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Page 1: Company Overview - GSP Shipyard … · • Wells Production ... • Large well-bores and high-capacity production wells • Running wireline ... • Wireline retrievable bridge plug/isolation
Page 2: Company Overview - GSP Shipyard … · • Wells Production ... • Large well-bores and high-capacity production wells • Running wireline ... • Wireline retrievable bridge plug/isolation

www.gspoffshore.com 2

Company Overview • Established in 2004 • Member of Upetrom Group • Experienced management team with a long history and track record in a variety of segments of the oil & gas industry • Strong operating platform built for growth • Controls a high quality fleet of diversified onshore and offshore assets enabling the group to offer turnkey solutions • Strategically located in a fast growing region • Strong customer base with a dominant market position in the growing Black Sea, Azov Sea, Marmara Sea and South East

Mediteranean markets • Solid contract coverage for both vessels and rigs • Member of the International Association of Drilling Contractors (IADC), International Well Control Forum (IWCF),

International Maritime Contractors Association (IMCA). • HSEQ Management System is certified as being in full compliance with ISO 9001, ISO 14001, BS OHSAS 18001 and ISM

Code requirements. FPAL has audited our HSE MS - scored 9.1 from a maximum score of 9.4 • More than 1,500 employees • HQ in Constanta Romania, subsidiary offices in Moscow, Rotterdam, Aberdeen, Dubai, Mexico, Alma Ata, Tunis, Oslo,

Valetta, Limassol, Tripoli • Deloitte has been GSP‟s auditor since 2004

Short History In 2004, following the privatization of National Oil Company, Petrom, GSP employed 90% of the personnel of its Offshore Drilling Branch, Petromar - the entire offshore drilling, maintenance and maritime crew members and the onshore technical assistance & engineering personnel, and took over six offshore drilling rigs, five offshore support vessels and a crane barge. Today, a significant part of GSP`s top and middle management gathers offshore engineering specialists who developed their careers within Petromar or IFLGS Bucharest (the operational base of the Drilling and Special Geological Operations Enterprise). The above mentioned companies were established in the 1970s and have a long history in the offshore drilling industry, both being branches of the National oil company, Petrom.

Page 3: Company Overview - GSP Shipyard … · • Wells Production ... • Large well-bores and high-capacity production wells • Running wireline ... • Wireline retrievable bridge plug/isolation

www.gspoffshore.com 3

Key Customers

Page 4: Company Overview - GSP Shipyard … · • Wells Production ... • Large well-bores and high-capacity production wells • Running wireline ... • Wireline retrievable bridge plug/isolation

www.gspoffshore.com 4

Company Profile

GSP is a member of International Association of Drilling Contractors - IADC

Grup Servicii Petroliere (GSP) headquarters are located in Constanta Harbor, Romania.

GSP provides a wide range of integrated services in the following business areas:

Offshore Drilling Offshore Construction Support Vessels Well Services / P&A / Decommissioning Hydro-technical Construction Engineering Subsea Installation Offshore Windmill Construction & Installation Training

Page 5: Company Overview - GSP Shipyard … · • Wells Production ... • Large well-bores and high-capacity production wells • Running wireline ... • Wireline retrievable bridge plug/isolation

www.gspoffshore.com 5

Our Business

DRILLING ACTIVITIES

• Directional and Horizontal Drilling • Maintenance and Repairs • Offshore and Onshore Wells Design • Rig Moving Operations • Ordinary and Continuous Coring • Engineering and Technical Consultancy • Side Tracking and Re-entries • Fishing Jobs • Drilling Fluids Engineering • Conductor Hammering • Wells Production Stimulation

OFFSHORE CONSTRUCTION

• Engineering and Design of Offshore Installations • Onshore Fabrication and Assembly Yards (Berth 34

Constanta, Midia North Constanta, Agigea South Constanta)

• Midia Pipeyard and Machine Shop • Onshore Heavy Lift Equipment up to 550 t • Load-out, Seafastening and Transportation • On Site Installation, Wind turbine erection • Subsea Pipe Line, Umbilical and Cable Laying • Saturation diving and ROV operation • Commissioning and Operation • Manpower

Page 6: Company Overview - GSP Shipyard … · • Wells Production ... • Large well-bores and high-capacity production wells • Running wireline ... • Wireline retrievable bridge plug/isolation

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Our Business

SHIPPING

• AHTS, AHT and PSV vessels • Offshore Personnel Carrier and offshore MEDEVAC vessel • Diving Support Vessel • Construction Vessels

• DP2 Flex-Lay / J-Lay Pipelay Vessel • Ocean transport Submersible Barge • Top Flat Barge (incl.250 and 550 t cranes) • Top Flat Sliding Barge

• Marine Floating Crane 100 t • Barge Shearleg Crane 1800 t • Derrick accommodation/offshore construction support

barge • Derrick Lay Barge

TRAINING

• Training in well control • Training in operating the driller‟s cabin controls (Cyber Chair) • Safe operation of onshore and offshore cranes • Training in HSE • On-the-job training • Drilling Superintendent module training • Safe operation of DP/non-DP operated vessels • Safe operation of ROV • Anchor handling and Dynamic Positioning • Heavy lift operations • Survival at sea • Fire fighting

Page 7: Company Overview - GSP Shipyard … · • Wells Production ... • Large well-bores and high-capacity production wells • Running wireline ... • Wireline retrievable bridge plug/isolation

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Our Business

HYDROTECHNICAL CONSTRUCTION WORKS

• Water capture for creating domestic usage water networks or industrial usage water networks

• Dam construction for production of electric energy • Protection against flooding by regulation of watercourses • Drainage and shore protection • Development of water transportation by dredging works

and channel construction • Development of nautical recreation and sport areas • Breakwater construction for harbor protection • Quays, harbor platforms, maintenance dredging of harbors • Environmental water works • Rehabilitation of shoreline areas • Preservation of beach areas

