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MEO-Corporate-Profile_June_2015
- 1. MEO Corporate Profile Delivering Operational Excellence www.meogroup.com
- 2. 1 www.meogroup.com Business Overview MEO is a reputed and reliable provider of support vessels and project transportation solutions to the offshore oil and gas industry Headquartered in Singapore, MEO has been providing fit-for-purpose assets and consistently reliable services since the 1970s Operations in SEA, Middle East and Australia, expanding into Latin America, Africa and India Blue Chip customer base; trusted by the worlds biggest oil companies Demonstrated track record of operational and safety excellence Dependable, cost-effective operator of complex and specialised vessels Diverse fleet of young and versatile vessels operating across all phases of the offshore oil and gas cycle Employer of choice; dedication to retaining and developing the best talent in the industry (over 1,500 employees, offshore and onshore) Strong balance sheet and cash generation supported by robust contract backlog; proven ability to weather cyclical downturns Core Segments Specialised OSVs Highly specialised vessels performing complex services Applications / User Industries General Purpose OSVs Crewboats Barges Near Shore Vessels Wide ranging applications across the entire upstream offshore oil and gas cycle Transportation of personnel and critical supplies, supporting offshore production Carrying material for offshore development and civil construction projects Multifunctional vessels involved in near shore marine activity eg. dredging and port development Projects (Express Offshore Solutions) Project orientated business unit, working with EPCs. Manager of barge and AHT fleet.
- 3. 2 www.meogroup.com Global Fleet Supported by Local Infrastructure Superior services have cemented long-standing relationships with numerous oil companies and service providers Relationships enhanced through investment in support infrastructure which helps to minimize downtime and enhance fleet reliability Indonesia Thailand Saudi Arabia United Arab Emirates Australia Middle East 30% of Total Fleet South East Asia 62% of Total Fleet Australia 6% of Total Fleet Singapore Qatar Malaysia Support centers Regional Offices Training CentersVessels Operating Brunei Mexico Mexico 2% of Total Fleet
- 4. 3 www.meogroup.com MISSION MEOs mission is to deliver safe, fit-for-purpose, cost effective service solutions to our customers, provide predictable and attractive returns to our shareholders, ensure a safe, engaging and fulfilling workplace for our employees, and benefit, economically, socially and environmentally, the communities we are working with and in. VISION Preferred provider of significant value to our customers, shareholders, employees and the communities that we work with and in Operations in SEA, ME, Australia, Africa, Latin America Operational and Service Excellence in four verticals : Crewboats, General Purpose OSVs, Specialised OSVs & Projects By 2020, MEO will be one of the top 7 offshore vessel service companies in the world, by fleet size, revenue, profit and reach. This means : Zero LTI , TRIR < 0.2Exemplary HSQE Safety Record CORE VALUES we will not, by action or inaction, allow anyone or anything to come to harm Safety we will never engage in any action that will not stand the test of scrutiny and time Integrity Diversity Excellence Passion we will not discriminate; every employee / contractor will be judged only on merit and performance we will always strive to do the best we can; and then do even better the next time around we will engage with and commit to what we do, seeing the services we provide as a calling and not a burden Mission, Vision and Core Values
- 5. 4 www.meogroup.com MONITORING WHAT? Safety Efficiency Reliability HOW? Expectations Accountability Leadership Systems & Processes Internal Compliance Assurance (FOTC) Audits and Scorecard System WHERE? Crewing Technical Supply Chain Management HSQEOps OnBoard Sound shipboard management and procedures compliance Sound recruitment, Training and Retention Sound Planned Maintenance System, Docking Programs and Inspections Sound Procurement, Critical spares maintenances and Inventory Control Sound BBS, Hazob, PTW, JSA and SWA system OPERATIONAL EXCELLENCE EXPLAINED Our Vision is realised through Operational Excellence
