CORPORATE PROFILE. Reservoir Engineering Services. Production Surveillance and Management Services. Well Engineering Services

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1 Reservoir Engineering Services Production Surveillance and Management Services Well Engineering Services Corporate Recruitment & Manpower Supply Services Training Services CORPORATE PROFILE

2 ARES Energy At A Glance ARES Energy Resource Limited Advanced Reservoir Engineering Solutions (ARES) is a company of choice for all your oil and gas asset evaluation, development and management solutions such as production monitoring and optimization, reservoir simulation studies, well head maintenance, field development planning, human resource management, manpower supply and training in the oil and gas industry. We are an energy service and resource management company incorporated in 2011 and based out of Lagos and Port Harcourt, Nigeria. Our Vision To become the foremost energy sector, oil and gas service company in West Africa and the Middle East by partnering with stakeholders in providing superior engineering solutions. Our Mission To provide best-in-class services to the oil and gas community in the areas of field development planning and monitoring, reservoir engineering and simulation studies, project management, training and consulting by deploying quality, cost effective and efficient solutions to our clients. Our Quality Policy Our quality policy is to satisfy and strive to exceed customer requirements through continuous demonstration of quality and active participation of all employees. Page 1

3 Our Core Values In conducting its business, ARES Energy is inspired by and committed to upholding the principles of integrity, respect, loyalty, efficiency and transparency. The dedication and professionalism of our employees reflect our values and are the decisive factor in ensuring ARES Energy s continuing success. Our Core Values To demonstrate integrity and honesty and to take responsibility for all our actions To adopt a teamwork approach to our work and conduct our activities in a safe and environmentally responsible manner while meeting or exceeding our commitments Building the company with pride for the future Page 2

4 Our Experience We focus on our best experiences on the following, which are fully supported with proactive service and quality training Production monitoring and optimization using basic analysis tools and specialized software based on industry standard methods and techniques. ARES Energy believes that its success depends on the continuous supply of high quality services that meet or exceed client expectations. Reservoir engineering studies covering geologic model upscaling, history matching and prediction. Field development planning using all resources available to provide a plan that is cost effective, economic and results in optimum reserves and production profile. Operation and maintenance services for oil and gas production facilities Wellhead maintenance service Consulting services in engineering, training and project management for the oil and gas industry Page 3

5 Our Expertise Reservoir Production Surveillance & Management Produc on Op miza on and Integrated Asset Management Real Time Produc on Monitoring Produc on Accoun ng and Reconcilia on Reservoir Surveillance Planning Well Engineering Ar ficial Li Analysis Well Modelling and Hydraulic Design Analysis Well Head Maintenance By maintaining our focus on stability, continuity and reliability, we are able to deliver unrivalled results to our partners, year after year. Reservoir Engineering Field Planning and Development Asset Evaluation and Economics Reserves Quantification and Classification Reservoir Characterization, Modelling and Simulation Corporate Recruitment and Manpower Supply Direct and Third-Party Staffing Consulting, Planning and Executive Selection Employee Development and Mentoring Training In-house Training for Professionals Collaboration with International Certification Institutions Courses, Workshops and Seminars Page 4

6 Reservior Engineering Services We carryout black oil and compositional model upscaling, history matching and prediction of a geological model using Eclipse or CMG. We also provide consultants to facilitate the construction of the geological model that is used in the study. We undertake field reserves (1P, 2P and contingent) assessment, based on the production plan options available, using analytical methods as well as the aid of industry standard software. Our services also cut across the entire value chain of a field development planning process including production type modelling and infrastructure, surface facilities, reservoir simulation, economic analysis and risk assessment. Reservoir Surveillance Planning Planning, preparation and implementation of a reservoir surveillance plan that would serve as a guideline for production monitoring activities and ensure effective management of reservoir voidage and ultimate reserves. Field Development & Planning We carry out assessment of multiple field development scenarios to determine the best option based on multiple factors and tradeoffs. This provides a guide for making investments decisions, project planning and budgeting, and in meeting with regulatory requirements. Asset Evaluation & Economics We provide economic analysis for potential company projects or investment propositions based on the asset development plan adopted. Our price forecast takes into account analysis from leading oil price forecasting agencies. Page 5

