Curierul - December 2010

C urierul www.gspoffshore.com december 2010

New drilling operations for TPAO and Energean Oil & Gas GSP – ANMB Partnership The CADET Program, third edition

Gabriel Comănescu interview for Gazprom concern

Brief: OffshOre COnstruCtiOn

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Content

4 GSP – business card 7 GSP receives the National Award from the Chamber of Commerce and Industry of Romania 8 2010 in events 22 Drilling Report 26 Offshore construction 32 Partnership between Grup Servicii Petroliere and the Naval Academy „Mircea cel Bătrân“

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36 GSP has signed a partnership agreement with the Naval Academy Mircea cel Batran 38 Gabriel Comﾄハescu interview for Gazprom magazine 48 Launching of the CADET program, third edition 54 GSP, the sole representative of the Romanian oil and gas industry at 14th edition of ADIPEC Breaking the limit www.gspoffshore.com

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GSP – business card

Subsea survey equipment

In 2005 GSP operated a fleet made of six offshore drilling rigs, six vessels (all in the category of offshore supply, PSV) and a technical vessel (GSP Granit, floating crane with a maximum lifting capacity of 100 tons).

In 2010 the fleet operated by GSP and the company’s facilities comprise: 5 offshore drilling rigs: GSP JUPITER, GSP ATLAS, GSP ORIZONT, GSP SATURN, GSP PROMETEU and a modular drilling installation, GSP 31: GSP can drill with it to higher water depths (95 meters), exceeding the depth limit to which the self-elevating jack up type rigs can operate.

10 vessels: 4 AHTS (GSP KING, GSP QUEEN, GSP ALCOR, GSP VEGA), 1 DSV (GSP PRINCE), 3 PSV (GSP ORION – OSR GSP LICORN, GSP PERSEU), 1 Crew Vessel (GSP PHOENIX), 1 MEDEVAC (GSP LYRA) 5 technical vessels: GSP BIGFOOT 1 – new build in GSP Shipyard 2010 – DP3, pipelay and lifting operations with a heavy lift crane; GSP BIGFOOT 2 reclassified and reactivated in 2010 – semisubmersible barge; GSP BIGFOOT 3 built in 2009, barge for offshore operations heavy lift, accommodation – 300 places; GSP NEPTUN, 1800 tons, the largest heavy lift crane barge in the Black Sea,

GSP Granit 100 tons, crane barge; 4 ROVs, Triton XLX, Triton XLR, Mohican, Navajo, and a 12 man saturation diving system, with 300 msw operational depth; 10 truck-mounted and crawler heavy lift cranes, having capacities between 30 and 500 tons (1 x 500, 3 x 300, 1 x 280, 1 x 250, 1 x 200, 1 x 70, 2 x 30) and 8 forklifts with capacities between 3 and 20 tons.

GSP has established the most modern training center from the Black Sea, the GSP Training Center, endowed with 2 drilling simulators, DrillSIM 6000 and DrillSIM20, as well as a ROV simulator.

All company’s vessels and platforms hold Class Certificates issued by Classification Societies, members of IACS (International Association of Classification Societies). All projects of construction – modernization – re-engineering are carried out under the classification societies’ supervision.

Operations bases The location of the three operations bases assures the connection with the countries from Western Europe and with Rotterdam Harbour through the Danube – Black Sea Channel and the Rhine – Main Channel.

The headquarters and the operations base from Constanta Harbour, berth 34: Total surface 15.100 m2, multifunctional hall – 4.500 m2, asphalt and concrete

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platforms - 8.300 m2, heated production areas – 2.000 m2, heavy duty open platform, allowing loads of 30 de tons/ m2, warehouse, offices; The facilities in berth 34 allow the execution of any type of steel constructions designed for offshore constructions as well as to carry out some re-engineering – modernization – reclassification projects for any type of vessels and offshore drilling rigs; The base offers the possibility to carry out activities such as repairs and storage of oilfield equipment, and steel constructions, the control and the repair of tubular material, the repair of hydraulic equipments, the control and repair of electric equipments, the maintenance and repair of mechanical equipments, the control and repair of lifting equipments, the maintenance and repair of refrigerating equipments, and carpentry; GSP Training Center offers courses and seminars in the domains of drilling, maritime regulations and project management. The GSP Training Center is located within the Constanta Harbour, Berth 34, having a total surface of 2310 m2, 120 places in four lecture rooms, 20 places in conference hall, 14 offices which are preponderantly using the natural lighting, 50 places in the restaurant. The Center is endowed with three simulators: one DrillSIM-6000 simulator, located in a room specially built for it, having a surface of 198.10m2.

Other endowments: the commands from the driller’s cabin, two seats (for the driller and one for the assistant driller); consoles: blowout preventer and pressure manifold; instructor’s office, a mobile simulator, DrillSIM 20, which can be mobilized in the two locations for which GSP Training Center has been accredited for the IWCF training and testing activity, Turkey and Congo; the simulator for the ROV operators; The GSP base in berth 34 accommodates the Welding School, a unique facility in the region, established for the welders’ qualification and certification in the

subsea pipelines installation activity; for the welders’ qualification and certification for steel structures designed for the offshore environment, for the qualification of work procedures within the fabrication and installation projects – offshore constructions and subsea pipelines, as well as non-destructive control – NDT. Projects carried out in the berth 34 base: the completion of the GSP Jupiter upgrade & reclassification project in 2007, a 70 million USD investment; the GSP Saturn upgrade & reclassification project in 2009, a 65 million USD investment.

The GSP Nord Midia operations base, located in Constanta Nord – Midia Harbour, is an operation base unique in Romania. It integrates all types of services necessary to carry out the offshore drilling operations. The GSP Nord – Midia base has a total surface of 373.766 m2, of which 310.000m2 gritted platform for heavy duty traffic (15t/m2), 45.000 m2 concreted platform (30t/m2), constructions: administrative offices and production areas: 7.500 m2 (offices 900m2, production areas 3.500 m2, storage area 3350m2) with a quay span of 1100 meters.

The GSP Nord Midia base shall be endowed with an automatic checking and repairs line for the tubular equipment.

GSP Nord Midia offers well intervention services for the Black Sea, prefabrication and offshore constructions services, constructions of modules for the petro-chemical industry for Eastern Europe and Middle East (in collaboration with third parties), the upgrade – reengineering – reclassification of drilling rigs and technical vessels, repairs – upgrade - re-engineering for the onshore drilling rigs (in collaboration with Upetrom 1 Mai), repairs and storage of oilfield equipment designed for the offshore activities; The base also offers the possibility to carry out activities such as steel

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GSP Shipyard

constructions, the control and the repair of tubular material, the repair of hydraulic equipments, the control and repair of electric equipments, the maintenance and repair of mechanical equipments, the control and repair of lifting equipments, the maintenance and repair of refrigerating equipments, and carpentry.

Projects carried out in GSP Nord Midia Base: reactivation and reclassification of GSP Bigfoot 2 GSP Shipyard – GSP Sud – Agigea operations base GSP Shipyard, the GSP’s southernmost operations base is the only shipyard from the Black Sea’s region specialized in services of steel construction designed for the offshore constructions projects.

GSP Shipyard covers the area of 47.100 m2, of which 34.000 m2 represent the

heavy duty traffic (30 t/m2), 2400 m2 represent the platform reinforced with pillars (200 t/m2), 9400 m2 represent the concrete platform (30 t/m2). GSP Shipyard has a 400 meters quay span.

The built area covers 3000 m2, out of which the administrative offices represent 900 m2 and 2250 m2 the production areas endowed with two gantry cranes of 40 tons.

Projects carried out in GSP Shipyard: offshore constructions – steel constructions fabrication works: template, jacket, platform, within the TPAO project for the second development stage of the Akcakoca filed; vessels construction: GSP Bigfoot 1, project completed in 2010; modernization – re-engineering – reclassification: GSP Neptun.

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GSP receives the National Award from the Chamber of Commerce and Industry of Romania GSP received for the second consecutive year the National Award for the „Oil mining and processing and coal coking Industry“, in the „Industry large enterprises“ category.

The 17th edition of the Top National Companies has great importance for the entire Romanian business environment.

This year 260 companies of different sizes were awarded. These companies were the ones with the highest rank in the Romanian counties tops.

This award recognizes GSP`s place within the Romanian economy as well as its economic performances.

The Top National Companies Rank was based on the tops of the 42 counties of Romania, conducted by the territorial branches of the Chamber of Commerce and Industry using a unitary informatics application, which has processed data submitted for 617,657 financial economic entities for the financial year 2009, in the whole country.

The Chamber of Commerce and Industry of Romania honors every year the companies having an outstanding performance arising from the competence, spirit of innovation and quality management. The hierarchy indicators of the competitors are the net turnover, gross operating profit, profit rate, equity and efficiency of human resources.

The 17th edition Awards Ceremony took place in the Chandeliers Hall at the Palace of the Chamber of Commerce and Industry of Romania.

The gala hosted eminent business people, senior officials of central public administration, presidents of the Chamber`s of Commerce and Industry of Romania, representatives of bilateral

chambers, employers and professional associations and media representatives.

Top National Companies is a binding obligation prescribed by law and under the responsibility of the Chamber of Commerce and Industry of Romania. It is even more than an obligation, it is a tradition settled by the Parliamentary System since its inception in 1864. The National Chamber awards are based on rigorous criteria unitary applied across the country, whose role is to select and reward the elite. The top is structured in relation to the field of industry, group of activity and firm size class. Within each business activity the companies are classified in one of the following groups: micro, small, medium, large and very large. The award therefore reflects the results of an evaluation process of companies having similar characteristics, the rank being closely related to the size and nature of each company. In order to insure a rigorous competition, the process is conducted in a uniform manner throughout the country following the same methodology established by the National Chamber of Commerce, in cooperation with the territorial branches, professional associations, employer organizations and ministries.

