PRESENTATION

Marine Offshore Consultants Oddbjorn M Bugge is a Sole ProprietorshipRegistered in Bronnoysund Registers with Org. No.: NO 955 545 664

Contacts: Telephone: +47-701 24520 / +47-94477323 E-mail: mail@moc-bugge.no Website: www.moc-bugge.no (Under Constr.)

Started in 1985, but dormant from 1991. Revived in March 2016. (Open Data Sheet attached)Situated in Aalesund, Norway, which is at the center of the Norwegian Maritime Cluster. Norwegian Maritime Competence Centre (NMK): http://www.nmcc.com/en/about/norwegi...etence-center/ Offshore Simulation Centre: http://osc.no/ and NTNU, one of the major centres for Shipping, Logistics and Maritime education in Norway: http://www.ntnu.edu/amo but a stone’s throw away.

Many of the major Offshore Shipping Companies, Shipyards and Ship Designers in Norway are situated in and around Aalesund. The rest of Norway and beyond easily accessible by air.

Purpose of the company is to offer Marine Survey, Marine Consultancy and Training Services to the Shipping and Offshore Industry in Norway and beyond.

The Sole Proprietor, Capt. O.M.Bugge, has over 40 years of experience in the Offshore Oil & Gas Industry, working worldwide as Freelance Marine Surveyor through Noble Denton & Associated, (Now part of DNV-GL) as Warranty Surveyor and Consultant on/off since 1974.Also for various Companies as; Master on Drillships, OIM, Rigmover, Towmaster, Loadmaster, Marine/Rig Manager (Drilling Contractor), Marine Adviser for Offshore Construction Companies and for several major Oil Companies.

Based in Norway. (1980-90); Working in Norway, the North Sea, Europe, West Africa, South America and the Middle East, but majority of the time based in Singapore, (1974-1980 & 1991-2016) working in S.E.Asia, India, Australia, China & Japan. Basic CV attached. (Comprehensive CV on request)

The services offered are, but not limited to, the following:- ON/OFF-Hire Condition and Consumables Survey- Pre-hire Suitability Survey- Pre-purchase Condition Survey- Towage Suitability and Preparation Survey- Damage Survey- Incidence / Accident Investigation- Risk Assessment / Hazop- Preparing Procedures and Manual- Training /Seminars

Page: 1

Associate and Senior Consultant:

Maritime Associates Pte. Ltd.: Naval Architects – Offshore Engineering – Software Development.

1 Commonwealth Lane, #07-06/07/08 One Commonwealth, Singapore 149544Telephone: +65-64734044 Telefax: +65-64734144 Mobile: +65-94509350

E-mail: nanda@ma-com.sg Web: www.ma.com.sg/ma/main.htm

Maritime Associates Pte Ltd (mA), is a company registered in Singapore, providing design and engineering services since its incorporation in 2002.

CAPABILITY STATEMENTmA has experience in providing the following type of design and engineering services to its clients in the marine and offshore Oil & Gas industry. - Concept / Basic design for ships & barges, incl. for Short Sea / Inter-island /Inland waters transport- Concept / Basic design for offshore vessels, especially for the smaller / low powered market - Design & Engineering related to conversions / upgrades of Ships / Offshore vessels / Barges- Alternative use of Offshore Vessels and Barges in other markets- Structural Analysis (Frame structure, FE Analysis) - Fatigue Analysis - Hydrodynamic Analysis (Mooring, Motion response) - Stability Analysis (Intact, Deterministic & Probabilistic Damage) - Transportation Analysis / Sea-Fastening Design - Piping System Design (Marine systems) - Pipe Flow Analysis (Steady flow and Dynamic analysis) - Pipe Stress Analysis - Detail Engineering for structure (Production engineering Up to NC cutting info) - Detail Engineering for Piping (Isometrics / Spool piece drawings) - Electrical System Design (One line diagrams / Load Analysis)

The design and engineering services mentioned above are undertaken using the following licensed software available with mA:- DNV Nauticus Hull (Hull structural Design) - DNV Genie, ABS SafeHull, NX Nastran, STAAD-Pro, IES Visual Analysis (FE Analysis) - FEMAP (FEA preprocessor / postprocessor) - MOSES, Hydro-D (Hydrodynamic Analysis) - AutoHydro, MOSES (Stability Analysis) - Autoship, EZ-Graph, Rhino (Hull form design) - PIPE-FLO Professional (Steady flow analysis) - Pipenet (Dynamic/Surge analysis) - CAESER II (Pipe Stress analysis) - AutoCAD Inventor, Mechanical Destop, Rhino (CAD), Solid Edge - NUPAS Cadmatic (3D Modeling, Hull & Piping drawing work) (Project Snapshot, Client References, ISO 9001 certificate and Achilles JQS certificate are attached)

