INDIAN OFFSHORE SERVICES Roadshow Lon 24 Jan... · •Platform design, ... •Riser Installation •Subsea piping & cabling •Pipe laying •Mature and ... Offshore Marine Logistics

OFFSHORE INDIA

Presentation by

Vijay Kantilal Sheth,

Great Offshore

Mumbai

EMPOWERING EXPLORATION

Disclaimer

OFFSHORE INDIAEMPOWERING EXPLORATION

IMPORTANT NOTICE

» Except for historical information, the statements made in this presentation

constitute forward looking statements. These include statements regarding the

intent, belief or current expectations of Great Offshore Limited (The Company)

and its management regarding the Company’s operations, strategic

directions, prospects and future results which involve certain risks and

uncertainties. Certain factors may cause actual results to differ materially from

those contained herein including change in market conditions, day rates, global

economic conditions, currency fluctuations, effects of competition etc…

» Whilst every effort has been made to ensure the veracity of information

contained herein, no guarantees of accuracy can be made, and the Company

assumes no responsibility for any errors and omissions.


1867

First Oil Discovery in Assam

1958

First gas and oil pools discovered in Gujarat and Punjab

1974

Giant field at Mumbai High discovered

1983

First Indian private sector offshore services commence operations

2002+

World Class Discoveries in KG Basic, Mahanadi and Cauvery Basins

India’s Hydrocarbon Timeline

0

5

10

15

20

25

30

2001 2002 2003 2004 2005

Discoveries 2001-2005

* Sources: ONGC, DGH, Govt of India


Offshore Services Climate

* Sources: DGH


Availability of Offshore Services

DRILLING

• Drilling

• Drilling Services

• Directional Driling

• Mud Engineering & Logging

• Cementing

• Well Testing & Completion

•Well logging, perforation, coring & fishing

MARINE LOGISTICS

• Platform Supply Vessels

• Anchor Handling / Towing

• Offshore Supply Vessels

• Survey / Integrated Vessels

• Specialised Vessels & Services

• Accommodation/Hookup Vessels

• Fire fighting support vessels

•Diving Support Vessels

PRODUCTION

• Production/Storage Systems

• Field Development

• Well Stimulation

• Engineering Services

CONSTRUCTION

• Platform design, fabrication & installation

• Platform re-engineering

• Subsea well engineering

• Riser Installation

• Subsea piping & cabling

• Pipe laying

• Mature and

experienced players.

• Fulfilling a wide range

of the support

requirements of the

upstream E&P

business

• Safety Driven

• Embracing the shift to

deeper waters with

state-of-the-art assets

and new technologies

• Proven partners for

all the E&P operators in

India


Offshore Drilling India 200740% of the presently deployed rig fleet is Indian owned and operated

9 newbuild rigs joining the Indian fleet before 2010 (capex > US$2B)

12

10

5

2 2 2 2 2 2 21 1 1 1 1 1

Type Nos

JACKUPS 33

FLOATERS 11

PLATFORM RIGS 3

TOTAL DRILLING UNITS 47

* Sources: Rigzone, Various


Leading Indian Drilling ContractorsA

BA

N G

RO

UP India’s Largest Private Sector

Drilling Contractor

Commenced operations 1989

Fleet:

•16 Jackup Rigs

•3 Drill Ships

•1 semisub offshore production unit

GR

EAT

OFF

SHO

RE India’s largest integrated

Offshore Service Provider

Commenced drilling operations 1987

Fleet:

•1 Jackup Rig

•1 Drill Barge

•1 Newbuild Jackup on order

•2 Newbuild 6th gen semisubs on order

JIN

DA

L D

RIL

LIN

G Offshore Drilling & Allied Services Provider


Fleet:

•2 inchartered jackups

•2 newbuild jackups on order

20 Rigs 5 Rigs 2 Rigs

• Industry leading safety and efficiency records• 20 years+ experience serving Indian and International E&P operators• Proven performers in drilling projects

* Sources: Company websites & press releases


Marine Logistics 2007-2008165 Vessels currently operating offshore India

AHTSV AHT PSV TUGS OSV / SV MSV UTILITY SURVEY FFSV SSV SUBSEA VESSEL

51

2

19 18

3 2 3 2 2 1

16

33

6

6 1

Spot Timecharter

•Fleet well orientated to the Indian offshore environment

• Acquistory trend is towards higher end vessels in support of deeper water programs

• Broad spectrum asset classes equipped with latest technologies

• > 60% of the presently deployed offshore marine fleet owned and operated by Indian companies

* Sources: Clarksons, ODS


Marine Logistics India 2007-2008Major contractors fleet comparison

0

5

10

15

20

25

30

35

40

Great Offshore SCI Garware Offshore Tag Sea Logistics Varun Shipping Greatship India

