Curierul - April-May 2011

C urierul www.gspoffshore.com april-may 2011

Akcakoca.

Turnkey project delivered

by GSP GSP Trademark Well Intervention Services Caspian Sea, new challenges

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content

4 NEWS 6 Caspian Sea - New Challenges 8 GSP Perseu – a new four-point mooring system 10 GSP’s Success: the AKC 3 and AKC 4 deliver natural gas directly in the subsea pipeline 12 Projects 16 The Oil & Gas Operations and Services Employers’ Association 17 GSP`s international standards validation: GL, FPAL, ModuSpec

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18 GSP, the main sponsor of the XVIII edition of the IPETGAS Congress and Exhibition 20 GSP trademark well intervention services 24 The Cadet program 2011 30 HSEQ Retrospective, 2010 36 Saturn Foundation initiated the project “ABA therapy“: autism, a diagnosis that should concern us

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ROV Simulator, GSP Training Center

Grup Servicii Petroliere, training provider authorized by CNFPA Grup Servicii Petroliere is authorized by the Romanian authority CNFPA (the National Council for Adult Vocational Training) to organize the professional training program for “Drilling, mining, oil and gas treatment worker”, the occupation being included in the National Register of Training Providers for Adults (with the number 13/70/07.02.2011).

GSP Training Center organizes under the mentioned authorization the course “Drilling – Operating Driller Cyber Chair X-COM (DrillSIM 6000)”.

GSP Training Center offered courses in collaboration with TWI (The Welding Institute), February 2011 GSP Training Center hosted a course

in the field of pipeline coating integrity management for “BGAS Site Coating Inspector”.

The course was conducted between the 21st and the 26th of February, by TWI instructors. The newly acquired professional skills assessment is carried out by The Welding Institute.

The course was addressed to NDT controllers, on site quality managers, welding engineers, technicians, the graduates’ new professional competencies being certified by TWI (The Welding Institute).

Regular training for Navymar staff Navymar staff regularly participates in the IWCF (International Well Control Forum) training sessions. In accordance with the 2011 training program, as well as with the shifts schedule and personnel training needs, the offshore drillers’ team members are scheduled for training

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sessions at the GSP Training Center.

The training sessions are carried out both theoretically and practically, on the DrillSIM 6000 simulator. Participants are prepared for the safe operation of equipment in the driller’s cabin, for X-COM Systems (Sense), Amphion (NOV) as well as for the prototype driller’s cabin designed by ICPE - ACTEL.

GSP Training Center launches ROV operator courses GSP Training Center launches this April new training for ROV (remote operated vehicle) operators. = The ROV operators training program includes providing basic theoretical knowledge of the ROV operation and developing technical skills for Pilot Technician, level 2. The training is carried out both theoretically and practically, with

the support of the ROV simulator.

The graduates’ professional competencies will be certified by IMCA (International Marine Contractors Association).

GSP Training Center will hold new training sessions in Congo GSP Training Center announces the continuation of IWCF training and certification sessions in Congo. GSP Training Center is accredited provider of training services at this location and the new training program will begin in April.

Courses will be conducted theoretically and practically, and GSP Training Center will mobilize for this program the DrillSIM 20 drilling simulator. Trainees will receive after the assessment, internationally valid competence certificates issued by IWCF.

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Training Session with Navymar personnel

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Caspian Sea - New Challenges Grup Servicii Petroliere (GSP) is interested in oil & gas industry opportunities in the Caspian Sea and decided to open a representative office in Kazakhstan. The decision was taken by shareholders in January: „The Caspian Sea has significant oil and gas resources , and GSP, a company with extensive international experience, considers this is an opportune time for establishing possible collaborations with local operators in the industry“ said Radu Petrescu, the company`s spokesman for Mediafax.

GSP Kazakhstan, located in Almaty, the most important economic and commercial center of the country, is interested in developing, in partnership with local companies, projects that highlight the potential of the Caspian Sea oil industry.

Hydrocarbon deposits in the Caspian Sea offer GSP the opportunity to prove their capacity to provide integrated services through turnkey projects.

Kazakhstan has huge oil reserves, estimated at 30 billion barrels (11th worldwide) and has big ambitions taking into account the country has doubled oil production in the last decade. One of the strategic goals of economic development of Kazakhstan is to enter the top ten oil-producing countries.

Kazakhstan has the largest oil reserves outside the Middle East - Kashagan.

Developing the capacity of major oil fields in Kazakhstan would propel the country to a leading position among world oil producers according to studies conducted by experts from the Energy Information Administration of the United States of America (EIA).

The most important oil fields Ghawar - Saudi Arabia 30 billion oil barrels With a length of over 257 km and a depth of over 25 kilometers, Ghawar is believed to have had more than 100 billion barrels of oil. Ghawar is an important landmark of the oil industry.

During the last six decades 60 billion

barrels have been extracted. Currently the field produces via six service points, about 5 billion barrels/ day.

West Qurna - Iraq 21 billion oil barrels West Qurna is currently producing 300,000 bpd, making this oil field subject to a project to increase production to 2.3 million barrels per day. The project aims at a first phase of extraction of 9 billion barrels of oil.

Majnoon - Iraq 13 billion oil barrels Manjoon is a relatively small oil field with huge oil reserves, located near the Euphrates River in southern Iraq. This field has remained untapped because of the proximity to the Iran border.

The field now produces only 50,000 barrels per day, but has the potential to produce 1.8 million barrels of oil per day.

Rumaila - Iraq 17 billion oil barrels Located on the border with Kuwait, the field already produces 1 million barrels per day, half of Iraq’s total daily production. After completion of the 15 billion dollars investment plan, production will reach 2.85 million barrels per day.

Khuzestan - Iran 100 billion oil barrels Khuzestan is not just an oil field, it is the province where Iran produces 90% of its oil. It is situated on the

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field has been partly developed in the ‘80s, but then it only produced 140,000 barrels per day. The field is huge, but, because of its complexity, extraction is conducted with very great difficulty.

border with Iraq and hosts Ahwaz and Yadavaran perimeters, each producing around 300,000 barrels per day. Another important oil field, Soussangerd, containing 8 billion barrels, was recently discovered.

Kashagan - Kazakhstan 9 billion oil barrels Discovered in 2000 in the Caspian Sea, Kashagan has recoverable oil reserves of 9 billion barrels from a total of 38 billion barrels. The basin is over 4,500 feet deep, and the oil reserve has a high concentration of hydrogen sulphide 19%. It is estimated that by 2020 this field will produce 1.5 million barrels per day.

Khurais - Saudi Arabia 27 billion oil barrels Saudi Aramco has invested $10 billion in Khurais field development. This investment included the installation of pipes capable of carrying 2 million liters of sea water per day to be injected in the field. This technique was perfected by the Saudi at Ghawar and allows Khurais field to produce 1.2 billion barrels per day. The

Tupi - Brazil 8 billion oil barrels Discovered in 2006 near Rio de Janeiro, Tupi was a revelation. The deposit is at a water depth of 1,600, under 5,000 meters of sand and gravel and other 1,600 feet of solid salt. That is why investments are not small at all - 100 million dollars for each well that extracts oil from the Tupi field.

