GIORGIO DREDGING LTD. CORPORATE PROFILE

Dredging Limited

Dredging Limited

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GIORGIO DREDGING LIMITED REGISTRATION NUMBER RC 237512 COMPANY ADDRESS 10, PARK LANE APAPA, LAGOS, NIGERIA, WEST-AFRICA. E-MAIL info@giorgiodredging.com giorgiodredging@icloud.com SOLE COMPANY REPRESENTATIVE BENJAMIN OZOADIBE MD / CEO 080-2223-1792

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TABLE OF CONTENT

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INTRODUCTORY PICTORIAL

1

GIORGIO INFORMATION

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OVERVIEW Corporate Interest in Oil and Gas Dredging Parts Stock Dredger Assembling Dry-Docking Metal-Concrete Sheet Piling Dredging Process Personnel Duties and Responsibilties Key Personnel

4 - 26

TECHNICAL COMPETENCE Profile on Italdraghe S.p.A. Experience and Track Record Nigerian (Local) Content

27 - 34

RESOURCES Dredging Equipment and Technical Data

35 - 42

PICTORIALS

43 - 52

OVERVIEW

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IORGIO DREDGING LIMITED is an indigenous service company engaged in the design, maintenance and construction of oil & gas infrastructure, with experience spread across various areas of civil, electrical and mechanical works. The company was incorporated in 1994 with a view to providing low cost but effective dredging services to various high net-worth corporate concerns. Its operational base and corporate headquarters is in Lagos but has since established presence in the Niger Delta areas of Port Harcourt and Warri. The young company established a reputation of low cost but highly efficient service delivery to the admiration of existing major competitors in the industry.

Corporate concerns where associate services have been provided include: The Petroleum Special Trust Fund (PTF), Chevron Nigeria Limited, The Shell Petroleum Development Company of Nigeria Limited (SPDC), The Nigerian Agip Oil Company (NAOC), Daewoo Nigeria Limited, Saipem Constructing, Ports & Terminal Maintenance Services Limited (PTML), Capital Oil & Gas Limited and other Oil producing companies and their multi- national service providers. The feat achieved in all these years have positioned Giorgio Dredging as a reputable and highly efficient company to beat in the marine, oil and Gas engineering works.

CORPORATE INTEREST IN OIL AND GAS ACTIVITIES GIORGIO DREDGING LIMITED's corporate interest in Oil and Gas construction activities started when several other contracting firms servicing the sector requested for its services to enable them meet up with their contractual requirements and deadlines. The services offered by GIORGIO DREDGING LIMITED were well acclaimed to be excellent by the clients.

Consequently, management decided to expand our operational base and bring the services at more affordable rates directly to the end users. An indigenous engineering design cum construction and maintenance company well equipped to satisfactorily execute major projects in the area of mechanical, civil engineering and associated fields in the oil industr y, GIORGIO DREDGING LIMITED has the wherewithal to effectively deliver oilfield projects.

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ACTIVITIES

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1.

Dredging a) Channelization b) Land Reclamation c) Stock pilling d) River Crossing e) Sweeping of Sea Bed, Water ways and canals.

2.

Crude oil and product storage tanks construction and Maintenance.

3.

Mechanical fabrication (platforms, etc.) and other marine works.

4.

Oil and gas process pipe work and facilities (swamp/ land).

5.

Civil and structural engineering work.

6.

Associated electrical and instrument work.

7.

Design and Project management Services

8.

Electrical Power Generation and Transmission works.

9.

Oil and gas pipelines and flow lines construction (swamp/land).

10.

Construction of Jetties/ Canals

11.

Shore Protection

12.

Erosion Control

13.

Environmental Impact Assessment (EIA)

14.

Ecological Consultancy

15.

Ecological Protection Project.

16.

Mineral Exploration ( including Hydrocarbons) using Deep Vision Technology

DREDGER PARTS STOCK

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DREDGER ASSEMBLING

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DRY DOCKING Dry docking of our dredgerrs at our Yard at Tedi Village

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METALCONCRETE SHEET PILING

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PERSONNEL DUTIES AND RESPONSIBILITIES

DREDGING PROCESS

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Reclamation of 34 hecters of land and stockpiling 1,000,000 m3 of sand for a client. ms BENOZ INTERCONTINENTAL CO. LTD/CCECC for construction of Orile-Mile 2 to Badagry road.

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GIORGIO DREDGING LIMITED is set up and managed by a bunch of highly experienced personnel with vast industry knowledge, to operate in accordance with internationally acceptable standards and practices in order to provide competitive, versatile and reputable service in the industry.

GIORGIO DREDGING LIMITED has a pedigree working in the Niger Delta region of Nigeria and has achieved a public relation mileage of reaching out and identifying with people in remote locations of its operations.

In order to be able to handle extra ordinarily large projects in the area of major construction and maintenance, GIORGIO DREDGING LIMITED has gone into partnership with world leaders in marine equipment construction. One of such giants with technical support is Italdraghe S.p.A. of Italy. The aim is to harness joint resources to provide excellent services in all facets of oilfield and general industry services.

PROJECT TEAM STRUCTURE The project team is made up of both expatriate and Nigerians with extensive experience and capacity to carry out works and other projects in Oil and Gas facility designs, procurement and construction.

Each project has a project team structure in line with job requirements.

The Project Co-ordinator is in charge of the overall project. Directly next to him is the Project Manager. Under the project Manager, there are various teams, each with a supervisor as the head. Each Project Supervisor heads a full team which includes: Foreman, Quality Assurance / Quality Control (QQ/QC) Officer, Cash Officer, Welders, Fitters, Riggers, Surveyors, Specialist Supervisors, Dredge Masters, Mechanics, Electricians, Operators, Drivers, and other personnel that may be needed for the construction and commissioning stages. The Project Manager reports to the project coordinator.

GDL has a pool of highly skilled personnel made up as follows: 1.

Total number of Nigerian (local) staff:

170

2.

Total number of expatriate staff:

5

3.

Total number of entire staff:

175

Additional workers are normally recruited to suit the level of each project workforce requirement.

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PERSONEL DUTIES &

RESPONSIBILITIES

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THE MANAGING DIRECTOR: The Managing Director is charged with the following responsibilities, among which include: - Approving articulated HSE policy for the company in accordance with industry standards.

- Evolving new policies while updating the existing ones in line with client's requirements.

- Ensuring prompt budgetary approvals without delay - Proving both financial and material resources for the management of HSE affairs.

- Championing site audits for enhanced performance and taking effective control against laxity and inefficiency.

- Establishing a viable communication system in such a way as to be accessible to the least worker and, or give fair hearing to the needs and problems of his workers.

PROJECT CO-ORDINATOR: To co-ordinate all project works in all the sites.

- To participate in the general planning and execution of the project.

- To liaise with client and statutory bodies.

- To carryout the job of HSE audits.

- To ensure issuance of PPE. - To participate in the investigation of accidents.

- To develop implementation plans and follow-up procedures.

- To ensure that company HSE policy is strictly adhered to.

- To co-ordinate all instructions and give directives in areas where necessary.

- - To audit site HSE Management in response to established Hazard Management system.

- To be in attendance in -all site HSE meetings and persuade line management to respond to areas of needs.

- To draft company quality assurance policy and ensure materials and work meet required Standard.

PROJECT MANAGER: -

Conduct daily toolbox briefings at the site.

Preside over site HSE meetings.

See to the day-to-day execution of the project.

Lead role in organizing site safety audit.

Conduct regular site HSE inspections and monitor safe work practices.

Enforce the use of PPE at the site.

Investigate accidents together with the site HSE Officer.

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HSE MANAGER -

Champions daily tool box meetings and ensure documentation.

Monitors and ensure compliance with HSE procedures.

Is involved in the development of corporate HSE policies.

Make requisition for provision of all HSE wears, ensures that site HSE Officers issue them to workers and keep records.

Reviews HSE performance with management.

Keeps statistics and records of safety performances.

Leads the site drive to promote HSE awareness and accident prevention plans.

Participates in the investigation of accidents, near misses, LTI etc. and record same.

Carries out hazards management audits.

Be directly responsible to the Managing Director.

Liaises with the Project and Site Engineers to establish Health, Safety, Security and Environmental training needs.

Liaises with client HSE department for updating information on overall safety.

Maintains a regular up-date of Hazard Management forms and registers and forwards copies to client Project Engineer for the project.

Develops safety procedures and guides for specific activities and communicates same to line Supervisors.

Carries out scheduled and unscheduled site safety inspections.

Plays an advisory role in Community Affairs and record proceedings and agreements.

Represents the company in all HSE matters.

Monitors all safety and security progresses on site and makes recommendations to line Management.

Educates workers on required HSE procedure of work.

SAFETY SUPERVISOR: He shall: - In conjunction with Project Engineer, and HSE SUPERVISOR conduct daily tool box meetings - Be responsible to the HSE MANAGER. - The HSE SUPERVISOR may direct carries out assignments or duties as.

