BW Offshore Strong contracted EBITDA growth 10 September 2008
BW Offshore overview Top tier player within floating production Strong global position Extensive in-house engineering, project management and operation capabilities 1,200 employees Three business areas Floating production (FPSO)…
Recent highlights Strong order intake Awarded LoI for FPSO in Australia Awarded LoA for BTL system in Angola Awarded three major installation campaigns Conversions on track No significant deviations to plan FPSO BW Carmen on…
All conversions on track BW Cidade de Sao Vicente (Petrobras) Tupi/Brazil Start up first half 2009 Ex BW Peace BW Pioneer (Petrobras) Chinook Cascade/US GoM Start up first quarter 2010 BW Endeavour (Anzon) BMG/Australia Start up…
Focus on project execution Proven project execution model Experience transferred from project to project In-house technology for mooring and turret/swivel systems Key positions managed by in-house staff Operational experience…
Technology and Installation Services 10 September 2008 9
Technology contract overview From contract award to delivery Installation, commissioning until production start 10 September 2008 10
Surging demand for LNG terminals BW Offshore/APL has established the standard for offshore LNG terminals Typical project scope Two buoys Installation Two - four ship sets Two projects completed Land-based conventional terminal…
Achievements Key business targets already met Win one large FPSO contract in 2008 Secure USD 500 million order intake for technology Secure three installation campaigns for 2009 Profitable sale of Prosafe shares Refinance corporate…
Strong and visible FPSO demand 35 30 25 Other 20 TLP Spar 15 Semi FSO FPSO 10 5 0 2009e 2010e 2011e 2012e Year of installation Source: ODS-Petrodata 10 September 2008 13
Strong contracted EBITDA growth Floating production: Doubling FPSO fleet New FPSOs add USD 150-200 million in annual EBITDA from 2009/10 BW Cidade de Sao Vicente (Petrobras) BW Pioneer (Petrobras) BW Endeavour (Anzon) Technology…
Positioned for the future Complete service offering FPSO Oil LPG - LNG World class mooring technology Terminals and transfer systems Installation Solutions driven Total risk control Presence in all markets 10 September…