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2010 in events January – GSP Perseu provides services of supply, towing, standby, ROV assistance and divers operations support at the drilling rigs, for Shark Subsea Services Company. GSP’s vessel had provided assistance during the interventions with divers and robotic vehicles for the subsea installation works, repairs and constructions, cable laying, inspection of subsea pipelines and their routes, nondestructive control, mapping operations, geotechnical inspections and marine soil sampling on the Black Sea’s Romanian continental shelf.

January - GSP Queen and GSP King provide services in the offshore oilfields, towing, stand by, as well as assistance for the well intervention services for Petrom OMV. February – GSP Prince concluded the subsea inspection process for Melrose Resources, within the contract for the pipeline installation for the development of Galata platform.

Between January 25th - 29th, GSP Price operated in the Galata area, successfully performing the subsea survey equipment’s calibration and

GSP Queen

GSP KING

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GSP PRINCE

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GSP Saturn leaves berth 34 – Constanta Port to drill in the Mediterranean Sea

the subsea inspection along the future pipeline’s route, inclusively in the Galata platform’s safety area, with a diameter of 500 meters.

February – GSP has initiated the activities within the DLS Project (Dzhubga –Lazarevskoye – Sochi) by mobilizing the C-Master pipelay barge, the multifunctional barge endowed with dynamic positioning system (DP) 3.

March - GSP obtains the “Deal of the year” award granted by the Business Review for the DLS (Dzhubga –Lazarevskoye – Sochi) Project.

GSP has been appreciated for the business performances with the “Deal

of the year 200” award at the 5th edition of Business Review Annual Award. The jury has taken into consideration the fact that GSP is the contracting party for the offshore construction works, having the value of USD 269 million, for the DLS Project, on the Russian continental shelf, this being the most important contract concluded in Romania in 2009.

March – C-Master arrives in Constanta Sud – Agigea Harbour where the preparatory operations in order to enter under the contract for the DLS (Dzhubga –Lazarevskoye – Sochi) Project are carried out.

March – GSP Prince carries

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out the last preparations before leaving for Tuapse, where there shall start the subsea inspection operations scheduled within the DLS (Dzhubga –Lazarevskoye – Sochi) Project.

The vessel’s mobilization started on March 1st, once with the installation of Triton XLR ROV. March – GSP Saturn heads to the Mediterranean Sea for new offshore drilling contracts. The GSP Saturn mobile offshore drilling rig leaves Constanta Harbour on March 17th, 2010, heading to Tuzla Harbour in Turkey. On March 19th, the rig crosses the Bosporus Strait. The activities of legs and derrick completion are carried out in Tuzla Harbour. The last sections of platform’s legs and derrick were dismantled in order for the platform to fit into the safety limits while crossing under bridges, where the maximum height is of 55 meters from the sea level.

March – GSP Orion attends

the first EMSA exercise for the prevention of oil spills on the Black Sea’s Bulgarian coast. The European Maritime Safety Agency (EMSA) had coordinated the marine pollution exercise organized by the Administration of Varna Harbour. The exercise represented a premiere for Bulgaria, and its purpose was to test the coordination and the collaboration between the vessels which are under contract with EMSA and the Bulgarian authorities.

March - GSP Prince and C Master leave the Constanta Sud – Agigea Harbour heading to the Russian territorial waters in order to perform the works of subsea inspection and installation of subsea pipelines within the DLS (Dzhubga –Lazarevskoye – Sochi) Project.

March – GSP Shipyard hosts the naming ceremony of the technical vessel GSP Bigfoot 1. The event was attended by a large number of Romanian as well as international representatives

GSP orion

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GSP alcor

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GSP BIGfoot 1

and leaders of banks, petroleum and shipping companies, harbour authorities, naval registries of shipping. GSP Bigfoot 1 represents an 85 USD mil investment, the construction project being carried out

by GSP under the supervision of the ABS Classification Society, member of IACS. April – GSP Bigfoot 1 is heading towards Akcakoca field in the territorial waters of Turkey, to install 7 kilometres of subsea pipeline, within the natural gas reserve development project.

GSP Bigfoot 1 will install a subsea pipeline, approximately 7 km long, 12” in diameter, realizing the connection from the Akcakoca platform to the existing 12” offshore trunk pipelines. The beneficiary of these works is Türkiye Petrolleri Anonim Ortaklığı (TPAO).

April – GSP extends its fleet of support vessels for oilfields operations with GSP Alcor. GSP Alcor is an AHTS Offshore Support Vessel, DP1, classified under ABS register. The new AHTS vessel performs supply services, as well as stand by operations on the Black Sea’s Romanian continental shelf.

April - GSP Alcor performs offshore support services,

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GSP Bigfoot 2 transports the topside for the Akcakoca offshore construction project

transport, supply, and stand by operations on the Black Sea’s Romanian continental shelf, servicing the offshore fixed and mobile rigs, under a contract with OMV Petrom.

April – The fleet mobilized by for the DLS (Dzhubga –Lazarevskoye – Sochi) project receives the visit of beneficiary company, Gazprom.

GSP ensures the management of GSP Phoenix, GSP Prince, C-Master, GSP Bigfoot 1, as well as many other fleet units for the offshore construction project (Dzhubga –Lazarevskoye – Sochi) in the Russian national waters. The beneficiary of the project, Gazprom, introduced the offshore construction project to the international media on the 20th of April.

The event was attended by 70 press representatives from Russia, Germany and the United Kingdom. The technical

tour was completed with a visit onboard the subsea pipelay barge. The visit was followed by a press conference where GSP and Gazprom officials answered the media’s questions.

April – GSP Bigfoot 1 completes the pipelay operations in Akcakoca field under the contract with Türkiye Petrolleri Anonim Ortaklığı (TPAO). GSP Licorn was mobilized within the same operations as ROV assistance vessel, for the pipeline’s as-laid and integrity surveys. The GSP Bigfoot 1, having 195 crew members onboard, was assisted by two AHTS vessels.

May – GSP Saturn operates in perimeter 40, blocks 3 and 4 in the region located north-east from Bengazi, Libya. The drilling campaign carried out by MODU GSP Saturn on the Libya’s continental shelf is appreciated by the Client, JAPEX Lybia Ltd., as being

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a success and in the same time, an excellent proof of crew’s professionalism.

May - GSP Bigfoot 1 leaves towards the Black Sea’s Russian shore for the subsea pipelay operations within the DLS (Dzhubga – Lazarevskoye – Sochi) Project. GSP Bigfoot 1 is accompanied

by GSP Queen, AHTS DP2 offshore support vessel.

May - GSP Jupiter performs subsea tree installation at Kaliakra 2 well for Melrose Resources. This operation is part of the Galata platform development project. The operations are part of the project elaborated by Melrose Resources for the conversion of the Galata gas reserve into a natural gas storage complex.

May - GSP Jupiter operates on the Bulgarian continental shelf for Melrose Resources. The contract foresees the prospect drilling in the Kavarna East perimeter, structure located between Kavarna and Kaliakra fields.

June – GSP Bigfoot 3, the ABS classified barge, built in 2009, is mobilized within the Akcakoca offshore construction project. The technical vessel is equipped with a 12 man portable saturation diving system, which can operate up to maximum depths of 300 meters. GSP Bigfoot 3 performs the installation works for the supports of the snatch blocks and the template within the EPIC project carried out by GSP for Türkiye Petrolleri Anonim Ortaklığı (TPAO).

GSP BIGfoot 3

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GSP jupiter

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June – the operation of loading-out the steel jacket, fabricated within the second phase of the Akcakoca natural gas field development, takes place in GSP Shipyard. The steel structure was lifted from the fabrication supports and loaded onboard the GSP Bigfoot 2 semi-submersible barge. The steel construction, 101 meters long, was fabricated under an offshore construction contract whose beneficiary is Türkiye Petrolleri Anonim Ortaklığı (TPAO). For this operation there were mobilized the GSP Neptun 1800 tons floating crane, GSP Bigfoot 2 and GSP Queen.

June – GSP Bigfoot 3 performs the subsea installation works for the new template and for the snatch blocks. The operation was carried out according to the schedule agreed by the Client. The GSP Bigfoot 3 technical vessel was assisted by GSP Licorn and GSP Orion.

June – GSP Orion operates under a new contract with BM Gust, Bulgaria, as support vessel in the offshore oilfields, providing supply

services for MODU GSP Jupiter. The new offshore service contract allows the vessel to mobilize in accordance with the contract concluded with EMSA, within 24 hours, as oil spill recovery intervention vessel.

June – GSP Training Center is the host of the annual meeting of the IWCF (International Well Control Forum) Managing Board. The International Well Control Forum has a determinant role in the oil industry at global level. The meeting hosted by GSP Training Center was considered by all attendees as very important due to the strategic decisions taken here.

June – The jacket fabricated in GSP Shipyard leaves Agigea Port heading to Akcakoca field. The 101 meters long steel jacket was loaded out and sea fastened onboard the semisubmersible barge GSP Bigfoot 2. The jacket installation will be performed with the support of GSP Neptun, the 1800 tons floating crane, already on the location, and the accommodation, work, and heavy lift (400 tons) barge GSP Bigfoot 3.

