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Delta SubSea LLC. – Best in Class Deepwater Solutions Provider of: ROV Services Project Management / Engineering Complete Tooling Solutions May 31, 2017

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Page 1: Delta SubSea LLC. – Best in Class · Delta SubSea LLC. – Best in Class ... FEA Structural ... of subsea oil installations and construction support in the Gulf of Mexico (GoM)

Delta SubSea LLC. – Best in ClassDeepwater Solutions Provider of:

• ROV Services• Project Management / Engineering

• Complete Tooling Solutions

May 31, 2017

Page 2: Delta SubSea LLC. – Best in Class · Delta SubSea LLC. – Best in Class ... FEA Structural ... of subsea oil installations and construction support in the Gulf of Mexico (GoM)

Delta SubSea – Best in Class

Company Overview▷ Delta SubSea (“DSS”) was formed in May 2013 through the contribution of Scott Dingman’s existing

consulting & engineering business (founded in 2004) and equity capital from CSL CapitalManagement. Dingman rolled over 90%-plus of his equity value into DSS.

▷ Following years of industry consolidation, Delta SubSea is currently the only global independentintegrated ROV solutions provider.

– DSS is independent in that, unlike its ROV peers, it is not owned by a company that also hasbusiness units that compete with its ROV clients.

– DSS is integrated in that it offers project management, engineering, tooling solutions and CADservices along with its ROV services.

▷ The Company is led by an experienced management team who have spent their careers at leadingoffshore oil & gas firms such as Oceaneering, Helix, Subsea7, C-Innovation, Aker Solutions, EMAS,McDermott, and Saipem.

▷ DSS operates a brand new fleet of FMC-Schilling HD ROVs. DSS has a growing crew of experiencedROV pilots, technicians, and supervisors.

▷ DSS is backed by capital from CSL Capital, Longfellow Group (ex-oilfield CEO’s family office) andWhitney Bank. The co-founder of Cal-Dive, a pioneering offshore services business, is also anactive personal investor. We continue to enjoy a primary banking relationship with Whitney Bank.

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Delta SubSea – Best in Class 3

Delta SubSea – Who We Are

Delta Marine Technologies, Inc. / Delta SubSea LLC. (DSS) was founded in 2004 as an International Full services Deepwater Solutions Provider to the world’s offshore energy industries. We employ multi-disciplined professionals that have a proven track record in the maritime and offshore construction industry who combine their engineering , subsea and marine knowledge with practical experience to provide our clients with innovative solutions through excellence in Project Management Services and Best in Class execution.Delta offices are located in:

▷ Montgomery, Texas - Corporate Offices / Warehouse / Tooling Solutions Facility (Delta SubSea LLC.) ▷ Al-Khobar, The Kingdom of Saudi Arabia (Delta SubSea International LLC. / AlSuwaiket)▷ Newfoundland, Canada (Delta Marine Technologies)▷ Port of Spain, Trinidad (SubSea T&T Limited / BIDCO Limited)▷ Singapore – Warehouse and Business Development SEA region▷ Belgium – Business Development Europe region▷ Israel – Mediterranean Regional Office

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Delta SubSea (“DSS”) is a leading integrated independent provider of offshore services including ROV services, project management / subject matter experts, and customized deepwater tooling. Our mission is to provide integrated and innovating Best-in-Class solutions to our customers.

Delta SubSea – Best in Class

Our Mission

Page 5: Delta SubSea LLC. – Best in Class · Delta SubSea LLC. – Best in Class ... FEA Structural ... of subsea oil installations and construction support in the Gulf of Mexico (GoM)

2013 2014 2015 2016Number of Near Misses: 1 4 1 4

Number of First Aid Cases: 0 3 2 3

Number Occupational Healthy Diseases: 0 0 0 0

Number of Medical Treatment Cases: 0 1 0 0

Number of Work Restricted Cases: 0 0 0 0

Number of Lost Time Incidents: 0 0 0 0

Number of Fatal Injuries: 0 0 0 0

Total Recordable Injury Rate TRIR: 0.00 0.95 0.00 0.00

Lost Time Injury Rate LTIR: 0.00 0.00 0.00 0.00

Man‐hours: 97,152 209,676 183,130 133,558

Rolling Years 5 Year 3 Year 1 Year

Man Hours: 731,392 526,364 133,558

Total Recordable Injury Rate (TRIR): 0.27 0.38 0.00

Lost Time Injury Rate (LTIR): 0.00 0.00 0.00

DSS HSE Statistics

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DSS Financial Summary

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Delta SubSea – Best in Class

