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OSUN IN BRIEF

Dec 2017

http://www.osuneng.co.kr

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Business Overview - OSUN Engineering Co. Ltd.

3AGENDA

• History & Organization

• Business Area&

• Field of Activities

• Partners&

• Key Projects

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OSUN’s Growth History• Feb 2016 Contracted TOR CDU Expansion Project in Ghana (EPC, including FEED)

• Feb 2016 Performed PMC work for Seosan No.2 Battery Factory of SK Energy

• Feb 2014 Performed Engineering Support for Akkas Gas Field Project of KOGAS

• Sep 2011 Established branch office in Abu Dhabi, UAE

• Nov 2010 Awarded for grand prize in green energy project of Korea

• Sep 2008 Acquired EN ISO 9001 certificate

• Sep 2006 Awarded for Industrial Medallion from Korean government

• Feb 2006 Established corporate R&D center

• Feb 2001 Opened Ulsan office in SK Energy Ulsan Complex

• May 2000 Established OSUN Engineering Co., Ltd.

• May 2005 Registered as a qualified contractor in engineering for KOGAS-Tech

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Organization

R& D Center

Human ResourcesGeneral Affairs

Financing & Accounting

CEO

Engineering ManagementProcess

MechanicalPiping

Site ManagersDiscipline Site Supervision

Quality ControlHSE

Commissioning SupervisionElectricalInstrument & Control

Civil / Architecture

Project Management/Control Group

Project LeadersProcurement

ContractsSchedule Control

Engineering Group ConstructionManagement Group

Advisor

Management Support

COO

Cost Control

6OSUN’s Business Area

Project ManagementConsultancy

Engineering &

Procurement Service

ConstructionManagement

Lender’s Technical

Assistance

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Field of Activities

Oil Refinery

Petrochemical Plant

Thermal Power Generation Plant

Combined Heat and Power Generation Plant

Industrial Plant

Offsite Facilities and Utilities

Oil & Gas Plant

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Scope of Services

Project Front End Development & Consulting

Client Project & Program Management

Basic Engineering Studies – Process Option & Evaluation

Engineering Package Development

Procurement Services

Construction Management

Commissioning Supervision

Feasibility Study

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Executive ProfileY. S. Min, Chief Executive Officer

- Bachelor in Civil Engineering- Served in the marine and infrastructure industry for over 40 years- Worked for Lotte Construction and SK Corp. for 25 years before

founding OSUN in year 2000.- Engaged in major development and construction of marine and jetty

construction for loading and unloading crude oil, petroleum productsand overseas civil construction project in Saudi Arabia

- Awarded Presidential Medal from Government for Corporate Green Energy Project Contribution

R. D. Lee, Chief Operating Officer- Bachelor in Mechanical Engineering- Served in engineering and construction industry for over 40 years- Worked for SK Engineering & Construction, and Samsung C & T in

the field of oil & gas, power and renewable energy projects - Served as project leader by implementing various chemical, industry

and renewable energy projects in Kuwait, Saudi Arabia, UAE, Ghana, Thailand and Canada

- Joined OSUN in 2015 to enhance corporate project management consultancy business for overseas projects

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Executive ProfileS. K. Jeon, Executive Vice President, Head of Power Plant CM

- Bachelor in Civil Engineering- Served in civil construction industry for various industrial projects

for over 30 years- Engaged in construction management for power generation

projects, offshore projects, bridge and other major civil projects- Joined OSUN in 2003 as vice president responsible for project

management consultancy business for power generation andindustrial projects

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J. S. Lim, Vice President, Project Operation - Master in Mechanical Engineering-

- Began his engineering carrier in 1984 when working for SK Engineering & Construction

- Worked as piping engineer in various domestic and international oil & gas related projects

- With successful track records in engineering management, began project manager & director career for overseas projects

- Joined OSUN in 2015 as vice president to lead project operation for project management consultancy services

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Clients and Business Partners

12Key Project Executed (1)

Project Name : TOR CDU Expansion Project

Client : Tema Oil Refinery (Tema, Ghana) Period : Nov 2016 ~ Dec 2018 Facilities : Crude Column Trays / Heat Exchangers

Centrifugal Pumps / Condensers / Desalters / Air Coolers

Project Summary : Increasing the capacity of the CDU from 45,000 to 65,000 BPSD.

Service : - Feasibility Study- FEED (Front End Engineering Design)- Detail Design and Engineering- Procurement- Construction (Consortium)

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Client : KOGAS Akkas B.V. (Akkas Gas Field, Iraq) Period : Apr 2014 ~ Oct 2014 Total Engineering Man-hour : 12,000

Service : - Review of all engineering deliverables - Evaluate quality and constructability of the detail design - Peer reviews and report to identify the main technical, environmental, safety and commercial risks.

