What's GOing On - July 2015 by Go Marine Group

WHAT’S GOing ON? JULY 2015 1

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CONTENTS BEHIND THE CEO’S DESK 3 INTRODUCING MR. MICHAEL SEE, CEO OTTO MARINE GROUP 4 OFFSHORE OIL AND GAS INDUSTRY OUTLOOK 5 COMMERCIAL NEWS 6 GO WELCOMES SEA TRIUMPH AND SEA TORTUGA TO AUSTRALIA 7 FULL STEAM AHEAD FOR FLOATEL ENDURANCE 8 ENTERPRISE AGREEMENT NEGOTIATIONS UPDATE 9 THE GO FILES 10 CREWING AND SHARED SERVICES UPDATE 11 FLEET UPDATE 12 SINGAPORE ON THE MOVE 13 SAFETY FOCUS 14 NEW HSE INITIATIVE 16 PAYROLL 16 SEA ASIA 2015 17 GO EMERALD 18 THE LOW DOWN ON THE GO PHOENIX 20 GO INSHORE UPDATE 22 GO SEAENERGY 23 TRAINING UPDATE 24

BEHIND THE CEO’S DESK With utmost delight, I am writing to you as the Chief Executive Officer of the GO MARINE GROUP. It is such a pleasure to be back sitting in the front seat of the Group and I am looking forward to working closely with you all again. After spending two years in Singapore as the CEO of the Otto Marine Group (OMG), I have relegated my duties to my fellow Executive Director Mr. Michael See. This transition came at an opportune time allowing me to primarily focus on the current challenges faced throughout the industry whilst boosting the Group’s shipping and chartering division, which generates 85% of the OMG’s overall revenue. I personally wish Michael, as the new CEO of OMG and my fellow Directors, all the success as the Otto Group works vigorously towards realising its continued strategy of strengthening the Group’s financials to build a strong and sustainable future for the entire Group. Coincidentally, the timing of Ian Del Rosso’s departure to pursue long deferred personal endeavours paved the way for me to resume my post as the CEO of GO. On behalf of all the staff, and from me personally, a big thank you to Ian for his support and commitment in seeing GO MARINE shine through the dark days of the oil and gas downturn and for his tireless contributions to GO during his tenure.

WE ALL NEED TO PUT SAFETY FIRST AND FOREMOST AND TAKE EXTRA CARE AND BE VIGILANT IN EVERYTHING WE DO Safety For the first order of business it is of great concern to me, and it should be to all of you, that the number of medical treatment cases onboard our vessels globally has recently increased. Most of these medical treatment cases are minor in nature, however, it is a strong reminder that we all need to put safety first and foremost and take extra care and be vigilant in everything we do. The HSE team will be carrying out a number of initiatives to remind everyone of the risks we face offshore every day and the duty of care required to protect the welfare of others as well as ourselves. I truly hope that together we can stem the recent track record and drive positive change over the coming months. Strategy From the pointy end, GO MARINE GROUP’s primary strategy of strengthening our profitability remains our focus. We will continue to build the company by replacing chartered in tonnage with our own tonnage and by offering excellent service coupled with continuous performance. By working together, the journey we started 7 years ago to become the preferred provider of choice is well within our grasp. With falling oil prices and uncertain growth in our market sector globally, many of our competitors are laying up vessels as the

industry looks at ways to lower costs and improve efficiencies along the entire supply chain. Vessel owners are being asked to renegotiate terms and cut costs in excess of 20%. As a result of these cuts, vessels rates are heading south and profit margins are becoming extremely lean. GO is not immune to current financial hardships, and as a result we have had to make some tough decisions. These decisions have resulted in us laying off a number of staff and reducing wages and overhead costs. As part of this ongoing process, we will continue to analyse our business model and introduce change as needed. While some of these changes may be unwelcomed, such changes are necessary for us to remain competitive on a local, international and global scale, and I assure you that none of the changes will compromise on safety, performance or our integrity. Going forward, GO has a strong order book in excess of 200 million, but of course like any business we need to return a profit and in today’s environment cost reductions are a reality for a sustainable business, which results in job security for us all. International Last year we embarked on a new build schedule that is progressing as planned. Combined with the final stages of commissioning the last of the CD 491 class vessels, the technical Department has a very busy and demanding work schedule. Your tireless efforts don’t go unnoticed and are very much appreciated. I mentioned in an earlier version of the newsletter that we were expanding our global footprint and we have followed through with this strategy but it has not been without challenges. One of the biggest challenges is working in Africa and all that this entails. We have made good progress and shortly we will see the Surf Supporter joining our fleet in this region on a long-term contract with Exxon Mobil carrying out diving and ROV/IMR work. The GO Gliese also finally went on hire at the end March supporting Modec FPSO operations. Rennie and Kay in the Aberdeen office have worked tirelessly to get the GO Pegasus crewed and ready for a charter commencing on the 20th of May supporting Deep Ocean/ Prismian. This will be one of the largest Cable Lay/ trenching jobs in UK history and will keep the Pegasus busy working for the next two years. Trends/Future of the industry One interesting analogy presented recently at a conference I attended was the shift in the percentage of the world’s middle class to SE Asia over the next 15 years. Today, 2/3rds of the world’s middle class live in Europe and 1/3rd in SE Asia, however, by the year 2030 it is predicted that this will shift with 2/3rds of the world’s middle class living in SE Asia. This alone will continue to drive strong demand for oil and gas as many move away from traditional coal power to cleaner gas power. I don’t have a crystal ball (I wish I did) so it’s very difficult for me to give you a prediction when the economic climate will improve or when oil prices will again hit US 100 a barrel, but I do believe that the fundamentals that drive our industry are still there and when the tides turn, GO will be front and centre to ride the next wave. So stay safe and remember that every day we are striving for the security and wellbeing of all we support. I continue to be proud of the brand we have developed, the people we have working for us and I am excited about the future. Garrick Stanley CEO, GO MARINE GROUP

Introducing Mr. Michael See, CEO Otto Marine Group Dear Colleagues, First of all, I would like to express my appreciation to those who have contributed and committed themselves to the Group for all these years. I thank you, the Board of Directors, for my appointment as the Group CEO of the Otto Marine Group and for their recognition and continued encouragement. I feel privileged to be entrusted with such responsibility and I am especially grateful to Mr. Garrick Stanley for his dedication and the many accomplishments made during his tenure as Group CEO and for his continued support today. Under the leadership of Garrick, and with the support of the dedicated teams across the Group and everyone’s continual efforts, Otto has transitioned into an international offshore vessel operator. Garrick will continue to serve as Executive Director on the Otto Marine Board whereby he will serve as President, Shipping and Offshore Chartering for Otto Marine Group and CEO of GO. By way of introduction to those who I have not had the privilege to meet personally, I joined Otto Marine Group is 2007 as Chief Financial Officer (CFO), and was promoted as the Group CFO and Executive Vice President in 2012.

