Ultra Deepwater Semi Submersible

Frigstad D90 : Ultra Deepwater Semi Submersible Simen Skaare Skaare Eriksen, Eriksen, CEO – Frigs Frigstad tad Offshore Offshore Pte Ltd IBC Conference, London, September 2008

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NOTE

THE MATERIAL CONTAINED WITHIN THIS PRESENTATION, AND THE INFORMATION UPON WHICH IT IS BASED, IS THE PROPERTY OF FRIGSTAD ENGINEERING INC AND ITS AUTHORISED ASSIGNEES (THE “COMPANIES”). This document must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons. This document is incomplete without reference to, and should be viewed solely in conjunction with, the oral briefing provided by the Companies. This document is not intended to form the basis of any investment decision and should not be considered as a recommendation by the Companies to do so. In preparing this document the Companies has relied upon and assumed, without independent independent verification, the accuracy and completeness of all information available from public sources or which was provided to it or otherwise reviewed by it. The information contained in this document document has been taken from sources deemed to be reliable. The Companies Companies can not represent that such information is accurate or complete and it should not be relied on as such. Any opinions expressed herein reflect the Companies’ Companies’ judgment at this date, all of which are accordingly accordingly subject to change. All technical details and data shall be regarded as preliminary and subject to change, and should not be used for any other purposes than mentioned in this disclaimer. Accordingly, this information is being supplied to you for information purposes only and not for any other purpose. This communication and the information contained in it does not constitute or form any part of an offer of, or invitation or inducement to invest in the products or services of the









Contents 

Backgroun Back ground d – Frigst Frigstad ad group group of compan companies ies

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The Frigstad D90 design • Design Philosophy • Design Features









Background









Background : Frigstad group of companies

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Established by Mr Harald Frigstad in Norway in 1980.

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Operational headquarters in Singapore since 1989.

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Operational experience from 15 different countries.

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ISO 9001 certified in 1999.

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Currently employing approx 80 staff, presence in Singapore, Norway, China.

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Two primary business units:










Frigstad Offshore

Frigstad Engineering

• Offshore Offshore Drilling Drilling Contracto Contractor r

• Developmen Developmentt of Advanced Advanced Rig Rig Designs Designs

• Rig & Project Project Manage Management ment

• Engineeri Engineering ng Services Services to offshore offshore industry industry

• Constructio Construction n Site Supervisio Supervision n

• Insp Inspec ecti tion ons s

• Refurbishmen Refurbishment, t, Upgrade Upgrade and New-Build New-Build

• Project Project Support Support to Frigstad Frigstad Offshore Offshore

• Business Business Developmen Developmentt












Frigstad Offshore • Offsho Offshore re Drilling Drilling Contr Contracto actor r Rig & Proje Project ct M

Frigstad Engineering • Devel Developmen opmentt of Advanced Advanced Rig Rig Designs Designs





















Foundation ►

The core foundation for the development of the Frigstad D90 is founder and chairman, Mr Harald Frigstad’s decision to realize his ambition to design and build the ultimate drilling rig, making use of the practical, hands-on experience gained during a 15-year career of working offshore.











Ultra Deepwater : Deepwater : New Trends & Challenges

“The easy oil is gone.”











Ultra Deepwater : Deepwater : New Trends & Challenges “The easy oil oil is gone. gone.” ” Future is in the deep deep waters waters & remote remote areas. areas. ►

More Marine Riser and Tensioning Capacity

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Higher Mud Pump Volume & Pressure













Frigstad D90 Responding to future demands













Frigstad D90 Optimising rig design
















































































































































Frigstad D90 : Best in Class Deeper 

12,000 feet water depth

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50,000 feet drilling depth

Larger 

24,000 bbl liquid mud/brine

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4,000,000 lbs combined hook load

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3,200,000 lbs total riser tensioning capacity

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8,100 mt variab variable le deck deck load load

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54,000 54,0 00 sqft dec deck k space

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Large, clean deck layout 62,000 BHP power plant

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200-bed quarters

More efficient

















Contacts Frigstad Offshore Pte Ltd Frigstad Engineering Pte Ltd 9 Temasek Temasek Bou Boulev levard ard #44-02 #4402 Suntec Suntec Tow Tower er 2 Singapore 038989 Tel: +65 6223 1277 Fax: +65 6223 3906

www.frigstad.com

Ultra Deepwater Semi Submersible

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