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WCF Board Meeting at GSP Training Center

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The load out operation of the self contained modular drilling rig GSP 31 onboard GSP Bigfoot 2

July – GSP installs for Türkiye Petrolleri Anonim Ortaklığı (TPAO) the highest steel jacket fabricated for the Black Sea. The operation preparative campaign included planning, impleme ntation and qualification of the transport and installation procedures, qualification of welding procedures as well as testing and certification of offshore welders, and also jacket buoyancy calculation and unload procedure, and lifting equipment’s certification. The jacket installation operation was carried out in maximum safety conditions and highest regards for environmental preservation and protection. For the operation, GSP mobilized over 350 offshore specialists and a complex fleet of technical and

support vessels, including: GSP Bigfoot 3, an accommodation and work barge for offshore operations, GSP Neptun, heavy lift crane (1800 tons), GSP Bigfoot 2, semi-submersible heavy lift transport barge, GSP Queen, ROV support vessel, GSP Licorn, supply ship, Boa Magnitor, AHT, Agat, AHT, P4 flat-top ocean going transport barge, and Aran.

July - GSP Jupiter is carrying out drilling operations on the Bulgarian continental shelf for Melrose Resources. GSP’s offshore drilling rig operates in Kavarna East offshore perimeter, located between Kaliakra and Kavarna gas fields.

July – GSP successfully completed the load out operation of the Akcakoca platform topside. The

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topside for the second phase of the Akcakoca field development was fabricated within GSP Shipyard.

The load out operation was carried out under the supervision of the project management team and the beneficiary’s representatives. GSP Neptun, the 1800 tons heavy lift crane barge, performed the load out of the double-decked topsides onboard GSP Bigfoot 2, the semisubmersible barge. The topsides facilities installed at 95M water depth will support up to 6 well conductors with well testing and possible future gas compression, four risers and three I-tubes (for 4 ½” or larger umbilical) for future subsea tie-ins located at east, west, and south sides and a pipeline of 12.75’ OD.

August - GSP Prince performs the pipelines’ pre-lay survey within the offshore pipeline installation contract for the development of the Galata field, on the Bulgarian territorial waters in the Black Sea. August – GSP completes the topside installation of the largest offshore platform in the Black Sea. GSP is the general contractor within the offshore EPIC (engineering, procurement, installation & commissioning) project for Türkiye Petrolleri Anonim Ortaklığı (TPAO), the National Oil and Gas Company of Turkey. The double deck topside was transported to the location onboard GSP Bigfoot 2. The platform installation was performed with the help of GSP Neptun, the 1800 tons heavy lift crane moored

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The TPAO Project. GSP has installed the largest fixed drilling platform in the Black Sea

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to GSP Bigfoot 3, the spacer barge P4 and GSP Bigfoot 2, the semisubmersible barge.

September – GSP Orion reports the rescue of 17 seamen. GSP Orion, PSV & OSR, performed the rescue operation of the 17 seamen onboard a Turkish cargo vessel in the Black Sea. GSP Orion was mobilized around 4:45, being instructed to head approximately 10 nautical miles away from Constanta Port, and to safely recover the 17 crew members. At 5:40 a.m. GSP Orion moored near the potentially sinking vessel, transferring the Turkish crew onboard.

September – GSP Bigfoot 1 arrives on location for the pipelay operations at Galata platform, in Bulgarian territorial waters. The technical vessel entered under contract with Melrose Resources, being employed for subsea pipelay operations. GSP Bigfoot 1 shall install 8.5 kilometres of 6-inch diameter pipeline, 14.5 kilometres of 10-inch diameter pipeline, as well as two secondary 1-inch diameter pipelines.

The subsea pipelines will connect the Kavarna-2 and Kaliakra-2 subsea wellheads to Galata Platform. The 1-inch lines will be strapped to the main 10-inch and 6-inch lines by means of piggyback blocks. The water depth along the pipeline route varies from 36 m to 80 m.

October - GSP Training Center announces the start, in November, of the courses in the maritime domain, in partnership with GL Academy. The maritime management seminaries are scheduled for November.

The new training offer is addressed to the shipping and crewing agencies, to the companies who are providing services for the offshore industry, to the shipyards, to other companies and organizations that are working in the naval domain. All courses are GL certified.

October – GSP completes the subsea pipeline installation works at Galata Platform, Melrose Resources being their beneficiary.

GSP Bigfoot 1 has completed the installation of the 10-in and 6-in pipeline at Galata Platform, these connecting the Kavarna -2 and Kaliakra -2 subsea wellheads to Galata Platform. GSP Bigfoot 3, the 300 men offshore works and heavy lift technical vessel, continues the pipelines connection and testing operations. The vessel is assisted by GSP Queen and Amber II. October - GSP Jupiter operates on the Romanian Black Sea continental shelf under a new contract with Petrom OMV. GSP Orion, the PSV (supply vessel) classified under DnV (Det Norske Veritas) register, + 1A1, DnV +1A1 Supply vessel OILREC SF EO DINAPOS-AUT, will perform offshore supply services for MODU GSP Jupiter.

October – GSP Bigfoot 1 operates under the DLS Project, on the Black Sea’s Russian continental shelf. The technical vessel returned in the Russian national waters to carry out the works for the final stage of DLS (Dzhubga – Lazarevskoye – Sochi) Project. 95% of the underwater pipelaying operations have been completed so far in the north west of the Black Sea. Besides GSP Bigfoot 1, GSP Prince, GSP Vega, GSP Phoenix have been mobilized for these operations.

November – Grup Servicii Petroliere is the only Romanian company attending the ADIPEC 2010. Over 15.000 companies from 60 countries attended this edition of the event.

November – GSP 31, the self contained modular drilling rig is loaded onboard the semisubmersible barge GSP Bigfoot 2 and transported towards the Akcakoca platform in order to start the drilling campaign. GSP 31 has passed through a technical revision and modernization program in the Midia Nord GSP Base.

During the drilling campaign, the drilling rig shall be assisted by the GSP Bigfoot 3 technical vessel and by GSP Queen and GSP Licorn.

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November – a new edition of the CADET program is launched in Constanta and Ploiesti academic centres. The GSP representatives have presented the advantages of this training program in front of the students from the Ploiesti Oil and Gas University and to those from Mircea cel Batran Naval Academy, Ovidius University and Constanta Maritime University, from the faculties of mechanical, industrial and naval engineering; civil constructions and hydro-technical constructions, hydraulics, oil-field equipments, well drilling, geodesy, electronics, automatics, economics, foreign languages (Turkish, Russian, German). Further to these events, over 300 students having submitted their Intention Letters are currently under selection in order to participate to the program.

November – GSP completes the operation of installing GSP 31 on the Akcakoca platform. The operation is a premiere, the drilling rig being lifted and fixed on the fixed platform’s upper deck in one piece. The lifting and

installation were performed by the GSP Neptun heavy lift floating crane.

December – GSP Orion successfully completes the fourth exercise of intervention in case of hydrocarbons accidental spill in the Black Sea. The application is included in the EMSA calendar and contributes to the evaluation of personnel and equipments, to the good preparation for interventions in real situations of ecological accident.

December – GSP Saturn starts the drilling campaign in Prinos and Epsilon perimeters, in the Greek territorial waters, Energean Oil & Gas S.A. being the beneficiary. The rig shall operate also in the Kavala South perimeter, where the reservoir is going to be transformed in the first natural gas storage facility in Greece.

December – GSP and Mircea cel Batran Naval Academy sign, on December 8th, a collaboration protocol having as main objectives the development of education, of scientific research, of the Academy’s material base and the promotion of seamen’s traditions.

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The self contained drilling rig GSP 31 is installed on the Akcakoca platform

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Drilling Report The world economy willl continue to rely for many decades on the fossil fuel reserves.

GSP responsibly carries out its drilling activities to sustain the economical development potential in the region in order to answer the growing energy demands. GSP’s commercial activity brings to level the economic balance in the region by accessing new markets, by widening the range of services, through the extension of the range of staff competencies.

GSP Saturn drills for Energean Oil & Gas Based on a long term development plan, the client company, Energean Oil & Gas, the only operator in the oil and gas field in Greece, focuses its efforts to develop production in Prinos perimeter, based on the modeling conducted by the team of geologists. According to the program, GSP Saturn shall perform a program estimated to be carried out in 35 days at the Platform A. After its completion, GSP Saturn shall perform well interventions in the Epsilon perimeter in order to optimize the production. The client company aims to reach its production target of 5,000 bbls / day at the conclusion of the well intervention program and the completion of the new wells according to the contractual terms. In 2009, Energean Oil & Gas completed two wells in Gulf of Kavala, registering production from the Prinos North and Episilon reserves, which led to the increase of the internal production from 1,000 bbls / day in 2008 to 5,000 bbls / day.

Energean Oil & Gas estimates a registered production of 1 million barrels in 2010 and a 50% production figures increase in 2011.

GSP Saturn started the drilling program on December 4, according to the activities schedule designed by the client. The costs of the ongoing drilling campaign were estimated at US 20 million dollars.

At the completion of the activities according to the contract, GSP Saturn will drill new wells in Kavala South, within the subsea reserve conversion program: this will become the first gas storage facility in Greece.