Refr.: MOC-Present. Page: 2

mA and its personnel have experience in design and engineering work related to the following FPSO/FSO conversion, CALM/SALM buoy projects:- TLDD FPSO - BP ANGOLA FPSO - LPG FSO BERGE RACINE - FSO NU COASTAL ENERGY - GAS CONCORD GAS FSO - PETROCOM FSO - PETROLEO NAUTIPA - RUBY FPSO - FPSO ESPOIR IVIROINE - ABO FPO - CALM BUOY (For TUXPAN, SALINA CRUX, ROSARITO) - CALM BUOY (For Ravva Field) - SALM Buoy (For Bangkot Field) Other new-building and conversion/upgrade projects where mA and its personnel have undertaken significant design & engineering work are as follows:- Basic Design of 35t Bollard Pull SRP Tug (TEBMA Shipyard) - Basic Design of 35t Bollard Pull VOITH Tug (TEBMA Shipyard) - Basic Design of 60t Bollard Pull AHTSS Vessel (Arkstar Offshore) - Upgrade accommodation for Go Gliese (additional 32 men) (Go Offshore) - Conversion of Flat top barge to Floating dock (Van Oord) - Upgrade of LEWEK Centurion to 500 men Floatel (EMAS AMC) - Design of moon pool for Evolution-804 (Bourbon Offshore) - Upgrade of accommodation vessel DUTA-7 (PT Rig Tenders) - Conversion of Spray barge (Van Ooord) - Global FE Analysis / Structural Design of CALM Buoys (SOFEC) - Conversion of TLDD FPSO including FEA/fatigue analysis (PTSC) - Upgrade of semi-submersible ATWOOD FALCON (Atwood Oceanics) - Basic Design: 239men DP2 Accommodation/Construction vessel (Confidential) - Concept Design For Floating Liquid Mud Plant (PT Rig Tenders) - Design & Engineering for optimization of modular drilling rigs (SAAG) - Basic Design: 150 men DP2 Accommodation Construction Vessel (Confidential) - Basic Design for a Geological Research / Survey Vessel (TEBMA Shipyard) - Upgrade of drill ship ABAN ABRAHAM (ABAN Offshore Ltd) - Basic Design of 5 nos. 70mt BP AHTS vessel (Whiteseas Shipping) - Upgrade Of Semi-Submersible Pipe Lay vessel SEMAC-1 (Saipem) - Upgrade of Drillship Aban Abraham (Aban Offshore) - Lengthening and upgrade of Laybarge CASTORO X (Saipem) - Upgrade of Accommodation Construction Vessel Jascon 28 (Sea Trucks Group) - Concept Basic design of 60mt AHTS vessel (Keppel Singmarine) - Basic Design of 40mt Pedestal Mounted Offshore Crane (Patriot Mechanical) - Modification / Upgrade of Pipe Lay vessel Audacia (Allseas) - Modification / Upgrade of Pipe Lay vessel Lorelay (Allseas) - Concept / Basic Design of 20000t Sand Loader (Van Oord) - Conversion of OBO Carrier to Sand Loader (Van Oord) - Basic Design & Detail Engineering For Crewboats (Penguin Boats) - Basic Design & Detail Engineering For 30m Catamaran Ferry (Kvaerner Fjelstrand) - Vibration study / global stress analysis of Dredger Volvox Asia (Van Oord) - Concept / Basic Design of Semi-submersible Tender Rig T60 (Frigstad Engineering) - Lengthening of RO-RO vessel (Wagenborg) - Basic Design / Construction of Self Propelled Jackup SEAPUP (BMEPL) - Global Stress Analysis / Stability Analysis For semi-sub Seahawk (Atwood Oceanics) - Skid Off Conversion of Jack-Up Rig Parameswara (Petronas Marine) - Detail Engineering/Construction of Jack-up-Rig Sagar Kiran Uday (ONGC)

Refr.: MOC-Present. Page: 3

VMOSnet

A SIMPLE WAY TO ENSURE EFFICIENT MANAGEMENT OF A FLEET OF VESSELS.

This is a Vessel Management & Operation Software Program which has been developed and is marketed by mA. It is based on long experience with such systems, easy to operated and reliable. Can be understood by people who are not Computer Scientist, on board and ashore.

