COMPANY PRESENTATION

A LEADING SUPPLIER OF CRITICAL MAINTENANCE SERVICES

Business overview

Key figures

• Beerenberg is a leading supplier of maintenance services to the oil and gas industry on the Norwegian Continental Shelf (NCS)

• Founded in 1977

• Market leader within the areas of insulation, surface treatment and scaffolding (ISS)

• Number of employees: 1600

• Has developed a range of innovative products and services to supplement its core service offering • Beerenberg operates both nationally and internationally and its key customers are oil companies and maintenance, modification and operations (MMO) contractors • Due to its long experience within its field, Beerenberg has become one of the most respected and innovative companies within maintenance in the oil and gas industry

• Owner: Segulah and management

• Revenue 2014: MNOK 2300 • ISO certified • ISO 9001

• ISO 14001 • OHSAS 18001

• The company has its main office at Kokstad in Bergen, with branch office in Stavanger.

STRATEGIC POSITION

Vision/values Vision

Position

Competitive advantages

”Beyond Expectations” Inclusive, Innovative, Responsible Beerenberg is a technology provider of industrial solutions, that protect values and promotes safe and efficient operations

HSEQ, Efficiency and Predictability

BEYOND EXPECTATIONS Our vision commits the corporation and all of its employees to seek solutions that exeed the expectations of the wider world

BUILDING COMPETITIVE ADVANTAGES The customer value we always shall provide

Competitive advantages Beerenberg have established and will continue to develop

SAFE Continuously reduced HSE risk and risk for asset failure

• HSE initiator seeking new technologies and approaches • Market leading HSE management system, risk control, HSE management and compliance

EFFICIENT Maximum maintenance within cost and capacity limits. Improved LCC from invested work and solutions.

• Operation philosophy setting the industry standard • Development and utilization of leading maintenance technology

• Documented efficiency and LCC proven solutions

PREDICTABLE Predictable maintenance cost and quality assured execution

• Standardized and continuously improved work processes

• Fixed Prices • Close client integration and cooperation on all levels

• Industry leading quality • Proven flexibility to customer specific needs and changes

• Leading development of management, engineering and craft competences in our field

INCLUSIVE INNOVATIVE RESPONSIBLE The company shall be inclusive towards individuals, other companies and society as a whole. An open and accommodating attitude shall prevail throughout the group. The company´s ability to be innovative will help safeguard our own future, improve conditions for the local enviroment and generally help create positive social development. A responsible attitude shall prevail at the company at all levels and in all contexts.

HSE ABSOLUTE ZERO TOLERANCE AS REGARD DAMAGE TO PEOPLE, ENVIRONMENT, MATERIAL AND REPUTATION

We shall be an industry leader within HSE, quality and risk management through ensuring standardization, competence and compliance. ”Preventing work related illness and injuries is one of Beerenberg’s most important priority areas. In order to attain this goal, Beerenberg is striving to improve management of risks relating to factors such as noise, vibrations, ergonomics, and chemical health hazards. Through focusing on barriers and robust working practices, we shall reduce work related illness and injuries.”

In 2014 our TRIF ended on 5,2 We still do have a strong focus on our employees and educating them in a way that we operate with absolute zero tolerance for injuries to people, damage to the environment, to materiel or to our reputation.

HSE STATISICS

SERVICES

Engineering

Insulation

Architect

Scaffolding

Habitat Solutions

Surface Treatment

Rope Access Techniques (RAT)

Passive Fire Protection

Cold Cutting

Technical Cleaning

Benarx

Subsea Insulation

CLIENTS & REFERENCES Oil • • • •

ConocoPhillips DETNORSKE Shell Statoil

MMO • Aibel • Aker Solutions • Kværner • Reinertsen • WorleyParsons

Yards • Daewoo • Hyundai • Samsung • SMOE

ORGANISATIONAL STRUCTURE

BUSINESS AREAS

ENGINEERING Description

Engineering is integrated in all business areas and currently consists of approx. 140 engineers and inspectors mainly located in the Bergen and Stavanger offices The majority are staffed on projects onsite, whereas the remaining are supporting projects with planning, specifications, modeling, technical drawing and laboratory work

Engineering services provided by the division ranges from preparation of specifications, modeling, technical drawing to full engineering responsibility working on EPC contracts Projects are usually executed in connection with other ISS projects The department also has two direct business streams: 1. ISS engineer placement at MMO contractors 2. ISS inspection software offer

Beerenberg design of fire protection (Benarx F-product) for risers at Snorre

ENGINEERING Services and engineering tools

For design, calculations, visualization we use advanced engineering tools as:

ANSYS MathCAD Inventor AutoCAD

Micro station WebTiv – Web based maintenance and planning system

We can calculate complex conditions within static loads, explosion ( blast and drag ), fire, wave loads, fatigue, mechanical parts etc.

