OUR PROFILE

CURRENT PROJECTS...

PROJECT 1

SEMBCORP MARINES? SUBSIDIARY JURONG SHIPYARD SECURES FPSO CONVERSION PROJECT FROM MODEC

Singapore, October 4, 2011: Jurong Shipyard, a wholly-owned subsidiary of Sembcorp Marine, has secured an approximately S$130 million project to convert the Very Large Crude Carrier (VLCC) tanker, the MV ?TAR II? (ex STAR II), to a Floating Production Storage and Offloading (FPSO) vessel for MODEC.

This conversion project involves the installation of an external turret mooring system and process facilities, which include gas turbine generators, oil separation, gas injection/gas lift and water injection system. Planned delivery to MODEC is 2Q 2013.

The FPSO is designed to operate for 20 years without dry-docking and it will have production capacity of 100,000 barrels of oil per day and a storage capacity of 1,600,000 barrels of oil.

The FPSO will be delivered to OSX Leasing B.V. for deployment in offshore Brazil, located in water depths of approximately 110 metres.

This conversion project is not expected to have any material impact on the net tangible assets and earnings per share of Sembcorp Marine for the year ending December 31, 2011.

PROJECT 2

PPL TRANSOCEAN P2033-P2036-OIL DRILLING RIGS CLASS >> 400

Rigs are unique to our competitors in a sense that it is a completely in-house developed proprietary product, not adapted from other older designs. The design of this rig incorporates efficient construction methodology interfaced for optimum construction methodology from the start. This enables PPL shipyard to be configured as an efficient 'manufacturing plant' to generate rigs with consistency across all construction processes and quality, enabling unparalleled efficacy in the use of limited land area.

Many facilities in the shipyard were also customized to cater to the rig construction process generating time and cost savings. This approach is replicated across the other shipyards in the group to deliver optimal construction output.

PROJECT 3

SIEMENS TO SUPPLY TOPSIDE SOLUTIONS FOR FPSO CIDADE DE ITAJAI

Siemens To supply Topside Solutions for FPSO Cidade de itajai Siemens Energy has been awarded several contracts for the supply of topside solutions inculding power generation, water injection and power distribution packages for a Brazilian FPSO (Floating, Production, Storage and Offloading) Project.

Purchaser for the power gererators and power distribution systems is Singapore-based jurong Shipyard pte.Ltd and Wasco Through its subsidiary Gas Services International Pte Ltd for the water injection package. The FPSO is scheduled to stat operation in early summer 2012 and will produce from the Tiro and Sidon fields located in the south Santos basin off the coast of Brazil.

Jurong Shipyard hasbeen contracted by the Norwegian company teekay Petrojarl production AS to carry out the necessary modifications to the FPSO Cidade de Itajai (previously FPSO ARCII). Teekay will operate the FPSO on a contract with Petrobras. Siemens scope of tsupply for the vessal encompasses two SGT-400 power generation units, the sulfate removal unit (SRU) and an E-house.The E-house contains the medium and low-voltage switchgear units, transformers, the variable -frequency drives and the associated facilities for power management in a purpose designed, ventilated container. It weighs approximately 420 tons,is 13 meters long, 13 meters wide and 15 meters high.

The FPSO will also be equipped with water injection facilities in order to boost oil recovery from the reservoirs. Siemens will supply the key elements for this system in skid format, inculding the sulfate removal membrane, SRU feed pumps, chemical cleaning and reverse osmosis. The water injection system will be designed to handle 638 cubic meters per hour. The FPSo Cidade de Itajai will have a production capacity of 80,000 barrels/day of oil and a storage capacity of approximately 650,000 barrels.

"By supplying topside solutions for FPSOs we are reducing interfaces and can support our customers to increase reliablity in project execution and system operations," said Tom Blades, CEO of siemens Energy Oil and Gas Division.

The Siemens Energy Sector is the world's leding supplier of a complete spectrum of products, services and solutions for the generation, transmission and distribution of bower and for the extraction, Coversion and transport of oil and gas. In fiscal 2010, the Energy Sector had revenues of approximately EUR 25.5 billion and received new orders totaling more than EUR 30.1 billion and nposted a profit of more than EUR 3.3 billion. On September 30,2010 the energy sectors had a work force of more than 88,000.