Carabobo - Venezuela 15 billion oil barrels The great plain of Carabobo hides over 15 billion barrels of solid oil, which has not been exploited yet. North Slope - Alaska 40 billion barrels oil In 2008, the Department of Energy has issued a report showing that the North Slope still has 40 billion barrels of oil and 125 trillion cubic feet of gas left.

Microsoft Encarta Map

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GSP Perseu – a new fourpoint mooring system The four-point mooring systems contribute to a better control of the position held by the vessel, namely its stability and safety resulting in significantly improved operating parameters. A four point mooring system has been installed on board GSP Perseu, DSV, vessel specialized for support services for activities of divers and underwater remote controlled vehicles. The ship offers specialized support services for SHARK. The four point mooring system installation was conducted in compliance with IMO and IMCA regulations.

GSP Perseu is involved in current support operations such as: • Underwater survey activities, non destructive testing for offshore constructions; • Seabed surveys for mobile offshore drilling rigs positioning; • Surveys, inspections and repair works of fixed and mobile platforms, as well as of the subsea pipelines; • Offshore construction activities, risers’ installation, pipeline launching.

The new four-point mooring system provides improved capacity to maintain vessel position under the action of marine currents, waves or other factors that influence the vessel’s station keeping during operation. The four-point mooring system is a passive system maintaining

GSP Perseu, DSV

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the vessel’s position during offshore divers’ and ROV’s activities. This type of system can be also used during rescue operations when it becomes necessary to maintain the vessel at a fixed point.

GSP has provided the project management for this half a million Euros investment.

The installed equipment meets the standards of the classification society.

GSP Perseu is a dedicated and specially adapted vessel to meet the performance and safety requirements for surface supplied diving operations. GSP Perseu is built in 1994 in Romania and certified by the Bureau Veritas classification society as an Offshore Supply Vessel.

Reaching 60.9 m in length, 13.6 m width, and having a 4.5 m draft, the ship has the necessary size to operate as an appropriate platform for conducting underwater operations. The 210 square meters of free deck and the 35 persons accommodation allow placing onboard the divers team as well as a complete surface supplied diving system including the divers’ launch and recovery system, the containerized diving control panels, the diving air mix supply system, decompression chambers as well as the entire range of tools and pieces of equipment needed to carry out the subsea operations.

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GSP’s Success: the AKC 3 and AKC 4 deliver natural gas directly in the subsea pipeline Breaking the limit www.gspoffshore.com

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Under the terms of the ”EPCI Service for Western Black Sea AKCAKOCA Field” contract signed by GSP and TPAO, at the conclusion of the completion and equipping process of the two existing wells in March, GSP’s commissioning team for the offshore construction project (EPCI) went onboard the Akcakoca fixed drilling and production platform. The commissioning team has performed in the presence of the representatives of the beneficiary, TPAO, the last sets of tests of the equipment as well as the preparatory operations in order to start the natural gas production on Akcakoca Drilling and Production Platform.

The 12 „x 7 km long subsea pipeline between the Akcakoca Platform and TPAO’s supbsea pipelines network was handed over to the beneficiary. This pipeline ensures the transportation of the produced natural gas to the onshore gas processing plant at Cayagzi, near Akcakoca.

The Akcakoca offshore drilling and production platform was also commissioned. The platform extracts processes and delivers natural gas from the two wells, AKC 3 and AKC 4 in a 24/24 hours regime. In the near future other four new wells will deliver gas into the subsea pipeline.

Starting with March 13, 2011, 8:00, AKC 3 and AKC 4 wells were started directly from the wells’ control panel onboard Akcakoca Platform, in the offshore construction’s control room. The wells produced natural gas directly through the subsea pipeline, to the compressor station onshore where the production parameters are monitored. The Akcakoca Platform is currently operated either directly from the onshore facility or from the control room onboard the platform, offshore.

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Projects Breaking the limit www.gspoffshore.com

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GSP Neptun GSP Neptun is the most powerful floating crane with no navigation restriction in the Black Sea. In 2010, GSP Neptun crane was mobilized for both load-out operations in GSP Shipyard and unload and installation operations of the jacket, the two deck platform and modular drilling rig in the Akcakoca perimeter.

Currently is carried out the first stage of the conversion project of GSP Neptun from floating crane with four point mooring system to floating crane with dynamic positioning system.

GSP has initiated the process of

evaluating the opportunities to upgrade GSP Neptun, in order to achieve a higher degree of autonomy and safety in operating. Ulstein Sea of Solutions ​​ was contacted for the activity of concept design and pre-setting operating performance in order to achieve a selection of equipment to be purchased.

Ulstein Sea of ​​Solutions shall develop preliminary calculations that will help select the propulsion system and other equipment. The evaluation process takes into account specific parameters of an extended operating area.

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GSP Neptun.

Jacket installation activities, Akcakoca perimeter

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GSP Bigfoot 1 GSP Shipyard is the general contractor for the modernization project of GSP Bigfoot 1.

The project aims to increase the performance of the vessel and thus increase productivity. Another objective is to increase safety in operation with the installation of the dynamic positioning system.

GSP Bigfoot 1m before the upgrade

could install 1.5 km submarine pipeline per working day. With the installation of dynamic positioning system the barge will be able to launch 3 km pipeline per day.

The technical modernization project for the installation of submarine pipelines and heavy lift operations aims to: increase productivity, increase the tensioners’ capacity from 120 to 200 tons, and increase the accommodation capacity.

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GSP Caspian project Ulstein Sea of Solutions ​​ made, at the request of GSP, the draft concept design of the modular drilling barge, GSP Caspian Drilling Barge, for operations in the Caspian Sea. GSP Caspian will consist of three pontoons, each with a maximum width of 16 meters. The technical vessel will have a length of 140 meters and a width of 48m. The barge’s design is realized in order ensure the safe passage through the Volga-Don channel. The drilling barge will operate in water depths of between 1.8 and 10 meters.

GSP Caspian will have 200 men accommodation capacity. The drilling

equipment, vessel characteristics and equipment will comply the high pressure / high temperature wells by means of surface blow out preventers.

GSP Caspian will fully meet the requirements of a modular construction, starting with the hull, consisting of three pontoons, ending with the accommodation space structure, drilling equipment, and superstructure. The barge will have a heliport for Sikorsky S92 / S61N / Super Puma helicopters.

GSP Caspian will be designed and constructed under the supervision of ABS, classification society member of IACS.

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GSP Caspian.

Shallow water drill barge

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The Oil & Gas Operations and Services Employers’ Association APOSP was established in 2004, at the Constitutive General Assembly being held on March 15 a number of Romanian legal entities having a business purpose or economical interests that include oil & gas petroleum operations and services have expressed the adhesion. APOSP advocates and acts from its establishment for the achievement of a modern, efficient and flexible employers’ environment, able to meet the operational requirements and demands of its members. APOSP has undertaken the mission to represent, defend and promote the common interests of the association members.

