Presentation at Swedbank s Nordic Energy Summit - 20 March Atle Sæbø EVP & CFO

Size: px
Start display at page:

Download "Presentation at Swedbank s Nordic Energy Summit - 20 March Atle Sæbø EVP & CFO"

Transcription

1 Presentation at Swedbank s Nordic Energy Summit - 20 March 2014 Atle Sæbø EVP & CFO

2 Our people Our assets Our clients ~3,100 employees worldwide Modern and high capability assets Long term relationships with solid operators Page 2

3 Odfjell Drilling 40 years of drilling experience 1970s s s An offshore pioneer in Norway Business expansion Technology innovation and fleet renewal Page 3

4 An integrated partner for ultra deepwater and harsh environment operations Mobile Offshore Drilling Units (MODU) Well Services Drilling & Technology Modern fleet of UDW and harsh environment drilling units Extensive drilling experience Provision of integrated management services for drilling units Casing and tubular running services Drill tool and tubular rental Services in more than 20 countries from 11 bases in Europe, the Middle East and Asia One of the leading contractors in the North Sea platform drilling market Drilling engineering services Established competence for the latest generation technology Revenue 1 EBITDA 1 Revenue 1 EBITDA 1 Revenue 1 EBITDA 1 17 % 22 % 26 % 6 % 57 % 72 % 1) FY 2013, before group eliminations and corporate overheads. Financials for Mobile Offshore Drilling Units includes the group's 40% share of revenue and EBITDA of Deep Sea Metro Ltd Page 4

5 Mobile Offshore Drilling Units (MODU)

6 MODU fleet of advanced ultra deepwater and harsh environment drilling units Semisubmersibles Owned 100% Deepsea Bergen (1983) Deepsea Atlantic (2009) Deepsea Stavanger (2010) Deepsea Aberdeen (expected delivery Oct/Nov 2014) 40% 40% 10% 10% 10% Drillships Partly owned Deepsea Metro I (2011) Deepsea Metro II (2011) Guarapari (expected delivery 2016) Itaoca (expected delivery 2017) Siri (expected delivery 2018) Construction year Midwater Ultra deepwater 6

7 MODU - Dayrates, contract status and options Drilling unit Location /operator Current day rate (USD/day) 1 Contract status Deepsea Stavanger Angola BP Angola 420,000 Unpriced Unpriced Deepsea Atlantic NCS Statoil 560,839 / 586k Deepsea Aberdeen UK BP Exploration 454,775 Deepsea Bergen NCS Statoil 361k Deepsea Metro I East Africa BG and Ophir Energy 676,471 Deepsea Metro II Brazil Petrobras 432,598 2 Unpriced 3 Deepsea Guarapari Brazil Petrobras 518,457 4 Deepsea Siri Brazil Petrobras 528,697 4 Deepsea Itaoca Brazil Petrobras 524, Contract Option Construction 1) Rates may include mix of currencies and fluctuate based on exchange rates. 2) In addition to the day rate there is a bonus element of up to 10% linearly from 93% to 98% utilization. 3) Up to 1,095 days 4) In addition to the day rate there is a bonus element of up to 15% linearly from 93% to 98% utilization. Contract length for each of the units is 15 years from commencement of operations Page 7

8 MODU - financials MODU Key Financials (USDm) Condensed P&L - (USD million) Q4 13 Q4 12 FY 13 FY 12 Revenues Operating revenue EBITDA Depreciation and impairments EBIT Note: MODU Segment includes pro-rata 40% of Deep Sea Metro figures FY 2013 EBITDA margin of 44% FY 2013 EBIT margin of 27% Financial Utilisation 1 Deeps ea Stavanger Deeps ea Atlantic Deeps ea Bergen Deepsea Metro I Deepsea Metro II 2 FY 13 FY % 79.0% 98.7% 98.0% 97.9% 97.0% 98.7% 97.5% 78.7% 72.4% Firm contract backlog YE 2013 of USD 2,246 million with USD 663 million in 2014 Q4 13 Q4 12 FY 13 FY 12 EBITDA Q4 13 Q4 12 FY 13 FY 12 1) Financial utilisation is measured on a monthly basis and comprises the actual monthly invoice amount (encompassing different hourly day rates) for all hours in a month, expressed as a percentage of the full day rate for all hours in a month 2) DSM II commenced operations for Petrobras on 17 May 2012 Page 8

9 Drilling & Technology

10 A leading platform drilling operator in the North Sea Platform Drilling Operations on 20 platforms in Norway and UK Provider of integrated drilling and maintenance services for fixed and floating drilling units Strong platform for sale of add-on services from Technology and Well Services First platform contract with Mobil on Statfjord B in 1978 Grane Heidrun Njord Sleipner A Visund Snorre A Snorre B Mariner 4 Claymore Clyde Saltire Piper Tartan Fulmar Clair Andrew Bruce Magnus Clair Ridge Brage Harding 1,100 employees Focus on use of modern equipment and advanced technology Firm contract backlog YE 2013 of USD 801m with USD 222m in 2014 Contract value of options of USD 1,523m 10

11 Strong engineering capabilities and reputation for technology development Highly competent engineers supporting all business segments MODU Newbuilding services Yard stay / SPS / upgrading services Well Services Engineering support for Well Services Technology implementation / innovation Tubular running services Platform Drilling Engineering support for drilling systems Upgrade and renewal of drilling equipment and systems Proven engineering capabilities: 31 newbuild MODU projects since 1973 More than 70 commissioning, upgrade and renewal projects Four delivered 6 th generation newbuilds since 2009 Technology achievements yielding increased efficiency in operations Automated drilling operations Real-time onshore/offshore collaboration Remote operated casing running Several patents registered and applications pending Page 11

12 Drilling & Technology - financials Drilling and Technology Key Financials (USDm) Condensed P&L - (USD million) Q4 13 Q4 12 FY 13 FY 12 Operating revenue EBITDA Depreciation and impairments EBIT Revenues FY 2013 Revenue of USD 352 million FY 2013 EBITDA of USD 25 million FY 2013 EBITDA margin of 7% Q4 13 Q4 12 FY 13 FY 12 EBITDA FY 2013 EBIT margin of 6% 10 6 Q4 13 Q4 12 FY 13 FY 12 Page 12

