008ONGCL – ICP RevampUS$ 29 million SOME OF OUR MAJOR CONTRACTS

16. SOME MAJOR CONTRACTS

17. 17 INDIA in the eyes of the world 2007 – India – 6 th largest energy consumer 2007 – India – 7 th largest oil importer consumer 2007 – India – 5 th largest oil consumer 2025 – India – Estimated to be 4 th largest oil importer behind USA, China & Japan ONGC envisages an investment of US$ 15 Billion in the next 4 years.

18. S NoProjectScope of workPurpose 1 Revamping of 30 Well platforms Revamping of 30 Nos of Well platforms Revamp of existing p/forms 2 MHN Pipeline Project Subsea Pipelines Transportation of well fluids 3 B-22 Field Development Project Marginal Field Development New assets 4 MHSR Ph-II, RS- 12, RS- 14 Well Platforms Redevelopment of MH South Field Ph-II New assets 5 Overhanging piping protection. Overhanging Piping protection for 32 Process pfs. For safety of Process platforms 6 North TaptiAddition of oil/gas New assets 18 ONGC - A few tenders to be finalized DOLPHIN OFFSHORE qualified as an EPC contractor ONGC - A few tenders to be finalized DOLPHIN OFFSHORE qualified as an EPC contractor

19. DOLPHIN REACHING OUT

20. THANK YOU