We have the following COMPETITIVE STRENGTHS:
New Diving Systems and Vessels, Compliant with Industry Standards
- Diving systems are in compliance with industry standards, < 2 years in age
- Work accommodation/dive support vessels are under ABS classification and are < 3 years in age
- Meet stringent requirements of end-customers who are major oil and gas companies in the offshore industry
- Enables access to a wide customer base
Established Team of Experienced Onshore and Offshore Professionals
- Skilled onshore and offshore personnel
- Increased from 54 as at Dec 31 2008 to 269 as at Dec 31 2009
- Emphasis on training
- Well-positioned to compete for and undertake a wide range of subsea projects
Quality and Cost Effective Solutions
- Improved efficiency and timely project deliveries with :
- High utilisation of operating assets
- Experience of our senior management team
- Skilled offshore personnel
- In-house diving assets to provide customised and quality services
- Perform detailed risk analysis to minimise project downtime and cost overruns
Focus on Subsea Services for Installation and IRM Projects
- Primary focus in the Southeast Asia and India offshore markets
- Installation projects are generally turnkey in nature
- IRM projects are generally long-term contracts with oil and gas companies
- In-house operating assets offer a better management and deployment of resources to undertake a balanced mix of installation and IRM projects
Access to and First Right of Refusal to participate in Offshore Projects of the Swiber Group
- Non-competition undertaking provided by the Swiber Group
- First right of refusal for provision of subsea services
- First right of refusal to charter/lease Swiber Atlantis (with saturation diving system, K-SAT 03), Swiber Victorious and saturation diving system, K-SAT 01
- Call options on Swiber Atlantis (with K-SAT 03), Swiber Victorious and K-SAT 01
- First right of refusal to charter/lease any vessel or equipment with subsea capabilities that Swiber and/or any of its subsidiaries may acquire in the future
- Project support services
- Corporate services agreement
- Trademark license agreement
- Close working relationship with the Swiber Group enabled us to gain greater access to the offshore construction industry :
- Potential opportunities to establish further relationships with Swiber Group's customers
- Access to new subsea services projects
Strong Management Team with In-depth Knowledge and Expertise
- Senior management team comprises professionals having more than 15 years' experience each in the subsea services industry
- Onshore project management experience
- Familiarity with business and industry practice of the regions in which we operate