BE AUDIT READY AT ALL TIMES.

VMOSnet (VESSEL MANAGEMENT & OPERATIONS SYSTEM) is a fully integrated software solution comprising of the fleet management functionalities like: HSSEQA DOCUMENT MANAGEMENT CREWING DAILY REPORTING ASSET REGISTER, MAINTENANCE & REQUISITIONING, etc. etc.

Analyzing the data and generating HSSEQA / KPI reports is done in minutes. Fleet overview, summary of status of reports and details of any specific report for any vessel in your fleet can be viewed inside

VMOSnet, with just a few clicks of your mouse. The combination of above features ensures that, YOU ARE READY FOR ANY AUDIT AT ANY GIVEN POINT IN TIME. All you need to do is go about performing the day to day ship management functions using VMOSnet.

VMOSnet system works on an intranet using the onboard LAN or on an independent machine if there is no network onboard. For the office users all they need is an internet connection irrespective of where they are.

As the office system is web based mA will take care of the maintenance and upgrade and troubleshooting which means that your IT staff need not spend additional time on the same. VMOSnet is hosted service with a main server and a remote backup server ensuring 100% redundancy.

The PMS module in VMOSnet has already been approved by DNV and we are currently working on obtaining type approval from Class NK and other members of the IACS.

The HSSEQA modules meet the ISM & ISPS requirements.

We will be happy to send you a link with log on details, to review the VMOSnet system at a time and place of your convenience.

ALL YOU NEED IS A PC & AN INTERNET CONNECTION TO BE AUDITED ANYTIME

Refr.: MOC-Present. Page: 4

ATTACHMENTS:

- ISO Certificate:

Achilles JQS:

- Engineering Services:

- VMOSnet (Overview):

- VMOSnet DNV Type Approval:

- MOC Open Data Sheet:

Refr.: MOC-Present. Page: 5

- O.M.Bugge – CV:

Name : Oddbjorn Mauritz BUGGEDate of Birth : 12.11.1943Nationality : NorwegianMarital Status : MarriedQualifications : Master Mariner (Not STCW Certified)Languages : English & Norwegian (Written and spoken)

Education1962-63 : Navigator, II Class, Maritime College, Aalesund.1963-64 : Navigator, I Class, Maritime College, Aalesund.1968-69 : Master Mariner. Maritime College, Aalesund

Course and Seminars : Offshore Technology SeminarsBasic Drilling & Well Control Course

Accreditation: Accredited OCIMF OVID Inspector (Suspended, pending refresher)

IMCA CMID Inspector (Not presently accredited)

Positions held: Master, Assistant Port Captain, Marine Surveyor, Warranty Surveyor, Marine Consultant, Marine Advisor, Marine Manager, Managing Director

PRESENT ENGAGEMENTS:

Present: Marine Offshore Consultants, Aalesund, Norway. (Org.No.: NO 955545664) Sole Proprietor – Marine Consultant & Surveyor: http://www.moc-bugge.no (Under Const.) Situated in Aalesund, Norway, the centre of Norwegian Maritime Cluster, More. Area of operation: Norway, Northern Europe and beyond. Area of expertise: General Marine Survey, Marine Consultancy, Marketing of Product & Services, Preparation of Manuals & Procedures for Offshore Operations & Towage. Layup & re-activation Procedures, Training & Seminars.

Maritime Associates Pte. Ltd. Singapore: http://www.ma.com.sg/ma/main.htm Naval Architects – Offshore Engineering – Software Development. Senior Associate: Development of various Offshore Vessel & Barge concepts, Floating Production Units, Mooring systems, Standardized design for Offshore and Shipping industries, Concept Studies, Supervision of newbuilding and conversions.

Marketing of VMOS Net Integrated Ship Management Software for the Shipping and Offshore Industry.

Refr.: MOC-Present. Page: 6

Experience:Carried out General Marine Survey of all kinds on AHTS, AHT, Tugs, Dredgers, DSV/ROV Support Vsls., Seismic Vsls. & DLBs, Rigs, and Accommodation Barges etc. OVID Inspections (34), CMID Inspections (27), On/Off-hire Condition & Consumables Survey, Towing Vessel Suitability Survey & Approval, Pre-purchase Inspections and Evaluations, Damage Survey, Salvage Survey etc. Performed Misc. Consultancy work. Prepared Towage Manual & ERP Procedures, Loss Prevention Studies, Accident Investigations, Acted as Tow Master, Load Master, Salvage Master, Marine Advisor, Rig Mover.