In early 2013, I was promoted as Executive Director and Group CFO. Early last year, the Board honored me with a promotion to Group Executive Director, a position I will continue to hold in addition to that of the Group CEO. My vision for the Company is not that dissimilar to Garrick. In fact, Garrick previously carved the direction and I will continue with the path. Despite the challenges presented by current market volatility and oil price instability, I remain optimistic for the future of the Group and have great confidence that in implementing our strategic plans the Group will remain sustainable and continue to grow and prosper. The extensive knowledge base, deep-rooted professionalism and unwavering commitment from our highly qualified and diverse employees is at the core of our success. To each and every one of you that have helped make the Company what it is today, thank you. As we continue the journey, each new day offers a chance for us to work together, pursue new opportunities and improve Client satisfaction. Despite the challenges we may face, crucial to our ongoing success is the Group’s ability to deliver not only a service of the highest quality, but also a service where safety comes first. Michael See GROUP CEO , OTTO MARINE GROUP

OFFSHORE OIL AND GAS INDUSTRY OUTLOOK Over the past decade the Australian offshore oil and gas sector has seen a significant surge in exploration and investment activity, which has largely been driven by an increased demand for energy, particularly in Asia. In more recent times, the sector has had to come to terms with more challenging market conditions, which to a large degree are influenced by the rapid drop in oil prices. Twelve months ago Crude Brent oil prices were trading north of US$100/bbl. Six months later in January of 2015 prices significantly deteriorated to below US$50/bbl with some marginal recovery in price to US$63/bbl over the past few months. Over the next 5 years, industry forecasts suggest that the compound annual volume growth rate of Australia’s oil exports will increase marginally along with marginal increases in world oil production and consumption. From a price perspective, it is anticipated that crude oil prices will remain suppressed but stabilised over this period, but will not recover to the levels achieved a year ago. The forecast for LNG is more bearish. By 2020, it is forecast that Australia will be the world’s largest exporter of LNG. By 2019-2020 forecasts suggest that the volume of Australian LNG exports will be more than triple the volume Australia exported in 2013-14. Despite this, given that Australian LNG exports are intrinsically linked to the oil price, a suppressed but stabilised price forecast remains.

According to the Office of the Chief Economist major projects listing, in the past 24 months, 13 LNG oil and gas projects valued more than $11billion have been removed from the investment pipeline. While some of these projects have positively moved from construction into production, other projects have been removed from the pipeline altogether. Of concern is that an increasing number of projects have been abandoned earlier on in the investment decision-making process. That being the case, it is becoming more apparent that the value of committed LNG, oil and gas projects in Australia will not be renewed by a new wave of LNG, oil and gas investments. With global capital never being so mobile, the world’s resource nations are locked in a fierce competition for further project investment. For Australia to remain an LNG and oil exporter of choice to our key trading partners, most oil and gas companies recognise the need to take steps to implement a more competitive cost-base to protect margins and ensure continued profitability. Despite what some may consider to be a bleak outlook, GO is working hard to ensure that it wins tenders and is able to secure a steady pipeline of work in Australia and around the world. Wesley van der Spuy

Commercial News The first half of 2015 has been a busy period for the GO OFFSHORE commercial team. While GO has taken redelivery of a number of vessels on long-term contracts, we have also mobilised a number of vessels for new charters, with some of these vessels being engaged on short-term charters in an effort to maintain utilisation. Like all of our competitors in the offshore market, the dramatic drop in oil prices has taken a toll on achievable day rates. This has not excluded the current long-term charter hire rates, which have been renegotiated in some form. Despite some hope that a strengthening of the USD would assist in stabilising Australian day rates, this has not occurred. In an effort to combat the reduced day rates and utilisation, GO have made a concerted effort to redeliver vessels back to their Owners on completion of contract and/or renegotiate more favourable day rates thereby reducing their daily exposure. The GO CAPELLA completed successful campaigns in the Bass Strait after which we mobilised the vessel to the North West and secured a suitable mooring allowing GO to down man, providing a cost effective spot prompt solution to the industry. Earlier in the year the UOS ENDEAVOUR completed a long term contract in support of the Atwood Falcon. The vessel was dry docked in Singapore and has since returned to Australia under our JV partnership and will be supporting the Ocean America drilling campaign for Apache. In January, the large PSV Sea Frost was redelivered to the Owners. GO was successful in negotiating a long-term bareboat charter for the Sea Tortuga and Sea Triumph in support of the hookup and commissioning scope of work on Wheatstone. Both PSVs arrived in Australia in April and are expected to remain on the Project until the end of 2016. After six years of bareboat, in March GO redelivered the Toisa Solitaire to Owners in Singapore. The Toisa Sonata continues to provide supply duties to Daewoo in Myanmar and we expect this will continue through to October this year. The GO PHOENIX continues to survey the seabed in the search for missing flight MH370 and is expected to demobilise in Singapore in July whilst the GO PEGASUS has commenced her term charter in the North Sea with DeepOcean UK performing trenching operations. The GO EXPLORER has just completed a charter in Malaysia supporting diving operations and will be docked in Singapore on 19 June in preparation for her return for the second survey campaign to the Ichthys LNG project carrying out the as laid survey for the gas export pipe line.