APOSP is a member of the Oil & Gas Employers' Federation. Among the Employers' Association member companies there are: S.C. Grup Servicii Petroliere S.A., S.C. UPETROM 1MAI S.A., S.C. Dafora S.A., S.C. Foserco S.A., S.C. Upetrom Trading & Engineering S.A., MKB Romexterra Leasing IFN S.A., S.C. Vega Turism S.A., S.C. Pegamont S.A., S.C. Servicii şi Operaţiuni Speciale la Sonde S.A., S.C. RCI Grup de Consultanţă S.R.L., S.C. Euroned Engineering S.R.L., S.C. GSP Shipyard S.R.L., S.C. Petromar Resources S.A., S.C.Upetrom Group Management S.R.L, S.C.P.S.V. COMPANY S.A., MKB ROMEXTERRA BANK. The Board of Directors of APOSP includes: Mr. Valentin Gabriel Comanescu - President, Chairman of Upetrom Group; Mr. Ion ZIDARU - Member of the Board of Directors, Chief Executive Officer of UPETROM 1 Mai Ploiesti, Mr. Marian Gherman - Member of the Board of Directors, Chief Financial Officer of Upetrom Group, Mrs. Sanda Popescu - Auditor; Mr. Tudor Opran - Managing Director.

The actions initiated by the Employers' Association originate in the APOSP strategic principles the way they are expressed in the articles of incorporation, being closely linked to the strategy of the Oil and Gas Employers Federation (FPPG). The Employers' Association pays particular attention to the initiation and development of analysis on topics of great interest. The members of the Employers' Association are preoccupied with maintaining market positions they hold by expanding and strengthening markets and attracting new customers both nationally and abroad. The enhancement of the human resources performance level, the continuous improvement of labor productivity providing a high safety level of labor, as well as the optimal circumscription among the core concerns of the environmental preservation & protection are main APOSP objectives.

The Employers' Association is involved in improving the legal framework governing employers' activities: to this end, several APOSP proposals have been the subject of FPPG information as well as of the Employers’ Confederation to which FPPG is affiliated. APOSP has initiated together with FPPG a series of events designated to help create a favorable environment for growth and competitiveness: for example, Mr. Gabriel Comanescu, the President of APOSP attended the Conference on "The Union – Employers’ Dialogue” in Istanbul in 2004, where he sustained the views of the Association, circumscribed to the social dialogue strategy of FPPG. The Conferences held in March 2006, "Building a business environment leading

to development and competitiveness" and in September 2010, "What should be done for an effective ownership of companies in Romania?" are two other events of great significance to the success of which the APOSP members brought their contribution. APOSP has delegated its representatives for all the negotiations regarding the Collective Labour Contract in the economical sector of ‘Electrical Energy, Oil & Gas’, these representatives having an important contribution in developing the final form of the document.

APOSP acts in the direction of retaining, specialization and certification of the professional body operating in the field of operations and services for the oil & gas industry by attracting grants to sustain the programs. These efforts demonstrate the interest of the Employers' Association for the continuous adaptation of the workforce to the implemented technologies and the safety regulations in the oil and gas industry.

The Employers’ Association is involved in organizing events with special significance for the industry, such as the 100 years anniversary of Upetrom 1 Mai, event which underlined the special significance of a century of oil field equipment production in Romania, in designing and carrying out the technological modernization strategy for the modernization of the integrated offshore petroleum industry (Grup Servicii Petroliere), as well as in communicating clear points of view and positions in order to protect its members in crisis situations (such it was the case of the MODU GSP Orizont seizure situation).

APOSP has assumed the role of facilitating the affiliated members’ access to services, programs and information of interest. Thus, the Employers' Association edits and publishes newsletters and publications to his level and helps developing newsletters’ content of the Oil and Gas Employers Federation (FPPG). The Employers’ Association helps, through participating in the FPPG and nationwide represented Confederation programs facilitating consistent and constructive expression of the points of view of its members in the dialogue established with the executive body as well as with the unions.

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GSP`s international standards validation: GL, FPAL, ModuSpec Amongst GSP`s achievements of the past year there is a series of remarkable results achieved during the audit process conducted by third parties.

The GL (Germanischer Lloyd) External Audit The internal audit was 100% completed.

This was followed by external auditing of ISO integrated management system, performed by Germanischer Lloyd. There has been no record of noncompliance by the end of external audit. The external audit aimed renewing the management system certification in accordance with ISO 9001: 2008 and the other standards, ISO 14001:2004, OHSAS 18001:2007 annual audit.

FPAL (First Point Assessment) Evaluation The greatest recognition of HSEQ department`s team effort to meet company's strategic objectives is the FPAL verification audit report.

This audit is an objective assessment and the score represents the recognition of the remarkable level reached by the integrated management system implemented. FPAL is an auditor of the level of performance achieved by service and supply providers in the petroleum industry. FPAL headquarters is in Aberdeen and the audit report and score registered by GSP will help the company to easily expand its operating area to the western and northern Europe. Companies that hold licenses for exploration / exploitation of offshore oil deposits pay particular attention to the FPAL scoring of the audited company.

The FPAL evaluation took place in 2009.

GSP has sent, since then, a series of documents, answered a series of questionnaires and subsequently moved to the second phase, the advanced

registration. The second registration stage required a more solid documentation, especially in the fields of occupational health and safety, environmental protection, professional competence, training of personnel.

GSP hosted the FPAL team that conducted the audit for verification in the last quarter of 2010. If after the review of documentation submitted to FPAL, the score was above seven, at the end of the audit, the score was 9.1 of a maximum possible 9.4. It must be said that there aren`t many companies in the world with a FPAL score above 9.

ModuSpec Audit ModuSpec is the third auditor who visited GSP in 2010. This audit focused on HSE (occupational health and safety, and environmental protection). This audit was conducted at the request of a potential customer, points of interest being the company's headquarters and offshore platform GSP Saturn.

The audit report was submitted after the end of two verification inspections without non-compliances. This audit confirms that the company's HSE policies and procedures are followed and that the HSEQ management system is properly implemented at all GSP sites.

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GSP, the main sponsor of the XVIII edition of the IPETGAS Congress and Exhibition Grup Servicii Petroliere is the main sponsor of the most important energy event in Turkey.

The International Congress of Petroleum and Natural Gas will be held in the Sheraton Hotel and Congress Center in Ankara in May 11th-13th, 2011.

GSP is one of the regular participants in this event over the years. Every year, the congress brings together companies of the oil & gas industry and representatives of professional associations of geologists, oil engineers, architects, engineers, geophysicists.

The aim of IPETGAS 2011 is to update the knowledge of geologists, engineers and administrators working in the petroleum and natural gas industry, to ensure sharing of experiences within the sector employees, exchanging ideas and gathering in a favorable environment specialists to discuss the petroleum and natural gas potential of Turkey and its surrounding area together with its position in the energy supply security.

IPETGAS is an event awaited with interest by representatives of companies active in the oil and gas industry in the region;

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ensuring stable energy resources is a key contributor to the economic development of the states in the Black Sea region.