WELL INTERVENTION SERVICES

• Engineering and Design of Workover • Workover Operation • Coil Tubing: Fishing, Acid and Nitrogen Pumping • Wells Production Stimulation (Fracking, Acidisation) • Manpower • Fishing Jobs • Wire Line Operation

Continue…

Page 8: Company Overview - GSP Shipyard … · • Wells Production ... • Large well-bores and high-capacity production wells • Running wireline ... • Wireline retrievable bridge plug/isolation

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Our Business

WELL INTERVENTION SERVICES

• Operations planning/well intervention modeling • Coiled tubing operations • Fracturing and stimulation • Subsea well intervention • High-pressure/high-temperature wells • Horizontal and extended-reach intervention • Large well-bores and high-capacity production wells • Running wireline tractors • Multi-lateral well intervention • Training of personnel including apprenticeship for

well service technician and well control certification • Consultancy

GSP offers the latest state-of-the-art equipment and technology within wireline operations and frac equipment . Main features are: Multidrum/multipurpose integrated packages for slickline and

braided/electric line PC-recorded wire depth, speed, tension and shut-down

functions Real-time transfer of winch data to onshore operations centre Remote operation/monitoring of surface pressure and control

system Modular designs for fast integration of auxiliary instruments

and equipment Real-time data monitoring, graphing, and recording Provides reaction chamber (and time) for gel hydration to take

place Automated mixing of sand, gel & chemicals Most job critical unit in the frac. spread

Page 9: Company Overview - GSP Shipyard … · • Wells Production ... • Large well-bores and high-capacity production wells • Running wireline ... • Wireline retrievable bridge plug/isolation

www.gspoffshore.com 9

Our Business

WELL INTERVENTION SERVICES

New wireline technology Wireline services are constantly changing with industry R&D developments in the well intervention area. In close collaboration between experienced field service personnel and key clients' representatives, new equipment and technologies are implemented in the day-to-day operations. Internal R&D, developing new tools, technologies and applications, are increasingly important elements in the wireline services growth strategy. Examples of this activity are the development of:

• Wireline retrievable bridge plug/isolation packer

• Downhole ultrasonic imagining

• Wireline tractor

Page 10: Company Overview - GSP Shipyard … · • Wells Production ... • Large well-bores and high-capacity production wells • Running wireline ... • Wireline retrievable bridge plug/isolation

www.gspoffshore.com 10

Our Business

NEW SERVICES FOR THE NORTH SEA

Grup Servicii Petroliere in cooperation with Schlumberger, provides cost effective, safe and efficient P&A services for the North Sea. GSP is the single source decommissioning solution providing a full range of engineering and decommissioning services, as well as turnkey solutions, with focus on safety and environmental preservation

Drilling Rigs: three and four legged Independent Leg Cantilever Jack-ups with solid safety cases;

Specialized Fleet: the heavy lift semi-submersible barge GSP Bigfoot 2, the 1800T crane barge GSP Neptun and an

extended number of AHTs, ROV/AUV/IMRs & Survey;

Subsea Services employing work and inspection class ROVs rated 3000 msw and appropriate subsea

tooling to perform cutting, debris removal and well plug and abandonment services

with the highest precision;

Page 11: Company Overview - GSP Shipyard … · • Wells Production ... • Large well-bores and high-capacity production wells • Running wireline ... • Wireline retrievable bridge plug/isolation

www.gspoffshore.com

GSP Construction and Workshop Facilities:

GSP Central Production Facility, Berth 34

GSP North Production Facility, Midia

GSP South Production Facility & Shipyard, Agigea

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GSP Production Facilities

The location provides fast river/canal connection with Western Europe and directly with Rotterdam port, through the Rhine-Main canal.

Google Earth®

GSP North Production Facility,

Midia

GSP Central Production Facility,

Berth 34

GSP South Production Facility & Shipyard, Agigea

Google Earth®

Constanta

Rotterdam

Constanta

20 Km

7 Km

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GSP Central Production Facility - Berth 34, Constanta Harbor

Multipurpose workshop for industrial buildings

The workshop is endowed with a ten tons gantry

A heavy duty open concrete platform completes the production area

Berth facilities allow execution of various types of offshore construction as well as vessel and offshore drilling rig overhaul projects

GSP HEADQUARTERS

WORKSHOP

GSP TRAINING CENTER

QUAY

total area - 15 100 sqm.

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GSP Central Production Facility - Berth 34, Constanta Harbor

Offshore Prefabrication and Construction Jack-up rig Overhaul and Upgrading Barge Conversion Complete Drilling Package Outfitting for jack-ups

and Drillships Offshore Oilfield equipment Repairs NDT Steelwork

Tubular and Valves Checking and Repairs Hydraulic Equipment Checking and Repairs Electrical Equipment Checking, Measurement,

Rewind and Repairs Engines Maintenance and Repairs Cranes and Lifting Equipment Checking and Repairs Refrigeration Plant Maintenance and Repair Work Carpentry

GSP HEADQUARTERS

WORKSHOP

total area - 15 100 sqm.

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GSP Central Production Facility - Berth 34, Constanta Harbor

concrete & asphalt pavement 8 300 sqm maximum allowed load 30 tons/sqm total berth length 100 m quay water depth 12 m

New construction & assembly hall - 4 500 sq. m.: production area - 2 000 sq. m. (fully heated) one gantry - 10 tons offshore welding school (fully heated) storage areas - 300 sq. m. workshops boiler room, locker rooms, lavatories

Main office - 3 970 sq. m.: reception meeting rooms offices boiler room design rooms IT rooms

Working on GSP Saturn Rig Upgrade Project

total area - 15 100 sqm.