ISO 9001 & 14001 & OHSAS 18001 Certified

Page 8: Delta SubSea LLC. – Best in Class · Delta SubSea LLC. – Best in Class ... FEA Structural ... of subsea oil installations and construction support in the Gulf of Mexico (GoM)

Delta SubSea – Best in Class

IMCA Certified & FCPA Certified thru TRACE

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Delta SubSea – Best in Class

Master Service Agreements

Majors and IndependentsOffshore Midstream/Pipeline

OperatorsOffshore Oilfield Service Providers

MSAs in place with our customers

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Delta SubSea – Best in Class

ROV Services

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2014: Total ROV Available Time  17,927Total Uptime (%)  99.5% (=.5% DT)

2016: Total ROV Available Time  65,765Total Uptime (%)  99.999%

And we improved…… this down to .0005% DT

DSS 2014/15/16 ROV Fleet Status Report

Operation Hours,  12,490 

Down Time, 247

2014

Operation Hours Down Time

Operation Hours, 63940

Down Time, 49:56

2015

Operation Hours Down Time

[CATEGORY NAME],65765

[CATEGORY NAME]34:10

2016

Operation Hours Down Time

2015: Total ROV Available Time  64,468Total Uptime (%)  99.999%

And we improved…… this down to .0008% DT

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Delta SubSea – Best in Class

DSS: Maximizing Uptime or should we say minimizing Downtime! In this tight commodity priced market…

Personnel

Crew has 8 avg. years ROV experience. DSS has full training center, system

simulator, T-4 / ATLAS manipulator trainer and electronic courses.

Spares

< 1 hour part replacement supported by $10.5mm inventory of system spares and

long lead items not normally stocked by our competitors at the DSS warehouse and

100% redundancy at global Schilling locations.

Schilling 2013 ROVs

We at DSS have made a working relationship with Schilling Robotics as their

second largest customer to provide the BEST in CLASS services and up time to our

clients with the newest technology and state of the art equipment.

Service

DSS has on staff fulltime technical managers in hydraulics, tooling , and

electronics each with an average career time of 15 years+/-. Schilling has seconded personnel to DSS for

comprehensive support that office in our corporate headquarters for our initial year of

operations.

Tooling

DSS has inventoried $10 m of tools, including long-lead items.

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Delta SubSea – Best in Class

DSS Differentiation

Key Takeaways Schilling HD 150 HP

▷ New state-of-the-art equipment and support and service commitment means higher uptime.

▷ Frame agreements and MSAs with industry powerhouses.

▷ Spare parts philosophy leads to increased utilization and uptime.

▷ Training center, ROV pool and ROV simulator.

▷ Experienced, professional, responsive ROV crews.

▷ Non-vertically aligned independent ROV service/solutions provider.

▷ Engineering capabilities for custom solutions.

▷ ISO 9001, ISO 14001, and OHSAS 18001 certified.

▷ IMCA contractor.

▷ ISNetworld Registered

▷ Dun and Bradstreet Registered

▷ Operational fleet of 10 X HD Schilling (150HP) units

▷ Orders for additions to our fleet of the UHD-III 250 HP Units

Schilling UHD- GEN III / 250 HP / API 53 Pumping rates

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Delta SubSea – Best in Class

Consulting & Engineering

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Delta SubSea – Best in Class

Subsea Project Management

Delta Project Management teams are involved in projects from FEED to execution phases; production to decommissioning, to ensure our customers’ success in all aspects of subsea field development including:

▷ Project Management▷ Pipeline Installation Lead▷ Umbilical Installation Lead▷ Manifold & Structures Installation Lead▷ Pre-commissioning Lead▷ Manage concept & design of installation aids and specialized Diving &

ROV tooling;▷ Installation engineering for Diver & ROV installed equipment and

structures;▷ Suitability of construction equipment;▷ Tie-down, rigging & lift analysis;

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Delta SubSea – Best in Class

Tooling Solutions

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Delta SubSea – Best in Class

DSS Tooling Solutions - Organization

Engineering

▷ Subsea Engineering▷ Hydraulics▷ Electronics▷ 3D Modeling▷ FEA▷ Structural Analysis▷ Technical▷ Documentation

Engineering

▷ Subsea Engineering▷ Hydraulics▷ Electronics▷ 3D Modeling▷ FEA▷ Structural Analysis▷ Technical▷ Documentation

Manufacturing

▷ Mechanical Assembly▷ Hydraulic Assembly▷ Electronic Assembly▷ Testing

Manufacturing

▷ Mechanical Assembly▷ Hydraulic Assembly▷ Electronic Assembly▷ Testing

Supply Chain

▷ MRP Management▷ Procurement▷ Shipping and

Receiving▷ Warehouse

Supply Chain

▷ MRP Management▷ Procurement▷ Shipping and

Receiving▷ Warehouse

Assets/Operation Support

▷ Assets Management▷ Repair and Maintenance▷ Field Operations▷ Offshore assistance▷ Tool Pool

