SAB Drilling Rig + Integrated Rig Move Business Package 2

Document -SDV/1 OBDR/61 M
SAB ~ SALEH AYED BALHARITH ~

PROJ ECT PLAN INTEGRATED
DRILLING COMPANY BUILDUP
PROJECT REPORT FOR DRILLING RIGS
WITH INTEGRATED RIG MOVE
BUSINESS
INDEX
1. Executive Summary
2. Market Analysis
3. Company Overview
4. Project Plan I Time Frame
5. Technical Specifications & Data
5.1 Facility and Yard Layout Drawing

5.2 Rig and Camp Drawings
5.3 Saudi Aramco schedule G specifications
6. Financial Analysis
6.1 Financial Analysis of Drilling Rigs with Integrated Rig Move Business.
6.2 Financial Analysis of Drilling Rig Business
6.3 Financial Analysis of Rig Move Business
1.
EXECU:TIVE SU:MM.A RY
EXECUTIVE SUMMARY
Empire Investments is a unique and intelligently formed company that is held by the
controlling group of dynamic and diversified business professionals within the country of Saudi
Arabia and the GCC specializing in the Energy sectors of the oil and gas industry, in Green
Energy and Technologies and Aerospace. With dominant strength and a firm footprint within the
upstream drilling regions, in the oil and gas energy sectors for Saudi Aramco.
With a country growth projection in drilling activities in Saudi Arabia and a bench mark set by the
country to achieve 300 drilling rig status within the next four years, by 2021 KSA vision, Empire
Investments views this as a strategic and viable opportunity to grow with the country demands, in
particular the drilling rig contractor community upstream in KSA.
The current drilling rig count in KSA is 224 rigs, both onshore and offshore allowing the yearly
growth pattern of 19 rigs/year until the year 2021 completing the 300 drilling rig count set by
country requirements and demand for Saudi Arabia to push out their oil quotas.
The company will build up Saudi Arabia's only solely national owned drilling company with an initial
proposed (5) five, to (1 0) ten, 2000HP AC fast moving land drilling rigs, with an integrated rig
moving company division with the capability to move all rigs assets simultaneously, from a merger
of the two companies to ensure optimized performance and revenue uptime of the drilling
company. The company will enter contracts with Saudi Aramco based on the IKTVA principals, the
groups in country relationships and with the larger picture in mind to amplify the country's
reputation to deliver the best of the best in all facets of drilling and energy related activities.
With the groups in-depth knowledge on operating successfully world class businesses, drilling
companies, rig moving companies, energy companies and oil and gas companies, in Saudi
Arabia, the GCC regions, and globally over the last 28 years, including the groups vast daily
business and working network of key country officials within the Saudi Aramco community, along
with all resources required at arms length to able strength of success, we are confident that this
venture will be fruitful and deliver the right results for the preferred investors.
The company will be 100% compliment with the latest country and government regulations to the
IKTVA incentive structure. IKTVA (In Kingdom Total Value Add) www.iktva.sa The compliancy to
this latest update to the government system will ensure all KSA companies that are IKTVA
compliant will have first priority on all business within KSA working for Saudi Aramco.
The top line financial projection the group is seeking to raise for this portion of the combined
project is 80Wusd
(Eighty Million USD)
2.
MARKET ANALYSIS
Market Analysis and Bench Mark of Rig Rig Counts in Operations in KSA
Counts in KSA in 2018
300 Total 224 Rigs in
(2018 to 2021}
a::~ Proposed to increase

19 more rigs In 2017
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Total172 Onshore Rigs
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Total40 Offshore Rigs
2017 2018 2019 2020 2021 Total11 Water Rigs
Proposed Increase of Rigs Yearly Basis Analysis 1 Rig Yet To Spud
Competitive Analysis & Break Up of Rigs in SA 2018

Rig Counts (Onshore) in KSA Water Wells in KSA 8
28 28
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Rig Counts (Offshore) in KSA