The last years’ events have emphasized the role of Turkey as a focal point on the route of pipelines, which are subject to multinational projects and recent developments in areas such as the Caucasus, Caspian Sea, and the Middle East highlight the strategic importance of Turkey.

IPETGAS represents a unique opportunity for making that further analysis of the role of geographical factors, geostrategic, political, economic and social factors that influence energy balance of the region which is at the crossroads of Europe and the Middle East, North Africa, Caspian Sea region. Besides its hub role at the crossroads of major transport routes, Turkey has a special importance from the exploration and production perspective: with increasing demand for oil, Turkey has become one of the most interesting areas registering intense development rates of production capacity.

Grup Servicii Petroliere performs, since its establishment in 2004, operations on the Turkish Black Sea continental shelf, in partnership with the Turkish National Oil Company (TPAO) – GSP`s the most important partner in the region, and with other important private companies.

The Congress agenda includes discussions on the latest developments in areas such as transport, refining, storage of hydrocarbon processing products, exploration, drilling, mining, industrial development projects in Turkey and neighboring regions, and the latest technology in the field and news on renewable energy. Discussions are divided into four themes: geology, geophysics, petroleum engineering, and a general section which includes related fields topics (law, environmental protection, economics, and unconventional resources).

GSP, sponsor of the 10th edition of TUROGE Grup Servicii Petroliere had the opportunity

to present its latest achievements on the occasion of the tenth edition of the Oil and Gas Conference and Exhibition held on March 16th-17th, in Ankara.

TUROGE reflected for over a decade the development of the oil industry in Turkey and the growing role the country plays in regional energy security equation.

The event is supported by the Ministry of Energy and Natural Resources of the Republic of Turkey, General Directorate of Petroleum, National Oil Company of Turkey, BOTAS Corporation, General Directorate for Research and Exploration of Mineral Resources, having as coorganizers the Association of Geologist in the Petroleum Field and the Chamber of Geophysicists Engineers in the Petroleum Field in Turkey.

GSP has shown continuity and reliability in the projects implemented in Turkey, for which enjoys a leading position in integrated services for offshore oil industry. The project that has attracted mostly the visitors’ attention at the GSP`s stand was the offshore construction of the Akcakoca Drilling and Production Platform within the Akcakoca perimeter. GSP was awarded the contract for the second stage of development of the natural gas deposit in an international tender organized by TPAO. The EPIC Project (engineering, procurement, installation, commissioning) worth 100 million USD was completed in 2010.

Currently, GSP performs drilling activities in the same area.

TUROGE proved to be, for the tenth consecutive year, a framework for discussing important issues such as the most appropriate market development scenarios of energy exploration and development activities in the Black and Mediterranean seas, aspects of energy supply and international energy security, funding and development potential of new projects for the establishment and operation of submarine pipelines, environmental regulations, project financing for infrastructure development, tax regime, legislation.

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GSP trademark well intervention services „Our goal is to provide the highest quality services to clients in the Black Sea and the neighbouring areas as well.

We shall provide well fracturing, stimulation, coiled tubing intervention services.

Our service offer combines the skills of a core professional body with the latest technologies in the field“ Billy Williams, Executive Officer, Well Intervention Services, GSP USA, Saudi Arabia, Congo, Russia, and Romania: if you want this is, seen in geographical perspective, the professional track of the new Executive Officer, Billy Williams. From a temporal perspective, his business card includes, besides the years when he accumulated technical and operations professional experience, eight years during which he served in management positions, having accumulated in addition to experience related to his professional competence area a set of active skills in business development, budgeting and implementing new technologies.

Jon Hansen, oilfield engineer, started his career in 1994; he is now the Technical Manager of the Well Intervention Department.

His professional map includes the United States of America, Algeria, Russia, Turkey, Yemen, Kazakhstan, and Saudi Arabia. He held various positions, among which those of project manager and instructor engineer.

In the hands of the two experienced professionals stands GSP’s commercial offer development project by adding the Billy Williams well intervention services.

The new department started out with a clear objective, that of establishing, with the approach to this area of ​​service, of a new standard for well intervention on the continental shelf of the Black Sea by using the National Oilwell Varco technology.

Billy Williams told us that one of the reasons he chose to work for GSP was the location of company headquarters as well as of the operational bases in Constanta and the two satellite ports, Midia and Agigea. The fact that GSP is a Romanian company really mattered in terms of facilities that UE membership bring to the business, leading to encouraging economic results.

GSP’s service offer includes, after the establishment of the Well Intervention Department, based on the competencies of a core experienced professional body and an investment amounting $ 11 million for the purchase modern well intervention equipment, the following new services: • Operations planning/well intervention modelling; • Coiled tubing operations; • Fracturing and stimulation; • Subsea well intervention; • High-pressure/high-temperature wells; • Horizontal and extended-reach intervention; • Large well-bores and high-capacity production wells; • Running wireline tractors ; • Multi-lateral well intervention; • Training of personnel including apprenticeship for well service technician and well control certification; • Consultancy.

GSP offers the latest state-of-the-art equipment and technology within wireline operations. The main features are: • Multidrum/multipurpose integrated

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The Port of Constanta is located at the crossroads of the trade routes linking the markets of the landlocked countries from Central and Eastern Europe with the Transcaucasia, Central Asia and the Far East. It is the main Romanian port and it ranks among the first 10 European ports. The favourable geographical position and the importance of the Port of Constanta is emphasized by the connection with two Pan-European Transport Corridors: Corridor VII - Danube (inland waterway) and Corridor IV (rail-road).

The Port of Constanta is one of the main distribution centres for the Central and Eastern Europe, offering many advantages, of which mention must be made of: • Multi-purpose port with modern facilities and sufficient water depths in the port basins to accommodate the largest vessels passing through the Suez Canal; • Direct access to the Central and Eastern European countries through the Pan-European Corridor VII - the Danube; • A hub for the container traffic in the Black Sea; • Good connections with all modes of transport: railway, road, river, airway and pipelines; • Customs facilitations for commercial operations performed through the Port of Constanta; • Modern facilities for passenger vessels; • Land availability for future expansion; • Since 1st January 2007, the Port of Constanta has become Free Zone.

packages for slick line and braided/ electric line; • PC-recorded wire depth, speed, tension and shut-down functions; • Real-time transfer of winch data to onshore operations centre; • Remote operation/monitoring of surface pressure and control system; • Modular designs for fast integration of auxiliary instruments and equipment; • Designed and built to international industry standard.

GSP shall provide to its customers, due to the acquisition of modern equipment incorporating the results of the advanced research in the well intervention dayto-day operations, technologies and applications of some major research elements in the field, such as: • Wireline retrievable bridge plug/ isolation packer; • Downhole ultrasonic imagining; • Wireline tractor.

GSP has invested USD 11 million for the acquisition of Hydra Rig and Rolligon NOV equipment Hydra Rig is the leading manufacturer world-wide for Coiled Tubing Units, with

over 800 units built since 1980. Hydra Rig Varco merged with National Oilwell in 2005. National Oilwell was at the time the second leading manufacturer of Coiled Tubing Units. National’s Coiled Tubing products have been intergraded into Hydra Rig making Hydra Rig NOV the Largest Coiled Tubing Manufacture.