Following an extensive mobilisation programme and installation of additional accommodation in West Africa, in April the GO GILESE commenced her term employment with Modec International. The DPI AHTS GO ACAMAR is performing shallow water survey offshore the Congo, which has its challenges with strong currents and marginal deviation on heading whilst in a lightship condition. LCT GO LESATH was redelivered from Chevron in January and is now on long term charter to LD Marine providing sea transportation for the cattle trade and supplies between the Tasmanian Islands and the mainland. To service the Port of Port Hedland contract we have secured a new 18M Pilot vessel the “Akuna” of Hart Marine build and design. The vessel is due to be delivered to Port Hedland at the beginning of August and will become the primary Pilot vessel. The commercial department continues to tender for work and actively market our vessels globally. Although current market conditions are tight, the light is still shining albeit a little dimmer for now.er

GO WELCOMES SEA TRIUMPH AND SEA TORTUGA TO AUSTRALIA Early this year GO Offshore was fortunate enough to secure long-term contracts for the provision of two PSVs to Chevron Australia on the Wheatstone Project. This contract attracted much interest across the industry especially considering the contract term in the current market. With a great deal of hard work across the organisation, GO Offshore was thrilled to be awarded the contract, putting the business in a positive position in the region.

recently finished work with us, and we look forward to continued cooperation between the parties.

The Sea Tortuga and Sea Triumph were bareboat chartered from Deep Sea Supply in April, while going on hire with Chevron at the same time. Both vessels are around 12 months old and prior to coming to Australia completed work in other markets. GO have had a relationship with Deep Sea Supply for some time, with Sea Frost having

The contract allows GO Offshore to continue building on its relationship with Chevron with a view to becoming one of Chevron’s valued contractors locally and around the world.

The vessels are contracted for a firm 18 month period with options to provide supply and support duties for the Wheatstone platform during commissioning and initial start-up phases of the operation. The platform will extract gas from the field and send this to the processing facilities at Ashburton North near Onslow.

Jeff Knight

FLOATEL ENDURANCE ARRIVES IN AUSTRALIA

ENTERPRISE AGREEMENT NEGOTIATIONS UPDATE Inshore bargaining

It has been nearly 12 months since GO successfully won the manning contract for the Accommodation Support Vessel (ASV), Floatel Endurance, which is currently engaged on the Wheatstone Project. Since then, over 80 personnel have been recruited and trained for the ASV, which has been both challenging and rewarding. In January 2015, GO successfully began mobilising crew to the impressive new build. The Floatel Endurance was completed at the Keppel FELS shipyard, Singapore and handed over to our Client, Floatel Australia, in April. The ASV can accommodate up to 440 persons in single cabins, all with daylight exposure and some with sea views, and boasts a fully equipped hospital, three gymnasiums, two saunas, client offices, comfortable quiet reading rooms, spacious recreation areas, massage chairs and its very own cinema! In addition to the maritime crew positions, GO is also supplying administrators, storekeepers, maintenance and accommodation technicians, safety officers, medics and doctors. The Project has offered opportunity for crew to undertake unique training courses including Marine

Aluminium Gangway Operator Training, which took place in Norway, Singapore and Dubai, and Freefall Lifeboat Operator training here in Perth. On April 27 this year the ASV arrived on site at Wheatstone. Shortly after arrival the ASV was connected to the Wheatstone Platform via its 38.5 meter telescopic gangway bridge and from then on, the POB quickly rose and is nearing capacity today. Both the team onboard and onshore have worked tirelessly with a shared goal of seeing the vessel fulfil its obligations and contribute to the overall success of the Project. Client feedback has been positive and welcoming on all fronts and we thank all the crew for making us proud. Floatel have operations in the North Sea, Brazil, Gulf of Mexico, Norway and now Australia. Whilst this is Floatel’s first presence in the Australian market, they intend to bring down a second new build, Floatel Triumph, in 2016.

With the expiry of the GO Inshore Port Hedland Enterprise Agreement on 30 June 2015, GO Inshore held its first bargaining meeting in Port Hedland in May this year. Since then, two further bargaining meetings have been held in Perth between GO Inshore and the employee bargaining representatives.

Robust negotiations have taken place over the past two and a half years between AMMA and each of the three Maritime Unions with the Fair Work Commission and Federal Circuit Court becoming involved along the way with matters concerning some of the vessel operator bargaining group.

Following the mutual exchange of each party’s log of claims, the bargaining representatives are now working through a proposed draft agreement. With further bargaining meetings scheduled for July, GO Inshore is hopeful that it will be able to land an agreement that satisfies the Company, its inshore clients and employees in the near future.

The negotiations have also involved some protected industrial action. The employees of Tidewater Marine took part in a one-day stoppage of work on 16 June 2014, as did the employees of Farstad Shipping on 18 November 2015.

In what is proving to be a challenging and competitive inshore vessels market, GO Inshore will continue working with the bargaining representatives to implement a sustainable and profitable inshore business model that meets the needs of the company both now and in the future, and secures future work for its inshore employees. Offshore bargaining

Since around November 2014, the industry negotiations with the Maritime Unions have slowed, however, it is anticipated that negotiations will pick up and gain momentum in the ensuing months. GO Offshore is hopeful that it will be able to reach an agreement with the Maritime Unions this year and remains committed towards engaging positively in the bargaining process with a view to reaching a sustainable outcome that benefits both the company and its employees.

The Offshore Oil and Gas Enterprise Agreements that cover GO Offshore’s Officers, Engineers and Integrated Rating employees expired on 31 July 2013. Since the beginning of 2013, GO, along with some 20 other vessel operator companies, has been engaged in bargaining with each of the three Maritime Unions for replacement agreements, which together cover around 2500 seafarers. GO’s bargaining representative has represented GO in over 100 bargaining meetings with the MUA alone and the vessel operator group generally has participated in over 40 conferences before the Fair Work Commission with the same union.

Gangway Training – Norway

Currently, 19 of the vessel operator companies are represented by AMMA as a collective group, with one vessel operator company having put together its own bargaining team while still remaining engaged with AMMA and the broader vessel operator bargaining group.

