Axess AS, Molde, Norway. Tel.: +47 98 24 36 00, E-mail: post@axess.no, www.axess.no

En lokal aktør med global spisskompetanse –

Axess AS, Molde, Norway. Tel.: +47 98 24 36 00, E-mail: post@axess.no, www.axess.no

En lokal aktør med global spisskompetanse –

Axess Holding AS

MD Børge Gjeldvik

Location: MoldeEstablished 2005

Axess AS100%

MD Børge Gjeldvik

Location: Molde

18 empl.Established 1998

Axtech AS58,82 %

MD Kjell Ødegård

Location: Molde

10 empl.Established 2004

Axess Offshore Service AS66 %

MD Frode Tolcsiner

Location: Kristiansund

22 empl.Established 2004

50 dedicated and highly educated professionals

Axess AS, Molde, Norway. Tel.: +47 98 24 36 00, E-mail: post@axess.no, www.axess.no

En lokal aktør med global spisskompetanse –

Development 2000-2006

Axess, AXTech og AOS

5 00015 00025 00035 00045 00055 00065 00075 00085 00095 000

105 000

2000 2001 2002 2003 2004 2005 E 2006 E

År

NO

K i

1000

Driftsinntekter Driftskostnader Driftsresultat

Axess AS, Molde, Norway. Tel.: +47 98 24 36 00, E-mail: post@axess.no, www.axess.no

En lokal aktør med global spisskompetanse –

Development - Axess Group 1999-2006

1999 2000 2001 2002 2003 2004 2005 2006 E

Turnover 2 412 15 050 19 085 38 273 27 254 41 77365

000 100 000

EBITDA 86 1 857 2 037 3 615 1 967 3 511 8 300 13 000

Pre tax margin 4 % 12 % 11 % 8 % 7 % 9 % 13 % 13 %

Axess AS, Molde, Norway. Tel.: +47 98 24 36 00, E-mail: post@axess.no, www.axess.no

En lokal aktør med global spisskompetanse –

Axess AS, Molde, Norway. Tel.: +47 98 24 36 00, E-mail: post@axess.no, www.axess.no

En lokal aktør med global spisskompetanse –

ClientsDrilling / Rig Companies 60%;

– Smedvig Offshore– Transocean Offshore– Ocean Rig– Diamond Offshore – Stena Drilling– Prosafe– Awilco Offshore– Odfjell Drilling– Dolphin– OSM Offshore– KCA Deutag– Saipem

Licensee/ oil companies 30%;– Statoil– ConocoPhillips– Shell– Hydro– PGS Production

Service Companies 10%;

– National Oilwell– Schlumberger– Oceaneering– Halliburton– Altinex– Vetco Aibel– Baker Oil Tools– IP Huse– Polycrest– Sonsub Ltd (UK)– APL– Menck / McDermott– Van Oord ACZ B.V.– AkerKværner – DSND

Turnover by departement:Inspection 30 %Enterprise of Competence 30 %Engineering and technology 40 %

30% of turnover is exported

Axess AS, Molde, Norway. Tel.: +47 98 24 36 00, E-mail: post@axess.no, www.axess.no

En lokal aktør med global spisskompetanse –

References and “brand” clients:

• Certified by Norwegian Maritime Directorate and Norwegian Petroleum Directorate for conducting inspections and certification of cranes and lifting appliances.

• Frame contract with Petroleum Safety Authority Norway

Axess AS, Molde, Norway. Tel.: +47 98 24 36 00, E-mail: post@axess.no, www.axess.no

En lokal aktør med global spisskompetanse –

Organisation - Strength

• “A dedicated and continued focus on key success factors that will meet or exceed the industry's expectations”

•

Axess AS, Molde, Norway. Tel.: +47 98 24 36 00, E-mail: post@axess.no, www.axess.no

En lokal aktør med global spisskompetanse –

Engineering Inspection

Services/ Departements;

Enterprise of

Competence

Axess AS, Molde, Norway. Tel.: +47 98 24 36 00, E-mail: post@axess.no, www.axess.no

En lokal aktør med global spisskompetanse –

Enterprise of Competence

• Certification of Cranes and Lifting equipment

• Annual surveys of lifting equipment (NORSOK R-003 N, NMD, LOLER)

• Complete annual lifting equipment survey on 24 rigs in 2005

Axess AS, Molde, Norway. Tel.: +47 98 24 36 00, E-mail: post@axess.no, www.axess.no

En lokal aktør med global spisskompetanse –

• Structural design/ analysis• Sequence of failure analysis of cranes and

foundations• Fatigue and life cycle analysis• Personnel lifting modes• AOPS, MOPS• Analyses of old equipment towards new rules

(GAP)• FMECA, HAZOP, LCC, RCM and RBI analysis

Engineering Technology

Engineering tools

• 2D/3D CAD and Solidworks• 3D FEM, Ansys, Ideas and Staad Pro, MATHCAD solutions• Customized calculation programs for lifting operations

Axess AS, Molde, Norway. Tel.: +47 98 24 36 00, E-mail: post@axess.no, www.axess.no

En lokal aktør med global spisskompetanse –

• Development, design, delivery, installation and service of new equipment

• Upgrades and modifications of existing lifting and drilling equipment

Axess Lifting Technology

Axess AS, Molde, Norway. Tel.: +47 98 24 36 00, E-mail: post@axess.no, www.axess.no

En lokal aktør med global spisskompetanse –

Inspection Technology• Development of inspection programs for process equipment and

structures.

– To improve safety for personnel, environment and equipment– To have predictable inspection and maintenance costs

• Evaluation of inspection results• Implementation of inspection programs

Axess AS, Molde, Norway. Tel.: +47 98 24 36 00, E-mail: post@axess.no, www.axess.no

En lokal aktør med global spisskompetanse –

Inspection Technology

On site inspection

All NDT methods, Video inspectionCustomized equipment for special inspection.

Axess AS, Molde, Norway. Tel.: +47 98 24 36 00, E-mail: post@axess.no, www.axess.no

En lokal aktør med global spisskompetanse –

Axess is also located at Vestbase inKristiansund with technical services.

• Radiographic testing• Ultrasonic testing• Eddy current testing• Magnet particle testing• Penetrant testing• Video inspection• Thermography• Hardness testing• Positive material identification• Special inspection• Rope access technique service• Drilling tools inspection• Lifting equipment inspection• Load testing

Inspection Technology

Axess AS, Molde, Norway. Tel.: +47 98 24 36 00, E-mail: post@axess.no, www.axess.no

En lokal aktør med global spisskompetanse –

The future for Axess…

• High oil price give high activity in our core markets

– Inspection and maintenance of existing installations

– Projects in upgrading existing offshore installations

– New building projects – high activity until 2009

Axess AS, Molde, Norway. Tel.: +47 98 24 36 00, E-mail: post@axess.no, www.axess.no

En lokal aktør med global spisskompetanse –

Challenges for Axess…

•Predictable growth

•Recruiting of competent and experienced personnel

•Successful HSE work