7 Reservior Engineering Services Reserves Quantification and Classification Based on an asset development plan, we provide clients with an assessment of the recoverable reserves and production profile, as well as recommendations on the recovery method that maximizes recovery, alongside number of wells and facility requirements. Our reserves classification process is in line with guidelines for the evaluation of petroleum reserves and resources provided in the Petroleum Resources Management Systems (PRMS). Our reservoir simulation expertise enables us optimize your reservoir depletion and recovery strategy, using detailed geological and structural data to effectively study the field. Reservoir Characterization, Modelling & Simulation Integrated engineering analysis with available geological, geophysical data and field measurements to effectively characterize your reservoir and provide accurate estimates of reserves and connectivity. This process facilitates the building of a simulation model that is fit for purpose, and better matches historical production and pressure data. We are dedicated to planning and managing the operation and maintenance services of oil, gas and power plants to ensure that safe operational performance is optimized, that availability is maximized and that cost is minimized. Page 6

8 Production Surveillance & Management Services We deploy an integrated approach to managing your reservoirs with respect to production rates, choke setting, water-oil ratio, gas-oil ratio limits and other measurements, in accordance with company and regulatory policy. Production Optimization and Integrated Asset Management We provide production analysis and optimization services on a well and field scale, based on an integrated asset modelling workflow. This model, when matched with actual production, is used for production optimization, facility debottlenecking, scenario analysis and production forecasting; this provides a good basis for planning and budgeting, in the absence of a simulation model. Real Time Production Monitoring We offer production management services such as calculation and reporting of KPIs based on a Reservoir Management Plan, monitor and evaluate well performance in contrast with individual well potential, and provide recommendations to forestall or eliminate production bottlenecks. Our company generated workflows enable us to act proactively and effectively to keep oil production at its optimum, thereby reducing downtime and improving production efficiency. Production Accounting and Reconciliation We design and implement a production allocation system to effectively track production rates as well as on-site utilization of produced fluid for subsurface injection, power generation, gas lifting, etc. In short, we are specialized in managing our clients production facilities so that they do what they should at minimum cost while upholding the highest safety and environment standards in the industry. Page 7

9 Well Engineering Services We provide services in well trajectory planning, design, modelling and optimization services for all types of well configurations. We keep track of the health of every well by implementing a highly responsive Well Integrity Management Gap Analysis, thereby monitoring conditions that could cause well hazards and proactively taking corrective measures to forestall any issues Artificial Lift Analysis Guidance is provided on the best option to revive or improve production from existing and planned wells based on the reservoir drive and profile, using artificial lift. This analysis also ties into the secondary/improved recovery plan for the reservoir/field and provides the recovery benefit versus investment requirement for each option explored. Our decision tree matrix has been developed to ensure that the most effective and economic decision is adopted. Well Modelling and Hydraulic Design Analysis We provide support for modelling the multiphase flow inside a well in order to determine the optimized well parameters to be applied. Models built for existing wells are used for well potential calculation, well test validation, well optimization, hydraulic table generation and production troubleshooting. Wellhead Maintenance Carry-out first and second line wellhead maintenance on shut-in/flowing wells. Inspection, Installation and testing of wellhead and Christmas tree components on existing well (work-over) and new well (drilling well). Our field service technicians are seasoned professionals with years of experience working both offshore and onshore, for clients like ExxonMobil, Afren, Chevron and Addax and on Xmas trees manufactured by Vetco Gray, FMC, Cooper Cameron and Dril-Quip. Our services include: First and second line well head maintenance Repair, refurbish and install wellhead equipment and accessories Supply, install and maintain OEM wellhead equipment and accessories Retrieving and maintenance of tubing annulus plug Operation and maintenance of client-supplied wellhead tools Repair, refurbishment and installation of chokes and valves Pressure testing of valve, services and replacement of gate / seat assembly and services of actuated valves. Page 8

10 Corporate Recruitment & Manpower Supply Services Our recruitment ethos revolves around ensuring we provide our clients with capable and properly trained staff who can deliver reliable and professional service at all mes. Let ARES take away your staffing headaches allowing you to concentrate on what you do best. Direct and third party Staffing We provide all levels of indigenous and expatriate technical specialists in Exploration and Production, including geologists, geophysicists, production engineers and reservoir engineers. Our selection process is organized to ensure that you get the most qualified candidates to fill the position advertised and with the right disposition to quickly assimilate the company's vision and values, making the recruitment process seamless and effective. Consulting, Planning and Executive Selection We offer consulting to companies wishing to run their own recruitment process for skilled employees; this includes advertisement, recruitment process planning, selection guidelines and criteria, testing materials and interview scheduling. We have technical experts and seasoned human resource personnel that ensures this process culminates in choosing the best capable individuals to fill the available positions. Employee Development & Mentoring Our qualitative human resource development programme is designed and executed through our active involvement in training and manpower development, as well as information dissemination, locally and internationally in the oil and gas industry. We provide guidelines in line with SPE specifications to ensure your employees build competencies that are industry-standard and comply with company plan for employee career development. Page 9

