Curierul - July 2009

C urierul www.gspdrilling.com july 2009

GSP Orion

Antipollution actions under the European Maritime Safety Agency (EMSA) coordination GSP establishes the first MEDEVAC offshore capacity for the Black Sea oilfields

101 experience years serving the offshore drilling activity Upetrom 1 Mai, producer of equipments for GSP Saturn

The 55 million dollars investment increased the interest for GSP’s drilling services GSP Saturn resume the drilling activity on the Turkish continental shelf of the Black Sea

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Content 4 News 10 GSP King – pioneering stand by activity in the Black Sea oilfields 16 GSP Orion – antipollution actions under the European Maritime Safety Agency (EMSA) coordination 18 The 55 million dollars investment increased the interest for GSP’s drilling services 20 101 experience years serving the offshore drilling activity - Upetrom 1 Mai, producer of equipments for GSP Saturn 24 Euroned Engineering BV – the newest member of UPETROM Group sustained GSP Saturn upgrading project 26 GSP REGISTERS A ROMANIAN FIRST WITHIN A TRADITIONAL COOPERATION WITH ICPE ACTEL 27 GSP Saturn – takes advantage of the Amphion integrated control system 29 The Offshore Drilling Rig GSP Saturn Uses Drilling Equipment Produced by the World Leader National Oilwell Varco 34 A NEW PROJECT: The Marine Training Center will support performance with th latest simulation technology 36 GSP Lyra, the first offshore MEDEVAC unit in the Black Sea 41 GSP collaborates within the TPAO and Galata projects with Worldwide Offshore Solutions B.V., member of UPETROM Group 42 GSP Prince, the new ROV/survey, diving and intervention support vessel for the offshore industry in the Black Sea Breaking the limit www.gspdrilling.com

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Foreword We’re celebrating with you, employees and partners, the successful completion of a series of important projects. I refer to the end of modernization, conversion and reclassification project of the offshore drilling rig GSP Saturn, at the beginning of the training activities within GSP Training Center, at the conclusion of the modernization works of the operational base in berth 34 as well as the new operational base in Constanta South - Agigea. Now, in these economic conditions putting to test the global economy, we proved first to ourselves that we can carry out the scheduled projects!

I will tell you now in a few words about the significance of these projects and about their symbolic value: GSP Saturn is the first offshore drilling rig whose modernization was conducted entirely under the management of our company, in Romania, in the port from which during the eighties the Romanian drilling rigs went, one after another, in their mission firstly in the Black Sea and later there where the offshore industry has requested our presence. It came naturally that the upgrade and conversion process of the offshore drilling rigs took place here. GSP Saturn project, the fourth cantilever type rig, opens the series of modernization processes of the technical fleet under GSP’s management.

The three operational bases of Grup Servicii Petroliere are prepared to change the dynamics of offshore activities in the Black Sea. We had the wisdom to learn rapidly from specialists, to convince our people to stay with us and to improve permanently; we implemented new technologies, adopted quality and safety standards which now make us proud and repay the collective effort. We learned that it is mandatory to live in the rhythm of our activity field, to establish realistic targets, fully harmonized with the market trends. In the Black Sea the things change fast and GSP contributes to this change. GSP Shipyard, the operational base on Constanta South – Agigea port is preparing to become a turning point for the marine construction activity. And we start with major projects: the same team we started with five years ago will build a 101 meters and 1500 tons steel jacket and the largest modular double decked production platform in the Black Sea. And many new projects will come and we, Grup Servicii Petroliere, will put our signature on them.

Technologies, equipment and working conditions have radically changed in a few years within Grup Servicii Petroliere. We realized the change through knowledge, strength of will and financial effort. With young people among us, constantly preparing new generations of specialists to ensure our future growth, we remain confident. GSP has now its first training center, equipped with the most modern drilling simulator. It is not premature to say that the second training center is to take shape in a very short time: GSP’s maritime training center is the next step our company does in order to increase the competence level of the professional body.

In times when we offer to ourselves a brief respite to celebrate, it is natural to recognize that these successes are also due to our collaborators. Well, we were helped by our partners who have proved themselves demanding, helping us to be competitive. We were supported by the other UPETROM Group members providing high quality expertise and products, whether equipment produced UPETROM 1 Mai, the company celebrating 101 years in the oil & gas industry, or designs realized by Euroned Engineering, the youngest member of the Group.

The subcontractors sharing the same sets of values have also contributed to our success. We shall not stop here! We know that we were considered bold dreamers five years ago. Now, however, the name of Grup Servicii Petroliere represents the guarantee of fulfilled promises.

Gabriel Comănescu, President of the Board

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April

had, all proving an excellent mobilizing capacity. It does not happen many times during one’s career to witness such a success. Years ago I registered with the crew on board an offshore rig another drilling record – 520 meters drilled during 24 hours – a record considered by many at the time impossible. These moments can not be ignored or forgotten! Congratulation to the team!”

GSP registered an onshore drilling record for a 16” drilling bit On the 16th of April 2009, the GSP and Nabors team located at 4338 Mamu well site registered the drilling record of 1021 meters in 24 hours using a drilling bit with a 16” diameter.

The onshore drilling operation takes place under a Petrom contract.

GSP’s drillers’ team performed excellently during the 24 hours program, being fully supported by the Nabors rig, which presented in very good technical state.

According to the beneficiary, GSP proved “good coordination of drilling crew, minimizing the time connection as much as possible. Good play done by both drillers, trying to keep intensive drilling parameters”.

Speaking about the recently registered record of the joint team of Grup Servicii Petroliere, Nabors and Petrom at the 4338 well on Mamu location, Valeriu Irimioiu, the Counselor of the President of the Board, declared for Curierul GSP: There is a series of factors that contributed to this record: the soil allowed drilling in such an intense working rhythm. The human factor proved to be the essential ingredient, determining the success and therefore it is very important to acknowledge the fact that the team, at this onshore drilling site has been configured relatively in a short time interval. This is the second well drilled by GSP at an onshore location, with a professional body that couldn’t take advantage of t long common experience the way it happened with the crew members on board of the GSP’s drilling rigs. In order to register 1021 metres drilled in a 24 hours time interval, beside the team there’s also compulsory to have a reliable drilling rig: the 677 Nabors onshore drilling rig had a good performance. I also must mention the role the other subcontractors have

April

GSP announces the completion of the classification society inspections and the addition to class notation of GSP Orion of the DP symbol GSP Orion completed the inspections with the classification society Det Norske Veritas, member of IACS (International Association of the Classification Societies). At the end of the inspection and testing, to the vessel’s class notation was added the DP symbol (dynamic positioning).

GSP Orion will be in charge with

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Manager, Drilling Engineering and Operations, Petrom S.A.: “All Jupiter Team,Congratulations, you have accomplished an outstanding achievement.

In just under 11 days of work offshore on the GSP Jupiter drilling rig, you have converted the rig to zero discharge and prepared it for using SBM drilling fluids. The scope of work was formidable and your attention to HSE, engineering, logistics and operational detail was critical to success.

You accomplished this task without a single recordable incident to people, environment and equipment. No one was hurt to any degree, in spite of introducing a lot of subcontracted workers not accustomed to a high level of safety standards and practices, to a safety culture as it exists on the Jupiter. You employed STOP work interventions to unquestionable positive effect. Petrom Drilling Engineering and Operations thanks you and commends you for a job well done.”

oil pollution response capability for the Back Sea area under the EMSA (European Maritime Safety Agency) coordination.

April

GSP announces the closing of the class inspections for GSP Phoenix and the issuing of the BV class certificate

Allan Schultz Offshore Drilling Manager Drilling Engineering & Operations Projects and Engineering Division Petrom S.A. - Romania

GSP Phoenix concluded the class inspections and received the class certificate issued by Bureau Veritas, a classification society member of IACS (International Association of the Classification Societies). GSP Phoenix is a passenger and supplies transportation vessel performing offshore service in the Black Sea oilfields.

June

GSP signed a Letter of Intent with Melrose Resources confirming the two companies entering into a new contract for 6 inches pipelines laying The pipelay works programmed by Melrose Resources are expected to start on the 1st of March 2010.

GSP will perform 6 inches, respectively 1 inch pipe laying between the Galata platform and the Kavarna 2 well subsea completion, approximately 8.5 kilometers to the east.

June

GSP managed the Zero Discharge conversion onboard GSP Jupiter in only 11 days Here’s the congratulation message of Mr. Allan Schultz, Offshore Drilling

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June

GSP Prometeu will enter the contract together with GSP Licorn. The vessel will perform supply and personnel transport in the Bulgarian offshore oilfield.

