PETREVEN is a Drilling Contractor (established in 1998 in Venezuela). The Company, being part of the TREVI Group, has a solid background in drilling

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2 PETREVEN is a Drilling Contractor (established in 998 in Venezuela). The Company, being part of the TREVI Group, has a solid background in drilling rig engineering and management.

3 The main objective of PETREVEN is to provide drilling services in those areas where the use of our technology and expertise will be able to create increase of drilling performance, cost reduction, high safety standards and environmental protection. Our strategy is to develop a project, creating together with the Client a dedicated working team, able to design a fit for purpose drilling rig to enhance productivity and additional value to the field operations

4 PETREVEN WORLWIDE LOCATIONS ITALY Petreven Colombia G02 PETROBRAS Venezuela H200 PETRORITUPANO H30 PETRODELTA (PDVSA) Peru H07 H09 PETROBRAS 2 RIG HH220 SERIES Argentina 3 RIG HH02 SERIES H03 H04 PETROBRAS H05 H08 REPSOL-YPF H06 CHEVRON IN OPERATION RIG UP IN PROGRESS Saudi Arabia H30 H600 H60

5 RIG FLEET RIG FLEET HH02 HH220 HH300 HH600 Max Hook Load Capacity 220,000 lbs 440,000 lbs 600,000 lbs 200,000 lbs Drilling Depth 5500 ft 2000 ft 7000 ft ft Mud Pumps 2x000 HP 3x000 HP 2x600 HP 3x600 HP Top Drive Max Torque lbs/ft lbs/ft lbs/ft lbs/ft Clearance for BOP Stack 7.06 ft 7.70 ft ft ft

6 RIG FLEET PETREVEN achieved successful results in the Latin America, in term of drilling performance and safety standards, working for Major oil company. These results have allowed the constant increase of our rig fleet and the awarding of new important contracts

7 PETREVEN VENEZUELA Venezuela Operators: Petrobras, Lasmo-ENI, PDVSA Activity Oilfields: Lobo-Leona, Orocual, Concepcion, Kaki, Oritupano, Rigs: HH200 H30 Venezuela Operational Days 665 Drilled wells 09 Depth average (ft) 794,06 Total feet drilled (ft) Actual time average (days) 9.62 Construction rate (ft/day) 59,79 Moving Average (days) 3,0 Down Time (%) 4,9

8 PETREVEN PERU Perù Operator: Petrobras Activity Oilfield: Talara Rigs: H07 H09 Perù Operational Days.538 Drilled wells 209 Depth average (ft) Total feet drilled (ft) Actual time average (days) 7,25 Construction rate (ft/day) 543,2 Moving Average (days) 0,77 Down Time (%) 2,90

9 PETREVEN COLOMBIA Colombia Operator: Petrobras, Hocol, Petromar, Ecopetrol, Petrominerales Activity Oilfields: Guando, Mango, Rio Ceibas San Francisco, Antares, Lomalarga, Campo Dina Rig: G02 Colombia Operational Days Drilled wells 78 Depth average (ft) Total feet drilled (ft) Actual time average (days) 0,60 Construction rate (ft/day) 925,94 Moving Average (days),92 Down Time (%) 0,72

10 PETREVEN ARGENTINA Argentina Operators: Petrobras, Repsol-YPF, Chevron Activity Oilfields: Medanito, Senal Picada, Puesto Hernandez, El Trapial, Las Heras Rigs: H03, H04, H05, H06, H08 Argentina Operational Days Drilled wells 65 Depth average (ft) Total feet drilled (ft) Actual time average (days) 8,39 Construction rate (ft/day) 477,83 Moving Average (days) 0,92 Down Time (%) 2,94

11 Operational Days 0.84 Drilled wells Depth average (ft) PETREVEN CORPORATE STATISTICS Total feet drilled (ft) Actual time average (days) 9,73 Construction rate (ft/day) 438,57 Moving Average (days) 2 Down Time (%) 2,68

12 PETREVEN ARGENTINA R.O.P. RECORD RIG H06 December 2007 OPERATOR WELL OILFIELD HOURS FT DRILLED DEPTH R.O.P. CHEVRON ET-899 EL TRAPIAL FT/HR

13 PETREVEN ARGENTINA DRILLING RECORD RIG H03 November 2007 OPERATOR PETROBRAS WELL PH-203 Time (day) OILFIELD PUESTO HERNANDEZ 0,00 0,50,00,50 2,00 2,50 3,00 3,50 4,00 0,00 HOURS ,00 Program Petreven FT DRILLED ,00 DEPTH ROP PLANNED FT/HR Depth (ft) 500, , ,00 DRILLING AVERAGE 303 FT/DAY 3000,00 ROP REAL 25 FT/HR 3500,00 TOTAL HOURS SAVED ,00

14 PETREVEN VENEZUELA DRILLING RECORD RIG H200 May 2002 Time (day) OPERATOR PETROBRAS WELL ORM-74 OILFIELD ORITUPANO-LEONA PLANNED DEPTH 952 FT REAL DEPTH 9430 FT PLANNED DAYS 24 Depth (ft) Program Petreven REAL DAYS

15 PETREVEN COLOMBIA DRILLING RECORD RIG G02 October 2006 OPERATOR WELL OILFIELD PETROBRAS MAN-2H MANGO Time (day) Program Petreven 000 PLANNED DEPTH 4066 FT REAL DEPTH 4256 FT PLANNED DAYS 24 REAL DAYS 3.8 Depth (ft)

16 MANAGEMENT COMMITMENTS HSEQ POLITICS INCENTIVE PROGRAMS RESPONSABILITY IN OPERATIONS IMS PROCEDURES & NORMATIVES CONTINUATIVE EVALUATION GOALS OBJECTIVES PETREVEN works following strict politics to fulfill Client s expectation and at the same time to ensure the best QHSE standard to his Personnel and for the Environment close to which perform his operations HSEQ SUPPORT ANOMALIES INVESTIGATIONS INSPECTIONS AUDITORIES TRAINING to do this PETREVEN works with an Integrated Management System that allows a continuous controls and reaction when needed.

17 QHSE STATISTICS 50 Corporative Accidents type vs. working area With lost time Restricted Work M edical treatment First Aid Well site Maintenance Tanks Pumps Substructure Pipe rack Rig Floor

18 QHSE STATISTICS Various Corporative Accidents type vs. Operation type 8 8 Rig cleanig Rig maintenance Rig down Rig up Running casing Drilling With lost time Restricted Work Medical treatment First Aid

19 Safety & Quality Awarding received in and 2006 as best drilling contractor for the technical excellence, always complying with all safety and environmental protection criteria

20 4,0 2,0 0,0 8,0 6,0 4,0 2,0 0,0 GLOBAL FREQUENCY INDEX (TRCF) ACUM ULATED (2 m onths ) HSEQ STATISTICS Jun Jul Ago Sep Oct Nov Dic Ene Feb Mar Abr May Argentina Colombia Perú Venezuela Corporativo LOST TIM E FREQUENCY INDEX (LTIF) ACCUM ULATED (2 m onths) 3,5 3,0 2,5 2,0,5,0 0,5 0,0 Jun 08 Jul 08 Ago 08 Sep 08 Oct 08 Nov 08 Dic 08 Ene 09 Feb 09 Mar 09 Abr 09 May 09

21 Safety & Quality Leader in Performances and Safety In the six years up to June 2009, PETREVEN Colombia reported zero Lost Time Incident (LTI) PETREVEN, has been chosen among all companies operating in the field in Colombia to be awarded with the Prize by the Safety Columbian Council 0,7 LTIR PETREVEN LTIR IADC 0,6 0,5 0,4 0,3 0,2 0,

22 Thanks for the interest in our technology!

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Design Criteria Data MACON/LEWIS WILSON GA Latitude = 32.7 N WMO No. 72217 Longitude = 83.65 W Elevation = 361 feet Period of Record = 1973 to 1996 Average Pressure = 29.66 inches Hg Design Criteria Data Mean Coincident (Average)

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Design Criteria Data

Design Criteria Data PIERRE SD Latitude = 44.38 N WMO No. 726686 Longitude =1.2 W Elevation = 1742 feet Period of Record = 1973 to 1996 Average Pressure = 28.1 inches Hg Design Criteria Data Mean Coincident (Average) Values

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Design Criteria Data

Design Criteria Data INDIANAPOLIS IN Latitude = 39.73 N WMO No. 72438 Longitude = 86.27 W Elevation = 87 feet Period of Record = 1973 to 1996 Average Pressure = 29.15 inches Hg Design Criteria Data Mean Coincident (Average)

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Design Criteria Data PHOENIX/SKY HARBOR AZ Latitude = 33.43 N WMO No. 72278 Longitude =112. W Elevation = 116 feet Period of Record = 1973 to 1996 Average Pressure = 28.72 inches Hg Design Criteria Data Mean Coincident (Average)

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Design Criteria Data ANCHORAGE AK Latitude = 61.17 N WMO No. 7273 Longitude =15. W Elevation = 131 feet Period of Record = 1973 to 1996 Average Pressure = 29.6 inches Hg Design Criteria Data Mean Coincident (Average) Values

