Landing String. Superior weld-free design for safe and easy running

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1 Landg Strg Superior weld-free design for safe and easy runng

2 Ultra Deepwater Trends Drive Technology Farther Operators are pioneerg deep-offshore exploration and development projects water depths up to 12,000 ft. These wells represent technological challenges combg deepwater environments and creased total drillg depth. Safety and efficiency are key to project success particularly durg completion and tervention which require settg and runng larger and heavier casg strgs with hook loads approachg or exceedg 2.5 million pounds (1,250 short tons). Operational Challenge From Drill Pipe to Landg Strgs Traditionally, thick-walled drill pipe was used as landg strg order to perform completion and tervention operations shallow waters. In deeper waters however, these conventional landg strgs cannot withstand higher hook loads due to a phenomenon called slip crushg. This phenomenon is a major problem which needs to be addressed when designg landg strgs and slips 1. As a result of biaxial loads, stress concentrations may damage, and some cases even crush, pipe, hence reducg the axial load ratg of the landg strg. Beyond Friction Welded Landg Strgs One of the current operational challenges with existg friction welded landg strgs is lked to the positiong of the slips sufficiently far from both the weld area and the Heat Affected Zone. The limited length available for settg the slips requires additional time for proper positiong and set up. This is particularly problematic when usg extended slip designs, newly troduced to the dustry. Vallourec has developed an novative forgg process to produce seamless forged landg strgs. 1 Slips are used to grip pipe on the rotary table. The Solution: 2.5 Million Pound CrushFree Landg Strg Weld-Free Design friction weld-free construction usg an novative forgg process - absence of weld and its associated Heat Affected Zone novative technology volvg hot formg process usg a four-hammer forgg mache on a cyldrical mandrel achievement of outstandg dimensional tolerances, shaped tubes, and excellent metallurgical properties thick walled high strength material section to ensure slip crushg resistance with a mimum length of elevator recess between the connection and the slip section high strength light weight material API box and p rotary shouldered connections 90" 18" Elevator Recess 72" Slip Section

3 Manufacturg Process Rotary Hearth Furnace Cross Roll Piercg Radial Forgg Heat Treatment (Pipe Body to 165 KSI) Heat Treatment (Ends to 135 KSI) Straighteng OD Turng (Fishg) Shippg OD Coatg/ Internal Plastic Coatg (Optional) Threads Wet Magnetic Inspection Full Length Ultrasonic Inspection Phosphate Coatg Threadg Material Properties In order to ensure tensile capacity, the slip section and the light tube section are heat-treated up to 165 KSI, which is substantially higher than the highest grade as defed the API 5DP (S-135). The make-up torque to be applied, however, is with the same range as what current make-up tongs can handle. For this reason, the tool-jot area of the landg strg jot is submitted to additional heat treatment, order to brg the mimum yield strength of the tool jot back to a lower value (135 KSI). Tube Mimum YS (KSI) 165 Toughness (-4 F) 30 ft- 26 ft- Toughness (72 F) 45 ft- 40 ft- Connection Mimum YS (KSI) 135 Toughness (-4 F) 45 ft- 40 ft- Toughness (72 F) 55 ft- 50 ft- Weld Mimum YS (KSI) N/A Max Hardness (HCR) N/A Toughness (-4 F) N/A