- Records the minutes of Site HSE meetings.

- Publicizes and conducts all HSE meetings.

- Joins in regular site inspection and submits reports to HSE MANAGER. - Is in charge of statistics of safety materials brought to the site, as well as the disbursement.

- Advises site management on emergency situations.

- Manages hazards on site.

- Reports and records all hazards observed on site and see to their close up.

- Is directly responsible to the safety operation of his site.

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LOCAL CONTENT MANAGER : - Handle all Public Relations duties including Community Affairs.

- Educate company and community workers on Company Policies and Nigerian Oil and Gas Industry Content Development Act of 2010.

Further enlightenment campaign against destruction of company work materials.

- Liaise with client's CRO at all times to settle community issues.

- Participate in the definition of the project policies and planning And execution - Co-ordinate all procurement activities such as purchasing, expediting etc.

- Establish the project procurement procedures and programme.

- Co-ordinate forwarding of requisition bids, bid appraisal and purchase orders release by the Project Manager.

- Responsible for all in-country procurement, recruitment, including development of a systematic plan towards enhancement of capacity and capabilities through the deliberate utilization of Nigerian human, material resources and services in all company operations.

FOREMAN / SUPERVISOR: -

Participates in conducting daily tool box meetings on site.

Educates workers on the safety requirements for their job.

Ensures that workers comply with HSE procedure.

Caries out audits in their work sites.

Participates in the investigation of accidents.

Reports any unsafe acts tot he site HSE Officer at all times.

Ensures that workers comply with all site safety regulations including the use of PPE. Supervises and monitors regular house keeping in their areas of supervision.

MARINE ENGINERS/ DREDGE MASTERS / OPERATORS / DRIVERS -

Adhere strictly to all directives during operations.

Attend all safety meetings and talks.

Take part in safety drills.

Communicate all unsafe acts and conditions as observed to site management.

Report all accidents including near misses to the site HSE Officer or immediate Supervisor.

Avoid poor jobs and use of defective tools.

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KEY PERSONNEL The key personnel involved in projects execution have vast experience in dredging in the Oil and Gas industry as well as in various Constructions and Fabrication works.

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BENJAMIN OZOADIBE

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MR. BENJAMIN OZOADIBE

Managing Director

Mr. Benjamin Ozoadibe is the Managing Director / CEO of Giorgio Dredging Company Limited. He is a man with vision powered by unconquerable impulse to break new grounds and cross-new frontiers. Little wonder that in 1994, he diversified from his successful large-scale importation of various heavy-duty plants, equipment and machinery spare parts to other concerns. He is a very successful businessman. The success achieved in business propelled him into the virgin field of oil and gas infrastructure, which is yet to be fully exploited by local indigenous firms. Mr. Ozoadibe is extensively vast in the operation and maintenance of equipment and has wide international connections, which cuts across Europe and America. He uses his vast experience to meet up with other challenges posed by the fast growing company. He has provided services for a wide range of clients in major corporations and government parastatals. He is the chief motivator and chief client liaison officer and his skills are invaluable in executing any project. Today Giorgio Dredging is a success story due largely to his vision and dynamic leadership. Mr. Ozoadibe has good knowledge of the English and Italian business environment. He is happily married with children.

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SAMUEL OKOSUN

General Manager, Marketing / Corporate Affairs

Mr. Samuel Okosun holds a Masters Degree in Business Administration ( MBA) from the Ambrose Ali University, Ekpoma and a Higher National Diploma (HND) {Upper Credit} from the Ogun State Polytechnic, Abeokuta. Upon graduation in 1995, Mr. Samuel Okosun did his National Youth Service Corp in Lagos with the then National Oil & Chemical Marketing Company Plc. (NOLCHEM), where he was retained after a meritorious service year. He was soon after assigned to several positions in different departments and was exposed to various challenges. With the privatisation of the down stream sector and the subsequent acquisition and change of identity from NOLCHEM to CONOIL PLC., by Conpetrol Limited, which was the core investor, Mr. Samuel Okosun became one of the few surviving staff that were retained to nurture and revitalize the nascent corporation. He has since then held several positions amongst which were Lubricants Sales Superintendent, Lagos, Area Business Manager, Ibadan and Head, Commercial & Industrial (C&I) Business, Benin, a position he held before joining Giorgio Dredging Limited as the General Manager, Marketing / Corporate Affairs. A native of the Esan Speaking tribe of Edo State, Mr. Samuel Okosun is happily married with one lovely daughter. His vast experience over the years is an asset to Giorgio Dredging Limited in its quest to re-defining customers' service in the industry.