- Template for engineering supports for Company’s activities, performance andinstruction toward Engineering contractor

- Provision of engineering support for 9 disciplines such as process, mechanical, piping & pipeline, electrical, instrument & control, firefighting,HVAC and water treatment

Project Name : Akkas Gas Development Project

Key Project Executed (2)

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Project Name : VRU & BLS(Vapor Recovery Unit & Bottom Loading System)

Client : SK Energy(Gwangju, Jeonju, Masan Oil Terminal) Period : Apr 2014 ~ Feb 2015 Facilities : VOC Recovery Package (320 KL/H × 3)

Bottom Loading Facilities

Total Engineering Man-hour : 15,000

Service : - Preparation of Plot Plan, PFD and P&ID- Basic & Detail Design (Process, Civil, Electrical, Instrument & Piping)

- Procurement Service- Technical Bid Evaluation- Commissioning Supervision

Key Project Executed (3)

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Project Name : No.5 Crude Distillation Unit Revamp

Client : SK Energy (SK Ulsan Complex) Period : Sep 2012 ~ Feb 2013

Facilities : Crude Distillation Column (260 320 MBPD)Side Stripper Column, Splitter Column, Stabilizer ColumnHeat Exchanger Network,.. Etc.

Total Engineering Man-hour : 10,000

Service : Process Design (Front-End Engineering)- Process Simulation (HYSYS)- Heat Exchanger Rating (HTRI, HTFS) - Exchanger Fouling Factor Summary- Hydraulic Calculation

Key Project Executed (4)

16Key Project Executed (5)

Project Name : Spent Caustic Treatment Unit

Client : SK Innovation (Jurong Aromatic Complex, Singapore) Period : Jan 2012 ~ Jun 2013 Facilities : Air Compressor Package / Oxidation Reactor Section

DNU Package / Chemical Pump Package High Pressure Pump Package / Heat Exchanger PackageSeparator / Scrubber

Total Engineering Man-hour : 23,000 Service :

- Process Design Review(Licensor Design Development)- Detail Design (Piping, Civil, Electrical, Instrumentation)

- 3D Design (PDS) - Procurement Service

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Project Name : Lube Oil Plant Capacity Expansion

Client : SK Lubricants(SK Ulsan Complex) Period : Dec 2010 ~ May 2012 Facilities : Lube Base Oil Storage Tank (93,000 BBL)

Additive Storage Tank (5,300 BBL)Metering Station / Filler PackageBatch Blender (4,700 BBL)Truck Loading/Unloading Station

Total Engineering Man-hour : 35,000 Service :

- Process Design (BDP)- Detail Design (Piping, Civil, Electrical, Instrumentation, Control Building, Fire Fighting)

- Local Government Approval - Procurement Service

Key Project Executed (6)

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Project Name Client Work Scope Location Working Period(yy.mm.dd)

Cheonan Tank Re-Arrange Project Daehan Oil Pipeline Corporation DE Cheonan 17.08.16~17.10.24

59.0km point(from Ulsan) YKP Relocation Daehan Oil Pipeline Corporation DE Ulsan 17.07.28~17.10.31

Hanhwa NH3 Pipeline Installation Seil Engineering DE Incheon 17.06.27~17.10.31

22.7km point(from Ulsan) Pipeline Relocation SK Energy DE Ulsan 17.04.26~17.08.30

22.6km point(from Ulsan) Pipeline Relocation SK Energy DE Ulsan 17.03.15~17.06.30

QTL HFO Pipeline Quantum Terminals Limited BD, DE Tema, Ghana 17.02.11~17.04.20

20.7km point(from Ulsan) Pipeline Relocation SK Energy DE Ulsan 17.01.13~17.10.31

TOR WWT Revamping Feasibility Study Tema Oil Refinery FS Tema, Ghana 16.12.01~17.08.30

NO.5 New SBM SK E&C DE Ulsan 16.11.28~17.12.30

TOR CDU Expansion Project Tema Oil Refinery EPC Tema, Ghana 16.11.24~18.12.20

※ Legend : ① FS = Feasibility Study ② BD = Basic Design ③ DE = Detailed Design④ PS = Procurement Service ⑤ CM = Construction Management ⑥ ES = Engineering Service⑦ PMC = Project Management & Consultancy ⑧ EPC = Engineering & Procurement & Construction

Chemical Plant and Utility

Recent 5 Years Experiences

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Project Name Client Work Scope Location Working Period(yy.mm.dd)

Seosan 2nd Battery Producing Factory Construction SK Innovation PMC Seosan 16.11.14~18.02.28

NCC Flare System Improvement-1 SK Chemical BD, DE Ulsan 16.10.28~17.07.31

NCC Flare System Improvement-2 (NCC PGC Heat Exchanger) SK Chemical BD, DE Ulsan 16.10.28~17.05.31

No.5 CDU Horizontal Heat Exchanger Installation SK Energy BD, DE Ulsan 16.10.21~17.07.31

Pyeontaek High Sulfer Butane Injection Facility SK Gas BD, DE Pyeongtaek 16.09.30~16.12.30

58km point(from Ulsan) Pipeline Relocation SK Energy BD, DE Ulsan 16.07.13~17.12.31

