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Global Industries, Ltd.Peter S. Atkinson
President
Global Industries, Ltd.Peter S. Atkinson
President
IPAANew York
April 19th, 2004
IPAANew York
April 19th, 2004
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Safe Harbor StatementSafe Harbor Statement
“This presentation contains statements that are not historical facts and such statements are “forward-looking statements” within the meaning of section 27A of the U.S. Securities act of 1933 and section 21E of the U.S. Securities exchange act of 1934. These forward-looking statements reflect the company’s current intentions, plans, assumptions and beliefs about future events and financial performance and are subject to risks, uncertainties and other factors, many of which are outside the company’s control. A discussion of these factors is included in the company’s periodic reports filed with the U.S. Securities and exchange commission. In light of the risks, uncertainties and assumptions, the events described in the forward-looking statements might not occur or might occur at that these projections will be achieved, and actual results could differ materially from those projected as a result of certain factors. We undertake no obligation to update or revise our forward-looking statements because of new information, future events or any other reason.
This presentation does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, or the solicitation of a proxy or an attempt to influence any voting of securities, by any person.”
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Agenda
Assets & Facilities Customers & Competitors Industry Overview Project Execution Mexico Outlook Going Forward Questions and Answers
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Assets & FacilitiesAssets & Facilities
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In the Beginning, 1973In the Beginning, 1973
Price per gallon of gas = $.40 Price per MCF natural gas = $.22 Global gross revenues = $200,000 Net Earnings = {$40,000} Vessels Owned = 0 Total Employees = 2 Divers:
Byron Gray, Roland Bouchard
Total Yard Personnel = 1: Joe Thornton Total Office Personnel = 1: Kathryn Legendre Company Vehicles = 1: Truck Age of Owner = 30 years old Office Building = Trailer
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Present Day, 2004Present Day, 2004
Global gross revenues = $500 M Vessels Owned = 68
Total Employees = 2,000 Office Building = 15 Locations
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CarlyssHouston
New Iberia
NigeriaAngolaGhana
India
SharjahChina
ThailandSingaporeIndonesia
BruneiMalaysiaAustralia
GOM Inter/Deep
Latin America/Mexico West Africa
Asia Pacific
GOM Inter/Deepwater 5 vesselsLatin America/Mexico 2 vesselsMediterranean 2 vesselsWest Africa 3 vesselsAsia Pacific 3 vessels
Total 15 vessels* Excludes liftboats, DSV, OSV, cargo/launch barges and crew boats
* Includes MSV Pioneer
Worldwide Operations in 27 CountriesMajor Combination Derrick/Pipelay BargesWorldwide Operations in 27 CountriesMajor Combination Derrick/Pipelay Barges
China
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Two Operating SegmentsTwo Operating Segments
Global Industries LTD
Offshore
Construction Division
(OCD)
Offshore
Construction Division
(OCD)
Global Divers &
Marine Contractors
(GDMC)
Global Divers &
Marine Contractors
(GDMC)
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Worldwide
Subsea completions
Wet and hyperbaric welding
Technology and Experience
Saturation diving to 1,500 feet
Nuclear power plant maintenance
Global Divers Marine ContractorsDiving ServicesGlobal Divers Marine ContractorsDiving Services
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Gulf of Mexico (22)
Abandonment support
Diving support
Water depths up to 180 feet
Installation/repair
Pipeline installation
Gulf of Mexico (22)
Abandonment support
Diving support
Water depths up to 180 feet
Installation/repair
Pipeline installation
Global Divers Marine ContractorsLiftboat ServicesGlobal Divers Marine ContractorsLiftboat Services
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Pipeliner 5
Length: 180 ft.
Sea Constructor
Length: 250 ft.
Global Divers Marine Contractors Coastal VesselsGlobal Divers Marine Contractors Coastal Vessels
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Offshore Construction DivisionOffshore Construction Division Deepwater Projects Large Diameter Pipelines Salvage Projects
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Hercules
Length: 513 ft.
Lift (tons): 2000
Offshore Construction Division (OCD)HerculesOffshore Construction Division (OCD)Hercules
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Titan 2
Length: 457 ft.
Lift (tons): 880
Offshore Construction Division (OCD) Titan 2Offshore Construction Division (OCD) Titan 2
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Comanche
Length: 400 ft.
Lift (tons): 1,000 s.t.
Cheyenne
Length: 350 ft.
Lift (tons): 800 s.t.
Navajo
Length: 240 ft.
Lift (tons): 150 s.t.