4 Product Qualification The design performance has been assessed usg: Spiri Rehold Equation: the most widely accepted formula to predict slip crushg Fite Element Analysis on the slip areas, the elevator shoulders and the connection threads A full-scale physical trial performed jotly with a renowned slip manufacturer Germany, usg a specifically designed pullg unit. The design has been tested under 2.5 million pounds (1,250 short tons) and a load of up to 4.4 million pounds (exceedg the yield tension of the thick walled tube section million pounds). Our full scale test results have been compared to those obtaed with the Fite Element Analysis and have confirmed the expected performances of the CrushFree Landg Strg prototypes under 2.5 million pounds load capacity. Operational Benefits slip crushg resistance up to 2.5 million pounds no specific handlg tools required compared to conventional landg strgs no weld tegrity risk due to the combation of an extended crush resistant section and the absence of a Heat Affected Zone versatile design allowg fit-for-purpose crush resistant section lengths suitable for new extended slips time and money savgs thanks to the weld absence allowg quick elevator and slip placement reducg non-productive time Dimensions and Materials Light Weight Pipe Pipe OD Pipe ID Wall Thickness M. Yield Strength Slip Section OD ID Wall Thickness M. Yield Strength M. Length Connection Connection type OD ID Box tong length (Lb) P tong length (Lp) Make-up loss (MUL) M. Yield Strength 6-5/ KSI 6-29/ KSI /8" FH 8-5/8" KSI Range 2 Landg Strg Jot Shoulder-to-shoulder length Approx. weight Adjusted weight Open end displacement Closed end displacement Capacity Drift Range 3 Landg Strg Jot Shoulder-to-shoulder length Approx. weight Adjusted weight Open end displacement Closed end displacement Capacity Drift 31.5 ft 2, /ft 1.26 US gal/ft 1.92 US gal/ft 0.65 US gal/ft 3-7/ ft 3, /ft 1.23 US gal/ft 1.88 US gal/ft 0.65 US gal/ft 3-7/8

5 Mechanical Performances Pipe (100% WT) (90% WT) SUPER PREMIUM m (80% WT) PREMIUM m Tensile strength Torsional strength Collapse pressure Internal pressure ft- 3,620, ,000 52,400 65,400 3,170, ,000 49,900 58,900 2,750, ,000 47,000 52,300 New ternal pressure based on 100% Slip Section SUPER PREMIUM m PREMIUM m Tensile strength Torsional strength Collapse pressure Internal pressure ft- 4,110, ,000 54,800 60,800 3,600, ,000 52,300 57,100 3,110, ,000 49,500 53,100 New ternal pressure based on 100% Tool Jot SUPER PREMIUM m PREMIUM m Tensile strength Torsional strength Recommended make-up torque (1) Maximum make-up torque* Mimum make-up torque* ft- ft- ft- ft- 2,580, ,000 72,400 74,400 70,400 2,580, ,000 72,400 74,400 70,400 2,580, ,000 72,400 74,400 70,400 Balance OD Torsional ratio TJ/pipe Slip Crushg Loads Effective Transverse Slip Crushg Load Slip Length Load Factor SUPER PREMIUM 16-1/ ,520,000 2,740,000 2,840,000 3,070,000 2,250,000 2,440,000 2,530,000 2,730,000 Effective Transverse Slip Crushg Load Slip Length Load Factor SUPER PREMIUM 16-1/ ,990,000 3,170,000 3,240,000 3,420,000 2,660,000 2,800,000 2,870,000 3,020,000 Spiri and Rehold, Why Does Drill Pipe Fail the Slip Area, World Oil, October Other configuration available, please contact your local sales representative.

6 Leader Drillg Solutions Europe North America South America Africa Asia and Middle East Licensee Network Office Manufacturg Facility SALES & SERVICE OFFICES AFRICA Vallourec Drillg Products France Phone sales.drillg-products.africa@vallourec.com CHINA Vallourec (Beijg) Co. Ltd Phone sales.drillg-products.cn@vallourec.com EUROPE Vallourec Oil & Gas UK Ltd Phone sales.drillg-products.uk@vallourec.com Vallourec Drillg Products France Phone sales.drillg-products.eu@vallourec.com Vallourec Deutschland GmbH Phone sales.drillg-products.eu@vallourec.com FAR EAST Vallourec Asia Pacific Corp. Pte Ltd Phone sales.drillg-products.asia@vallourec.com MIDDLE EAST Vallourec Drillg Products Middle East FZE Phone sales.drillg-products.me@vallourec.com NORTH AMERICA Client Support Center Phone CSC.drillg-products@vallourec.com Vallourec Drillg Products USA Phone sales.drillg-products.na@vallourec.com Vallourec Canada Inc. Phone sales.drillg-products.na@vallourec.com RUSSIA Vallourec RUS LLC Phone sales.drillg-products.ru@vallourec.com LATIN AMERICA Vallourec Tubos do Brasil S.A. Phone sales.drillg-products.sa@vallourec.com 02/ For general formation only Vallourec Drillg Products USA - All rights reserved. Visit out Website

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