39

107 6

4 4


GR

EAT

OFF

SHO

RE

India’s Largest Integrated Offshore Service Provider

Commenced vessel operations 1983

Fleet:

•3 AHTs

•12 AHTSVs

•2 FFSVs

•7 PSVs

•11 TUGs

•1 OSV

•1 MSV (+1 on Order)

•2 CONSTRUCTION VESSELS

SCI

India’s State Owned Shipping Company


Fleet:

•10 AHTSV (+4 on order)

GA

RW

AR

E O

FFSH

OR

E


Fleet:

•4 AHTSVs (+2 on order)

•3 PSVs (+2 on order)

•1 Accommodation Barge

Leading Offshore Marine Service Providers

39 Vessels 10 Vessels 8 Vessels

• World class asset base proven in India and Internationally• Aggressive expansion programs well under way to meet the E&P requirements• Fleet expansion program industry wide capex commitments of US$1.5B+

* Sources: Company websites


INDIA’S LEADING OFFSHORE SERVICES PROVIDER

Enterprise ● Energy ● Endurance


•Exploratory Drilling, Re-entry & Reactivation, Workovers

•Deepest well drilled 4,991m – Longest horizontal section 1,400m

•Jackup downtime <0.5% over last seven yearsOffshore Drilling

•Production Support, Towing, Rig positioning, Diving Support (air & sat), Personnel/Materials Supply, Mooring, Emergency Response, Rescue, Firefighting, Subsea operations support

Offshore Marine Logistics

•Hookup & modification, Installation, Structural Maintenance, Structural Repairs, Marine Growth Removal, Inspection, Riser Installation & Repair, Engineering Design, HarbourConstruction Support, sub-sea pipeline & cable tie-ins, pipeline repair, pile driving, SBM installation, clamp-ons, jacket and riser fabrications, topside projects.

Marine Construction

•Berthing / Unberthing, Towing of vessels, Emergency Response, Fire fighting duties, Port Standby dutiesPort / Terminal Support

Great OffshoreIndia’s largest Offshore Service Provider


Committed

•25 years in the offshore business – from the start of the Indian private sector offshore industry in 1983, Great Offshore has always been at the leading edge of offshore services in India.

Experienced

•More than 500 successfully executed contracts

•Recipient of more safety awards than any other Indian offshore company

Distributed

•Operations in India, Middle East, Far East, North Sea, West Africa and South Africa

Integrated

•Bringing together a diverse spectrum of assets and skills to deliver premium, packaged offshore solutions

Great OffshoreProven performer


FIR

ST First private sector Indian Offshore Services Business (1982)

First Indian Supply Vessel (1983)

First Indian construction barge (1994)

First Indian private sector operator of Harbour Tugs (1994)

FIR

ST First Indian Offshore Company to operate in Far East (1995)

First Indian clamp-on project pioneering the installation of enhanced oil recovery systems (1997)

First Indian PSV Ordered (2000)

First Indian company to operate in Qatar (2001)

FIR

ST First Indian company to operate in the North Sea (2002)

First Indian Offshore Services company to enter the aviation logistics business (2002)

Designed and took delivery of India’s first Fire Fighting Support Vessel FFSV (2006)

Great OffshoreLeading the way


Growing Opportunities for Service Providers


Growth Drivers:• Large scale survey demand • High intensity exploratory drilling programs• Deeper waters, fresh challenges• Increased demand for production systems (floating , fixed & subsea)• Oilfield revamping, re-engineering requirements• Booming economy• Energy Security high on Government agenda• Subsea technologies in high demand• Huge demand for drilling support services & consumables• Favourable tonnage tax regime

Alliance / Partnership opportunities:• Indian offshore companies quick to absorb technologies• Large & technically sophisticated talent pool available• Alliance / Partnership provides extremely low cost of entry into the market• Govt. supportive and encouraging of International collaborative relationships• Indian offshore companies ready and willing to explore new horizons


Conclusion


• NELP has stimulated a huge amount of upstream work which will escalate significantly over the coming 6 years.

• The shift to deeper waters and more challenging exploration environments creates opportunities for International companies to partner with Indian offshore service providers in capitalising this requirement effectively.

• The Indian investment landscape is highly attractive to foreign partners wishing to enter.

• The low risk – high return scenario in India’s E&P sector is set to attract large FDI inflows over the coming years.

• Indian offshore service providers ready to partner international E&P companies in developing opportunities under NELP VII

• India has been hailed as the “New North Sea” and is now firmly on the world map as one of the largest comparatively untapped sedimentary resources in the world.



Documents

INDIAN OFFSHORE SERVICES Roadshow Lon 24 Jan... · •Platform design, ... •Riser Installation •Subsea piping & cabling •Pipe laying •Mature and ... Offshore Marine Logistics