DOLPHIN OFFSHOREDOLPHIN OFFSHOREENTERPRISES (India) LIMITEDENTERPRISES (India) LIMITED

30 Years of Integrated Services to the Oil & Gas industry

““Dolphin Offshore Enterprises (India) Ltd will Dolphin Offshore Enterprises (India) Ltd will become a global provider of integrated services become a global provider of integrated services to the oil & gas industry, with a diversified to the oil & gas industry, with a diversified portfolio for undertaking turnkey projects portfolio for undertaking turnkey projects involving Underwater, Marine & Offshore involving Underwater, Marine & Offshore Construction. We will harness our knowledge Construction. We will harness our knowledge and energy to provide world class quality, and energy to provide world class quality, safety and environmental standards. We will safety and environmental standards. We will constantly upgrade procedures, skills, systems constantly upgrade procedures, skills, systems and technology to create greater value for our and technology to create greater value for our clients, employees, suppliers & shareholdersclients, employees, suppliers & shareholders.”.”

OUR VISION

Coffer Dam Repairs, first time in IndiaInvolved creating a dry environment under water

Repair of Legs of JUR Sagar Jyoti

Repair to mudmat – GA II -Aban Loyd

SOME PIONEERING CONTRACTS SOME PIONEERING CONTRACTS

•FROM ITS INCEPTION IN 1979, DOLPHIN OFSHORE HAS BEEN AT THE CUTTING EDGE IN THE UNDERWATER DIVING BUSINESS

•TODAY DOLPHIN OFFSHORE HAS CONSOLIDATED ITS POSITION AS THE ONLY APPROVED INDIAN DIVING COMPANY WITH ONGC.

•THIS TAKES US TO THE NEXT LOGICAL STEP THAT IS DEEPWATER INTERVENTION – i.e. PROVIDING DYNAMICALLY POSITIONED VESSELS, UNDERWATER ENGINEERING, REMOTE OPERATED VEHICLES

NEW OPPORTUNITIES IN THE OFFSHORE SECTOR

NEW OPPORTUNITIES IN THE OFFSHORE SECTOR

•….. contd

•EARLIER DOLPHIN USED TO BE A CONTRACTOR FOR “ABOVE WATER WORKS” DOING FABRICATION AND INSTALLATION WORKS FOR OTHER MAIN CONTRACTORS

•OVER THE YEARS, DOLPHIN HAS EXPANDED ITS RANGE OF SERVICES TO INCLUDE UNDERWATER, ON THE WATER AND ABOVE WATER FOR THE OIL & GAS INDUSTRY

•TODAY DOLPHIN OFFSHORE HAS CONSOLIDATED ITS POSITION AS AN APPROVED EPC CONTRACTOR WITH M/S ONGCL.

•RECENTLY DOLPHIN COMPLETED 2 EPC CONTRACTS AS A CONSORTIUM PARTNER.

•SUBSEQUENTLY AWARDED AND CURRENTLY EXECUTING 2 EPC CONTRACTS INDEPENDENTLY

NEW OPPORTUNITIES IN THE OFFSHORE SECTOR

NEW OPPORTUNITIES IN THE OFFSHORE SECTOR

DIVING & UNDERWATER SERVICES DIVING & UNDERWATER SERVICES

DOLPHIN OWNS AND OPERATES BOTH MODULAR AND INSITU DIVE SYSTEMS WORKING OFF CONTRUCTION BARGES AND DYNAMICALLY POSITIONED DIVE SUPPORT VESSEL

•AIR DIVINGAIR DIVING

•MIXED GAS DIVINGMIXED GAS DIVING

•SATURATION DIVINGSATURATION DIVING

•REMOTE OPERATED VEHICLESREMOTE OPERATED VEHICLES

DOLPHIN UNDERTAKES VARIOUS UNDERWATER CONTRACTS FOR THE OIL & GAS SECTOR BOTH IN INDIAN WATERS AND ALSO INTERNATIONALLY

• DOLPHIN OFFSHORE NOW QUALIFIED AS AN EPC CONTRACTOR WITH ONGCDOLPHIN OFFSHORE NOW QUALIFIED AS AN EPC CONTRACTOR WITH ONGC