GO the

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Full Name Anthony Bowler Position in GO MARINE Second Officer

HOW LONG HAVE YOU BEEN WORKING FOR GO MARINE: 5 years. WHAT VESSEL AND CONTRACT ARE YOU CURRENTLY INVOLVED WITH: Currently on the GO Spica and working with Atwood Eagle for Woodside. HOW LONG HAVE YOU BEEN IN THE MARINE INDUSTRY : 15 years. WHAT STATE/CITY DO YOU CALL HOME: Tamborine, Mountain in Queensland.

WHAT MADE YOU DECIDE TO GET INTO THE MARINE INDU STRY: It goes back 7 generations in my family so the idea was alway s there, plus I’ve loved sailing since I was very young.

DO YOU HAVE A FAVOURITE VESSEL AND WHY IS IT YOUR FAVOURITE: The Endeavour, I was there for 3 years so that gave me good chance to learn a lot about the vessel. WHAT HAS BEEN THE HIGHLIGHT IN YOUR CAREER: Learning ship handling, every opportunity to drive I find myse lf learning something new, it would be the most fun part of my job, I find it very challenging and rewarding. WHAT DO YOU LIKE TO GET UP TO ON YOUR SWING OFF WORK: After 5 weeks at sea, I really love being surrounded by trees and mountains. I love gardening; I’m constantly trying to learn more about permacult ure and how to best live in a way that is friendly to our environment and wildli fe. I spend most of my free time building things from recycled timber and other salvaged materials, or just pottering around my property on Tamborine Mountain. WHAT’S YOUR FAVOURITE CUISINE / MEAL: Chicken Korma, Yum! DO YOU LIKE TO TRAVEL AND WHERE IS YOUR FAVOURIT E PLACE TO GO: Yes, I love to travel. Choosing just one favourite is hard... I Love Africa! I love the vast stunning landscapes and the incredible variety of animals. Africa just struck a chord with me. I’ve also spent some time in Kenya and Tanza nia and I hope to get back one day soon to see more countries. 10

Crewing and Shared Services Update Even though the industry seems to have taken a down turn we have been quite busy in Crewing over the last couple of months as we have had vessels mobilising, others leaving, and we have been managing short-term mobilisation and demobilisations. Thanks to everyone who has jumped at short notice when we have rung for a short notice mobilisation, this is really appreciated!!! We now have the two new PSV’s, the Sea Tortuga and the Sea Triumph, working for Chevron fully crewed and on long-term contracts and the UOS Endeavour back on the coast working for Apache again. We are also in the process of planning to man up the GO Explorer for when she returns for the second campaign of the Saipem contract, which should start in July. In this time we have had to say goodbye to the Sea Frost, GO Lesath, GO Polaris, Surf Supporter, and the Toisa Solitaire/Sonata, most of which have headed over the horizon to different pastures. You may have seen the adverts on TV as Virgin Australia are now offering fully catered domestic and international flights with entertainment in every seat. As Qantas have recently changed their booking rules you may find that you may now be flying Virgin to/from the vessel. If you haven’t already, organise a Virgin Frequent Flyer number, send this through, and we will add this to our system and make sure our travel agent uses this when booking your flights. We have also been looking at a few more hotel options in Perth that we are hoping to organise deals with. In the past you would usually be staying at the Crown Promenade, however, you may now be booked into a hotel in Perth city. I believe the Four Points by Sheraton and the Ambassador have recently been renovated so we are using these hotels on a regular basis now. A quick reminder, as I believe some of you still don’t know, there is a second tab on the expense claim form that needs to be filled in and sent with your expenses if you are claiming mileage. The second tab is pretty self-explanatory but make sure you then write the mileage on the front page under ‘Travel expenses’ as well. The mileage rate you can all claim is 75c. If you don’t fill in the second tab with your expenses we are going to start sending expense claims back to you to fill in the second page. At the same time we are reviewing the expense form to make it at least looks less complicated!!! Also, a quick side note on expenses, if you are claiming for a taxi fare which you have paid for in cash make sure you get a receipt that looks like a credit card receipt. Hand written receipts will no longer be accepted. If you are working on a vessel out of Dampier we are no-longer using Pilbara Transit to organise taxis into town. GO will reimburse one return trip per swing and this will need to be arranged and agreed with the Master.

As always if you have any colleagues that are looking for work please ask them to send their resumes through to employment@gomarinegroup.com.au or either of the lovely crewing ladies as we are quite often looking for new people. EMMA Since the last edition of ‘What’s GOing On’, we have farewelled Anne Keenan, Crewing Manager, Cynthia Ingram-Ramm, Senior Crewing Officer and Julie Devenish, Payroll Officer. There are no plans to replace any of these positions in the short or medium term. With the departure of certain positions, Lyndsay Sheehan has taken on a more diverse role within the Shared Services Department and will be the focal point for upskill training, recruitment, rig moves, injury management and payroll support. For such a diverse role, Lyndsay’s title has changed to HR Generalist. Caitlin Tye, whom many of you may have spoken to with on the Reception desk, has also been promoted and will now assist Lyndsay and the broader crewing and Shared Services Team. Congratulations to you both. Aoife and Emma continue to be the back bone of the Crewing Department, however, this will not be for too much longer as Emma is due to give birth to twins in the coming weeks and will proceed on maternity leave. During Emma’s time away, we have engaged a new crewing officer, Shae. Shae will start with GO at the end of June and take over the vessels looked after by Emma. Please join me in making Shae feel welcome and part of the GO team and congratulating Emma on what will be a life changing event. Lee Seubert and myself will continue to work in unison to manage the Crewing requirements for the Group so if you do have any concerns please don’t hesitate to call or email either or both of us. KAREN