Mathios Rigas, Chairman and Chief

Executive Officer of Energean Oil & Gas said: “We shall continue with our development program, with new drilling operations in Greece and Egypt. Despite the difficulties with which the Greek economy confronts, Energean Oil & Gas will continue its planned investments in order to sustain the continuous growth of the company and to ensure the sustainability of the local economy and efficient exploitation of the national natural resources. In order to do this, we start this program with a clear vision, hoping for a healthier economic environment in 2011, expecting to increase productivity to that Energean will steadily develop in both countries where the company operates.�

GSP Saturn shall contribute to the increase of the Greek internal oil production by drilling new wells in the Aegean Sea. Onboard the mobile offshore drilling rig the drilling activities have begun according to the program designed by the client, in presence of a delegation including members of the Greek Government.

Deputy Minister Mr. Ioannis Maniatis, in a statement during the drilling program

GSP Saturn started the drilling program on December 4, according to the activities schedule designed by the client. The costs of the ongoing drilling campaign were estimated at US 20 million dollars.

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inauguration, said: “We are delighted to inaugurate the new drilling program of Energean Oil and Gas, which continues to take a longterm view in its investments, and has trust and confidence in Kavala.

With the continued growth momentum, Energean Oil & Gas remains a key stakeholder in the area and creates a point of reference in the domestic business environment.”

GSP 31 started the well completion and drilling program in Akcakoca perimeter

GSP Bigfoot 2 heading to Akcakoca platform with GSP 31 onboard

The modular drilling rig was carried aboard GSP Bigfoot 2, the semisubmersible barge, and installed on the Akcakoca fixed drilling and production platform in one piece, with the support of the heavy lift crane barge GSP Neptun.

This phase closes a turn – key project conducted along several stages by GSP. The Akcakoca project has already undergone two development stages, now entering the third with the commencement of the drilling program.

The turn – key project included: The drilling campaign resulting in two wells, with GSP Prometeu; The fabrication, transportation and installation onsite of the jacket that supports the conductors of six wells;

The fabrication, equipment endowment, transportation and installation of the two decks platform; The initiation of the completion campaign of the two existing wells and the drilling of the new ones, with the support of GSP 31.

GSP 31 has undergone an extended technical inspection program under the supervision of the classification society (DnV). The GSP Midia North operational base hosted the entire review and classification program. The modular drilling rig was afterwards assembled and comprehensive tests were carried out on all the equipment.

The transportation of the modular self contained drilling rig was performed by GSP Bigfoot 2, the semi – submersible barge. The heavy lift floating crane GSP Neptun performed both the load out operation onboard the barge and the rig’s installation on the superior deck of the Akcakoca platform.

During the drilling contract, the self contained modular drilling rig is assisted by GSP Bigfoot 3, work and accommodation barge supplying the rig’s utilities. GSP Queen and GSP Licorn are employed to assist the drilling rig, providing anchor handling for GSP Bigfoot 3, supply and crew change.

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GSP Neptun istalls the self contained drilling rig GSP 31 on the Akcakoca platform

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Offshore construction Year 2010 represented for GSP the execution of three major offshore construction projects. These are: the development project of the natural gas field from the Akcakoca perimeter, western Black Sea, on the continental shelf of Turkey; the development project of Galata platform on the Bulgarian continental shelf to the Black Sea; the subsea pipeline installation project in the Dzhubga–Lazarevskoye–Sochi region, on the continental shelf of Russia. These projects have contributed to GSP’s confirmation as the market leader in the domain of offshore constructions, fabrication, and installation in the Black Sea’s region. The value of these projects carried out during year 2010 reaches 400 million USD.

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C-Master These projects had represented: Over 179 kilometres of subsea pipeline installed.

The fabrication and installation of the highest steel jacket and of the greatest drilling and production platform in the Black Sea. The installation of a subsea wellhead, a first timer in the Black Sea’s region.

The mobilization of five technical vessels: GSP Bigfoot 1, GSP Bigfoot 2, GSP Bigfoot 3, GSP Neptun and C-Master.

Four ROV’s mobilized for the inspection and assistance activities during the subsea works.

Divers works at depths between 35 and 100 meters and the mobilization of a 12 man saturation diving equipment, for the activities of dismantling, namely installation of subsea constructions.

The mobilization of a fleet of vessels specialized in the activities of subsea inspection, supply, crew change, and anchor handling works: GSP Queen, GSP Prince, GSP Phoenix, GSP Licorn, GSP Lyra, GSP Orion, GSP Vega, Amber II, Agat, P4, Aran, Boa Magnitor.

The mobilization, in GSP Shipyard, of a professional body of over 200 people for engineering and fabrication activities, to which 50 project management specialists

were added.

The mobilization for the offshore installation works of up to 350 specialists for each operation, operational and maritime crews.

BRIEF: Offshore constructions projects GSP has proven the capacity to develop innovative solutions to meet the challenges specific to each project; the results obtained reaching the level of the most exigent contractual requirements.

The three offshore constructions projects carried out in 2010 included the complete range of offshore constructions services from the GSP offer: • The fabrication and installation of offshore constructions – jackets, platforms; • The commissioning, maintenance, dismantling of offshore constructions; The installation of subsea pipelines.

• The installation of subsea structures.

THE DLS Project, Black Sea, Russian Federation GSP, as general contractor for the offshore works within the Dzhubga– Lazarevskoye–Sochi Project, has carried out until now the installation of 149.5 kilometres out of the 159.5 kilometres of the subsea pipeline (from the entire project’s length of 177 km), welding, NDT,

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inspection and logistics.

The pipeline has the transport capacity of 3.8 billion m2 of natural gas annually. This project’s Beneficiary is Gazprom.

The second development stage of the Akcakoca gas field, Black Sea, Turkey GSP has executed for TPAO a complex offshore constructions project, which comprised: the installation of approximately 7 kilometres of subsea pipeline having the diameter of 12” and its connection to the existing pipeline, the fabrication of jacket and twodecked topside, the endowment and the commissioning, the project management.

The offshore construction is located at a water depth of 95 meters. The jacket having the height of 101 meters supports the two decks of the greatest fixed drilling and production platform from the Black Sea.

The Galata platform, Black Sea, Bulgaria GSP is the general contractor for the project which comprised the services

of designing, procurement, fabrication and installation of the two subsea pipelines: one of 6” having the length of 8.5 kilometres from the Galata platform to the subsea wellhead of Kavarna 2 well, the second having the diameter of 10” and the length of 14.5 kilometres from the Galata platform to the subsea wellhead of Kaliakra 2 well, at the water depth of 80 meters. The beneficiary of the works carried out by GSP within the development project of Galata platform is Melrose Resources.

The works were carried out at a very high level of quality, as safe as possible.

This arises also from the messages transmitted by the beneficiaries of services.

Melrose Resources transmitted the following message at the works’ completion: “This letter expresses the entire satisfaction for the manner in which Grup Servicii Petroliere had performed the installation activities. Melrose Resources SARL awarded to GSP the contract for the designing, procurement, fabrication,

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GSP Neptun installing the steel jacket fabricated in GSP Shipyard on the location in Akcakoca perimeter

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transport, installation and testing of subsea pipelines of 8.5 kilometres and 6” from the Galata platform to the Kavarna 2 wellhead, respectively 14.5 kilometres and 10” from the Galata platform to Kaliakra 2 subsea wellhead, together with the 1” piggy back lines for the transport of liquids. The pipelines were installed at water depths between 36 and 80 meters. The contract was awarded to the general contractor in October 2009 and the works were concluded in October 2010. GSP has qualified personnel and last generation equipment. The general contractor acquitted its entire contractual obligations. We highly recommend Grup Servicii Petroliere and we intend to continue the collaboration with the company in the future”

TPAO:

“Further to the international bid organized by TPAO, the contract for the engineering, procurement, fabrication and installation of the drilling/production platform from the Akcakoca perimeter, for the second development stage of the natural gas field, was awarded to Grup Servicii Petroliere on September 25th, 2008. The contract stipulated works of detailed design, procurement, construction, transport, installation of the offshore construction, and the commissioning of a fixed four-legged platform and of a subsea pipeline of 7 kilometres and 12”. The two-decked platform is designed to support 6 conductors, being installed at a sea water depth of 95 meters. The platform’s first level is endowed with specific equipments of remote control and command for the production of natural gas, testing, separators, and the second one is designed to support one modular drilling installation. The subsea pipeline makes the connection between the fixed drilling and production platform and the existing pipeline at a water depth of 55 meters. GSP concluded all the mechanical works foreseen in the contract, on September 21st, 2010”.

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Partnership between Grup Servicii Petroliere and the Naval Academy „Mircea cel Bătrân“

The signing ceremony of the GSP – ANMB Partnership agreement

On December 8, at the ceremony hosted by the Naval Academy „Mircea cel Bătrân“ (ANMB), Fanel Hahui, CEO of GSP and the Superintendant (Rector) of the „Mircea cel Bătrân“ Naval Academy Captain (N) Professor Engineer - Vergil Chitac PhD, have signed a partnership agreement.

The Naval Academy „Mircea cel Bătrân“ held on December 8 the ceremony during which it was handed over the assessment certificate issued by ARACIS – The Romanian Agency for the Higher Education Quality Management.

According to the ANMB representatives, the academy has gone through all the stages of the external quality assessment at institutional level as well as for the undergraduate and master studies, at the end of the way the process being completed by the visit of the experts from ARACIS in November.

Following the evaluation, ANMB has received the document which certifies the Naval Academy qualifies the „high degree of trust“ and the accreditation,

reaccreditation of the nine university programs, six undergraduate curricula and three master programs.

During the same ceremony the representatives of Grup Servicii Petroliere and ANMB have signed a partnership agreement having as main objectives the development of education, of the research activity, of the material base of ANMB and the promotion of the sailing traditions. Currently, the Naval Academy courses are followed by approximately 1800 students, about 250 of them attending the studies of the Navy Faculty.

