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

IADC SEAC Chapter Annual General Meeting 8 December 2016 – Ho Chi Minh City Sponsors:

Safety Briefing Hotel Staff 2

Chairman’s Welcome Chairman Manav Kumar 3

Agenda 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 IADC SEAC HSE Subcommittee Update 17:30 Bo Hansen, Committee Chairman, HSE Manager Maersk Drilling Rig Preservation & Reactivation Challenges 17:40 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 Nomination and Election of Officers 18:20 18:30 Networking reception 20:00 Adjournment 4

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 Income Statement for Financial Year 2016 (Jan 1 to Nov 31, 2016) S$ 83,748.07 Opening Bank Balance 29,951.55 Receipt from Membership Fees and Sponsorships -37,065.13 Expenses for Chapter Meetings -11,728.80 Audit and Secretarial Services Fee for FY2013, FY2014 and FY2015 64,905.69 Bank Balance as at 31 November 2016 11

IADC SEAC – Financial Update • 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 on 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 12

Secretary Update Joachim van der Meulen IADC SEA Chapter Secretary Marketing and Sales Manager, Lloyd’s Register 13

Current Members (paid up) 1. Diamond Offshore 16. Shelf Drilling 2. Lloyd's Register 17. Frigstad Offshore 3. UMW Oil & Gas Corporation Berhad 18. All Rig 4. Sapukara Kencana Drilling Pte Ltd 19. Drilling Systems 5. Vantage Drilling 20. Transocean 6. Northern Offshore 21. Compass Offshore 7. MTQ 22. OES Oilfield Services 8. Dynamic Drilling 23. Rigzone 9. Maersk Drilling 24. Pertamina 10. NDIL Malaysia Sdn Bhd 25. PV Drilling 11. KS Drilling 26. (Smit Singapore 2017 onwards) 12. Noble 13. Thermarprime Drilling Corporation 14. Scantech Offshore 15. The Reach Group 14

Way Forward Louay Laham, Chairman-elect 15

Leadership Elections 16