ROMPETROL DRILLING & WORKOVER 2010

Rompetrol Drilling & Workover Division (RDW) is a member of: International Association of Drilling Contractors (IADC) since 1985 Romanian Association of Drilling Contractors (RADC). RDW, implemented an integrated management system for quality assurance, environmental protection and HSE, according to ISO 9001-2008, ISO 14001-2004 and OHSAS 18001-2007.

Services Portfolio Drilling oil, gas and water wells. Well completion and workover. Running casing and tubing strings. Mudlogging services. Mud engineering and consultancy for drilling and workover. Refurbishing and maintenance of rigs. Equipment and tools rental. Pumping, testing operations and water wells sand cleaning. Rig management. Manpower provider.

Brief History Over 35 years of experience in providing cost effective, expert labor and professional services to the international oil and gas industry. Over 550 wells drilled in Syria, Algeria, Egypt, Iraq, Jordan, Libya, Sudan, Greece. Over 210 workovered wells in Libya. Mudlogging services in Holland, Tunisia, Moldova, Denmark, Hungary, Bulgaria, Libya, Offshore Black Sea, Romania. Consultancy for drilling and workover in Algeria, Iraq, Jordan, Greece, Ecuador, India, Libya. Consultancy for mudlogging in Kazakhstan, Senegal, United Kingdom, Sudan, Armenia.

Drilling and Workover Achievements Clients and Partners SONATRACH , Algeria GENERAL PETROLEUM CO, Egypt IRAQ NATIONAL OIL COMPANY SYRIAN PETROLEUM CO SOUTH OIL CO. , Iraq NATURAL RESOURCES AUTHORITY, Jordan REPSOL OIL OPERATIONS, Libya KUWAIT OIL CO PETROLEUM PRODUCTION & UTILIZATION PROJECT, Sudan HELLENIC PETROLEUM, Greece DATALOG TECHNOLOGY LTD., North Sea LASMO GRAND MAGHREB, Libya VEBA OIL OPERATIONS, Libya BOSNA-S OIL SERVICES, Libya PETROPRODUCCION, Ecuador YPC, Yemen ONGC, India

Locations TRIPOLI Headquarters KREMCO K160 Rig AWBARI Base & TW 125 Rig

Drilling & Workover Assets Description Depth Maximum Hook Load Manufacturer Present location Work over Drilling   m tons FA - 25 350 20 UPET Romania- 1985 Libya KREMCO 100 3,650 2,000 100 National Oilwell - DRECO - CANADA - 1998 KREMCO 160 6,000 2,500 160 National Oilwell - DRECO - CANADA - 1997 TW 125 - CA - A6 4,800  2,200 125 UPET Romania – 2005 - 2006 WILSON 42 B 500 157 WILSON - USA Ecuador COOPER 550 LTO 150 COOPER - USA - 1989 Offshore Mudlogging Unit 1 unit Datalog Technology Romania Onshore 2 units Romania and abroad

Drilling equipment capabilities Description Depth Maximum Hook Load Work over Drilling   m tons FA - 25 350 20 KREMCO 100 3,650 2,000 100 KREMCO 160 6,000 2,500 160 TW 125 - CA - A6 4,800  2,200 125 WILSON 42 B 500 157 COOPER 550 LTO 150 Kremco 100 Kremco 160 TW 125 – CA – A 6

Mudlogging equipment capabilities Drilling parameters Monitoring User configurable displays User configurable screen plots User configurable charts Database Reporting Automatic time and depth databases User configurable logs Export to remote QLOG databases ASCII export to 3rd party databases Real time monitoring and historical record of over 300 parameters All rig parameters and functions Hydraulics Trip monitoring Pore pressure Geological parameters such as normalized gas LWD-MWD Data importing

Mudlogging screen

Denomination of project/ contract Operations and work experience Item Denomination of project/ contract Client Completion period 1 Drilling 2 wells with one F – 320 – 3 DH rig, maximum depth 5,000 m. SYRIAN PETROLEUM CO. Damascus-SYRIA 1975 - 1977 2 Drilling 180 onshore oil wells with10 (ten) F –320 – 3 DH rigs, maximum depth 5,000 m. SONATRACH - Algiers, ALGERIA 1976 - 1984 3 Drilling 22 onshore oil wells with one F –320 – 3 DH rig, maximum depth 3,500 m GENERAL PETROLEUM CO. Cairo - EGYPT 1981 - 1987 4 Drilling onshore oil wells with 4 (four) F –200 – 2 DH rigs, maximum depth 2,500 m IRAQ NATIONAL OIL CO. Baghdad - IRAQ and NORTH OIL COMPANY - Kirkuk - IRAQ 1982 - 1990 5 Drilling onshore oil wells with 2 (two) F –320 – 3 DH rigs (maximum depth 5,000 m) and work over services with 2 (two) F – 100 – DH rigs SOUTH OIL CO. Basrah - IRAQ