Page 16: Company Overview - GSP Shipyard … · • Wells Production ... • Large well-bores and high-capacity production wells • Running wireline ... • Wireline retrievable bridge plug/isolation

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GSP Central Production Facility - Berth 34, Constanta Harbor

Page 17: Company Overview - GSP Shipyard … · • Wells Production ... • Large well-bores and high-capacity production wells • Running wireline ... • Wireline retrievable bridge plug/isolation

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GSP Training Center - Berth 34, Constanta Harbor gsptrainingcenter.com

GSP Training Centre is the first step in the GSP’s endeavor to build a complete set of facilities capable to offer a comprehensive training package, including the following:

Towing Operation course

Dynamic Positioning Familiarization

Dynamic Positioning Advanced

Non-Destructive Testing

Welding Courses

total area - 2 450 sqm

Introduction to Well Control

Electronic Drilling System

Top Drive System

Vocational training for roughneck

Vocational training for motorman

On shore crane operator

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GSP Training Center - Berth 34, Constanta Harbor gsptrainingcenter.com

total area - 2 450 sqm

2310 square meters total area

120 seats in four training halls

20 seats in conference room

14 design offices

50 seats in cafeteria

Simulator room: Equipped with the DrillSIM-6000 capable to offer full Well Control training and training in Cyber Base operating controls

Page 19: Company Overview - GSP Shipyard … · • Wells Production ... • Large well-bores and high-capacity production wells • Running wireline ... • Wireline retrievable bridge plug/isolation

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GSP Training Center - Berth 34, Constanta Harbor gsptrainingcenter.com – future capabilities

Offshore Simulator Example Maneuvering from the aft bridge station – actual customer installation photograph

Offshore Bridge Simulator DNV Class A offshore bridge • DP • Anchor Handling • Towing • Fore and aft stations

Anchor Handling Actual anchor handling aft bridge simulation installation

Crane Simulator Rig Cranes • Vessel Cranes • Heavy Lift floating cranes • Mobile land cranes

ROV Simulator

Engineering Simulator Screen based simulator framework • FM Engine Room Sim • FM Liquid Cargo Handling Sim

Page 20: Company Overview - GSP Shipyard … · • Wells Production ... • Large well-bores and high-capacity production wells • Running wireline ... • Wireline retrievable bridge plug/isolation

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GSP North Production Facility - Midia Base

Midia Base is a unique industrial facility / harbor in Romania, integrating all required services to support our offshore drilling activity. These facilities are also available to provide: Well intervention services in the Black Sea

Construction of modules for the petrochemical industry in Eastern Europe and the Middle East

total area - 373 766 sq. m.

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GSP North Production Facility - Midia Base

Offshore prefabrication and construction

Jack-up rigs overhaul

Land rig overhaul with the support of Upetrom 1 Mai

Offshore oilfield equipment storage and repairs

NDT

Steel works

Tubulars and valves storage, checking and repairs

Pipe coating, pipe storage

Hydraulic and equipment storage, checking and repair

Electrical equipment storage, checking,

measurement, rewind and repairs

Engines storage, maintenance and repairs

Cranes and lifting equipment

Refrigeration plant maintenance and repair works

Carpentry

total area - 373 766 sq. m.

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GSP North Production Facility - Midia Base

crushed stone pavement area 310 000 sq. m. maximum allowable load 15 tons/sq. m. concrete pavement 45 000 sq. m. maximum allowable load 30 tons/sq. m.

construction & assembly hall - 7 500 sq. m. : production area – 3 500 sq. m. storage areas – 3 350 sq. m. workshops offshore welding school automatic line for tubular drilling equipment check & repair drilling school (similar offshore rig equipment) offices boiler room, locker rooms, lavatories

offices - 900 sq. m.: meeting rooms mess rooms office rooms locker rooms lavatories

total berth length 1 100 m quay water depth 7 m

total area - 373 766 sq. m.

Page 23: Company Overview - GSP Shipyard … · • Wells Production ... • Large well-bores and high-capacity production wells • Running wireline ... • Wireline retrievable bridge plug/isolation

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GSP North Production Facility - Midia Base

Development Phases Phase I Existing Operation Base

Phase II

Phase III Final Development Phase

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GSP South Production Facility & Shipyard, Agigea

GSP Shipyard located in Constanta Sud – Agigea Port offers the necessary infrastructure to support offshore construction with a complex steelwork facility endowed with an extensive fleet of heavy lift cranes. The Constanta South – Agigea Port facility includes a multipurpose workshop and a heavy duty open platform, as well as the necessary infrastructure and utilities

crushed stone pavement area 34 000 sq. m. maximum allowable load 30 tons/sq. m. pile reinforced area 2 400 sq. m. maximum allowable load 200 tons/sq. m. concrete pavement 9 400 sq. m. maximum allowable load 30 tons/sq. m. working on

GSP Bigfoot 1 Project

total berth length 1037 m quay water depth 7 m

total area - 70 265 sq. m.