Fleet Update Since our last newsletter, there have been quite a few changes to fleet charters and locations. The Sea Frost departed our coast last year after a successful 12 month charter to Apache. The Sea Frost provided first class supply duties to the Atwood Eagle and Atwood Falcon with high commendations from Apache. The UOS Endeavour sailed over the horizon to have her well deserved 5-year special surveys and dry docking. After 981 days on the coast, the UOS Endeavour has since returned looking spectacular and is now back working for Quadrant Energy (Ex Apache) providing support duties for Ocean America with the already successful deployment of pre-lay anchors for the Ocean Monarch. The Toisa Solitaire was returned to its owners after completing a full 2589 days (7 years, 1 month and 4 days) charter with GO OFFSHORE Pty Ltd since her arrival as a new build vessel to carry out pipehaul duties for the Pluto Project. The Toisa Solitaire was a true workhorse that succeeded on any project she was on. This can be attributed to the professionalism of the numerous crew who were able to sail onboard her. The GO LESATH has departed to go to a new home in Tasmania after her charter to CVX, where she provided cargo transfers to Barrow Island for the Gorgon Project over a period of 2 years, ended. Many thanks go to the crew who were awarded by CVX on numerous occasions because of her successful operations. Since the arrival of the Surf Supporter in November 2014, she completed a charter in Bass Strait for FTSM where she then returned to Batam to complete some required upgrades and modifications. She has since arrived in Cape Town where she will go into a two year charter working

for end client Exxon as an ROV survey vessel for fields in Nigeria. The management of the Surf Supporter will be carried out by our UK Office, GO SeaEnergy. The GO EXPLORER completed the first phase of conducting ROV survey of the Ichthys shallow water pipeline and is due to return from early July to conduct deep water and as laid surveys for the pipeline layed by Castorone. The GO SPICA has arrived for a long-term contract with Woodside that will involve providing support and supply duties for Atwood Eagle, Atwood Falcon and Ocean America. Remaining on the coast is the always successful GO SIRIUS, which since her arrival in Dampier on 27 July 2012, has carried out numerous duties for various charterers, all to above expectations. Subject to market conditions, we plan to have her remain on the coast and continue her success story. We welcome two new additions to the GO Fleet, being the Sea Triumph and Sea Tortuga. Both are STX05 PSV’s and they will be providing standby support duties for the Wheatstone Platform and the ASV Floatel Endurance. The vessels will be on the coast for a couple of years and are supported by the GO EMERALD conducting oil response duties in the field. As you can see, there are numerous GO vessels working throughout the world and especially on the Australian Coast, which demonstrates the success of the crews working on board. I personally would like to thank each and every one of you. With this continued effort by all, we will continue to see the three dots on the side of many more vessels. Until the next addition, stay safe and stay tuned. Lee Seubert

Singapore on the Move During April this year, GO OFFSHORE (Asia) staff bid farewell to our office in OUE Downtown two building and relocated back into our parent company’s premises, in Suntec Tower Two. It was a difficult task given the short time frame, but as a team what seemed impossible was achieved with a lot of hard work and commitment. Now we are fully operational in our new lodgings and its business as usual. April was indeed a busy month with not only the office move but our attendance and preparations for the 4-day SEA Asia Exhibition held at Marina Bay Sands Singapore, from 21st -23rd April 2015. All GO OFFSHORE (Asia) office staff, from senior management to support staff, participated in this important event and worked tirelessly to promote our organization, as well as the vessels we manage. Despite the challenging market situation, we have secured the following charters: The GO Gliese went on-hire to MODEC Ivory Coast, on 20th April 2015; for a firm 365 day period with options. She is currently providing accommodation support to (turretmoored) FPSO Baobab, working 20Nm offshore Abidjan and in water depths of 800mtrs. The GO Regulus (fka Redfish 3) recently completed a spot charter with Foxtrot from end of March 2015 through to mid April 2015. During this charter the vessel carried out supply duties to DSV Remas, off the coast of Abidjan, Ivory Coast. The vessel recently underwent a name change, and will henceforth be known as GO Regulus. She is presently at Carena Shipyard at Abidjan, where she is going through necessary technical works to prepare her for future jobs in the West African region.

Our deep sea series vessel, the GO Antares, has also just completed towing ENSCO 67 rig from Jakarta to Pasir Gudang and is currently at PT Batamec, awaiting further prospects. Commencing at the end of June 2015, the SOC Endeavour is mobilising at Hamriyah, UAE. She is scheduled for a prompt departure to arrive Doha, Qatar in order to resume her charter with Hyundai Heavy Industries/RasGas for an approximatly 100 days. Vessel is fitted with Ampelmann heave-compensation gangway to support charterer’s scope of work. The GO Hawk and GO Harrier are undergoing client inspections for an up and coming tow job from Singapore. If the vessels are accepted the charter period is 30 days firm plus options. The Seasafe Salvo, arrived at our very own PT Batamec Shipyard, on 29th May 2015. Vessel sailed from Pointe Noire, Congo and made a pit-stop at Cape Town, South Africa to extend her class survey. The vessel is presently undergoing her 5-year special survey docking and we expect her to be ready for further opportunities in July. Having completed her docking recently at JSML Shipyard Singapore, the GO Avior is ready for charter. There are a few commercial interests on this vessel, with prospects in Indonesian & Myanmar waters. Last but not least, the GO Rigel. The vessel has been faithfully servicing her end-client, Premier Oil for some time now. She has been operating offshore Matak, providing AHTS duties to West Lobe Platform. Before signing off from Singapore, we would like to extend our appreciation to each and every one of our employees for their contribution in ensuring the safe and efficient vessel operations as well as for their cooperation and loyalty during these difficult times. Until next time continue with the good work and safe travels... Raj Munusamy OPERATIONS MANAGER

Safety Focus Q2 2015: Stop Work Authority

Stop Work Authority Stop Work Authority establishes the ‘authority and obligation’ of any individual, to suspend a single work task or group operation when the control of HSE risk is not clearly established or understood. In general terms, the Stop Work Authority must be used in good faith where there is a reasonable belief that a condition exists, or could exist, that it is unsafe, or there is a possibility of a negative impact to the environment. Endorsed by the Top Management of The GO Marine Group, utilisation of the Stop Work Authority can be done with the expectation it is without the threat of reprisal. There is no job so urgent that that the time cannot be taken to conduct it safely.