Assets/Operation Support

▷ Assets Management▷ Repair and Maintenance▷ Field Operations▷ Offshore assistance▷ Tool Pool

Management

▷ Business Management▷ Project Management▷ Business Development

Management

▷ Business Management▷ Project Management▷ Business Development

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DSS Tooling Solutions – Already 5 x Patents applied for in just 36 months

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Delta SubSea – Best in Class

DSS Vessels – U.S. Flagged Jones Act Vessels

DSS HOS Bayou(U.S. Solution)

DSS Harvey Steeler(U.S. Solution)

DSS HOS Woodland(U.S. Solution)

DSS HOS Mystique(U.S. Solution)

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Delta SubSea – Best in Class

DSS HOS Woodland – GoM IMR – LCV

The HOS Woodland is a 310 class HOSMAX vessel designed to “go deep,” delivering next‐generation technology, increased capacity and unmatched efficiency ‐ all while meeting or exceeding the latest stringent emissions and environmental requirements. Equipped with two Delta SubSea Schilling HD 150 HP work‐class remotely operated vehicles (ROVs) from DSS’s fleet of ROVs, the HOS Woodland is capable of performing inspection, maintenance and repair (IMR) of subsea oil installations and construction support in the Gulf of Mexico (GoM). In addition to IMR work, this vessel package is designed to perform a variety of deep‐water services, such as SURF installation, decommissioning activities, drilling support and deep‐water well intervention projects.

Specifications:▷ Length: 302 ft▷ Gross: <4462 GT▷ Flag: U.S.▷ Max speed: 12.0 kts 280 gal/hr (1060 l/hr) ▷ Total Power: 9,000kW▷ Deck Area: 183 ft x 74 ft (12,005 ft²)▷ Helideck Diameter: 73 ft (22.25 m)

Crane:▷ 250 t (AHC) 4,000 m wire

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Delta SubSea – Best in Class

DSS HOS Bayou – GoM IMR – LCV

The HOS Bayou is one of the newest U.S.-flagged Jones Act-compliant MPSV on the market today. Equipped with two Delta SubSea Schilling HD 150 HP work-class remotely operated vehicles (ROVs) from DSS’s fleet of ROVs, the HOS Bayou is capable of performing inspection, maintenance and repair (IMR) of subsea oil installations and construction support in the Gulf of Mexico (GoM). In addition to IMR work, this vessel package is designed to perform a variety of deep-water services, such as SURF installation, decommissioning activities, drilling support and deep-water well intervention projects.

Specifications:▷ Length: 302 ft▷ Gross: <4462 GT▷ Flag: U.S.▷ Max speed: 12.0 kts 208 gal/hr (787 l/hr) ▷ Total Power: 7,300kW▷ Deck Area: 155.2 ft x 62.9 ft (9,765 ft²)▷ Helideck Diameter: 72 ft (22.25 m)

Crane:▷ 150 t (AHC) 3,000 m wire

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DSS HOS Mystique – GoM IMR – LCV

Specifications:▷ Length: 250 ft▷ Gross: 2,391 GT▷ Flag: U.S.▷ Classifications: +DPS-2, A1,AMS,ACC, Loadline OSV▷ Max speed: 12.0 kts 250 gal/hr (946.3 I/hr) ▷ Horsepower: 5,586 bhp▷ Deck Area: 114 ft x 45 ft (5,130 ft²)

DSS ROV Fleet Includes:▷ ROV: 150 HOP work class ROV▷ LARS and Winch: 3,300 m Umbilical▷ Tether Management System: 450 m or 850

m Tethers▷ Vans: DNV Safe Area Certification

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DSS Harvey Steeler– GoM IMR – LCV

Specifications:▷ Length: 220 ft▷ GRT (ITC): 98▷ Flag: U.S.▷ Classifications: ABS▷ Max speed: 13.50 kts 115 gal/hr (435.3 I/hr)▷ DP burn rate: 45 gal/hr (170.4 I/hr)▷ Horsepower: 3,150 bhp▷ Deck Area: 146 ft x 40 ft (5,840 ft²)

DSS ROV Fleet Includes:▷ ROV: 1 and/or 2 x Schilling Robotics HD 150▷ LARS and Winch: 3,300 m Umbilical▷ Tether Management System: 450 m or 850 m Tethers

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Delta SubSea – Best in Class

Team Delta SubSea

Have a great day from the Delta SubSea Team!