The event was attended by students, professors, current and former Superintendants, representatives of the shipping and crewing agencies, rectors from the other universities in Constanta.

The certificate was handed over by the ARACIS Chairman, professor Ion Curtu Ph.D. to the Superintendant (Rector) of the „Mircea cel Bătrân“ Naval Academy Captain (N) Professor Engineer - Vergil Chitac PhD. Among the presidium members there were also Fanel Hahui, CEO of Grup Servicii Petroliere, ARACIS Vice-President, professor Adrian Miroiu Ph.D., the Chief of Naval Staff, Rear Admiral Aurel POPA, Ph.D..

The Chief of Naval Staff, Rear Admiral Aurel POPA, Ph.D. has declared during the ceremony: „The external evaluation process conducted at the Naval Academy Mircea cel Bătrân, the most important, the flagship institution of higher education of the Romanian naval forces, appeared as a necessity of alignment to the common objectives of the European Union and NATO and led to a major qualitative leap in this institution in regards of the educational curriculum.

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At its 14th decade of existence, the „Mircea cel Bătrân“ Naval Academy occupies a special place in the Romanian academic environment, being the only higher education institution in the country where the navy officers are formed together with merchant marine engineers and the engineers for shipping and port management.“ In 2008, the „Mircea cel Bătrân“ Naval Academy command staff and senate decided to invite ARACIS to assess the existing undergraduate studies curricula in order to maintain their accreditation; in parallel, the external assessment followed the accreditation objective for the master’s studies. „This intense activity was conducted during 2009 resulting in the accreditation of six undergraduate programs and three new master’s curricula. Our educational offer contains today a nine programs portfolio, both major’s and master’s degrees for the navy and merchant marine studies“, declared the rector of ANMB. The second phase of the assessment program took place in November 2009, when the Naval Academy received the visit of the ARACIS expert assessors’ team for the external institutional assessment.

Following the evaluation process, the Naval Academy has got the „high degree of trust“ certification, the six undergraduate and three master’s degree programs being reaccredited or accredited.

The GSP – ANMB Partnership The second part of the ceremony held on December 8 within the Naval Academy Mircea cel Bătrân was dedicated to the signing of the partnership agreement between GSP and ANMB. The Superintendant (Rector) of the „Mircea cel Bătrân“ Naval Academy Captain (N) Professor Engineer - Vergil Chitac PhD presented the statement of reasons that conducted to the initiation of the agreement: „In terms of energy resources, the Black

Accreditation The Naval Academy Mircea cel Bătrân is an accredited higher education institution. It is subject to the periodic assessment performed by the Romanian Agency for the Higher Education Quality Management – ARACIS, whose standards are aligned to the European standards.

A. Departments and specializations accredited according with H.G. no. 749/200 University studies with license (4 years) (According to Law no. 288/2004 regarding the organization of university studies) Navy Faculty - daily courses Department: Naval Engineering and Navigation Specialization: Navigation, Hydrography and Naval Equipments Specialization: Naval Electromechanical Merchant Marine Faculty – daily courses andreduced frequency learning Department: Naval Engineering and Navigation Specialization: Navigation, Maritime and River Shipping Specialization: Naval Electromechanical Department: Electrical Engineering Specialization: -Electromechanical Department: Engineering and Management Specialization: Engineering and Shipping and Port Management B. University Education according to Education Law no. 84/1995, republished University studies with license (6 years) - last series Merchant Marine Faculty - reduced frequency learning Specialization: 1. Navigation and Maritime Shipping 2. Electromechanical 3. Harbour Operations C. University Master Studies According to Ministerial Order MECI, no. 4666/2009 Merchant Marine Faculty – daily courses Department: Naval Engineering and Navigation Specialization: 1. Nautical Sciences (3 semesters - 90 credits) 2. Naval Electromechanical Systems (3 semesters - 90 credits) Department: Engineering and Management Specialization: Engineering and Shipping and Port Management (3 semesters -90 credits)

Sea region is the main traffic area and at a large extent, a source for the energy consumed in Europe, in a time when the energy projections foresee a substantial increase in its share in the region. Based on current assumptions as well as the perspective as they are exhibited at national and international levels and

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from the continuous modernization and adaptation needs of the university education to the socio – economic development requirements, both at regional and national levels, and realizing the importance of the inter – institutional collaboration between universities and the economical environment in order to guarantee a more efficient recovery and employment of the human and material resources, the two partners have agreed by signing the document to join their forces in a partnership project covering several areas with distinct activities.

A brief overview of the partnership agreement includes the following areas of cooperation between partners: education, scientific research, the development of the technical base and the promotion of the sailing traditions. Regarding the educational process, the agreement aims to boost the training and the professional development of the students in the Merchant Marine Faculty based on GSP’s proposals, the justification and the conduct of courses or training modules through the ANMB’s department of life – long education and technological transfer with clear addressability for the drilling rigs’ personnel as well as for the naval supply and intervention services: this will create opportunities to promote new programs of study for major and master’s degrees that will better face the specific aspects of the merchant marine engineering. The scientific research aspects envisaged by the agreement aim to identify the research needs in relation with GSP’s activities and the promotion within the Scientific Board of the Naval Academy of research programs together with the collaboration in the field of attracting structural funds.

In regards of the development of the technical base, the agreement takes into consideration the collaboration in order to establish a simulation training center which will cover the needs of the offshore industry and the development of specialized laboratories. The promotion of the sailing traditions takes into consideration the establishment of the

sailing training center at Palazu Mare training base as well as the establishment of a sports training center for both initiation and performance training for the nautical sports.“ Fanel Hahui, Chief Executive Officer of Grup Servicii Petroliere said: „I take this opportunity to congratulate you for the certification you have received, this document crowning the remarkable efforts of the teachers and students in the naval Academy. We, GSP, feel honored to sign this partnership agreement. The document we will sign today is an expression of GSP’s strategic development pursuit.

GSP’s development and investment program harmoniously integrates the general development trends of the oil and gas offshore industry and the technological advancement. We are conducting our business starting from the in-depth approach of the general industry trends and all resources’ employment.

The partnership agreement we sign together with the Naval Academy Mircea cel Bătrân proves again that we work to bring to life a rational and realistic model of regional development to ensure the welfare of the future generations, and this means as well the mobilization of the academic capital in our strict vicinity.

It is a constant challenge for us to develop in order to meet the energy demands both of the present days and the short and medium term future. We’ll continue to promote a strong professional culture built on excellence criteria. The partnership agreement to be signed today gives us the assurance that GSP will soon be able to select highly specialized personnel for the niche areas, involving the use and the constant improvement of work technologies – for the subsea robotics, to come with only one example, and we shall not stop here.

For the following projects, GSP aims to highlight the Romanian engineering school through this partnership. We have the intent of bringing into the spotlight the local engineering resources we overlooked in the past. We shall collaborate with the Naval

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Academy Mircea cel Bătrân and share the glory of our economic successes with the new partners. We shall contribute together to the future economic successes.

We are a company that won the regional leading position. And I show no lack of modesty by saying so as I repeat this, as large companies, both national and international oil and gas industry players, have recognized our top position.

In 2010, in just a few months, we created from zero a shipyard in order to carry out an offshore construction project for TPAO, the Turkish National Oil and Gas Company, at the end of an international tender which concluded with GSP being awarded the contract; and I must add the tender competition was a close race for many leading multinational companies, this being only one example of our determination. We brought in Romania the first saturation diving system operating

at the maximum depth of 300 msw, with a 12 man maximum capacity and we mobilize this system to carry out economic activities. Well, all these things happen in Romania during the economic crisis and all GSP’s assets the company employs were created in five years! We started in 2004 from zero.

Our main activity was that of offshore drilling, we being practically the heirs of a 30 years long experience in the field, a valuable experience on the international market, and I must say an internationally recognized one. Currently the drilling activity onboard the rig is completely automated. The entire drilling equipment is a robotic one and the service is supplied via satellite. We have reached this level in five years, here in Romania, making this possible by reinvesting our profit in latest generation, cutting edge technologies.“

„MIRCEA CEL Bătrân“ NAVAL ACADEMY`s RECTOR MESSAGE ADDRESSED TO GRUP SERVICII PETROLIERE ON SIGNING THE PARTNERSHIP AGREEMENT The 8th of December represents the birthday of a regional marine premiere: education and research adjoined and the marine and energy industry in a logical and continuous flow. The two parteners, the „Mircea cel Bătrân“ Naval Academy and Grup Servicii Petroliere that have joined forces will benefit of each other`s high level expertise.

The strategic orientation of the „Mircea cel Bătrân“ Naval Academy towards cooperation projects and partnerships developed with the promoters of progress in the marine and energy industry is a crucial direction to improving the quality of teaching and research with practical application in pioneering fields in Romania.

The requirements for the Black Sea`s energy resource exploitation will impose the Academy to focus its experience towards the education and the training of specialists with higher technical and managerial skills applied throughout their entire career in this leading industry.

Meanwhile, Grup Servicii Petroliere will be not only the beneficiary, but our guide regarding the curricula and research projects arising from this partnership. Thus, the flow of education and technology transfer will be closed in a cycle that will self-improve continuously.

This partnership shall give the necessary impetus to the marine and energy industry, developed over decades by countries with tradition, to become an effective economic sector and shall leas to Romania’s development.

I wish for a long and fruitful cooperation between the „Mircea cel Bătrân“ Naval Academy and Grup Servicii Petroliere. Vivat, Crescat, Floreat!

