Transcript Floatel International Ltd

Floatel International
The next generation floatels for world wide operations
MARCH 2012
Floatel International Ltd – Fleet
Keppel Fels Shipyard, Singapore - January 2010
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Floatel International
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Floatel International was established in late 2006.
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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.
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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 2011. No immediate plans exist
to re-list the company.
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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.
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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.
Floatel International
HSE and Operating Performance
HSE
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Company:
Floatel International, including vessels, is now certified to ISO 9001, ISO 14001,
OHSAS 18001, ISM and ISPS.
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Fleet Statistics
o Days since Last LTI - Floatel Superior: 699 days
o Days since Last LTI - Floatel Reliance: 232 days
o Lost Time Injury Frequency:
1.51 (No of LTI’s per million man-hours worked)
o Injury Frequency:
7.56 (No of Injuries per million man-hours worked)
o Man-hours worked:
661,364
Operating performance (2011):
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Floatel Superior - Operational uptime:
99,7%
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Floatel Reliance - Operational uptime:
96%
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Floatel International Ltd - Corporate Structure
Floatel International Ltd
(Parent Company)
Bermuda
Floatel Superior Ltd
(Vessel Owner)
Floatel Reliance Ltd
(Vessel Owner)
Floatel Victory Ltd
(Vessel Owner)
Floatel International AB
(Marine Manager)
Bermuda
Bermuda
Bermuda
Gothenburg, Sweden
Floatel Superior BV
(Contractor)
Floatel Reliance BV
(Contractor)
Floatel Victory BV
(Contractor)
The Netherlands
The Netherlands
The Netherlands
Service Agreements
Reliance Servicos
Maritimos
Do Brasil Ltda
Brazil
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To be formed
Board of Directors
Michael Chia
Chairman
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. Fairbanks
Deputy Chairman
Mr. Fairbanks is Managing Partner of Global Energy Capital. He is a board member of Vortex Ventures, ODSPetrodata. 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, USA
Jim Ford
Director
Mr. 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 Lai
Director
Mr 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 Mah
Director
Mr 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 Pierce
Director
Mr. 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 Rice
Director
Ms. 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.
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Floatel International AB – Line Organization
CEO
P. Jacobsson
QA
P. Darland
COO
N. Mårtensson
Technical Manager
C. Benson
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HSEQ Manager
P. Darland
HR Manager
M. Vikman
Marketing Manager
P. Jacobsson
Fleet Manager
O. Wahl
CFO
P. Sølvberg
Finance Manager
J. Bengtsson
Legal Counsel
S. Båth
Floatel International Organisation
Location
Gothenburg Head office - Sweden
Bergen Site office - Norway
Macae Site office - Brazil
Floatel Victory Site office - Keppel/Singapore
Floatel Superior - Marine Crew
Floatel Reliance - Marine Crew
TOTAL
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Employed
Under
Recruitment
27
4
6
6
93
89
3
225
10
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Floatel Superior – delivered March 2010
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Floatel Superior – Key features
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Harsh Environment unit for ww operations,
512 bed accommodation, 440 cabins
40-50 office work stations
Approved free fall life boats and emergency
shutes
Workshop facilities for construction support
Deck area 2 200 m2
Payload 2 700 metric tonnes
Offshore crane support
Telescopic gangway 38m, +/- 8m
Positioning systems:
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DP 3 positioning system
8 point mooring (8x2000m, 3” wire, MBL 490 MT)
POSMOOR V ATA
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Floatel Reliance – Delivered October 2010
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Floatel Reliance – Key features
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Medium Harsh Environment unit
500 bed accommodation capacity
40-50 office work stations for Company
exclusive use
200% life saving capacity
Workshop facilities for construction
support
Deck area 1 300m2
Payload 1 500 metric tonnes
Offshore crane support, main crane 120
MT lifting capacity
Telescopic gangway 36m, +/- 6m
telescopic action
DP 2 positioning systems
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Floatel Victory
Contract effective as of 10 June 2011
o Turn Key Contract for Floatel Victory
placed with Keppel FELS on June 10 2011
o Designed for world wide operations and
will be delivered compliant to HSE UK
rules and regulations.
o Incremental construction cost for harsh
environment justified by larger market
opportunity including North Sea region.
o Floatel Victory is scheduled for delivery
February 2014, with option for delivery
Q4 2013.
o Favourable Lump-sum contract payment
terms
o Bonus/penalty scheme in place for
delivery and pay load.
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Floatel Victory – Key features
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Designed for harsh environment
DP 3 positioning systems
10 point chain mooring system
500 bed accommodation capacity
40 office work stations for Client use
200% life saving capacity
Workshop facilities for construction support
Deck area 1 300m2
Payload 2 000 metric tonnes
Offshore crane support, main crane 120 MT
lifting capacity able to reach adjacent
installation
Telescopic gangway 38m, +/- 7,5m telescopic
action
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Floatel International Ltd and
Floatel International AB
Johannefredsgatan 4
431 53 Molndal, Sweden
Tel: +46 (31) 352 07 00
Fax: +46 (31) 352 07 01
www. floatel.se
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Floatel Reliance, Campos Basin