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    With offices in strategic locations, Rig Masters specializes in

    providing Project Management Services, Surveys & Inspections

    for Mobile Offshore Drilling Units, Land Rigs, Liftboats and vessels

    worldwide.

    ProjectandConstructionManagement

    RigSurveysandInspections

    Pre-CommissioningandCommissioningServices

    Experiencedteamwhichbringsestablishedrelationshipandinstantcredibility

    Successfulimplementationofprojectsontimeandwithinbudget

    Providesentireturnkeyspectrumofservicesfornewconstruction,upgrades

    and repairs of Mobile Offshore Drilling Units from concept development

    through completion

    RigMastershasexperienceandexpertiseinallareasof

    Rig Building and Rig Modification and is

    THEFIRSTCHOICEinprovidingconsultancyservicesforRigConstructionand Modifications.

    BEFORE AFTER

    FDVIIFORLYNEMOUTHDRILLINGLTD.

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    CORPORATEPROFILE

    WEOFFERSOLUTIONSFROMCONCEPTTHROUGHCOMPLETION

    Through its professional affiliations and its ever increasing client baseof international contractors, Rig Masters stays current on design,construction and operational requirements.

    WithofficesintheUAE,MalaysiaandSingapore,RigMastersspecializesinturnkeysolutions for new construction, upgrades, repairs and refurbishment of drillingrigs and oilfield service vessels. Rig repairs and refurbishments are Rig Masterscore business and our clients always have our undivided attention. We provide afull spectrum of services from concept development through final design, classapproval, fabrication, logistical support (including procurement and shipping),installation, testing & commissioning and regulatory approvals. We undertakeprojects anywhere in the world.

    RigMastershasawiderangeofexperienceonavarietyofunitdesignsincludingjack-upandsemis,drillingbarges,liftboatsandpostedbarges.WehavedesigneddrillingandrigservicesystemsandinstalledOFE/BFEdrillingequipmentforbothconventionalandcoiledtubingdrillingoperations.Ourstaffhasbroadexperiencein new construction, repairs and in all drilling ystems. This is achieved throughyearsofhandsonoperatingexperienceplusregulatory&statutorycompliance.We assist obtaining and evaluating bids, preparation and negotiation of contracts,equipment specification, selection and procurement, construction planning andall other activities through commissioning and handover.

    Our active involvement in repair projects gives us a unique understanding of thefailuremodesinrigs.Combinedwithourrigoperationsexperience,wedevelop

    ergonomic and maintenance friendly installations and arrangements.

    RigMastershasexpertiseinmostofthemajordisciplinesinhousesupplementedby strategic alliances with internationally recognized consultants thereby offeringacompletepackagetoclients.

    The principal of Rig Masters had 20 years of design and corporate managementexperiencewithLeTourneaupriortoformingRigMastersin1992.Ourstaffallhavewellover10years,andinmanycasesover30years,ofrigrelatedexperiencefromconstruction through operations & engineering and have been involved on newbuild and repair projects around the world.

    RigMastersisexperiencedwithvirtuallyallthejackuprigdesigns,aswellas

    drillshipsand semi-submersiblesand a widevariety of other vessels. Wehaveworkedwithallthemajorclassificationsocieties.TheprincipalofRigMastershasbeen a member of the American Bureau of Shipping MODU committee for welloveradecadeandhasservedonmanyABS,IADCandAPIcommittees.

    Rig Masters handles preparation and submittal of structural calculations, stabilityanalyses and drawings as well as provides the necessary technical liaison with theappropriate authorities for design review and approval.

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    OURMISSIONTheRigMastersmissionistouseourexperience,knowledge and expertise to become the FIRSTCHOICEproviderofthefollowingservicestotheOil&Gasindustry:

    NewConstruction&RefurbishmentProjectManagement

    EngineeringManagement&Solutions

    Project Personnel Solutions

    Shipyard Advisory Services

    Audit and Inspection Services

    Rig Masters acknowledges this can only beachieved by having dedicated teams who are abletointegrateatalllevels,whokeepsafetyasatoppriority,whohavetheexperienceandknowledgein

    their particular field and who can demonstrate valueto the client.

    QUALITY

    STATEMENTRig Masters has developed a series of Managementand Operational procedures to ensure that theCompany business is carried out uniformly inregards to safety, quality and efficiency to obtainbest practice outcomes in the International andDomestic areas of operations. Rig Masters QualitySystem is based on the requirements of InternationalStandards.

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    HEALTH,SAFETY&

    ENVIRONMENTSTATEMENT

    SAFETY

    Rig Masters believes that all injuries and incidents are preventableandwillactivelypromotehighlevelsofsafety-awarenesstoachieve

    this.RigMastersiscommittedtomaintainingsafeworkingpracticestoreducetheriskofinjury;RigMasterswillprovidequalitytrainingand equipment to achieve this. Rig Masters will continuouslyreview safety practices and equipment to ensure improvements aremaintained.