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Contractors
Rig Counts of Onshore and Offshore in KSA 2016 vs 2017
Rig Counts in 2017

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Rig Counts in 2016

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Contractors
Abbreviation of Contractors as per SA Report
Rig code Rig Name

ADC Arabian Drilling Co.
AOD Asia Offshore Drilling
AR Arch Rowan
CR Charles Rowan
DALMA Dalma Energy Svc Co.
DPS Drilling & Petroleum Svcs
DQ Dummav Rio
ENS Ensco Arabia
GR Rowan Gilbert Company
GW Grey Wolf
HI High Island
MP Global Santafee
NBR Nabors Arabia
NGH Noble Gene House
NJB Noble Joe Beal
NRL Noble Roger Lewis
NSM Noble Scott Marks
PA Pool Arabia
PDC (PO) Precision Drilling Co.
PKU-HALl Haliburton
PN SAIPEM Saudi Arabia Rig-Perrro Negro
RBK Rowan Bob Keller
RBP Rowan Bob Palmer
RHB Rowan Hank Boswell
RM Rowan Mississippi
RSY Rowan Scooter Yeargain
SAR SAUDI ARAMCO RIG
SINO ZP Arabia Drilling Co.
SNF Sneferu
SP SP (Sinopec)
SSA/SA Saudi Arabian Saipem
TDI Taroet Drilling INC
XTD Xtreme Coiled Tubing Drilling Unit
RIG MOVE PROJECTIONS
2,500.0
2,000.0
------
1,500.0
1,000.0
500.0
0.0
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
- No. of rigs in KSA - No. of rig moves
3.
COMPANY OVERVIEW
COMPANY OVERVIEW
Empire Investments is an intelligently structured, ideas and innovations, to action based

and built company formed between a dynamic group of diverse businessmen specializing both in
the private and government sectors in Saudi Arabia with full national ownership. Each of the group
members brings their own set of business tools and strengths, dedication and serious working
networks to the company. The group prides ourselves on the ethics of trust, strategic planning,
dedication and doing what we say we will do. "Delivering quality new companies, profits, and
resources to our investors and to our people". We are well versed in the energy sectors of
business, both renewable and dominantly in the upstream oil and gas industry and sector in Saudi
Arabia and the GCC.
The group formed Empire Investments early in 2017 with the vision and idea, to build and create a
national company that is of superior quality and strength within the discipline focus of future
energy, and unlike any other company in the region. With a view to aid and amplify value with the
Saudi Arabian vision 2021 and harness the advantage of the IKTVA opportunity offered by the
kingdom of Saudi Arabia.
The company's current development stage of growth is recently forming at a swift rate, with
alliances and strong networking relationships across the GCC and globally, with business
associates that play critical roles in all forms of country business in particular the areas where we
look to grow, develop and prosper, all while creating a stronger and bright healthy future for our
new up and coming national workforces and inevitably the company . We have built up our
company foundation, organized the national rig move company merger, formed our cyber network
pages and contacts, set up all required large scale purchases of assets, land, offices and projects,
available to the group at reduced costs based on our networks, and will make fast action of
planning execution once the funding becomes available. We have retained 20% of the upper
executive management teams and are rallying our contacts and allies for other opportunities in the
energy sectors linking business to our end game." Success". The remaining management and
operations teams are flagged, selected, ready and standing by for the green light once funding
becomes available to the group and the project is in full build up mode.
The group of Empire Investments are fully committed and confident that all projects and company
build ups will be profitable and successful on or before the the first 24 months of initial funding and
execution of the final projected plan.
4.!:
PROJECT PLAN I TIME
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5.
TECH:N ICAL SPECIFICATIONS
AND DATA
5.1
FACILITY AND YARD
LAYOUT DRAWING
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RIG & CAMP DRAWINGS
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SAUDI ARAMCO SCHEDULE G
TECHNICAL SPECIFICATIONS
SCHEDULE "G"
SAUDI ARAMCO AND CONTRACTOR SUPPLIED

