Pareto Conference - September 2014

Aqualis ASA

AQUALIS – WHO AM I?

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David Wells - CEO – based in London 30+ years experience in the offshore industry with last 10 years in Senior Management positions. Broad based experience across the marine and engineering consultancy business lines but with particular focus on jack up rig moving operations, MWS and marine operations. Master Mariner

DISCLAIMER

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This Presentation has been produced by Aqualis ASA (the “Company” or “Aqualis ”) solely for use at the presentation to investors and other stake holders and may not be reproduced or redistributed, in whole or in part, to any other person. This presentation is strictly confidential, has not been reviewed or registered with any public authority or stock exchange, and may not be reproduced or redistributed, in whole or in part, to any other person. To the best of the knowledge of the Company, the information contained in this Presentation is in all material respect in accordance with the facts as of the date hereof, and contains no material omissions likely to affect its importance. However, no representation or warranty (express or implied) is made as to, and no reliance should be placed on, any information, including projections, estimates, targets and opinions, contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein, and, accordingly, neither the Company nor any of its subsidiary companies or any such person’s officers or employees accepts any liability whatsoever arising directly or indirectly from the use of this Presentation. This Presentation contains information obtained from third parties. Such information has been accurately reproduced and, as far as the Company is aware and able to ascertain from the information published by that third party, no facts have been omitted that would render the reproduced information to be inaccurate or misleading.

This Presentation contains certain forward-looking statements relating to the business, financial performance and results of the Company and/or the industry in which it operates. Forward-looking statements concern future circumstances and results and other statements that are not historical facts, sometimes identified by the words “believes”, expects”, “predicts”, “intends”, “projects”, “plans”, “estimates”, “aims”, “foresees”, “anticipates”, “targets”, and similar expressions. The forward-looking statements contained in this Presentation, including assumptions, opinions and views of the Company or cited from third party sources are solely opinions and forecasts which are subject to risks, uncertainties and other factors that may cause actual events to differ materially from any anticipated development. None of the Company or any of its parent or subsidiary undertakings or any such person’s officers or employees provides any assurance that the assumptions underlying such forward-looking statements are free from errors nor does any of them accept any responsibility for the future accuracy of the opinions expressed in this Presentation or the actual occurrence of the forecasted developments. The Company assumes no obligation, except as required by law, to update any forward-looking statements or to conform these forward-looking statements to our actual results.

AN INVESTMENT IN THE COMPANY INVOLVES RISK, AND SEVERAL FACTORS COULD CAUSE THE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF THE COMPANY TO BE MATERIALLY DIFFERENT FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS THAT MAY BE EXPRESSED OR IMPLIED BY STATEMENTS AND INFORMATION IN THIS PRESENTATION, INCLUDING, AMONG OTHERS, RISKS OR UNCERTAINTIES ASSOCIATED WITH THE COMPANY’S BUSINESS, SEGMENTS, DEVELOPMENT, GROWTH MANAGEMENT, FINANCING, MARKET ACCEPTANCE AND RELATIONS WITH CUSTOMERS, AND, MORE GENERALLY, GENERAL ECONOMIC AND BUSINESS CONDITIONS, CHANGES IN DOMESTIC AND FOREIGN LAWS AND REGULATIONS, TAXES, CHANGES IN COMPETITION AND PRICING ENVIRONMENTS, FLUCTUATIONS IN CURRENCY EXCHANGE RATES AND INTEREST RATES AND OTHER FACTORS.

SHOULD ONE OR MORE OF THESE RISKS OR UNCERTAINTIES MATERIALISE, OR SHOULD UNDERLYING ASSUMPTIONS PROVE INCORRECT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THIS PRESENTATION. THE COMPANY DOES NOT INTEND, AND DOES NOT ASSUME ANY OBLIGATION, TO UPDATE OR CORRECT THE INFORMATION INCLUDED IN THIS PRESENTATION.

By attending or receiving this Presentation you acknowledge that you will be solely responsible for your own assessment of the market and the market position of the Company and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the Company’s business. This Presentation does not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction to any person to whom it is unlawful to make such an offer or solicitation in such jurisdiction.