13 Well Services

14 Advanced Well Services portfolio Strong position in remote operated handling equipment for safe and cost efficient offshore drilling Large inventory of high quality tools and equipment accumulated cost price exceeding USD 350m in 2013 In-house product and technology development Double digit revenue CAGR 1 from 2009 to 2013 and average EBITDA margin of ~44% in the period Casing and tubular running services Tubular running services fully automated and conventional Specialised equipment and trained offshore drilling personnel Drill tool and tubular rental Drilling tubulars and related drilling accessories 1) Compounded annual growth rate. 14

15 Well Services - Serving more than 20 countries from 11 bases Europe Norway UK Netherlands Romania Broad mix of external clients Americas Brazil (ongoing expansion) Odfjell Well Services regional head office Odfjell Well Services bases Odfjell Well Services operations (rental or casing) Middle East, Asia & Africa Dubai, UAE Abu Dhabi, UAE Saudi Arabia Turkmenistan Kurdistan Jordan Thailand Vietnam Top 10 external customers comprise approximately 60% of total Well Service revenues Long term relationship with the most active operators and drilling contractors in the North Sea Page 15

16 Well Services - financials Well Services Key Financials (USDm) Condensed P&L - (USD million) Q4 13 Q4 12 FY 13 FY 12 Revenues Operating revenue EBITDA Depreciation and impairments EBIT FY 2013 Revenue of USD 227 million Q4 13 Q4 12 FY 13 FY 12 FY 2013 EBITDA of USD 105 million FY 2013 EBITDA margin of 46% EBITDA FY 2013 EBIT margin of 29% Q4 13 Q4 12 FY 13 FY 12 Page 16

17 Odfjell Drilling Group Page 17

18 Group financial results Condensed consolidated income statement P&L -(USD million) Q4 13 Q4 12 FY 13 FY 12 Operating revenue Other gains/losses Share of profit/(loss) from joint ventures Personnel expenses Other operating expenses EBITDA Depreciation and impairments Operating profit (EBIT) Net financial items Profit/(loss) before tax Income taxes Profit/(loss) for the period Increased Group EBITDA margin from 30% in 2012 to 33% in 2013 Page 18

19 Group - financial position Group statement of financial position Assets (USDm) 31 Dec Dec 12 Intangible assets Property, plant and equipment Financial fixed assets Total non-current assets Equity and liabilities (USDm) 31 Dec Dec 12 Total paid-in capital Other equity Non-controlling interests - 29 Total equity Trade receivables Other current assets Cash and cash equivalents Total current assets Total assets Group gross interest bearing debt at YE 2013 was USD 1,272 million (net of capitalized financing fees) Undrawn debt facility for Deepsea Aberdeen of USD 530 million. The borrowing facility is available at delivery. Cash at YE 2013 was USD 201 million Equity-ratio as per 31 December 2013 was 41% Borrowings Post-employment benefits Deferred tax liability 18 - Other non-current liabilities Total non-current liabilities Borrowings Trade payables Other current liabilities Total current liabilities Total liabilities Total equity and liabilities Page 19

20 Earnings visibility through USD 3 billion firm order backlog Total revenue backlog per year (for firm contracts and priced option periods) 1 USD million Firm Options Firm contracts Priced options Total backlog USD 3.0 billion USD 2.1 billion USD 5.1 billion After Revenue for Well Services, Technology and MODU Management is not included in the revenue backlog USD 885 million of firm backlog for 2014 represents 75% of the last twelve months of group revenue 1) As of 31 December 2013, includes pro-rata backlog figures in respect of Odfjell Drilling s 40% ownership in Deep Sea Metro Ltd, but does not include any backlog for Odfjell Drilling s share of Odfjell Galvão. Total backlog figures may not equal the sum of firm contracts and priced option periods for the year due to rounding. As a result of BP s declaration of the two 2 year options for Platform Drilling Services in February 2014, USD 165 million is included in firm contracts above. Page 20

21 Market outlook Strong fundamental long-term demand for the Group s services but expect softer near term market MODU Softer near term DW and UDW market slowdown of oil companies growth in E&P spending increase in UDW rig supply shorter lead-times and lack of new long-term tenders Expect ODL s 6 th gen. UDW fleet to be less impacted by the market fluctuations The harsh environment market to remain in better balance than UDW market near term The long term demand for harsh environment and UDW drilling capacity remain strong Platform Drilling and Technology Platform drilling secured by long-term contracts The slowdown in oil companies E&P growth will lead to postponement of development- and upgrade projects Well Services The Well Services segment will continue its long-term growth in its selected market regions Page 21

22 Summary Earnings visibility through USD 3 billion of firm order backlog Softer near term market outlook Continued strong long-term market fundamentals Well Services and Drilling & Technology less exposed to short-term market fluctuations Increased Group EBITDA-margin from 30% in 2012 to 33% in 2013 Strong balance sheet with USD 1.1 billion in book equity and equity-ratio of 41% Page 22

23 Thank you for your attention

Q Presentation

Q Presentation Q1 2015 Presentation Contents Highlights and material events Segment reporting Financial information Summary Page 2 Group Financial performance Q1 2015 highlights: Operating revenue of USD 240 million

More information

Q Presentation

Q Presentation Q1 2018 Presentation Contents Highlights and material events Segment reporting Financial information Summary Page 2 Q1 18 - key summary - Purchase of Deepsea Nordkapp - Strong operational performance across

More information

PARETO OIL & OFFSHORE CONFERENCE. Simen Lieungh President & CEO

PARETO OIL & OFFSHORE CONFERENCE. Simen Lieungh President & CEO PARETO OIL & OFFSHORE CONFERENCE Simen Lieungh President & CEO 2 September 2015 HSE never compromise H1 frequency Lost time incident 3,4 3,3 2,67 2,1 1,4 1,1 0,6 0,3 2008 2009 2010 2011 2012 2013 2014

More information

Chloe Marine Corporation Ltd. ISIN NO Report Q (unaudited)

Chloe Marine Corporation Ltd. ISIN NO Report Q (unaudited) Chloe Marine Corporation Ltd. ISIN NO 001 062886.0 Report Q1 2015 (unaudited) Deep Sea Metro Group (Group) Deep Sea Metro Ltd (Parent) Chloe Marine Corporation Ltd. (Issuer) Chloe Marine Corporation Group

More information

Odfjell Drilling Ltd.

