Vietnam - Ezra Holdings Limited

StrengtH tHrougH aLignment
SSY and SoFeL open HouSe
ptt VipS ViSit LeWeK arunotHai
FirSt eVer uSd oFFSHore Loan For
Vietnam BanKS
LmC deLiVerS Leading edge turret
eeSt pioneerS a SerieS oF FirStS
Vietnam
EMAS’s third liftboat, Lewek Lifter, has
been launched. It underwent a sea trial
in July.
With so many EMAS offices working around the clock,
the world has never seemed so small. Let’s
take a look at what happened from
June to August.
Thailand
AHTS vessel Lewek Lark has been
delivered. This 5150bhp vessel will be
working in Songkhla, Thailand, for her
maiden charter, where it will be supporting EMAS FPSO Lewek Arunothai.
A contract has been signed with PetroVietnam Technical Services Corporation (PTSC) for the joining and erection
of three legs — 265 tonne and 60m
each — for Lewek Lifter.
A cutting ceremony has been conducted for a new 92m DP2 AHTS,
which will be named later this year.
Malaysia
Following the acquisition of Perisai Petroleum Teknologi Bhd, the EMAS office in Malaysia has shifted to the Perisai base in Kuala Lumpur, with aims to
provide seamless support from under
one roof.
A new base office has been located in
Kemaman. It will handle all crewing and
operational matters for vessels working
in Peninsular Malaysia.
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Oslo
Norway
London
England
Norway
The Oslo office is concentrating on the
business development and marketing of
the full range of EMAS vessels and services in Africa.
Houston
Texas
London
London Marine Consultants (LMC) has
completed the offshore installation of risers for PetroVietnam (PTSC)’s Floating
Storage and Offloading unit. The unit,
FSO-5, is stationed offshore Vietnam.
LMC has been awarded a study for a
Deepwater Catenary Anchor Leg Mooring (CALM) oil offloading buoy by Chinese National Oil Company (CNOOC).
Visakhapatnam
India
Bangkok
Thailand
Port Harcourt
Nigeria
Ho Chi Minh City
Vietnam
Kuala Lumpur
Malaysia
Singapore
Singapore
Negara Brunei Darussalam
Brunei
Perth
Australia
03
From a fledgling company in 1992 to a leader within the asian oil and
gas landscape, emaS has produced the growth most companies would
envy. its business today includes offshore marine support, offshore and
subsea construction, well intervention services, engineering and fabrication of offshore vessels and modules. But the company is set to
go much further. at the town Hall session held on 23 July, managing
director Lionel Lee unveiled emaS’s growth plan and nine corporate
goals that will serve as a guide for corporate planning and performance
tracking.
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main picture: Chairman Lee Kian Soo
delivers a speech at the ceremony
aimS oF tHe neW
Corporate pLanning
FrameWorK
LiFe
• To enable management to execute
strategies consistently across EMAS’s
global offices and businesses
• To maximise the potential of all staff
• To allocate resources efficiently across
different divisions
• To align members’ personal work
goals with corporate goals
• To move EMAS forward as one
groWtH
LiFe
Saigon Shipyard (SSY) and Saigon offshore Fabrication and engineering Ltd
(SoFeL) make up emaS’s fabrication facilities in Vietnam. their open House ceremony on 20 July marked yet another proud moment for group. this was attended by bankers and analysts from dBS, oCBC, uoB, HSBC, maybank and anZ,
amongst many others.
“From converting a swampland into a shipyard, to uncovering two WWII bombs, to constructing our first vessels
when only 20% of the yard was ready… our journey has been full of challenges”, Mr Lee said during the ceremony. “We juggled yard development, bureaucratic procedures, and the building of our vessels all at the same
time. We triumphed over hurdles such as Vietnam’s ‘runaway inflation rate’ in 2008 and the burst of the global
economic bubble. the development of Saigon Shipyard has been a test of emaS’s endurance, and this success is a credit to all of us, as well as all who have worked
with us.”
The ceremony was followed by a tour of SSY and complemented by a visit to SOFEL in Vung Tau. Through the
combined facilities of SSY and SOFEL, EMAS is constructing two 6000 tonne DWT tankers and four liftboats,
which will be complete within the next two years.
through its next stage of growth, emaS is set to become a leader in the asia
pacific region and a top 10 global player in the oil and gas industry. the company will be strengthening its position in offshore marine support, expanding
its FpSo business, venturing further into the subsea arena, and expanding its
well intervention business. this is aimed at strengthening the emaS presence
in australasia and extending services in growth markets such as the americas
and West africa.