ENGR. L. MARTYNS

Project Co-ordinator

Engr. L. Martyns is a Civil Engineer and graduate of the University of Lagos. Upon graduation, L. Martyns did his National Youth Service Corp in Maiduguri, Borno State where he was assigned to the State's Ministry of Works. During this period, he was exposed to various Civil Engineering works. He has successfully supervised the execution of various borehole projects, piling works and shoreline protection works.

L. Martyns was employed in July 1981 by Westminster Dredging Nigeria as a superintendent. He held this position for two years during which period he was assigned to the various departments, After his internship as a trainee Operations Superintendent, L. Martyns was given various appointments over the years to become Contracts Agent (Manager) in 1993 and was transferred to Port Harcourt office as the Area Representative till year 2001 when he joined Giorgio Dredging Limited as a Project Manager. While in Westminster Dredging, L. Martyns supervised various dredging and other Civil Engineering contracts from beginning to completion. Mr. L. Martyns, has attended various project management courses both at home and abroad.

VICTOR OGO MBA (Esq.) - Local Content Manager / Head Human Resources Mr. VICTOR OGO MBA, Esq. holds both bachelor and master degrees in laws from the famous University of Lagos (UNILAG). He was called to the Nigeria Bar in 1998. After a while in Legal Practice, he moved into the corporate world. He was the 1st Nigerian staff of the Hyundai Group in Nigeria. He developed vast business contracts for Hyundai in the areas of steel manufacturing, ship and other marine parts design and fabrication (FPSO), equipment repair and overhaul, Pipeline and Tank Farms (Bonny terminal Integrated Project BTIP, Forcados Integrated Projects among other projects. In Hyundai Group he was the Company Secretary and Group Deputy General Manager Business Development. He was in Germaine Auto Group as the AGM Monitoring and Administration. He joined Giorgio Dredging in March 2004 and has been working as the Company Secretary and Head, Human Resources. He puts the company well informed in the policy and implementation of the Nigerian Oil and Gas Industry Content Development Act of 2010.

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ENGR. FRANK ALIO - Project Manager Frank Alio holds a B. Tech in Surveying from the University of Science and Technology, Port Harcourt. He also holds a Higher National Diploma (HND) in Surveying from the Federal Polytechnic Nekede, Owerri. He has over 28 years of post graduate experience in oil and gas industry. He is currently the project manager for Giorgio Dredging Limited. Prior to joining Giorgio, he worked with the Trans Niger Dredging & Marine Limited for one year as the Project Manager. He was responsible for the supervision and management of daily activities as they relate to major civil, structural and other dredging assignments ranging from location preparation and road construction amongst others. He also had six years working experience with Foby Engineering as Chief Surveyor and later as a Project Manager. Between 1994 and 1998, he was the Senior Surveyor for Lansar Group. At Giorgio Dredging Limited, Alio is responsible for the day-to-day execution of the projects. He also conducts regular site HSE inspections and monitors safe work practices while organizing various safety audits. He has headed various offshore and swamp operations for Giorgio Dredging Limited. Frank Alio is a member, Nigerian Institute of Surveyors and holds certificate in Project Management.

EJIOFOR C. SIMON - Head, Civil / Structural Designs & Construction Mr. Ejiofor Simon is currently the head of civil / Structural Designs and construction projects. Simon got his Bachelor in Engineering (Civil/Structure) from University of Benin in 1986 and Masters in Engineering (Geotechnical/Foundation) from University of Lagos in 1989. He got his Masters in Business Administration from University of Ibadan in 1999. On graduation he worked with Strabag Nigeria Construction Limited where he gained experience in the field of Highway, Construction/ Maintenance and Structural Engineering works. He has been involved in the dualization of various Highways and rehabilitation of major Nigerian roads. Simon has worked for over six years with Ove Arap and Partners Consulting Engineers where he was in charge of design, construction, supervisions and maintenance of facilities, geotechnical investigations and reports for SPDC swamp locations. He later joined Costain (West Africa), a building construction company where he acquired immense practical experience in construction management. Simon is a versatile civil Engineer with varied experience in shore protection and piling works among others.

MR. ONWUNYIRIGBO CHUDI

Asset and Maintenance Manager

Engr. Onwunyirigbo attended Dennis Memorial Grammer School ( D. M. G. S), Onitsha and passed out in 1976 He obtained H N D with Higher Credit in Mechanical Engineering from the Institute of Management Technology (I M T) Enugu in 1981.