West AfricaOCD VesselsWest AfricaOCD Vessels
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Iroquois
Length: 400 ft.
Lift (tons): 250 s.t.
Tonkawa
Length: 250 ft.
Lift (tons): 175 s.t.
Mediterranean & Middle EastOCD VesselsMediterranean & Middle EastOCD Vessels
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DLB 332
Length: 352 ft.
Lift (tons): 750 s.t.
DLB 264
Length: 400 ft.
Lift (tons): 1,100 s.t.
Seminole
Length: 424 ft.
Lift (tons): 800 s.t.
Asia PacificOCD VesselsAsia PacificOCD Vessels
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Customers & CompetitorsCustomers & Competitors
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Traditional CustomersTraditional Customers
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Russian companiesFull IOC access
NOC (no equity access)
NOC (equity access)
Source: PFC Upstream Competition Service & BP; reserve figures are conventional billion boe, 2001
140 / 7% 113 / 6%324 / 17%
1,354 / 70%
STATOIL
Growing Significance of National Oil Co. (NOC’s)RESERVESGrowing Significance of National Oil Co. (NOC’s)RESERVES
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CompetitorsCompetitorsJ.
RAY
McDERM
OTT
HYUNDAI HEAVY INDUSTRIES
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Industry Overview
Industry Overview
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Industry Considerations — 2001 - 2003Industry Considerations — 2001 - 2003
Over capacity Industry continued to maintain construction fleet despite soft market Extremely competitive industry; driving down margins and driving up project risk
Very poor results Under-bidding First-of-kind development (high-risk) Poor execution Onerous Terms: EPIC fixed-price contracts
Risks were rising, not falling Larger, deeper, more complex projects Project insurance difficult to obtain/expensive Variation orders, litigation, receivable claims and collection difficulties Consistent delays for deepwater projects despite increase in number of projects
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Industry Considerations — The Good NewsIndustry Considerations — The Good News
Several new management teams Improving coordination, best practices Refusal of onerous contract terms Drive towards teaming on projects
Deepwater projects only delayed, not canceled (1)
150 deepwater field developments 2003-2007 (twice the previous five years) for $58 billion (+125%)
116 floating productions systems (60% more than previous five years) for $32 billion (+87%)
51,000 km offshore pipeline installations 2004-2007 for $54 billion (+30%); 30% will be deepwater with international markets leading the way
The sector has learned its lessons Poised for better margins and improved contract terms due to increased bidding
discipline, better projects execution and improving market conditions
1. Douglas – Westwood ltd., Infield Systems Ltd.1. Douglas – Westwood ltd., Infield Systems Ltd.
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Project Execution
Project Execution
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Project ExecutionProject Execution
Shifted focus from EPIC projects to primarily pipeline projects -- being more selective
Non-performers have been replaced
Project teams are being strengthened
Recent addition of a Commercial Manager to support change order and claim management with clients and subcontractors
On-line reporting systems are now fully operable
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Operations Planning and Execution (OPE)Operations Planning and Execution (OPE)
Worldwide Resource Planning (Quarterly)
Regional Planning (Monthly)
Project Level Planning (Weekly)
Competitors Barge Schedule Commitments (as information is received)
Project Personnel Assignments (Upon Award/As Revised)
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Project Controls
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Global Website
Projects
Project Updates for Clients
singpem
••••••
Global Website
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Barge
Global Office
Laptop DesktopCustomer Customer Customer
PDA
VSAT Communication
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Global Sky - Internal
Improves administrative efficiency allowing Barge Superintendent to focus on work in progress.
Gives us data from which we can create various analyses
Provides Vessel Activity and dailyproductivity reports.
Reports online replacing ship to shore fax and email communications.
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Combines Estimating and Project Management Processes.An online review Application.
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Bidding ProcessBidding Process
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Estimating OrganizationEstimating Organization
Estimating ManagerAsia Pacific
Bangkok, Thailand
Estimating ManagerGulf of Mexico
Carlyss, LA
Estimating ManagerMexico
Ciud Del Carmen, MX
Estimating ManagerCoastal
New Iberia, LA
Area VPAsia Pacific
Area VPGOM
Area VPMexico
PresidentGDMC
Director, EPMSME,WA,SA
Houston, TX
CORPORATE
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Monte Carlo Risk Analysis on major projects.
Commercial and third party risks.
Cash flow analysis to obtain positive or neutral cash flow.
