GS OILTOOLS PRESENTATION

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1 GS OILTOOLS PRESENTATION

2 Information Established January 6, Full operation from April 1, Offices & Moseidveien 1, Forus West, Stavanger Houston Oil Tools Co, Purchasing office/company, Houston, Texas, USA Engineering and back-office in Manila, Philippines, GS Oilfield Solutions Ltd Co GS Oiltools AS has established quality system in accordance with ISO GS Oiltools AS is registered with Achilles Joint Qualification (ID 28384). GS Oiltools AS is subscribing to NS1 and NS2 standards

3 GS Oil & Gas UK Machining, Aberdeen & Leeds GS Technologies AS Houston Oil Tools, TX, USA GS Oilfield Solutions Co Ltd, Manila, Philippines GS Rental Tools AS GS Oiltools Service and Maintenance Workshop

4 The organization Stian Krag General Manager Kenneth Jelsa Office Manager Leif Neverdahl Business Development Manager Geir Magne Johnsen Operation & HSEQ Manager Øistein Tømte Group Marketing Director Jansson & Larsen AS Finance Anna Marie Agullo Admin Support Paula Xenia Andres General Manager, Manila, Philippines Denard M. Calapatia Design Engineer, Manila, Philippines

5 Who we are: Stian Krag General Manager Has over 27 years extensive management experience in the international oil and gas industry, and during the past 15 years specialized in developing businesses and markets within the international oil industry including Europe, USA, the Middle and Far East. Geir Magne Johnsen Operations Manager Geir Magne has over 18years of wireline services experience. He was previously the wireline field supervisor for Seawell in the North Sea. Geir Magne has extensive technical, hands-on knowledge of wireline operations and equipment. His field experience and knowledge enables him to provide technical and operational advice, as well as designing training specifically for our customers. Øistein Tømte Group Marketing Director Øistein has over 22 years of marketing and sales experience. He was one of the founders of Oil Information AS Oilinfo. Later he started working for Fluid Control Group and Roxel Group as a Sales and Marketing Director. Leif Neverdahl Business Development Manager Leif has over 27 years experience in the oil and gas industry. He was previously the supervisor for contracts and purchasing in Baker Hughes. This experience includes domestic and international purchasing and sales of manufacturing, service, maintenance, rental of equipment and project management. Leif has hands-on knowledge of pressure pumping (cementing, completion, etc) and coil tubing operations and equipment. Paula Xenia Andres General Manager Worked as Product Engineering Specialist with nine (9) years of experience in Oil and Gas Drilling Industry. Extensive expertise in Product and Process Development, Drilling Specification Analysis and Contract / Tender Reviews.

6 Customers

7 Agencies

8 GS Products

9 Manufacturing in Norway Steel Mill Local agent/rep UK importer Boring Heat treatment UK Stockist Norwegian Stockist Machine shop Customer

10 Manufacturing the GS way Steel mill TKMF Machining UK GS Oiltools Customer

11 Standard NS-1 documentation

12 Drilling GS TEST STAND FOR ALL DRILL STEM VALVES KELLY VALVES IBOP s SPECIFIACTIONS: MAKE & BREAK NOT REQUIRED (SOFT SEAL) ALL DRILL STEM CONNECTORS SIDE OUTLET WORKING PRESSURE PSI DESIGN TEST PRESSURE PSI API 6A API SPECIFICATION 7 14th EDITION

13 Swivel Sub

14 Well intervention

15 Varg A 2013 GS Smart Deployment System and Downhole lubricator valve Group: D&W Wells: 15/12 A-03 B, A-12 E and A-01 B Team: Varg Field Rig: Varg A/Rowan Stavanger (Simops) Lubricator valve (LV) objectives: To run long toolstrings without use of rig (limited rig up height under the rig) LV as drop protection function for the DHSV Reduce cost Main challenges: First TENAS job with LV and use of drop table Results The operation was carried out without any HSE incidents Successfully perforated 313 m MD (tractor conveyed) Efficient rig-up and good working environment

16 Varg A 2013 GS Smart Deployment System and Downhole lubricator valve Value to Talisman A-03 B perforation zone 225 m MD (tractor conveyed) Estimated Cost without LV: Rig activity: 9 runs/6 days = 32 MNOK Simops/Standalone: 35 runs/20 days = 6 MNOK/16 MNOK Estimated Cost with LV: Rig activity: 32 MNOK Simops/Standalone: 9 runs/9 days = 3 MNOK (simops) 8 MNOK (standalone) 11 days saved compared to conventional operation Use of LV reduces the WL mast height (operate the WL mast in higher wind speed)

17 Varg A 2013 GS Smart Deployment System and Downhole lubricator valve

18 Stockist of drilling equipment Drill Collars from TKMF Drill Stem Subs Kelly Valves Pup Joints Slips Spare parts

19 Sourcing Drill stem equipment such as drill pipe, HWDP, Drill Collars, X-over subs, bit subs, stabilizers, saver subs, Kelly Cocks, Inside BOP, etc. Rig floor handling equipment, partnered with authorized NOV, Weatherford, Klepo and Con-Tech Thread Protector stocking distributor Chicksans, flow line equipment, bit breakers, protectors, etc. Wireline tools and pressure control equipment Coil Tubing tools BOP s, gate valves, safety heads

20 Rental Downhole drilling equipment (Drill Pipe, Collars, Heavy Weight Drill Pipe, subs, Stabilizers, Hole Openers, Jars, Casing Scrapers, Roller Reamers, etc.) Handling equipment (Elevators, Slips, Tongs, etc) Downhole Wireline Tools Pressure Control Equipment Flowline equipment (Chicksan equipment, valves, chokes, flow meters, etc) Downhole pressure and temperature gauges Wash pipe and accessories Drilling: Vetco Type "E" 10M PSI WP Wellhead Connectors, Vetco Type E x F 15M PSI WP Wellhead Connectors, Vetco Test Stumps for Connectors, CIW Type 18-3/4" 10M PSI WP Model 70 Connectors, CIW Type 18-3/4" 10M PSI WP Model HC Connectors, CIW Test Stumps for Connectors, DR- 1 Ball Joints, API Clamps & Hubs ( Various Sizes ), API Test / Blind Flanges & Hubs ( Various Sizes ) GS also can provide spare parts, repairs and remanufacturing services for the above equipment.

21 Service and Maintenance 24/7 machining, both repair and manufacturing Service, maintenance and repair of drilling and handling equipment Ram BOP Preventers - Repair & Re Certification Annular Type BOP Preventers - Repair & Re Certification Surface and Sub Sea Valves - Repair & Re-Certification Riser - Inspection / Repair and Re Certification Drilling Connectors - Inspection / Repair & Re Certification Coiled Tubing & Wireline Equip Repair/Re Certification SKAGIT MOORING EQUIPMENT / REPAIR FIELD SUPPORT : LAND AND OFFSHORE ( GLOBAL ), Welding/ Service Engineers / Inspection / NDT and PMI No task is too small, No task is too large

22 GS GIVES BACK CHARITY Cooperation with local ministry. Main Coordinator : Ana Oliver San Pedro, Laguna Province Feeding Program : children every Saturday 9am 11am MLA time

23 GS OILTOOLS PRESENTATION

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