1. Floatel International
The next generation floatels for world wide operations
FEBRUARY 2013
2. Floatel International
o Floatel International owns and operates a fleet of offshore accommodation
and construction support vessels. The company was established in 2006.
o Floatel International is jointly controlled by affiliates of Keppel Corporation and
Oaktree Capital Management.
o The philosophy 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.
o Floatel’s fleet currently consists of two dynamically positioned vessels in
operation and two dynamically positioned vessels under construction:
o Floatel Superior – delivered 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 Superior is presently committed to Statoil, Norwegian sector.
o Floatel Reliance - delivered October 2010, a DP 2 semi submersible accommodation vessel
designed for medium harsh environment. Floatel Reliance is presently committed to Petrobras.
o Floatel Victory is under a turnkey construction contract at Keppel FELS Shipyard in Singapore
and is due for delivery in November 2013, at which point it will commence its first of two
already contracted projects.
o Floatel Endurance is under a turnkey construction contract at Keppel FELS Shipyard and is due
for delivery in January 2015 and is contracted to Chevron Wheatstone project starting Q1 2015.
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3. Floatel International Ltd - Corporate Structure
Floatel International Ltd
(Parent Company)
Bermuda
100%
100% 100% 100% 100% 100%
Floatel Superior Ltd Floatel Reliance Ltd Floatel Victory Ltd Floatel Endurance Ltd Floatel International AB
(Vessel Owner) (Vessel Owner) (Vessel Owner) (Vessel Owner) (Marine Manager)
Bermuda Bermuda Bermuda Bermuda Sweden
Floatel Superior BV Floatel Reliance BV Floatel Victory BV Floatel Endurance BV
(Contractor) (Contractor) (Contractor) (Contractor)
Service Agreements
The Netherlands The Netherlands The Netherlands The Netherlands
Reliance Servicos
Maritimos
Do Brasil Ltda
Brazil
To be formed
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4. Floatel International Ltd - Shareholders
Brief overview of Oaktree Shareholder summary
• Oaktree’s mission is to provide highly professional Asset class USD billion Shareholder Shares (m) %
management with a primary emphasis on risk control in Corporate debt $21.9 Affiliates of Keppel Corporation 50,6 47,2%
a limited number of sophisticated investment Convertible securities 7.4
Affiliates of Oaktree 45,7 42,6%
specialties Distressed debt 27.3
Other 12,1 11,3%
Control investing 16.5
• Oaktree specializes in less efficient markets and
Real estate 5.0
alternative investments, and has extensive experience,
Listed equities 0.6
broad product range and substantial assets under
$78.7
management
Note: As of June 30, 2012.
• Oaktree is dedicated to the achievement of consistent
and superior performance without high risk
• www.oaktreecapital.com
Brief overview of Keppel Corp.
• Keppel Corp. is the global leader in offshore rig $5.0 $4.5
$4.4
design, construction and repair, ship repair and
conversion, and specialized shipbuilding $4.0
• Keppel Corp. invests in selected niche areas USD $bn $3.0
• The investment activities have had significant
success stories, including Singapore Petroleum $2.0
$0.9 $1.1
sold to PetroChina in 2009 $1.0
• In addition to Floatel, they own stakes in Dyna-
Mac, a topside module fabricator and have started $0.0
2010 2011
a ship owning company in Brazil which will offer
PSVs on bareboat charter or sale Revenue Operating profit
• www.keppelom.com
Note: SGD/USD = 0.79
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5. Floatel International AB – Line Organisation
Management Team
CEO
P. Jacobsson
QA
P. Darland
COO CFO
N. Mårtensson TBN
Technical Mgr HSEQ Mgr Fleet Mgr New Building Finance Mgr Legal Counsel
C. Benson P. Darland O. Wahl Projects J. Bengtsson D. Wästerström
Purchasing Mgr HR Mgr
Charter Projects
H. Lindström M. Vikman
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6. Board Members
Mr. Chia is the Managing Director Keppel Offshore Marine Ltd and Deputy Chairman Keppel Integrated Engineering
Michael Chia Ltd. He started his career in Keppel FELS in 1980 and has held several appointments in Yard Management, Corporate
Chairman 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.
Mr. Fairbanks is Managing Partner of Global Energy Capital. He is a board member of Vortex Ventures, ODS-
Jonathan B. Fairbanks Petrodata. He was previously president of Bassøe Offshore (USA) Inc, as well as board member of Forum Oilfield
Deputy Chairman Technologies, Chiles Offshore, Hercules Offshore, Scorpion Offshore and Seajacks International. He is a US citizen and
resides in Houston, USA
Mr. Ford is a Managing Director of Oaktree Capital Management, L.P. and Co-Portfolio Manager of Oaktree’s Global
Jim Ford Principal Strategy. Before joining Oaktree in 1996, Mr. Ford was a consultant with McKinsey & Co. and a financial
Director 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.