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Design Criteria Data DENVER/STAPLETON CO Latitude = 39.75 N WMO No. 72469 Longitude =14.8 W Elevation = 5332 feet Period of Record = 1973 to 1995 Average Pressure = 24.66 inches Hg Design Criteria Data Mean Coincident (Average)

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Design Criteria Data JACKSONVILLE FL Latitude = 3.5 N WMO No. 7226 Longitude = 81.7 W Elevation = 3 feet Period of Record = 1973 to 1996 Average Pressure = 3.1 inches Hg Design Criteria Data Mean Coincident (Average) Values

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Design Criteria Data

Design Criteria Data SPOKANE WA Latitude = 47.63 N WMO No. 72785 Longitude =117.5 W Elevation = 2366 feet Period of Record = 1973 to 1996 Average Pressure = 27.5 inches Hg Design Criteria Data Mean Coincident (Average) Values

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Design Criteria Data LOUISVILLE/STANDIFORD KY Latitude = 38.18 N WMO No. 72423 Longitude = 85.73 W Elevation = 489 feet Period of Record = 1973 to 1996 Average Pressure = 29.49 inches Hg Design Criteria Data Mean Coincident

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Design Criteria Data DAYTON/JAMES M COX OH Latitude = 39.9 N WMO No. 72429 Longitude = 84.2 W Elevation = 14 feet Period of Record = 1973 to 1996 Average Pressure = 28.95 inches Hg Design Criteria Data Mean Coincident (Average)

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Design Criteria Data

Design Criteria Data SPRINGFLD MO Latitude = 37.23 N WMO No. 7244 Longitude = 93.38 W Elevation = 127 feet Period of Record = 1973 to 1996 Average Pressure = 28.66 inches Hg Design Criteria Data Mean Coincident (Average) Values

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Design Criteria Data

Design Criteria Data BIRMINGHAM AL Latitude = 33.57 N WMO No. 72228 Longitude = 86.75 W Elevation = 63 feet Period of Record = 1973 to 1996 Average Pressure = 29.36 inches Hg Design Criteria Data Mean Coincident (Average)

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Design Criteria Data BOSTON/LOGAN MA Latitude = 42.37 N WMO No. 7259 Longitude = 71.3 W Elevation = 3 feet Period of Record = 1967 to 1996 Average Pressure = 29.95 inches Hg Design Criteria Data Mean Coincident (Average) Values

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Design Criteria Data MINNEAPOLIS-ST PAUL MN Latitude = 44.88 N WMO No. 72658 Longitude = 93.22 W Elevation = 837 feet Period of Record = 1973 to 1996 Average Pressure = 29.7 inches Hg Design Criteria Data Mean Coincident (Average)

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Design Criteria Data

Design Criteria Data MIDLAND TX Latitude = 31.95 N WMO No. 72265 Longitude =2. W Elevation = 2861 feet Period of Record = 1973 to 1996 Average Pressure = 27.3 inches Hg Design Criteria Data Mean Coincident (Average) Values

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Design Criteria Data

Design Criteria Data NEW YORK/JOHN F KENNEDY NY Latitude = 4.65 N WMO No. 74486 Longitude = 73.78 W Elevation = 23 feet Period of Record = 1973 to 1996 Average Pressure = 29.98 inches Hg Design Criteria Data Mean Coincident

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Design Criteria Data

Design Criteria Data WASHINGTON/DULLES VA Latitude = 38.95 N WMO No. 7243 Longitude = 77.45 W Elevation = 322 feet Period of Record = 1973 to 1996 Average Pressure = 29.68 inches Hg Design Criteria Data Mean Coincident (Average)

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Design Criteria Data

Design Criteria Data LANDER/HUNT WY Latitude = 42.82 N WMO No. 72576 Longitude =18.7 W Elevation = 5558 feet Period of Record = 1973 to 1996 Average Pressure = 24.44 inches Hg Design Criteria Data Mean Coincident (Average)

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Design Criteria Data

Design Criteria Data ALBUQUERQUE NM Latitude = 35.5 N WMO No. 72365 Longitude =16.6 W Elevation = 5315 feet Period of Record = 1967 to 1996 Average Pressure = 24.72 inches Hg Design Criteria Data Mean Coincident (Average)

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Design Criteria Data

Design Criteria Data DULUTH MN Latitude = 46.83 N WMO No. 72745 Longitude = 92.18 W Elevation = 1417 feet Period of Record = 1973 to 1996 Average Pressure = 28.43 inches Hg Design Criteria Data Mean Coincident (Average) Values

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