Organization and Capabilities Introduction

Engineering and Technical Services

November, 2013

•  A registered Chinese company, headquartered at Shekou-Shenzhen, wholly owned by a Hong Kong registered entity.

•  Company founded by technical, and operations specialists from Oil & Gas industry with a great depth of international experience:

!  China ! Brazil ! Africa ! Russia ! GOM

•  Organization’s objectives:

i.  Complete challenging oil and gas engineering projects

ii.  Facilitate technology exchange between China and overseas technology companies

iii.  Maintain a focus on HS&E and legal or regulatory compliance

•  Partnered with industry leading firms exclusively representing their business activities within China.

Summary Introduction

•  Areas of Expertise

–  Project Management and Technical Staffing

–  Drilling Operations and Well Planning

–  Fracturing operations – design, analysis and on-site supervision

–  Completions and Artificial Lift design

–  Flow assurance and Process Modeling (Hysim and Olga)

–  Asset Integrity Management and Materials Selection

–  Operational Readiness Documentation and Commissioning Services

–  Production Chemistry and Materials Selection

•  Field Operations and Development Projects –  Application of Lessons Learned

•  24 years per consultant average experience based in China

–  Feasibility, Based on Life of Field •  What makes sense based on the actual well and reservoir history

–  Design and Integration Requirements •  From the reservoir, to well, to the production facility to export

What can we do?

Husky China •  Prepared operators documentation for the Liwan gas project (11 volumes) •  Development of deep-water Asset Integrity Management Program (Proposal Submitted) Newfield China •  Completed Flow Assurance Study – subsea pipeline design •  Developing and supporting procurement of electric submersible pumping (ESP) system,

power supply and associated equipment •  Drilling and Completions Program appraisal and verification •  Well Testing Program Development and Management •  Commissioning Management and Staff for LuFeng 7-2 platform��including

arrangement of resident visas and offshore work permits)

Roc Oil •  Materials selection and asset integrity management training program

Shell China •  Completed pre-qualification requirements for JinQiu FEED study tender

Example Projects in China

•  Multi-discipline engineering staff – mechanical, electrical, power generation

•  Asset Integrity and Inspection Specialists

•  Deepwater Production Operations Personnel

•  Technical Documentation Specialists

•  Rig Supervisors and Tool Pushers

•  Completions Engineers

•  Materials Managers

•  Drilling fluids and cementing engineers

•  HS&E

•  QC/QA Supervisors and Inspectors

•  Third Party Technical Staff

Project Positions�

Case History 3 FEED Study

•  FEED and Project Study for Perdido, Shell Gulf of Mexico –  Mudline boosting system for water depth of 2,600 meters

–  Design based on US patent authored by Profundo staff –  Production rates up to 25,000 BFPD

•  Initial Design and Functional Validation –  Identification and validation of the system to the component level

–  Key requirements for command and control structure

–  Scope of Supply

–  Qualification Plan

–  Integration Requirements

–  Factory Acceptance Testing (FAT) Requirements

–  Systems Integration Testing (SAT) Requirements

Deepwater Feed Study - Case History No. 1

Offshore Gas Project - Case History No. 2

•  Petrobras - Peroa Cangoa Gas Field –  Sub-sea well completions in water depths to 100 to 500+ meters

–  Initial 4 well design in varying water depths

–  First wet gas sub-sea umbilical pipeline within Brazil.

–  Design envelope of 0.5 to 2.3 million scm per day •  8 to 350 m3 per day of condensate

–  Completed flow assurance study –  Oversaw offshore and onshore

facility commissioning

Case History 5 FEED Study and Project Management Case History No. 3

•  FEED and Project Management Jubarte Field – Petrobras, Brazil –  Water Depth 1400 m - Deepest subsea Electric Submersible Pump completion

(2006) •  6000m Pipeline and Tie Back

•  Design Production Rate 22,000 BFPD (3500 M3FPD)

•  Sea Bed temperature 40F (4C) –  17 API Crude, Flow Assurance Challenges - Modeling

•  Well sizing and design prior to drilling operations –  Largest Horsepower system ever installed (2006) – 1200 Hp

–  Designed to be produced initially with Gas Lift (GL) then transition to ESP production

–  Interface and Project Management •  Tree Interface Design and Qualification

•  Oversight of drilling operations

•  Onsite rig supervision during completion

Case History 2 Artificial Lift Design

Exeter - Mutineer Project Design, Santos Australia, –  Water depth of 140 meters –  Step-outs up to 7 km –  Production rates 12,000 to 20,000 BFPD

•  Design of dual (redundant) ESP systems

–  Surface and down hole string design – component level

–  Scope of supply

•  Tree Interface Design and Qualification •  Command and Control Structure •  Qualification Plan •  Integration Requirements •  Factory Acceptance Testing (FAT) •  Systems Integration Testing (SIT)

Artificial Lift Design - Case History No. 4

Construction and Commissioning Case History 5

•  Olowi Project, CNR Int. – Gabon Africa

–  $1.6+ billion USD Project –  35 meters of water - oil rim/gas reservoir –  Managed construction and pipe laying –  Used ENI HLV and Bokalis pipe laying vessels –  Well tubing heat traced and also flow lines – (paraffinic crude oil) –  Contract management of FPSO and MPVs –  Managed successful commissioning of system

Addi$onal)Case)Histories)

•  Amerada Hess Oil Refinery (HOVIC - HOVENSA) – 600,000 bpd •  Processing of sour crudes and storage with tank capacities of 32,000,000 barrels •  Corrosion monitoring of crude units, lines and tankage. •  H2S scavenging process - results reduced corrosion by 92% in tankage

•  Agip (ENI) Congo – Kitina Platform – 28,000 bpd •  Development of the line cleaning and preparation procedures for export line prior to

commissioning – including batch treatment of chemicals •  Implemented asset integrity management plan and also corrosion inhibition program

•  Exxon Mobil – Kizomba Projects (Blk 15) – 485,000 bpd •  Predictive modeling of the flow characteristics in the flow lines (1300 meters water depth) •  Development of corrosion monitoring – ER and weight loss corrosion coupons, Fe+ levels etc. •  Failure analyses – ship deck on new build vessel, and also heat exchanger tubes

Offering complete staffing solutions for offshore oil and gas facilities: •  Will develop staffing plans from commissioning phase through to

ongoing operations.

•  A depth of staffing resources to fill challenging positions.

•  Management possesses extensive oil and gas deepwater operations experience.

•  Projects co-ordinated or managed by professional staff based at Shekou Shenzhen employed by a registered Chinese entity.

•  Ongoing staffing projects such as staffing a combination drilling – production rig (LuFeng 7-2) operating in the South China Sea.

•  Flexibility with respect to contracting services structure

Summary Value)Proposi$on)

•  Profundo Technologies Ltd. •  22B,Seaview Plaza, Taizi Road,

Shekou,Nanshan,District,Shenzhen, 518067 P.R.C •  +86 755 8827 1631 •  www.profundo.asia