Odfjell Drilling Ltd. Odfjell Drilling Ltd. Report for the 3 rd quarter of 2018 This interim report is unaudited and has been prepared in accordance with IAS 34 Interim Financial Reporting. Key figures for the Group All figures

More information

Golden Close Maritime Corp. Ltd. - ISIN NO Report Q (unaudited)

Golden Close Maritime Corp. Ltd. - ISIN NO Report Q (unaudited) Golden Close Maritime Corp. Ltd. - ISIN NO 001072202.8 Report Q1 2015 (unaudited) Deep Sea Metro Group (Group) Deep Sea Metro Ltd (Parent) Golden Close Maritime Corp. Ltd. (Issuer) Golden Close Maritime

More information

Maersk Drilling Q November 2013

Maersk Drilling Q November 2013 Maersk Drilling Q3 2013 14 November 2013 page 2 Legal notice This presentation contains certain forward looking statements (all statements that are not entirely based on historical facts, among others

More information

ANNUAL REPORT ODFJELL DRILLING ANNUAL REPORT 2013

ANNUAL REPORT ODFJELL DRILLING ANNUAL REPORT 2013 ANNUAL REPORT 2013 ODFJELL DRILLING ANNUAL REPORT 2013 1 Content Odfjell Drilling in brief 4 Key Figures 7 CEO Letter 10 The Fleet 12 Management Team 15 FEATURE ARTICLES CHOSEN FOR EXPERIENCE AND EXPERTISE

More information

Maersk Drilling Q November 2015

Maersk Drilling Q November 2015 Maersk Drilling Q3 2015 9 November 2015 page 2 Legal notice This presentation contains certain forward looking statements (all statements that are not entirely based on historical facts, among others expectations

More information

Maersk Drilling Q May 2016

Maersk Drilling Q May 2016 Maersk Drilling Q1 2016 6 May 2016 page 2 Legal notice This presentation contains certain forward looking statements (all statements that are not entirely based on historical facts, among others expectations

More information

Rogaland på Børs, Stavanger. CFO Esa Ikaheimonen September 7 th, 2011

Rogaland på Børs, Stavanger. CFO Esa Ikaheimonen September 7 th, 2011 Rogaland på Børs, Stavanger CFO Esa Ikaheimonen September 7 th, 2011 Contents Seadrill Company update Market outlook Value creation North Atlantic Drilling Company update Market outlook Value creation

More information

Presentation 1Q results 2012

Presentation 1Q results 2012 Fred. Olsen Energy ASA Presentation results 2012 8 May 2012 1 AGENDA FINANCIAL RESULT 2012 MARKETS OPERATIONS SUMMARY AND OUTLOOK 2 1 Income Statement Key Figures (NOK mill) 2012 2011 Operating revenues

More information

IMPORTANT NOTICE IMPORTANT:

IMPORTANT NOTICE IMPORTANT: IMPORTANT NOTICE IMPORTANT: You must read the following disclaimer before continuing. The following disclaimer applies to the Prospectus attached to this electronic transmission and you are therefore advised

More information

Presentati tion 4Q results February 2012

Presentati tion 4Q results February 2012 Fred. Olsen Energy ASA Presentation ti 4Q results 2011 16 February 2012 1 AGENDA FINANCIAL RESULT 4Q 2011 MARKETS OPERATIONS SUMMARY AND OUTLOOK 2 Income Statement Key Figures Operating revenues 1 630

More information

Nordic Energy Summit. Oslo, 18 March August 2013

Nordic Energy Summit. Oslo, 18 March August 2013 Nordic Energy Summit Oslo, 18 March 2014 26 August 2013 Disclaimer This presentation (the Presentation ) has been produced by Songa Offshore SE ("Songa" or the "Company") exclusively for information purposes.

More information

Presentation of first quarter results Shippingklubben, Oslo, May 31, 2011

Presentation of first quarter results Shippingklubben, Oslo, May 31, 2011 Presentation of first quarter results 2011 Shippingklubben, Oslo, May 31, 2011 IMPORTANT INFORMATION THIS PRESENTATION AND ITS ENCLOSURES AND APPENDICES (HEREINAFTER JOINTLY REFERRED TO AS THE PRESENTATION

More information

Maersk Drilling Q May 2014

Maersk Drilling Q May 2014 Maersk Drilling Q1 2014 22 May 2014 Legal notice This presentation contains certain forward looking statements (all statements that are not entirely based on historical facts, among others expectations

More information

Conference Call 3Q 2013 results. November 25, 2013

Conference Call 3Q 2013 results. November 25, 2013 Conference Call 3Q 2013 results November 25, 2013 Forward Looking Statements The statements described in this presentation that are not historical facts are forward-looking statements within the meaning

More information

SEB Nordic Seminar CFO - Rune Magnus Lundetrae Copenhagen, January 2014

SEB Nordic Seminar CFO - Rune Magnus Lundetrae Copenhagen, January 2014 SEB Nordic Seminar CFO - Rune Magnus Lundetrae Copenhagen, January 2014 Forward Looking Statements The statements described in this presentation that are not historical facts are forward-looking statements

More information

Pareto Oil and Offshore Conference CEO Ivar Brandvold

Pareto Oil and Offshore Conference CEO Ivar Brandvold Pareto Oil and Offshore Conference 2017 CEO Ivar Brandvold Disclaimer This presentation has been produced by Fred. Olsen Energy ASA (the "Company") based on information which is publicly available. This

More information

NORTH ATLANTIC DRILLING LTD. Pareto Oil & Offshore Service Conference, Oslo CFO Esa Ikaheimonen August 31, 2011

NORTH ATLANTIC DRILLING LTD. Pareto Oil & Offshore Service Conference, Oslo CFO Esa Ikaheimonen August 31, 2011 NORTH ATLANTIC DRILLING LTD Pareto Oil & Offshore Service Conference, Oslo CFO Esa Ikaheimonen August 31, 2011 Forward-looking statements The statements described in this presentation that are not historical

More information

5 March Company Presentation

5 March Company Presentation 5 March 2013 Company Presentation Disclaimer All statements in this presentation other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties,