CAREER:

Nov. 2007 – 15. March, 2016. Freelance Surveyor & Consultant, Singapore:Based in Singapore. Working in S.E.Asia, in China, Korea, Japan, India and Australia. Direct assignment for: Swiber Holding, Murphy Oil, Malaysia, MODEC, OTECH AS, Solstad Offshore, Reflect Geophysical, Research Offshore AS, Jaya Holdings/MMA, Go Offshore, Norcargo, Grieg Logistics, R.S. Platou Finans (S’pore & Norway),S&P Marine Consultants (Thome & Co.), COSCO Heavy Lift, others.Working through: Maritime Associates Pte. Ltd., Singapore: Associate – Senior ConsultantAqualis Offshore, Singapore: Freelance Surveyor / Warranty SurveyorDNV-GL Noble Denton, Singapore. Freelance Consultant /Warranty Surveyor during:

- Float on/off - Heavy Lifting, - Pipe laying - Offshore Construction - Loadout, - Towage,- Sailaway, - Rig move, - Salvage.

1.March – 15.Nov.2007: Swiber Holdings Ltd., Marine Advisor to Board of Directors. Working at the HQ in Singapore, with occasional travel within S.E.Asia. Involved in day to day Management and Operation, Vessel operation, Offshore Construction Projects, Heavy lifting, Pipe laying etc..

Nov.1997–Febr.2007. Freelance Surveyor & Consultant, Singapore:Based in Singapore. Working in S.E.Asia, India, China, Japan and Australia Working through: Noble Denton Singapore Pte. Ltd. Performed: General Marine & Warranty Survey. Damage Survey, Investigation etc. Acted as Loadmaster, Owner Repr., Cargo Surveyor during loading/unloading by; Crane lifts, Ro/Ro, Skid-on, Road transport, Loading & Off-loading by Float on/off. Attended at offshore construction sites during; Jacket launching and installation, Lifting of decks & modules, Pipe laying and all other aspects of Offshore Construction.Short to medium term assignments through Noble Denton’s Singapore and Jakarta office:Nov.–Dec.1997: Assigned to British Gas, Tenggu Gas Field, Bintunu Bay, Irian Jaya Jan.1998-May,1998: Assigned to Total E & P Myanmar as Marine Superintendent. April-May 1999: Acted on behalf of Cairn Energy, Al-Gosaibi and Indian Authorities. Investigated the cause of capsizing and sinking of the AHT Britoil 2, with loss of four lives. June.2000- Dec.2000: Assigned to Total Indonesie, Balikpapan Training Marine Personnel Jan.2001–Sept.2001: Assigned to Total Indonesie, as Head of Methods & Safety and Marine Advisor at their new Marine Department in Balikpapan.

Refr.: MOC-Present. Page: 7

May, 2003: Assigned to Halfdan Recovery Team, Sembawang Engineering:Attended during recovery of the 5,700 m.t. Halfdan Deck Module on HLV Teal.Nov.2004-Febr.2006: Assigned to Talisman Malaysia, Drilling. (“Call-out Contract”)Acted as Marine Advisor. Acted as Marine Repr. during Rigmoves. Direct for Clients. 1998: Ocean Rig ASA: (Again in 2003)Prepared Lay-up study for 2 x BINGO 9000 Bare-deck Units. Identified lay-up sites in Brunei Bay, Labuan and in Pasir Gudang, Johor, West Malaysia.1998 – 2005: Standard P&I / SBM; (Ad hock)P&I Entry Survey for FPSOs & FSOs converted in Singapore (8 units for SBM)June 1994-Sept.1997. Freelance Surveyor, Falconer, Bryan & Associate Pte. Ltd. Based in Singapore. Working S.E.Asia & India. Performed all types of General Marine & Warranty Survey and Marine Consulting assignment. Nov.1992–June 1994: Frigstad Offshore Pte Ltd, Singapore. Marine Manager.Worked at the office in Singapore. Main tasks were: Management & Marketing of Rigs own and 3rd party, incl.: Jackup used as Accommodation Unit in Saudi Arabia. Jackup in layup in S’pore, Drill Tender & Crane Barge laid up in Brunei Bay, Labuan for Brunei ShellTender preparations. Preparing Cold Stacking and Re-activation procedures. Rig condition survey and evaluation. Marketing of designs and services for Frigstad Group. Development and Concept studies for: Semi-submersible Tender concept T-60, Floating Production Unit P-60, Early Production operations, incl. Crude Oil Transport from marginal field in Gulf of Thailand. Crude oil Production from marginal field in shallow water off Gabon, West Africa. Conversion of Aker H3 Semisub “Bideford Dolphin” for use as Drill Tender off Sarawak.

