Project Management

Oceaneering recognizes the importance of strong project management for successful completion of MOPS projects. Our goal is to meet our Customer's expectations for safety, quality, cost and schedule. Proven management techniques provide our Customers with efficient project execution and the highest caliber technical performance for even the most complex and challenging workscopes. By simplifying lines of communication, delegating authority to individuals nearest the work, and establishing a cooperative, professional project atmosphere, Oceaneering builds trust among involved parties while performing contracts quickly, safely, and to strict quality assurance requirements.

Flexible Systems and Methods

Oceaneering has developed a flexible array of project management systems and methodologies to accommodate a broad range of Customer requirements. We have performed several highly successful fast-track MOPS projects, but our systems are equally suitable for more deliberate schedules. By relying on small groups of project-seasoned professionals and applying aggressive management strategies, we have produced consistently impressive cycle times while maintaining superior responsiveness to our Customers' needs.

Oceaneering's project management style encompasses the following characteristics:

• Qualified Personnel: Oceaneering staffs project teams with industry veterans and gives them broad responsibility and authority. Their expertise facilitates successful fast-track performance on aggressive project schedules while maintaining safety, tight budget control and appropriate quality standards.
• Parallel Tasking: Fast-track execution places tasks onto simultaneous parallel tracks that are traditionally performed sequentially. In practice this means initiating procurement, fabrication and construction before engineering and design work are completed.
• Flexibility for Change: Change is inevitable and should be expected, particularly in fast-track environments. Oceaneering's project management philosophy values change as an indication of an increased understanding of project needs and an opportunity for improved performance.
• Cooperation and Trust: Oceaneering's experienced project teams and positive attitude toward change foster professionalism, trust, and mutual respect, which in turn contribute significantly to the realization of aggressive schedule objectives.

Project Team Organization

Oceaneering manages all projects through an Integrated Project Team working in close cooperation with the Customer and a variety of specialized sub-contractors. The Oceaneering Project Manager heads a team of experienced Project Engineers and support personnel and provides the Customer with a single point of contact for all administrative and management issues and critical technical decisions. This individual is given broad responsibility and is held accountable for results. The single-source accountability and close integration created by this organization bridge gaps in communication and authority, eliminating potential difficulties and delays arising from misunderstandings in project responsibilities and priorities.

The Project Manager and Project Engineers are assisted in their broad responsibilities by a corps of administrative and support personnel. Project Engineers are responsible for handling individual project workscopes, typically including system-level engineering and the direct supervision of subcontractors. An independent safety officer reporting outside the project organizational structure ensures the autonomy and integrity of project safety controls.

Project Management Systems and Procedures

Oceaneering provides its Project Team with an array of management systems designed to achieve our Customers' objectives and to maintain control of budget, schedule, quality and safety standards. The procedures and resources provided by these systems are based on state-of-the-art technologies, established industry standards, and our own experience gained during more than a decade of successful MOPS project execution. Each of these systems can be tailored to the specific needs of our Customers' project objectives.

• Schedule Maintenance: With speed and efficiency as top priorities in many of today's field development and MOPS projects, detailed and rigorous schedule management is mandatory. Oceaneering utilizes Microsoft Project or Primavera to develop realistic schedules and track tasks on critical and near-critical paths.
• Budget Development and Cost Control: Proven computerized project accounting systems allow Oceaneering to track project expenditures, measure progress toward budget objectives and monitor other budgetary developments and constraints on a near real-time basis.
• Quality Assurance: Certified to ISO 9001 Standards, Oceaneering's Quality Assurance System ensures that our Customers' technical specifications are met while supporting efficient project performance. We have consistently demonstrated in our MOPS projects that high quality is fully compatible with low costs and timely execution.
• Environmental Health and Safety (EHS): Safety is Oceaneering's Number One Priority on all jobs. We believe that all accidents and incidents are preventable and risks can be systematically reduced or eliminated. Applying this philosophy in the field, Oceaneering conducts a hazard identification and risk assessment procedure prior to commencement of each project and is guided by the results throughout project execution, mobilization, installation, startup and operations. A safety officer is assigned to each major project

The successful execution of major MOPS projects at Oceaneering is attributable in large measure to meticulous up-front planning and the establishment of realistic schedules and budgets. We have worked closely and effectively with Customer project teams to design hardware system solutions that address all project requirements and to develop execution plans that meet expectations. We are proud to have delivered as promised on each of the following MOPS projects:

FPSO Ocean Producer (Turnkey Conversion, Provision) - Amoco Production Gabon

Extended Well Test (Project Management) - Texaco North Sea UK (Captain)

Jackup MOPS Gulftide (Conversion Project Management) - UMC International

FPSO Zafiro Producer (Turnkey Conversion, Provision) - Mobil Equatorial Guiniea

FPSO Zafiro Producer (In-field Upgrade) - Mobil Equatorial Guinea

Jackup MOPS Ocean Legend (Turnkey Conversion, Provision) - Woodside (Legendre)