Chudi further obtained a Post Graduate Diploma (P.G.D) in Mechanical Engineering from ASUTECH in 1980, and passed all the papers of the Nigerian Society of Engineers' Graduateship Examination in 1989. He further obtained an M.Sc in Mechanical Engineering from University of Port Harcourt in 1996 and an M. B. A (Master in Business Administration with emphasis in Marketing), from the Rivers State University of Science and Technology, Port Harcourt in 1996. As a pupil engineer, he started off with NEPA in 1982 and left as a Principal Engineer after serving at various power stations for 8 years. He joined Michelin Nigeria Limited, Port Harcourt, as manager in charge of Utilities/Energy/Fluids in 1990. He left Michelin to assume the position of general manager (projects) at Rotating Equipment Engineering Limited, Port Harcourt until November, 2000 to take up appointment with Giorgio Dredging Limited as Assets/Maintenance Manager. Engr.

Onwunyirigbo Chudi is a member of Nigeria Society of Engineers, Nigerian Institute of Management and COREN. 25

GIOVANNI DEL GESSO (Italian) - Technical Support Contract (QA/QC) Manager Mr. Giovanni Del Gesso has over 35 years experience in vast areas of field engineering works in the Oil and Gas sector. His experience spans from Oil and gas pipeline systems, material selection and maintenance of heavy-duty equipment and several other similar projects in the chemical and oil industry in Europe, Africa and Latin America. He is presently the Technical Support Manager for Giorgio Dredging Limited, responsible for the company's Quality Assurance and Quality Control (QA/QC)

CLAUDIO TROIANO (Italian)

Technical Support Contract Manager, Training and

Business Development Mr. Claudio Troiano has over 18 years experience in the dredging and Oil & Gas sectors. While with Italdraghe, he was responsible for the ground-breaking achievement of the company in East Africa and middle East. He was seconded to Giorgio Dredging by our technical partners, ITALDRAGHE OF ITALY. He is the Manager, training and Business Development. It is his responsibility to see to it that Giorgio Dredging Staff acquire professional competence in line with the dynamics in the industry. He also organizes workshops, seminars and exchange programmes within and outside the country.

E. C. ANIEDOZIE

Head, Finance & Accounts.

He is a fellow of the Instituted of Chartered Accountants. His working experience spans over 20 years in various sectors of the economy both in Nigeria and abroad. Mr. Aniedozie started his working career with Servotomoic Gas Limited, Wolver Hampton, England, as Project Cost Accountant. He has also worked for different organizations at various times. These includes Eaton (Yale) Limited Wolver Hampton as Cost Accountant, Automotive Products Limited Leamington S.p.A., Italy as Internal Auditor, Pfizer Product Plc, Ikeja as Group Internal Auditor, Onigbobo Cement Company as Finance Controller, Aero-maritime Nig. Limited as Group Chief Accountant.

ROWLAND OLUSOLA AKANLE – HSE Manager.

Mr. Rowland O. Akanle graduated from Petroleum Training Institute Effurun Warri Delta State Nigeria in 2003 with HND Industrial Safety and Engineering Technology. After some years work in the oil and gas industry, he obtained certificates in Control of International Work Place Hazard (NEBOSH) and International Health and safety Practical Application (NEBOSH) in 2009. In 2010 he obtained International General Certificate (NEBOSH). He also has certificates in First Aid, Journey Management, Fire Fighting, Hearts and Mind Training, HUET etc. Before joining Giorgio Dredging Limited in 2013 he has worked for Geodetic Positioning Services Ltd, Survicom Services Nig. Ltd as HSE coordinator respectively. Rowland is a member of Nigerian Safety Association (NSA), NEBOSH and IOSH. He is the company's key personnel in HSES Plan formulation, review, implementation and monitoring.

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TECHNICAL COMPETENCE

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GIORGIO DREDGING LIMITED has extensive experience and capacity to carry out dredging and other projects in oil and gas facility designs, procurement and construction. We have a Joint Venture Agreement with Italdraghe S.p.A. of Italy, (our technical partners) and a world class company that has continued to acquire more dredging experience both in the temperate and tropical regions.

PROFILE ON ITALDRAGHE S.p.A. Developed from a small shipyard originally founded back in the early 1950s, Italdraghe S.p.A. was established in 1968 to deliver first class services in Construction, Dredging and other major engineering endeavours. Its operational base in San Giovanni, Marignano (RN), Italy, spans across an area of approximately 15,000 square meters and include the Industrial Ship Building Section, Mechanical Workshops, Technical Design Offices and a Spare Parts Ware House.