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GSP South Production Facility & Shipyard, Agigea

total area - 70 265 sq. m.

new built construction & assembly hall - 3 000 sq. m.: production area 2 250 sq. m. two 40 ton gantries storage areas workshops offices mess room boiler room, locker rooms, lavatories

new built yard quarter - 900 sq. m.: meeting rooms mess rooms office rooms locker rooms lavatories

working on

the Jacket for Akcakoca Project

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Working on GSP Bigfoot 1 Project - 02.2010

Working on the topside for Akçakoca Project - 03.2010

Working on the jacket for Akçakoca Project - 03.2010

Overall picture - 01.2010

GSP South Production Facility & Shipyard, Agigea

Pictures

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GSP Fleet

GSP Prince: IMR & Survey ROV Offshore Support Vessel built in 2009, Baatbygg Shipyard GSP King: AHTS offshore support vessel, built in 2005, Singapore, ABS class GSP Queen: AHTS offshore support vessel, 8000HP. Built in 2005 Singapore, ABS class GSP Vega: AHTS offshore tug/supply vessel built in 1983. 12800HP, DnV class GSP Alcor: AHTS offshore vessel, built in 2010, ABS Class GSP Orion: Offshore supply vessel built in 1983. Major upgrade 2009. DnV class GSP Licorn: Tug and supply vessel built in 1995. BV class GSP Perseu: Tug and supply vessel built in 1994. BV class GSP Phoenix: Passenger and supply vessel, built in 1995. BV class GSP Lyra: High speed passenger and MEDEVAC vessel

Jack up rigs

Vessels

Modular rig GSP 31: Onshore & Offshore modular drilling rig, built in 1986, upgraded in 2010

GSP Saturn: Built in 1988, rebuilt in 2009, cantilever type, ABS class GSP Jupiter: Built in 1987, rebuilt in 2007, cantilever type, ABS class GSP Orizont: Built in 1982, rebuilt in 2010, cantilever type, GL class GSP Atlas: Built in 1985, rebuilt in 2007, cantilever type, GL class GSP Prometeu: Built in 1984, upgraded in 2003, ABS class GSP Fortuna: Built in 1984, upgraded in 2011, cantilever type, ABS class GSP Britannia: Built in 1968, rebuilt in 1984, upgraded in 2011, cantilever type, ABS class

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GSP Fleet

Liebherr LG 1550: Onshore crane with 550 tons lifting capacity Liebherr LR 1300: 4 crawler cranes with 300 tons lifting capacity Liebherr LR 1280: Crawler crane with 280 tons lifting capacity Liebherr LR 1200: Crawler crane with 200 tons lifting capacity Liebherr LR 1250: Crawler crane with 250 tons lifting capacity Liebherr LTM 1070: All terrain mobile crane with a 50 metres length telescopic boom and 70 tons lifting capacity TEREX A 300: Hydraulic rough terrain crane with 30 tons lifting capacity MDK 504: TAKRAF crane type with 27 tons lifting capacity

All our assets are compliant with: MODU Code requirements ISM (International Safety Management Code) ISPS (International Ship and Port Facility Security Code) SOLAS (Safety Of Life At Sea) MARPOL (Maritime Pollution) IMO (International Maritime Organization) COLREG (Collision Regulations) Load Line Conventions International Conventions of Tonnage measurements of ships

Offshore heavy lift cranes:

GSP Neptun: 1800T. floating shearleg crane, built in 1998, upgraded in 2010 GSP Granit: 100 tons floating crane

Onshore heavy lift cranes:

GSP Falcon: DP2 Flex-Lay / J-Lay Pipelay Vessel GSP Bigfoot 1: DP3 Derrick / Pipe Lay Barge GSP Bigfoot 2: Semi-submersible, Heavy lift, Transportation Barge GSP Bigfoot 3: Derrick, Accommodation, Construction, Support Barge

Construction Vessels

ROVs: GSP ROV Triton XLR - Perry Slingsby GSP ROV Triton XLX - Perry Slingsby GSP ROV Mohican - Inspection Class ROV GSP ROV Navajo

SAT Diving System

GSP Sat 1 12 man saturation diving system, operating water depth 300m.

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GSP Fleet - Rigs

GSP Saturn

Rig Type Four legs, self elevating unit, cantilever Design Sonnat Offshore Company Builder Galatzi Shipyard, Romania Year built 1988, rebuilt in 2009 Class ABS Flag Panama Accommodation for 100 Helideck 80 x 80 ft, rated for PUMA SA 330 B / BELL 212–412 helicopter Max Drill depth 30,000 ft Max Water Depth 300 ft (91m)

GSP Jupiter

Rig Type Four legs, self elevating unit, cantilever Design Sonnat Offshore Company Builder Galatzi Shipyard, Romania Year built 1987, rebuilt in 2007 Class ABS Flag Malta Accommodation for 95+2 Hospital Helideck 80 x 80 ft, rated for PUMA SA 330 B / BELL 212–412 helicopter Max Drill depth 30,000 ft Max Water Depth 300 ft (91m)

GSP Orizont

Rig Type Four legs, self elevating unit, cantilever Design Sonnat Offshore Company Builder Galatzi Shipyard, Romania Year built 1982, rebuilt in 2007 Class ABS Flag Malta Accommodation for 95+2 Hospital Helideck 80 x 80 ft, rated for PUMA SA 330 B / BELL 212–412 helicopter Max Drill depth 30,000 ft Max Water Depth 300 ft (91m)

GSP Atlas

Rig Type Four legs, self elevating unit, cantilever Design Sonnat Offshore Company Builder Galatzi Shipyard, Romania Year built 1985, rebuilt in 2007 Class Germanischer Lloyd Flag Malta Accommodation 90+2 Hospital Helideck 80 x 80 ft, rated for PUMA SA 330 B / BELL 212–412 helicopter Max Drill depth 25,000 ft Max Water Depth 300 ft (91 m)

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GSP Fleet - Rigs

GSP Prometeu

Rig Type Four legs, self elevating unit Design Sonnat Offshore Company Builder Galatzi Shipyard, Romania Year built 1984, upgraded in 2003 Class ABS Flag Malta Accommodation 90 + 2 Hospital Helideck 80 x 80 ft, rated for PUMA SA 330 B/BELL 212–412 helicopter Max Drill depth 20,000 ft Max Water Depth 300 ft (91 m)

GSP 31

Rig Type Modular Drilling Rig, skidding type Design DRECO, National Oilwell Technology Year built 1986, upgraded in 2010 Class Det Norske Veritas Max Drill Depth 12,000 ft / 3,600 m