MATERIALS. TOOLS. EQUIPMENT 8ND SERVICES
Because of the technical nature of Attachments I and II to this Schedule they have not
been translated into Arabic. CONTRACTOR and SAUDI ARAMCO agree to be bound
by the English text.
1. SUPPLY OBLIGATIONS
CONTRACTOR and SAUDI ARAMCO shall provide the items and services listed
in Attachments I and II to this Schedule, as applicable.
(
2. RENTALS BY CONTRACTOR
If CONTRACTOR requests SAUDI ARAMCO to provide any item that

CONTRACTOR is required to provide pursuant to Attachment I of this Schedule,
SAUDI ARAMCO may provide the items at Its sole discretion at the current
SAUDI ARAMCO effective usage rate(s) or if a usage rate is not available at
rate(s) to be mutually agreed. Nothing In this Paragraph shall relieve the
CONTRACTOR of the responsibility for providing the equipment listed in
Attachment I to this Schedule.
3. RENTALS BY SAUDI ARAMCO

If SAUDI ARAMCO requests CONTRACTOR to provide any item that SAUDI
ARAMCO is required to provide pursuant to Attachment II of this Schedule,
CONTRACTOR may provide the items at its sole discretion at the current SAUDI
ARAMCO effective usage rate(s) or If a usage rate is not available at rate(s) to
be mutually agreed . Nothing In this Paragraph shall relieve SAUDI ARAMCO of
the responsibility for providing the equipment listed in Attachment !I to this
Schedule.
4. INSPECTIOI':f
CONTRACTOR shall inspect and promptly notify SAUDI ARAMCO of any

defects prior to using any of the items supplied by SAUDI ARAMCO in
accordance with Attachment II of this Schedule.
G-1
OND 4/89
ONW
OFDW
Revised 7/93 \l I'!
SCHEDULE ''G"
ATTACHMENT I
CONTRACTOR SUPPLIED EXPLORATION/ DEVELOPMENT RIG
The items and services listed below, Including any transportation required for such items.
shall be provided by CONTRACTOR and shall be considered as minimum requirements
only. Where manufacturers names are specified, they represent standard of quality only.
With SAUDI ARAMCO's prior approval equivalent items of other manufacturers will be
acceptable. The rig and ancillary equipment must allow rotary drilling to 21,000 vertical
feet. CONTRACTOR shall be responsible for repair and maintenance of all the items listed
in this Schedule. The rig and the camp should have the capability of moving Highway Road
legal and Non-Highway Road legal.
I. RIG AND ANCILLARY EQUIPMENT
1. DRAWWORKS: 21,000 vertical feet minimum rated capacity
Bomco ZJ70DB , · :__-...~=--= --·-l

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R~gen_E!f.§IY'!'~ · - · -
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KEMS-OO.QE?_ or e q ~)y~ent . ·--·
Two AC Motors -\
1000 HP each continuous
Ca.!,ll~ads:__ _ __ 1j-1 y.f!r~u)ic _
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Brake Radiator: Heat exchangers & brake
.~- \ 91rculaUon !enk _ - ··--!
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1 Automatic Driller: Borneo, Integrated with drawworks
I -·- - ---
2. POWER UNITS
4- Caterpillar 3512B TAOI 1435 continuous HP rating at 1,200 RPM with

spark arrestor mufflers, fin tube coolers; extra heavy duly cooling required for
desert operation.
4 - 1500 Kw AC 600 volts and 60HZ generator driven by 3512 8 TAD\