Mr Lai is the Senior General Manager of Corporate Development for Keppel Offshore & Marine Ltd. He is responsible
Ching Chuan Lai for business development activities within the KOM group worldwide. Mr Lai holds a B Sc in Naval Architecture &
Director 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 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
Director holds a Bachelor of Economics and Business Administration (MBA). He is a Singapore citizen and resides in Singapore.
Mr. Pierce is a Senior Vice President at Oaktree Capital Management, L.P. Prior to joining Oaktree in 2003, Mr. Pierce
Adam Pierce served as a Financial Analyst in the Investment Bank at JP Morgan Chase & Co., gaining experience on a range of
Director 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.
Ms. Rice is a Vice President within Oaktree’s Global Principal Strategy. Since joining Oaktree in 2009, she has been
Amy Rice integral in leading the Group’s efforts in the healthcare and shipping sectors. Ms. Rice holds an AB degree in Biology
Director 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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7. Management Team
30 years of experience within the offshore industry - CEO of Consafe Offshore, various management
Peter Jacobsson positions at Safe Offshore, management positions at Subsea 7, Halliburton Subsea, Rockwater and
CEO
GVA
Nils Mårtensson 30 years of experience - Project Manager at Consafe Offshore, Project Manager at GVA on several
COO large offshore projects
N.N TBA
CFO
Jörgen Bengtsson 20 years of experience - Financial Manager at Consafe Offshore and PNB, management positions
Finance Manager within Skanska Group
Oskar Wahl 12 years experience in the offshore industry and shipping. Previous positions include: Safety Manager
Fleet Manager at Tarntank Rederi AB, Design Engineer Stability & Weight Control at GVA
30 years of experience within the shipping & offshore industry – Navy officer, Chief Engineer,
Claes Benson Superintendent Swedish maritime Administration, Superintendent OSM, Fleet Manager TransAtlantic
Technical Manager
and Operations Manager Consafe MSV
30 years of experience in the offshore and shipping industry. Previous positions include: Senior Vice
Per Darland President, Risk Management at Prosafe Production and Prosafe Offshore, as well as various senior
HSEQ Manager
management positions at Safe Service, Consafe/Safe Offshore and Kockums Shipyard, Sweden
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8. Floatel International Organisation
Location Employed Under recruitment
Gothenburg Head office - Sweden 31 9
Bergen Site Office - Norway 5 0
Macae Site office – Brazil 6 0
Floatel Victory Site office – Singapore/China 12 4
Floatel Superior – Marine Crew 93 -
Floatel Reliance – Marine Crew 82 -
TOTAL 229 13
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11. Floatel Superior - Delivered March 2010
Key Features
– Harsh Environment unit for worldwide operations
– 440 cabins, all single bed cabins
– 50 office work stations
– Approved free fall life boats and emergency shutes
– Workshop and warehouse facilities for construction support
– Deck area 2 200 m2
Floatel Superior alongside Oseberg Field Centre
– Payload 2 700 metric tonnes
– Offshore crane support
– Telescopic gangway 38m, +/- 7,5m
– Positioning systems:
o DP 3 positioning system
o 8 point mooring (8x2000m, 3” wire, MBL 490 MT)
o POSMOOR V ATA
Floatel Superior alongside Njord FPU, offshore Trondheim
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12. Floatel Reliance - Delivered October 2010
Key Features
– Medium harsh environment unit
– 500 bed accommodation capacity
– 50 office work stations for Company exclusive use
– 200% life saving capacity
Floatel Reliance alongside Cherne 1, Campos Basin
– 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
Floatel Reliance alongside P 50, an FPSO located in
Campos Basin
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13. Floatel Victory – Under construction
Delivery Nov 2013
Fixed price, turn key construction contract
Key Features
– 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
Floatel Victory, due for delivery Q4 2013
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14. Floatel Endurance – Under construction
Due for delivery January 2015
Fixed price, turn key construction contract
Key Features (Based on Floatel Superior design)
– Harsh Environment unit for worldwide operations
– 440 cabins, all single bed cabins
– 50 office work stations
– Approved free fall life boats and emergency shutes
– Workshop and warehouse facilities for construction support
– Deck area 2 200 m2
– Payload 2 700 metric tonnes
– Offshore crane support
– Telescopic gangway 38m, +/- 7,5m
– Positioning systems: Floatel Endurance, due for delivery Q1 2015
o DP 3 positioning system
o 10 point chain mooring system
o POSMOOR V ATA
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15. 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
Floatel Reliance, Campos Basin