Hydra Rig Supplies Coiled Tubing Equipment to: China, with 20 Coiled Tubing Units; Schlumberger with over 260 Complete Units; BJ Services with

GSP’s service offer includes, after the establishment of the Well Intervention Department, based on the competencies of a core experienced professional body and an investment amounting $ 11 million for the purchase modern well intervention equipment.

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Well Intervention Equipment, GSP South Port Facility, Agigea Base

over 140 Complete Units; Halliburton, with over 25 Complete Units; Surgut Russia with 26 Coiled Tubing Units.

Worldwide there are approximately 1,100 units in operation and more than 800 are produced by Hydra Rig NOV. Fracturing Equipment Acquisition Rolligon NOV is the wells production stimulation (fracturing, acid stimulation) market leader. Rolligon NOV sets the quality and performance standards in the automated systems, their main feature being the ease of the equipment exploitation. The manufacturer of the

fracturing equipment channelled a large percentage of innovation in order to reduce the period of training of the operators, with the introduction of intuitive operating systems, electronic subcomponents being made with the sole purpose of the successfully cope with the demands of the harsh conditions of exploitation onshore as well as offshore, the equipment incorporating the most advanced technologies of National Oilwell Varco. The company was founded in 1960 in Houston, USA. Rolligon joined NOV to complete high-tech service

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equipment product line.

The training strategy of the well intervention staff includes: • GSP’s staff will work on the designing and organizing of well intervention operations in cooperation with drilling specialists in the operational base; • The installation design will be realized by the GSP’s specialists ensuring at the same time a great attention to technical details and effective control of costs and supply of chemicals needed in the intervention; • Both the preparative operations and well intervention operations themselves will have as main objectives work safety, environmental protection and a high technological value; • Professionals will be offered training programs to ensure excellent mastering of the necessary information regarding the equipment operation, data interpretation and geological history of the project as well as of the well, knowing the parameters of stimulation operations; • The specific skills training ensuring the development of the required competencies for well interventions will be accompanied by the encouragement of the behaviour which consecrated the people value within the company, namely, placing first in their concerns the desire to bring a high level of satisfaction to the beneficiaries.

The technological developments of the recent years lead to an increase in customers’ demands in regards of the recovery rates improvement in the operated oil and natural gas fields. The new services offer in the well intervention and workover area circumscribes GSP’s objective to effectively meet the requirements of the client companies.

The training of the human resources, the specialists’ recruiting process based on the selection of already confirmed professional experienced and valuable specialists whose

The technological developments of the recent years lead to an increase in customers’ demands in regards of the recovery rates improvement in the operated oil and natural gas fields. The new services offer in the well intervention and workover area circumscribes GSP’s objective to effectively meet the requirements of the client companies. professional performance has already been internationally endorsed, the new technologies acquisition are designed to provide the beneficiaries of GSP trademark well services the increase of the deposit recovery rates as a result of optimizing the extraction.

The well intervention services significantly influence the oil and natural gas wells’ operating life. GSP will combine, similarly to the other service areas, valuable human energies and modern technology to provide well intervention services at the highest standards.

Specialized well intervention vessels represent the key to an effective cost control in well intervention services in the offshore perimeters GSP will operate a specialized vessel for well intervention services.

The modular structure of the well intervention equipment makes the operative mobilization possible, with minimum costs for each operation, depending on the specific requirements of each project. Thus, GSP is joining the manifested general trend in the offshore oil industry of using lighter and more versatile means in order to achieve its operational and general business goals.

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The Cadet program 2011 Launched last autumn, the new edition of the CADET Program generates news. The most important aspect of the current edition is the expansion of the training offer: if the previous editions of the program addressed to graduates specialized in oil and gas, marine and mechanical engineering, the 2011 offer addressed as well to the graduates of hydro-technical and civil engineering, and electronics.

From Cristinela Budin, the Chief Human Resources Officer, we learn details regarding the cadets’ selection and the way the already running program is designed: "The young graduates who have been selected for the CADET program in 2011 have completed a very clearly drawn up route through the training program.

There have been appointed training coordinators as well; they know very well their duties and responsibilities in the process of the cadets’ performance evaluation. The planned activities for the first group of cadets, the drilling ones, are

already underway.

In early April the cadets within the Hydrotechnical and Civil Construction as well as within the Offshore Construction Departments have started the training as well. The cadets from the Naval Department began on April 20. At the conclusion of the selection process we may consider we chose young graduates with real potential from the last bachelor and master classes. It was quite a laborious selection process concluded with a phase of interviews in which candidates have had the opportunity to demonstrate their solid theoretical knowledge, the eventual practical professional experience, and the possession of attitudes we value.

The young graduates we selected have convinced us that they have a positive attitude and the necessary energy to go through with us. From GSP’s cadets we have great expectations in regards of their desire of professional development, in regards of their high interest for training and perfecting their skills, but we do not

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stop here. The young selected cadets have to convince us that they have the capacity to contribute by in-taking energies our team highly appreciates, and they are expected to confirm the fact that they have communication skills which will facilitate the adaptation and learning processes.

We follow a series of very important issues related to the cadets’ communication effectiveness: the clear and concise expression of ideas, the organized, persuasive, and careful listening; they have to maintain eye contact with their interlocutors, clarifying all the aspects of a problem and clearly understanding the messages.

In order to ensure that the CADET program will prove effective in achieving the formation of new generations of GSP’s specialists, we identified and valuated the networking skills of the candidates during the selection process: they have to prove themselves in the future perfectly able to collaborate efficiently with the people they interact with, to demonstrate respect in the work relations they develop, to efficiently work with people at different levels in the company hierarchy, and to choose the most effective way to communicate even when in disagreement with the interlocutor’s opinion.

Besides those listed so far, it is my belief that the cadets have understood very well that the learning process is a continuum, it never ends if they have set ambitious career objectives.

As we aim to make everything clear, we offer them the opportunity to receive valuable professional guidance and we encourage the knowledge transfer. We designated for the role of coordinators & assessors a number of specialists with real qualities, people who master the tricks of the trade and who are fully aware that the success of the CADET program depends heavily on them.

Under the guidance of the coordinators & assessors, the cadets will make conscious and planned efforts to

We follow a series of very important issues related to the cadets’ communication effectiveness: the clear and concise expression of ideas, the organized, persuasive, and careful listening; they have to maintain eye contact with their interlocutors, clarifying all the aspects of a problem and clearly understanding the messages. (Cristinela Budin) understand the processes: in this way they will be able to translate into practice what they have learned theoretically so far.

We have explained to the Cadets that it is extremely important to know and understand how the operations are conducted: they must have the initiative to formulate questions, to clarify, to ask for details and especially to show through their questions and answers as well as through their actions that they understand, that they learn, and their evolution here can also be quantified in theoretical knowledge and experience. Based on the accumulated knowledge during the university studies and under the guidance of experienced professionals, the cadets will be able to integrate separate elements in order to arrive at the overall picture and they will as well prove themselves able to decompose a holistic process into parts which they will analyze. We expect to see the cadets assuming the roles of facilitators of the knowledge transfer process, sharing with their colleagues what they have learned. The initiative and the voluntary actions, which will prove the cadets do not require constant supervision and micromanagement, but the effective self-management during their assigned activities as well as the responsibility proven while carrying out the tasks will be greatly appreciated."