Superintendant (Rector) of the „Mircea cel Bătrân“ Naval Academy

Captain (N) Professor Engineer - Vergil Chitac PhD

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GSP has signed a partnership agreement with the Naval Academy Mircea cel Bătrân Dragos Teodorescu, Master of the Ship, the Manager of GSP Training Center: „The invitation I received to speak at this ceremony as representative of the Naval Academy graduates’ representative honors me.“

Dragoş Teodorescu and the team he coordinates at GSP Training Center

The ceremony organized by the Naval Academy Mircea cel Bătrân on the occasion of receiving the certificate stating the higher education institution enjoys a „high degree of trust“ and the signing of the partnership agreement between GSP and ANMB allowed us to find a colleague among the speakers, Dragos Teodorescu, the Manager of GSP Training Center.

The Master of the Ship Dragos Teodorescu, the Manager of GSP Training Center, graduated the Naval Academy Mircea cel Bătrân, class 1999, the Merchant Marine Faculty, Naval Engineering and Navigation, becoming

already at 29 years old Master of the Ship. He sailed as officer and then Master onboard vessels operated by Germany and Belgium registered companies.

In 2003 he also graduated Master’s studies, specializing in Optimization of the Naval Transport. He afterwards collaborated with the department of Naval Architecture, Port and Shipping Management as lecturer for four years. „The invitation I received to speak at this ceremony as representative of the Academy graduates honors me,“ said Dragos Teodorescu, then he continued: „Having received from ARACIS, The Romanian Agency for the Higher Education Quality Management, the document certifying „the high degree of trust“ the university enjoys, confirms once more, if needed, the fact that I have made the right step by choosing to attend the Merchant Marine Faculty, Navigation section within ANMB. ARACIS, in its necessary approach, both ambitious and objective, certifies the higher education institutions in Romania and may be compared in its guiding function with the North Star especially by us, the graduates of a Naval Academy. The criteria at the basis of the assessment process have the role of putting value at the right place, in the right light.. Or the value of the higher education is crucial for the society, for the people it produces. During its 138 years of existence, the Naval Academy has produced leaders: people able to face

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the changing seas remaining balanced, set on their goals. It became necessary to have an institution to certify the efforts of creating quality both in educational and social level, through the mobilization of some real guiding power of a series of social models. ARACIS has done this necessary act and we all have reasons to be happy today. There are power effects in leading people, commanding a vessel, succeeding in business, of the government we understand in its broader sense than the political one, which we understand as a strategic force field of the power relations, in their perfectible, mobile, transforming essence. We understand it this way as we are graduates of a school sowing itself constantly a transformable, a perfectible one. „For me“, Dragos Teodorescu continues, „the Naval Academy represents, more than anything, the space where I could completely understand my possibilities

and limitations. The Naval Academy is a space of self – knowledge and, as a consequence, of self – improvement.

I am one of those who can declare to be happy to have had the chance of practicing the profession for which they have prepared in school. After graduation, I worked on board of different types of vessels as deck officer and, afterwards, Master of the Ship.

Following the exams in Belgium and England, I also have obtained the port pilot licenses for a series of ports in the aforementioned countries.

We have all the reasons to congratulate the architects of this success, we have all the reasons to congratulate ourselves for the wisdom we proved by choosing the right university. We too have reasons to be confident that we’ll see positive changes in the community, changes generated by the graduates of the Naval Academy Mircea cel Bătrân“, concluded Dragos Teodorescu.

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Dragoş Teodorescu, the manager of GSP Training Center, speaking on ANMB’s ceremony

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Gabriel Comănescu interview for Gazprom magazine

The Dzhubga–Lazarevskoye–Sochi (DLS) pipeline project is included in the Program approved by the Government of the Russian Federation for construction of olimpic facilities and the development of the Mountain climatic resort Sochi. The Russian company Gazprom is the beneficiary of the gas transportation pipeline, out of which.

With a total length of 177 km out of which an offshore section of 159,5 km, the DLS gas pipeline is installed on the seabed, along the shoreline (at a distance of approximately 4.5 km) having as final point the gas distribution facility in Kudapesta, in the vicinity of Sochi. As this project is one of strategical importance for the economical development of the Sochi region, Gabriel Comanescu, President of Upetrom Group, was invited to answer a series of questions addressed by the Gazprom corporate magazine editor. This interview was published in the December issue in the partner’s section. We present the interview here:

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Mr. Gabriel Comanescu, the President of Upetrom Group, answered the questions asked by our journal.

Mr. Comanescu, Upetrom Group was established in 1991. What are the companies that currently make up your corporation? What is their activity profile?

Upetrom Group is made up of two major companies: Grup Servicii Petroliere (GSP) and Upetrom - 1 Mai. GSP is specialized in areas such as offshore construction, offshore drilling, offshore transport, hydro-technical engineering, well intervention services, subsea engineering inspection (using remotely operated vehicles – ROVs and SAT diving equipment), as well as design and training.

„UPETROM - 1 MAI“ factory Upetrom - 1 Mai SA covers the segment of oil and gas industry equipment production. Gazprom itself carries out drilling operations in the region of the Arctic Circle, at temperatures below 50 degrees Celsius, using many rigs produced by us.

Besides GSP and Upetrom – 1 Mai, Upetrom Group also includes ZAO “Burmashneftegaz” (Russia), Navymar (Cyprus, United Arab Emirates), Euroned Engineering (Netherlands), Upetrom Trading & Engineering (Romania), Worldwide Offshore

I would also like to point out that at present Upetrom - May 1 supplies to Gazprom Roughneck Iron equipment and control stations VFD for F320 and F400 rigs, as well as spare parts for previously delivered drilling rigs.

Solutions - WOS (Netherlands).

When did the cooperation between Upetrom Group and Gazprom begin?

Well, perhaps, we should go back to the ‘60’s of the last century, when the oil and gas equipment produced by the Upetrom - 1 Mai were first delivered to the Soviet Union. Over the past more than four decades there were hundreds of such deliveries. Much of this technology is now operated by companies belonging to Gazprom Group. Especially the rigs performing deepwater drilling, such as F500 DEC, were among the best rated by the specialists of Gazprom.

In this respect I would also like to point out that at present Upetrom - May 1 supplies to Gazprom Roughneck Iron equipment and control stations VFD for F320 and F400 rigs, as well as spare parts for previously delivered drilling rigs.

The company GSP was established in 2004. What are the projects carried out for the past six years that you would mention as most noteworthy?

Five years ago, GSP had only 200 employees and operated six offshore drilling rigs. Today it employs more than 1.5 thousand people, owns and operates five offshore jack-up rigs, one modular drilling rig, ten multi-task vessels, three barges (pipe-laying crane barge, heavy lift submersible barge, as well as accommodation and working barges), two offshore cranes (one of which has a power of 1.8 tons). It also uses ROVs and SAT diving devices. Most of these rigs, by their parameters, are unique in the Black Sea.

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GSP prince

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platforma Akcakoca

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TIME - OUR MAIN ENEMY I can mention a few interesting offshore projects implemented by our company under EPIC conditions (engineering, procurement, installation, construction).

In particular, there are the works in Akcakoca field on the Turkish Black Sea continental shelf. The beneficiary of this project in amount of USD 100 million is the Turkish National Oil Company - TPAO. The beneficiary of another project that we performed, in amount of approximately USD 50 million, was the British company Melrose Resources.

The project was implemented in the Bulgarian section of the Black Sea, in Galata field, where it was envisaged to convert the Galata field into a gas storage area. The GSP company was the general contractor for the engineering, procurement, manufacturing, transportation, installation and testing of two pipelines.

As for drilling projects, I would mention briefly the following: from 2004 to 2005 - directional drilling in Salmanand Esfandihar, in the Persian Gulf, the beneficiary - the Iranian company PEDCO. In 2006, offshore drilling works were performed on the continental shelf of Turkey - for oil reserves development, the beneficiary - TPAO. To this I would also add the exploration drilling on the Black Sea oilfield Doina (Romania) at the beginning of 2008 – for Sterling Resources.

The beneficiary of another project, in amount of approximately USD 50 million, was the British company Melrose Resources. The GSP company was the general contractor for the engineering, procurement, manufacturing, trans­portation, installation and testing of two pipelines.

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GSP vega Certainly, one of our biggest projects was the construction of Dzhubga Lazarevskoye - Sochi gas pipeline, in 2010, for Gazprom; the total length of the pipeline is 177 km, of which 159 km is part of the offshore section.

What seemed to you most difficult during the execution of this project?

Our main enemy was time, because the beneficiary set a very tight deadlines.

Let us not forget that we signed the contract on 19 November 2009 and by 1 July 2010 150 km of offshore gas pipeline were already laid on the Black Sea bed. We only had 60 days for design and 50 days to mobilize and get the necessary permits, but GSP

successfully accomplished this task.

The key works for the pipeline construction were performed by pipe-laying barge C-Master that GSP leased. How do you appreciate the operation of this vessel? Does GSP plan the construction or purchase of a similar vessel?

As I mentioned before, according to the works schedule, the construction of the gas pipeline Dzhubga-LazarevskoyeSochi had to be performed in a very short period of time, and our pipelay vessel GSP Big Foot 1 at that time was actively involved in another project in Akcakoca field. Therefore, in the first stage of the project, we rented the vessel C-Master. I should

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mention that the costs related to the lease of C-Master, were high because it had to be delivered from Dubai, and the process of mobilization and demobilization required enormous financial resources.

Black Sea Princes This factor, as well as the effective operation of C-Master proved that the Black Sea region needs a vessel of this type.