    ENVIRONMENTAL

    Rig Masters will endeavour to ensure that unplanned losses are notincurred from projects that are managed and that all relevant lawsand regulations are complied with to reduce emissions and wastewhich could be detrimental to the environment.

    HEALTH

    Rig Masters seeks to conduct its activities in such a way as toensure that the health of its employees, contractors and third party

    personnel is maintained, the company will continually update andimplement measures to achieve this.

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    CONCEPTIONTOCOMPLETIONSTAGE1Shipyard Selectionand Auditing

    STAGE2ShipyardContract

    Agreement

    STAGE3Plan

    Approval

    Stage 4Shipyard Construction

    Supervision

    These stagesinvolve:

    InitialPhase- Meet with owners todiscuss and agreeowners requirementand performancecriteria.

    Second Phase Technical review ofyards constructionspecification,standards, facilitiesandtrackrecord.

    Third Phase Commercialandtechnical reviewof the tendersreceived.

    FourthPhaseConsultwiththe

    owneronshort-listing the yards.

    Post short listingofyards;RMwillperform detailedauditonkeyaspectsliketechnology,managementexperienceandcapability, qualitycontrol procedures,weather delays andworkingconditions,facilities supportand logistics.

    RM will assist with

    Detailednegotiations withthe short listedyards, participatewith the ownersin yard selection,review and commenton the contract,specification anddrawings.

    Pre-constructionmeeting with yardandownerPMTto:

    Define milestonesin shipyardsproduction program,inspection, andacceptanceprocedures.

    Discuss & agree

    delivery schedule,main suppliers,vendors orsubcontractors.

    Define and agreethe quality assuranceand quality controlrequirements.

    Discuss dates ofattendancefortest/trial.

    Review shipyardschedule and manloading.

    RM will help reviewthe yards detailedspecifications andinitial drawingsto ensure all therequirements oftheOwner,Class,Flagandapplicableregulatory bodies arecomplied with.

    Set up planapprovalteam:

    Structural,NavalArchitect,Mechanical/Marine,Electrical& Instrumentation,Drilling Systems andRegulatory.

    Set up proceduresfor drawing approvaland technical queries.

    Agree on requireddrawings, scheduleand shipbuildingstandards.

    Issue monthlyreport to owner.

    RM will establishwell proven projectprocedures toreinforce teambuilding approachwith the yard.

    Review and monitorall applicable projectspecific proceduresfor all phases offabrication and

    painting, documentcontrol, mechanicalcompletion, testing &commissioning andendurance trials, andpersonnel for eachdiscipline as required.

    Audit proposedsub-contractorsandvendors.

    Monitor andexamineallworkbeing carried out byshipyard and witnesstests, conduct qualityassurance systemaudits.

    Advise shipyard andowner, of any defectsoritemsofnon-compliance.

    Review anyadjustment to thecontract price anddelivery.

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    RigMastersistheFIRSTCHOICEforProjectManagementServices

    No other Project Management Company canoffer so much practical engineering and designexperience.

    With its strong management team and successfultrack record, Rig Masters has the provenexperience to undertake any rig construction orupgrade project anywhere in the world.

    Rig Masters summary, no other company can offerthe same level of comprehensive services fromstart to finish.

    The Rig Masters PM team represents the Rig Owner in the shipyard andformscloseworkingrelationshipswithallpartiesconcerned-Owner,Builder,RegulatoryBodies,VendorsandEquipmentProviders.

    PROJECTMANAGEMENT

    CONSULTANCY

    Rig Masters has an abundance of experiencein rig construction and upgrades. This makesus the FIRST CHOICE for provision of ProjectManagementConsultancyServices.

    Rig Masters fully understands the role of eachStakeholderandwillplanallactivitiestowardsthe

    successful outcome of every project.

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    OTHERSERVICESRig Masters specializes in providing all services related to Design, Construction, Operation orMaintenance for all types of offshore or onshore Drilling Units. In addition to our core businessactivities we have also signed contracts for the following projects.

    ShipyardAdvisory Service

    Regulatory &ClassAdvisors

    Land Rig

    Modifications

    OceanTransportation

    SupportBarges

    Audits andInspections

    We have advised several shipyard ownersworldwide on how best to arrange theirshipyard facilities with a view to construction

    of offshore drilling rigs.

    WearetheRegulatoryandClassadvisorforanOilMajorinitsroleasminoritystakeholderinaCaspianSeaFieldDevelopment.

    In conjunction with the manufacturer, we haveengineered & modified land drilling rig sub-

    structurestoacceptlargersizeBOPstacks.

    Rig Masters has organized several DryOcean Tows of MODU to various shipyardsworldwide.