GSP signed a Letter of Intent (LOI) with Melrose Resources to confirm the parties’ intent to enter a contract for GSP Prometeu to complete the drilling of Kaliakra 2 well

June

GSP announces the completion of GSP Saturn upgrade project

GSP Prometeu is expected to be on the drilling location around the 1st of July.

The offshore drilling rig is ready for contract in Constanta Sud Agigea Port.

GSP Prometeu carried out extensive revision and inspection of the drilling equipment, the complete renewal of the heliport, power generators revisions, automatisation of the Caterpillar group for TDS drive and the MD Todco software reinstallation under the supervision of ABS (the American Bureau of Shipping).

The entire upgrading process was carried out under GSP’s management, more than 60% of the investment being financed from GSP’s own funds.

The rig will immediately leave GSP’s production facility from Constanta port, entering under a series of drilling contracts on the Turkish Black Sea shelf. The first contract was awarded

by Toreador, the offshore drilling rig carrying out exploration drilling services for one firm well in Igneada field.

GSP signed the upgrading project

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a 372 meters long quay opening in Constanta Sud – is the third GSP production facility designed for offshore construction activities. The investment is entirely financed from GSP’s own funds. GSP’s port facility includes a 700 m2 administrative building, a 2720 m2 multipurpose workshop, a heavy duty opened platform as well as the necessary infrastructure and utilities allowing GSP to perform extended offshore prefabrication and construction works on the new location.

June

June

GSP invested 6,5 million US dollars in its first training facility GSP inaugurated the 12th of June the IWCF accredited training centre located in berth 34.

The value of the investment amounts up to 6.5 million dollars. The sum covers the new Training Centre building and the acquisition of DrillSIM 6000 simulator. The training centre is already providing training services for GSP’s own staff, targeting to cover the needs of the regional market for specialized training services for the onshore and offshore drilling companies in the South Eastern Europe.

GSP Training Center

GSP Shipyard, Constanţa Sud – Agigea

June

GSP invested 10 million US dollars for the acquisition and development of the new production facility in Constanta Sud – Agigea port in order to transform it in the Black Sea offshore construction turning point The 38.600 m2 port facility area with

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GSP Orion successfully concluded the first oil spill recovery drill under EMSA supervision, the vessel receiving the final acceptance as OSR capability in the Black Sea The crew onboard GSP Orion, the emergency response capability EMSA employed for the Black Sea area, carried out a two days drill between 12 and 13 of June. The OSR equipment was installed onboard, and the crew launched and tested it in the open sea. GSP Orion was assisted in the launching of the OSR equipment by GSP Licorn. Previously, the entire crew

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Production, and Mr. Graham Perrett, Offshore Drilling Superintendent, to the Offshore Installation Manager during a festivity organized onboard GSP Jupiter.

This award confirms the high HSEQ standards onboard MODU GSP Jupiter and the increased awareness degree among the crew members. The last few years marked a significant improvement of the safety level onboard the offshore drilling rigs and vessels, as well as at all the working sites of the company, the fact being recognized both by beneficiaries and IADC (The International Association of the Drilling Contractors). „I am pleased to announce that the GSP Jupiter, on 23 May 2009, achieved the outstanding milestone on one year without a recordable case incident.

Nobody has been hurt to the extent and as defined by “Recordable Case”. This is a much more demanding milestone than no LTI’s and in my experience in

onboard GSP Orion completed the IMO training, level I for the crewmembers, respectively II for the vessel’s officers for oil spill recovery operations, according to the contract. The crew performance was appreciated by EMSA representatives as a good one, this drill entering the preparative schedule for RODELTA exercise. RODELTA is the most important international intervention and oil spill recovery exercise in case of open sea pollution.

The exercise will be held between the 21st and 24th of August 2009.

June

GSP Jupiter was awarded by the beneficiary company Petrom with the distinction “One Year No Recordable Cases” The certificate “No persons Hurt” was handed over by the Petrom representatives, Mr. Anton Lehner, Director Exploration and

„One year no recordable cases” certificate, the handing over ceremony on board GSP Jupiter

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the oil industry, very few drilling rigs have successfully achieved this one year milestone. Congratulations GSP Jupiter Team!“ is the message Mr. Allan Schultz, Offshore Drilling Manager, Petrom S.A. - Romania sent to GSP Jupiter crew.

Igneada field. The vessel will perform supply and personnel transportation in for GSP Saturn.

GSP Queen, 8,000 HP, classified under ABS register, performed the drilling rig transportation from Constanta port, Romania, to the drilling location, assisted by GSP Vega, offshore tug/ supply vessel.

June

GSP Licorn entered under a new contract with BM Gust on the Bulgarian shelf of the Black Sea

July

GSP Vega entered under a Toreador contract as supply vessel for MODU GSP Saturn

GSP Licorn entered a new offshore supply and crew transportation contract with BM Gust.

GSP Licorn will perform marine oilfield service for GSP Prometeu, on the Bulgarian shelf of the Black Sea. The contract extent is covering GSP Prometeu drilling of Kaliakra 2 well for Melrose Resources.

GSP Vega is an AHTS offshore tug/ supply vessel Class 1A1, classified under DnV register. The vessel regularly operates in the Black Sea offshore oilfields for supply and personnel transportation service.

GSP Vega operates under the Toreador contract, together with GSP Queen, supplying GSP Saturn offshore drilling rig.

July

GSP Saturn entered under an exploration drilling contract in Igneada field

July

GSP Prometeu entered under a contract for Melrose Resources

GSP Saturn completed the upgrading and reclassification project in Constanta as well as the commissioning of the equipments onboard. The offshore drilling rig entered under a contract with Toreador. GSP Saturn will perform exploration drilling for one firm well in Igneada field, on the Turkish Black Sea shield.

MODU GSP Saturn will continue drilling in the Turkish sector of the Black Sea entering a series of contracts.

The offshore drilling rig reached the drilling location at the end of June.

GSP Prometeu will complete the drilling for Kaliakra 2 wel, on the Bulgarian shelf of the Black Sea. GSP Licorn will perform the offshore supply and personnel transportation for the entire extent of the drilling contract.

July

GSP Queen will perform supply and personnel transportation under a Toreador contract GSP Queen, DP2, AHTS offshore support vessel, FiFi class 1, entered a new contract with Toreador, on the Turkish Black Sea shelf, in

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GSP King – pioneering stand by activity in the Black Sea oilfields

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If we speak about a maximum safety level and about providing an effective reaction force, stand by vessels are undoubtedly a necessity in the offshore oil fields. In 2007, GSP has presented to on of the beneficiaries, the company Petrom, in premiere for the Black Sea area, the service package of a stand by vessel. The offer was immediately approved by the counterparty and GSP King became stand by ship in the oilfields in the Black Sea. In the North Sea currently there are over 130 stand by vessels in service, served by crews that summing up to 3000 people. These vessels play a fundamental role in saving lives at sea.

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GSP King provides security in the offshore oilfields of the Black Sea. The main task of this multitask is to transform multitask vessel the sea in a safe workplace for the offshore specialists. The wish to ensure safety at work at many miles offshore is met at the same quality standards GSP is already recognized for. The beginning of the stand by activity in the Black Sea has not been done anyway, but with a ship having special technical features. In order to ensure from the start the success of the stand by activity it was necessary to perform a thorough analysis that included, in addition to assessing the vessel (engine, maneuverability, equipment, communications, facilities for rescued persons, accommodation spaces, hospital) and crew (staff, training, certification, level of performance, preparation for medical assistance), the relationships between stakeholders: operators of the offshore installations, contractual partners, beneficiaries.

The vessels performing stand by activities have the main role of saving the lives of people on board the various offshore installations. In order to be able to fulfill this role, the vessels are endowed with special equipment, permanently improved, and the crew is trained according to the specific interventions’ demands in emergency

GSP King, the only one stand by vessel in the oilfields on the continental shelf of the Black Sea, is a modern one, built in 2005 and equipped with DP2 dynamic positioning equipment, fire fighting FiFi Class 1, and a capacity of 2400 m3 / hr; it can develop the maximum speed of 14 knots.

situations. Regular rescue exercises and good knowledge of procedures for such situations bring each crew member cool mind and sure hand in performing specific tasks. Stand by ships are different by design, type and standards of the rescue equipment on board and, the most important factor, the quality of the crew and master. The standard the master sets in regards of the theoretical preparation and practical drills on board the stand-by vessel are reflected in the quality of the crew and the level of security offered by the ship during the stand by service.