11 Training Services We provide training opportunities focused on our core strengths and operations. We have seasoned and experienced tutors and deliver best-in-class training backed by our international partners. Our training options include the following below: In house training of professionals of all levels covering technical, nontechnical and policy oriented programmes We provide trainings that are tailored to suit company specifications and requirements and delivered inhouse by our subject-matter experts. Whether technical or soft skills, this options ensure employees can receive best-in-class training without leaving the company environment and the training schedule can be adapted to allow employees some time for regular work. Collaboration with international institutions to train and certify in various disciplines We provide guidance on certifications required for each job family and collaborate with the Society of Petroleum Engineers (SPE), International Well Control Forum (IWCF) and other organizations to provide training that meets the syllabus and requirements to acquire these certifications; as well as test registration and follow-up. Courses, workshops and seminars in different areas of interest for the energy and manufacturing industry employees Our training topics are chosen from key sectors of the exploration and production value chain that are critical to efficiency, effectiveness and growth of any oil producing or service company. Our instructors explore an advanced method of visual and graphic illustration that ensures their audience quickly grasp the information shared. Page 10

12 HSEQ At ARES Energy Given the nature of the oil and gas industry, and the particular challenges associated with working at our many locations, we are committed to the highest Health, Safety and Environment and Quality (HSEQ) standards. A safe and healthy workplace We provide a safe and healthy workplace onshore and offshore, together with high standards of occupational hygiene, for all our employees. Key performance indicators and targets for HSEQ issues are set together with our clients and measured, benchmarked and reported. All employees receive adequate and appropriate training to enable them perform their duties in a safe manner. They are all encouraged to participate in the continuous improvement of HSE performance. Avoiding harm to the environment We are committed to conducting our activities in such a manner as to avoid any harmful effect on the environment. We ensure compliance with environmental regulations and legislation and meet or exceed all clients standards for environmental protection. We minimize the production of waste by the effective use of resources and materials, and promote the recycling of materials when waste cannot be eliminated. We dispose of waste materials in an environmentally responsible manner and reduce polluting emissions to air, water or land to a practicable minimum. We strive to continuously improve methods for identifying, assessing and controlling environmental impact. HR benefits for clients Partnering with ARES Energy generates more than the clear financial benefits of increased plant availability, reduced operating costs and extended productive asset life. In the human resources area, plant owners and operators obtain much greater flexibility and can improve the utilization of their personnel, increase local content while reducing their expatriate costs. Page 11

13 Sustainability Sustainability has always been central to the nature of our business and the way our company operates. ARES Energy also strives to operate its existing business and to develop new opportunities in an economically, environmentally and socially responsible way. These three focus areas represent the three pillars of sustainability people, planet, profit, or the triple bottom line. These performance areas overlap in practice, in terms of both the activities involved and the stakeholders who benefit. Achieving our sustainable economic performance objectives involves operating according to our values, the highest standards of corporate governance and the company s Business Conduct & Ethics Policy. It involves running and steadily growing the business in a sustainable way, for the benefit of clients, current and future employees, shareholders and the communities in which we work. Our sustainable environmental performance addresses two key areas: minimizing the environmental impact of clients operations and of our own activities. The better our performance in these areas, the greater the benefit for clients, the natural environment in areas in which the company operates as well as society at large. Achieving our sustainable social performance objectives brings benefits of many kinds to all our stakeholders. They include respecting human rights by providing sustainable and fair employment, training and career development opportunities. Page 12

14 All our staff are carefully selected, screened and trained to operate and maintain our clients assets and to maximize safety, operational efficiency and plant productivity. Ares Energy Resources Ltd Lagos: 6B Bendel Close Off Bishop Aboyade Cole Street, Victoria Island, Lagos, Nigeria Phone: Port Harcourt: Suite 2F Etafound Plaza, PortHarcourt, Rivers State, Nigeria Phone: P.O. Box 7807 Federal Secretariat Port Harcourt , Rivers State, Nigeria Follow us on: