IADC SEAC Chapter Annual General Meeting 8 December 2016 Ho Chi - - PowerPoint PPT Presentation

8 December 2016 – Ho Chi Minh City

IADC SEAC Chapter Annual General Meeting

Sponsors:

Safety Briefing

Hotel Staff

2

Chairman’s Welcome

Chairman Manav Kumar

3

Agenda

4

Ho Chi Minh City 8 December 2016

Event Program 16:00 Registration & Networking Light Refreshments Served 16:30 Welcoming Remarks Manav Kumar, IADC SEA Chapter Chairman 16:40 Special Keynote Address: Mr Pham Tien Dung, President & CEO of PV Drilling 16:50 South East Asia Market Outlook Speaker TBC, IHS 17:10 IADC Global Update Indonesia Cabotage Law update Chit Hlaing, Assistant Director, IADC 17:30 IADC SEAC HSE Subcommittee Update Bo Hansen, Committee Chairman, HSE Manager Maersk Drilling 17:40 Rig Preservation & Reactivation Challenges Ad Tange, Technical Manager, Lloyd's Register 18:00 2016 Review Manav Kumar, IADC SEAC Chairman Vincent Tan, Treasurer Joachim van der Meulen, Secretary 18:10 Looking ahead Louay Laham, IADC SEAC Vice Chairman 18:20 Nomination and Election of Officers 18:30 Networking reception 20:00 Adjournment

Sponsors

5

Key Note Address

Mr Pham Tien Dung, President & CEO of PV Drilling

6

South East Asia Market Outlook

Jason Connelly, IHS

7

Preservation & Reactivation Challenges

Ad Tange, Lloyd’s Register

8

HSE Committee Update

Bo Hansen, Maersk Drilling

9

Financial Update

Vincent Tan IADC SEA Chapter Treasurer Managing Director, MTQ Engineering Pte Ltd

10

IADC SEAC – Financial Update

11

Income Statement for Financial Year 2016 (Jan 1 to Nov 31, 2016)

S$

Opening Bank Balance

83,748.07

Receipt from Membership Fees and Sponsorships

29,951.55

Expenses for Chapter Meetings

• 37,065.13

Audit and Secretarial Services Fee for FY2013, FY2014 and FY2015

• 11,728.80

Bank Balance as at 31 November 2016

64,905.69

IADC SEAC – Financial Update

12

• FY2013, FY2014 and FY2015 Financial Statements have been submitted to the Tax

Authorities in Singapore. Our Taxes were assessed and no taxes need to be paid as net losses were reported for the 3 Financial Years. We were fined S$400 for late submission for FY2015 as previous administration did not submit FY2013 and FY2014

• n time resulting in delay for FY2015 submission.
• FY2016 Membership Invoices have been sent out to all members.
• Expected Collection base on 35 memberships: US$18000 ~ (S$24,300)
• Collection Till Date: 25 Paid (US$12,500)
• 10 members have been sent Reminders
• Check-6 Bakti Sdn Bhd
• James Fisher Offshore Malaysia Sdn Bhd
• Upstream Drilling Pte Ltd – Part of Frontier Drilling
• Ensco
• Bibby Ship Management (India) Pte Ltd
• Songs Opus Offshore Drilling
• Sinopec Oilfield Equipment Corporation
• COSL Drilling Pan-Pacifc Ltd
• Rigzone
• OCS Group

Secretary Update

Joachim van der Meulen IADC SEA Chapter Secretary Marketing and Sales Manager, Lloyd’s Register

13

Current Members

14

(paid up)

1. Diamond Offshore 2. Lloyd's Register 3. UMW Oil & Gas Corporation Berhad 4. Sapukara Kencana Drilling Pte Ltd 5. Vantage Drilling 6. Northern Offshore 7. MTQ 8. Dynamic Drilling 9. Maersk Drilling

• 10. NDIL Malaysia Sdn Bhd
• 11. KS Drilling
• 12. Noble
• 13. Thermarprime Drilling Corporation
• 14. Scantech Offshore
• 15. The Reach Group
• 16. Shelf Drilling
• 17. Frigstad Offshore
• 18. All Rig
• 19. Drilling Systems
• 20. Transocean
• 21. Compass Offshore
• 22. OES Oilfield Services
• 23. Rigzone
• 24. Pertamina
• 25. PV Drilling
• 26. (Smit Singapore 2017 onwards)

Way Forward

Louay Laham, Chairman-elect

15

Leadership Elections

16