• DOLPHI N HAS BEEN AWARDED TWO INDEPENDENT EPC CONTRACTS – NQD DOLPHI N HAS BEEN AWARDED TWO INDEPENDENT EPC CONTRACTS – NQD REVAMP @ US $ 38 MILLION & ICP REVAMP @ US $ 27 MILLIONREVAMP @ US $ 38 MILLION & ICP REVAMP @ US $ 27 MILLION

TURNKEY EPC CONTRACTS TURNKEY EPC CONTRACTS

DOLPHIN EXECUTED TWO EPC CONTRACTS AS A CONSORTIUM PARTNER ONE WITH L&T AND THE SECOND WITH NAFTOGAZ INDIA

Revamp of process Revamp of process complexes & wellhead complexes & wellhead platformsplatforms

Installation of structures, Installation of structures, Piping & equipments on Piping & equipments on platformsplatforms

Electrical & Electrical & Instrumentation workInstrumentation work

Hook – up and pre-Hook – up and pre-commissioning of new commissioning of new platformsplatforms

TOPSIDE WORK - OFFSHORE TOPSIDE WORK - OFFSHORE

Dolphin Offshore has 6 workshops in Mumbai & Navi Mumbai Dolphin Offshore has 6 workshops in Mumbai & Navi Mumbai

TOPSIDE – ONSHORE FABRICATION TOPSIDE – ONSHORE FABRICATION

FABRICATION OF HEAVY DUTY STRUCTURES SUCH AS PLEMS, SSIs, RISER PROTECTORS, BOAT LANDINGS, DECKS ETC

NEXT LOGICAL STEP: NEXT LOGICAL STEP:

FABRICATION OF JACKETS, FABRICATION OF JACKETS, DECKS, PLATFORMS, SUBSEA DECKS, PLATFORMS, SUBSEA COMPLETIONS FOR COMPLETIONS FOR DEEPWATER DEVELOPMENTSDEEPWATER DEVELOPMENTS

THEREFORE JAFRABAD YARDTHEREFORE JAFRABAD YARD

PROPOSAL FOR DEVELOPMENT OF OFFSHORE FABRICATION YARD/ SHIP BUILDING / SHIP REPAIR YARD AT JAFRABAD

JAFRABAD SHIPYARD PROJECT

TO DEVELOP THE FOLLOWING FACILITIES:

(A)SHIP BUILDING

(B)OFFSHORESTRUCTURAL FABRICATION

(C) SHIP REPAIRS

(D) DOCKING FACILITY

JAFRABAD SHIPYARD PROJECTPROPOSAL FOR DEVELOPMENT OF OFFSHORE FABRICATION YARD/ SHIP BUILDING / SHIP REPAIR YARD AT JAFRABAD

DIVING & UNDERWATER SERVICESDIVING & UNDERWATER SERVICES

TOPSIDE WORK FABRICATION & INSTALLATION- TOPSIDE WORK FABRICATION & INSTALLATION- BOTH ONSHORE & OFFSHOREBOTH ONSHORE & OFFSHORE

TURNKEY EPC CONTRACTSTURNKEY EPC CONTRACTS

RIG REPAIR & SHIP REPAIRRIG REPAIR & SHIP REPAIR

MARINE OPERATIONS & MANAGEMENT SERVICESMARINE OPERATIONS & MANAGEMENT SERVICES

DESIGN ENGINEERINGDESIGN ENGINEERING

DOLPHIN’S RANGE OF SERVICES DOLPHIN’S RANGE OF SERVICES

BRAHMAPUTRA DOLPHINBRAHMAPUTRA DOLPHIN(MULTIPURPOSE / WORKBOAT)(MULTIPURPOSE / WORKBOAT)

**Technical management and crewingTechnical management and crewing*Logistics management*Logistics management

OWNED VESSELSOWNED VESSELS1 Multipurpose / Workboats 1 Multipurpose / Workboats 2 Offshore Utility vessels2 Offshore Utility vessels6 Harbor tugs6 Harbor tugs

UNDER CONSTRUCTION UNDER CONSTRUCTION Multipurpose / Workboats Multipurpose / Workboats (delivery –2009)(delivery –2009)1 Dynamically Positioned 1 Dynamically Positioned Construction Barge Construction Barge (expected delivery – 2009)(expected delivery – 2009)

WITHIN THE GROUPWITHIN THE GROUPDP DSV on long charterDP DSV on long charterAW Barge on long charterAW Barge on long charter

PROCYON OFFSHORE:

MARINE OPERATIONS & MANAGEMENT

PROCYON OFFSHORE:

MARINE OPERATIONS & MANAGEMENT

Dolphin JV with IMPAC Offshore Engineering, Germany, Dolphin JV with IMPAC Offshore Engineering, Germany,

Provides World Class Design & Engineering SolutionsProvides World Class Design & Engineering Solutions

IMPAC OFFSHORE ENGINEERING GmBH,IMPAC OFFSHORE ENGINEERING GmBH, Hamburg an independent engineering Hamburg an independent engineering

company Established 1983, specializes in engineering services tocompany Established 1983, specializes in engineering services to

The Oil and Gas Industry for both offshore and onshore projects.The Oil and Gas Industry for both offshore and onshore projects. The Petrochemical IndustryThe Petrochemical Industry The Construction IndustryThe Construction Industry

Service Highlights :Service Highlights : EngineeringEngineering

Conceptual & Feasibility Studies Conceptual & Feasibility Studies Integrated Field Development Studies Integrated Field Development Studies Front End Engineering Design (FEED) Front End Engineering Design (FEED) Detail Engineering Package Detail Engineering Package

IMPAC OIL & GAS ENGINEERING (INDIA) PVT. LTD

20012001 12 Platform –Clamp On Structures12 Platform –Clamp On Structures US $ 8 millionUS $ 8 million

20032003 9 Platform Clamp On Structures and Topside9 Platform Clamp On Structures and Topside US $ 10 millionUS $ 10 million 20042004 RSPPM – IOEC – Pipe lay support servicesRSPPM – IOEC – Pipe lay support services US $ 45 millionUS $ 45 million

20052005 SHRC project. First time ever liftingSHRC project. First time ever lifting US $ 9 millionUS $ 9 millionof helicopter deck using jacksof helicopter deck using jacks

20062006 BBBLRP – ConsortiumBBBLRP – Consortium US $ 31 million US $ 31 million

20072007 6 Clamp-on project – Consortium6 Clamp-on project – Consortium US $ 25 millionUS $ 25 million

20082008 NPCC, Abu Dhabi – C Series workNPCC, Abu Dhabi – C Series work US $ 6millionUS $ 6million20082008 Leighton, India Pre engg contractLeighton, India Pre engg contract US $ 7 millionUS $ 7 million20082008 Leighton, India Seamec -1 /divingLeighton, India Seamec -1 /diving US $ 21 millionUS $ 21 million20082008 Punj Lloyd – Heera – Sat div & Seamec Punj Lloyd – Heera – Sat div & Seamec US $ 7 millionUS $ 7 million20082008 OSW, Malaysia – Seamec-1 + sat divingOSW, Malaysia – Seamec-1 + sat diving US $ 15 millionUS $ 15 million20082008 ONGCL – NQD RevampONGCL – NQD Revamp US$ 38 millionUS$ 38 million20082008 ONGCL – ICP RevampONGCL – ICP Revamp US$ 29 millionUS$ 29 million

SOME OF OUR MAJOR CONTRACTS SOME OF OUR MAJOR CONTRACTS

0

10

20

30

40

50

2001

2003

2004

2005

2006

2007

2008

8 10

45

9

3226

67

15

2829

38

SOME MAJOR CONTRACTS SOME MAJOR CONTRACTS

17

INDIA in the eyes of the world

2007 – India – 6th largest energy consumer

2007 – India – 7th largest oil importer consumer2007 – India – 7th largest oil importer consumer

2007 – India – 5th largest oil consumer

2025 – India – Estimated to be 4th largest oil importer behind USA, China & Japan

ONGC envisages an investment of US$ 15 Billion in the next 4 years.

S No Project Scope of work Purpose

1 Revamping of 30 Well platforms

Revamping of 30 Nos of Well platforms

Revamp of existing p/forms

2 MHN Pipeline Project

Subsea Pipelines Transportation of well fluids

3 B-22 Field Development Project

Marginal Field Development

New assets

4 MHSR Ph-II, RS- 12, RS- 14 Well Platforms

Redevelopment of MH South Field Ph-II

New assets

5 Overhanging piping protection.

Overhanging Piping protection for 32 Process pfs.

For safety of Process platforms

6 North Tapti Addition of oil/gas New assets18

ONGC - A few tenders to be finalized

DOLPHIN OFFSHORE qualified as an EPC contractor

DOLPHIN REACHING OUT

THANK YOUTHANK YOU