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Aqualis Offshore Ltd Tristein AS Offshore Wind Consultants Ltd

Aqualis ASA (listed entity – OSE: AQUA)

Marine & engineering consultancy services

Global presence – covering all major oil regions

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Current locations

RIO DE JANEIRO

MEXICO CITY

HOUSTON

OSLO/SANDEFJORD

SINGAPORE

SHANGHAI DAMMAM

DUBAI

ABU DHABI

MANAMA

LONDON

Offshore operations are key for all business lines

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Moving of rigs

Offshore Construction

Projects

Transportation &

installation

Marine Warranty

Services (MWS)

FPSO/MOPU engineering

and installation

Towages

Offshore operations «Doing» «Observing»

Jack up engineering

(basic design, upgrade

and conversion)

FPSO marine engineering

Construction supervision

Engineering design and

consultancy

Key staff provision

Technical Due diligence

DP FMEAs and audits

Vessel inspections and

surveys

Marine and engineering

approvals

Site assessments

Engineering reviews /

verifications

Marine consultancy

Rig / vessel owners:

NOCs / IOCs: Offshore cont. / shipyards:

Underwriters / financial inst.:

Selected clients

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Offshore Wind Consultants – in brief

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Incorporated in November 2011

Based in London, England

Globally focused specialised consultancy providing independent services to offshore renewables industry

Recognised as one of the leading service providers of consultancy services for offshore wind projects

Will provide access to the offshore wind and renewables industry, in addition to enhance the overall service offering

Service offering

Consultancy services

Engineering services

Due diligence

Expert witness

Project management support services

Selected clients

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Vattenfall

East Anglia Offshore Wind

Gwynt y Mor Offshore Wind Limited

RWE Innogy GmbH

Galloper Offshore Wind Limited

Trianel GmbH

Mainstream Renewable Power Limited

Navitus Bay Offshore Park

Iberdrola Renewables

ScottishPower

SNC Lavalin Capital

Tristein – in brief

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Highly respected and experienced player on the Norwegian continental shelf (NCS)

Founded in 2007, commenced operations in 2008

Innovative wide range provider of offshore marine operational services and offshore installation contractor

Strong position within both offshore oil and gas and renewables, reflected in several long-term client relationships and frame agreements

Combined competence of Tristein and Aqualis Offshore = stronger service offering to customers on the NCS and abroad

Offers highly demanded competence, built on experienced personnel with background from the shipping and

offshore industry

Business areas

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Marine operations & logistics Engineering & survey Renewable energy

Marine operations

─ Rig moves

─ Towing operations

─ Offshore heavy lift

─ DP services

─ Subsea Pipe Laying & Removal

FPSO & Mooring Services

Base Management & Logistic

Services

─ «High and heavy» handling

Engineering

─ Transport / seafastening design

─ Technical analysis / verification

─ Development of installation methods

Survey

─ Operational vessel surveys

─ Compliance audits and verifications

─ DP trials

─ Insurance Condition Survey

─ P & I co-insurers cargo inspections

Offshore Wind

─ HVDC Platform Tow & Installation

─ Advisory and management support to developers

─ Foundation and MODU handling & installation

─ Feasibility studies

─ Concept design

─ Method statements

─ Base management

Selected clients

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Recruitment - rapidly expanding service organization

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Notes: (1) Numbers include contractors on 100% utilization equivalent basis, both for Aqualis, Tristein and OWC (2) Tristein AS consolidated in official accounts from May 2014; OWC Ltd from July 2014

Number of employees

0

10

20

30

40

50

60

70

80

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100

110

120

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150

Jun-13 Feb-13 Jan-13 Mar-13 May-13 Apr-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14

5x

OWC pro forma figures Tristein pro forma figures

Strong financial position

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Equity

Current liabilities 3 374

48 988

52 997

Non-current liabilities 635

14 601

14 135

24 261

Current assets ex. Cash*

52 997

Cash

Non-current assets

No interest-bearing debt

92% equity ratio Strong liquidity position:

USD 14.6m in cash USD 9.2m (NOK 55m) in

short term receivable* Total cash & cash

equivalents: USD 23.8m

Backlog USD 18 m with - 50% in 2015 onwards

Unaudited pro forma 31.03.2014 – USD thousands

*Includes NOK 55m receivable from Aqualis ASA to be paid in cash on 10 September 2014. Converted to USD with exchange rate as per 31 March 2014 (0.167)

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Illustration of typical Aqualis projects work

Transportation and Installation

Marine Warranty Services

Rig Moving

Construction Supervision Services

Dynamic Positioning Services

Marine Consultancy

Due Diligence Services

Engineering

Aqualis Offshore - in brief Key information

Service offering

Engineering 16

Established in 2012

Provider of specialist marine and engineering consultancy, primarily to the offshore oil and gas sector and renewables industry

Head office in London, operating as a global entity

Integrated marine and engineering staff consists of carefully selected industry specialists with long track record

Global footprint – 13 offices in 10 countries

Approx. 150 employees

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Engineering

Mercator engaged our Houston office to prepare

engineering designs for conversion of this jack up

to a mobile production unit.