engine listed above.
OG D2000f00/09 G-1-1 of 30
One (1) Emergency shutdown switch at driller console and tool pusher office
The SCRNFD system shall allow the capability of selecting a switch mode
that allows the operation of draw works, rotary table, and three mud pumps at
the same time.
Horsepower Rating at
128 F ambient temperature : 5,600 HP
Power available (one engine down): 4,200 HP
Drawworks (trip): 2,000 HP continuous
Pump (each) 1,600 HP continuous
Rotary: 1,000 HP continuous
Emergency Generator: One 135 Kw
3. MUD PUMPS
Number and size 2 each· 1600 HP Triplex Pump Rated to 5,000

psi fluid ends
Output Horsepower 3,200 HP total
Powered by # 1 pump ·-2 ea G.E. 752 800 HP continuous

operations
# 2 pump- 2 ea G. E. 752 BOO HP continuous
operations
Charging Pumps 6" x a·· Harrisburg with 100 HP motors
Suction Lines 12'' minimum diameter: minimize piping run

length from pump suction to pit(s)
Fluid End 5,000 psi
Pulsation Dampener Yes
Pump Motor Lockouts Yes
Explosion Proof: Yes
CONTRACTOR shall supply four sizes of pump liners: 7", 6 !-S, 6'' and 5". All
vibrator hoses used shall be provided with fully molded connections. Pumps
should be able to run at 95% of manufacture's rated stroke per minute (SPM)
If Hex pump supplied 5 '12'' and 4 Yz" liners.
OG 02000/00/09 G-1-2 of 30
4. MAST AND SUBSTRUCTURE
Mast:
Clear Height: 157' X 30' (minimum) Clear height refers
to measurements from bottom of water
table to rotary table top , not center line of
crown sheaves or bottom of crown
sheaves.
Floor Height: 34'
Clearance between ground 30' (minimum)
and rotary beam:
Gross Static Hook- 1 ,000,000 pounds
Load Capacity with 12 lines:
Setback capacity: 800,000 pounds minimum
Casing Capacity: 1,000,000 pounds
Substructure Mats: Full substructure-width mats placed
crosswise to ground beam direction and
extending at least two (2) feet outside
ground beams.
Racking Capacity: The rig shall be capable of racking 15,000'

of 5" DP along with 15,000' of 3-1/2" PH-6
tubing In the Derrick at the same time.
Top drive Installation Yes

Capability:
5. TRAVELING BLOCK
Capacity ; 500 tons
6. HOOK
Capacity 500 tons

Links (size) 132" 350 ton
192" 400 ton
7. SWIVEL
Capacity '' 500 tons
OG 02000/00/09 G-1-3 of 30
B. DRILL PIPE ELEVATORS AND SLIPS
As required for drill pipe sizes: 5"

4"
2·3/8"
9. DRILL COLLAR ELEVATORS AND SLIPS
As required for sizes: 2-7/8"

4·3/4"
6-1/4"
B-1/2"
9-1/2" -10''
10. KELLY$ AND KELLY SPINNER (MINIMUM)
Size: 2 ea 5-1/4" X 3-1/4" X 46' square

for 5-1/2" and 5" drill string
Size: 1 ea 4-1/4" x 2·1/4" x 46' Hex or

3-1/2" X 2-1/4" X 46' sq. for 4" drill string
Spinner Yes, with reverse
Each size Kelly is lo have 2 ea. saver subs.
11. ROTARY TABLE AND TOP DRIVE SYSTEM
11 .1 Rotary Table
37-1/2" with split bushings with Master Bushing and pin drive kelly
t bushing for various sizes of kelly, plus inserts necessary to support the
drilling program. Independently driven by GE 752 motor.
Power 1,000 HP continuous minimum

Independent drive : 1 -G. E. 752 electric motor
11.2 Top Drlye System;
Varco Model TDS-11 S or equivalent Top Drive System rated at 800 HP

and 500 ton, complete with 5" and 4" pipe handling capability
(Possibility to install all portable T.D. units monorail type.)
OGD2000/00/09 G-1-4 of 30
12. SPINNING WRENCH I PIPE HANDLING
12.1 One (1) VARCO SSW-40 primary Spinning Wrench and complete set
of spares to overhaul on rig.
13. MUD MIXING UNIT
Type pumps: Three (3) centrifugal pumps