Denomination of project/ contract Operations and work experience – cont’d Item Denomination of project/ contract Client Completion period 6 Drilling works with two F200 – 2 DH rigs DEP GREECE 1976 - 1982 1986 - 1990 7 Drilling works with one F - 125 rig 1982 - 1984 8 Mud logging operations with one DATALOG mud logging unit NATIONAL WORKOVER AND DRILLING CO Tripoli, LIBYA 1996 9 Association contract for carrying out work over operations in Ecuador with 3 work over rigs GEOPETSA S.A., Quito, ECUADOR 1996 – until now 10 Mud logging operations in Holland with one mud logging unit type DATALOG DATALOG Technology Ltd. UK 11 Mud logging operations in Moldova 12 Mudlogging operations in DENMARK with one mudlogging unit type DATALOG. DATALOG Technology Ltd., UK October 1998 January 2002

Denomination of project/ contract Operations and work experience – cont’d Item Denomination of project/ contract Client Completion period 13 Drilling 3 water source wells & 2 exploratory wells with KREMCO K160 rig, with the depth range of 1,200 m to 1830 m. REPSOL OIL OPERATION, Tripoli, LIBYA Dec.24, 2000 – Sept.30, 2001 14 Drilling 3 water wells & worked over 2 water wells with KREMCO K 160 rig, with the depth of 600 m. LASMO GRAND MAGHREB LTD., Tripoli, LIBYA April 21, 2002 – June 21, 2002 15 Drilling & completion of ground beds for cathodic protection system, 5 wells with FA 25 rig, with depth of 230 m. BOSNA - S OIL SERVICES Co., Tripoli, LIBYA 2002 16 Work over services performed with KREMCO K 100 rig with depth of 2,150 m. REPSOL OIL OPERATIONS, January 24, 2002 In progress 17 Drilling of 6 water wells with T 50 rig, with maximum depth of 600 m. TASHRIKIAT EL YANABIA, Tripoli, LIBYA Started in December 2001 – May 2003 18 Work over services performed with KREMCO K 160 at wells with total depth of 4,500 – 5,000 m VEBA OIL OPERATIONS, Tripoli, LIBYA Started in 28 February 2003; 19 Running casing services, as Baker Oil Tools Subcontractor Repsol Oil Operations & REMSA Started in November 2005;

Denomination of project/ contract Operations and work experience – cont’d Item Denomination of project/ contract Client Completion period 20 Mudlogging services with Rompetrol’s unit STERLING RESOURCES, UK 2005 21 EXXOIL, Tunisia 22 Mudlogging services with Rompetrol’s unit TOREADOR RESOURCES CORPORATION, USA 2006, now in progress 23 Manpower Consultancy Agreement to provide Data Engineers and Mudloggers on Saturn Jack Up DATALOG Technology Ltd. UK 2005-2008 24 Mudlogging services with own units OMV Petrom; Ascent Resources; 2008-now in progress

Quality Policy Statement For the achievement of the goals and objectives, established through the contract and the company status, DRILLING & WORKOVER DIVISION management aims to consolidate the leader position in performing drilling & work over services and other special operations at the oil, gas and water wells and also as a reliable partner for its traditional clients from the country and from abroad. In this meaning, we aim to act for: Anticipation and fulfilment of the client’s requirements, as well as overcoming their expectations each time. Permanent improvement of the working way in order to deliver the best products and services, fast and with efficient costs compared to those of our competitors. For that matter we promote a quality policy that aims: Process management, focusing on results and permanent improvement, with accent on the client-supplier relationship. Measuring and monitoring the satisfaction degree of our clients, regarding the products/services that we give, thus being always prepared to act towards the increasing of their satisfaction.

Strengths Strong relationship with our customers. Highly professional, competent and motivated staff. Perform quality drilling, workover and oilfield services at competitive prices. Sustainable policy of investments to upgrade the rigs and related equipment. ISO 9001, ISO 14001 and OHSAS 18001 certification.

Future Plans To continue and develop the relationship with the traditional clients, making efforts to continuously improve our performance; To earn new clients through our excellent performance, quality and safe services; To upgrade our fleet with new rigs, in order to satisfy the market demands.