Italdraghe S.p.A. is a well known giant all over the world and its activities includes amongst others: Dredging.

Hiring of Dredgers, Dredging Systems Equipment and Boosters.

Management of In-Water Quarries.

Cleaning of Deep artificial Hydro-Electro Basins.

Construction of Roads.

Construction of vessels, Tug Boats, Construction of Cutter Suction and Delivery Dredgers.

Real Estate Development.

The rotational design of its dredgers ensures easy handiness, low operating cost, and various possibilities of use for the extraction of solid minerals. They all have the RINA Certificate of Classification which is a mark of quality and trustworthiness. Also, its complete range of Bow Thrusters from 25 to 40 HP. Provides one with varieties in the choice of models for tube installation or external attachments while its modern design of vessels are ever ready and rugged to stand the test of time.

Perhaps, the strength of Italdraghe S.p.A. lies in its technical dept well harnessed by a team of seasoned Management Team interwoven in the web of highly professional and dedicated work force. Little wonder therefore that its presence is firmly rooted in African countries such as Uganda, Zaire and our own dear country Nigeria but to mention a few.

With a sound financial footing and well tested and reliable sets of equipment, Italdraghe S.p.A. is more than willing and able to face all challenges. While it has invested heavily in real estate development in some African countries as mentioned above, the company is still capable and possesses the financial wherewithal to undertake capital intensive projects in a secured an investment friendly economy like Nigeria's.

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EXPERIENCE AND TRACK RECORD GIORGIO DREDGING LIMITED has been engaged in providing engineering and construction, supervision and project management services for land and swamp Oil / Gas projects. Its experience ranges from providing consultancy services to undertaking turnkey contracts.

Shown below are some of the recent projects executed by GIORGIO DREDGING LIMITED.

SUMMARY OF PROJECTS AT A GLANCE DESCRIPTION OF WORK

CLIENT

STATUS

Channelisation, Reclamation and Stockpile of Sand

Lekki Free Trade Zone

about to commence

Capital and Maintenance Dredging contract for 3 years

SPDC Nig. Ltd

on going

Reclamation/Sand filling, Channelization and shore protection of Egolima District (about 2.3million m3 of sand required)

New Festac Property Development Company Ltd.

on going

Deepening, Sweeping, Channelization and stockpiling of Sand at Capital Oil Jetty in Ibafon.

Capital Oil & Gas Ind. Ltd., Ibafon, Apapa / Oshodi Exp. Way., Lagos

on going

Lagos -Badagry land Road Project. Stockpiling of Sand for Road project

CCECC

Phases 1&2 completed.

Phase 3 on going

Reclamation of 34 hectare of land at Tedi Lagos.

2.5 million cubic of sand Survey, piling & pile Caps Capital OIl & Gas Plc, Apapa Express Way Ibafon Lagos Development of infrastructures, roads, culverts and drains at Osborne phase II Lagos 29

WALLAOZO Ltd. Chelsea Hotel Building, Ikoyi Capital Oil & Gas

Fed. Min. of Housing and Urban development, Abuja

Completed 2014 Completed 2013 Completed 2010

Completed 2008

DESCRIPTION OF WORK

CLIENT

STATUS

Channalization, sweeping of access canal for Shell Pet.Development Co. Ltd Eastern Area.

Port Harcourt

SPDC, Contract ceiling of over 2 years

Completed 2008

Sweeping and Deeping of tin-can wharf/shore protection

Ports and Terminal Management Limited (PTML)

Completed 2007

Case Piles driving for Jetty

Intergrated Oil and Gas Limited

Completed 2007

Development of infrastructures, roads, culverts and drains at phase III Enugu

Fed. Min. of Housing and Urban development, Abuja

Completed 2007

Sweeping and deepening of Tin-can Wharf, Apapa Lagos for Port Terminal Management LTD (PTML)

Port Terminal Management LTD (PTML)

Completed 2007

Sweeping and deepening of opposite Apapa main wharf Apapa Lagos for Global Recourses Management Limited (GLOBAL)

Global Recourses Management Limited (GLOBAL)

Completed March, 2006.

Channalization, sweeping of access canal for Shell Petro.

Port Harcourt

SHELL PORT HARCOURT

Completed Nov. 2004

Tank Farm, Ibafon- Apapa Lagos

ASCON Oil Limited

Completed 2004

Channelisation, sand fill and reclamation of land for Chevron Drive Lekki Lagos

Chevron

Competed 2004

Channelisation, erosion control for sandfill of MTN Base Station at Mile2 Apapa- Oshodi Exp. Way.