GSP Britannia

Rig Type Four legs, self elevating unit, cantilever Design Breit Engineering Inc. Builder Norsmec Redcar UK Year built 1968, rebuild in 1984, upgraded in 2011 Class ABS Flag Vanuatu Accommodation 104 Helideck 75 x 75 ft, rated for Sikorsky S-61 helicopter Max Drill depth 20,000 ft Max Water Depth 200 ft (61 m)

GSP Fortuna

Rig Type Three legs, self elevating unit, cantilever Design Friede & Goldman Builder Astilleros Corientes ARG. Year built 1984, upgraded in 2011 Class ABS Flag Vanuatu Accommodation 88 Helideck70 ft diameter, rated for Sikorsky S-61 helicopter Max Drill depth 25,000 ft Max Water Depth 300 ft (91 m)

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GSP King

AHTS Offshore Support Vessel, class ABS, towing, fire fighting and antipollution vessel Class 1, DPS-2, main engines 2 X 4000 KW @750rpm, Wartsila 8L32 Built in 2005 by Jaya Shipbuilding & Engineering Pte. Ltd., Singapore. Duties offshore drilling rig towing and positioning, rescue, supply transport for offshore activities.

GSP Queen

AHTS Offshore Support Vessel, class ABS, towing, fire fighting and antipollution vessel Class 1, 8,000HP, DPS-2, effective power 2 x 2925 kW Built in 2005 by Jaya Shipbuilding & Engineering Pte. Ltd., Singapore. Duties offshore drilling rig towing and positioning, rescue missions, supply transport for offshore activities.

GSP Alcor

AHTS Offshore Support Vessel, class ABS, class notation A1E Offshore Support Vessel, Fire Fighting Class 1 + AMS + DPS-1, offshore support, towing, fire fighting and antipollution vessel. Main generators 3 x 350 kW @ 1500 rpm/ 415 V/3Ph/50Hz Caterpillar C18 Built in 2009 at Fujian, China. Duties offshore drilling rig towing and positioning, anchor handling, rescue missions, supply transport for offshore activities.

GSP Vega

AHTS Offshore Tug/Supply Vessel, class DnV., DP1 firefighting, antipollution, rescue vessel with 150 persons capacity Class 1A1 ICE-C Tug Supply Vessel E0 DYNPOS AUT, designed and built in 1983 by Bolsoenes Verft, Norway. Main engines 4 x MAK Diesel 3200 BHP, total 12800HP Duties offshore drilling rig towing and positioning, rescue, supply transport for offshore activities.

GSP Fleet – AHTS Vessels

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GSP Prince

DP2 IMR & Survey/ROV Support Vessel, class DnV +1A1,SF,E0, DYNPOS AUTR CLEAN, COMF-C3-V3, HELDK-SH, NAUT OSV (A), DK(+), ICE-C Built 2009, Baatbygg Shipyard, Norway. Two azimuth thrusters for main propulsion x 2.2 MW each Two bow tunnel thrusters x 1150kW + one bow retractable azimuth thruster 1400kW Duties sub-sea duties such as ROV operations, survey, bottom mapping, sub-sea installation works, diving and intervention support, mother vessel for AUV/UUV operations, geo-technical investigation survey.

GSP Orion

Supply vessel class DnV +1A1 OILREC SF EO DINAPOS-AUT Built 1983, by Sigbjørn Iversen AS (SIMEK AS) Shipyard, Flekkefjord, Norway. Major upgrade in 2009. Main propulsion system, Rolls Royce Bergen diesel electric engines 5,160 HP. Duties Offshore support including Oil Spill Recovery (OSR) capability under EMSA (European Maritime Safety Agency) coordination, covering the European Union border at the Black Sea.

GSP Licorn

Tug and supply vessel, class BV Built 1995 Effective power 2 x 1814 kW, length 60.79m, width 13.59m, maximum 38 persons. Duties supply transport, assistance during towing and positioning of offshore drilling rigs and support for drilling and production rigs.

GSP Perseu

Tug and supply vessel, class BV Built 1994 Effective motor power 2 x 1814 kW, length 60.92m, width 13.59m, minimum crew 13. Duties supply transport, assistance during towing and positioning of offshore drilling rigs, assistance and support for drilling and production rigs.

GSP Fleet – IMR ,Survey & PSV Vessels

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GSP Phoenix

Passenger and supply vessel, Built 1995, Effective power 2800 kW, class BV. Length 73.33m, width 13.63m, minimum crew 13, maximum passenger number 99 persons. Duties personnel and supply transport for offshore drilling and production rigs.

GSP Lyra

Special Offshore Vessel (Crew and MEDEVAC) Built 1988 by Baatutrustning AS-Rubbestadneset Yard, Norway, upgraded in 1991, Class IRS (International Register of Shipping). 45t net tonnage. Passengers & crew capacity 101 persons (96 passengers, 5 crew). Duties personnel transportation service for offshore installation projects, as well as for shallow water offshore rigs crew transport and MEDEVAC missions.

GSP Fleet – Crew & MEDEVAC Vessels

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GSP Bigfoot 1

DP3 Derrick/Pipe Lay Barge Class ABS +A1 Barge, E; DPS-2; UWILD,CRC Built in 2010 in GSP Shipyard, upgraded in 2011, Heavylift 400 mT offshore mast crane, 60 mT pipe handling crane, Length (excluding stinger) 135.00 m, 6 x 2200kW Rolls Royce Azimuth Thrusters, Kongsberg DPS Class 3, 270 mT pipelaying capacity, 6x50 mT Pipe Repair Davits, A&R Winch capacity of 300MT, three sections 90m Stinger, helideck for Sikorsky S-61N & S-92, accommodation for 240 POB. Duties Pipelay, heavy lift works. The pipelay system is based on the single joint S-lay principle. The barge is capable of installing 6” to 60” diameter pipelines.