This includes adding 4,000 MT topsides for

operations offshore Nigeria.

Aqualis Offshore’s scope includes

leg and spudcan upgrades,

hull and deck extensions,

adding jacking pinions

improving spudcan to leg connections to

meet fatigue requirements.

Increasing life of unit by additional 10 years.

Similar Scope for second Mat Supported

unit Virat Vrem (Ex Hercules 258) – 3,500 MT

topsides (incl. weight contingency)

Conversion of Vasu Prem (F&G L780 Mod 0 to MOPU)

Vasu Prem (ex Ocean Spartan)

at Signal Yard

Similar unit – Courtesy GPS

Conversion of Vasu prem (F&G L780 Mod 0) to MOPU

Structural Model of Spudcan Structural Model of the Hull

Jackups - Installation Operability (Limiting Conditions)

Equivalent Hydrodynamic Model of Jackup

Currently preparing going on location studies for

jackup operators to improve the environmental

operability of their rigs when going on and off

location.

The motion characteristics of the jackup are

studies in various water depths and against

different seabed condition in order to derive

allowable environmental conditions for going on

and off location.

Driving Fatigue of Prelude FLNG Piles

Our Houston office prepared engineering

studies for the driving fatigue of Prelude

floating LNG facility (the largest in the world).

Soils offshore Australia present many

challenges for installation of driven piles.

The piles are large diameter thin shell

cylinders which require significant

engineering assessment.

Engineering – project specific engineering modification

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Aqualis Offshore have completed several modifications of offshore service vessels.

Purpose of upgrading is to be prepared for the installation scope. The project have included:

Concept screening, adaptation and decision

Establish and freeze design criteria

FEED and Basic Engineering

Rules and regulation compliance

Follow-on engineering during yard stay

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Construction Monitoring

New Build Construction Monitoring

Contracts underway with: - Keppel, Singapore 1 x KFELs B Class (Parden Holdings) - ZPMC, Nantong, China 1 x JU 2000E (Lovanda) - ZPMC, Nantong, China 1 x JU 2000E (Lovansing) - CMHI, Nantong, China 1 x Gusto CJ50 (Hoidi International) - ZPMC, Nantong, China 1 x JU 2000E (Jap Drilling) - Mussafah, Abu Dhabi 1 x MLT 116C upgrade (Teras Offshore)

Construction Monitoring We provide teams to work with our Clients throughout the construction or

conversion of an offshore asset.

Assures that quality is maintained

Attendance adds value at the point of sale when it can be demonstrated that the construction was adequately monitored by a reputable supervisor.

The project team monitors the project in the shipyard to ensure that it is carried out

in accordance with the contract, the specifications, Client’s expectations, flag and Class requirements.

The project teams consist of key personnel with necessary skills to ensure the construction meets the build schedule.

The team consists of specialist engineers and inspectors utilised at different stages of the project. In addition, dedicated planning and document control functions are provided throughout the duration of the construction phase.

Construction Monitoring One such ongoing project is a JU2000E jack-up drilling rig for JAP Drilling at ZPMC Shipyard, Nantong, China. The construction is about 70% complete and delivery is due around mid 2015

Jack Cases and Legs Erection

FWD Leg Installation

The Aqualis Offshore site team comprises 8 people, including the Project Manager. Engineering support and the Project Director are based in AO offices in Norway

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Transportation and Installation Projects

Transportation & Installation (T&I) Projects We maintain in-house a multi-disciplined team of engineers, surveyors and

master mariners with many years of experience in the offshore industry. This team specialises in assisting complicated T&I marine operations (involving

heavy topside units). They aim to provide valuable early planning and advice to optimise the solutions with regard to vessel and equipment selection, structural design and offshore procedures.

Subsequent engineering would comprise analysis and design associated with all

temporary phases of a marine operation from loadout and transportation to installation or discharge of high value offshore assets.

Our service then extends to the offshore operation supervision and support with our qualified marine superintendents and experienced project engineers.

These services are tailored to suit clients' requirements and can be supplied as

conceptual/feasibility studies, detailed engineering and operation, verification or MWS

AO engaged as ‘Loadout Commander’ to

lead and coordinate the loadout on behalf

of the fabricator MMHE

The 20,000Te topside was built/integrated

on shore and loaded out onto the COSCO

vessel “Xiang Rui Kou”.