More information

Presentation 1Q results 2013 Oslo, 7 May 2013

Presentation 1Q results 2013 Oslo, 7 May 2013 Fred. Olsen Energy ASA Presentation 1Q results 2013 Oslo, 7 May 2013 1 AGENDA FINANCIAL RESULT 1Q 2013 MARKETS OPERATIONS SUMMARY 2 Income Statement Key Figures (NOK mill) 1Q 2013 4Q 2012 * Restated Operating

More information

Fred. Olsen Energy ASA. 1Q 2018 results presentation

Fred. Olsen Energy ASA. 1Q 2018 results presentation Fred. Olsen Energy ASA 1Q 2018 results presentation Disclaimer This presentation has been produced by Fred. Olsen Energy ASA (the "Company") based on information which is publicly available. This presentation

More information

SEVAN DRILLING ASA INTERIM FINANCIAL REPORT FIRST QUARTER 2011

SEVAN DRILLING ASA INTERIM FINANCIAL REPORT FIRST QUARTER 2011 SEVAN DRILLING ASA INTERIM FINANCIAL REPORT FIRST QUARTER 2011 INTERIM FINANCIAL REPORT - FIRST QUARTER 2011 Main figures, first quarter 2011 The numbers below assume that Sevan Drilling ASA ( the Company

More information

Fred. Olsen Energy ASA. 4Q 2017 results presentation

Fred. Olsen Energy ASA. 4Q 2017 results presentation Fred. Olsen Energy ASA 4Q 2017 results presentation Disclaimer This presentation has been produced by Fred. Olsen Energy ASA (the "Company") based on information which is publicly available. This presentation

More information

Pareto Oil & Offshore Service Conference. CEO Alf C Thorkildsen September 2010

Pareto Oil & Offshore Service Conference. CEO Alf C Thorkildsen September 2010 Pareto Oil & Offshore Service Conference CEO Alf C Thorkildsen September 2010 Contents Company profile Achievements last 12months Recent investments Rig fleet Market outlook Cash dividends Strategy 2 Company

More information

Golden Close Maritime Corp. Ltd. - ISIN NO ISIN NO Report Q (unaudited)

Golden Close Maritime Corp. Ltd. - ISIN NO ISIN NO Report Q (unaudited) Golden Close Maritime Corp. Ltd. - ISIN NO 0010789456 ISIN NO 001072202.8 Report Q2 2017 (unaudited) Golden Close Maritime Corp. Ltd. (Issuer) Golden Close Maritime Corp. Ltd. Group (Issuer Group) Business

More information

OCEAN RIG UDW INC. REPORTS FINANCIAL AND OPERATING RESULTS FOR THE THIRD QUARTER 2012

OCEAN RIG UDW INC. REPORTS FINANCIAL AND OPERATING RESULTS FOR THE THIRD QUARTER 2012 OCEAN RIG UDW INC. REPORTS FINANCIAL AND OPERATING RESULTS FOR THE THIRD QUARTER 2012 November 14, 2012, Nicosia, Cyprus. Ocean Rig UDW Inc. (NASDAQ: ORIG), or the Company, an international contractor

More information

Investor Presentation. April 2018

Investor Presentation. April 2018 Investor Presentation April 2018 Important information This presentation and any appendices hereto (the Presentation ) has been produced by Odfjell Drilling Ltd ( Odfjell Drilling or the Company and, together

More information

The Group delivered a profit of USD 2.3bn (USD 856m) and a return on invested capital (ROIC) of 18.6% (7.4%) for Q

The Group delivered a profit of USD 2.3bn (USD 856m) and a return on invested capital (ROIC) of 18.6% (7.4%) for Q A.P. Møller Mærsk A/S has published its Interim Report Q2 2014 today, 19 August 2014. Unless otherwise stated, all figures in parenthesis refer to the corresponding figures for the same period prior year.

More information

Fred. Olsen Energy ASA. 2Q 2018 results presentation

Fred. Olsen Energy ASA. 2Q 2018 results presentation Fred. Olsen Energy ASA 2Q 2018 results presentation Disclaimer This presentation has been produced by Fred. Olsen Energy ASA (the "Company") based on information which is publicly available. This presentation

More information

Fred. Olsen Energy ASA

Fred. Olsen Energy ASA Report for the 3 rd quarter 2013 Figures in NOK FRED. OLSEN ENERGY ASA (FOE) REPORTS AN OPERATING PROFIT BEFORE DEPRECIATION (EBITDA) OF 928 MILLION IN 3 rd QUARTER 2013 HIGHLIGHTS Revenues were 1,839

More information

Financial Results for the Period Ended 30 September Investor Call, 30 October 2018

Financial Results for the Period Ended 30 September Investor Call, 30 October 2018 Financial Results for the Period Ended 30 September 2018 Investor Call, 30 October 2018 Q3 2018 RESULTS HIGHLIGHTS Growth across the business Strong cash flow generation and increased profitability Q3

More information

Vantage Drilling Company

Vantage Drilling Company Vantage Drilling Company 2012 Global Energy Conference Houston, Texas November 29, 2012 Forward-Looking Statements Some of the statements in this presentation constitute forward-looking statements. Forward-looking

More information

Vantage Drilling Company

Vantage Drilling Company Vantage Drilling Company Company Update December 6, 2012 Forward-Looking Statements Some of the statements in this presentation constitute forward-looking statements. Forward-looking statements relate

More information

Magseis ASA Q nd November 2017

Magseis ASA Q nd November 2017 Magseis ASA Q3 2017 2 nd November 2017 Highlights Another strong quarter Strong financial performance: Revenue of USD 28.7m and EBITDA of USD 13.9m Revised EBITDA guidance to USD 24-26m for the full year,

More information

Investor Presentation August PKD (NYSE) Rig 273 Alaska

Investor Presentation August PKD (NYSE) Rig 273 Alaska Investor Presentation August 207 PKD (NYSE) Rig 273 Alaska Forward-Looking Statements Caution The following presentation contains certain statements that may be deemed to be forwardlooking statements within

More information

Seadrill Partners LLC Conference Call Third Quarter 2013 Results. November 25, 2013

Seadrill Partners LLC Conference Call Third Quarter 2013 Results. November 25, 2013 Seadrill Partners LLC Conference Call Third Quarter 2013 Results November 25, 2013 Forward Looking Statements This presentation includes forward looking statements. Such statements are generally not historical

More information

SBM OFFSHORE N.V. KEMPEN BENELUX CONFERENCE - LONDON

SBM OFFSHORE N.V. KEMPEN BENELUX CONFERENCE - LONDON SBM OFFSHORE N.V. KEMPEN BENELUX CONFERENCE - LONDON 24 November 2010 Disclaimer Some of the statements contained in this presentation that are not historical facts are statements of future expectations

More information

Golden Close Maritime Corp. Ltd. - ISIN NO ISIN NO Report Q (unaudited)

Golden Close Maritime Corp. Ltd. - ISIN NO ISIN NO Report Q (unaudited) Golden Close Maritime Corp. Ltd. - ISIN NO 0010789456 ISIN NO 001072202.8 Report Q3 2017 (unaudited) Golden Close Maritime Corp. Ltd. (Issuer) Golden Close Maritime Corp. Ltd. Group (Issuer Group) Business

More information

Fred. Olsen Energy ASA

Fred. Olsen Energy ASA Report for the 1 st quarter 2014 Figures in USD FRED. OLSEN ENERGY ASA (FOE) REPORTS AN OPERATING PROFIT BEFORE DEPRECIATION (EBITDA) OF USD 102 MILLION IN 1Q 2014 HIGHLIGHTS Revenues were 278 million

More information

Vantage Drilling Company

Vantage Drilling Company Vantage Drilling Company Jefferies 2014 Global Energy Conference Houston, Texas November 12, 2014 Forward-Looking Statements Some of the statements in this presentation constitute forward-looking statements.

More information

Third Quarter Results 2018

Third Quarter Results 2018 Akastor ASA Third Quarter Results 2018 Karl Erik Kjelstad (CEO) & Leif Borge (CFO) Fornebu 31 October 2018 Akastor 2018 Akastor Q3 2018 highlights Revenue EBITDA Net Capital Employed Net Interest Bearing

More information

Conference. May 21, President and CEO

Conference. May 21, President and CEO UBS Global Oil and Gas Conference May 21, 2013 Rob Saltiel l President and CEO 1 Forward Looking Statements Statements contained in this report with respect to the future are forward-looking statements.

More information

Rig Market Regional Challenges from a Risk Managers perspective. Svein Bergstad Director of Risk & Insurance 24 October 2013

Rig Market Regional Challenges from a Risk Managers perspective. Svein Bergstad Director of Risk & Insurance 24 October 2013 Rig Market Regional Challenges from a Risk Managers perspective Svein Bergstad Director of Risk & Insurance 24 October 2013 Content Who is Seadrill? Rig market Insurance challenges and compliance 2 Seadrill

More information

Fred. Olsen Energy ASA

Fred. Olsen Energy ASA Report for the 4th quarter 2014 and preliminary results for 2014 Figures in USD FRED. OLSEN ENERGY ASA (FOE) REPORTS AN OPERATING PROFIT BEFORE DEPRECIATION (EBITDA) OF 157 MILLION FOR THE 4TH QUARTER

More information

Seadrill Partners LLC. Morgan Stanley Midstream MLP & Diversified Natural Gas Corporate Access Event March 2014

Seadrill Partners LLC. Morgan Stanley Midstream MLP & Diversified Natural Gas Corporate Access Event March 2014 Seadrill Partners LLC Morgan Stanley Midstream MLP & Diversified Natural Gas Corporate Access Event March 2014 Forward Looking Statements This presentation includes forward looking statements. Such statements

More information

OCEAN RIG UDW INC. REPORTS FINANCIAL AND OPERATING RESULTS FOR THE FIRST QUARTER 2015

OCEAN RIG UDW INC. REPORTS FINANCIAL AND OPERATING RESULTS FOR THE FIRST QUARTER 2015 OCEAN RIG UDW INC. REPORTS FINANCIAL AND OPERATING RESULTS FOR THE FIRST QUARTER 2015 May 11, 2015, Nicosia, Cyprus. Ocean Rig UDW Inc. (NASDAQ:ORIG), or Ocean Rig or the Company, an international contractor

More information

Financial Results for the Period Ended 31 December Investor Call, 25 March 2019

Financial Results for the Period Ended 31 December Investor Call, 25 March 2019 Financial Results for the Period Ended 31 December 2018 Investor Call, 25 March 2019 FY 2018 RESULTS HIGHLIGHTS Strong operating performance across all regions and multiple significant contract awards

More information

Ocean Rig UDW Inc. NASDAQ: ORIG August 9, nd Quarter Ended June 30, 2018 Earnings Presentation

Ocean Rig UDW Inc. NASDAQ: ORIG August 9, nd Quarter Ended June 30, 2018 Earnings Presentation Ocean Rig UDW Inc. NASDAQ: ORIG August 9, 2018 2 nd Quarter Ended June 30, 2018 Earnings Presentation Forward Looking Statements Matters discussed in this presentation may constitute forward-looking statements

More information

OCEAN RIG UDW INC. REPORTS FINANCIAL AND OPERATING RESULTS FOR THE FIRST QUARTER 2016

OCEAN RIG UDW INC. REPORTS FINANCIAL AND OPERATING RESULTS FOR THE FIRST QUARTER 2016 OCEAN RIG UDW INC. REPORTS FINANCIAL AND OPERATING RESULTS FOR THE FIRST QUARTER 2016 May 19, 2016, Nicosia, Cyprus. Ocean Rig UDW Inc. (NASDAQ:ORIG), or Ocean Rig or the Company, an international contractor

More information

FIRST QUARTER the Clair Ridge platform in the UK around end of May.

FIRST QUARTER the Clair Ridge platform in the UK around end of May. FIRST QUARTER 2018 EBITDA for the first quarter amounted to USD 49.2 million (USD 32.8 million). Despite lower vessels utilisation in the quarter, EBITDA is higher due to lower operating expenses from

More information

Ocean Rig UDW Inc. NASDAQ: ORIG December 08, rd Quarter Ended September 30, 2015 Earnings Presentation

Ocean Rig UDW Inc. NASDAQ: ORIG December 08, rd Quarter Ended September 30, 2015 Earnings Presentation Ocean Rig UDW Inc. NASDAQ: ORIG December 08, 2015 3 rd Quarter Ended September 30, 2015 Earnings Presentation Forward Looking Statements Matters discussed in this presentation may constitute forward-looking

More information

Conference call Q results May 27, 2011

Conference call Q results May 27, 2011 Conference call Q1 2011 results May 27, 2011 Contents Highlights 1Q 2011 1Q 2011 accounts Newbuild orders Market view Fleet status Dividend policy Summary 2 Highlights First quarter 2011 EBITDA of US$573m

More information

Pareto Securities Oil and offshore Conference Oslo, September 2014 Presented by Atle Jacobsen (CEO)

Pareto Securities Oil and offshore Conference Oslo, September 2014 Presented by Atle Jacobsen (CEO) Pareto Securities Oil and offshore Conference Oslo, 10-11 September 2014 Presented by Atle Jacobsen (CEO) Disclaimer This presentation includes and is based, inter alia, on forward-looking information

More information

NORDEA BANK 11th ANNUAL SHIPPING, OFFSHORE and ENERGY SEMINAR. Mark Mey, Executive Vice President and Chief Financial Officer December 5, 2018

NORDEA BANK 11th ANNUAL SHIPPING, OFFSHORE and ENERGY SEMINAR. Mark Mey, Executive Vice President and Chief Financial Officer December 5, 2018 NORDEA BANK 11th ANNUAL SHIPPING, OFFSHORE and ENERGY SEMINAR Mark Mey, Executive Vice President and Chief Financial Officer December 5, 2018 LEGAL DISCLAIMER Forward Looking Statements The statements

More information

Seadrill Partners LLC Conference Call Fourth Quarter 2013 Results. February 25, 2014

Seadrill Partners LLC Conference Call Fourth Quarter 2013 Results. February 25, 2014 Seadrill Partners LLC Conference Call Fourth Quarter 2013 Results February 25, 2014 Forward Looking Statements This presentation includes forward looking statements. Such statements are generally not historical

More information

Maersk Group Q1 report 2015

Maersk Group Q1 report 2015 Maersk Group report 2015 13 May 2015 - Conference call 9.30am CET webcast available at www.maersk.com Forward-looking Statements page 2 This presentation contains forward-looking statements. Such statements

More information

Marine/Offshore Industry Outlook Conference. Terry Bonno, SVP Industry and Community Relations March 22, 2018

Marine/Offshore Industry Outlook Conference. Terry Bonno, SVP Industry and Community Relations March 22, 2018 Marine/Offshore Industry Outlook Conference Terry Bonno, SVP Industry and Community Relations March, 08 LEGAL DISCLAIMER The statements described in this presentation that are not historical facts are

More information

Ocean Rig UDW Inc. 4 th Quarter Ended December 31, 2014 Earnings Presentation OCEAN RIG UDW INC.

Ocean Rig UDW Inc. 4 th Quarter Ended December 31, 2014 Earnings Presentation OCEAN RIG UDW INC. Ocean Rig UDW Inc. 4 th Quarter Ended December 31, 2014 Earnings Presentation NASDAQ: ORIG February 26, 2015 Forward Looking Statements Matters discussed in this presentation may constitute forward-looking

More information

Songa Offshore SE 4Q 2015 Presentation. Conference call, 26 February 2016

Songa Offshore SE 4Q 2015 Presentation. Conference call, 26 February 2016 Songa Offshore SE 4Q 2015 Presentation Conference call, 26 February 2016 Disclaimer This presentation (the Presentation ) has been produced by Songa Offshore SE ("Songa Offshore" or the "Company") exclusively

More information

PACC Offshore Services Holdings Ltd. Corporate Overview SGX-Goldman Marine Oil & Gas Corporate Day 3 March 2017

PACC Offshore Services Holdings Ltd. Corporate Overview SGX-Goldman Marine Oil & Gas Corporate Day 3 March 2017 PACC Offshore Services Holdings Ltd. Corporate Overview SGX-Goldman Marine Oil & Gas Corporate Day 3 March 2017 Overview 1. About POSH 2. Our Competitive Strengths 3. Our Fleet 4. Q4 and FY 2016 Financial

More information

Citi MLP/Midstream Infrastructure Conference. Las Vegas August 2014

Citi MLP/Midstream Infrastructure Conference. Las Vegas August 2014 Citi MLP/Midstream Infrastructure Conference Las Vegas August 2014 Forward Looking Statements This presentation includes forward looking statements. Such statements are generally not historical in nature,

More information

Borr Drilling Limited (BDRILL) Announces Third Quarter 2018 Results

Borr Drilling Limited (BDRILL) Announces Third Quarter 2018 Results Borr Drilling Limited (BDRILL) Announces Third Quarter 2018 Results Hamilton, Bermuda, November 21, 2018: Borr Drilling Limited ( Borr or the Company ) announces results for the three and nine months ended

More information

EMGS THIRD QUARTER 2014.

EMGS THIRD QUARTER 2014. EMGS THIRD QUARTER 2014. Highlights in the third quarter 2014 Operational highlights Contracts signed with Petrobras, Statoil, OMV (Norge) and Norske Shell Commenced 3D multi-client survey offshore Canada

More information

Jefferies 2016 Energy Conference

Jefferies 2016 Energy Conference Jefferies 2016 Energy Conference Mark A. Keller, EVP Business Development November 30, 2016 1 Forward-Looking Statements Statements herein that are not historical facts are forward looking statements within

More information

Murchison Snorre A Gullfaks C. Kvitebjørn. N. Alwyn Oseberg. Bruce. Heimdal Jotun B. Alvheim. Ringhorne Grane. Glitne Volve Sleipner.

Murchison Snorre A Gullfaks C. Kvitebjørn. N. Alwyn Oseberg. Bruce. Heimdal Jotun B. Alvheim. Ringhorne Grane. Glitne Volve Sleipner. First six months 2011 H1 11 Eider Tern Cormorant Heather Magnus Thistle Dunlin Brent C Brent B Ninian Murchison Snorre A Gullfaks C N. Alwyn Oseberg Kvitebjørn Troll Kollsnes Bergen Beryl A/B Harding Bruce

More information

Songa Offshore SE ( Songa ) total comprehensive income for the fourth quarter 2009 was USD 54.7 million.

Songa Offshore SE ( Songa ) total comprehensive income for the fourth quarter 2009 was USD 54.7 million. REPORT FOR THE FOURTH QUARTER 2009 Songa Offshore SE ( Songa ) total comprehensive income for the fourth quarter 2009 was USD 54.7 million. Revenue for the fourth quarter was USD 186.8 million. This includes

More information

SBM OFFSHORE Q TRADING UPDATE FULL YEAR OUTLOOK CONFIRMED

SBM OFFSHORE Q TRADING UPDATE FULL YEAR OUTLOOK CONFIRMED Press release - SBM Offshore N.V. 10 November 2010 Highlights SBM OFFSHORE Q3 2010 TRADING UPDATE FULL YEAR OUTLOOK CONFIRMED Turnover for the first nine months of 2010 at US$ 2,180 million, 2.5% above

More information

29 November Copenhagen Winter Seminar, Danske Bank Markets

29 November Copenhagen Winter Seminar, Danske Bank Markets 29 November 2012 Copenhagen Winter Seminar, Danske Bank Markets Disclaimer All statements in this presentation other than statements of historical fact are forward-looking statements, which are subject

More information

2 November Q results and market update

2 November Q results and market update 2 November 2017 Q3 2017 results and market update Disclaimer All statements in this presentation other than statements of historical fact are forward-looking statements, which are subject to a number of

More information

Ocean Rig UDW Inc. 3 rd Quarter Ended September 30, 2013 Earnings Presentation OCEAN RIG UDW INC.

Ocean Rig UDW Inc. 3 rd Quarter Ended September 30, 2013 Earnings Presentation OCEAN RIG UDW INC. Ocean Rig UDW Inc. 3 rd Quarter Ended September 30, 2013 Earnings Presentation NASDAQ: ORIG November 5 th, 2013 Forward Looking Statements Matters discussed in this presentation may constitute forward-looking

More information

Presentation to the Financial Community. First Half 2011 Results

Presentation to the Financial Community. First Half 2011 Results Presentation to the Financial Community First Half 2011 Results July 2011 Forward-Looking Statements By their nature, forward-looking statements are subject to risk and uncertainty since they are dependent

More information

GOLDMAN SACHS GLOBAL ENERGY CONFERENCE. Mark Mey, Executive Vice President and Chief Financial Officer January 8, 2019

GOLDMAN SACHS GLOBAL ENERGY CONFERENCE. Mark Mey, Executive Vice President and Chief Financial Officer January 8, 2019 GOLDMAN SACHS GLOBAL ENERGY CONFERENCE Mark Mey, Executive Vice President and Chief Financial Officer January 8, 209 LEGAL DISCLAIMER Forward Looking Statements The statements described in this presentation

More information

Transocean Ltd. NEUTRAL ZACKS CONSENSUS ESTIMATES (RIG-NYSE)

Transocean Ltd. NEUTRAL ZACKS CONSENSUS ESTIMATES (RIG-NYSE) January 14, 2015 Transocean Ltd. (RIG-NYSE) Current Recommendation Prior Recommendation Underperform Date of Last Change 02/14/2012 Current Price (01/13/15) $15.52 Target Price $16.00 NEUTRAL SUMMARY We

More information

Dolphin Group ASA. SEB Nordic Seminar - 8 th January Atle Jacobsen (CEO) & Erik Hokholt (CFO)

Dolphin Group ASA. SEB Nordic Seminar - 8 th January Atle Jacobsen (CEO) & Erik Hokholt (CFO) Dolphin Group ASA SEB Nordic Seminar - 8 th January 2015 Atle Jacobsen (CEO) & Erik Hokholt (CFO) 2 Disclaimer This presentation includes and is based, inter alia, on forward-looking information and statements

More information

Jeffrey L. Chastain Vice President Investor Relations and Corporate Communications

Jeffrey L. Chastain Vice President Investor Relations and Corporate Communications Jeffrey L. Chastain Vice President Investor Relations and Corporate Communications Jefferies 2016 Energy Conference November 30, 2016 Forward Looking Statement This presentation contains forward-looking

More information

OCEAN RIG UDW INC. REPORTS FINANCIAL AND OPERATING RESULTS FOR THE FOURTH QUARTER 2014

OCEAN RIG UDW INC. REPORTS FINANCIAL AND OPERATING RESULTS FOR THE FOURTH QUARTER 2014 OCEAN RIG UDW INC. REPORTS FINANCIAL AND OPERATING RESULTS FOR THE FOURTH QUARTER 2014 February 25, 2015, Nicosia, Cyprus. Ocean Rig UDW Inc. (NASDAQ:ORIG), or Ocean Rig or the Company, an international

More information

Teekay Offshore Partners Investor Day Presentation. June 18, 2012

Teekay Offshore Partners Investor Day Presentation. June 18, 2012 Teekay Offshore Partners Investor Day Presentation June 18, 2012 Forward Looking Statements This presentation contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act

More information

4 September Pareto Oil & Offshore Conference

4 September Pareto Oil & Offshore Conference 4 September 2013 Pareto Oil & Offshore Conference Disclaimer All statements in this presentation other than statements of historical fact are forward-looking statements, which are subject to a number of

More information

23 August Q results and market update

23 August Q results and market update 23 August 2018 Q2 2018 results and market update Disclaimer All statements in this presentation other than statements of historical fact are forward-looking statements, which are subject to a number of

More information

OCEAN RIG UDW INC. REPORTS FINANCIAL AND OPERATING RESULTS FOR THE SECOND QUARTER 2014

OCEAN RIG UDW INC. REPORTS FINANCIAL AND OPERATING RESULTS FOR THE SECOND QUARTER 2014 OCEAN RIG UDW INC. REPORTS FINANCIAL AND OPERATING RESULTS FOR THE SECOND QUARTER 2014 August 5, 2014, Nicosia, Cyprus. Ocean Rig UDW Inc. (NASDAQ:ORIG), or Ocean Rig or the Company, an international contractor

More information

Bank of America Merrill Lynch 2017 Leveraged Finance Conference. 29 November 2017

Bank of America Merrill Lynch 2017 Leveraged Finance Conference. 29 November 2017 Bank of America Merrill Lynch 2017 Leveraged Finance Conference 29 November 2017 1 Forward-Looking Statements Statements contained in this investor presentation that are not historical facts are forward-looking

More information

SUBSEA 7 INC. REPORT FOR THE THIRD QUARTER UNAUDITED. 26 October 2010

SUBSEA 7 INC. REPORT FOR THE THIRD QUARTER UNAUDITED. 26 October 2010 SUBSEA 7 INC. REPORT FOR THE THIRD QUARTER 2010 - UNAUDITED 26 October 2010 Subsea 7 Inc. (Oslo Stock Exchange: SUB) today reports the third quarter results for 2010. PERFORMANCE SUMMARY Quarter Highlights

More information

Presentation to the Financial Community. Preliminary 2010 Consolidated Results. February 2011

Presentation to the Financial Community. Preliminary 2010 Consolidated Results. February 2011 Presentation to the Financial Community Preliminary 2010 Consolidated Results February 2011 Forward-Looking Statements By their nature, forward-looking statements are subject to risk and uncertainty since

More information

24 October 2006 Subsea 7 Inc. (Oslo Stock Exchange: SUB) today reports the results for the third quarter of 2006.

24 October 2006 Subsea 7 Inc. (Oslo Stock Exchange: SUB) today reports the results for the third quarter of 2006. SUBSEA 7 INC. REPORT FOR THE THIRD QUARTER 2006 24 October 2006 Subsea 7 Inc. (Oslo Stock Exchange: SUB) today reports the results for the third quarter of 2006. PERFORMANCE SUMMARY Financial Results Quarter

More information

North Atlantic Drilling Ltd.

North Atlantic Drilling Ltd. North Atlantic Drilling Ltd. Fourth quarter 2013 results February 25, 2014 Forward-Looking Statements The statements described in this presentation that are not historical facts are forwardlooking statements

More information

Second-Quarter Results 2014

Second-Quarter Results 2014 2Q Second-Quarter Results 214 Fornebu, July 17, 214 Øyvind Eriksen and Leif Borge 214 Aker Solutions Slide 1 July 17, 214 Second-quarter results 214 Agenda 2Q 214 Introduction Øyvind Eriksen Chairman Financials

More information

OCEAN RIG UDW INC. REPORTS FINANCIAL AND OPERATING RESULTS FOR THE FOURTH QUARTER 2015

OCEAN RIG UDW INC. REPORTS FINANCIAL AND OPERATING RESULTS FOR THE FOURTH QUARTER 2015 OCEAN RIG UDW INC. REPORTS FINANCIAL AND OPERATING RESULTS FOR THE FOURTH QUARTER 2015 March 8, 2016, Nicosia, Cyprus. Ocean Rig UDW Inc. (NASDAQ:ORIG), or Ocean Rig or the Company, an international contractor

More information

SUBSEA 7 INC. REPORT FOR THE SECOND QUARTER AND HALF YEAR UNAUDITED. 27 July 2010

SUBSEA 7 INC. REPORT FOR THE SECOND QUARTER AND HALF YEAR UNAUDITED. 27 July 2010 SUBSEA 7 INC. REPORT FOR THE SECOND QUARTER AND HALF YEAR 2010 - UNAUDITED 27 July 2010 Subsea 7 Inc. (Oslo Stock Exchange: SUB) today reports the second quarter and half year results for 2010. PERFORMANCE

More information

Transocean s Presentation: Agreement to Acquire Songa Offshore August 15, 2017

Transocean s Presentation: Agreement to Acquire Songa Offshore August 15, 2017 Transocean s Presentation: Agreement to Acquire Songa Offshore August 15, 2017 Legal Disclaimer The statements described in this presentation that are not historical facts are forward-looking statements

More information

3Q 2018 Fornebu, October 24, 2018 Luis Araujo and Svein Stoknes

3Q 2018 Fornebu, October 24, 2018 Luis Araujo and Svein Stoknes 3Q 2018 Fornebu, October 24, 2018 Luis Araujo and Svein Stoknes Agenda 3Q 2018 Answers Questions Introduction Luis Araujo Chief Executive Officer Financials Svein Stoknes Chief Financial Officer Q&A Session

More information

Bond Investor Presentation

Bond Investor Presentation Bond Investor Presentation Oslo 10 th March 2014 Strategic background Market development Financial status 2 Viking Supply Ships in short Kistefos Christen Sveaas has through his fully owned investment

More information

Q4 Financial Presentation 2015 DOF ASA

Q4 Financial Presentation 2015 DOF ASA Q4 Financial Presentation 2015 Highlights Main Highlights EBITDA Q4 MNOK 818 (operational EBITDA MNOK 814) EBITDA 2015 MNOK 3 719 (operational EBITDA MNOK 3 344) General good operational performance in

More information

ELECTROMAGNETIC GEOSERVICES ASA FIRST QUARTER 2014 RESULTS. CEO, Roar Bekker CFO, Svein Knudsen 8 May 2014

ELECTROMAGNETIC GEOSERVICES ASA FIRST QUARTER 2014 RESULTS. CEO, Roar Bekker CFO, Svein Knudsen 8 May 2014 ELECTROMAGNETIC GEOSERVICES ASA FIRST QUARTER 2014 RESULTS CEO, Roar Bekker CFO, Svein Knudsen 8 May 2014 DISCLAIMER This quarterly presentation includes and is based, inter alia, on forward-looking information

More information

The USD/NOK exchange rate has changed from 5.69 as of 31 March 2012 to 5.83 as of 31 March 2013.

The USD/NOK exchange rate has changed from 5.69 as of 31 March 2012 to 5.83 as of 31 March 2013. Q1 2013 2 PETROLIA SE (PDR) first quarter 2013 preliminary result Summary of main events EBITDA excluding exploration costs was USD 6.5 million in Q1 2013. EBITDA was USD 4.2 million in Q1 2013 and Total

More information

Investor Presentation

Investor Presentation Investor Presentation FIRST QUARTER 2018 KCA Deutag is a leadinginternational drilling and engineering company working onshore and offshore with a focus on safety, quality and operational performance Disclaimer

More information

FOURTH QUARTER Recent highlights

FOURTH QUARTER Recent highlights FOURTH QUARTER 2018 (Figures in brackets refer to the corresponding period of 2017) In the fourth quarter, the fleet utilisation 1 reached its highest since Q3 2015 at 63 per cent. A further two contracts

More information

TRANSOCEAN LTD. PROVIDES FLEET UPDATE SUMMARY

TRANSOCEAN LTD. PROVIDES FLEET UPDATE SUMMARY Transocean Ltd. Investor Relations and Corporate Communications Analyst Contacts: Thad Vayda +1 713-232-7551 Diane Vento +1 713-232-8015 News Release Media Contact: Pam Easton FOR RELEASE: May 18, 2015

More information