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Subsea NE Launch Event 27 th June 2006

Subsea NE Launch Event 27 th June 2006. BEL VALVES Richard Dodd Managing Director. Capability & Business Focus - Group. Privately Owned 3 rd Generation Family Business British Engines Limited (BEL) Established 1922 Employees of 969 World Wide Group Turnover circa £80m

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Subsea NE Launch Event 27 th June 2006

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  1. Subsea NE Launch Event27th June 2006

  2. BEL VALVESRichard DoddManaging Director

  3. Capability & Business Focus - Group • Privately Owned 3rd Generation Family Business • British Engines Limited (BEL) • Established 1922 • Employees of 969 World Wide • Group Turnover circa £80m • Pre-1950 Sub-Contract Machining • Post-1950 Strong Product Focus - Valves, Pumps, Glands • Value Added Engineering, Manufactured in House • Niche Products & Markets with Ownership of Design • Investors In People – Stability of Workforce • Apprentice Intake 15 to 18 per year – 4 Year Programme • Health, Safety & Environment – Culture Driven / Focus

  4. BRITISH ENGINES INDIA

  5. Company History – BEL Valves • Formed in 1950 to Support ICI Teeside • Diversified from PetroChem to Oil & Gas – mid 70s • Employees of 358 World Wide • Turnover, £44m • Main Focus Offshore and Subsea Valves – 50/50 • Supply of Complete Package of Valve, Actuator, Controls • Marketing, Design, Manufacture, Commissioning & Maintenance • Core Values – Customer Intimacy & Product Leadership

  6. Capability & Business Focus • Complete Package of Valve, Actuator, Controls • Through Conduit Slab & Expanding Gate Valves • Subsea Ball Valves • Swing, Piston Check & Globe Valves • Key Applications • High Pressure (5,000psi to 15,000psi) • Sour Service (Exotic Materials – Inconels) • From Wellhead up to Separators / Scrubbers • Manifolds, HIPPS, ESD, Receivers, Metering, Chemical Injection • Worldwide Customer Base • Operators to Contractors to SPS Providers to Installers. • Key Markets – North Sea, Deepwater West Africa & Caspian

  7. Recent Key Projects

  8. Recent Key Projects (cont) • And UK (25%): • ChevronTexaco Captain C • CNR Brenda, Lyell • Kerr McGee Dunbarton, Affleck • Shell Gannet, Merganser, Pierce, Starling, Howe II • BG Atlantic/Cromarty, Maria • PetroCanda Pict • ConocoPhillips Callanish/Brodgar • Tallisman Tweedsmuir • BP Farragon, Rhum • And ............

  9. Capability & Business Focus - Valves • Investment in New Plant and Equipment – BEL Valves • Total Investment: £2.6m (2004) & £1.7m (2005) • Total Planned Investment £1.4m (2006) • Doubled Machining and A&T Capacity in 3 Years • Capacity Increase in Manpower of 35% • The Oil & Industry is busy (+2011?) • Both through UK supply • & EU Labour Support - the UK market is saturated! • Business Process Re-Engineering • Implementation of New Business System • Agile and Lean Manufacturing – “Business Excellence” • Aligned Material Suppliers – UK & Abroad

  10. Company Status and Future Plans • Attain Profitable Growth through Integration (Up & Across) • Requires Investment in Facilities. • Requires Investment in Business Excellence – People & Processes • Focus on New Markets - Gas Storage & Nuclear. • Retain Technology and Product Lead • HIPPS Systems – Subsea & Topside • Deepwater • HP – 20000 psi • Regional Support • Training and Education • Skilled Labour Pool – Both Staff & Works. • Product Technology Development support • Growth & Expansion – Support.

  11. 5 Minute Q & A Thank You. Richard Dodd rd@bel.co.uk +44 191 265 9091

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