Typical considerations for loadout are:

• Vessel selection

• Integrated topside weight

• Land skid beam, loadout support

frame, grillage design and vessel

strength

• Tidal range, quayside dimensions and

skidding equipment

• Barge/vessel ballasting capacity

• Barge/vessel quayside mooring

• Barge/vessel entry and exit route from

fabrication yard

T&I - Kebabangan (KBB) Topside Loadout, Malaysia

Xiang Rui Kou Deck

KBB Topside

Malaysia Marine & Heavy Engineering (MMHE) quayside

T&I - Tapis Topside Floatover Installation, Malaysia

Upon arrival at installation site, installation vessel connected to

pre-laid moorings and made final preparations prior to docking

Typical considerations/operations for floatover are:

• Preparation of pre-installed substructure (jacket)

• Cutting/removal of seafastenings

• Function tests of equipment, i.e. winches, motion/weather

monitoring systems, positioning system, etc.

• Pre-ballasting of vessel

• Final check of clearances before docking

• After docking, ballast vessel to effect topside set-down,

vessel clearance and exit

Transportation Docking Mating

Exit

AO engaged as T&I Manager for MMHE

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Offshore Renewable Projects

2,304 offshore wind turbines with a combined capacity of 7,343 MW fully grid connected in 73 wind

farms spread across 11 European countries (June 2014)

310 wind turbines are awaiting to be grid connected

EUR 4.6-6.4 billion invested in offshore wind farms in 2013

0 2 5 17 0 3 0 451

170

276

90 90 93

318373

577

883 874

1166

1567

781

0

200

400

600

800

1000

1200

1400

1600

1800

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

H1 2

014

Annual

(M

W)

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European offshore wind market

Source: Carnegie research, company data

Installed offshore wind capacity in Europe (MW)

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Renewables

Client - Trianel GmbH

Project – Borkum West II Offshore Wind Farm

Location – German North Sea

Water Depth – Approximately 30m

Foundations – 850 tonne Tripod structures

Turbines – Areva Wind 5.0MW

Total Capacity – 40 x 5MW = 200MW

OWC Role: Project Management Services Technical Consultancy Commercial Management Engineering Services Liaison with Project Lenders and Shareholders

Tripod Installation at Borkum West II

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Borkum West II Project (cont’d)

Tripod installation

Piling with Bubble Curtain to supress Piling Noise

Turbine installation

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Rig Moving Services

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Jack-up market

High construction activity in recent years - total of 40 rigs scheduled for delivery in 2014 and 65 in 2015

Order backlog is currently 141 rigs - newcomers cover an increasing share of the market

Growth increasingly driven by new rig owners with small organizations and limited knowledge of

specialized operations

Marine & offshore operations require an increasing number of roles and an ageing jack-up fleet provides

ample engineering opportunities

4 3

10

15

29

2421

1614

41 40

65

45

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0

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50

60

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2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Del

iver

ies

of

jack

-up

s

Established players Newcomers

Source: Carnegie research, company data

Jack Up Rig Moving

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Since starting trading, we have focussed on jack up rig moving operations globally Our SoW is either provision of Towmasters / Rig Movers or covering the MWS We have been well supported by the market – rig owners / underwriters / oilco’s And have recently also been awarded rig moving contracts by ONGC (in India) / Saudi Aramco and have an on going contracts in Norway

Global Spread of Jack Up Rig Moving Operations

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Gulf of Mexico

West Africa

India

Middle East

North Sea / NCS

China, Vietnam, Malaysia, Indonesia

Jack Up Rig Moving

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Site Specific Location Approvals (engineering) Leg penetration analyses (geotechnical) Site specific rig deployment consultancy (footprint interaction / scour / marine) Marine Warranty Services Provision of Towmaster services Dry transportation approvals & consultancy Mooring analyses Towage approvals Pre-contract rig suitability engineering analyses General rig moving consultancy Training courses

Semi Rig Moves - NCS

Handling verification of mooring analyses, SOW, rig move meetings & risk

assessment, SSA’s, vessel suitability, logistics and mobilisation on behalf of

operators – “one-stop-shop”.

Extended use of anchor pre-lay where feasible, leading operations onboard

AHV’s.

In depth knowledge of vessels and capacities optimising each operation,

Rig moves of Semi’s and Jack-up Rigs.

Focus on safe & efficient operations and cont. improvement based on

experience gained through +150 rig-move and prelay operations.