Step by Step Guide

STOP WORK AUTHORITY

At GO MARINE GROUP we believe a perfect day is one where no one gets hurt and there is no negative impact to the environment due to our operations. There is no job so urgent that the time cannot be taken to conduct it safely. All employees, contractors and visitors have the right and obligation to STOP THE JOB if any condition is unsafe to personnel or the environment. Operations can only resume once conditions are made safe.

3. 4.

6. 7.

Garrick Stanley

Jeff Knight

Morten Anderson

Chief Executive Officer

General Manager Operations

General Manager GO ASIA 8.

Karen Clark

Mark O’Brien

General Manager Shared Services

Group Financial Controller

Before commencing work, each crew member will be provided with induction training which covers the component of Stop Work Authority. When a hazard is observed by any personnel on-board the ship (i.e. crew, contractors, special personnel and visitors) that does not comply with the GO HOME SAFE RULES or could lead to an incident or injury, then that person has the authority to STOP THE WORK and report it to the Master. When an unsafe condition is identified, coordinated steps will be taken to ensure all affected personnel are notifies and the issue corrected in a positive manner with reference to the Stop Work Authority. Stop Work Intervention that identifies potential risk / hazards if the job was to continue should be recorded as a Hazard Observation. Immediate corrective action and implementation of control measures should be taken to mitigate the potential risk / hazard. Stop Work Intervention taken as a result of an event that has occurred during the work activity and escalated without consideration and further implementation of control measures should be recorded as a near miss. Full support from the highest level of management will be given where any employee issues a Stop Work Intervention. There will be no disciplinary actions or reprimand for any Stop Work Intervention. When an unsafe condition is identified, a Stop Work shall be initiated in a positive manner. The process shall be:  Coordinate the Stop Work through the person in charge of the work  All affected personnel are to be advised of the Stop Work  Correct the issue before work is resumed  Record the Stop Work in AMOS QMS, tracked via HAZOB / Near-Miss Stop Work actions shall be reviewed by Management to identify trends, lessons learnt, participation and any areas for improvement.

Remember: A perfect day is one where no one gets hurt and there is no negative impact to the environment due to our operations

HAHA

New HSE Initiative NEW HSE INITIATIVE

5 Years LTI Free

The HSE Department has commenced issuing an end of month report to all vessels. This report is a new initiative to open the lines of communication between you, our Seafarers, and the HSEQ Team. Open, clear and continuous communications are of utmost importance in our endeavour to ensure a Perfect Day every day.

The HSE TEAM are very excited to announce that on the 25 May GO’s Australian Operations reached the remarkable achievement of 5 Years Lost Time Injury Free (LTI). Given the challenging environments in which our vessels operate this is a tremendous achievement that our hardworking and dedicated workforce should be proud of. This is a reflection of the commitment you give to achieving HSE excellence. Let’s strive to keep this momentum going by continuously looking for ways to do things safely so that each and every one of us to GO HOME SAFE.

We welcome feedback on the layout and contents of the report. If there are things you would like to see included, or something changed, please let us know so we can take this into consideration when developing the report.

we provide online access via the ADP Employee/Manager Online (EMO) system. Access is available via the ADP site at https://secure. adppayroll.com.au/index.php or the payroll link at the top of the GO Marine Group website gomarinegroup.com.au. Payment Summaries Another financial year has rolled around and we are busy closing out the end of year reporting. Payment Summaries will be available online to all current employees via their “ADP Secure Client Login” during the first week of July. They are located under the “Payment Summaries” menu item. Copies will also be posted out to all current and past employees. It is also a good time to remind you to notify payroll if your contact details change even if you are no longer working for GO. Important information such as Payment Summaries and superannuation correspondence are issued to the address that we have in our system. Resetting Your ADP Password Did you know you can reset your own ADP Employer/ Manager Online (EMO) password? It is as easy as answering a number of secret questions. To set up this feature, once you have logged on, select the “Change Password” option from the menu, select the “Secret Questions” tab and enter your secret questions and answers. Accessing Payslips via ADP Employee/Manager Online In order to comply with EBA conditions, and to give our crew immediate access to their payslips whilst on swing,

The Client ID for all GO Offshore Marine Crew is SP57851. The Client ID for all GO Offshore Corporate Staff is SP58121. For all new employees, ADP will post details of your User ID and password to your postal address once your first pay has been processed. Should you need to access your payslips prior to receiving this information you can contact the Pay Office via email at payroll@gomarinegroup.com. au and we’ll reply with your User ID and a new password. Once your employment with GO ceases, your access to the EMO system is revoked and all payslip data is deleted. If you require hard copies of your payslips, please ensure that you print these out prior to your employment terminating. As always payroll is happy to answer any questions you may have regarding your pay. Please direct all payroll enquiries to the payroll email at payroll@gomarinegroup.com.au and I will respond. Gavin Anderson PAYROLL MANAGER

Some not too smart gangsters decide to rob a bank. After several days of planning they agree on the best plan. The next day they get to work and are able to get into the bank relatively easy thanks to their planning. Once inside the main vault they discover one wall is full of safety deposit boxes and start to work on them immediately. They drill and pry open the first box only to find a small container of vanilla pudding inside.

SEA ASIA 2015

The Head Gangster says, "Okay, well, at least we can eat it." So they eat the pudding. They drill and pry open up the second safety deposit box and there sits another pudding. They decide to devour it too.

Sea Asia 2015, a biennial international conference and exhibition for the maritime and offshore industries, held in conjunction with Singapore Maritime Week, is one of the most anticipated maritime industry events in Asia. It serves as a focal point for both the global and local maritime communities to network, explore new businesses and showcase the latest maritime innovations, equipment and services.

Determined to find the goods, the process continues for the rest of the night until all the safety deposit boxes have been opened. They didn't find any money or jewellery in any of the boxes. Disappointed the head gangster said, "Well, at least they left something for us to eat." The next day, while listening to the news they hear: "Yesterday the largest SPERM bank in the USA was robbed by an unknown group of people..."

The 3-day event held at the iconic Marina Bay Sands, Singapore from 21-23 April 2015, attracted 16,185 participants from 85 countries with 426 exhibiting companies that operate both locally and abroad. This year’s exhibition was 30% bigger and spread across two floors for the first time due to unprecedented demand from exhibitors. This growth is a real reflection of the important role Sea Asia plays in helping congregate leading industry leaders across the spectrum of the maritime and offshore marine industries in Singapore to discuss, debate and analyse key issues and trends. The importance of Sea Asia is well illustrated by the number of industry leaders who were in town for this unmissable event. GO MARINE GROUP participated as an exhibitor, with booth B2-L01, providing an effective platform to raise its profile and showcase the Group’s range of services and vessels to the broader industry group. It is an invaluable opportunity to network with our existing client base, as well as make new connections to develop new areas of opportunity. Sea Asia has cemented its place as Asia’s largest maritime event with a 23% increase in attendance from the previous event held in year 2013. The next Sea Asia event, scheduled to run from 25 to 27 April, will see an even bigger conference and exhibition and GO will be there front and centre.

GO EMERALD:

AUSTRALIA’S FIRST STRIKE OIL RESPONSE VESSEL vessel to be involved. The Current Buster has her own Paravain that, when towed, will hold the mouth of the Current Buster open allowing oil on the surface to be captured and directed down to the cod end where the skimmer can be deployed to recover the captured oil and send to the sea slug for storage.

The GO Emerald has been on charter to Chevron’s Australian Business Unit for nearly 18 months as a first strike oil response vessel. In the event of an emergency, the GO Emerald crew would be first on the scene to commence containment of any large spill, until more resources arrive on location. During the past 18 months the GO Emerald and her crew have been training tirelessly with the oil response equipment fitted onboard. The equipment fitted on board for the capture and retention of oil incorporates: •

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Norlense boom with skimmer - This piece of equipment is stowed on a reel on the starboard side of the GO Emerald in a lay flat style. When deployed, compressed air is used to inflate the boom as it falls away from the reel to create a cylindrical tube. The boom is 300 metres long when fully deployed and requires an assist vessel to tow in a “J” formation to capture oil in the bottom end. When the oil is captured the Skimmer is deployed and lowered into the lower end of the “J”. The Skimmer is used to transfer the oil from the surface to the Sea Slug to be stowed. The sea slug has a capacity of 25 cubes and when full can be towed by the GO Emerald or an anchor deployed and location recorded for collection from another vessel to allow the GO Emerald to carry on oil recovery operations. Current Buster – This piece of equipment can be deployed by the GO Emerald crew and towed at very low speeds without the need for another

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Canflex Bladder Seaslug for oil containment.

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Dispersant equipment, used to spray dispersant – The GO Emerald carries dispersant for deploying at the site of an oil spill, if required, and the crews onboard have had extensive training in the use of this equipment. On a regular basis, the crew set up the spray nozzles and hosing for the use of spraying dispersants. During the training exercise, the crew use water in lieu of the actual product. Portable nozzles are fixed on the foredeck railing with clamps and hosed back to a pump and the suction side simulates being connected to one of the 5 pods of dispersant carried on the GO Emerald.

In conjunction with oil spill response drills and training, the GO Emerald and her crew have conducted several drills from Barrow Island, which have involved Bristow Helicopters. The training with Bristow covered all aspects of sea rescue including winching injured persons from the deck of a moving vessel, deploying aircraft life rafts and winching a dummy from life rafts tethered behind the GO Emerald while stationary. Jason Wortley

The Low Down on the GO PHOENIX The search area itself is some 2,000+ nautical miles off the Western Australian coast. The initial main search area covers approximately 60,000km squared and the GO Phoenix is one of four vessels contracted for the task. The assigned search area for the GO Phoenix was 14,353km2 and as of early June, the vessel had completed 90%.

The GO Phoenix is a high specification, large AHT and is the second of the four VS491’s built in Batam. The 2013 built vessel is 91m long and pulls 245t bollard pull with its 21456 HP engine. For the last 10 months the GO Phoenix has been chartered by Phoenix International searching for missing flight MH370. While at first glance the vessel may not have been the most logical choice, given that it has been built to tow light equipment, operate at slow speed and withstand the seven metre plus waves common within the designated search area, it has proven to be highly effective. The ability to perform work of this kind goes to show the capability of these vessels.

In search of the missing plane, the GO Phoenix is towing a fish (side scan sonar) known as a PRASAS ps60-6000. The PROSAS Surveyor PS60 is a 60-kHz synthetic aperture sonar system (SAS) capable of operating in water depths to 6,000 meters. The system is a neutrally buoyant Deep Tow vehicle, which is towed behind a depressor weight. This new survey platform provides seafloor imagery at a constant resolution of 10 cm X 10 cm at ranges out to 1,500 meters each side. The PS60 system combines

Applied Signal Technology’s extensive SAS algorithm development and sonar design with deep ocean search and survey. It consists of two 3-meter arrays, an inertial navigation system, USBL, and DVL integrated onto a 4-meter-long deep-towed towfish. Topside processing consists of a commercial processor with four displays that allow users to view real-time port and starboard SAS waterfalls, bathymetry, multibeam sidescan, and to view and save contacts and regions of interest for further detailed analysis.

To date, search efforts have been unsuccessful in finding MH370 but we remain optimistic in the hope of giving closure to all of the families affected. Heaton Walsh

Our line boats, the PIPARN and YAKIRA, are now averaging 120 tie-ups a month for the Port, with the COM 2 as a backup standby vessel. Being two of the smallest vessels in our fleet these vessels have proven to be highly capable. The GO PURIYA continues to conduct beacon maintenance for the Port. This vessel has in the past been conducting Hydrographic Survey and is due to pick up further survey work in the future. The GO SHAULA is consistently moving with the day/ night pilot operations, a service seamlessly operated by the skilled masters and crew onboard.

