Business Transformation Through Continuous Innovation October 2014 Al Mersah Chairman’s Message ﺍﻟﻣﺭﺳـﺎﺓ َ As our organization continues to progress and transform the business through continuous innovation, we have maintained a position at the helm of success, with bright growth prospects in the foreseeable future. The signing of new project agreements this month are a testament to our capabilities and position us as the yard of choice. Drydocks World’s strategic location, excellent infrastructure, modern port facilities and shipyard services have enabled our organization to win prominent maritime contracts and have developed us into a truly global maritime industry player. In delivering Turret Module 4 load-out this month and in completing major rig refurbishments and repairs, our stringent standards of excellence were maintained for optimal results in all productions. Inherent in our system is a strategy of advancing steadily to surpass our success and accomplish further exponential growth. DDWMW hosted a corporate golf day to promote effective business relationships among our clients and suppliers in the marine and maritime industries, paving the way for stronger commercial linkages. Khamis Juma Buamim Chairman of Drydocks World & Maritime World I commend the dedicated employees of DDW on their steadfast commitment to performance excellence and their continued efforts in upholding the leading stature of Dubai in the maritime industry. Turret Module 4 Successful Load-Out… Page 2 Al Diyina First Steering Committee Meeting / 7 ULCC’s at Drydocks World Yard… Page 3 Anchor Employee Award Of The Month /Solan Subsea Storage Facility Lessons Learned Day… Page 4 Appreciation Extended To The Project / Solan Felicitation Meeting… Page 5 Prelude FLNG Lessons Learnt Day / HSBA & New Academy School students visit DD W… Page 6 DD W Announces Signing Ceremony To Build Wind Platform Borwin 3… Page 7 Buamim Highlights Dubai As a Leading Center For The Maritime Industry… Page 8 DDW Completes Major Repair of NDC Rig Brakah / ABB 25th Anniversary Celebration… Page 9 Gulf Craft To Invest In New Shipyard In DMC / DDW Major Repair “High Island IV”… Page 10 Drydocks World and Maritime World Host Annual Corporate Golf Day… Page 11 1 1 Business Transformation Through Continuous Innovation October 2014 Turret Module 4 Successful Load-Out On October 29th 2014 Drydocks World completed the load-out of Turret Module 4 onto the KOREX SPB No.1 vessel; the Turret Collar Structure weighs 2283 metric tons and the successful load out is a testament to Drydocks World capabilities and advanced facilities. The load out operation was performed in a truly professional manner with all Safety and Quality standards maintained which was well acknowledged by the client after the load out. Drydocks World has successfully already completed Turret modules 1, 2 & 3. Once all six Turret modules are integrated in Korea and transported to Australia, they will comprise the largest Turret Mooring System in the world, weighing over 11,000 tons. Drydocks World-Dubai is privileged to be working with SBM Offshore, Technip and Shell on such a vital element of the Prelude FLNG project. In constructing the world’s largest Turret for the global gas industry, we have maintained our rigorous quality and safety standards to mitigate all risks and hazards. With 5 million LTI-free man hours completed, this is a testament to the impeccable safety record Drydocks World maintains. 2 Business Transformation Through Continuous Innovation October 2014 Al Diyina First Steering Committee Meeting The First Steering committee meeting for Al Diyina RIAP project was held on October 22nd 2014 attended by Eng. Ali AlSuwaidi Vice President - Business Development, Commercial & Project Management at Drydocks World and project Sponsor from Drydocks World - Dubai and SVPT Mr. Mohammed Al Raeesi from NDC. Welcoming the client Mr. Eng. Ali AlSuwaidi stressed the importance to work as a team and deliver the project on time. Mr. Mohammed Al Raeesi assured the team that NDC shall share all the lessons leant from sister project Al Yassad RIAP and asked the team to conduct workshops on Engineering and Construction methodology. The DDWD project team presented Construction methodology to NDC and the preparations in progress ahead of Rig arrival in the yard. The NDC Project Director commented that “Drydocks World – Dubai’s efforts for the NDC RIAP project is very much appreciated as top management directly involved in project Preparation, Dedicated work area / dock allotted for Al Diyina and exclusive Project Office for the team.” The next meeting is planned for mid-November. 7 ULCC’s at Drydocks World yard On October 23rd 2014 Drydocks World had 7 ULCCs (ultra large crude carriers) each about 333m long and 58 or 60 m wide in our yard. 5 alongside and 2 in the Drydocks. 3 Business Transformation Through Continuous Innovation October 2014 Anchor Employee Award Of The Month (AEA) 2014 Based on the recommendation of Eng. Ali AlSuwaidi Bsc. Vice President - Business Development, Commercial & Project Management at Drydocks World, the Anchor Employee Award of the month (AEA) was created at the beginning of this year. This award is given on a monthly basis, VP Eng. Ali AlSuwaidi or Mohammed Rizal Executive Director Production & Operations at Drydocks World, go on a tour in the yard to visit the award relevant Departments, give an appreciation speech, meet the employees personally to encourage them, check on the workflow and finally award the winners of the Anchor award. This month this award was given to approx. 