PROJECT MANAGEMENT SERVICES

PROJECT MANAGEMENT SERVICES

OUR MISSION The Rig Masters mission is to use our experience, knowledge and expertise to become the FIRST CHOICE provider of the following services to the Oil & Gas industry: Management Rig Masters acknowledges this can only be achieved by having dedicated teams who are able to integrate at all levels, keep safety as a top priority, have the experience and knowledge in their particular field and can demonstrate value to the client. QUALITY STATEMENT With offices in strategic locations, Rig Masters specializes in providing Project Management Services, Surveys & Inspections for Mobile Offshore Drilling Units, Land Rigs, Liftboats and vessels worldwide. and repairs of Mobile Offshore Drilling Units from concept development through completion Rig Masters has experience and expertise in all areas of Rig Building and Rig Modification and is THE FIRST CHOICE in providing consultancy services for Rig Construction and Modifications. FD VII FOR LYNEMOUTH DRILLING LTD. Rig Masters has developed a series of Management and Operational procedures to ensure that the Company business is carried out uniformly in regards to safety, quality and efficiency to obtain best practice outcomes in all areas of operations. Rig Masters Quality System is based on the requirements of International Standards and has been certified by BM TRADA. BEFORE AFTER

Corporate Profile With offices in the UAE, Singapore and Malaysia, Rig Masters specializes in turn key solutions for new construction, upgrades, repairs and refurbishment of MODUs, platforms and marine equipment. We provide a full spectrum of services from concept development through final design, fabrication, logistical support, installation and regulatory approval. conversions, variable load enhancements, and conversion of units from drilling to production or barges, liftboats and posted barges. We design, install and/or modify drilling systems, install We have designed drilling support systems and installed OFE/BFE drilling equipment, including a complete drill floor structure for both conventional and coiled tubing operations. Our staff has broad experience in new construction and repair, drilling systems based on hands on operating experience, and regulatory compliance. a member of the American Bureau of Shipping MODU committee for over a decade and is one of the original members of the ABS Ad Hoc Liftboat Committee. HEALTH, SAFETY & ENVIRONMENT STATEMENT HEALTH Rig Masters seeks to conduct its activities in such a way as to ensure that the health of its employees, contractors and third party personnel is maintained, the company will continually update and implement measures to achieve this. SAFETY is committed to maintaining safe working practices to reduce the risk of this. Rig Masters will continuously review safety practices and equipment to ensure improvements are maintained. ENVIRONMENTAL Rig Masters will endeavour to ensure that unplanned losses are not incurred complied with to reduce emissions and waste which could be detrimental to the environment. Coast Guard. Rig Masters is also an associate member of the IADC and TRACE International. We handle preparation and submittal of structural calculations, stability analyses and drawings as well as provide the necessary technical liaison with the appropriate authorities for design review and approval. Through its professional affiliations and its expanding experience base with international contractors, Rig Masters stays current on rig construction and operational requirements.

CONCEPTION TO COMPLETION STAGE 1 Shipyard Selection and Auditing These stages involve: Meet with owners to discuss and agree owners requirement and performance criteria. Technical review of yards construction specification, standards, facilities and track record. Commercial and technical review of the tenders received. Consult with the owner on shortlisting the yards. Post short listing of yards, RM will perform detailed audit on key aspects like technology, management experience and capability, quality control procedures, weather delays and working conditions, facilities support STAGE 2 Shipyard Contract Agreement RM will assist with negotiations with the short listed yards, participate with the owners in yard selection, review and comment on the contract, specification and drawings. meeting with yard and owner PMT to: in shipyards production program, inspection, and acceptance procedures. delivery schedule, main suppliers, vendors or subcontractors. the quality assurance and quality control requirements. attendance for test/ trial. engineering schedule and man loading. STAGE 3 Plan Approval RM will help review the yard s detailed specifications and initial drawings to ensure all the requirements of the Owner, Class, Flag and applicable regulatory bodies are complied with. approval team: Structural, Naval Architect, Mechanical / Marine, Electrical & Instrumentation, Drilling Systems and Regulatory. for drawing approval and technical queries. drawings, schedule and shipbuilding standards. report to owner. STAGE 4 Shipyard Construction Supervision RM will establish procedures to reinforce team building approach with the yard. specific procedures for all phases of fabrication and painting, document control, mechanical completion, testing & commissioning and endurance trials. for each discipline as required. vendors. examine all work being carried out by shipyard, witness tests and conduct quality assurance system audits. owner of any defects or items of noncompliance. contract price and delivery. PROJECT MANAGEMENT CONSULTANCY Rig Masters is the FIRST CHOICE for Project Management Services in rig construction and upgrades. This makes us the Consultancy Services. Stakeholder and will plan all activities towards the No other Project Management Company can offer so much practical engineering and design experience. With its strong management team and successful track record, Rig Masters has the proven experience anywhere in the world. No other company can offer the same level of comprehensive services from start to finish. The Rig Masters PM team represents the Rig Owner in the shipyard and forms close working relationships with all parties Bodies, Vendors and Equipment Providers.

OTHER SERVICES Rig Masters specializes in providing all services related to Design, Construction, Operation or Maintenance for all types of offshore or onshore Drilling Units. In addition to our core business Shipyard Advisory Service We have advised several shipyard owners worldwide on how best to arrange their shipyard facilities with a view to construction of offshore drilling rigs. Regulatory & Class Advisors We are the Regulatory and Class advisor for an Oil Sea Field Development. Appendices: Key Projects Implemented Land Rig Modifications we have engineered & modified land drilling rig substructures to accept larger size BOP stacks. Ocean Transportation Rig Masters has organized several Dry Ocean Tows of MODU and MODU's to various shipyards worldwide. Support Barges Rig Masters has carried out unit conversions from Tender Assist Drilling Barges to Ware House Barges. Audits and Inspections Our Inspection and Audit services cover all types of drilling rig and service vessel, and can be modified to suit the purpose required by the client.

Appendices: Key Projects Implemented Rig/Operator: Energy Producer 5 & Energy Producer 6 Rig/Operator: B312 / Highway Investment Processing Project: mobilizing both to SE Asia, shipyard selection and management of the shipyard repairs, upgrades and conversion from drilling to Mobile Offshore Production Units. Rig Masters provided complete technical support including all structural and stability analyses, change of Class from ABS to Bureau Veritas and Flag State requirements. Keppel Fels Mod B Project: Keppel B Class rig purchased by the Ukrainians. The legs and derrick were partially removed to allow transit under the bridges in the Bosporus Straights. Rig Masters provided a site team to monitor the activities on the KFELS provided construction team to reinstall the legs and derrick. Rig/Operator: Various Friede & Goldman Project: and modified the construction specifications, defined equipment requirements, and assisted the yard in developing all of the drilling and service systems, the build strategy and plan, testing and commissioning procedures, etc. We are also involved in procurement activities. Rig/Operator: Gulf 3/Gulf Drilling International LeTourneau Project: up drilling rig. As a MOPU, all of the drilling equipment had been removed and the machinery spaces modified. Rig Masters provided a 8 and helped source equipment, advised on regulatory compliance everything from start through final commissioning. Rig/Operator: AD 22/Arabian Drilling Company through final commissioning. Baker Marine Project: was completed within the estimated time frame and below the original budget. Rig/Operator: BIMA/Schlumberger IPM MSC Project: Bima is a 4 legged Multi Purpose Service Vessel designed for operations in S E Asia. After 4 years in service, cracks in the legs were repairs plus rig modifications. We supervised a detailed failure analysis to determine the cause of the weld failures. We also directed an no shutdown. Bima is still in service. Rig/Operator: PRIDE MONTANA/Pride International Hitachi Project: Installation of three leg sections, approximately 67 ft. long each. Due to crane limits in the shipyard, we first cut the existing sections in two pieces resulting in 6 sections of leg to be erected. We fabricated and installed the skid frames for the leg installation and Rig/Operator: DEEPWATER NAUTILUS/R&B Falcon Project: including the interconnecting piping. For a more detailed project list, go to www.rigmasters.com TRACE International Inc. (TRACE) has successfully completed a TRACE Standard due diligence review of Rig Masters FZC. TRACE granted Rig Masters FZC a certificate of membership signifying the company s commitment to transparency in international commercial transactions. For more information on major projects log on to www.rigmasters.com

Email: info@rigmasters.com Web: www.rigmasters.com No. 3 Jalan Permas Utara Bandar Baru Permas Jaya Johor Bahru Malaysia