To facilitate EMAS’s plans for growth, a new Corporate Planning Framework has been adopted by
managers and staff throughout the company. This
was started when the Strategic Planning Group —
consisting of all senior management members —
spent two days at a Strategic Planning Advance to
discuss imperatives facing the EMAS Group. Following the discussion, they distilled nine focus areas to
help EMAS reach its 3 to 5 year goals. The process
was then cascaded to the company’s divisions and
departments, engaging the next level of managers to
provide more planning in line with the Group’s vision.
The Corporate Planning Framework aims to enable
global yet consistent strategy execution and maximize the potential of all staff through work-plan align-
04
at tHe CeremonY
ment. As Lionel commented, “Senior management alone cannot succeed. everyone
in the company is part of corporate
planning… we need the support of all
our staff in order to bring our company
to the next level.” This effort will be supported
the SSY office in Vietnam
by the newly formed Corporate Planning & Communications team.
From senior management to onshore
and offshore staff, emaS shall move as a
team to become a powerful force within
the oil and gas industry.
guests attend a Health, Safety and
environment briefing before touring
the yards
From left to right: Steven Lim, Jeffrey ong,
patrick Wong and Chng Hong tat, the men
who helped make this possible
SSY is a fully built-up shipbuilding facility, fitted
with cutting-edge machinery and ISO certified
for fabrication and shipbuilding. It has delivered
two self-propelled jackup rigs and is set to construct another four. The liftboats are the largest
of their kind and the first of their type to be fabricated in Vietnam.
SoFeL is now under phase two of its development. Once complete, it will feature modern
workshops equipped for offshore fabrication,
jacket fabrication, shipbuilding and repairs.
main picture: managing director Lionel Lee
describes emaS’s next phase of growth
above, top: the town Hall session was held
with the participation of all Singapore Hq
staff
above, second and third from top: the senior
management team at the Strategic planning
session
SSY facilities include block fabrication workshops, an erection/hull assembly shop and a
deep water load-out jetty
attendees were led on a guided tour
of SSY and SoFeL
emaS’s third liftboat, Lewek Lifter
05
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in the pursuit of a proactive safety culture, an attitude of intervention must be
cultivated amongst all members. in view of this, emaS adopted the accident
Control technique (aCt) in 2006 to encourage the reporting of all unsafe acts
and conditions. members are encouraged to intervene and record any unsafe
acts, conditions, or non-compliance to a specific requirement.
Response has been growing since the ACT was
put in place, with more potentially hazardous
actions discovered and reported since 2006.
Proactive intervention is not limited to EMAS’s
own vessels, but extends to all vessels, rigs,
platforms and shore installations.
LiFe
The most recent winner of the ACT Award was
Mergi Ak Kimen, a Deck Foreman on board one
of EMAS’s work barges. He contributed a total
of 155 ACT cards in 2009, 43 more than the next
winner, Dennis Ak Liman.
Captain Vincent Stephen, Fleet Safety Manager
of EMAS, remarked, “With an increase in ACT
contributions over the years, incident rates have
decreased. We are seeing more feedback from
vessels and resolving issues that may potentially
be a concern.”
From 2007 to June 2010, the total
injurious incident Frequency (tiiF)
decreased from 8.56 to 1.16. the frequency of aCt reports increased from
approximately 614 to 2970 over the
corresponding time period.
TIIF includes Loss Time Injuries, Restricted
Work Cases, Medical Treatment Cases and First
Aid Cases.
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above: deck Foreman mergi ak Kimen (left) receiving an aCt
certificate from executive director Captain adarash Kumar
(right).
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the accident Control technique (aCt) inculcates
an attitude of Proactive Intervention at the workplace. Whenever an unsafe act, condition or potential environmental violation is observed, personnel
will intervene to ensure that the situation is rectified.
Details of the intervention are then recorded in the
ACT form.
the aCt form is part of the Safety and Environment Management Manual present aboard every
EMAS vessel. Members record their ACT contributions in the form, which are collected daily
and emailed monthly to EMAS office staff.
emaS is a contractor to ptt exploration and production public Company Limited (pttep), a top
ten publicly-listed company in the Stock exchange of thailand. pttep, in turn, is a subsidiary
of ptt public Company Limited.
on 22 June, emaS was honoured by a visit from ptt Vice president (Business development)
Sokiat masunthasuwun and other Vips from the company. the guests were taken on a guided
tour of Lewek arunothai, emaS’s first Floating production Storage and offloading (FpSo) vessel.
Over the course of the full-day visit, the VIPs were given a presentation on the design and functions of the FPSO,
which is one of the largest gas FPSOs in operation worldwide. They were then treated to a tour of the processing,
mooring, cargo and production systems.