220 employees in order to enhance morale and business ethics. Solan Subsea Storage Facility Lessons Learned Day Drydocks World hosted a Solan Subsea Storage Facility Lessons Learned Day on October 8th 2014, during which management staff from Drydocks World and Premier Oil met to discuss the Lessons Learned from the Solan project. Appreciation and achievement awards were awarded to the Premier Oil team, with lunch and mementos to commemorate the pioneering project.. 4 Business Transformation Through Continuous Innovation October 2014 Appreciation Extended To The Project Team At Drydocks World For The Recently Completed And Installed Solan Subsea Storage Facility Premier Oil would like to thank DDW and their team for the successful fabrication, testing and delivery of the Solan Oil Storage Tank (SOST). The description of Tank belies the sophistication and complexity in fabrication, erection, testing and outfitting of the SOST. On the face of it what looked like a relatively straight forward project there was many challenges imbedded in the design, function and operation which were all made more difficult with the tight delivery schedule that was required. DDW rose to the occasion and overcame the many unique challenges which would have been outside most fabricators technical scope. The coordination of the various work types and locations, which all posed technical and safety issues, were managed to a high level of excellence, as is evident by the world class quality and safety record exhibited during the Project. As you know the Tank has now been installed successfully which is a further endorsement of your work since this installation procedure was not straight forward and relied heavily on the fabrication and outfitting scope being completed to the highest spec. Once again I would like to that the DDW Project Team for all their hard work, perseverance and expertise that was required to deliver this the SOST. Robert Irvine- Project Manager from Premier Oil Solan Felicitation Meeting The production team from DDW met with the His Excellency Khamis Juma Buamim, Chairman of Drydocks World and Maritime World and Eng. Ali AlSuwaidi Vice President Business Development, Commercial & Project Management at Drydocks World at MBC 10th floor to go over the Solan Oil Storage Facility Project Lifecycle discussing the project overview, construction cycle, challenges faced, execution, achievements, lessons learned, and interesting facts. The team deliberated over important aspects of the project and were congratulated on a job welldone. 5 Business Transformation Through Continuous Innovation October 2014 Prelude FLNG Lessons Learnt Day Representatives from Drydocks World-Dubai attended the Shell International HSSE Workshop. Within the interactive workshop new ideas relating to “Chronic unease” and “Intervention” along with lessons learned, were shared by all parties. The Prelude FLNG Turret Project celebrated achieving a combined 5 million manhours LTI free for the Drydocks World- Dubai and SBM teams. HSBA students visit Drydocks World New Academy School Field Trip The New Academy School visited Drydocks World on October 16th 2014 to learn about the Heavy Industry and Engineering opportunities in Dubai. Students received a tour of the facilities and learned about the potential for future career opportunities, while enjoying refreshments in the Majlis. Drydocks World is always pleased to educate the youth of the UAE on future opportunities and to provide them with information to meet their potential. A group of 21 students studying in Hamburg, Germany visited Drydocks World on October 9th 2014 to learn more about the maritime sector in Dubai. As part of their dual system of studies, the students combine their university program with employment experiences. The students took a tour of the Drydocks World yard and enjoyed a catered lunch in the Majlis, while learning about the innovative operations at Drydocks World. 6 6 Business Transformation Through Continuous Innovation October 2014 Drydocks World Announces Signing Ceremony To Build Wind Platform Borwin 3 Drydocks World has signed an agreement with Petrofac to build the BorWin3 high voltage direct current (HVDC) converter platform for the German North Sea. When completed, this will provide an essential renewable offshore resource to meet increasing energy demands. Drydocks World has successfully secured the contract for the fabrication, commissioning and load out of the BorWin3 platform, which will transmit electricity from the connected offshore wind farms to the mainland of Germany. Scheduled to go online in 2019, the platform will be installed nearly 100km off the German coast in the North Sea, at a water depth of approximately 40m. The Dutch-German transmission system operator TenneT ordered the HVDC link BorWin3 from a consortium comprising Petrofac and Siemens. The link will transmit approximately 900 MW of wind power, which is roughly equal to the annual electricity consumption of one million German households. Siemens will supply the complete HVDC converter technology for efficient directcurrent transmission. http://www.drydocks.gov.ae/en/news/borwin.wind.as px Buamim