GSP Falcon

DP2 Flex-Lay / J-Lay Pipelay Vessel Class DNV 1A1, ICE-1B, HELDK, DYNPOS ATUR. Built in 1976, major upgrade and conversion into offshore construction vessel in 1994, rigid pipe lay system installed in 1996. Main power system: 2 x AEG, 7000 HP; propulsion: 7 thrusters (5 x 1305 kW, 1 x 1200 KW, 1 x 1540 kW). Duties: Installation of rigid pipelines, flexible flowlines and umbilicals; flexible lay capacity 1600 tons, and rigid lay of 4 to 14 inch pipe welded, tested and coated conventional horizontal firing line and overboarded via radius controllers and straightener and J-Lay ramp located at stern of ship.

GSP Fleet – Construction Vessels

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GSP Bigfoot 3

Derrick, Accommodation, Construction, Support Barge Class ABS + A1 Accommodation Barge + IMO MODU Code 2001, Fire Fighting equipment complying to Classification and SOLAS, Crane 550 tons Length 100m (deck strength 15 tons/m2, clear deck space: 1338m2, helideck for Sikorsky S92, accommodation for 300 Built in Korea in 2009. Duties offshore accommodation facilities complying top comfort and safety standards for crews while being mobilized in offshore construction projects such as cable or pipeline laying, coastal construction support, offshore remote location projects, platform installation, commissioning, maintenance and repair, drilling tender support, heavy lift work.

GSP Bigfoot 2

Semi-submersible, Heavy lift, Transportation Barge Class Lloyd‟s Register, class notation +100A1 submersible pontoon, maximum operating depth 12.26 meters to bottom of keel, deck strengthened up to 15000 kg/m2. Length 122.45m Built 1977 in Japan Rebuilt in GSP‟s North Production Facility – Midia Base. Duties dry heavy marine transportation – offshore drilling rigs, offshore production structures and modules such as jackets, topsides, other heavy floating and non-floating cargoes, using the float on / float off method, other offshore installation works.

GSP Fleet – Construction Vessels

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GSP Neptun

1800 tons floating crane, Built in 1998, upgraded in 2010 Lifting speed / load 1.8 m/min, lifting speed / unload 3.6 m/min, lifting height 76.00 m. Length (LOA) 83m, width 36m, gross tonnage 6,557t. Accommodation: 9 persons. Duties offshore construction – platform installation, rebuilding and removal.

GSP Fleet – Crane Barges

GSP Granit

100 tons floating crane, Built in 1973, length 40,66m, width 20.02m Effective motor power 2 x 331 kW, Accommodation: Crew only -16

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Perry Slingsby Triton XLR, Medium Duty Work Class ROV, 3000 msw, 125 HP

Perry Slingsby Triton XLX, Heavy Duty Work Class ROV, 3000msw, 150 HP

Mohican Inspection Class ROV system, 2000 msw, incorporating an enhanced propulsion system which allows it to continue working in high current conditions

Navajo compact size and weight portable ROV system, 300msw

GSP Fleet – ROV & Sat Diving

GSP‟s diving services have the reputation for both excellence and highly trained and passionate personnel and most advanced technologies and equipment. GSP operates a modularised saturation diving system designed to be installed on various construction and support vessels, depending on project requirements. The 12 man saturation diving system was designed and built by LexMar Engineering, and is IMCA and ABS compliant. It allows divers to undertake subsea surveys, light construction works, inspections, maintenance and repair up to 300 meters water depth.

The ROVs (Remotely operated vehicle) GSP owns and operates incorporate latest generation robotic technologies being able to operate in the safest manner in the toughest weather conditions and challenging environment. GSP operates four ROVs:

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GSP Activities

Offshore Construction

Offshore Drilling

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DLS Project – Black Sea, Russian Federation Ultimate Client: Gazprom, Russian Federation

The Dzhubga – Lazarevskoye – Sochi gas pipeline is part of the Program for Construction of Olympic Facilities and Development of Sochi as a Mountain-Climatic Resort, approved by the Government of the Russian Federation. The gas pipeline is designed to provide a reliable energy supply to Sochi and other areas, including delivery of gas to the Olympic facilities which are under construction; it gives a powerful impulse to the implementation of gas supply in both private and public households of Sochi and the Tuapse District, particularly facilitating the power supply on the Black Sea coast of the Caucasus. The total length of the gas pipeline is 177 kilometers, including the 159.5 kilometer offshore section. The pipeline route runs on the Black Sea bottom following the coastline (approximately 4.5 kilometers away from the coast) to the Kudepsta gas distribution station near Sochi. The 24 inches gas pipeline will have an annual throughput capacity of approx 3.8 billion cubic meters. GSP, as contractor for the offshore works, installed the submarine pipelines (159.5 km), including welding, nondestructive testing, inspection, pipe transport, installation of five shore approaches, pipeline tie-ins, ROV operations, surveys, trenching and pipeline hydrotesting.

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Akcakoca Oil Field Project – Black Sea, Turkey Client: TPAO, Turkey

The Akcakoca site is located in a water depth of 95 metres, approximately 14 km from shore. The Akcakoca gas project included fabrication, transport, installation and hook-up of a 4-leg jacket over the two predrilled wells, AKC-3 and AKC-4, and drilling three new directional wells, using GSP‟s self contained modular drilling rig GSP 31, which will also be used for completing and maintaining all wells.

The four leg cross-braced jacket supports a two level trussed deck, also fabricated, installed and hooked-up by GSP.

