il Castorone la più avanzata nave posatubi al mondo: acquisti e logistica Paolo Daleffe Armando Favi

Castorone concentration of technologies and efficiency, Castorone is designed for high productivity pipe laying of large diameter trunklines in shallow to ultra-deep water beyond 3,000m also in extreme environments Titolo presentazione luogo presentazione 2

Castorone comparison of two generations how the new flagship Castorone compares in size with predecessor Castoro Sei Titolo presentazione luogo presentazione 3

Castorone as big as an aircraft carrier Titolo presentazione luogo presentazione 4

Castorone market drivers the market of flowlines and large trunklines is in espansion especially in deep water: 25% of 21.000 km planned in the next 4 years will be in more than 500m wd in the next years many projects will challenge the industry with large dimensions and harsh environment, including arctic conditions Saipem s target projects: crossings of Black Sea and Mediterranean, trunklines and deep water field developments in Gulf of Mexico, South Atlantic, Asia Pacific and Russia Castorone with his outstanding productivity meets the future market requirements in a vaste range of scenarios, reducing project schedule and risks and improving the client s economics Titolo presentazione luogo presentazione 5

Castorone unique technical features Much higher productivities in S-lay and J-lay modes (36m pipe strings, 20,000t pipe storage capacity) 25% productivity increase in Nord Stream-type situation better use of seasonal windows limited weather standby lower overall project cost Much broader application range with significantly improved flexibility From ultra-deep to shallow waters, also in S-lay, by simply adapting stinger configuration (advanced control system) Advanced weather capabilities Fast moving dynamic positioning capability On-board switch from S- to J-lay to suit route and depth - one vessel only for the entire project In line installation of large/heavy structures Titolo presentazione luogo presentazione 6

Castorone portfolio of orders First Projects with Castorone, all in high productivity S-lay mode Committed until early 2015 Castoro lay barge, Saipem s first offshore construction vessel, a converted oil tanker (1966) Walker Ridge Export Pipeline, GoM (Chevron) Max 2,140 m wd Big Foot Oil Export Lateral Pipeline, GoM (Enbridge) Max 2,200 m wd Keathley Canyon Export Pipeline, GoM (Williams) Max 2,100 m wd Tupi NE - Cabiunas Trunkline, Brazil (Petrobras) Max 2,230 m wd Gas Export Pipeline for Ichthys LNG Project, Australia (Inpex) 550 miles, 42, max 275 m wd Titolo presentazione luogo presentazione 7

3000 feet water depth Castorone Walker Ridge high versatility: from ultra deep waters the debut: Walker Ridge project for Chevron - 219 km, 24in, in 2.140 m water depth Titolo presentazione luogo presentazione 8

Castorone - Ichthys to shallow water, long distance and large diameter in Australia the EPCI contract with Impex for the 889 km, 42in trunkline in max 275 m wd from the Ichthys production platform to the onshore LNG plant in Darwin Titolo presentazione luogo presentazione 9

Castorone the Italian content main innovative systems conceived by Saipem and built in Italy Navalimpianti Genoa: Righini Ravenna: pipe handling and storage systems triple joint prefabrication plant Goriziane Villesse (GO): firing line machines telescopic linkage ramp Remacut Rivoli (TO): Remazel Bergamo: Redaelli Milan: tensioners (3 x 250 t) jacking system A/R and DMA winches A/R cable Titolo presentazione luogo presentazione 10

Castorone the triple joint pre-fabrication plant Titolo presentazione luogo presentazione 11

Castorone the laying ramp Titolo presentazione luogo presentazione 12

Castorone Purchasing for Materials and Vessel Equipment In excess of 600 purchase orders in 16 countries Share of value Share of orders Italy 69% 47% Netherlands 16% 5% Finland 7% 2% South Korea 2% 1% China 2% 2% Germany 2% 2% Others 2% 41% The core equipment has been purchased in Italy, involving a significant effort in research and technology development, by coengineering with key suppliers. Titolo presentazione luogo presentazione 13

CASTORONE Transports management 1. First phase strategy: shipyard YANTAI RAFFLES, China First phase has been focused on main structural works from keel laying to hull and main structures fabrication. During this phase transportation has been managed as per standard Onshore Project freight forwarding philosophy: one Frame Agreement awarded to one single subcontractor on a competitive basis to cover the whole range of shipments. 2. Second phase strategy: shipyard KEPPEL, Singapore The Vessel has been towed to Singapore, where the completion of naval shipbuilding works and equipment outfitting has been carried out. In order to minimize time & costs, reduce interfaces and mainly improve risk management, it has been decided to issue a dedicated tender for the transport of main bulky Items liaising directly with Owners. Notwithstanding this medium and smaller size equipment have been anyway managed through existing frame agreements: shipments by sea of normal cargo and by air have been arranged through general frame agreements. shipments by sea of OS/OW have been arranged through specific Transport Contracts (BIMCO Gencon 94, Heavycon 2007 and Heavyliftoy 2009) awarded straight to Ship Owners. Titolo presentazione luogo presentazione 14

CASTORONE OS/OW transport management Main transports managed through Transport Contract awarded to Owners 1. Redaelli Steel Wire Ropes from Trieste port to Singapore World s heaviest rope 2. Remacut Stinger Jacking System from Marghera port to Singapore dim of pieces up to m 53,35x 4x5,2 3. Remazel DMA Winch from Trieste port to Singapore transhipment from barge to Ocean Vessel Titolo presentazione luogo presentazione 15

CASTORONE OS/OW transport management Main transports managed through Transport Contract awarded to Owners 1. STINGER RAMPS shipment from Rotterdam to Singapore about 22.630,00 freight units Direct urgent delivery to Singapore high level of criticality due to all the issues mainly related to (a) loading activities at manufacturer premises (b) direct unloading of the ramps from ocean going vessel to Castorone during her dry dock in Singapore Titolo presentazione luogo presentazione 16

CASTORONE OS/OW transport management Main transports managed throught closed Transport Contract to Shiponwners STINGER RAMPS shipment from Rotterdam to Singapore Loading from manufacturer quay onto barges with floating crane Matador 3 Titolo presentazione luogo presentazione 17

CASTORONE OS/OW transport management Main transports managed throught closed Transport Contract to Shiponwners STINGER RAMPS shipment from Rotterdam to Singapore Transhipment to Rotterdam port by barge Titolo presentazione luogo presentazione 18

CASTORONE OS/OW transport management Main transports managed throught closed Transport Contract to Shiponwners STINGER RAMPS shipment from Rotterdam to Singapore Loading from barges onto ocean vessel with floating crane Matador 3 Titolo presentazione luogo presentazione 19

CASTORONE OS/OW transport management Main transports managed throught closed Transport Contract to Shiponwners STINGER RAMPS shipment from Rotterdam to Singapore Ready for sailing to Singapore Titolo presentazione luogo presentazione 20

Castorone stinger ramps at arrival in Singapore Titolo presentazione luogo presentazione 21

Castorone inaugurated in Singapore on september 9, 2012, will start operations in the GoM in March 2013 Titolo presentazione luogo presentazione 26