June 12 is philippines independence day, a time where celebrations of this occasion take place all over the world. this year, emaS was honoured by a request
for a Filipino emaS member to take part in a flag-raising ceremony.
the request was made by general alexander B. Yano, ambassador of the philippines to Brunei and Colonel emmanuel g. Cacdachasto, philippines defence
Secretary, connoting the close ties between emaS, Brunei and the philippines.
Bosun Francis was EMAS’s chosen representative and hoisted the flag at the Philippines Embassy in Brunei. Dressed in company coveralls,
his presence signified the importance of EMAS’s
contribution to Brunei and the Philippines. The
event was shown on TV and in the local newspapers.
06
Philippines gained independence from Spain in
1898, making this the 112th anniversary of its
independence. It was a great honor for EMAS
to be present during this important celebration
of its heritage.
right, top: general alexander B. Yano (middle) and Bosun
Francis (far right).
right, bottom: representatives from the Filipino community
in Brunei during the national anthem. Bosun Francis is on
the far left.
Jan Strauss, offshore installation manager of the FpSo, commented, “pttep is Lewek arunothai’s first client and the national oil company of thailand. emaS has enjoyed a good relationship with pttep for several years now, contracting offshore support vessels to them in
addition to our first FpSo. We hope that our guests gained a greater understanding of Lewek
arunothai through this visit, and that this will be a step towards us working together in the
future.”
Sokiat masunthasuwun voiced a similar sentiment, thanking the emaS team for their “hospitality and friendship” and saying, “We are looking at business ventures together with pttep
to develop FpSos in the future.”
Lewek Arunothai currently operates in the North Arthit field, Gulf of Thailand. While PTTEP representatives pay monthly visits to the FPSO, this is the first time PTT has visited an EMAS vessel.
main picture: (from left to right)
patcharapa Chanthick, Somkiat
masunthasuwun, Khun Jamras,
Benyanoot Satawut and Suchit
Chittirattanakorn
Bottom, top left: ptt representatives attend a presentation on
Lewek arunothai’s production
systems
Bottom, below: the ptt guests on
a plant tour
Bottom, right: Lewek arunothai
emaS’s uK-based offshore engineering arm, London marine Consultants (LmC),
recently achieved a unique engineering milestone: the design of a turret mooring
system for the world’s first Floating Storage and regasification unit (FSru). this
is LmC’s most advanced external turret to date and was developed for Saipem, a
leading turnkey oil and gas contractor. the turret is currently being mounted on
a former 135,000m3 Liquid natural gas (Lng) carrier, mV golar Frost.
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The turret can hold the FSRU on location in all
weather conditions, enabling a continuous transmission of gas to a subsea pipeline leading to
Livorno. Its design further includes large capacity gas swivels and electrical paths. With this
advanced turret mooring system, the FSRU will
have the capability to supply a substantial proportion of Italy’s gas requirements.
groWtH
LiFe
Once complete, the FSRU will have a LNG storage capacity of 137,000m3 and a production capacity of 3.75 billion standard m3/annum. It will
be permanently moored offshore Liverno, Italy,
by June 2010.
above: LmC’s latest and most advanced external turret
on 21 July 2010, six leading Vietnamese banks signed a landmark agreement to
finance the conversion of a floating production, storage and offloading (FpSo)
unit. this is the first uSd overseas bank loan to be approved by Vietnam’s central bank, the State Bank of Vietnam (SBV). it is also the first time a uSd syndicated loan has been secured by an offshore entity, and carries the distinction of
being the first ever offshore loan for Vietnam.
This landmark accomplishment is the result of
hard work by the EOC Corporate Finance team
led by Chief Financial Officer Chan Eng Yew.
Eng Yew sees this as a reflection of the close
relationship between EMAS and its partners in
Vietnam, commenting, “This package was completed in a period when the problems in the international credit markets were still unfolding.
The industry as a whole is experiencing these
the successful
completion of this transaction attests
to the relentless efforts of the team
and the strong bilateral relationships
that we have built with our banks and
partners.”
knock-on effects even today.
The contract – which is worth US$1 billion, with
all options exercised – was signed with Singa08
pore’s PV KEEZ PTE LTD, a joint venture between Ezra, EOC Limited, PetroVietnam Transportation Corporation and KSI Production Pte
Ltd. The agreement has a term of six years with
six one-year extension options.