Typical ANSYS calculation reports

ISS SERVICES Business segment overview

• Beerenberg’s core competences are management of medium to long term projects within the disciplines of surface treatment, scaffolding and insulation • Beerenberg is equipped to take on projects throughout their lifecycle, including the construction, maintenance and modification phases

Insulation • All types of industrial insulation for onand offshore oil and gas industry, including hot, cold and acoustic insulation Scaffolding • Beerenberg manages the full process; from calculations to project plans, project management, and finally the construction of the scaffolding

Surface treatment • Leading expert in corrosive preventive surface treatment • A high quality surface treatment is the single most important factor contributing to prolong the life expectancy of an installation

ARCHITECT Description

Beerenberg has it’s focus on maintenance and modification projects on offshore installations. Our portfolio of projects includes a wide range of projects, from minor modifications to more extensive large scale projects. Typical services and products are; Noise and acoustics Vibrations Lighting Furniture/Furnishing Signs Ergonomics Technical solutions Functionality Transport and logistics

Typical design and engineering tools are;  Archicad  Autocad  Microstation  Inventor

Typical projects

ROPE ACCESS TECHNIQUES Description

Rope Access Techniques (RAT) is a method whereby ropes and climbing techniques are used in connection with work at heights RAT is increasingly applied as an alternative to traditional larger physical scaffolding installation Ensures that maintenance work can be carried out at the least accessible places Using RAT can often provide a more cost-effective, safer alternative in complex access situations

Beerenberg has approximately 140 rope access technicians, including 37 safety managers

COLD WORK CONCEPTS Technological concepts for cold work •

Consists of the technologydriven services Hot work Habitat (Sveisolat) and ColdCutting.

•

Our technology enables work in areas of hydrocarbons, where the production otherwise would have been shut down. Our equipment, certified personnel and procedures allow the assignment in a safe and costefficient way.

•

Since Beerenberg established services Sveisolat (2002) and ColdCutting (2006), we have not experienced any significant events.

•

Certified methods and tools: ATEX / EX / CE

•

Our multiskilled technicians have expertise in both Sveisolat and ColdCutting. For this reason, the Cold Work Concepts contributes to reduce offshore staffing.

•

Cold Work Concepts is an active partner throughout the process from planning to execution.

SVEISOLAT® - HABITAT SOLUTIONS Description

A habitat solution can facilitate “hot work” within all zones on offshore installations, oil and gas terminals and petrochemical plants The solutions enables offshore operators to perform welding and cutting torch in safe working environment during production

The concept is highly cost-saving since downtime is reduced and in many cases eliminated

Sveisolat®, first launched in 2002, is Beerenberg’s own registered trademark for a system consisting of a habitat, mobile gas detectors and control unit manned by certified operators Capacity within the Sveisolat division consists of approx. 40 certified technicians and 45 MGD control units

Tailor made solutions

• Thanks to its flexible construction, Sveisolat can be used everywhere, offshore and onshore, e.g. in pipe gates and single pipes, on beams and T-pipes with multiple branches

• The Sveisolat is constructed in the form and dimensions most suited to the purpose in each case and providing the greatest possible level of safety

COLD CUTTING Description

Beerenberg has developed unique methods and tools for surgical cutting and mobile machining

Tools

• Beerenberg uses a wide range of specialized tools for on site cutting and machining such as:

The technology is based on using synthetic diamonds in removal of steel and concrete

- Mobile diamond wire saws

One of Beerenberg’s clear advantages are the combination of their services

- Range of various hand tools

The combination of RAT and mobile machining tools leads to a substantial decrease in offshore hours needed – the main cost driver in most offshore projects

The Company’s first international projects (SBM Nigeria and Semco Denmark) have been successful

- Mobile milling machines - Cutting and bevelling equipment for most pipe dimensions

BENARX – BEERENBERG’S DEVELOPED INSULATION PRODUCT Description

Illustrations and Lloyds certificates

Benarx is Beerenberg’s self-developed insulation products and solutions for passive fire protection as well as acoustic and thermal insulation Product development is implemented in close collaboration with institutions such as SINTEF, DNV, the National Institute of Technology and GexCon

The solutions are space-saving, weight-reducing, efficiency-enhancing, logistics-reducing and with unique thermal and acoustic properties

Proven technology, already installed on several installations; e.g. Snøhvit Hammerfest (Statoil), Ormen Lange (Statoil), Gjøa (Statoil), Gudrun (Statoil), Ekofisk (ConocoPhillips), Terra Nova (Petro Canada), Snorre (Statoil), and many more License production agreements entered into with partners in UK, Kazakhstan and Brazil

www.benarx.com 20

SUBSEA INSULATION Description

Typical structures

• Beerenberg provide application of insulation on subsea structures to protect from hydration formation with following potential loss of flow during cool down cycles in deep waters

• Typical structures are manifolds, pig loops, trees, connectors, flow meters, separator modules and pumping modules • Two different main application methods, injection moulding and application by hand

Novolastic

Ty-mar

• Beerenberg is a preferred partner of FMC Technologies within subsea insulation and is one of only two applicators worldwide who are certified for their product Novolastic • Subsea activities are carried out in close cooperation with the engineering division; performing risk analyses and project planning ContraTherm

Polibrid

«BEYOND EXPECTATIONS»