Size: 6" x 8" x 100 HP motors 1800 rpm.
Explosion Proof: Yes
Mixing system to be manifolded to allow mixing of more than one

material and in more than one tank with minimum two (2) independent
mixing hoppers. System must allow suction from any active or reserve
pit and discharge into any suction or active tanks or reserve tank with
( all 6" x 8" centrifugal pumps. All mh<ing pumps must have suctions in
each tank which can be manifold together as long as two hoppers can
be used at once and mixing in active or reserve at the same time.
14. MUD TANKS
Active System ·: 2000 bbls

Total System 4000 bbls
Submerged Guns Yes
Separate Trip Tank Yes (2 X 60 bbls)
Separate Pill Tank Yes (100 bbls)
Mud tanks shall be isolated from water tanks and water lines, and piped to
allow suction from any compartment from active or reserve tanks and
discharge to any other compartment. All water lines shall have their valves,
piping and outlets outside of mud tanks and to be clearly visible. SAUDI
ARAMCO approved (Reference: SAUDI ARAMCO General Instructions 7.029
& 7.030) Super Sack handling system including overhead beams (ralls), 2
power traveling hoists and cradle will be installed by CONTRACTOR over
mud hoppers and Super Sack lifting rings will be provided by CONTRACTOR.
Typical mud pits shall be minimum 500 bbl with divider Into 250 bbls equipped
with all valves & equalizers and should have zero dead volume to minimize
number of pits required and have independent 6"X 8" 100 HP transfer pumps.
All active and reserve tanks must have a ditch from shaker to tank entrance
that would allow diverting flow from any active or reserve tank while take
returns from well bore or trip tank. Ditch should be able to handle BOO gallons
per minute of 135 pcf fluid with a funnel viscosity of 85 cp.
OGD2000/00/09 G-1·5 of 30
15. MUD MIXERS
As required for mixers to eliminate any dead spots for each tank of active and
reserve system with15 HP (minimum) explosion proof; electric motors:
minimum 1 agitator per 250 bbl.
16. TRIP TAN!<
Circulating type with two (2) 60 bbl capacity compartments complete with float
activated air/electric recording device located at driller's console calibrated in
barrels.
17. FLOWLINE CLEANERS
3- Derrick Linear Motion Flo-Line Cleaners or Bandit King Cobra; handling

capacity of mud through 80 square mesh screen: 2,400 GPM totaL
(
CONTRACTOR shall supply 60, 80, 100, 125, 150, 180,200, 230 and 300
mesh screens as required and shall install a positive shut off butterfly valve
(minimum 10" \D) on Possum Belly to bypass shakers.
1B. DESANDER
Output capacity 1,600GPM

Pump type and size Centrifugal 6"x B"
Power • 100 HP motor
Pumps to be independent and provide minimum of 40 psi. Cyclone manifold to

be equipped with fluid -filled pressure gauge.
Explosion Proof : Yes
19. DESILI(iR
Output Capacity: 1,600 GPM

Pump Type and Size: Centrifugal 6'' x 8"
Power 100 HP motor
Pumps to be independent and provide minimum of 40 psi. Cyclone manifold

to be equipped with fluid -filled pressure gauge.
Explosion proof : Yes
OG 02 000 ·oo/09 G-1-6 of 30

20. MUD CLEANERS
Two High Speed Mud Cleaners with 120, 150, 180,200,250 and 325 mesh
screens to handle BOO GPM each, Harrisburg MC-800 or equivalent.
Explosion proof : Yes
21. .STANDPIPES
Number: Two with Kelly hose on each standpipe
Size: 5" 0.0. with 5" valves on manifold

Pressure rating : 5,000 psi WP
• Standpipes and manifolds shall not have any threaded connections.
22. ROTARY HOSE