GSP King, the only one stand by vessel in the oilfields on the continental shelf of the Black Sea, is a modern one, built in 2005 and equipped with DP2 dynamic positioning equipment, fire fighting FiFi Class 1, and a capacity of 2400 m3 / hr; it can develop the maximum speed of 14 knots. The ship performed in the past, at the direct request of the Romanian and Bulgarian authorities, successful rescue actions. The reasons why the vessel was chosen to carry out stand-by activities are: large accommodation capacity, GSP King being able to host on board a large number of people, a FiFi system able to provide the necessary support to extinguish a large fire on board offshore installations, being also able to provide the required amount of fire extinguishing agent at the necessary highs and distances.

At the time we speak, there isn’t yet a Romanian standard determining the obligation to ensure stand by ships for the drilling and production rigs. There’s a set of guidelines for the sand by ships applied in the offshore industry of the North Sea and the United States. Initially, the rate of stand by vessels was that of a vessel in an oil field. Currently the situation reached is that of one stand by vessel for one offshore installation.

These stand by vessels fulfill multiple roles, one of them being the fast response to emergency situations at the offshore installations. They take into

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account a whole series of accidents: the loss of the well control resulting in fires, explosions which may lead to the loss of the entire installation, helicopter crash in the close vicinity of the offshore installations in the security range of offshore rigs, at distances smaller than 500 meters around them, collisions between other ships with the drilling installations, the need for emergency evacuation of injured or ill persons.

The accidents on board the offshore rigs may reach large dimensions, can develop rapidly, so the rescue / evacuation means existing on board the affected offshore facilities can be partially or totally unusable. The fire expansion, the smoke, can make the helicopter landing impossible on the heliport of the affected offshore rig. In situations such as offshore installations capsizing, the rescue means become unusable. The fire fighting equipment on board the rigs may become inoperative or ineffective, unable to cover the need for response to efficiently fight against fire: in this case, the external aid in the fight against fire may be the salvation.

The number of persons who may be evacuated on board a stand by vessel is much greater than the number of passengers that could be taken on board the helicopter in the same situation, the helicopter having the capacity of up to 5 people and a stretcher. In the Black Sea at present there is only one helicopter for all the existing fixed and mobile offshore units.

History The offshore oil industry has been marked by a series of unfortunate events that led to the activation of stand by vessels in oil fields in the North Sea and the coastal areas of the United States of America. Dates, the same as names such Piper Alpha - July 6 1988, Alexander L. Kielland - 27 March 1980, Petrobras Enchova Central Platform 16 August 1984, have a sad resonance among people working in the offshore

The number of persons who may be evacuated on board a stand by vessel is much greater than the number of passengers that could be taken on board the helicopter in the same situation, the helicopter having the capacity of up to 5 people and a stretcher. industry.

These tragic events have led, in the states where this industry has developed rapidly during that period, to the fast increase of the security measures, among them counting the presence of the stand by vessels in the oil fields.

Piper Alpha platform disaster (167 casualties, 62 survivors) generated at the end of the survey conducted for two years, a list of 106 recommendations aimed to improve safety; they were fast accepted and implemented by the offshore operators. One can even say that the offshore industry has seen with other eyes the concept of safety of the offshore professionals; that there are two distinct periods from the rescue interventions’ possibility prospective: the period before Piper Alpha and the one after Piper Alpha. After „Piper Alpha“ there were first drawn the instructions making clear reference to the functions and specifications of the stand by vessels (SBVs) in the offshore oilfields.

Stand by ships are the principal means of escape for the offshore personnel serving permanently or temporary the offshore rigs. In the UK, the stand by vessels can stand within a radius of

SBVs - ship endowed with special equipment, having the ability to fully evacuate the staff of offshore installations and to participate in efforts to fighting major fires. The purpose of such a vessel is to save staff at risk from the offshore rigs, on board helicopters, the people falling overboard into the water from rigs and ships, the rescue of personnel in case of catastrophic accidents.

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GSP King, pioneering stand by activities in the Black Sea

five miles around the offshore facilities which they serve. SBVs have the task of monitoring the activity of ships in the region and to intervene if they attempt to enter the radius of 500 meters, which defines the safety area for the offshore drilling and production rigs, to avoid the risk of collision between the vessels in traffic and the rig’s equipment. Ensuring the safety of crews on board offshore installations is the goal of the crew on board the stand-by vessel.

The stand by activity performed by GSP King in the Black Sea oilfields is a professional service for rescue and

recovery the rigs’ personnel; fact leading to the increase of the chances of survival in case of accident. The activity observes the market economy principles, carefully controlling the costs without reducing the quality of the service. Increasing safety and reducing costs may seem, at first glance, contradictory objectives, but the experience of the specialists, the careful assessment together with representatives of the beneficiary, the willingness to learn from the experience of other offshore operators, drive equally performance meeting both sets of objectives.

As the offshore industry in the Black

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Sea is diversifying and growing, the need to stand by vessel appears to be an increasing necessity. This service brings its contribution to improving safety in general, as well as contributes to a higher psychical comfort for the offshore professionals. Experience gained by GSP’s people in other oilfields on all the seas of the world helped to shape the service and the professional development of an offer that meets the economic and technical objectives set by the beneficiary and by the offshore market.

The duties of the stand by vessels, as resulting from the guide lines set out in the international offshore industry, are included in the safety management plan of the vessel:  Ships have clearly defined the deck space required to cope with any foreseeable emergency assistance and other tasks under the contract.  The two rescue areas on starboard and port sides are clearly marked and kept clear at all times.  Stand by ships that must perform other activities, such as supply, should be replaced during these activities by other vessels with similar technical facilities.  If there are no ships available for replacement, the other operations must be suspended.  The safety management of the stand by ship should include in-depth special equipment whose presence is required throughout the stand by service.  Any type of special equipment should have attached the complete instructions in order to allow the crew to exploit the pieces of equipment in such a manner that the maximum safety and efficiency are reached.  Personnel serving stand by vessels performs training regularly both onshore and offshore to guarantee that the crew

As the offshore industry in the Black Sea is diversifying and growing, the need to stand by vessel appears to be an increasing necessity. This service brings its contribution to improving safety in general, as well as contributes to a higher psychical comfort for the offshore professionals. is aware of how to use any special equipment available on board for the stand by mode.  On board the stand by ships there is required to be a fast rescue craft (FRC) and the designated crew members must be trained and able to use immediately, at any time.  Crew members appointed to serve the rescue craft must carry out exercises at regular intervals to ensure that their response time and efficiency are the best.  Crew members must be trained and familiar with the specific equipment.  The endowment for medical first aid shall be determined according to the safety management plan of the operator of the ship.  The training areas of the crew include: operations with the fast rescue boat, overboard people rescue, fire fighting interventions with the FiFi equipment on board.  Communications protocol provides for the vessel to be permanently in contact with the offshore installation, to ensure continuity of this service.  Stand by vessels should be informed in time regarding the operations requiring special attention, to allow the crew to make the necessary preparations.  The helicopter schedule must be communicated to the stand by ship as soon as it is known by staff on board the drilling or production offshore rig.

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Orion with the antipolution equipment onboard

GSP Orion – antipollution actions under the European Maritime Safety Agency (EMSA) coordination The open sea oil spill recovery equipment has been installed on board GSP Orion, the commissioning taking place at the end of April. It complies with both the quality and quantity the most recent standards of the oil spill recovery.

The main intervention area of GSP Orion will be the Black Sea basin. Following the meeting with one of GSP’s client companies in the Black Sea, Petrom, Petromar Constanta branch, there has been identified the need for GSP Orion, having the oil spill recovery equipment installed on board to

be used as intervention force in case of accidental pollution in oil fields.

All measures taken at companies’ level as well as at all the work points in order to avoid incidents that may result in pollution of the marine environment, the offshore operators in the Black Sea request the presence of the ship with the oil recovery equipment installed on board so that, in addition to complying with national and international legislation, in addition to implementing the most advanced domestic policies and measures regarding the environmental protection, the OSR ship

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represents an additional guarantee that the economical activity is carried out with minimum risk to the natural environment.

The equipment installed on board OSR GSP Orion provides guarantees that the recovery of accidentally discharged petroleum products will be immediately recovered, and in this way, the negative influence these products may have on the marine environment will be reduced to minimum.

GSP Orion, beside the assistance offered in the Black Sea to Petrom, remains under contract with EMSA, being able to fulfill the commercial tasks as they are stipulated in the commercial contract.

GSP Orion will work in tandem with other forces and capabilities to intervene in case of hydrocarbons pollution, under the command of MRCC, the center coordinating the emergency interventions.

GSP Orion completed the end of March the preparation, inspection and technical classification, concluded with the addition of the OSR symbol OSR (Oil Spill Recovery) on the class certificate of the ship. The OSR equipment was delivered, installed

and tested after the technical inspection performed with the ship on dry dock. The Master of the Ship has come together with the officers and crew, for the OSR training for intervention in cases of hydrocarbons pollution in the open sea.