- 6. 5 www.meogroup.com Very robust systems embedded in MEOs culture: Top core value- Safety is a KPI for every employee Dedicated HSQE team, stationed locally within each of its operating regions Senior Management actively engages with crews and contractors on a regular basis Stop Work card system empowers all employees to stop work that they deem to be unsafe Dedicated training centre's and personnel that provide crew and staff with critical skills to enhance their safety and operational performance Constantly shaping new and innovative campaigns to improve and deliver sustainable safe operations 0 0.2 0.4 0.6 0.8 1 2011 2012 2013 2014 TRIFR - MEO vs Industry Averages (200,000 Man Hrs) Safety - Our Highest Priority MEO has an industry leading Health and Safety track record, consistently outperforming the industry LTIR and TRIFR benchmarks IOGP and IADC statistics for 2014 have not been published at time of printing
- 7. 6 www.meogroup.com Our young fleet is well utilised, reliable and ready to meet the needs of our customers 3.3 7.0 8.2 6.7 0 1 2 3 4 5 6 7 8 9 Specialised OSVs General Purpose OSVs Crew Boats Barges Young and Versatile Fleet Overall average age of the fleet is 7.6 years, well below industry averages As at date for the average age calculations
- 8. 7 www.meogroup.com All crew attend a minimum of 3 days of training per year, with strict passing criteria 3 training centres located in Thailand, Indonesia and UAE Equipped with back deck areas, housing, cranes, swing rope simulators for practical exercises as well as offshore bridge simulators for ship handling and passage planning training Curriculum comprises of combination of: Classroom instruction Backdeck and practical training Key Modules Key onboard operations Anchor Handling & Towing familiarisation Job Risk Assessment Notable incidents review Stop Work Authority Poseidon Planned Maintenance Incident reporting and investigation procedure Ship stability, Fire Fighting Equipment and Life Saving Appliances use and maintenance Swing rope Simulation Back deck operations Cargo and Crane Operations Shiphandling using Offshore Bridge Stimulator Life raft instructions Cargo lashing Ship Stability Navigation techniques and Passage planning Emergency Escape Training. MEOs training centres provide our crew with critical training to enhance their safety and operational performance Trained and Motivated Crew
- 9. 8 www.meogroup.com Our diverse fleet of OSVs includes: Specialised OSVs DP2 Subsea Support Vessels DP2 AHTS DP2 PSV DP2 Diving Support Vessels General Purpose OSVs AHTS / AHT PSV Accommodation Work Barges & Workboats Seismic Support Vessels Multi Purpose Offshore Terminal Tugs MPSV Utility Vessels Our Fleet - Offshore Support Vessels
- 10. 9 www.meogroup.com Our Fleet - Crew / Utility Boats Largest and most reputed crewboat operator in South East Asia and Middle East Fleet utilised in passenger and cargo transfers, seismic operations and security operations Operational bases carrying elaborate spare parts to support maintenance intensive fleet 79* vessels with seating capacity up to 120 seats and speeds up to 28 knots Innovative designs * As of April 2015
- 11. 10 www.meogroup.com Diverse range of equipment to support your offshore / near-shore construction projects and transportation needs Strong project management team to provide logistics solutions for our clients Our Fleet - Barges and Near Shore Vessels
- 12. 11 www.meogroup.com Express Offshore Solutions Main point of contact for all EPC requirements Manager of MEO Barge and AHT fleet Lumpsum Project Cargo Transportation Multi Vessel Project Support World wide coverage Project logistic and marine equipment consultancy Projects - Express Offshore Solutions
- 13. 12 www.meogroup.com Our Blue Chip Clientele
- 14. 13 www.meogroup.com Our Accreditations and Affiliations Recognition from our Customers Multiple Chevron Awards for Operational Excellence Multiple awards for incident and injury free operations Multiple awards for outstanding Stop Work Authority Multiple awards for Best Behavior Based Safety (BBS) Multiple awards for Best Hazard Observation (HAZOBS) SEACARE Awards Half- Million Man-hours Zero LTI SSHE Role Model Marine Vessel Commendation Valour Award CUEL Board of Directors HES Award 1 Million Man-hours Zero LTI Our Accreditations and Awards Workplace Health and Safety Management System Winner UNIEXPRESS 19 PTTEP Thailand 2014 Q4 Best Performing Vessel MV Cermat Brunei Shell Petroleum 2014 2014 Best Performance Vessel Express 3 Express 2 2012- 20132012 6 Million Man-hours for Offshore Operations Without Work Incident For Captain & Crew Fugro Solstice 20092010- 2011 2009- 2011 Recognition of MV Fugro Solstice Miclyn Constructor 1 Magellan 1
- 15. 14 www.meogroup.com Young and versatile fleet World class safety statistics Diversified product offering Dedicated management team Proven Operational Excellence Infrastructure to support fleet operations Strong execution capability Summary