Parker Drilling Company – Calik Enerji Company Turkmenistan Presentation

Parker Drilling Vision Statement HSE Commitment Statement We aspire to be the industry leader, providing innovative drilling and rental tool services in our strategic markets by exceeding the expectations of our customers, shareholders, and employees. HSE Commitment Statement We aspire to be the safest oil service company in the world. ISO 9001:2002 Registered Quality Management System

HSE Commitment Parker Drilling’s HSE Record “People are the most valuable resource the company has, so keeping them safe remains a top priority.” Committed to maintaining the safest work environment in the industry TRIR (Total Recordable Incidence Rate) Parker Drilling vs. IADC Member Average

Rig Locations Russia Kazakhstan Sakhalin Gulf of Mexico China Colombia Papua New Guinea Dubai Nigeria Kuwait Peru Chad Indonesia Bolivia Rig Key Land Platform Jackup Project Barge Management New Zealand

Russian Federation - Major Activity Rig 236 – TotalFinaElf Conoco Polar Lights Rig 230 – Komi Arctic Oil Xavier – Labor Contract White Nights ENL - Yastreb SEIC – Labor Contract

Russian Federation Business dealings in Russia since 1991 Representative offices in: Moscow Yuzhno-Sakhalinsk Nizhnevartovsk Usinsk Nenets Autonomous Okrug

Russian Federation ExxonMobil Neftegaz Ltd., 2002 Design and Construction of Drilling Rig and Camp (Sakhalin Island) Operations and Management Contract. Currently rigging up on Sakhalin Island TotalFinaElf, 2000 to present Provision of Drilling Rig and Camp in Khariaga (Nenets). Currently Drilling Tyumen Oil Company (TNK), 2001 to present Joint venture formed to operate and manage TNK-owned drilling rigs, mobile equipment, and support services. Currently negotiating Y2003 work scope

Kazakhstan and Turkmenistan – Major Activity Russia Karachaganak Tengiz Kazakhstan Aral Sea Azer. Caspian Sea Uzbekistan Korpedje China Turkmenistan Iran

Kazakhstan KPO – Drilling and Workover Rigs (SaiPar), Karachaganak, 2000 to present AgipKCO – Barge Rig North Caspian Sea, Kashagan, 1999 to present Tengizchevroil – Drilling and Workover Rigs, Labor Contract, Drilling Base Management, 1993 to present Offices in: Almaty Aksai Tengiz Atyrau

Turkmenistan Current Operations 2003 – Calik Enerji – Korpedje Field Commencing operations with 2 rigs and related services Fiftieth country where Parker has performed drilling operations

Utilization of Local Infrastructure Parker philosophy on the value of local content Local personnel Local services Cooperation with local firms

Personnel Development Plan HSE Training Permit to work training Job safety analysis training Incident identification and analysis Safety in Motion training

Personnel Development Plan HSE Training DuPont STOP Basic and advanced first aid Fire fighting Fire team training H2S survival

Personnel Development Plan Technical Skills Training BOPE testing and maintenance English language / Local Language Basic rig math Preventative maintenance Bits and bottomhole assemblies Downhole tools and tests

Personnel Development Plan Technical Skills Training Stuck pipe Drill string management Mud conditioning equipment Well control (WellCap and IWCF)

Rig 230 Drawworks – Continental Emsco D-3 Mast – Continental Emsco 800,000 lb 142ft Pumps – Continental Emsco FB-1300 (2ea) Power – Caterpillar D-399 diesel generators and Ross Hill Model 1400 SCR System Mud Plant – 1200 bbl active with Derrick shale shakers, desilter and desander Well Control Equipment – 21-1/4” 2,000 psi and 13-5/8” 10,000 psi

Rig 247 Drawworks – Gardner Denver Model 1100E Mast – Pyramid 1.3 million lb 142ft Pumps – Gardner Denver PZ-10 1300 hp (2ea) Power – Caterpillar D-399 diesel generators and Ross Hill Model 1400 SCR System Mud Plant – 1400 bbl active with Derrick shale shakers, desilter and desander Well Control Equipment – 21-1/4” 2,000 psi and 13-5/8” 10,000 psi

Parker / Calik – Goal in Turkmenistan We intend to utilize our hard won knowledge of the drilling business to bear on the projects in Turkmenistan as our desire is to work long and successfully in Turkmenistan and to be a productive part of the Turkmenistan oil & gas industry.