GO INSHORE UPDATE As we all know and read about constantly, the Oil & Gas economy during 2014/15 has experienced a tidal movement. The Ports of Dampier and Exmouth have been affected by this but fortunately our Port Hedland operations have been somewhat insulated. EXMOUTH has seen a dramatic downturn, and with a large proportion of the construction completed in the region, a decision has been made to close our Exmouth office and conduct any operations in the area from our Port Hedland Office. VESSEL MOVEMENTS The relocation of both our 11m Work Boats to Dampier and Port Hedland has already produced results. The GO MINOTAUR is conducting Boom Towing exercises with the GO EMERALD in Dampier, which is proving to be extremely effective, and the GO CENTAUR is now ready for barge movements, stores/provision transfers, line boat back up and general port tasks at Port Hedland. The SOUTHERN SPIRIT is currently based in Dampier and has been conducting crew/cargo transfers. The vessel mobilised to Exmouth for operation West Winds during June for Oil Spill Response Exercises under the Apache banner. PORT HEDLAND Under the watchful eye of our Port Hedland ManagerMichael (The Wizard) Warren, business continues to move forward. It has been wonderful to see the GO Hedland Team involved in local Hedland sporting clubs, voluntary clubs and assisting the ANZAC 100th year anniversary with droves of people of all ages present – well done.

The GUARDIAN is still chartered as a secondary pilot vessel and keeps the Port secure with daily patrols, with the Pilot Boat AKUNA 5 joining the fleet later this year. DAMPIER Our Fleet Manager in Dampier, Chris Hedges has been kept busy with recent operations overseeing inshore vessel movement, logistics and project charters for various clients. On 15 March, Cyclone Olwyn passed over Exmouth. The cyclone also affected surrounding areas and, as a result, the GO AMPLITUDE was chartered Atwood Osprey to perform crew transfers for a period of 6 weeks. Between the vessels GO AMPLITUDE and SOUTHERN SPIRIT many transfers were completed, including down manning the rig in three hours due to another possible cyclone. The GO AMPLITUDE completed Bathymetric Survey work at Wheatstone and Barrow Island recently and is about to start ROV operations around Dampier as this article goes to press. The GO LATITUDE has been transferring in the Dampier area and this vessel, along with the GO AZIMUTH and GO PROVIDER, will be redelivered at the end of June 15. Well done to the GO INSHORE TEAM for their continued hard work and professionalism over the course of what has been a tough few months. Cam Moir

CHANGES TO INSHORE STRUCTURE Some of you may or may not be aware that Cameron has resigned from his position as Fleet Manager in Exmouth to take on new and exciting challenges. On behalf of the management team, staff and crew, I would like to thank Cam for everything he has achieved for GO over the past 5+ years and personally wish him every success. Garrick Stanley

GO SeaEnergy continues to manage three vessels – the GO Electra, GO Pegasus and Surf Ranger, and soon the Surf Supporter will also be added to the GO SeaEnergy portfolio. The Electra, under Charter to Harkand, was awarded a contract for air diving and ROV operations in Trinidad shortly before Christmas, which involved the vessel being transited to Chaguaramus, the local offshore base. Whilst on location, the Electra successfully underwent In Water Survey by DNV. There were no conditions of Class or recommendations to the Owner. Upon return it spent two weeks in Sunderland where maintenance work was planned, however, due to the award of work, the vessel mobilised for more Northern North Sea operations. The Electra has performed well and recently underwent its Annual DP Trial successfully.

The Surf Ranger, formerly the Seisranger, is a boat well known in the North Sea. Converted from a Seismic Vessel into a DP2 ship complete with moonpool, Subsea 7 chartered her for almost seven years where she worked in the North Sea, Brazil and West Africa. At one time the vessel carried seven ROVs. The accommodation onboard is spacious and typical of a Norwegian build of the period and subsequently the Surf Ranger is a very popular vessel with our clients. After the Harkand charter came to an end, she underwent a major engine overhaul in Rosyth, near Edinburgh. The vessel was then awarded ROV Inspection work for DeepOcean. Captain Marek has been on the vessel for twelve years and, having starting as Second Mate in her seismic days, can truly call the Surf Ranger home. The GO Pegasus is now on charter to DeepOcean UK where she is working on the Western Link Cable Lay Project off the West Coast of the UK. This Project is the single largest ever cable lay in Europe. The Pegasus will follow the cable ship Jules Verne which will lay the cable about 2km ahead, being picked up by the plough which trenches and fills the cable trench, laying the cable as it passes. The Plough is pulled via the tow winch following the cable track. There is not any remaining space on the deck and the ‘A’ Frame makes the Go Pegasus every inch the construction vessel. The GO Pegasus carries HiPap, DGPS, and RADius as reference systems interfaced to the DP system, which is in turn integrated into the plough. Rennie Cameron

This year we are continuing to invest in the training and up skilling of our existing workforce. We are currently focusing on vessel specific training, which includes DP Maintenance for our engineers and Type Specific ECDIS training for our Deck Officers. We are also in the process of devising a plan to tackle the enormous task of putting all of our permanent offshore crew through revalidation training over the next 18 months.

TRAINING UPDATE

Changes to STCW introduced by the 2010 Manila amendments, require seafarers to complete additional requirements to maintain the validity of their Certificates of Competency, Certificates of Proficiency as Rating and Certificates of Safety Training beyond 31 December 2016. If the holder of one of these certificates does not take action to revalidate their certificate it will not be valid after 31 December 2016 and therefore cannot be used after this date to serve on a vessel. In a nutshell, this means that all certificates, including those issued in perpetuity, if not revalidated, will expire on 1 January 2017 and if not updated prior to this date GO will not be in a position to engage you. It should also be noted that all certificate holders will be required to satisfy revalidation requirements every five years, to maintain the validity of their certificate. To deliver the revalidation training in the most cost effective and efficient way, where possible, and if there is no provider in your home port, GO will schedule the training immediately prior to the start of your swing or the day after you sign off a vessel. GO will make contact with all our permanent employees before the end of 2015 to advise when you will be scheduled for training so please have patience with us and wait for our call. Lyndsay Sheehan