Based on this, next year GSP will begin the construction project of GSP Titan designed for heavy lift operations, as well as for laying subsea pipelines in deep waters.

A significant part of Gazprom project works was carried out by GSP BigFoot 1 and GSP Prince vessels. Tell us more about them.

Indeed, GSP Big Foot 1 was used

during the most difficult stage of the project – that of pipelaying in shallow water, works for pipe extension and a quick trenching for the pipeline.

The construction of this pipelaying barge began in 2009 at the new shipyard of GSP in Agigea-Constanta and at the end of March 2010 the vessel was ready for the first operation.

The vessel is equipped with a heavy lift crane (400 tons), landing site for Sikorsky S92 and S61-N helicopters, with built-in fuel supply. Like C-Master, it is also equipped with a dynamic positioning system (providing a specific position of the vessel or its transfer to the selected rout under the action of external forces such as sea waves, wind and currents), which allows it to continually adjust its position relative to the pipeline. GSP Big Foot 1 is ABS classified 208 men barge. After the

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upgrade, which began in December 2010, the barge GSP Big Foot 1can be used for laying subsea pipelines of the maximum diameter of 48 inches at depths up to 300 m. GSP Prince is the most modern research vessel of OSCV and DSV / RO type (providing diving and subsea exploration and technical works) in the Black Sea. Built in 2009 in Norway, it can operate in extreme weather conditions.

GSP Prince is designed to perform works such as subsea inspections of pipelines or cable and pipeline routes using the ROV, as well as seabed mapping, subsea installation works, and technical support for the divers during the subsea repair works. GSP Prince can also operate as a support vessel for subsea robots and carry out geotechnical investigations.

Is GSP working in the Black Sea and the Mediterranean Sea? Are you planning to expand its geographical presence?

I would like to point out that our company carries out activities in the Black and Mediterranean Seas, as well as in the Persian Gulf.

EXPANDING HORIZONS In the past two years, we decided to invest in the construction of two shipyards on the Black Sea coast and

We also have plans to build in the Caspian Sea a modular drilling barge and jack-up drilling platform. I believe that in the area of Azov Sea is a good place to implement investment projects. But if we refer only to the geographical presence, then GSP may participate in projects anywhere in the world.

we are planning to open a shipyard in the Caspian Sea, as well. This was the reason of my last visit to Astrakhan, where I met the leaders of this region.

We also have plans to build in the Caspian Sea a modular drilling barge and jack-up drilling platform. I believe that in the area of Azov Sea is a good place to implement investment projects.

But if we refer only to the geographical presence, then GSP may participate in projects anywhere in the world.

What do you think about the South Stream?

How do you assess the prospects for this project and the possibility of your participation in it?

From our viewpoint, this project is crucial to Europe gas supply and the

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extension of gas transportation system.

GSP is ready to participate in this project with all the resources available to us.

My last question to you as an expert. After the BP accident in the Gulf of Mexico, will there occur any significant changes in the attitude of the governments and the companies regarding the activity on the shelf?

I have to mention that during the last few years due to changes in standards implementation there has been a significant progress in the area of health, safety and environmental protection during the offshore operations on the shelf. By the end of the 1980’s this kind of severe accidents

were quite common. The catastrophe in the Gulf of Mexico was the result of a chain of unfortunate events and circumstances.

As far as GSP is concerned, we have implemented the highest security standards in this area. In addition, the company operates GSP Orion vessel, fitted with the most modern equipment for the rehabilitation of the environment, as well as GSP King and GSP Queen vessels, designed for firefighting.

Thanks to all these, we have been chosen by the European Maritime Safety Agency to ensure the emergency interventions in the region of Black Sea.

by Nicholay Hrenkov Gazprom No 12.December 2010

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Upetrom 1 Mai produces drilling rigs for Siberia.

The installations operate in extreme weather conditions, at -50°C

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The students of the universities in Constanta take part at CADET Program

Launching of the CADET program, third edition Cristinela Budin, Human Resources Officer, Valeriu Irimioiu and Bogdan Drăgoi, counsellors of the President of GSP’s Board of Administration hosted an event of great interest for the students of technical faculties from Constanta university centre. Guests to the event were Prof.univ.dr.ing. Remus Zagan, Dean of the Faculty of Mechanical, Industrial and Maritime Engineering and Conf. univ. dr. ing. Mihaela-Greti Chiţu.

The hall in which GSP Training Centre hosted the visit of over 100 students proved not to be large enough for the event organized for the launching of the CADET Program, edition 2010 – 2011.

The participation of students in such a large number demonstrates their desire of working for GSP and furthermore, the positive image that the company has managed to build on the labour market

since its founding six years ago.

Constanta’s young people demonstrated great interest in the company’s activity, in the range of services that GSP provides worldwide and also in the opportunities of employment and continuous professional development. The presentation of the company, its operational bases and also main projects was given by Valeriu Irimioiu, a pioneer of Romanian offshore operations, an active witness of offshore drilling early days. He shared with the students his experiences from the time he was the same age as his audience.

Valeriu Irimioiu dedicated an ample room to a general presentation of the professional development programs. „Offshore operations are similar to flying a plane: you can only make a mistake once! We set out with modern drilling rigs at the time these were built.

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GSP continued to modernize them by upgrading its fleet with the latest technology available. The personnel undergoes periodic training programs as it is mandatory to have the guarantee that the personnel and the technology onboard perform at their best, in strict safety conditions. We permanently face the need for highly trained professionals that can meet the complex requirements of offshore operations“, Valeriu Irimioiu said before presenting the training centre and its range of training and professional development courses and also the perspective development of GSP training facilities.

Bogdan Eugeniu Drăgoi insisted on the novelty and highly advanced characteristics of the company ships and briefly presented the investment projects for the further development of GSP’s fleet. Close in age to the students visiting GSP, Bogdan Eugeniu Drăgoi carried out a dynamic and fruitful dialogue. The state-of-the-art equipment, such as the four ROVs and the deep diving equipment generated the highest interest among the participant students.

Professor dr. ing. Remus Zagan, Dean of the Faculty of Mechanical, Industrial and Maritime Engineering accompanied the students to the event and expressed the interest and preoccupation for the career of the students of the Faculty of Mechanical, Industrial and Maritime Engineering, Ovidius University. Remus Zăgan declared: „ One of the roles these meetings have is to inculcate the information that it is only through learning that one can have a real chance to success. The university presents its industrial partners with the opportunity of making themselves known, of providing the students with relevant information that the latter can use in making an informed decision when entering the labour market. Therefore, the students need to be familiar with the labour market requirements in due time. I can say from my personal experience that big companies can influence the

faculties’ curriculum, the students being the direct beneficiaries. They have the opportunity to enter the labour market with up-to-date information, with a theoretical background well-fitted to the economic realities. For example, a course in technical ships can prove an interesting subject for the Faculty of Mechanical, Industrial and Maritime Engineering, and can therefore be included in the curriculum. We are interested in continuously keeping the university studies in close connection with the economic reality. The initiatives of updating and of introducing new subjects that the students really need to graduate in order to meet employers’ requirements are gradually included in the curriculum.

Changes are not easy to make, but time is crucial in training the workforce, and a possibility is to include the new subjects as optional subjects“, said Remus Zagan and continued: „We can talk extensively about the human resources level and quality, and we can talk even more about the general results of the high education.

Our issue is to prepare highly-qualified human resources. Throughout the year, we shall invite representatives of the industrial environment to explain to our students what working for such a company entails“.

Conf. univ. dr. ing. Mihaela-Greti Chiţu briefly presented the initiatives that

We are interested in continuously keeping the university studies in close connection with the economic reality. The initiatives of updating and of introducing new subjects that the students really need to graduate in order to meet employers’ requirements are gradually included in the curriculum.

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Cristinela Budin, Constantin Gheorghe and Valeriu

the Faculty of Mechanical, Industrial and Maritime Engineering has in the field of professional development, the methods of collaboration already established between Ovidius University and representatives of the business environment by means of private scholarships and constant information support. „Thus, by coming close to the economic environment and by having

By coming close to the economic environment and by having business representatives clearly explain to our students the requirements of prospective employers, we can ensure successful careers for our students and graduates.

business representatives clearly explain to our students the requirements of prospective employers, we can ensure successful careers for our students and graduates. Getting employed in highrank companies and the satisfaction our graduates have from doing the profession they have trained for in university is of great interest not only for individuals as such, but also for the University, as a training institution. The action we have attended here today is a special one.

We can contribute to the dissemination of information and we shall do so, as our students need to take advantage of opportunities that the private sector offers. I must say that we are highly pleased that GSP is interested in investing in the professional development of our students.“ Cristinela Budin emphasized that the CADET program also implies the input of internal resources. „What we – GSP - expect, what we care for is that in

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approximately 3-4 years we have young professionals able to take over part of the responsibilities of senior personnel that now have mentorship duties in addition to their other tasks, thus the latter can assume an active role in the CADET program and foster new generations of specialists. Tutorship, professional mentorship serves a multitude of functions: the transfer of operational knowledge, its main function, is equally important to us as the role model position our trainers have. We have carefully selected our trainers and mentors and we assure you that participants to the CADET program shall be selected with the same care and equity. In GSP you will find open-minded seniors that encourage the transfer of information, without holding back or reluctance. These professionals are looking forward to sharing their knowledge with the young

generation. Furthermore, you will meet young managers as the living proof that our company encourages and supports young people willing to fulfil their most ambitious career objectives. „ After the launching of the CADET Program and communicating the calendar of the third edition, the Human Resources Department received over 300 applications from graduates, a proof of their belief in GSP’s ability to provide them with necessary support for becoming professionals in tune with the economic realities. Starting with January 2011, upon completion of the selection stage, part of these graduates will find themselves on the lists of cadets to be employed within GSP departments.