During the OSR activity, the ship must carry out exercises at regular intervals, must also take part in scheduled annual exercises for OSR intervention, and make itself available to intervene at the request of EMSA in the antipollution operations in the European Union member states. At the request of EMSA the vessel is required to leave the operation area within 24 hours, to download the cargo on board, to install the OSR equipment and intervene in the affected area.

The training program for the ship included an initial phase carried out while preparing the ship for antipollution operations, followed by theoretical modules IMO* - 2 for supervisors (the Master of the Ship and the vessel’s officers) respectively IMO* - 1 for all the other crew members. *IMO - the International Marine Organization

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GSP Orion. The first crew on board a GSP vessel specialy trained for antipollution interventions

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The 55 million dollars investment increased the interest for GSP’s drilling services GSP Saturn resume the drilling activity on the Turkish continental shelf of the Black Sea On the 12th of June GSP has inaugurated of the new training center, and celebrated the successful completion of the upgrade project of GSP Saturn offshore drilling rig, a modernization investment of 55 million USD. Representatives of collaborators, subcontractors as well as beneficiary companies attended the ceremony at GSP’s headquarters in Constanta.

The works for GSP Saturn upgrading and reclassification project began in November last yea; the project consisted in the conversion of the jack up type offshore drilling rig in cantilever type self elevating drilling rig, under the supervision of the American Bureau of Shipping (ABS).

The cantilever of the offshore drilling rig GSP guarantees an increased productivity, being 10 feet (three meters) longer than the one installed on board of GSP Jupiter.

The drilling rig will address an extended operational area than other drilling rigs in its class. The works within GSP Saturn project registered a first for Constanta Port: the installation of the 250 tons cantilever on board the drilling rig.

Grup Servicii Petroliere collaborated in the conversion and reclassification project with companies such as Lamprell Shipyard, Sharjah; UPETROM 1 Mai, Ploiesti; ICPE Actel, ICEPRONAV, National Oilwell Varco.

The project team accumulated professional experience during two previous large projects: the conversion of GSP Atlas at Lamprell Shipyard in Sharjah in 2006 and the conversion of GSP Jupiter – project that has been completed in Constanta in 2007. The contractual collaboration with traditional partners proved itself a successful one

GSP SATURN - technical data GENERAL Rig type Independent Leg Cantilever Jackup Design Sonnat Offshore Overall dimensions 172 x 162 x 22 ft Legs (4) 400 ft Spud Tanks 38,83 ft diameter x 8,11 ft height Cantilever Transverse: 10 ft each side of centerline; Longitudinally: 55 ft from transom Accommodations 98 persons

OPERATING PARAMETERS Water depth 32 – 300 ft Maximum drill depth 20,000 ft

MACHINERY Main power 5 x Caterpillar, Model #3512 DI-TA Diesel Engine 1,686 hp driving 1 x Leroy Somer Model LSA 50.1 AC Generator, 1206 kva, 600 V, 50 hz Emergency power 1 x Caterpillar Model C18 DI-TA Diesel Engine, driving 1 x Leroy Somer model LSAM 49.1, AC generator, 438 kw, 400V, 50 hz

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DRILLING EQUIPMENT Derrick Upetrom 164 x 45 x 30 ft, 908,000 lbs with 10 lines Crown block Upetrom GFM-500 rated at 500 tons with 6 x 55 in diameter sheaves grooved for 1½ in drilling line Drawworks National Oilwell Varco, ADS 100D, drum grooved for 1½ in drilling line, rated at 2800 HP, auxiliary brake Varco V-436 Rotary Upetrom MRL-375, 37 ½, driven by 1 x 850 Kw AC motor Traveling equip. Travelling Block: Upetrom MC-500 5 x 55” sheaves, grooved for 1 ½” drilling line, rated at 500 tons Swivel: CH-500 rated at 500 tons Top drive 1 x Varco, Model TDS 8 SA, 750 tons, 1150 HP, 600 vac, 62,250 lb. ft maximum continuous torque, 7,500 psi Mud pumps 3 x Upetrom Ploiesti Romania 3PN 1600 LG-2EC triplex pumps 1600 hp, 7500 psi fluid ends, each driven by 2 x 850 Kw AC motors Solids Control 4 x Swaco Mongoose PT Dual Motions shale shaker, shaker # 4 has mud cleaner configuration 16 cones 4 in ; 2 x Brandt HS 3400 VFD Centrifuge ; 1 x Brandt VG-1 degasser H2S service with JP-10 eductor ; 1 x „Poor Boy” mud/gas separator Brandt Model A4522

CAPACITIES Cantilever load Maximum combined load: 1,575 kips at minimum overhang drilling position – centre line Variable deck load Drilling: 4,409 kips Liquid mud 1,880 bbls Bulk mud/cement 9,220 ft3 Sacks 1,000 sacks Drillwater 3,482 bbls Potable water 1,272 bbls Fuel oil 1,595 bbls

BOP EQUIPMENT BOP system 1 x Upetrom annular 21¼ in x 2,000 psi 1 x Upetrom 20¾ in x 3,000 double ram 1 x T3 Energy Services 13 5/8 in x 10,000 psi, bag type, H2S; 1 x T3 Energy Services 13 5/8 in x 15,000 psi, double ram, H2S 1 x T3 Energy Services 13 5/8 in x 15,000 psi, single ram, H2S Diverter 1 x Hydrill type MSP 29½ in x 500 psi annular type with 2 x 10 in remote operated ball valves Control system Koomey Model UET 302460-A85461-32-11 SB Choke manifold Cameron 3 1/16 in 15,000 psi, H2S

CRANES 2 x National Oilwell Varco, Amclyde Model 10000, 70 ft boom, 40 tons at 40 ft; 1 x National Oilwell Varco, Amclyde Model 5500 HD, 100 ft boom, 25 tons at 24.6 ft

MOORING 2 x 20 tons Electric winches 2 x 1 ¼ in x 984 ft anchor line; 2 x Hall 4.5 tons anchor

HELIDECK 80 X 80 ft

JACKING AND SKIDDING SYSTEM Jacking system: hydraulic system pin & hole jacking 1.0 ft/min

LIFE SAVING EQUIPMENT 2 X Fyberglass 68-man totally enclosed life boats; 6 x Solas 20-man life rafts ; 1 x Avon (U.K.) 6-man inflated rubber boat (work boat)

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101 experience years serving the offshore drilling activity - Upetrom 1 Mai, producer of equipments for GSP Saturn UPETROM 1 Mai is the Romanian market leader of the oil industry equipment producers and exporters. The Company, member of Upetrom Group, Upetrom 1 Mai is among the Romanian companies supplying pieces of equipment for the offshore drilling rigs since the 80s, from the beginning of the offshore continental shelf of the Black Sea. With the 101 years of experience in the design, manufacture and repair field of oil equipment and with a number of 2500 employees, UPETROM 1 Mai currently exports 60% of equipment incorporating the latest technologies in 30 states. The company has specialized in the production of drilling rigs and drilling equipment capable of operating in extreme weather conditions such as those in northern Siberia, with temperatures that can reach down to - 45 degrees Celsius.

UPETROM 1 Mai, oil and gas high quality

equipment supplier, recognized for innovative technology of its products is certified by the American Petroleum Institute (API). The integrated management system is aligned with the requirements of ISO 9001. Most of the equipment produced on UPETROM 1 Mai comply with international standards of quality set by the American Petroleum Institute (API): The company currently holds production licenses issued by API. The quality management system adopted within UPETROM 1 Mai is based on a comprehensive quality assurance manual, a complete set of specific manuals and procedures complying with ISO 9001 and API Q1 standards. UPETROM 1 Mai enjoys a solid reputation among oil equipment manufacturers worldwide, holding an impressive number of patents and copyrights for the equipment produced in Ploiesti.

History  In 1908, the Drilling Repair Society was established, with approximately 50 employees repairing pieces of equipment used in oil industry.  Since 1913, the company has expanded after entering the „Creditul Petrolier“ property  The society became well known both within Romanian borders and abroad.  In 1916, the Company played a major role in the war activities, occupying a position of strategic importance in the Romanian industrial hierarchy.  The “Creditul Petrolier” Society has particularly developed in the interwars period.

In 1922, the Company was bought by the powerful Concordia Industrial Group consortium, as the Department of Metallurgy Plant Ploieşti also known as Ploieşti Workshops.  The first “Concordia” type drilling rig fully equipped was built in 1927, the national first being spectacularly exceeded during the next two years with the construction of a large number of drilling rigs supplied to Romanian or foreign beneficiaries.  The Ploiesti Factory has successfully passed the economic crisis years and the losses suffered during the Second World War, the company being reborn from its own ashes.

1945 marks the initial moment of the strong expansion of the company. Soon it entered under state ownership under the name 1 Mai Factory, Ploieşti.  The rapid development of the company is marked in 1964 by the great international success with the drilling rig 3DH-250, awarded with the first gold medal at the

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GSP Saturn. The first drilling derrick segment is lifted and installed on board the rig

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International Fair in Leipzig.  In 1966 the drilling rigs produced at Ploieşti reached a 5300 meters depth at the International Exhibition in Argentina.  The 7050 depth record was achieved by a drilling rig produced at Ploiesti at an industrial fair in the German Democratic Republic.  An absolute first of the same period is represented by the production of the blow out preventer and the installation of the hydraulic control instalation.  The producer of oil equipment conquered in 1973 the gold medal at the International Fair in Brno.  1 Mai Ploieşti plants were able to overcome the economic crisis of 1985 as well, becoming after the 1989 Romanian revolution UPETROM 1 Mai, Ploieşti.  In 2000 UPETROM Mai 1 became a private company, regaining its position as the main Romanian producer of equipments incorporating the most advanced market technologies.

Among the equipments supplied by UPETROM 1 Mai for the drilling rig GSP Saturn, there are: the drilling derrick built at UPETROM 1 Mai based on a design realized by another company member of UPETROM Group, Euroned Engineering BV. Besides this, UPETROM 1 Mai has provided for GSP Saturn and the blow out preventers (BOP Stack 20’’), the mud pumps (3 ea 1600 hp triplex UPETROM) and the rotary table.

UPETROM 1 Mai is the producer of four of the drilling derricks installed on GSP’s offshore drilling rigs: GSP Atlas, GSP Orizont, GSP Prometeu and GSP Saturn.

The new drilling derrick installed on board the offshore drilling rig GSP Saturn dynamic type derrick, able to perform longitudinal and crossing movements alongside the cantilever. The drilling derrick is designed

to retrieve and supports various loads of the moving equipment during operation.

The drilling derrick was designed and built according to the following standards: API 4F (Structure Specification for Drilling and Well Intervention Structures), IACS (thirteenth edition, Specification for Structural Steel Structures), AWS (nineteenth edition, 2004, the American Society for Welding Technology, D1.1), EN 10025 (2004, Hot Rolled of Non Alloy structural Steels), EN 10204 (2004, Metal Products - Types of Documents for Inspection), EN 1993-1-10 (2004, Materials Toughness and Through Thickness Properties), IEC (Electrical Classification Systems). The project was approved by ABS and the construction of the drilling derrick was conducted under the supervision of inspectors of the ABS classification authority.

Drilling derrick, crown block, substructure - technical data Derrick: Manufacturer Conceptual design Dimensions Clear height Dynamic Load Adjustable stabbing board

- Upetrom, România - Euroned Engineering BV - 45 ft x 30 ft x 164 ft - 166 ft 9 inch - 1,000,000 lbs - Yes, Sky Lift Type Available

Crown Block: Manufacturer and type Sheaves Rating Loose sheaves as spare Safety bar (to prevent drill line jumping)

- GFM 500 / Upetrom -Romania - 6 x 55 „ for 1 1/2“ drilling line - 500 MT - yes - yes

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Substructure: Manufacturer and type Maximum set back load Height Lighting system attached

- Upetrom, România - 1,000,000 lbs - 18.5 ft - yes

Rig floor: Rig floor strengthening to withstand the impact of a stand of 8” drill collars being dropped from 1 metre height – API certified

UPETROM 1 Mai is the manufacturer of mud pumps for the offshore drilling rigs: GSP Jupiter - 3 ea triplex 1600 triplex ea UPETROM, maximum operating pressure of 7500 Psi. GSP Atlas - 1 ea triplex UPETROM (in addition to the two triplex pumps 1600 hp Continental Emsco FA) GSP Prometheus – 2 ea triplex 1600 hp UPETROM GSP Saturn - 3 ea triplex 1600 UPETROM, maximum operating pressure of 7500 Psi.

GSP Saturn - UPETROM 1 Mai mud pumps, the technical features: -3 - Upetrom Ploieşti Romania - 3PN 1600 LG – 2 EG – 2 x 850 kW (2 x 150 HP) AC, 2200 (chain drive) - 5 ¼ ’’ to 7 ½ ’’ - yes

Number Manufacturer Drive Maximum input horse power per pump Liners sizes Suction and discharge strainers Output for each pump:

- 403.39 gpm; max pres.= 7,000 psi for 5 1/4“ liner size - 823, 42 gpm; max pres = 3,770 psi for 7 1/2“ liner size

The supplier in Ploiesti was selected, beside the quality of the product and the compliance with international standards of the petroleum industry, for the proven availability of spare parts and the efficiency of interventions during maintenance and repair.

UPETROM 1 Mai has also supplied the drawworks for four out of the five GSP’s offshore drilling rigs (GSP Atlas, GSP Orizont, GSP Prometeu and GSP Jupiter).

The rotary table produced by UPETROM 1 Mai 1 for marine platform drilling GSP Saturn helps to simplify the substructure design ensuring optimum working conditions on deck.

Features:

Opening Type MRL-375

in 37 1/2

Static Load

Input Power

Max. Speed

t

sht

HP

RPM

650

715

600

250

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Euroned Engineering BV, the newest member of UPETROM Group sustained GSP Saturn upgrading project Euroned is the newest member of UPETROM Group. The company, founded in 2008 with headquarters in the Netherlands, provides engineering services for the oil industry. With a bold development strategy, Euroned Engineering BV is recruiting engineers with international experience and activates in the design field of onshore and offshore drilling installations and equipment.

Euroned Engineering has realized the design of the dynamic drilling derrick which was built at UPETROM 1 Mai, PloieĹ&#x;ti, actually installed onboard the offshore drilling rig GSP Saturn. The dynamic drilling derrick was designed to operate at full capacity at temperatures between - 20 and + 40 degrees Celsius. The design life is 25 years. The dimensions of the metallic construction are: 167 ft (51m) height from the rotary table, 30 x 34.7 ft (9.1 x 10.6m) at the base and an opening of 9.8 x 20 ft (3 x 6m) at crown. The drilling derrick was preassembled under the designer’s supervision at Upetrom 1 Mai, Ploiesti; after the dismantling operations and the transport of the parts to Constanta, it was assembled in GSP operational base in berth 34. The mounting of the drilling derrick onboard the drilling rig was performed after the construction of three derrick sections, subsequently lifted and

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installed on the location using cranes with lifting capacities of 250 and 550 tones. After the completion, the drilling derrick has been subject for the load testing. The tests were conducted under the supervision of Euroned Engineering specialists.

The structural design of GSP Saturn dynamic drilling derrick was realized by Euroned Engineering observing the API 4F recommendations.

GSP Saturn.

Stages in shaping the Euroned dynamic derrick design

The designer took into consideration the following basic conditions: Condition

Hook load (sh-ton)

Wind (knots)

Setback

Sea condition

Maximum static hook load

500

0

0

Jacket up

Operation

500

40

Full setback

Jacket up Top drive 47 kNm

Survival condition

0

107

0

Jacket up

Survival condition

0

93

Full setback

Jacket up

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THE USE OF C.A. ACTUATIONS FOR THE MAIN TECHNOLOGICAL DRILLING PROCESSES GSP REGISTERS A ROMANIAN FIRST WITHIN A TRADITIONAL COOPERATION WITH ICPE ACTEL “ICPE ACTEL, producer with a significant tradition in offering solutions and power actuating equipments for the offshore as well as the onshore drilling have transformed the contractual collaboration opportunity with important companies in the field for the modernization of GSP Saturn in a Romanian first: the use of the alternative current actuation for the main technological processes of the offshore drilling, the source of significant advantages”, declared Dr. Eng. Ion Potarniche, the General Manager.

Spare control panel and various internal services full wave rectifiers.

Innovation The first Romanian drilling rigs installation with AC/DC convertors for the actuation of the main engines: drawworks, mud pumps, lifting pumps, rotary table.

PROFIBUS system communication between the control panel and the AC actuations through the programable automat (PLC-SIMATIC- S300) Modern design of the protections’ system on board the drilling rig: engines actuation, auxiliary services, fire, explosions.

The Structure of the ICPE ACTEL EQUIPMENT INCLUDES:  Actuation equipments of the main mud pumps’ engines PN1, PN2, PN3 (2 engines on the same axis), of the lifting pumps PR1, PR2 as well as of the rotary table MR, realized with SINAMICS S120  PMS - «Power management system» for synchronizing and automated connection at the supply of 600 V of the 5 generators  DCC - « Command and control » with PLC for the actuation of the drilling engines  TPD 600 V – realizes the coupling at the common AT THE 600 V supply of the 5 Diesel generator units  TPD 400 V – ensures the power supply of the auxiliary services with 400 Vc.a., 220 Vc.a., 24 Vc.c.  Tablouri : TGA – emergency, TGL – drilling rig lightning, TS, TB – laundry and galley services, TLM –onshore connection, TBS, TVA – rescue boats winches command panels and anchor winch, normal lightning panels and safety lightning drilling derrick, submersible pumps panel.

The advantages brought by ICPE ACTEL designed and realized equipments for GSP Saturn. Based on a new, modern conception, on professional components and technical numerical setting up, the equipment ensures the following performances:: • Significant power and fuel saving during the drilling process • Reducing of the drilling time • Reducing of the installation and commissioning expenses • Decreasing of the maintenance costs • Increasing the designed life of the equipments • Equalizing the Diesel Generators working periods

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GSP Saturn takes advantage of the Amphion integrated control system The increased functionality of the drilling equipment required the development of enhanced complexity control systems.

Amphion changes that paradigm by providing a simple and very powerful control system in a compact and cost-effective package. Most of the drilling contractors have adopted the integrated control technology based on SCADA (Supervisory Control and Data Acquisition / Supervisory Control and Data Acquisition) to ensure safe, efficient and ergonomic control of the modern

drilling platforms. The initial models consisted of complex networks, being delivered at high prices, with extended commissioning periods, to enumerate just some of the drawbacks.

Amphion control system creates a new functionality standard, its main advantages being the short commissioning time period and the significant decrease of the effective costs during operation. The integrated control system Amphion possess the capacity of providing the SCADA

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GSP Saturn. The new ciber - drilling Amphion control system

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technology both onboard the new build drilling rigs and the modernized ones, with much lower costs and reduced complexity degree over the previous control systems.

Amphion control system enhances the performance of drilling rigs while ensuring greater safety during the operation of the drilling equipment. The entire set of touchscreens, joysticks, commands ergonomically placed inside the work stations ensure the maximum efficiency of the operator. Information is graphically presented, allowing operators to focus on equipment and drilling activity rather than the controls. All these activities ensure safe with maximum efficiency as well as a significant reduction of the operating costs.

Varco has developed since 2001 Amphion type control systems having improved features compared to the PLC (Programmable Logic Controllers).

The new systems present a processing capacity 50 times greater than a traditional PLC. Amphion control system incorporates all the characteristics of the SCADA systems, changing the traditional paradigm of the integrated systems.

The display, control, diagnosis, tracking, signaling, and registration functions are accessible via a standard web browser, while the maintenance systems and servers are removed.

Amphion is therefore a system with a simple architecture that allows the connection of multiple instruments

The architecture of the control system allows the configuration of Amphion to command between two up to twenty pieces of equipment. The system can be easily configured by simply adding new commands or tasks up to reaching the optimal sizing.

and displays, offering a fully integrated system possessing the SCADA benefits at a fraction of the cost and complexity of traditional control systems.

Communication takes place very quickly, the information graphically presented on the displays being updated 25 up to 33 times per second.

Amphion control system uses 90% less space compared to the traditional SCADA systems.

Amphion allows equipment to be controlled from any authorized command post, a single operator controlling the drilling equipment. When a control unit becomes unavailable, the operation can be controlled at a second one, and one touchscreen features can be easily transferred to another touchscreen.

The Amphion system is highly scalable.

The architecture of the control system allows the configuration of Amphion to command between two up to twenty pieces of equipment. The system can be easily configured by simply adding new commands or tasks up to reaching the optimal sizing.

Benefits:  Amphion delivers integrated control capability on large or small rigs with huge savings in total operational costs  Reduced equipment and software cost  Dramatically reduced cabinet space and weight, requiring smaller equipment rooms  Reduced cabling, installation and commissioning costs  Reduced downtime  Reduced complexity and support costs Amphion provides a system fully capable of providing information and integrated control in the advantage of the drilling activity, ergonomic workstations and touchscreens, process and tool specific control screens, enhanced tool control capability, extensive onboard diagnostics and documentation, simple, reliable, scalable architecture.

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GSP Saturn. NOV drilling equipment: TDS – 8 SA Top Drive

The Offshore Drilling Rig GSP Saturn Uses Drilling Equipment Produced by the World Leader National Oilwell Varco Saturn GSP incorporates the most modern drilling equipment worldwide. The project team carefully reviewed the equipment offers, choosing the most complete one. National Oilwell Varco is a worldwide leader in the design, manufacture and sale of comprehensive systems and components used in oil and gas drilling and production. From an array of replacement components to entire drilling systems, National Oilwell Varco delivers value-added solutions that support GSP’s drilling objectives. GSP Saturn has been equipped with efficient, reliable NOV which significantly reduce costs during operation.

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ADS-10 D Drawworks

better performance of the directional drilling. EDS will influence positively the performance of GSP Saturn during drilling, an increase advancement speed as well as reduced costs.

The drawworks is actuated by 2 AC motors GEB -22 type, de 1400 CP each, with plate brakes and ADS opearting control system. ADS is a precission system which provide drillers with enhanced hoisting control capabilities that increase the efficiency, productivity and safety of the drilling process.

The addition of the EDS electronic system on the new equipments list on board GSP Saturn is justified by the numerous advantages it presents: offers precision control of the dynamic and static braking capabilities, exceptionally steady payout of drill line, being equipped with protections whose sensors allow the setting at driller’s set points in order to stop the movement of the drilling ensemble the shortest time, the control from the driller’s cabin with the complete monitoring of all of its functions, reduced risk of damage or defects during operation. EDS is a Drilling Performance Tool that cost effectively enhances drawworks braking and control capabilities, reducing well cost and days per well, increasing wells per year per rig, enhancing safety & reducing noise, enhancing directional drilling, delivering more value to the drilling operator. EDS leads to 25 up to 30% more drilling bit number of rotating hours, a longer life of the bit and significant costs reduction, a

Top Drive

EDS leads to 25 up to 30% more drilling bit number of rotating hours, a longer life of the bit and significant costs reduction, a better performance of the directional drilling. EDS will influence positively the performance of GSP Saturn during drilling, an increase advancement speed as well as reduced costs.

From the producer of the most diverse range of Top Drive installations, GSP selected the TDS - 8 SA model.

National Oilwell Varco has also been the innovation leader in field of drilling equipment. Among the advantages this equipment presents, GSP experts have listed a few:  The TDS- 8 SA model is equipped GEB -20 600 VAC engine, which allows fine control of speed with a simple gear box of 8.5 / 1;  High performance, developing an intermittent torque of 94.000 lbf * ft and a continuous torque of 62.500 lbf * ft at 94 RPM;  Equipped with a maximum efficiency cooling system, including a cooling fan with a 20 HP electric motor which extracts the inside moisture;  Equipped with hydraulic and pneumatic action systems for the drilling elevators  Posses an incorporated guiding and adjusting system of the vertical position (retractable dual-rail guide Dolly TD) which allows the growth speed rate of extraction / introduction of the drilling fitting;  Increased proven reliability leading to the decrease of the installation and maintenance time;  Increased proven safety during operation, the equipment being strong and robust;  It is controlled from the driller’s cabin through Amphion control system.

The TDS-8 Top Drive Model develops a 270 rpm maximum speed. This model is improved version of TDS-4 unit, the number one equipment within the deep drilling category. The unit generates 1150 HP with a lifting capacity of 750 tones.

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Cathead, Fox Hole, Automated Elevators BX 3.

These pieces of equipment provide increased safety during drilling as well as a good quality of the drilling services.

PRS - 8 Pipe Racking System Provided with two arms, it is used in handling steps in the drilling derrick during extraction / introduction marches and assembly / disassembly of drilling strigs during drilling.

It works in tandem with the „Automated Fingers Board“ and the materials handling device, „Catwalk Machine“.

Automated AR3200 Iron Roughneck

Pipe Handling System The pipe handling system consists of latest generation robots allowing the tubular equipment handling on deck as well as on the drilling deck: PRS – 8, Fingers Board, AR-3200 Iron Roughneck, Catwalk Machine P1045LS, PS 21 Power Slips, Hydraulic

GSP Saturn.

AR3200 Automated Iron Roughneck

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This equipment sets the safety and reliability standard for the drill pipes handling equipments performing connection / disconnection of drill pipe steps. National Oilwell Varco’s AR3200 is the Varco™ Automated Iron Roughneck™, an industry standard for a reliable make-up and break-out system for drill string connections.

AR3200 contributes to increasing the crew work safety, the manual operations being no longer required. It can be used for a variety of tubular materials with dimensions ranging from 3 ½ „- 9 ¾“ with a maximum screwing up torque of 100.000 ft lbf * and unscrewing torque of 120.000 ft * lbf.

Handling operations are performed on rails, with the possibility of operating at the rotary table and the mouse hole.

The robot can perform operations being controlled from the driller’s cabin through Amphion control system.

The AR3200 adds value to any rig’s operation by improving crew safety, by ensuring protection to drill pipe threads, and by providing reliable make-up torque to drilling connections.

The increased operation speed together with the possibility of simultaneously performed operations, lead to significant time and costs reduction. The result is the cost reduction per drilled well.

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„Amphion Control System Dual Chair“ Driller’s Cabin The driller’s cabin represents the control unit for the NOV pieces of drilling equipment. Through the Amphion Integrated Control System, operators coordinate, control and monitor the drilling activity while guaranteeing maximum safety. The driller’s cabin is equipped with two control chairs, one for the driller, and the other for the assistant driller. The control chairs are provided with touchscreens, video cameras, local control panels of the BOP and the preventers control installation.

The Amphion Integrated Control System avoids the equipment loss of control through a robust network operating in parallel.

NOV produced for the last 15 years driller’s cabins, currently reaching 85 sold units.

In designing and improving drilling cabin, NOV aimed to improve working conditions, to increase the operator’s safety, to reduce the noise level (with the cumulative result of stress generator factors reduction) and an improved communication quality between the operator and the team. The driller’s cabin guarantees reduced maintenance costs.

The driller’s cabin as installed on board GSP Saturn offshore drilling rig allows further development of equipment, implementation of new functions and commands for new equipments, without the necessity of undergoing changes upon the initial endowment.

The design of the driller’s cabin took into consideration the necessity of ensuring maximum visibility of the controlled [pieces of equipment. The control chairs as well as the displays are adjustable, in order to allow excellent visibility for each operator. The essential information is permanently available to the operator.

AR3200 Automated Iron Roughneck – guarantees a new safety standard

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GSP Training Center – technology of the future servicing the training of offshore drillers

GSP TRAINING CENTER IWCF ACCREDITED OFFERS SPECIALIZED TRAINING SERVICES TO THE OFFSHORE INDUSTRY GSP Training Center has been inaugurated on the 12th of June.

The new educational facility is IWCF accredited (International Well Control Forum). GSP Training Center is equipped with the most modern drilling simulator, DrillSIM 6000, produced by Drilling Systems. The investment of 6.5 million USD covered the construction of GSP Training Center building and the acquisition of DrillSIM 6000 simulator.

The newly established training center offers comprehensive training packages meeting the international standards of the offshore industry, having IWCF accredited trainers, sustained by the latest training equipment. GSP aims to become a leading training organization in the Eastern European region.

The educational offer will soon be extended, GSP intending to establish a maritime training center.

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A NEW PROJECT: THE MARITIME TRAINING CENTER WILL SUPPORT PERFORMANCE WITH THE LATEST SIMULATION TECHNOLOGY A new area under consideration during the design of the training center as well as of the courses package is the marine one. The training of the DP (dynamic positioning) operators, AHTS (anchor handling operations) and offshore crane operators will become reality within GSP in a very short time.

The training packages forming GSP’s educational offer are born from the real necessities and challenges of the offshore professionals. Especially now, when the marine activities of the offshore drillers activity is increasing and diversifying in the Black Sea area, there is an increasing need for crews of supply ships and drilling rigs to ensure the safe operation of the vessels and cranes during loading and unloading operations even under less favorable meteorological conditions.

Operation of offshore facilities falls under the category of special operations: the number of factors to be considered is large; beside the weather conditions one must take into consideration the offshore facilities’ design, the approach procedures and the operations at the offshore drilling installations.

Staff involved in such complex operations must be helped to know very well operations they are to carry out, the risks that may expose the vessels’ and platforms’, marine personnel on the ship’s deck.

It is intended that the new ROV equipment which will come into service at once the offshore construction activity starts, to be operated by trained personnel, able to provide quality services within the maximum safety

range. The marine simulator will offer a comprehensive package of applications, fully complementing the theoretical training of staff.

GSP’s Marine Training Center will be equipped, beside the simulator, with a offshore support ship’s deck model, scale 1 / 1, for AHTS operations and supply of the offshore drilling rigs; the crew members will have the opportunity of safely training, being able to see and operate real scale equipment, knowing the equipment real dimensions and actual weight. The operator will have this way an accurate representation of the real loads he operates through the commands of the HiTech equipment.

The training offer for the marine simulator will be developed under a partnership between GSP and Aalesund University, Norway. The partnership will consist in the simulator installation, the initiation of the training activity, training of trainers, and supply of ongoing courses hard copies. The offer will be supplemented by a cadets

GSP’s Marine Training Center will be equipped, beside the simulator, with a offshore support ship’s deck model, scale 1 / 1, for AHTS operations and supply of the offshore drilling rigs; the crew members will have the opportunity of safely training, being able to see and operate real scale equipment.

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GSP Training Center, offices

exchange program, partnership through which young professionals taking part in the “Cadet” program will have the opportunity to conduct stages in Norway while Norwegian young professionals will come to Romania.

The training modules taken into consideration are: offshore operation of the supply vessels with and without DP seamen on deck activity for rigging, mooring, hook / unhook connection / disconnection of fluids transfer hoses crane operations onboard the drilling rigs and the offshore installations AHTS activity, including the winches

and anchors operation at the offshore facilities ROV operation the heavy lifting activity on board the offshore rig, barges, floating cranes.

The training modules may be attended, at the client’s request, separately, according to jobs, or they could include a complete training package simultaneously training complex teams operating both on board the rig and the supply vessel.

As offshore operations progresses, the virtual training with the help of simulators becomes more and more necessary. The first simulator for this type of training was made in 2001.

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A consortium composed of Farstad Shipping ASA, Rolls-Royce Marine AS, Norwegian Marine Technology Research Institute (Marintek) and Aalesund University College, founded a center that developed in 2005 an amazing marine simulator. This simulator allows a complex package of courses: the simulation software, the equipment and the visual support act together to create realistic representations of situations on board the vessel. The simulator includes a large number of computers and displays, a server controlling all the synchronizing parameters. All these elements work together as a single system. The simulator enables the training of key personnel on board the ships or drilling rigs during deployment offshore operations. By using a modern simulator, with great flexibility in creating real-like situations that may be encountered in actual operation,

creating various sceneries involving the new types of equipment on board, the training will facilitate the success of the marine training mission. Complex teams may be trained, the trainees facing various offshore operational situations.

The simulation technology allows training for critical situations, making possible as well the testing and evaluation activity. the marine training offer includes training programs for: Ship’s Master Tug winches or anchor positioning / repositioning operator On-deck personnel Training and of the crew onboard the stand by and emergency intervention vessels FRC Continuous training program for crew on board the offshore supply vessels, primarily scenarios based First aid intervention training

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GSP Training Center, classroom

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GSP establishes the first MEDEVAC offshore capacity for the Black Sea oilfields Breaking the limit www.gspdrilling.com

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GSP Lyra, vessel with a capacity of 117 seats, designed for the personnel transport to the offshore installations, can also provide support in situations requiring emergency medical evacuation.

The advantage the vessel presents is the reduction to half of the transfer time if compared to other ships that carry the crew s of the offshore drilling and production installations.

Once the vessel will enter the service, GSP marks the contribution to improving safety of the offshore oilmen and other offshore personnel.

The ship is able to develop speed over 30 knots having onboard the facilities, according to the SMURD medical care standards.

GSP Lyra guarantees a very short time interval for the evacuation of a large number of persons, helicopters’ capacity being too reduced for large scale emergency evacuation operations.

On board the vessel there will be on permanent basis medical personnel, ready for first aid interventions in emergency situations.

This vessel was purchased for the proper conduct of the offshore construction activities, where a large number of persons will be engaged in the execution of the works. In the Black Sea area the helicopter intervention is restricted for various reasons, among them the extremely low number of available helicopters, the helicopter’s maximum capacity and the absence of the refueling possibility. The first aid equipment in order to be purchase on board GSP Lyra will be the latest in the field, and the emergency medical system is going to be implemented in order to increase the safety level of the personnel working onboard the drilling rigs or in the marine construction operations.

MEDEVAC is a term that defines the rapid transportation activity, providing the necessary medical assistance to the injured persons, where people are evacuated onboard rapid means of transport (ship, air or car) endowed with

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the necessary medical equipment in order to maintain life.

The designation of GSP Lyra as crew transportation vessel and MEDEVAC for the offshore drilling rigs, specializing in sea transportation of emergency patients, engages the company to undertake significant efforts to provide the logistical support and the interconnection with regional medical centers and emergency ones.

The specific conditions under which the staff works on board the drilling rigs and offshore supply ships, the distance from medical facilities onshore, require in some cases, beside the presence of medical personnel on board and the assistance they may grant, the necessity of emergency transport to an onshore medical facility and the medical specialized intervention.

In the Black Sea area, the companies do not have the means to transport personnel in medical emergency situations. GSP Lyra will have on board trained personnel for such activities as well as the necessary means of communication for remote medical assessment, promptly providing the necessary information for implementing the most effective measures to stabilize the patient until he can reach the nearest medical unit. On board GSP Lyra the continuity of the medical assistance will be provided during the transfer. Through the communication means on board, the closest medical unit onshore may be informed in advance regarding the state of the patient in order to make necessary preparations for an emergency intervention.

Availability of the rapid transportation means at the offshore installations, the ability to provide medical care during the transport of the patient are factors that determine the type of intervention or the medical treatment to which the patient will be subjected, having determinant influence upon the recovery. The use of a fast transport vessel, fully equipped to meet the requirements of the medical

emergency assistance as well as life preserving means, the presence of an emergency trained medical professional for this specific type of medical activity will increase the healing chances of the patient, significantly reducing the recovery period.

The rescue operations by helicopter when they can be taken into account in the Black Sea area, where the offshore industry is served by a single aircraft are subject to many risk factors, among them being: the weather conditions, visibility, transport maximum capacity, the location of the marine facility within the flying range of the helicopter, the refueling possibility. This is one of the reasons why GSP develops and puts into opera, once GSP Lyra investment materializes , an elite program that will allow the medical emergency intervention offshore observing to the highest degree the national and international standards governing MEDEVAC domain.

Often, the national authority possesses the facilities to intervene in medical emergencies, the state ultimately deciding the establishment and the support of new life saving capacities.

GSP decides this time, for the safety of its own staff and the staff of the contractual partners to engage over the limits at which this activity is regulated at national and international level taking a step forward and voluntarily assuming an important role in supporting the people of the “offshore community“ in the Black Sea area.

GSP Lyra, technical data High speed passenger ship Year of construction - 1988, Baatutrustning AS, Norway, Modernization Year - 1991 Capacity - 117 passengers Loa - 27.5 meters Net tonnage - 45 t Number and type of engines - 2 x MWM TBD 604 BV12, 1713 bhp at 1800 rpm

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GSP collaborates within the TPAO and Galata projects with Worldwide Offshore Solutions B.V., member of UPETROM Group Worldwide Offshore Solutions develops the designs for the TPAO and Melrose Resources subsea pipelines Grup Servicii Petroliere is installing on contractual basis.

Worldwide Offshore Solutions B.V., member of UPETROM Group, offers specialized services in Offshore Construction Project Management, Design & Engineering for Fabrication, Installation, Pipelay Installation, Heavy lift.

Among the reasons sustaining this contractual collaboration, there were:  WOS proven capacity of developing designs for operators, contractors, ship owners;  Beside the new designs incorporating innovative solutions for the offshore industry, the company is also actively involved in conversion projects;  WOS mobilizes its entire knowledge and experience capital along the completion process of the designs, adding supplementary value to the offshore constructions projects Grup Servicii Petroliere carries out.  Grup Servicii Petroliere intends to rapidly excel on the offshore construction market. In order to realize this, the company selects collaborators able to help, through the quality of their services, reaching the target.

WOS will design for Grup Servicii Petroliere:

 8.5 km subsea pipeline of 6 in. and 1 in. on the Bulgarian continental shelf in the Black Sea. This will connect the Kavarna 2 well to Galata offshore platform;  7 km of subsea pipeline, 12 inches in diameter, within the second development stage of the Akcakoca subsea natural gas reserve, on the Turkish continental shelf of the Black Sea. WOS will assist Grup Servicii Petroliere in the execution of the offshore construction project, from the concept phase into the design and construction phase. The collaboration with WOS will help Grup Servicii Petroliere improving the competitive position held on the offshore construction market.

Worldwide Offshore Solutions B.V., member of UPETROM Group, offers specialized services in Offshore Construction Project Management, Design & Engineering for Fabrication, Installation, Pipelay Installation, Heavy lift.

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GSP Prince, the new ROV/survey, diving and intervention support vessel for the offshore industry in the Black Sea Breaking the limit www.gspdrilling.com

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A new DP2 ROV Survey Offshore Support Vessel completes GSP’s fleet.

The delivery of this new specialized vessel is scheduled for September 2009 in Constanta. The decision to introduce another new vessel outfitted and prepared for sub-sea duties such as ROV operations (pipeline/route survey), bottom mapping, sub-sea installation works, diving and intervention support, mother vessel for AUV/UUV operations, geo-technical investigation survey to the offshore support vessels GSP operates in the Black Sea is the next step within the company growth strategy.

The addition of the survey dedicated vessel will bring a plus of operational flexibility, also completing the services offer in a region where the offshore industry rapidly develops.

GSP Prince will support the marine operations the company carries out, the offshore constructions’ activity With accommodation for 64 persons segregated over 34 single and 15 double cabins will be a comfortable and spacious vessel to work on, meeting the latest environmental criteria while ensuring acoustically quiet operations at survey speeds.

The new ROV/survey vessel is nearing completion at Baatbygg Shipyard, in Norway. GSP will operate GSP Prince within a bareboat contract with purchase option.

The 85.30m long vessel, built to Skipsteknisk design, the ST253, is equipped for ROV operations, subsea installation work, geotechnical investigation surveys, and light construction. The most modern survey equipment will be installed and the systems will have full plug and play interconnectivity.

GSP Prince has a diesel electric power supply, a Sikorsky S-92 helideck, 70 tons crane.

The vessel is designed for operation in all weather conditions and with excellent manoeuvrability and station keeping capabilities.

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GSP Prince - technical data MAIN CHARACTERISTICS Length over all Length between p.p.

Breadth moulded Depth to main deck Max draft Free deck space abt.

85,30 m 75,00 m 18,00 m 9,10 m 6,8 m 550m²

TANK CAPACITIES Water ballast approx. 1850 m3 Fuel oil approx. 1100 m3 Potable water approx. 430 m3 ANTIROLLING TANKS Three passive anti rolling tanks. 400 m3 ENDURANCE Nominal (80%MCR) approx. 65 days

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CLASS DnV +1A1 SF, E0, DYNPOS AUTR, CLEAN, COMF c3-v3, HELDK. NAUT OSV, Ice C ERN 99,99,99 SPEED Speed at 5.5m draft approx. 16 knots ACCOMMODATION 64 persons in 34 single bunk

and 15 double bunk cabins Separate bathroom for each cabin Mess room, 2 lounges, gymnasium Hospital Ship’s office Laundry MAIN PROPULSION SYSTEM Diesel electric propulsion plant

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Two Azipull AZP 100 thrusters of 2200kW each. Frequency controlled rpm and CP Propeller diameters: 2.8m SIDE THRUSTERS Two super silent tunnel thrusters in bow of approx. 1150kw each. Frequency controlled rpm and CP. One retractable azimuth thruster in bow 1400kw with freq. controlled rpm and CP. POWER GENERATING PLANT 4 x 1825 kWe diesel powered generator sets 1 x 425 kWe diesel powered generator set 1 x 160 kWe Emergency generator HELIDECK Sikorsky S-92.

Rules: CAA CAP437 / DnV DECK EQUIPMENT A-frame 100t SWL (optional) 50t/15m, AHC offshore crane, 2000m wire Module Handling System (Optional) ODIM Launch And Recovery System (LARS) for WROV 3000m Moon pool 7.2m x 7.2m net opening Moon pool ø 1200mm for Multibeam sonar ANTI-HEELING SYSTEM Pump capacity abt. 1800 m3 /h

ROV SURVEY TECHNICAL ROOMS On-line/data room (45m²), Off-line room (50m²) Other client offices (50m²) Ship’s offices (25m²) Conference room (15m²) Enclosed ROV Hangar w/workshops ROV transformer room NAVIGATION AND RADIO COMMUNICATION Equipment according to GMDSS regulations, Area A3 Two radars, Three Gyro Compasses Auto pilot, DGPS Electronic Chart system (ECDIS) Calling, Command, Teleph.System +CCTV DYNAMIC POSITIONING SYSTEM Dynamic Positioning System (AUTR/DP II) 1 Acoustic pos. units + one optional 2 DGPS 2 wind sensors 2 x MRUs SAFETY EQUIPMENT Fast Rescue Craft (FRC) According to SOLAS for the specified class and number of crew

GSP Prince, expected this September in Constanta

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