    Rig Masters has carried out unit conversionsfrom Tender Assist Drilling Barges to WareHouse Barges.

    Our Inspection and Audit services cover alltypes of drilling rig and service vessel, andcan be modified to suit the purpose requiredby the client.

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    Appendices:Key Projects Implemented

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    Appendices:Key Projects Implemented

    Rig/Operator:B312/HighwayInvestmentProcessing Design:KeppleFelsModB

    Project:KeppelBClassrigpurchasedbytheUkrainians.ThelegsandderrickwerepartiallyremovedtoallowtransitunderthebridgesintheBosporusStraights.RigMastersprovidedasiteteamtomonitortheactivitiesontheKFELSprovidedconstruction

    teamtoreinstallthelegsandderrick.

    Rig/Operator:Various

    Project:MaritimeIndustrialServices,Ltd,Sharjah,UAE,signedacontracttobuildtwoF&GSuperM2drillingrigsMISfirstventureintonew build rigs. RigMasters providesproject, technical andconstructionexperienceto theyard. Wereviewedand modified the construction specifications, defined equipment requirements, and assisted the yard in developing all of thedrilling and service systems, the build strategy and plan, testing and commissioning procedures, etc. We are also involved inprocurement activities.

    Rig/Operator:FDLynemouthDrillingLtd

    Project:FDVII,theex-GSFAdriaticVII,wasseverelydamagedduringHurricaneRita.Theleg,drillfloorandhelideckwerelost.Thejackingsystemwassoseverelydamageditwasreplaced.RigMastersisprovidingtheprojectmanagementteamoftherepair and upgrade of this rig. This includes all of the technical support plus procurement of the new drilling equipment.

    Rig/Operator:Gulf3/GulfDrillingInternational

    Project:GulfDrillingconvertedGulf3,a1977builtLeTourneauslotrigbeingusedasaMobileOffshoreProductionUnittoacantileverjackupdrillingrig.AsaMOPU,allofthedrillingequipmenthadbeenremovedandthemachineryspacesmodified.Rig Masters provided a 8 person project team for this project. We reviewed all of the engineering and construction drawings,developed drilling systems, specified and helped source equipment, advised on regulatory compliance everything from startthrough final commissioning.

    Rig/Operator:AD22/ArabianDrillingCompany

    Project:AD22waspurchasedbyADC.Priortothepurchase,therighadbeenwarmstacked.RigMasterswasprojectmanagerforthereactivationinDubaiDry-docks.Theoverallscopeofworkincludedacompleteinspectionoftherighull,legs,shipsservice and drilling systems. In addition to hull repairs, all major equipment was removed, overhauled, reinstated and commis-sioned.Thehighpressuremudandcementpipingsystemswerecompletelyreplaced.Theaccommodationblockwaspartiallyrenewed. The project was completed within the estimated time frame and below the original budget.

    Rig/Operator:BIMA/SchlumbergerIPM

    Project:Bimaisa4leggedMultiPurposeServiceVesseldesignedforoperationsinSEAsia.After4yearsinservice,cracksin the legs were discovered necessitating return of the rig to the building yard in Singapore. Rig Masters was the project andtechnical manager for the leg repairs plus rig modifications. We supervised a detailed failure analysis to determine the cause oftheweldfailures.Wealsodirectedanextensivefracturemechanicsassessmenttojustifyrepairofonlyabout50%ofthedefectswhile the rig continued drilling operations with no shutdown. Bima is still in service.

    Rig/Operator:PRIDEMONTANA/PrideInternational

    Project:Installationofthreelegsections,approximately67ft.longeach.Duetocranelimitsintheshipyard,wefirstcuttheexistingsectionsintwopiecesresultingin6sectionsoflegtobeerected.Wefabricatedandinstalledtheskidframesfortheleginstallationandthenerectedthe6legsectionsperleg.Theprojectwascompletedaheadofscheduleandwithoutarepair

    in over 200 high strength welds.

    Rig/Operator:DEEPWATERNAUTILUS/R&BFalcon

    Project: Generalsupport forcompletionand repair activitiesprior tothe first drillinglocationincluding installationof a4thNational14P220includingtheinterconnectingpiping.

    Design:Friede&Goldman

    Design:LeTourneau116C

    Design:LeTourneau

    Design:BakerMarine

    Design:MSC

    Design:Hitachi

    Design:5thGenerationSemi-submersible

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    TRACEInternationalInc.(TRACE)hassuccessfullycompletedaTRACEStandard due diligence review of Rig Masters FZC. TRACE grantedRigMastersFZCacertificateofmembershipsignifyingthecompanyscommitment to transparency in international commercial transactions.

    Formoreinformationonmajorprojectslogontowww.rigmasters.com

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    7,AnnSiangHill#02-00,Singapore069791

    Tel: +65-62211641Fax: +65-62211329

    Email: [email protected]