The US$405 million FPSO, which is currently undergoing conversion, is EMAS’s second FPSO
to date. It is slated to work in the Chim Sao oilfield in offshore Vietnam will be operational in
mid 2011.
main picture: representatives from eoC, petroVietnam Finance Corporation (pVFC) and Vietin Bank
right (top): Wong Chai Vei (left), group Financial Controller
and Chan eng Yew (right), Chief Financial officer, both from
eoC Limited
right (second from top): K. K. Lim, executive director of eoC,
initials the contract
The engineering accomplishment is a step forward for FSRU technology. “An increasing proportion of the world’s energy needs is being
provided by transporting LNG by sea from the
producers to users,” says Richard Martin, Executive Director of LMC. “However, countries are
reluctant to build LNG terminals onshore, particularly close to centres of population, because
of the potentially severe consequences of explosion. The alternative is to locate the LNG storage
offshore with an external column turret, where it
can safely receive LNG from trading tankers and
export gas to the energy grid onshore.
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We believe that the Livorno FSru will
be a prototype for future models.”
LMC is the leading designer of external turret
systems. Their track record includes 8 turret
mooring systems in use or under construction,
including an internal turret for Premier Oil Vietnam.
emaS energy Services (thailand) Ltd. – also known as eeSt – was recently mobilised by Salamander
energy to run a test string in a well in Laos. this is the first time a new, highly sophisticated 600K hydraulic catwalk was deployed, making operations faster and tubular handling safer; it is also the first
international operational project for eeSt, which necessitated the largest equipment spread and manpower ever provided by the division on a single project. as the project involves one of the first few wells
to be drilled in Laos, it gathered the support and interest of the Laotian government.
Bob Davidson, Director of EEST, sees the project as a series of
operational and technical challenges that the team worked hard
to solve. “As there is no oil and gas infrastructure in the country,
we had to mobilize more equipment that would normally in order
to support the operation,” he says. “We also solved technical
problems such as completing the cement milling phase by replacing a failed third-party mud motor with our own rotary head,
which impressed the client.
Lewek Explorer 600 in particular received several compliments.
It was the first time the client had seen a unit with all the hydraulic and electronic functions of a hydraulic catwalk, plus remote
control and electronic touch-screen displays.”
The contract for this 42-day project was awarded directly by
Salamander Energy, an independent upstream exploration and
production company focused on Asia. The two companies previously worked together on the Apico well test project in Thailand, also with an HWO unit.
The future looks bright for EEST, with more HWO projects
planned with other operators for both onshore and offshore
locations. To date, EEST has the highest number of hydraulic
workover units in the Asia Pacific region.
right: Lewek explorer 600 in action
09
June-auguSt BirtHdaYS
who says work and fun are mutually exclusive?
“The human race has only one really effective
weapon, and that is laughter. The moment it
arises, all our hardnesses yield, all our irritations
and resentments slip away and a sunny spirit
takes their place.”
— Mark Twain
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BeSt WiSHeS to
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Fun at work boosts morale, reduces stress and increases team spirit. With this in mind, diana Yeo, general manager (Corporate Services), recently spearheaded an initiative known as Fun@WorK. members
of the Human resources team and various managers
have been descending on emaS personnel bearing
gifts and food. their jester hats and joyful smiles have
become a trademark around the office and shipyard!
LiFe
Lim Kai Huat, Organization Development Manager of the Human
Resources team, comments, “We sincerely hope that our fellow
EMAS-ians enjoy and appreciate all the efforts thus far to bring
some element of “FUN” to our work environment. We believe in improving your welfare, physical well-being and spirit as YOU play an
important part in the success of the company. As part of continual
improvement, we welcome suggestions on how we can continue to
Irene Ang Chwee Peng
Aung Baw Hein
Goh Jia Ming
Francis Goh Kok Hiong
Jason Cruz Clemente
Jethro Cabasag Vergara
Karavadi Murali Krishna
Lim Bee Ping
Alexander Loh Txong Ch’ang
Michael Teh Chee Yeang
Mohamed Akbar Bin Jamil
Michael Ng Ching Hwee
Nguyen Quyet Huong
Ong Yi Min
Quah Hui Ping Shellen
Sethuraman Pugalenthi
Settu Ramadass
Siva Ruban
Sunil Singh
Doris Tan Hwee Hwa
Madeline Yeo Lee Ping
Diana Yeo Suan Geik
Adeline Yeoh Lee Hiang
Philippus Geerling
Mandy Loh
Syaiful Akmal
Jerry Tan
Lim Kwee Keong
Kaspar Hebblewhite
Stortelers Willem
Oates Ian David
Suzan Tee
Mamang Nuriedi
Suniartie Binte Sudyono
Steven Song
Annar Le
Karin Chen
Corrina Tee
Penaranda Jose Rainier Antig
Kua Hock Hwa
M Naser Bin Jema’at
tHe Fun Squad
diana Yeo
Janice Xu
Senthamarai Balakrishnan
Suniartie Sudyono
Lin Xiaoping
Karin Chen
Karen tan
Lim Kai Huat
engage everyone through Fun@Work.”
