Magnum MonthlyIntercompany Newsletter

OCTOBER2011

ISSUE 01

Please send your stories, photos, and feedback to The Marketing Department at marketing@womusa.com 1

Rendering of Office by Architectural Firm

Two 20-Ton Cranes in the Workshop

Photo of Office - Construction in Progress

Rendering of Total Facility by Architectural Firm Photo of the Rear of the Workshop - Construction in Progress

M A G N U MTECHNOLOGYC E N T E R

The Marketing Department is pleased to introduce the first issue of Magnum Monthly. This exclusive newsletter, for the WOM group of companies and their associates, is geared to keep everyone in the “worldwide loop.”

WOM-ME & MTC’s new workshop and office continues construction on 11,800 m2 plot in Dubai.

Story by Mahesh MithranGeneral ManagerWOM-ME

Total area of the plot 11,843 m2 (38,855 ft2)Office building 470 m2 (1,541 ft2)Workshop building 1,823 m2 (5,981 ft2)

The workshop accommodates two 20-ton overhead cranes, hydrotest bay, inspection area, material stores, repair & assembly area, packaging area and equipment storage area.

The office building accommodates WOM-ME & MTC staff on the ground floor. The office of the group’s GM and the conference room are on the floor above.

Activities which will be carried out in the new facility include: assembly, testing, repair, and packaging of equipment.

The expected number of employees in the facility by year’s end will be approximately 40 to 50.

Welcome to the New Intercompany Newsletter!

Mahesh PuranikBusiness DevelopmentManager

Construction of WOM-ME & MTC Workshop Nears Completion

Location ofMTC/WOM-ME

Dubai

Magnum Monthly OCTOBER 2011 ISSUE 01

Please send your stories, photos, and feedback to The Marketing Department at marketing@womusa.com 2

WOM has built and shipped its first capping stack in a historic achievement for our company and our customer, Helix Energy Solutions Group.

WOM Ships Its First Capping Stack

MSS First Subsea Tree Tests SuccessfullySingapore - The first MSS subsea tree has successfully completed final Site Integration Testing

The new subsea tree will be used for water injection on Apache’s Stag project, located off the coast of Western Australia. The equipment is currently scheduled for delivery for October 15th.

Preparations are also being made by service engineers from the Integrated Services Department to ensure its successful deployment and installation offshore.Successful test opens

door to expansion in Southeast Asia.

WOM underwent a Factory Acceptance Test by an important customer, PTT Exploration and Production Public Company. PTTEP is a national petroleum exploration and production company of Thailand. The company operates more than 40 projects around the world

The new 3-ton manipulator will be put in action on the 16-ton hammer in the 3rd week of October.

From right to left: Mr. Ming, Nitin Jawalikar, Ashwin Dimble, Mahesh Giri, Ashish Jadhav, Rahul Khade, Milind Kale, and a helper. Sitting: Si Hui, Namdev Sawant, Santosh & Mahesh

Magnum Forge Utilizes Powerful New Tool

Factory Acceptance Test Completed Successfully

Wellcap 113-5/8” 10,000 psiDimensions: Long 207.0” by 176.7” wide by 248.2” highWeight: 160,000 pounds

The TruckDimensions: Long 199’ by 17’ wide by 22’ highWeight: 356,000 gross pounds.

The trailer is a super 19 axle configuration rated at 150-ton hauling capacity. The trailer is carrying the load at 1’2” off the ground.

The overall capacity is rated at 588,000 combined pounds of truck, trailer and load.

A large crane lifts the wellcap over the trailer. The car shows the tremendous proportions of the truck and wellcap.

Capable of manuevering a single, 3-ton piece of steel in the forge.

Above: View of front-left corner Side: View of rear

and has a workforce of over 3,000.

The FAT’s purpose was to certify that WOM could provide the quality and quantity of equipment demanded by PTTEP. We are happy to say that the test was successfully completed in its first round. The successful completion of the test marks a new milestone in WOM’s expansion in the Southeast Asian region.

Loading and shipping the wellcap was as big of a challenge as putting it together.

Magnum Monthly OCTOBER 2011 ISSUE 01

Please send your stories, photos, and feedback to The Marketing Department at marketing@womusa.com 3

WOM India has successfully installed a manifold on the prominent Aban rig.

Story by Kabir LullaBus. Dev. ManagerAccess Oilfield Solutions

On September 18, 2011, as part of a field trip, a team of 12 WOM associates visited an Aban offshore jack up rig (top picture) being refurbished at the Western India Shipyard in Goa. This rig is being upgraded to a 15K system and as part of this upgrade, WOM have supplied a 3 1/16” 15K Model 200M Choke & Kill Manifold (enlarged pictured, bottom left) along with a choke control console and an oilfield skid. The drive to Goa itself was eventful with what should normally be a 7 hour journey turning into a 17 hour journey, with car trouble along the way. However, the excitement of the opportunity of visiting a Jack Up rig for the first time kept the spirits high (both literally and figuratively!)