GSP Bigfoot 1 installed subsea pipelines of 12‟‟ and 7 kilometers and made tie-ins to the existing offshore pipeline system via a piggable wye connection, for transporting the produced gas from the Akcakoca platform to the Cayagzi gas processing plant located onshore near Akcakoca town.

GSP carried out all fabrication, construction, installation, drilling and pipelay for the project.

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Galata Project – Black Sea, Bulgaria Client: Melrose Resources, England

In early 2009, Melrose Resources commenced a development program to convert the Galata field offshore Bulgaria to a gas

storage facility.

GSP was awarded the contract for engineering, procurement, fabrication, transportation, offshore installation and testing of

the pipelines 8.5 km x 6” from Galata Platform to Wellhead Kavarna 2, and 14.5 km x 10” from Galata Platform to Wellhead

Kaliakra 2, with associated piggyback liquid lines.

Pipeline installation was performed by GSP Bigfoot 1 in water depths ranging from 36 to 80 meters.

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Drilling Projects

Since its establishment, Grup Servicii Petroliere has been a leader in offshore drilling operations. Projects carried out by GSP include: Offshore exploration drilling campaign on the Bulgarian continental shelf between 2004 and 2005, for Melrose Resources; Offshore horizontal sidetracking and directional drilling in Salman and Esfandihar fields in the Persian Gulf between 2004

and 2005 for PEDCO Iran; Offshore drilling campaign on the Turkish continental shelf in 2006 for TPAO; Vertical and directional exploration and production drilling, well completion, production tests with two MODUs in the Black

Sea, GSP Jupiter and GSP Saturn, in various offshore fields between 2006 and 2007 for Petrom; Exploration drilling operations in Doina field, Black Sea, the well completion and the production tests at the beginning of

2008, for Midia Resources (a subsidiary of Sterling); Onshore directional drilling campaign on the Mamu and Bustuchin locations, for the development of the natural gas reserve in 2008 and 2009 for Petrom. GSP’s personnel was involved since 1976 in the offshore operations carried out by the Drilling and Special Geological Operations Enterprise (IFLSG) and Petrom’s Offshore Drilling Branch.

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Drilling Projects

GSP was involved in all the important offshore drilling projects in the Black Sea area, on the continental shelves of Romania, Bulgaria, and Turkey, becoming the most important offshore drilling services provider in the region. The Company had also extended operations on the Greek continental shelf. GSP is now considering drilling opportunities outside the Black Sea/Middle East/Mediterranean areas. A few offshore fields where GSP was the drilling contractor for the production development: Black Sea: Pescaruş, Lebada Vest and Lebăda Est, Sinoe, Delta, Orion for Petrom; Doina for Midia Resources, Ayazli, Akkaya, Bayahauli for Toreador Resources; Ayazli and Igneada for TPAO; Cayagzi for Madison Oil; Samontino and Galata for Melrose Resources; Yury Shimanov for Petreco; Kallirahi and Epsilon for Kavala Oil.

Persian Gulf: Saravan for Repsol YPF; Salman, Esfandiar and Foroozan for PEDCO; Reshadat and Hengam for IOOC;

The offshore operations carried out in Midia, Neptun, Pelican perimeters on the Romanian continental shelf, and Shabla and Galata on the Bulgarian one were carried out before 2004 by the actual GSP’s offshore drilling & engineering professional body.

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GSP activities in the Black Sea

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GSP Investment Policy

Current / Ongoing Investments

Planned Investments

Future Potential Investments

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Investment Policy

Since 2004, GSP has invested almost one billion USD in the acquisition and modernization of its vessels and drilling rigs, including extensive upgrades of GSP Jupiter and GSP Saturn rigs and conversion of GSP Bigfoot 1 and GSP Bigfoot 3.

GSP puts strong emphasis on its workforce and will continue to invest in the training and education of its employees to ensure the highest quality of operations.

GSP has a long term investment plan including the continuous modernization of the equipment onboard of the drilling rigs.

GSP is the dedicated investment vehicle for the group‟s non transportation offshore assets

All investments made must meet GSP‟s long term strategic objectives and return requirements

GSP JUPITER pre and post upgrade

December 2006 December 2007

September 2008 June 2009

GSP SATURN pre and post upgrade

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Recent investments / Under Upgrade GSP Bigfoot 1 Barge

New Build finished in March 2010 at GSP South Production Facility & Shipyard, Agigea, Constanta, currently under upgrade

The upgrade project carried out in GSP Shipyard aims to increase the performance of the vessel and thus increase productivity. At the end of the upgrade works, GSP Bigfoot 1 will be able to launch 3 km pipeline per day. Project Objectives:

the installation of the vessels own propulsion system through the DP3 system the installation of 6 azimuthal thrusters increased tensioners' capacity from 120 to 200 tons installation of the a power plant with 3.5 MW generators increase of the maximum diameter of the pipes up to 48 inches the extension of the operation area up to 300 m sea depth increased productivity increased accommodation capacity

After Upgrade

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Under Upgrade GSP Prometeu Jack-up Rig

Curently Rig Type Four legs, self elevating unit Design Sonnat Offshore Company Builder Galatzi Shipyard, Romania Year built 1984, upgraded in 2003 Class ABS Flag Malta Accommodation 90 + 2 Hospital Helideck 80 x 80 ft, rated for PUMA SA 330 B/BELL 212–412 helicopter Max Drill depth 20,000 ft Max Water Depth 300 ft (91 m)

After Upgrade - 2013 Rig Type Four legs, self elevating unit, cantilever Design Sonnat Offshore Company Builder GSP Shipyard Year built 2012 Class ABS Flag TBA Accommodation for 100 Helideck 80 x 80 ft, rated for PUMA SA 330 B / BELL 212–412 helicopter Max Drill depth 30,000 ft Max Water Depth 300 ft (91m)

