SSUK SPRINGBOARD 18.09.18

Archimedes Principle

Any fluid applies a buoyant force to

an object that is immersed in it.

Buoyant force =

Weight of fluid displaced

FB = W Fluid

1m3 water has a mass of

1000 kg or 1 Tonne

AMBIENT LIFTER

Lifts 5Te in 3m of water

AMBIENT LIFTER

250m3 coil of pipe lifts

220 Tonnes

No vessel crane

Cheaper vessels

No waiting on weather,

so fewer vessel days

OLYMPIC SPOOLBASE

Picture of olympic spoolbaseHow spoolbase works

Current Industry Challenges:

• High vessel costs

• Limited global spoolbase capacity

• Restricted spoolbase access due to concentration of spoolbase ownership

• Lack of site availability and sustainability at ports for existing linear spoolbase

configurations

• Lay vessels spending more than 80 days alongside reeling stalks of pipe, EIP

innovation can reduce this time considerably

Solution

• Patented technology system which revolutionises the method of manufacturing,

storing, loading and transpooling piping for pipe lay projects.

• Modular system for onshore fabrication and storage of pipelines which allows

long lengths of pipeline (10km +) to be stored prior to reeling.

• System allows spoolbases to be built as close to the field location as practicable,

sometimes several days sailing closer than existing spoolbases

OLYMPIC SPOOLBASE

EIP BACKGROUND

• Ecosse Subsea Systems (ESS)• Established in 1996, grew to £30m turnover, £7m EBITDA• ESS sold to Oceaneering in Mar 2018 for >£50m

• Mike Wilson - EIP Chairman and CTO• Subsea technology entrepreneur & commercialisation expert

• Ecosse IP (EIP) • Ambient Lifter® and other subsea, pipelay and renewables technologies• Provide end to end innovative technology-based subsea solutions

EIP DIRECTORS’ PROJECT TRACK RECORD