Participates In The 14th Mare Forum Ship Finance 2014 In Rotterdam, Netherlands His Excellency Khamis Juma Buamim, Chairman of Drydocks World and Maritime World participated in the “14th Mare Forum Ship Finance 2014” in Rotterdam, Netherlands on October 15th 2014. His Excellency was the keynote speaker with more than 240 leading executive figures from the Dutch and international maritime community participating. His Excellency delivered a speech during the panel discussion entitled “The Shipping Industry in a holistic context,” discussing geopolitical, environmental and financial aspects of the shipping industry, aswell as trade patterns and their impact on the maritime sector. Dubai and the UAE are strategic maritime destinations, offering sophisticated services that have prompted global companies to bring their business to the nation in light of the reliable expertise and efficiency provided. http://www.drydocks.gov.ae/en/news/ship.finance.aspx 7 7 Business Transformation Through Continuous Innovation October 2014 DNVGL’s 11th Annual Regional Offshore Committee Meeting The 11th annual Regional Offshore Committee meeting took place on October 23rd 2014 at the Address Hotel Marina. The Committee is a platform for the exchange of knowledge, experience and views on aspects related to offshore units in the region. This committee is charged with updating and sharing current and future challenges, market developments, new technologies, future rules and regulations within the industry. Regional Offshore Committee represent owners and senior executives of companies providing offshore services related to drilling rigs, floating production units, shipyards, consultants and designers, service suppliers etc. The Committee encourages industry debate on pressing issues and provides an active platform for discussion on developments in technology, practices and support initiatives. DNVGL’s jack up service centre in Dubai has been established to provide high value services to the rig owners and yards based on market demand. http://www.drydocks.gov.ae/en/news/dnvgl.aspx Buamim Highlights Dubai As a Leading Center For The Maritime Industry Drydocks World participated in the Offshore Jackups Middle East Conference on October 13th 2014, during which His Excellency Khamis Juma Buamim, Chairman of Drydocks World and Maritime World delivered a key note speech on Dubai as a hub for the newbuild offshore jackup rig drilling business. The Offshore Jack Ups Middle East 2014 conference brought together industry leaders to address issues correlated to potential opportunities, performance optimization and future prospects and direction within the offshore rig industry. His Excellency Khamis Juma Buamim provided crucial insights in his speech that are imperative to cultivating a strong understanding of the offshore rig market, discussing the key factors driving growth in this sector which include the improving worldwide economic conditions, increasing trade, overall oil and gas sector capacity expansion and rising global energy demands which are forecasted to increase by 1.19 million barrels per day in 2015. http://www.drydocks.gov.ae/en/news/buamim .highlights.aspx 8 8 Business Transformation Through Continuous Innovation October 2014 Drydocks World Completes Major Repair And Refurbishment of NDC Rig Brakah This month Drydocks World completed a major repair and refurbishment project for the National Drilling Company’s (NDC) offshore drilling Rig Brakah. Drydocks World has previously completed numerous successful projects for NDC, progressively increasing their strategic alliance over the years, with 4 orders received in 2014 in addition to the 8 projects previously completed. For Rig Brakah, the yard has completed a repair and refurbishment package, including structural steel renewals in 16 tanks and other locations with an approximate quantity of 60 tons as well as the blasting and painting of hull, various tanks, decks and derrick, refurbishment of accommodation, electrical cabling work, pipe replacement, major overhauling and repairs on STBD crane underwater inspection of spud cans, draw works and mud pump overhauling among various other repairs. Drydocks World has a well-established reputation in the rig repair, refit and refurbishment segment, successfully completing 135 offshore rig projects, and such extensive offshore rig experience positions Drydocks World as the qualified service provider of choice. ABB 25th Anniversary Celebration On Tuesday October 28th 2014 Eng. Ali AlSuwaidi Vice-President of Business Development, Commercial and Project Management at DDW attended ABB’s 25th Anniversary celebrations for a cruise dinner, presenting an award on behalf of DDW as a token of our appreciation and to commemorate the occasion. Eng. Ali AlSuwaidi VP delivered a speech congratulating ABB on 25 years of abundant success, highlighting the positive business relationship our companies have enjoyed in working together on projects such as the world’s largest HVDC converter platform, DolWin Beta, and in providing joint overhauling services for Turbochargers in the DDW yard. The close collaboration on these projects have integrated renewable energy initiatives to enhance energy efficiency for the future. 