New Grease Horizontal Tank SK Lubricants DE Ulsan 16.06.22~16.12.30

Kyeongin Oil Pipeline Relocation SK Energy BD, DE Incheon 16.04.01~16.05.31

Pyeongtaek C4 Shipping Technical Review SK Gas BD Pyeongtaek 16.04.01~16.04.22

Deokyang P-PROJECT(PDH) New Pipeline SK E&C Detail Design Deokyang 16.02.29~16.12.31

※ Legend : ① FS = Feasibility Study ② BD = Basic Design ③ DE = Detailed Design④ PS = Procurement Service ⑤ CM = Construction Management ⑥ ES = Engineering Service⑦ PMC = Project Management & Consultancy

Chemical Plant and Utility

Recent 5 Years Experiences

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Project Name Client Work Scope Location Working Period(yy.mm.dd)

Pyeongtaek P&ID Revision SK Gas BD Pyeongtaek 15.11.16~15.12.15

SK Grease Plant Revamp SK Lubricants FS Ulsan 15.10.14~16.01.15

Choopoongryung Sump Tank Installation Daehan Oil Pipeline Corporation BD Choopoongryung/Gokseong 15.08.24~15.09.28

43km point(from Ulsan) Pipeline Protection SK Energy BD Ulsan 15.03.30~16.12.15

Unit Price Contract of Detail Design SK Incheon Petro-Chemical DD Incheon 13.08.27~15.11.26

Relocation of SK Energy Oil Terminal SK Energy BD, DE, PS Masan 15.04.29~15.12.31

Study of C4 Loading System improvement SK Gas ES Pyeongtaek 15.04.14~15.05.15

Relocation of SK Energy KIP SK Energy DE Incheon 15.04.17~15.07.31

SK Gas Pyeongtaek Plant P&ID R25 Revision SK Gas DE Pyeongtaek 14.11.14~14.12.22

Relocation of SK Energy 81.0km pipeline SK Energy DE Kyeongsan 14.10.06~15.05.31

Chemical Plant and Utility

Recent 5 Years Experiences

※ Legend : ① FS = Feasibility Study ② BD = Basic Design ③ DE = Detailed Design④ PS = Procurement Service ⑤ CM = Construction Management ⑥ ES = Engineering Service⑦ PMC = Project Management & Consultancy

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Project Name Client Work Scope Location Working Period(yy.mm.dd)

SK Innovation V-Project BOM Inspection SK IncheonPetrochemical ES Incheon 14.08.18~14.12.31

Akkas Gas field Project KOGAS Akkas ES Akkas, Iraq 14.04.07~14.10.31

Vapor Recovery Revamping Project SK Energy BD, DE, PS Gwangju, Jeonju,Masan 14.04.07~14.10.31

Feasibility Study for Grease Plant Relocation Project SK Innovation FS Ulsan 14.02.24~14.03.31

P-Project(PDH) FEED(OSB) SK Energy BD Ulsan 14.02.14~15.11.30

Relocation of Kyeongin Long Distance Pipeline SK Energy DE Incheon 13.12.05~14.04.30

Kuwait KNPC FCC Revamp Daelim DE Kuwait 13.11.15~14.08.31

Relocation of Kyeongin Long Distance Pipeline SK Energy DE Incheon 13.11.04~13.11.30

Jurong Aromatic Complex Project SK Singapore DE Singapore 13.09.03~13.10.31

Proposal BM for Russia ZapSib-2 Daelim DE Russia 13.09.01~13.10.31

Chemical Plant and Utility

Recent 5 Years Experiences

※ Legend : ① FS = Feasibility Study ② BD = Basic Design ③ DE = Detailed Design④ PS = Procurement Service ⑤ CM = Construction Management ⑥ ES = Engineering Service⑦ PMC = Project Management & Consultancy

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Project Name Client Work Scope Location Working Period(yy.mm.dd)

Design service for Incheon CLX SKIPC DE Incheon 13.08.27~15.08.26

P-Project(PDH) FEED(OSB) SK Energy DE Ulsan 13.08.01~13.12.24

VLCC Facility SK Energy DE Incheon 13.07.30~14.02.28

V-Project OBL 1 (Exisiting Facility Revamp) SK Energy DE Incheon 13.07.30~13.12.31

Relocation of Kyeongin Long Distance Pipeline SK Energy DE Incheon 13.06.01~13.07.31

Proposal BM for Saudi Arabia Ras PKG1&2 Daelim DE Saudi Arabia 13.05.29~13.08.31

V-Projet Electrical construction SK Energy DE Incheon 13.04.25~14.04.24

Relocation of YKP SK Energy DE Daegu 13.03.07~13.06.20

New PX Project Ulsan Aromatics DE Ulsan 13.03.01~14.04.24

Lubricants Blending Unit Revamping Phase2 SK Lubiracants DE Ulsan 13.01.28~13.03.31

Chemical Plant and Utility

Recent 5 Years Experiences

※ Legend : ① FS = Feasibility Study ② BD = Basic Design ③ DE = Detailed Design④ PS = Procurement Service ⑤ CM = Construction Management ⑥ ES = Engineering Service⑦ PMC = Project Management & Consultancy

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