All in all, the experience was very stimulating – both academically and socially. The team stayed at the Coconut Creek Resort on Bogmalo Beach, Goa which was a refreshing getaway break for the weekend.

WOM India Installs Manifold on Aban Rig

“From my personal experience prior to joining the oilfield industry, I had absolutely no idea of the magnitude of operation coupled with technology that was involved in getting that gallon of gas each time I drove up to fill up my car.

“I have been fortunate to have visited several rigs, but interestingly, each time the experience is overwhelming and I return with a new found respect for all the people out there that make this happen. And we can proudly say that as part of the WOM family, we too are part of this fascinating industry.” - Kabir Lulla, Access Oil

“We have been trying for many years to do consistent business in India. Thanks to Access Oil, primarily run by Madhura and Kabir Lulla, this opportunity looks more promising than ever. “- Mahesh Puranik, WOM

The TeamNinad Oak, Mansingh Phase, Vilas Kadlag, K.S. Angal, Kshitij Mainkar (a.k.a Raju), P Alhat, Suresh Mahindrakar, Dhananjay Shinde, Ashwin Divekar, Vijay Ghadi, Kunal Howal and Kabir Lulla (in green).

The Aban rig in dry dock, under construction.

WOM India’s choke & kill manifold

Magnum Monthly OCTOBER 2011 ISSUE 01

Please send your stories, photos, and feedback to The Marketing Department at marketing@womusa.com 4

New HiresThe Creator of Worldwide Oilfield Machine

A large manifold for a large application - one of the largest drilling ships ever built.

COSCO’s Dalian Developer Drilling ship will have the very best equipment, which includes this choke & kill manifold built by WOMSEA. It is WOMSEA’s first such manifold and its tallest built to date.

Estimated height: An astonishing 265 inches (23 ft.) Estimated weight: Manifold at 71,500 lbs. and skid at 28,500 lbs.Total approximate weight: 100,000 lbs.Manufacture time: 65 days (1560 man hours)Shipment prep: 10-15 days (315 man hours)

Safety: The amazing feat of building this manifold without incident is a cause for celebration.

Lead RRS Technician RRS Department

ChetanKhutale

Hydraulics Control Technician Controls Dept.

CharlesHale Jr.

Manager Controls Department

RameshRao

DaynarisBermudezEngineering Support Engineering Department

Above: Senior Service and Assembly Technician Tan Lam Tai

Side: (From left to right) Service & Assembly Technicians Maung Hteik Tin Aung, Hla Min Soe, and Goh Lian Kee

This massive chock & kill manifold stands nearly to the roof in WOMSEA’s assembly area.

WOM UK StaffSales Engineer John SmallMachinists Craig Ross, David Reid and Wojcieck StanczykApprentice Machinist Eliot Forbes Valve Techs Nick Stephen and Simon McLintochTrainee Inspector Dean WatsonApprentice Welder Sami MatmatiDocument Controller Rachel Hives

WOM USA Staff

Manifold Bound for COSCO Shipyard in Dalian, China

• He took out a loan to fly over to the U.S. to pursue a Master’s Degree at LSU Baton Rouge.• He graduated with the highest honors and in great standing with his professors. He finished the Master’s Degree in 15 months, while working and paying off the previous loan.• After graduation, he worked for Gulf Forge for 2 years and Grey Tool for 1.5 years.• In 1975, he founded Progressive Manufacturing, where the focus was hard-facing of gates, seats and other gate valve components.• Progressive Manufacturing was started with an initial investment of $1500 and operated with 3 employees including Mr. Puranik.• WOM was founded April 24th, 1980. In the beginning, it employed 22 people, including Mrs. Rekha Puranik.• In 1985, WOM patented the Magnum Dual-Seal Gate Valve – the best valve in the world then and the best today.• Growth of this company has been completely self-financed through WOM’s own profits and without a single dollar owed to any bank!• Totally Vertical Integration: WOM and WOM group of companies make everything except for raw steel and the rubber goods, which is extremely rare for this industry.• Sudhir Puranik’s philosophy of “CAN DO!!” has been proven time and time again. As he says, “The proof is in the pudding.”• With over 31 years of business, the whole group of WOM companies has 5 locations and employ over 2,600 employees.

Project: Dalian Developer Drillship is designed to drill wells of up to 10,000 feet with a maximum drilling length of 30,000 feet. Given her length exceeding 290 meters and her storage capacity of 1 million barrels of oil, she will be the largest drillship in the world.

Sudhir “Sam” PuranikCEO and Founder of WOM

• Graduated from IIT Bombay with a Bachelor of Technology in Metallurgy. IIT Bombay is one of the most prestigious engineering universities in India, comparable to MIT in the United States.