(
Quantity: 2
Size 4-1/2H
Pressure rating 5,000 psi WP with molded connections
• The rotary hose and all vibrator hoses shall' have fully molded
connections.
23. CASING STABBING BOARD & CENTER BELLY BOARD
23.1 CASING STABBING BOARD
Adjustable casing stabbing platform, adjustable from 30'-50' with

explosion proof electric or air motor.
23.2 CENTER BELLY BOARD
To be installed in derrick for racking limber stands of tubulars when

required.
24. AIR HOIST
24.1 Number Two

Rated Load Capacity 70001b
Location Rig Floor
24.2 One (1) each drill collar tugger hoist mounted in derrick, capacity as
required .
24.3 Two (2), each approved man rider air hoists.
OGD2000/00/09 G-1-7 of 30
25. WIRE LINE UNIT
Wireline Dimensions 0. 103" X 18,000'

Power 10 HP electric motor
26. WEIGHT INDICATOR
Type : Martin Decker Type E or equivalent
27. MUD PRESSURE GAUGES AND READOUTS
Gauges; number 2 minimum, exclusive of Swaco Control

Panel gauge.
Rating 0-10,000 psi
( Digital Readouts At driller's console; SPM, Total strokes,

Trip Tank readings, Pit Volume loss/gain,
%of flow.
Note : Digital readouts requirements are partially satisfied by equipment listed

in Paragraphs 31 and 32 of this Attachment' I to Schedule "G'"
28. TORQUE GAUGES
Rotary Yes -Amp Meter with ft-lb conversion

Tong Yes- Martin-Decker or equivalent
29.. QRILLING RECORDER
Number of Channels 6 minimum; weight, pump pressure, rotary

RPM, penetration rate, rotary torque and
pump strokes, with 3 electronic monitoring
stations.
30. PIT LEVEL ~NDICATORJRECORDER
As required to integrate active mud system vo~ume with gauge, recorder and
alarm at driller's console.
31. FLOW lt:lQICATOR
Installed in flowlines. Recorder, alarms, pump stroke Indicator and gauge at

driller's console.
OG 02000/00/09 G-1-8 of 30
32. DRIFT INDICATOR
Type TOTCO
Number Two
Maximum Angle 8 degree and 16 degree (one each)
33. LIGHTING SYSTEM
Fluorescent vapor proof rig lighting and area lighting as required by SAUDI
ARAMCO. Six (6) trailer mounted 6 KW Onan light units equipped with
automatic emergency shutdown switch that is capable of cutting off fuel
supply and shutting off the air intake . In addition, emergency UPS lighting Is
required al the SCR house, the accumulator unit, and four (4) lights on the rig
floor.
( 34. WELDING MACHINES
Number- Output • Two - 400 Amp minimum

Power : One ( 1) Diesel and One ( 1) Electric
35. HOUSES
For CONTRACTOR's Equipment
Warehouse : As required
Utility House .,. As required
Dog House As required
SAUDI ARAMCO Material House:
For storage of SAUDI ARAMCO materials, with air conditioning and tack-up,
steel construction, skid mounted 30' x 6' x 8' unit equipped with shelves and
10' x 8' lock-up partition.
36. PIPE RACKS
As required for CONTRACTOR drill pipe. drill collars and SAUDI ARAMCO
casing and tubing strings.
OGD2000/00/09 G-1-9 of 30
37 . LOW PRESSURE CIRCULATING SYSTEM
Two 6" x 8" Centrifugal pumps powered by 100 HP explosion proof motor with
suction manifold to allow suction from any tank and discharge to any tank
through submerged mud guns.
A casing fillup line shall run from a gun line to the rig floor complete with
necessary valving and fittings to allow rig crew to easily maneuver and control
the mud flow when filling casing; included shall be a remote pump switch near
the driller's console.
38. KELLY COCKS ; H2S Service
Upper Kelly Cock 10,000 psl