Experienced operational personnel and engineering capacities, rapidly

expanding both in the North Sea and world-wide

Preparations & Logistics Prelay Rig Move

Reporting & Lessons Learned

AO/Tristein engaged as Marine Advisors on behalf of most major oil companies within NCS

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Marine Warranty Services

MWS - Brazil

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Appointed Marine Warranty Surveyor for the Integration of FPSO’s MV24 and MV26 for Modec at BrasFELS shipyard in Rio de Janeiro.

Providing highly experienced surveyors and engineers with familiarity of the local shipyards and of the client requirements adds value on site.

Key activities:

Module Loadouts, Transports & Installation

Over 60 lifts certified for the MV24

Quayside Mooring and Tow to Field

MV24 currently at mooring hook-up stage with First Oil expected end of September.

Same scope for the MV26 Project which is on-going

Both FPSO’s leased to Petrobras for the Pre-Salt Fields

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Dynamic Positioning (DP) Projects

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Dynamic Positioning Provide experienced multidisciplinary teams of engineering and operational resources with the aim of assisting our

Clients to operate and manage their units’ specific industrial mission.

Oilco Clients include Shell, BG Group, Repsol & Exxon.

Aqualis Offshore prepared the WSOG (Well specific operating guidelines) for the Marine Well Capture/Containment

Vessels built to provide coverage for the GoM in the event of another Macondo type incident. As a requirement by

the US Coastguard the upgraded DP 2 Tankers were provided with a WSOG to provide guidance and support for the

vessels crew in the event of the vessels having to carry out it’s Industrial mission

Repsol had issues with getting a DP2 Shuttle Tanker on hire for DP services for Petrobras and approached Aqualis

Offshore to prepare and witness DP Acceptance Trials to a standard accepted by Petrobras. The vessels are now

accepted. Aqualis Offshore is one of the two companies recommended by Petrobras for DP Shuttle Tankers DP

Assurance in Brazil.

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Dynamic positioning (cont’d)

Aqualis Offshore were able to assist BG Group in obtaining approval from Petrobras for 4 DP 2 shuttle tankers for

DP operations. The newly delivered vessels had undergone an FMEA and FMEA Proving Trials and while these had

been accepted by the classification society they were not accepted as suitable by the end user. We reviewed

delivered documentation and prepared an acceptance trials program in conjunction with Petrobras, vessel owner

and BG Group. Following completion of the trials the vessels were able to go on hire

Services to Shell include “Managing Marine Risk” with a close focus on station keeping using comprehensive

internally produced guidelines and supporting documentation (Shell DEM 1 document DEP 37.90.10.32-Gen).

Shell uses only named consultants who have been approved following a series of training and mentoring.

Currently Aqualis Offshore Singapore are the only provider of Shell approved consultants in Asia-Pacific for DP

related services.

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Vessel Inspections and Technical Due Diligence

Technical Due Diligence

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We offer technical due diligence to owner and financial institutions to assess the project risk prior to the project execution or during the construction phase.

Recently performed audits of several new builds and conversion projects on behalf of a bank. This included the following scope:

• Audits of new semi submersibles under construction:

– Verify and opine on schedule, progress, budget.

– Opine on owner and yard competence, capacity, experience, plans, execution.

– Opine on delay risks and other risks to the project.

– Analyse contracts, acceptance criteria, testing regime.

• Audits of existing semi submersibles during yard stay:

– Verify and opine on schedule, progress, budget.

– Opine on owner and yard competence, capacity, experience, plans, execution.

– Opine on remaining lifetime after yard stay.

• Technical Due Diligence of existing floating production units:

– Inspection of entire vessel and hydrocarbon systems.

– Opine on budgets including lifetime extension.

– Opine on vessel condition and function.

Offshore Vessel Assurance

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With experienced and accredited Inspectors for all common vessel assurance, we provide

safe and time effective surveys and inspections within Client expectations.

Our service include:

OVID Inspections

CMID Inspections

Condition Survey

Suitability Survey

“Initial” Insurance Survey

On-hire/off-hire Survey

Offshore guideline verifications

In total for Norway alone, Aqualis Offshore and Tristein performs more than 250 inspections

annually for major blue chip Oilco’s.