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Work is what transforms the given reality; it is the only effective laborious form of action.

Action in its turn is the most intense form of becoming.

The actions we perform today shape our future.

After the short meeting with six of the cadets of the series of the program carried out in 2011 a first conclusion would be that the young people who have been selected in the GSP’s new edition of CADET Program are guided by a strong sense of confidence in their forces and led by a strong conviction that their efforts will be appreciated at their true value. Certainly these young people have opened GSP’s doors with the desire to demonstrate that they can bring an important contribution to achieving the business goals of the company.

The training program is, as the cadets have witnessed, an unexpected chance.

A question constantly followed their steps from the first year of studies: “Where I’ll find a workplace after graduation, and who will employ me without having any professional experience?“.

Within GSP the graduates have found, thanks to the CADET Program, the possibility to build a career in the field they studied. They haven’t watched the last years statistics in order to see how many graduates have this opportunity, but they knew from their student years that the selection in the labor market is tough, that becomes more and more difficult to meet employers’ requirements, that the chances of finding the proper environment for the accumulation of the necessary professional experience are scarce.

The cadets have graduated the Hydrotechnical Engineering, Mechanical Engineering, Electro-technical, Civil Industrial and Agricultural Engineering Faculties.

Why did you choose to come to GSP? Sebastian Taus: „I chose Grup Servicii Petroliere mainly for the CADET Program. I came because we are not

requested to prove at this stage specific professional experience in order to enter the program; others than very solid theoretical knowledge, there are no high expectations from us and the company is committed to support our professional training and growth. Other option would have been to send my application to any other employer who would have requested solid experience years to back up my professional curriculum. This is the way things are everywhere. I am delighted with the idea of ​​training within GSP. Of course, as we evolve during the stages of the program, we need to confirm, to live up to demanding expectations and requirements of professional performance. I am delighted that I will work equally with Sebastian Taus Romanian and foreign specialists. A multicultural climate can only stimulate us. I feel stimulated by the chance that GSP offers me to develop a career in a very specific professional field such as the ROV operation. It is fantastic! I love it! Taking for comparison the previous job I’ve got, I very much appreciate the seriousness with which the activities are carried out here. The fact that I am a cadet in a large company gives me confidence: I have met here professionals and what I have seen so far has convinced me that I have made the right move. The opportunity to build a career in the ROV operations field allows me to exploit my interest IT &

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offshore construction, superstructures, facilities design, vessels. I do not find challenging choosing a commonly travelled career path the great majority adopts. GSP gives me the opportunity to engineer design in an area where the demands are high. Well organized, efficient, well anchored in the design for offshore oil and gas industry with a What are your short term structured training and based on a solid goals, where do you culture - that is how I see the specialist actually see yourselves able to perform design works for GSP. the end of the CADET I believe that without demanding Program? targets on which to focus, it is very Sebastian Taus: difficult to evaluate my progress and my „At the end of the professional growth as well.“ CADET Program we Bogdan George Spânoche: see ourselves in front „Any new workplace is a challenge. The of a test. But beyond fact that I work in the field of marine the assessment stage, constructions, the fact that I’ll be soon I see myself within able to carry out subsea surveys and the ROV operation Cătălin Costel Culea construction / installation activities by team. For this personal means of remotely controlled robotic ambitious career project vehicles motivates me. It is a challenge.

I came to GSP: my aim is to enrich both It is also a chance not many may have. I my theoretical and practical knowledge. see myself after a little while engaged in There are only two Romanian companies ambitious projects with clear objectives. I that own and operate ROV’s and only like the idea of ​​being part of a team where GSP provides training and real career everyone has very well defined tasks, in opportunities in the field. We found here fact this is the reason I have chosen GSP, a favorable climate for improvement a large company which has the exercise from all points of view; working in a of managing major projects. GSP multicultural team will help me improve offers me an outstanding professional my way of thinking and my approach perspective. The time we dedicate now and analysis methods of various for training is not a sacrifice: we do not situations and problems. Basically I aim have other obligations. We build our to constantly develop, to prove myself a careers now, in the only highly efficient professional. Easy-going, right time, or at least comfortable is not always profitable. so I see the things. We Why would I choose to have a job five do not sacrifice now minutes from my home with a miserable from the precious time salary when I can pull hard now while I we will dedicate to our have the necessary energy? I am at my families later. We focus full capacity; I can achieve quite a lot on career as for now now! Working for the offshore industry we are our own most means continuous study. I am at the right important projects. age for „training“ and GSP meets my Later the time will pass career projects: I have the opportunity to in our disadvantage in develop myself, I find here the necessary terms of learning ability; conditions.“ other responsibilities Costin Catalin Culea: „I love Mădălina Gabriela Vrejoiu will come with age, our the idea to work in design engineering: C. It is very interesting. I know where I’m going, I have already drawn clearly my career path in mind and I know roughly the current projects my elder colleagues were involved in on the continental shelves of Turkey, Russia and Bulgaria until now.“

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this thing because due do such a strategy priorities will be different.“ we are guaranteed that the workplace Madalina Gabriela Vrejoiu: stability is ensured. It is important to „The impact of the knowledge transfer know at our start that there is a projective is higher now. I think the CADET thinking to tackle the projects with Program takes into account our interest positive effects on workplace stability. for discovering new things: I hope that Here it is one of the reasons I wanted at the conclusion of the practical and to be included in the theoretical stages I will confirm the CADET Program, to trust I am credited with now. Due to be working in a large this opportunity the program offers company. me, I can see myself in a very short Mariana Serban: time engaged in large and diversified „I want to design dams. new projects. The programme is for I want to get involved us, besides a real chance to become in major projects and professionals, an opportunity to remark to make my name ourselves. I do appreciate the true mean something value of the opportunity offered to me over the years in now: I work in a team willing to teach the professional me things I definitely need to get the environment: I am best outturn.“ aware of the need Ersin Caragea: „My aim, which Mariana Şerban for strong theoretical is that of working with a team of knowledge, of the professionals with whom I may need to accumulate experience and emphasize the knowledge gained continuously develop my skills if my aim during faculty is attainable now, is to play an important role in hydrosince I was accepted into the CADET technical engineering teams, to grow Program. I’ll later be able to carry out credible as a civil engineer. I will work other projects as the real chance is within the Hydro-technical and Civil offered to me now, to get involved in Construction Department. I graduated the economically productive activities that profile faculty within Ovidius University. will contribute to my The Hydro-technical and Civil Engineering professional growth.

Faculty gave me a theoretical support I have studied Civil needed to make a good start in career.