Cumulative Cash flow Curves60 day Payment Cycle - LC Option
$-
$50,000,000.00
$100,000,000.00
$150,000,000.00
$200,000,000.00
$250,000,000.00
$300,000,000.00
Nov-0
3
Jan-
04
Mar
-04
May
-04
Jul-0
4
Sep-0
4
Nov-0
4
Jan-
05
Mar
-05
May
-05
Jul-0
5
Sep-0
5
Nov-0
5
Jan-
06
Mar
-06
May
-06
Jul-0
6
Month
Val
ue
Cash Inflow
Cash outgo
Note: Barge Depreceiation expense assumed as cash expense for the purpose of this analysis
LATEST DATE 1 APR 4 EXPECTED DATE 17 MAR 4 EARLIEST DATE 1 MAR 4
TARGET DATE 16 MAR 04
Plot Date 22OCT03
(c) Primavera Systems, Inc.
MAXIMUM COST $1,669,704EXPECTED COST $1,461,709MINIMUM COST $1,257,346
TARGET COST $1,416,475
Maximum
Expected
Minimum
MONTE CARLO RISK ANALYSISCHEVRON -NIGERIA - OKAN MODULE LIFTS
Cost-Time Envelope Graph
Date Revision Checked Approved
0.1
0.2
0.3
0.4
0.5
0.6
0.7
0.8
0.9
1.0
1.1
1.2
1.3
1.4
1.5
1.6
In millions
Cost
18AUG
25AUG
1SEP
8SEP
15SEP
22SEP
29SEP
6OCT
13OCT
20OCT
27OCT
3NOV
10NOV
17NOV
24NOV
1DEC
8DEC
15DEC
22DEC
29DEC
5JAN
12JAN
19JAN
26JAN
2FEB
9FEB
16FEB
23FEB
1MAR
8MAR
15MAR
22MAR
29MAR
Time
Cost Probability Finish DateMaximum Cost: $1,669,703 Latest Date: 01Apr 04 Expected Cost: $1,461,709 Expected Date: 20Mar04Minimum Cost: $1,257,345 Earliest Date: 01Mar04
Target Cost: $1,416,475 Target Date: 16Mar04
Risk EvaluationRisk Evaluation
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1/9/2004
Bid No. 6838WE
1
WEST AFRICA GAS PIPELINECOMPANY
West Africa Gas Pipeline Project
Management Review PresentationAugust 7, 2003
Ashit Jain
1/9/2004
Bid No. 6838WE
1
Index
Client Information
Bid Information
Scope
Contractual Items
Execution Plan
Estimate
Competitor Information
Global Vessel Commitment Schedule
Risk and Opportunity Analysis
Capex Requirements
Management Review ProcessManagement Review Process
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Regional Presence
Equipment & Availability
Risk Profile
Competitive Rating
2/20/2004
Bid No. 6838WE
1
Competitor Information
Com pe titor A B C D
E quipm ent X/Y X/Y X/Y X/Y
A vailability B oth A vailable ex -GOMX Oc cupied/ Y
A vailableDB -X available ex S .A .,
ex -S E A A vailable
S trengthP roduc tivity & Reliability , Lower
trans port Cos ts ($4m ups ide)
Regional K nowlegde, Trunk line Ins tallat ions ,
Com petit iveP roduc tivity w/ 60' and
double joint ing P ric ing P ower
W eaknes sNo Regional K nowledge &
W ork E x p. Heavy bac k log
No Regional K nowledge, M ob Cos t, Current F inanc ial Condit ion
Lim ited Regional K nowledge, Unreliable,
F inanc ial condit ion, Im age, M ob Cos t
Lateral P ipeline Ins tallat ion
S ubcontrac t to W illbros / W es t A frican V entures
S m aller E quipm ent inhous e
S ubcontrac t to W illbros / W es t A fric an V entures
S ubcontrac t to W illbros / W es t A frican V entures
Landfall W orksS ubcontrac t to W illbros / W es t
A frican V enturesS ubcontrac t to HDD
Contrac torsS ubcontrac t to W illbros / W es t A fric an V entures
S ubcontrac t to W illbros / W es t A frican V entures
Nic he Long P ipelines Trunk lines N o n e NoneRis k O ffering to
Client Low Low Me d iu m HighOverall Com petit ive Rating - Relative to
Consort ium 1.1 1.25 0.95 0.9
Competitor AnalysisCompetitor Analysis
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Global Star - COO PageMexico - 3 Pipeline Repair ProjectGlobal Star - COO PageMexico - 3 Pipeline Repair Project
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PEMEX 18 mile 24” PipelineDLB ShawneePEMEX 18 mile 24” PipelineDLB Shawnee
7-Jan
-049-J
an-04
11-Ja
n-04
13-Ja
n-04
15-Ja
n-04
17-Ja
n-04
19-Ja
n-04
21-Ja
n-04
23-Ja
n-04
25-Ja
n-04
27-Ja
n-04
29-Ja
n-04
31-Ja
n-04
2-Feb
-044-F
eb-04
6-Feb
-048-F
eb-04
10-Fe
b-04
12-Fe
b-04
14-Fe
b-04
16-Fe
b-04
18-Fe
b-04
20-Fe
b-04
22-Fe
b-04
24-Fe
b-04
26-Fe
b-04
28-Fe
b-04
1-Mar-
043-M
ar-04
5-Mar-
047-M
ar-04
9-Mar-
0411
-Mar-
0413
-Mar-
0415
-Mar-
04
0
250
500
750
1000
1250
1500
1750
2000
2250
2500
Cumulative Plans
Cumulative Actuals
WDT
WDT
WDT
WDT
WDT
2300 Pipe Joints
Ramp Up
WDT Weather Downtime
Final Productivity Factor = 0 .86
Source: Global
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Productivity Bonus Program Update 2004Productivity Bonus Program Update 2004
Chickasaw W&T Offshore 4” and 6” P/L Paid
Spool Base W&T Offshore 4” and 6” P/L Paid
Welding Crew W&T Offshore 4” and 6” P/L Paid
Chickasaw Zia Energy 5” and 5” PIP Paid
Pioneer Zia Energy 5” and 5” PIP Paid
Arapaho Mariner Energy 3 Pile Project Paid
Arapaho Apache Corp. Salvage 3 platforms Paid
Titan Pemex 3 Pipeline Repair Paid
Cherokee ATP Salvage Re-install Paid
Cherokee Unocal Salvage Tripod Paid
Cherokee Spinaker Compressor Install Paid
Cherokee BP Rig Move H&P Paid
41
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Mexico OutlookMexico Outlook
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Source: Banco de México
Mexico Economic EnvironmentMexico Economic Environment
$ 194$ 185$ 172$ 169IMPORTS (Billions $)
N/A$ 17$ 14$ 13Petroleum
$ 183$ 176$ 166$ 161 Total
EXPORTS (Billions $)
4.5% - 5%3.8%1.6%0.9%ECONOMIC GROWTH (Pct)
2005200420032002
PROJECTEDACTUAL
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Source: Poder Magazine & *Pemex
Pemex StatementsPemex Statements
9.749.349.48Exchange Rate (Pesos per USD)
N.A.4540Staffs
N.A.94109Petrochemical
205306389Gas and basic Petrochemicals
776685730Refinery
$10.1 Billion$10.1 Billion2,3625,4695,542Exploration & Production
3,3446,5996,809Total
Investments
10,62412,96316,840Net Worth
62,95545,79243,560Liabilities
73,57958,75560,400Assets
Balance Sheet
(3,217)(3,597)(2,123)Net Income
30,97627,79730,995Taxes
$42 Billion$42 Billion29,17625,15328,872Income Before Tax
21,61921,83221,633Operating Cost
50,79546,98650,505Revenue
Income Statement
$ (Mils)$ (Mils)$ (Mils)
20042003200220012000
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National oil reserves have declined at a rate of 1.8% annualy due to the lack of investment in exploration.
Source: Secretaria de Energía
Mexico Oil ReservesMexico Oil Reserves
30,000
32,000
34,000
36,000
38,000
40,000
42,000
44,000
46,000
48,000
1990 1992 1994 1996 1998 2000 2002
mm
b
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Source: Secretaria de Energía
Mexico Oil Daily Production Mexico Oil Daily Production
0
500
1,000
1,500
2,000
2,500
3,000
3,500
1990 1992 1994 1996 1998 2000 2002
mbd
Total Heavy Light Super Light
Production for 2003’ was 3,370 mmb
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Mexico Oil Production per RegionMexico Oil Production per Region
Cantarell field of the North-East Region represents 60% of National production.
0
500
1000
1500
2000
mbd
North-East South-West North South
Source: Secretaria de Energía
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Mexico Offshore Construction ActivityMexico Offshore Construction Activity
Source: PEMEX Drilling Division
NOTES: 1) Three contracted drilling platforms 2) One contracted drilling platform 3) Four contracted drilling platforms4) A contracted riser platform
Twelve platforms have been contracted and three more are in bidding process nowadays.