MTN/ Grinaker LTA Nig Ltd.

Completed Oct. 2004

TWO years running contract for the Clearing, Dredging and sounding(Warri Area)

CHEVRON NIG LTD

Completed 2001(FEB) 30

DESCRIPTION OF WORK

CLIENT

STATUS

Benikrukru access canal, sweeping and land reclamation

CHEVRON NIG LTD ($711,000)

Completed 1999

Construction of Gas Pipelines at Agbara/Ota

DEC OIL & GAS LIMITED

Dredging of River/Creek Crossings and Installation of Major River Crossings & Canalization

Daewoo Nigeria Limited.

Completed.

Sweeping and channelization of Julius Berger Nig Plc. Ijora jetties Lagos

Julius Berger Nigeria PLC

Completed 1998

Blasting and painting of barges, houseboats, tug boats and other marine equipment for IMBROSENT Eng. Co LTD

IMBROSENT Engineering Co. Ltd. Lagos.

In Progress

Channelization, installation of pipeline, river crossing and dredging contract along ogun River for Saipem Contracting Ltd

SAIPEM contracting (Nig) Ltd on behalf of Nig Gas company.

Completed 1997

Dredging of lower Niger River from Koton-Karfi bridge to Baro (over 8,000,000m3)

Petroleum (Special) Trust Fund

Completed mobilisation of two No. Suction Cutter Dredgers.

Delay due to EIA issue being encountered by client.

Pipeline crossing and repair works at Okrika Jetty(River state)- 1 KM

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NNPC / IPCO Martelli

Completed.

Completed 1997

Sweeping of the DamPontecianale, shore Line protection and sheat piling.

Torino-Italy

ENEL

Completed 1997 (executed by our Technical partners.)

Reclamation and stockpiling at Ikorodu-Lagos(500,000m3) (N85,000,000)

IMBROSENT Engineering LTD.

Completed 1996

DESCRIPTION OF WORK

CLIENT

STATUS

Reclamation and stockpiling at Abule-Osun, opposite Trade Fair Complex-Badagry express-way-Lagos (750,000m3)

IMBROSENT LTD

Completed 1996

Keonokpo A Location Preparation Reclamation, sweeping of seabeds/displacement of mud and stockpiling at Ikorodu project jetties Lagos.

Rock Dredging, Sand dredging, Soil compaction, Bridge construction and Pipe laying at

The Nigerian Agip Oil Company.

NNPC/FUNG-TAI Engineering company Ltd. (N68,000,000)

Battalia

Completed Completed 1995

Completed 1995 ( executed by our technical Partners. Our crew was there as observers)

Tusis Camamen

Continous dredging of sand and Silt from the creek 50km upstream-Inga Kinshasha

Zaire National Electric Corporation

Sweeping of Port, Clearing of Electric Power Plant Site, blasting and painting of crude oil storage tanks, River bed crossing, Shore Protection & construction of two a new Jetties at MOCA- southern Yemen

ANSALDOR National Electric

Completed 1995 ( executed by our technical Partners. Our crew was there as observers)

Completed 1994 ( executed by our technical Partners. Our crew was there as observers)

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NIGERIAN (LOCAL) CONTENT Giorgio Dredging limited has since inception invested heavily in Nigeria. These investments are both in human resources development, equipments, jetty and corporate office and infrastructure etc. Our Polices and Plans are carefully developed, implemented, reviewed, so as to exceed maximum local content requirement in line with Nigerian Oil and Gas Industry Content Development Act, 2010.

The company management is guided by the following set targets in the execution of any project DESCRIPTION (NIGERIAN CONTENT)

% OF OVERALL PROJECT

PERSONNEL

95%

EQUIPMENT / FACILITY

70%

MATERIALS / CONSUMABLES

85%

SUB - CONTRACTS AND SERVICES

25%

PERSONNEL TRAINING AND DEVELOPMENT

10 %

All these are done to maximize the quantum of composite value added to or created in the Nigerian economy by a systematic development of in country capacities and capabilities.