Engineering. I have What I realize, what we all realize is that considered it offers me we are missing the practical experience. a greater freedom: I I’ll have the opportunity to accumulate have the working site experience here. We have already seen experience and I like our program which also includes further very much to work in in depth study, which is good. I want execution. GSP’s Hydrovery much to meet all the program’s technical and Civil objectives.“ Engineering Department is, as I understand, Some of the specialties for which GSP trains quite young and I am Ersin Caragea professionals via CADET Program are true convinced that the pioneering domains. Some of you will be desire to be remarked is equally strong pioneers. Well, how do you feel with such a in its team as my own. When referring status? to projects of interest, I am glad to Sebastian Taus: „We know that. learn that there are envisaged projects We found it out from colleagues in our to be carried out over several years, team, we have also had the opportunity up to ten: it is also important to know

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to discuss this with Cristinela Budin, the Chief Human Resources Officer. It is a challenge. Therefore it is stimulating. It is a good sign for us that here we find the best conditions to develop and that the field of activity we are training to work in is, in its turn, in an ascending trend. We develop the same time with our domain and by doing so we are sure that we’ll be employed in major projects. We are the second ROV operators’ generation GSP trains. My only regret is that I was not in the first series.“ Bogdan George Spânoche: „It is something new. I’m glad I have this chance.“ Costin Catalin Culea: „I think we can talk about pioneering in the engineering design too, when implementing new standards, and new technologies. Any new project is a pioneering act. And for me pioneering is the challenge of designing drilling rigs, production platforms, different types of offshore constructions, technical vessels; they all come with a series of challenges that we must face. The idea is that individual expectations should be harmonized with the ones of the team as well as the project management objectives, for every project.”

Any new project is a pioneering act.

And for me pioneering is the challenge of designing drilling rigs, production platforms, different types of offshore constructions, technical vessels; they all come with a series of challenges that we must face. (Cătălin Costel Culea)

Do you take into consideration the possibility of failing? Do you think there is a risk not to go through all the phases of the program, now that you saw very clearly what are the requirements and timetable?

Mariana Serban: „No. I came here determined to give my best.“ Ersin Caragea: „The Program content makes us more determinate. I do not take into account a possible failure.

I have already said that I appreciate this opportunity offered to me at its true value.

The monthly and final assessments will show highly beneficial for us all.“ Sebastian Taus: „I perceive this program as a second school. I am serious and sincere when I confess that both my colleagues and I appreciate two aspects: first that we have find a major company

which, through the projects it runs is offering many possibilities to confirm the value of its employees, and second that the wages here are superior to the offers received so far. The future isn’t anymore complicated, we are no longer afraid to think projectively. We have the opportunity to accumulate practical experience, to enrich our professional culture.”

Madalina Gabriela Vrejoiu: „I graduated in Mechanical Engineering Economics. It is a specialization that, being very versatile, offers several options: I could as well work in design engineering, at the worksite where I like it very much; I could work in the field of processes optimization. I quickly adjust myself to answer different requirements.“ Bogdan George Spânoche „Routine is a burden. The fact that we were selected in a program of study and professional training is in our advantage. It is a promise that we will grow professionally, and the projects GSP addresses are very Bogdan George Spânoche different. This will result in the accumulation of further information, that we’ll constantly be motivated to learn by the diversity of activities, and we will develop teamwork skills in order to focus our energies to achieve the set objectives.“

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HSEQ Retrospective, 2010 Breaking the limit www.gspoffshore.com

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The results the specialists of the HSEQ department have centralized for 2010 are, shortly, as follows: • Accidents resulting in Lost Time Injuries (LTI) – 0 • Accidents resulting in Recordable Injuries – 8 • Accidents resulting in environmental pollution – 0 The figures above were recorded for a total of almost 4 million man / working hours.

It is a great performance especially when taking into consideration the diversification and the continuous expansion of the activities within the company. The most important projects reflected in the figures above are: • The development of the two new operational bases – GSP Midia and GSP Shipyard in Agigea; • The newbuild project of the shallow water pipelay and heavy lift barge GSP Bigfoot 1; • The reactivation and upgrade of the semi-submersible barge GSP Bigfoot 2; • The upgrade of the accommodation and work barge GSP Bigfoot 3; • The upgrade of the heavy lift crane barge GSP Neptun; • The steel works involved in the 101 meters jacket and double deck platform, the equipping process, the offshore installation of the largest offshore modular fixed drilling and production platform in the Black Sea as well as the installation of the 7 km of subsea pipeline within the EPCI contract whose beneficiary is TPAO; • Technical review and classification of the modular drilling rig GSP 31 as well as the start of the drilling campaign with the modular rig on the Akcakoca Drilling and Production Platform; • Offshore installation activities in the Akcakoca perimeter; • The installation of two subsea pipelines on the Bulgarian continental shelf at the Galata Platform for

Melrose Resources; • The installation of 150 kilometers of subsea pipeline on the Russian continental shelf within the DLS Project; • Offshore drilling operations conducted in the Black Sea, Mediterranean Sea and Persian Gulf, among the beneficiaries being companies such as OMV Petrom, Japex, Energean, Melrose Resources; • Marine operations; The list may certainly continue. We

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professionals. With these people we answered the needs of GSP Shipyard as well. The rhythm in which the HSEQ department people have worked in 2010 was an intense one, the same intensity being observed for all employees, including those who are in supervisory positions”, declared Constantin Gheorghe, the Chief HSEQ Officer.

Another success the Chief HSEQ Officer mentioned is the management system certification obtained by GSP Shipyard in accordance with ISO 9001. Currently the HSEQ team of GSP Shipyard completes the preliminary preparative steps in preparing the management system certification in accordance with other standards – the activities focusing on preparation of documentation.

are currently at a level at which the operations conducted by GSP as general contractor for projects of strategic importance in terms of energy security in the region have achieved an unimaginable degree of complexity three years ago. „The HSEQ Department has the merit of having supervised all the activities at all the work places in the company, as well as the merit of carrying out the staff training program, conducted in the most efficient way. The HSEQ department team, not a very numerous one, is composed of valuable and dedicated

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HSEQ Priorities, 2011 The elaboration of the HSE Case for the well intervention services At the start of activities for a new range of services, the well intervention, the HSEQ department has a new task.

The well intervention activities represent a challenge in HSE terms. The activities in this category involve a number of risks.

The HSE specialists’ task is to identify all in order to reduce them to a tolerable level or to eliminate risks entirely where possible. The HSE and the Well Services Departments collaborate during the process of identifying risks as well as in designing the preventive measures to be taken in order to eliminate and / or mitigate these risks to an acceptable level. This process will be completed once the HSE Case will be developed based on the area of the risk assessed services, that of well intervention. The document will contain the complete list of associated risks, both on board the specialized well intervention vessels and during the well intervention operations onboard jackets or rigs.

The HSE Case is a document which defines everything related to a specific workplace safety: all the activities being currently carried out at the risk assessed

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workplace as well as activities known as possible to be carried out there if necessary. The risk assessors are taking into account all the normal operations and the emergencies that may arise as well. An accurate assessment is then carried out in order to identify the associated risks, the risk assessment process resulting in a set of corrective and / or preventive actions. This document may become for the very demanding clients in the offshore oil and gas integrated services industry a very persuasive business card; a thoroughly documented HSE Case is a tool which make the difference between the service contractors in regards of the degree of rigor with which operational safety issues, safety of crew and environmental protection are treated. The entire fleet operated by the GSP has currently this category of guidance documents and the HSEQ department is currently running a revision and development process of these documents.

A great example of HSE Case is represented by operations currently carried out by GSP in the Akcakoca perimeter: the modular drilling rig GSP 31 operates onboard the drilling and production platform Akcakoca and the facilities for the drilling process are supplied by the 300 men accommodation and work & heavy lift barge GSP Bigfoot 3. It is a particular situation which required a different, much extended risk assessment process for developing an HSE Case than the regular situations when the HSE Cases are drawn up for a drilling rig or a vessel. The document includes, in addition to the drilling and drilling support activities, all the activities on board the barge, such as operations with divers or remotely controlled underwater vehicles, to which were added the anchor handling and supply activities carried out by GSP Queen and GSP Licorn.

HSE Cases are sets of documents currently assessed by the local authorities in the Northern and Western Europe when

seeking contractors to provide services in these regions. In order to assess this set of documents for the extension of the operating area, GSP has already taken the decision to select the most demanding specialized HSE auditors’ offer. In this way, GSP’s business card will include more objective information to facilitate better results during the tender evaluation processes.

The recruitment and training of HSEQ professionals continues In 2006 the only way to answer the needs of HSEQ specialists was either to recruit Romanian specialists who have worked within foreign companies, or to address directly the international market in order to recruit foreign specialists. It was then the moment when it was decided that through the CADET Program HSEQ specialists

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shall be trained too for GSP’s present and future needs, the specialists training carefully following the company’s overall development program.

The CADET Program has proven itself highly useful, allowing the company during the last three years to develop the GSP’s HSEQ team of specialists.

Only following this path became possible to have already trained staff, personnel already having the chance to gain relevant professional experience in our field of integrated services to be appointed in positions with high responsibility. The HSE specialists training process through the Cadet program allowed, for example, occupying the newly appeared HSE positions onboard the technical vessels, those new HSE positions in GSP Shipyard, providing

responsible and trained specialists. A first series of five cadets went through the entire training program during 2008/2009 CADET edition. 2009 brought another series of five HSE cadets: young graduates have had the opportunity to acquire the necessary theoretical knowledge while simultaneously developing strong practical skills on board the ships and offshore mobile drilling rigs. The whole process was interspersed with assessment sessions during which the newly accumulate knowledge level was evaluated together with the degree of adaptation of the participants to the training requirements and the company standards, assessing the degree of knowledge of ship / technical vessel / drilling rig / onshore work site. Among the young people employed in HSE cadets positions in 2009, three are already occupying now HSE supervision positions and the other two are going to be soon appointed in supervision positions, once GSP Orizont will enter the new contract.

The HSEQ successes GSP registers are explained through the way the supervising personnel knew to decode the signals received from colleagues in order to know exactly in what manner is more appropriate to impose an ethical behavior at the workplace, to form and develop a strong culture focused on safety. It’s about combining different information methods in order to avoid the application of restrictive measures.

The workplace coordinator has, in his or her turn a great influence on the registered results, directly bringing personal contribution to the overall HSEQ success. The objective and timely information is the most effective tool in the hands of the HSE specialist. The first thing a graduate learns in the CADET training is that an appropriate behavior reinforces the positive safety workplace culture, this being achieved through a laborious persuasion process going from problematic situations, risks identification and the solutions for them.

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Saturn Foundation initiated the project “ABA therapy“: autism, a diagnosis that should concern us Dedicated to improving the quality of life, Saturn Foundation provides the necessary financial support to conduct a study that contributes to the promotion, protection and rehabilitation of children diagnosed with neurological disorders, as well as to their integration and acceptance in kindergarten and school.

By supporting the Black Sea Psychological Center’s project, the Saturn Foundation contributes to the promotion and acceptance of the ABA therapy (Applied Behavioral Analysis) as a useful therapy in the education process of children with special needs and in informing the public about the real chances of recovery of children diagnosed with mental disabilities such as autism. ABA therapy is the most commonly used method of education and rehabilitation of children with mental disabilities (autism, mental retardation,

ABA therapy is the most commonly used method of education and rehabilitation of children with mental disabilities (autism, mental retardation, Down syndrome) in states member of the European Union and the U.S. Saturn Foundation provides financial support to the Black Sea Psychological Center to conduct an educational scientific study.

Down syndrome) in states member of the European Union and the U.S. Saturn Foundation provides financial support to the Black Sea Psychological Center to conduct an educational scientific study. The study is part of a project lasting four months and its objective is to improve general skills of children diagnosed with autism.

The project conducted with the support of Grup Servicii Petroliere and Saturn Foundation addresses to a number of ten children with ages ranging from 3 to 11 years, having neurological disorders (autism, mental retardation). The children come from families with modest incomes.

The Black Sea Psychological Center offers children who are included in this study ABA therapy sessions, logopedic therapy and ludotherapy sessions.

Education through ABA therapy needs to be initiated at an early age and uses special materials to stimulate children’s development and adaptation to society.

The therapist conducts the therapy sessions with a single child.

Saturn Foundation decided to offer financial support the Black Sea Psychological Center`s project due to its potential to contribute to the special education system’s performance. The introduction of ABA therapy in the education system for children with special needs will result in the pursuit of the educational process in accordance with the needs of the children diagnosed with neuropsychiatric disorders.

This project is subject to the concerns for improving the health of the population.

As it is already well known, Saturn Foundation has been committed to

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resolving or improving both serious medical cases and improvement of population`s health since its establishment. Saturn Foundation is involved in supporting medical care; therefore improving the health of the population is one of the main concerns of its founders and supporters.

In order to reach this objective, the Saturn Foundation uses both direct and indirect instruments: Direct involvement of Saturn Foundation in resolving serious medical cases has led to emergency aid treatment, surgery, transplants, implants, as well as the transport expenses for the transportation of the disabled persons or persons without financial means to clinics or hospitals in the country and abroad.

Indirect involvement of Saturn Foundation in projects for improving the health of the population materializes in: •blood donation campaign in collaboration with the Regional Center of Blood Transfusion Constanta •donations of building materials; •donations of medical supplies; •the renovation and medical equipment endowment of the medical practices or

dispensaries in rural areas.

Saturn Foundation directs its efforts to solving serious medical cases, hoping that the human and financial efforts will result in increasing the quality of medical care and the number of beneficiaries of health services.

Donate 2% to Saturn Foundation, for the „ABA Therapy” You can decide upon the designation of the 2% tax to support the Saturn Foundation’s newest project, in accordance with art. 57 (4) - (6) and art.

84 (2) - (4) of the Fiscal Code.

Decide where your taxes get!

Do not forget that the success of our programs depends on your decision to direct 2% of income tax to Saturn Foundation. Your trust means a better life for children diagnosed with autism and included in the ABA therapy program conducted in collaboration with the Black Sea Psychological Center. 2% matters a lot for the project`s beneficiaries! Donate the 2% to the Saturn Foundation and you will see the positive changes generated by your contribution.

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