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Special Investments

12000 Ton Full Revolving DP2 Self-propelled Heavy Lift Vessel for Deepwater

( future capability Ultra Deep water J-Lay pipeline)

Tremendous ability to resist extreme wind and wave with huge hull size able to accomplish various missions like hoisting, survey and salvage under all marine depth whatever from shallow water (less than 400m) or deep water (400m – 1500m), or extremely deep water (over 1500m)

Self- propelled. When operating, the vessel can be positioned either by anchor or by DP System can turn 360 degree on the spot. The sailing speed is up to 11-13 knot, and reaches over 20 knots by DP system

Heavy Lift Capacity 12000 ton at 120 meter high, it‟s able to deal with hyper module lifting and installation, jacket positioning, platforms removal and all other heavy lifting job on sea

Deep water work capacity able to undertake heavy salvage in 3000meter under water or over

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Special Investments

Length overall 297.55 m Length BP 290.25 m Moulded Breadth 58.00 m Moulded Depth 28.80 m Design Draft 13.5m Scantling Draft 17.6 m Operation draft 17.6 m Navigation draft 13.5 m Complement 380p(CREW 72P, Worker 308P) Type of Main Engine B&W 7S80MC Rated Power 21120KW/69.2rpm (MCR), 19010KW/66.8rpm (90%MCR) Service Speed not less 12 kn Stationary Over Stern: Rated Lifting Load 12000t@54m Available Radius from shipboard:25m Revolving Rated Lifting Load 7000t@44m Lifting Height with Full Load 12000 t Above Waterline 120m Below Waterline 150m Deep Water Operation 3000m or more Relevant Lifting Load 1500t-10000t

12000 Ton Full Revolving DP2 Self-propelled Heavy Lift Vessel for Deepwater

( future capability Ultra Deep water J-Lay pipeline)

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Length 140 m Breadth moulded 48 m Depth at side 15 m Scantling draught 10.6 m Operational draught for deepwater 10.0 m Operational draught for shallow water 1.8 m Displacement at operational deep draught Approx. 68,900 t Deadweight at operational deep draught Approx. 56,500 t Displacement at shallow draught Approx. 16,500 t Deadweight at shallow draught Approx. 12,800 t

Planned Investments

Length overall 208.0 m Breadth moulded 35.0 m Depth at side 18.2 m Scantling draught 12.0 m Operational draft 10.0 m Speed 14 knots Accommodation 200 persons Power 6 x 7400 kW Main thrusters 2 x 5500 kW Retractable thrusters 4 x 3500 kW Bow thruster 1 x 2500 kW

GSP Venus

self propelled dynamically positioned

drillship

GSP Caspian

drilling barge

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Length 137.6m, Width 49.4m 3000m2 deck space 1500t Deadweight @ 1.4m draft 2200t Deadweight @ 1.5m draft 19000t Deadweight @ freeboard draft (4m)

Planned Investments

Pipelay Complex

A fleet of self supporting barges to do complete Pipelay Projects in the Caspian Sea Pipelay Complex consist of three standard barges Accommodation barge, consist of two standard barges Trenching barge, consist of two standard barges Pipe supply barge, one short barge (5 off)

Offshore Support barge

Length 137.6m Width 32.7m 2600m2 deck space 1000t Deadweight @ 1.5m draft 12000t Deadweight @ freeboard draft (4m)

Shallow Water Pipe Supply Barges

Length 99.2m, Width 16m, Depth 7.2m 450t Deadweight @ 1.5m draft 4100t Deadweight @ freeboard draft (4m) 5 barges in the fleet

Trenching Barge

Length 137.6m Width 32.7m 2600m2 deck space 1000t Deadweight @ 1.5m draft 12000t Deadweight @ freeboard draft (4m)

Arthropod 600 The „Arthropod 600‟ is capable of trenching pipelines from 12” to 50” OD at a maximum burial depth of 3.5 m (bottom of trench).

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GSP Market Opportunities

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The Black Sea, focal point for the regional oil & gas industry

Constanta will be the “Aberdeen” of the Black Sea oil and gas deep sea exploration and production operations

Significant planned activity in GSP‟s home market, including:

• The South Stream project alone will result in over 1,800 km ( phase 1) of new pipeline and significant subsea work;

• Significant projects in The Caspian Sea: Russia (Gazprom, Lukoil, Rosneft etc.), Kazakstan (KMG, Shell, ENI, Chevron, Lukoil etc.), Turkmenistan (Zarubejneft, Itera, Dragon Oil, RWE, Petronas etc);

• Offshore pipeline “South Stream” to supply gas flow to Southern Europe is urgently required; • Sterling Resources EPIC - significant subsea work, including 130km pipeline with two jackets

and topsides; • Turkish Petroleum TPAO EPIC Project - significant subsea work, underground gas facilities; • Petrom Project - significant subsea work with 50 km inter-field pipeline, offshore compressor

platform; • Melrose Galata oilfield development phase 2 in Bulgaria; • Energean Oil & Gas Greece Kavala fields development, gas underground storage facilities; • North Africa offshore development, focusing on Tunisia, Libya, Egypt; • Important prospects for drilling in shallow and deep water in Black Sea/ Caspian Sea, Azov

Sea/ Mediterranean Sea/ North Sea / North Russia/ Gulf of Mexico; • Major P&A / decommissioning market on Southern North Sea; • Offshore wind park construction and installation on North Europe; • Increasing of activities on subsea completions, well interventions in all markets; • Exxon Mobil, Chevron, Petrobras, TPAO and Petrom have expanded their offshore activities to

drill exploration wells on the many leads and prospects indicated by existing seismic studies.

Currently the areas of interest are: Black Sea, Caspian Sea, Offshore Russia, Gulf of Mexico, North Sea, West Africa, Mediterranean Sea, India and Persian Gulf

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