Let’s all bring out that ability to laugh, dust it off, and
go for the gold!
pHoto oF tHe montH
announCement
EMAS’s new Photo of the Month column is devoted to interesting pictures taken by
our onshore and offshore staff. Want your photographs published? Send samples to
[email protected]. Photos must be at least 1000 pixels and in .jpg format.
Please include a brief description of the shot (no more than 100 words) and your name.
Credits and thanks to nadeL JoSepH for this idea!
10
Krishnamoorthy Ravikumar
Loh Kay Cheong
Habeeb Mohamed Mohamed
Khalifa
Jennifer Chew
Wee Li Lian
Eric Tan
Pamela Tay
Andrew Tang
Wendy Chua
Kenny Ho
Thanjavour Rajaram Prabhuram
Hayati Binte Hassan
Rajendra Singh
Louis Jacobus Nel
Cheng Ho Lam Fredy
Michael James Rendall
Chris Yoon
Esther Loh Geok Leng
Soni Harish Babulal
Ralia Fajri
Gamaliel Lirasan Gravino
Vinod Janardanan
Goh Hseng Wei Jason
Dennis Chua
Bell Joreen Wong
Cheng Hoe Yang Esther
Mahezabeen D/O Ali Hussen
Dohadwala
Yadav Renu
Chan Wing Sum Florence
Yeo Shan Shen Ryan
Ong Hanni
Wu Mei Yi Elizabeth
Nikolai Wedemeyer
Senthamarai D/O
Balakrishnan
Leong Siew Mui Emmy
Ng Eng Chew Angie
Pang Chik Woei
groWtH
LiFe
ContriButorS
Editors
Writers
Designers
Lee Cheh Hsien
Khoo Li Ying
Khoo Li Ying
Lim Kairen
Eva Chin
Khoo Li Ying
Eva Chin
Special thanks to
Asle Bjornstad, Bob Davidson, Darren McCormick, Diana Yeo, Jan
Strauss, Jeffrey Ong, Jon Dunstan, Kritasup Maneephak, Lim Kai
Huat, Lily Ong, Lourenzo van Niekerk, Loo Hin Loy, Lloyd Biggers,
Maarten Vanderkleijn, Nadel Joseph, Capt. Phil Morris, Richard
Martin, Robin Kirkpatrick, Sean Liu, Shawn Teo, Siva Ruban,
Capt. Vincent Stephen, and Yan Naing Aung!
Write to uS
Do you have an article or opinion you would like to share?
Email us at [email protected]!
11
Singapore
Headquarters
15 Hoe Chiang Road
#15-01 Tower Fifteen
Singapore 089316
Tel: (65) 6349 8535
Fax: (65) 6345 0139
AUSTRALASIA
Brunei
Lot 5481 Jalan Pandan Empat
Kuala Belait KA 1931
Negara Brunei Darussalam
INDIA
T-3 Kalpataru, Doctors Colony,
Visakhapatnam, India
Kuala Lumpur
BAYU EMAS MARITIME SDN BHD
Suite 3A-17, Level 17
Block 3A Plaza Sentral
Jalan Stesen Sentral 5
50470 KL, Malaysia
PERTH
Emas Offshore Services (Australia)
Pty Ltd
Suit 6, 136 Main Street
Osborne Park WA 6017
PO Box 480
Osborne Park WA 6917
VIETNAM
99 Quarter 3, Thanh My Loi Ward, Dist 2
Ho Chi Minh City, Vietnam
Thailand
Rasa Tower, Tower II, Unit no. 1104
11th floor, 555 Phaholyothin Road
Chatuchak, Chatuchak,
Bangkok 10900, Thailand
AMERICAS
Houston
Emas Subsea Services LLC
1772 West Sam Houston Parkway North
Houston, Texas 77043, USA
EUROPE
London
LONDON MARINE CONSULTANTS
Pinnacle House
23-26 St Dunstan’s Hill
London EC3R 8HN
Norway
Visiting address:
Stranden 1A, 4th Floor,
Aker Brygge, Oslo, Norway
Postal address:
Postboks 1329 Vika,
0112 Oslo, Norway
W. Africa
Nigeria
Lagos: 24 Erastus Akingbola St
Lekki Ph. 1 Lagos
Port Harcourt: 180 NTA/Choba Road,
Port Harcourt, Nigeria
WEBSITE
www.emasoffshore.com
CONTACT
[email protected]