Company presentation

Østensjø Rederi AS

• A leading provider of offshore marine services to the global oil and gas industry

• Established in 1974 by sole owner Johannes Østensjø

• Based in Haugesund, Norway

• About 600 skilled employees (50 onshore)

• Solid balance with 2012 revenue of NOK 1250m and EBITDA of NOK 365m

Operates within three segments

Terminal & Tug Services

15 Tugs6 Mooring launches

1 Newbuild

OffshoreServices

4 Light Construction vessels4 PSVs

1 Newbuild

AccommodationServices

Edda Fides, monohull accommodation vessel

1 + 1 newbuild

Terminal & Tug services

• Østensjø Rederi has provided• Terminal services since 1985• Towage• Pollution control• Fire-fighting• Mooring operations• Tanker escort

• Operations at oil and gas terminals in UK, Ireland and Norway

• A total of 22 tugs and ancillary crafts in operation

Tugs

Felix (1995)

Ajax (2000)

Velox (2005)

Fox (1988) Rex (1988)

Statoil, Sture Shell, Nyhamna

Vivax (2008)

Silex (1994)

Max (2007)

Obelix (2007)

Thrax (1994)

Phenix (2007)

Asterix (2001)Ibex (1993)

Esso, Fawley

Alex (1995)

Apex (2008)

Whitegate, Cork

Bantry Bay

Tenax (2006)

Thorax (1993)

Spot

Vortex (2010)

Lomax (2012)

Offshore services• Østensjø Rederi has always been on the

forefront of PSV design and Operation• Edda-vessels are acknowledged in the market• Long track record• Several innovative solutions that have become industry

standards

• Involved in many subsea areas• ROV/survey• Cable lay• Trenching• Heavy lift and module handling• Scale squeeze

• A total of 9 vessels in segment• 1 newbuild

• Subsea services• Est. DeepOcean in 1999 (sold 2008)• Established DeepWell in 2006

Offshore vessels

Edda Flora (2008)

Edda Sprint (1991) Edda Frigg (1997)Edda Ferd (2013)

Edda Fjord (2002)

Edda Fonn (2003) Edda Fram (2007)Edda Frende ( 2009)

Edda Fides( 2011)

Edda Fauna (2008)

Edda TBN (2015)

Edda TBN (2016)

Edda Accommodation• Provider of world class

offshore accommodation services

• Successful experience with Edda Fjord

• Edda Fides delivered March 2011• Unique purpose built monohull

accommodation vessel• Highest HSE standards• Flexible solution for gangway• Low mob.-/demob. Cost• Reduced fuel cost

• 1 newbuild being constructed at Hyundai Heavy Industries (Korea)

Mindset

• At Østensjø our minds have always been set on being at the forefront of development

• Our main challenges are:• to reduce the environmental effect of our

business • contributing to increased profitability for

our clients

• Our answer to these challenges can be found in the answer to three targets we’ve set for ourselves :

• To produce power as efficiently as possible• To lower overall power consumption• Energy saving through knowledge

Østensjø Rederi clients

www.ostensjo.no