9 9 Business Transformation Through Continuous Innovation October 2014 Gulf Craft To Invest In New Shipyard In Dubai Maritime City To Build A Global Luxury Yacht Manufacturing Facility Dubai Maritime City (DMC), a world-class maritime cluster in the heart of Dubai, announced on October 22nd 2014 an agreement with Gulf Craft to invest in a free hold plot located within the marine district of DMC, on an area of approximately 900,000 square feet. The agreement was signed by His Excellency Khamis Juma Buamim, Chairman of Dubai Maritime City, and His Excellency Mohammed Hussein Al Shaali, Chairman of Gulf Craft. Gulf Craft plans on making a $100 million investment in developing this facility over the next five years. It will include a state-of-the-art shipyard to manufacture high-end luxury yachts as well as a service center incorporating cuttingedge, highly specialized technology for the yacht industry. Dubai Maritime City, which is located on an area of over 2.27 million square meters, has been designed to promote the interests and lifestyle of the maritime community. Supported by highly developed and sophisticated infrastructure, as well as a suitable environment for the modern life balance between work and living conditions, Dubai Maritime City offers facilities which suit a multitude of purposes such as housing, offices, entertainment and retail. Additional benefits include a central location on the seashore of Jumeirah city, near to the heart of Dubai, as well as being in the center of regional and international business and career opportunities in the field of logistics and increasing network relations. http://www.drydocks.gov.ae/en/news/dmc.gulfcr aft.aspx Drydocks World To Carry Out Major Repair On Rig “High Island IV” For Shelf Drilling Drydocks World was chosen to carry out the drydocking and repairs of the jack-up “High Island IV” for Shelf Drilling, one of the major players in the shallow water drilling market, and owners of 40 rigs worldwide. Drydocks World-Dubai has a successful past with Shelf Drilling, previously completing a variety of work on six of their rigs, ranging from Saudi Aramco specifications to major upgrades and re-activation. The contract signing for the “High Island IV” was held in Dubai Maritime City in the presence of His Excellency Khamis Juma Buamim, Chairman of Drydocks World and Maritime World, and Mr. Kurt Hoffman, Chief Operating Officer of Shelf Drilling, in addition to senior management staff from both companies. The signing of this contract exemplifies the confidence Shelf Drilling has in Drydocks World to deliver the highest standards of operational excellence, based on the proven successful previous delivery of jackup rigs with optimum cost control measurements within agreed timeline schedules, keeping safety and quality as the top priority in all of Drydocks World’s projects. The Drydocks World Rig Division has successfully delivered many projects and is working on implementing an action plan to be the regions full service destination to all offshore work requirements and engineering solutions. Drydocks World has ensured a high turnaround of rigs being repaired and delivered at the Drydocks World-Dubai yard, with 35 rigs successfully refurbished and repaired in the last 3 years, including two re-activation projects. 10 10 Business Transformation Through Continuous Innovation October 2014 Drydocks World and Maritime World Host Annual Corporate Golf Day Drydocks World and Maritime World organized a corporate golf day at Al Badia golf course on October 30th 2014. This was an informal way to thank key clients and business partners, suppliers, and staff for their support in a fun filled setting which enabled attendees to participate with great enthusiasm. The tournament was played as a pairs scramble event, followed by dinner and trophies awarded to the winners. A lucky draw awarded phenomenal prizes including air tickets, hotel stays and dinner vouchers to participants through the support of DDWMW various business partners. DDWMW is a staunch supporter of sport events and has a long history of commitment to various international and local events, including the fielding of top teams in various sporting leagues in Dubai. The Golf Day displays DDWMW’s appreciation for the loyalty and constant support extended by valued corporate clients and stakeholders and was an enjoyable opportunity to strengthen relationships. 11 11 Business Transformation Through Continuous Innovation October 2014 12 12 Business Transformation Through Continuous Innovation October 2014 Bird’s-eye View: Turret Module 4 13 13 Business Transformation Through Continuous Innovation October 2014 GOS - GENERAL ENGINERING (Turbine Compressor) New Employees Join The Drydocks World Team Drydocks World extended a warm welcome to new employees this month. We are pleased to announce that we now have Duncan Sawyer- Executive Director- Strategic Initiatives and Change, Hessa Saeed Alqemzi- Corporate Communications Officer, and Almila Celeste Gaddi- Manager Planning- Rigs, Modules & Structures joining as part of the Drydocks World team. 14 14 Business Transformation Through Continuous Innovation October 2014 We invite contribution from employees , These will be reviewed and published subject to approval by the Management Team. Please contact us on [email protected] If you have any queries. Write to us Drydocks World & Maritime P.O. Box 8988, Dubai, UAE. Email us [email protected] Visit us www.drydocks.gov.ae 15 15
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