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DREDGING EQUIPMENT TECHNICAL DATA

The dredging equipment engaged by Giorgio Dredging Limited in the execution of major projects are distinguished by carefully selected names with some sentimental

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CHUBYKE -

Overall Length Length Width Construction height Medium draft Total rated power Displacement Main pump power Auxiliary Engine power Winch Power and service Fuel tank capacity Hydraulic oil tank capacity Suction pipe diameter Delivery pipe diameter Mixture production

-

Class R.I. Na. Solid production

m 56,22 m 44,86 m9 m 1.98 m 1.00 hp. 2450 ton 190 Cummins hp. 1850/1200 rpm Cummins hp. 440/2000rpm hp. 94 m 60m3 Ltr. 1400 mm. 700 mm. 600 4500 m3/h with solid Percentage Medium of 25% - 35% 1000 m3

36

EMMANUEL Model: Year of Make:

37

SGT 600 1996

-

Overall length Length above water Width Construction height Medium draft Total rated power Displacement Dredging pump power Cutter Power Winch power and service Fuel tank capacity Hydraulic oil tank capacity Suction pipe diameter Delivery pipe diameter Standard dredging dept at Mixture production

-

Class R.I. Na. Solid medium production

m 56 m 56 m 8,20 m 3,00 m1,00 hp. 2623 (Kw 1912) ton 190 hp. 2135 (Kw 1580) hp. 250 (Kw 184) hp. 84 (Kw 59) m3 30 Ltr. 1200 mm 700 mm 600 60 m.16 4500 m3/h with solid Percentage medium of 20%-30% 100 m3

CHIMA Model: Year of Make:

SGT 500 D 2009

Overall length with spud carriage and ladder raised Waterline length with spud carriage Width Central body construction height Side pontoon construction height Average draught Total installed power Dredging pump power Cutter power Diesel fuel tanks Suction pipe diameter Discharge pipe diameter Max. dredging depth Max. water/sand mix production

44.40 m approx.

37.40 m “ 7.50 m �

2.50 m 1.80 m 1.00 m 2.100 hp 1.600 hp 230 hp 10 c.m.

550 mm 500 mm 15.00 m 3,900 c.m.

38

CATHERINA Model: Year of Make:

SGT 600 D 2009

- Overall length - Length above water - Width - Main pontoon construction height - Side pontoons construction height - Medium draft - Dredge pump power - Power for cutter drive - Fuel tank capacity - Hydraulic oil tank capacity - Suction pipe diameter - Delivery pipe diameter - Dredging depth - R.I.Na. Statement

39

m 50,00 circa m 39,00 “ m 8,16 m 3,00 m 2,00 m 1,10 HP 2.035 HP 300 m3 2x15 1.000 Ltrs mm 700 mm 600 m 16

MAGDALENE -

Overall Length Length Width Construction height Medium draft Total rated power Displacement Dredging pump power Auxiliary Engine power Winch Power and service Fuel tank capacity Hydraulic oil tank capacity Suction pipe diameter Delivery pipe diameter Mixture production

-

Class R.I. Na. Solid production Dredging dept Engine type

m 339.64 m 30.13 m 6.06 m 1.98 m .85 hp. 2450 ton 190 hp. 946/1800 - hp/rpm hp. 180/1800 - hp/rpm hp. 94 m 60m3 Ltr. 1400 mm. 450mm mm. 400mm 4500 m3/h with solid Percentage Medium of 25% - 35% 1000 m3 18mtr KTA 38m 40

MIMI (TUG BOAT) -

41

Cummins Engine Double Screw 600 H.P. Main Engine 30 KVA Generator 15 Ton Winch

E.D. KABIR (TUG BOAT) -

Cummins Engine Double Screw 600 H.P. Main Engine 30 KVA Generator 15 Ton Winch

42

PICTORIALS

43

Ogun River crossing for NGC gas line pipes for SAIPEM

Dredging in progress

44

45

Dredging in action

Some of our Excavator

Excavators in action 46

Swamp Buggie

Dredger’s Pump

Dredgers’ Engine Room 47

Inspectoors of Regional Centre for Bioenterprises fromt Sagbama, Bayelsa State, inspecting our Land Reclamation at Orile.

Reclamation and Construction project of new PTML Port Lagos for GRIMALDI Vessels

48

New Tug boats released from the port prior to assembling “MIMI�

49

Road reclamation in swampy area before actual road construction

Work in progress

Tugboat E.D. KABIR being transported by road to our Jetty for assembling

Our MD and some technical partners during dredger assembling

CHIMA DREDGER being launched into water for operaton after assembling her at work site.

Reclamation of land and stockpiling of sand.

New Tug Boats released from the port prior to assembling “MIMI�

50

Sand stockpiling and our sand sales outlet at our Ajah sand depot

51

Construction of access road and primary/secondary drains for ministry of housing and urban development in Osborne Estate

52

Dredging Limited