It is easy to talk about the concept of continuous development and not leave the theoretical ambit. We have brought the concept of continuous development among the people, we have helped them understand that it is only through life-long education and by extending the range of quality services that we can maintain our leadership position in the field of offshore integrated services. We have moved beyond the theoretical ambit and have set our specialists out on the journey of increasing their levels of competence, by supporting their development through the implementation of the latest technologies.

The guiding principle was: STUDY, PLAN, ACCOMPLISH, AND ACT. This is the only strategy that can keep us in leading position among the suppliers of integrated services for oil and gas industry, this was the only way we could extend our range of services.

GSP supplied the services required by its customers, at the highest standards of the industry. We have demonstrated the capability of being creative and of developing our range of services in a realistic manner, by closely listening to our customers. And we continue to do so as we intend for GSP to continue being a committed company, with its main objective that of providing sustainable energy to the generations to come.

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In 2004, GSP has started off with 399 employees. Currently the number of employees has reached 1500, 550of whom work on board of offshore drilling platforms, 250 on board of specialized assistance and services vessels operating in hydrocarbons exploitation perimeters, 200 on board of technical vessels specialized in submarine pipelaying , offshore construction, diving support services at great depths.

The human resources policy, along with the investment policy for upgrading development of the fleet, is one of the factors with a decisive contribution to becoming a market leader. Currently, all 1,500 employees of GSP are, in one way or another, supported in the career development individual approach.

GSP takes great interest in supporting its employees’ responsible career development. Young graduates of higher education institutions are, since the company’s foundation, a main preoccupation for the programs training them to become specialists of the oil and gas industry. The training of young professionals is also achieved through the CADET program.

As the GSP offer expanded its services, the number of faculties providing work force is steadily increasing; Constanta University Center is the main provider of young professionals. The Ovidius University, along with „Mircea cel Bătrân“ Naval Academy, University of Petroleum and Gas of Ploiesti and Constanta Maritime University are the providers of higher education workforce for GSP. Th Ovidius University offers our company ambitious specialists, with a solid professional culture. GSP continues Ovidius University`s training, striving to form new generations of professionals and keep them inside the country, therefore their performance is rewarded with international standards salaries for the marine oil and gas industry. Similarly, GSP proves to be an attractive employer for Romanian specialists having worked for foreign companies.

About the CADET program, which aims attracting and training new generations of professionals for offshore oil and gas industry Cristinela Budin, Human Resources Director, says: „GSP’s competitive advantage is reached throughout investments in purchasing the latest equipments, as well as through investments in the development of our employees.

This proactive development of our personnel allows us to successfully cope with future requirements of integrated services for the offshore industry market. For us, competent human

GSP’s competitive advantage is reached throughout investments in purchasing the latest equipments, as well as through investments in the development of our employees.

resources is a factor of economic stability and an unbeatable advantage. That is the reason why our priority is to identify and train young professionals.

It is of great importance to have around young people who, in addition to a solid theoretical knowledge, succeed in gaining the necessary practical experience and ensure the exchange of generations. Our task is to create an optimum environment to facilitate the transfer of knowledge from GSP seniors to GSP young professionals. We have a difficult to assess property that we intend to make use of more than before.

Optimal management of human resources and training process will exert positive effects on the company’s business results.“ The CADET program is a training program for higher education graduates, it is a program based on some clear learning objectives and intermediate assessment sessions. It makes sense to continue and develop programs and projects that have successfully worked. The results so far encourage us. In 2008, GSP has placed 27 graduates of this program in the drilling, shipping, technical and HSE departments. 23 of these continue to work in the company and 19 have been promoted. In 2009 the company has recruited 11 more young professionals for the CADET program for the drilling, technical vessels, shipping and technical departments and 10 of them continue to work for GSP and 7 have been promoted.

In 2010 14 graduates have already been recruited and placed inside the shipping, technical and HSE departments and we consider it is a success that 13 of them continue to work for GSP. From the launching of the latest application submission in November, GSP has already received a total of 300 letters of intent and resumes which have now entered the evaluation and selection process.

After having evaluated the results of the first three years, we decided to lead this program to a new level, along with

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a more rigorous definition of objectives and a better structuring of the training program. It is gratifying that this year`s program addresses a growing number of young graduates whose specialties cover an increasingly wider range: thus, the program addresses the graduates of 2008, 2009 and 2010, from the following faculties: mechanical engineering, industrial and maritime, civil and hydraulic structures, hydraulics, oil equipment, drilling rigs, surveying, electronics, automation, economics, foreign languages (Turkish, Russian, German), student from the „Mircea cel Bătrân“ Naval Academy and from the Maritime University of Constanta. The program gives participants the opportunity to put academic knowledge into practice and to apply the skills necessary for the specialists working in the offshore industry.

It is an advantage for us that we can structure the training program according to the specific needs of the operational departments and beyond.

The program supports GSP`s strategy regarding of attracting and keeping inside the company young people with growth potential , as well as the strategy passing the know-how and skills of the company’s experts to the younger generation. The specialists above mentioned specialists have made it possible for GSP to become in few years a world renowned company in the oil and gas industry „, said Cristinela Budin, HR Director.

GSP continuă demersul de formare început de Universitatea Ovidius şi de celelalte instituţii academice, străduinduse să formeze noile generaţii de specialişti şi să îi păstreze în ţară, performanţele profesionale fiind recompensate printrun nivel de salarizare la nivelul practicilor internaţionale ale industriei marine de petrol şi gaze. În acelaşi fel, GSP se dovedeşte un angajator atractiv şi pentru specialiştii români care până de curând au lucrat pentru companii străine.

The relationship between GSP and the

The CADET program is a training program for higher education graduates, it is a program based on some clear learning objectives and intermediate assessment sessions. It makes sense to continue and develop programs and projects that have successfully worked.

Ovidius University is reflected in the large number of graduates who found the Company to be an optimal environment for their professional development. In fact, the university center of Constanta, the Ovidius University, the Naval Academy and the Maritime University, are the main providers of highly skilled manpower for GSP. GSP continues the training started by the Ovidius University and other academic institutions, striving to form new generations of professionals and to keep them inside the country, therefore their performance is rewarded with international standards salaries for the marine oil and gas industry. Similarly, GSP proves to be an attractive employer for Romanian specialists having worked for foreign companies.

Also, GSP recruits the new generation of managers from the graduates of the Ovidius University, trusting their ability to to highlight the theoretical knowledge acquired during years of study.

Here are just a few examples: Mihai Bratu is the CFO of GSP since 2005. He graduated in 1999 the Faculty of Economical Studies, Ovidius University Stefan Catalin Muntoiu, Chief Hydrotechnical Construction, graduated the Faculty of economic Engineering.

Bogdan Eugeniu Dragoi, advisor of the Chairman of the GSP`s Board Of Directors, graduated in 2007 the Faculty of Mechanical, Industrial and Marine Engineering of the Ovidius University A very important aspect that we wish to emphasize in addition to the above examples is that many middle and top management positions as well as many other positions are currently occupied by the Ovidius University`s graduates.

Starting from the fact that GSP is a provider of high quality internationally, with a portfolio of clients including national and multinational companies in the extraction of hydrocarbons and that the Ovidius University graduates now occupy key positions in our company, we can say that this situation is the most solid proof of the University`s quality of teaching.

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GSP, the sole representative of the Romanian oil and gas industry at 14th edition of ADIPEC The 14th edition of the International Conference and Exhibition of the oil and gas industry (ADIPEC) took place in Abu Dhabi, under the patronage of HH Sheikh Khalifa Bin Zayed Al Nayan, President of the United Arab Emirates.

The Society of Petroleum Engineers (SPE) was the organizer and coordinator of the 2010 conference and exhibition.

The event offers the specialists and the companies working in this field the opportunity to make their contribution to the largest event in this region, an event that aims is to provide a platform to promote knowledge sharing and best practices transfer.

The main theme of ADIPEC 2010 was „Delivering Energy in the Low Carbon Era: Challenges and Opportunities“ GSP experts have expected the event visitors at stand no. 04040, where they have presented the most recent projects, the full range of advanced services and

GSP`s stand was visited by more than 200 representatives of the oil industry, especially from the Persian Gulf area and Black Sea, Mediterranean Sea, Caspian Sea and Azov Sea. They have expressed their interest in future collaborations with GSP in projects covering the full range of services that our company offers.

solutions the company provides in order to meet the specific needs of oil and gas industry.

GSP`s stand was visited by more than 200 representatives of the oil industry, especially from the Persian Gulf area and Black Sea, Mediterranean Sea, Caspian Sea and Azov Sea. They have expressed their interest in future collaborations with GSP in projects covering the full range of services that our company offers. Our investment program for new vessels construction and latest equipment acquisition, along with our training and professional development services offer, has once again managed to persuade the public. The company’s client portfolio, national and multinational companies, the large number of successful projects have contributed to GSP`s prestige.

More than 15,000 companies from over 60 countries have attended ADIPEC 2010 was ADIPEC has managed to assemble the impressive number of 38,000 company executives of oil and gas industry and at the end of the first three days the organizers of the exhibition have announced that there have been signed contracts worth 3.2 billion dollars.

The event is one of the top three largest events of the oil and gas industry and this year GSP was the only participating Romanian company.Dictionary - View detailed dictionary

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