Jan.1991–Nov.1 1992: Sofidco / Sinomaris Pte Ltd, Singapore. Director – Part Owner.

Based in Singapore. Working in S.E.Asia and beyond. Marketing of new and second hand equipment to the Offshore, Shipping, Fishery and Aquaculture industries in S.E.Asia.

1982-1990: Marine Offshore Consultants, Aalesund, Norway -Sole Proprietor Working worldwide, mostly in the Offshore Industry through Noble Denton’s offices in Norway, London, Rio and Dubai. Working in South America, West Africa, Middle East, East Coast of India, Mediterranean, Northern Europe and the North Sea.Major Offshore Assignments:

1989/90: Norsk Hydro: Marine Advisor, Drilling Dept. 1989 : Micopri SpA; Tow Master for Veslefrikk and Gyda tow-out. 1988/89: Noble Denton Norge: Warranty Surveyor/Project Mariner, Ekofisk Barrier,

Transport from Holland, Towage and Installation in the Field. 1987 : Noble Denton & Associates, London: Annual Safety Audit, all Drilling rigs in Nigeria for Nigerian Authorities. Rig Moves and Load-outs in West Africa. 1986 : DNV/Noble Denton, London: Oseberg B Project. Warranty Surveyor during

Load-outs and Transportation of Deck Frame and Modules. 1985 : Noble Denton, Dubai: Rig Moves and Towage in India & Persian Gulf. 1984 : Noble Denton Norge: Warranty Surveyor, Gullfaks “C” Condeep Platform.

Float-out of Dock and Mooring preparations at Vats. 1983 : Noble Denton, London & DNV: Warrant Surveyor, Heimdal Field development.

Load-out of Modules and Installation in the field. By SSVC Balder 1982/83: Noble Denton, Rio de Janeiro: Rig moves in Argentina.

Refr.: MOC-Present. Page: 8

1987-90: SOFIDCO AS, Aalesund, Norway. Part Owner Involved in the Aquaculture & Fisheries Industries as Consultant. Importing Krill from Russia and Krill Meal from Japan for sale to Fish Farms. Attempted to develop Krill fisheries in the Southern Ocean. (Unfortunately at least 15 years too early) 1980-1981: DYVI OFFSHORE A/S, Oslo, Norway. Offshore Installation Manager (OIM,) Rig Mover / Tow Master, North Sea, Italy & West Africa. Jack-ups and Floaters. Assisted during Class Survey, Inclination, Docking etc.

1978-1980: ATWOOD OCEANICS Inc., Houston. Tx. Captain, Drillship “Fredericksburg”. Working in S.E. Asia & off Andaman Islands, India.

1973-1978: COASTWISE SHIPPING CO. (PTE) LTD. Singapore. Owner Vessel Delivery Service, Brokerage, Marketing Equipment & Services to the Shipping and Offshore industry in S.E.Asia. Temporary Master for short assignments.

From Sept. 1974 working mainly with Noble Denton & Associates, Singapore as Freelance Marine &Warranty Surveyor, still through Coastwise Shipping & Trading. Based in Singapore. Working S.E.Asia, Australia, Japan & India. Performed all types of General Marine Survey, Warranty Survey, Rig moves, Loadout, Heavy lifting and Marine Consulting Services.

1970-1973: GLOBUS SHIPPING & SEATANKER SHIPPING PTE LTD., Singapore. Managed by J.P.Roed & Partners, Singapore. Dec. 1970 – May 1971: Ch. Officer; M/V Jo-Tor, General Cargo, 860 DWT (499 GRT) May 1971 – June 1972: Master M/V JoTor. Trading S’pore – East Indonesia/Irian Jaya. July – Sept. 1972: Ass. Port Captain for UNPD, Bangladesh. Sept. – Nov. 1972: Port Captain in Hong Kong. Dec. 1972 – July 1973: Master, M/T Cherry Viken. (16,500 DWT) Trading HFO AG – India.

Aalesund, 16. April, 2016.

…………………….. Capt. O.M.Bugge,

Marine Offshore Consultants. (ombugge@moc-bugge.no)Address: Vågavegen 21B, N-6008 Ålesund, Norway Tel. : 47-70124520 Mobile: 47-94477323 E-mail: ombugge@moc-bugge.noWebsite: www.moc-bugge.no (Under constr.)

Refr.: MOC-Present. Page: 9