GS OILTOOLS PRESENTATION

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Information !  Established January 6, 2011. Full operation from April 1, 2011. !  Offices & Warehouse @ 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 9000. !  GS Oiltools AS is registered with Achilles Joint Qualification (ID

28384). !  GS Oiltools AS is subscribing to NS1 and NS2 standards

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GS Oil & Gas

GS Oiltools

GS Rental Tools AS

Houston Oil Tools,

TX, USA

UK Machining, Aberdeen &

Leeds

GS Technologies

AS

GS Oilfield Solutions Co Ltd, Manila, Philippines

Service and Maintenance Workshop

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The organization Stian Krag General Manager

Kenneth Jelsa Office Manager

Jansson & Larsen AS Finance

Anna Marie Agullo Admin Support

Leif Neverdahl Business Development Manager

Geir Magne Johnsen Operation & HSEQ Manager

Paula Xenia Andres General Manager, Manila, Philippines

Denard M. Calapatia Design Engineer, Manila, Philippines

Øistein Tømte Group Marketing Director

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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.

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Customers !

Agencies !

GS Products

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Manufacturing in Norway

Steel Mill Local agent/rep UK importer Boring Heat

treatment UK Stockist Norwegian Stockist

Machine shop Customer

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Manufacturing the ”GS way”

Steel mill TKMF Machining UK

GS Oiltools Customer

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Standard NS-1 documentation !

Drilling GS TEST STAND FOR ALL DRILL STEM VALVES •  KELLY VALVES •  IBOP´s SPECIFIACTIONS: •  MAKE & BREAK NOT REQUIRED (SOFT SEAL) •  ALL DRILL STEM CONNECTORS •  2” 1502 SIDE OUTLET •  WORKING PRESSURE 15 000 PSI •  DESIGN TEST PRESSURE 22 500 PSI •  API 6A •  API SPECIFICATION 7 14th EDITION

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Swivel Sub !

Well intervention !

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

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)

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

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

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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)

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

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

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Stockist of drilling equipment

!  Drill Collars from TKMF !  Drill Stem Subs !  Kelly Valves !  Pup Joints !  Slips !  Spare parts

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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

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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.

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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!!!

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”GS GIVES BACK” CHARITY !  Cooperation with local

ministry.

!  Main Coordinator : Ana Oliver

!  San Pedro, Laguna Province

!  Feeding Program : 100-150 children every Saturday 9am – 11am MLA time

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GS OILTOOLS PRESENTATION

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