RecoverWells
Marina Noreste 5 11 1 4 1 0 22 36 167
North 0 2 0 0 0 2 4 4 92
Marina Suroeste 1 16 0 1 0 1 19 20 361
Total 6 29 1 5 1 3 45 60 620
1)
3)
4)
2)
Production Riser TotalRegion .
Drilling Living quarterTrunk Pipes Kms
Type of platforms
CompressionRecover
Wells
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Mexico Offshore Drilling ActivityMexico Offshore Drilling Activity
Source: PEMEX Drilling Division
DOS BOCAS FRONTERACD. DEL CARMEN
POZA RICA
TAMPICO
TUXPAN
VERACRUZ
Ayin-Alux
Crudo Ligero Marino
Ixtal-Manik
Ku-Maloob-Zaap
CantarellLankahuasa
Lobina
Carpa
Región Norte
Región Marina Noreste
Región Marina Suroeste
Yaxché
Golfo de México
New Installation Infrastructure
Offshore in the Marine Zone
New Installation Infrastructure
Offshore in the Marine Zone
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Mexico Pipeline Market 2004-2005Mexico Pipeline Market 2004-2005
Global Offshore Mexico Global Projects Bid Process
PIPELINES: Competitors Projects Procurement
Prospective Work / February 2004' Bids in House Construction
Activeor
Project Start E F M A M J J A S O N D E F M A M J J A S O N D E F M A M J J A S O N D
Norte Norte 24" X 25 Km Lankahuasa Dic-02
SO Abk 8"Ø X 12.5 Kms PTB to Batab-A 31-Jul-03
SO Abk 24"Ø X 29 Kms Enlace to Uech-A 07-Ago-03
NE Cantarell 36"Ø X 53 Km Pol-A to PR-1 06-Nov-03
SO Litoral 12"Ø X 5.5 Kms Manik to Ixtal 06-Nov-03
SO Litoral 24"Ø X 18.2 Kms Ixtal to ABK-D 06-Nov-03
SO Litoral 24"Ø X 17 Kms May-A to Enlace 11-Nov-03
SO Litoral 10"Ø X 0.3 Kms May-1 to May-A 11-Nov-03
SO Litoral 20"Ø X 3 Kms May-B to May-A 11-Nov-03
SO Litoral 16"Ø X 10.3 Kms Costero to May-B 11-Nov-03
NE Cantarell 24"Ø X 2.9 Kms Akal-MB to Akal-B 18-Dic-03
NE Cantarell 24"Ø X 1.1 Kms Akal-MB to Akal-M 18-Dic-03
NE Cantarell 12"Ø X 0.4 Kms Anillo B.N. to Akal-MB 18-Dic-03
NE Cantarell EPC-77 (12 pipelines) 15-Ene-04
SO Litoral 16"Ø X 3.2 Kms Sinan-C to Sinan-D 23-Mar-04
SO Litoral 16"Ø X 0.7 Kms Sinan-B to L-16" 23-Mar-04
SO Litoral 20"Ø X 0.1 Kms Sinan-C to L-20" 23-Mar-04
SO Litoral 16"Ø X 0.9 Kms Sinan-A to L-16" 23-Mar-04
SO Litoral 16"Ø X 14 Km Yaxche-A to Puerto Ceiba 23-Mar-04
SO Litoral 12"Ø X 0.1 Km Bolontiku-A to L-24" X 29 Km 23-Mar-04
SO Litoral 16"Ø X 1.6 Km Citam-A to L-16" X 14 Km 23-Mar-04
SO Litoral 8"Ø X 11.5 Km Kab-101 to Enlace 23-Mar-04
SO Litoral 10"Ø X 21.3 Km Mison-A to Enlace 23-Mar-04
SO Litoral 10"Ø X 4 Km Mison-B to Line-10"Ø (Mison-A/Enl)23-Mar-04
4 Qtr.1 Qtr. 2 Qtr. 3 Qtr. 4 Qtr. 1 Qtr.2003 2004 2005
2 Qtr. 3 Qtr. 4 Qtr.1 Qtr. 2 Qtr. 3 Qtr.Region DescriptionBid
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Global Projects Bid Process
Competitors Projects Procurement
Bids in Home ConstructionActive
or
Project Start E F M A M J J A S O N D E F M A M J J A S O N D E F M A M J J A S O N D
NE Ku-Ma-Za 24"Ø X 2.2 Kms PP-Ku-C to PP-Ku-S 24-May-05
NE Ku-Ma-Za 12"Ø X 2.6 Kms L-20 (ZP-C/MB-A) to PP-ZP-A 24-May-05
NE Ku-Ma-Za 12"Ø X 2.9 Kms L-20 (AK-L/Ku-A) to KU-S 24-May-05
NE Ku-Ma-Za 12"Ø X 0.8 Kms L-20 (Ku-A/ZP-C) to PP-ZP-B 24-May-05
NE Ku-Ma-Za 24"Ø X 1.6 Kms PP-ZP-D to PP-ZP-A 24-May-05
NE Ku-Ma-Za 12"Ø X 4.2 Kms L-07 to PP-ZP-D 24-May-05
*Total Pipelines:
4 Qtr. 1 Qtr. 2 Qtr. 3 Qtr.
2004 2005
1 Qtr. 2 Qtr. 3 Qtr. 4 Qtr. 1 Qtr. 2 Qtr. 3 Qtr. 4 Qtr.Region DescriptionBid
2003
Active
Global Offshore MexicoPIPELINES:
Prospective Work / February 2004'
Mexico Pipeline Market 2004-2005Mexico Pipeline Market 2004-2005
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Going ForwardGoing Forward
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StrategyStrategy
Maintain leadership position in mature shallow water domestic market while selectively targeting Gulf of Mexico deepwater opportunities.
Pursue growth through International expansion by:
Leveraging our position in Mexico to become Pemex’s contractor of choice,
Focus on developing new markets in Mediterranean and India.
Expand our niche underwater welding technology and pipe-in-pipe expertise into India, China and other select areas.
Pursue opportunities in Brazil and deepwater West Africa.
Continue to focus on “Transportation and Installation” rather than EPIC, “turnkey” type contracting philosophies.
Divest under-performing assets and resources.
Develop our employees into the most professional, best-organized in our industry.
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Actions TakenActions Taken
We have strengthened the Organization
We have improved our reporting& Management Systems
We are just starting to see the benefits of Global Star and the barge productivity programs
Increasing Backlog
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Improved PositionImproved Position
Our market does exist and is getting stronger particularly in Mexico, the Mediterranean and Offshore India
We are beginning to see a ground swell among major contractors unwilling to continue accepting the current T&C’s .
We continue to enjoy a great reputation among the London Underwriters for our contracting philosophy, employee safety and Assets preservation.
We have one of the best safety records in the industry.
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Worldwide Projections
Worldwide Projections
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Market ConditionsAnnual E&P Spending SurveysMarket ConditionsAnnual E&P Spending Surveys
2003 E&P spending exceeded original projections by 10%.
Worldwide E&P spending forecast to rise 4% to $145 Billion in 2004.
North American Spending to remain flat, International to increase 6%.
Solomon, Smith Barney, Lehman BrothersSolomon, Smith Barney, Lehman Brothers
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2004Latin
America $40M
WestAfrica$95M
Projects Include:Prospects & Bids
50% Project Probability
$1.6 BillionMiddle East
India $280M
MED $95M
Mexico $890M
GOM $270M
AsiaPacific $50M
Worldwide Projects - by RegionStart Date 04Worldwide Projects - by RegionStart Date 04
Source: Global Analysis
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2005Latin
America $100M
WestAfrica$260M
Projects Include:Prospects & Bids
50% Project Probability
$2.9 BillionMiddle East
India $110M
MED $140M
Mexico $990M
GOM $600M
AsiaPacific $700M
Worldwide Projects - by RegionStart Date 05Worldwide Projects - by RegionStart Date 05
Source: Global Analysis
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04/21/23
Start date:
West Africa
Latin America
Gulf of Mexico
Asia Pacific
Mexico
Med
Middle East / India
2003
$250 M
$130 M
$105 M
$150 M
$65 M
$10 M
$20 M
2004
$65 M
$30 M
$315 M
$370 M
$240 M
$280 M
$55 M
$730 M $1.4 BTotal
Change
A 90% IncreaseA 90% IncreaseSource: Global
WW Bid Activity - by Value2003 vs 2004WW Bid Activity - by Value2003 vs 2004
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Forecasted Worldwide Pipelines MilesForecasted Worldwide Pipelines Miles
Source: Infield Systems, Global
2004 2005 2006 2007 20080
2000
4000
6000
8000
Pipe
line
mile
s
6,000 - 8,000 miles per year, for next 4 -5 years6,000 - 8,000 miles per year, for next 4 -5 years
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Questions & Answers
Questions & Answers