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Summary

Key takeaways / summary

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• NEW COMPANY, BUT EXPERIENCED TEAM

• HEADQUARTERED IN OSLO

• GLOBAL OFFICE NETWORK

• WELL FINANCED

• GOOD BACKLOG

• FOCUS ON MARINE AND ENGINEERING CONSULTANCY

• SERVICING THE OFFSHORE ENERGY MARKETS – OIL & GAS + RENEWABLES

• LISTED ON OSLO MAIN BØRS

• MULTI DISCIPLINED AND EXPERIENCED STAFF

• APPROVED BY MAIN INTERNATIONAL UNDERWRITERS FOR MWS

• WORKING DIRECT FOR OIL COMPANIES / SHIPYARDS / OFFSHORE CONTRACTORS / ASSET OWNERS

• AMBITIOUS GROWTH TARGETS

Courtesy Oslo BØRS

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Offices strategically located near the world’s major offshore energy centers

David Wells CEO Aqualis Offshore Ltd 80 Coleman Street London EC2R 5BJ Office: +44 (0)207 653 8980 Direct: +44 (0)207 653 8981 Mob : +44 7717 636783 Email: david.wells@aqualisoffshore.com

Thank you – questions?

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Appendix

Corporate structure

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**The company is 100% controlled by Aqualis Offshore

Aqualis ASA

* In KSA / Bahrain, Aqualis operates through agency agreement with AET

Aqualis Offshore Inc

(Houston, USA)

Aqualis Offshore Marine Services LLC

(Dubai,UAE)

Aqualis Offshore Pte Ltd

(Singapore)

Aqualis Offshore UK Ltd

(London, UK)

Aqualis Offshore Serviçõs Ltda

(Rio de Janeiro, Brazil)

Aqualis Offshore AS

(Sandefjord, Norway)

49%** 100%

100% 100% 100%

Aqualis Offshore Marine Consulting

Co., Ltd. (Shanghai, China)

Aqualis Offshore

Ltd

(London, UK)

100%

100%

Aqualis Dammam, KSA*

100%

Tristein AS

(Oslo, Norway)

100% 100%

Offshore Wind Consultants Ltd

(London, UK)

100%

Aqualis Offshore S. de R.L. de C.V. (Mexico City,

Mexico)

Aqualis Offshore Marine Consulting

LLC (Abu Dhabi, UAE)

100%

Aqualis Manama, Bahrain*

100% 49%**

Executive management David Wells, CEO. Master Mariner Has more than 30 years experience in the offshore sector with particular focus on offshore operations, MWS and marine consultancy. Specialist on jack up operations, location approvals and all aspects of rig moving. More recently involved in senior management duties.

Dr Bader Diab PhD, Director Engineering and North America Structural and Global Performance Engineer. 25 years offshore engineering global experience covering both shallow and deep water sectors with extensive structural design experience of MODUs, mooring systems, motions, installation engineering and familiarity with shipyards. Based in Houston.

Reuben Segal, Director Middle East. Naval Architect 19 years experience in the offshore and shipping sectors covering both engineering design and ship surveying. Extensive recent global business development experience with focus on Design and Construction of offshore oil and gas assets.

Phil Lenox, Director Asia Pacific. Structural Engineer Over 40 years of onshore/offshore experience with both contractors and consultancies including conceptual design, detailed structural analysis and design through to construction and installation. Specialises transportation and installation projects including

Bjørn Havard Brenden, M.Sc., Director Norway Naval Architect and Marine Engineer with 20 years experience in engineering design and as project manager for projects involving ships, semi submersibles, offshore service vessel, tankers and conversions to FSU/FPSO including offshore construction and installation experience. Based in Norway.

Santosh George, Group QHSE Manager Specialist QHSE consultant and auditor with extensive risk analysis experience covering shipyards and offshore assets together with implementation of Group Management systems and ISO accreditations. Based in UAE.

Christian Opsahl, CFO Extensive international finance, investment banking and private equity experience within the global financial markets, together with industrial experience from companies servicing the offshore oil and gas markets. Based in Norway.

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Dr Andrew Theophanatos PhD, Director South Americas Naval Architect with over 30 years experience in offshore engineering and project management around the world and latterly in Brazil. Specialises on offshore engineering projects in both consultancy and MWS capacities for services related to all recent deepwater field development projects.

Torbjørn Rogde, Managing Director, Tristein AS Extensive background from the navy from 1986 to 2001. Experience includes AMOS Academy and Grieg Logistics. Before joining Tristein AS, he was running his private company, supporting development of HSEQ systems and conducting management and leadership training for seafarers.

Ian Bonnon, Group Renewables Director Over 30 years experience in the offshore wind, oil and gas, marine and subsea cable industries. Specialist in provision of consultancy services to offshore wind farm developers and investors for full life cycle scopes of work. Ian is a Chartered Civil Engineer and is based in London