Lower Kelly Cocks 10,000 psi
2 - each for 5" drill pipe 10.000 psi
2 - each for 4" drill pipe 10,000 psi
39. SAFETY VALYES: (FULL-OPEf':!ING STABB ING VALVE}; H2S Service
Number Two each; 10,000 psi

Size 5", 4" & 2-3/8." drill pipe
Number Two each, 10,000 psi

SIZE 4 Y2 Vam Top HC with 3.92 10 and
drift Diameter of 3.795
Number Two Each 10,000 psi

Size 5 W' Vam Top HC with 4.653 ID and
drift Diameter of 4.778.
Plus crossover subs lo all CONTRACTOR drill collars and, as necessary,

stabbing valves; maximum length 18''.
40 . BACK PRESSURE VALVES ("INSIDE BOPS"); H2S Service
Number Two each; 10,000 psi

Size 5", 4" & 2-3/8" drill pipe
41. DEGASSING EQUIPMENT
Deqasser SWACO or equivalent for 1,200 GPM
Gas Busler minimum 36'' x 30' designed as per attached

FIG. I to meet SAUDI ARAMCO approval
located at the choke manifold area separate
from mud tanks . "'- ~r
OG 02000/00/09 G-1-10 of 30 4fl7 ~7

42. PORTABLE BLOWERS
Three 25,000 CFM blowers, power to be compatible with rig source- to meet
OSHA requirements.
43. CELLAR JETTING SYSTEM
43.1 German Rupp 6" X 6", 10 Series, Model 16 A 20 B, 75 HP Electric

Motor.
43.2 Back-up jetting system from the mud pumps.
44. BLOWOUT PREVENTER EQUIPMENT
~ At the beginning of the Contract. and every three (3) years thereafter,
CONTRACTOR shall provide the following certification documents to SAUDI
ARAMCO for the BOP items provided in 44.1 - 44.10 below. The certifica\ion
must be performed by the OEM or by the OEM designated agent.
1. Dimensional measurements.
2. MPI and Hardness on bare metal.
3. Bonnet and seals inspection to OEM specs.
4. Hydraulic and Pressure testing.
The BOP configuration and valve arrangement shall be as per SAUDI ARAMCO
111
specifications outlined in the revised WELL CONTROL MANUAL - 4 edition
05/2010, Chapter A & B 'Equipment Requirements' and latest revision. No
sharing between rig
44.1 Annular Prevenler~ (including required adaptors to CONTRACTOR

ram preventers and SAUDI ARAMCO wellheads).
One ( 1) 30'', 1M psi WP Annular Preventer with flanged bottom - H2S

trim to meet NACE MR-01-75.
One ( 1) 21-114'', 2M psi WP Annular Preventer with flanged

bottom- H2S trim to meet NACE MR-01-75.
One ( 1) 13-5/8'', 5M psi WP Annular Pre venter with flanged

bottom- H2S trim to meet NACE MR-01-75.
OG 02000100109 G-1-11 of 30
44.2 Bam F?reventers
A. One (1) 13-5/8" Double Gate Ram Preventer:

SM psi WP ram preventers with ring groove flanges - H2S trim to
meet NACE MR-01-75; with four (4) each 4-1/16" SM flanged side
outlets and blind flanges installed. Class "A" - 5M psi BOP stack
Fig B-5 of SAUDI ARAMCO Well Control Manual - 41h edition
05/2010.
NOTE: The bottom cylinder of the double gate must be equipped

with the capability to perate Blind/ Shear rams.
B. One ( 1) 13-5/8" Single Gate Ram Preventer:

5M psi WP ram preventers with ring groove flanges - H2S trim to
meet NACE MR-01 -75. Refer to Class "A"- 5M psi BOP stack Fig
1
B-5 of SAUDI ARAMCO Well Conlrol Manual- 4 h edition 0512010.
NOTES:
{
( 1) Standard BOP specifications for Annular and Ram Preventers relating
to approved Manufacturer and seal element elastomer Temperature
and H2S Ratings are provided in table below and also outlined in
Section J - Equipment Requirements, Para. 1.7, 'General
Requirements for Drilling BOP Stacks'', of the SAUDI ARAMCO Well
Control Manual and latest revision for the purpose of this contract the
folloiNing are acceptable exceptions:
,. BOP closing unit (koomey unit) rectification requirement is no

longer required as long as the maintenance/repair record is kept
up-to-date and the nitrogen bottles are hydro-tested and certified.
,
_B~~lui!.e_d ~!~;;~9 ~er §_ery]fil f3._§1tin·~~s fC?f.Y.Y.~f:2~Vol
I
~9_EE .
1
Equipment ~ Pressure ! Temperature l H2S Rating
~_Typ~ ~ Rc:~ tingJe~!L .;.. f3 at!n_g!°FJ.j. . ..~)
I Diverters !
i
1,000 ' .. 1~Q _. I 2J~ _
I Annular t 2,000- 10,000 180 2.5
1
Preven!ers - · _ ___--·- .
Ram -~Lo_o_9 250 5
' Preve nters 5,000 250 10
10,000 300 20
(2) All replacement parts , fasteners and seal elements for BOP
equ1pmeni under contract to SAUDI ARAMCO must be
manufactured by the original equipment manufacturer (OEM). ·~
OGD2000/00/09 . . . G-1-12 of 30. %h '(: ~:

(3) Complete traceability of all BOP parts, fasteners and seal elements
must be maintained by CONTRACTOR and supplied to SAUDI
ARAMCO upon request.
(4) All BOP seal elements are to be stored per manufacturer's

recommendations as to:
(a) sunlight exposure

(b) temperature and moisture control
(c) dust, and other contamination protection
(5) CONTRACTOR shall have in place and carry out the manufacturer's
recommended preventive maintenance program for all BOP
equipment. Such program(s) are to be made available to SAUDI
ARAMCO upon request. Each BOP Stack shall be cleaned visually
inspected and serviced after every nipple down including inspection
of manual lock down screws. All elastomers exposed to well fluids
shall be changed at a minimum of every 12 months, unless visual
inspections show the elastomers need to be replaced before this
time.
(6) All 10,000 psi BOP's and wellheads are to be made up using
CONTRACTOR supplied hydraulic torque wrench for proper
makeup.
7) CONTRACTOR to provide External RAM closing Crank(s) for all

BOP ram preventors (thai fit the lock down screws) to enable positive
shut-in during emergency well control situations.
44.3 Ram Sj~es
(a) CONTRACTOR shall supply all sizes of required FIXED RAMS for
drill pipe and casing sizes 13-3/8" through 2 3/8" along with the
appropriate size blind rams for the various RAM PREVENTERS
{as shown in table below) must also maintain compliance with
SAUDI ARAMCO Well Control Manual, Chapter A.
BOPE BOP BLIND SHEAR FIXED

SIZEWP CLASS: "CSO" BLIND CASING or DRILL PIPE RAM SIZES
RAMS RAMS
1~3/B"' 9-5'8" 7" &-1/2" 5" 4 4-1:2" I 3-1 2''
13 5/8" -5 M A 2 sets 1 set 1 set : 1 set 2 sets ' 2 sets 2 sets 2 sets
OG 02000/00/09 G-1-13 of 30
(b) Regardless of the Class BOP stack configuration,
CONTRACTOR shall also maintain a compatible standby Pipe
Ram Assembly available on location as back~up, ready to Install,
for the required DP size in use.
(c) CONTRACTOR shall provide spare elastomer rubber

replacement parts for onsite repair of the respective drill pipe,
blind, or casing ram packer sizes provided above.
(d) Contractor shall supply 2 sets 2 3/8" pipe rams for 5k BOP stack.
44.4 Closing Unit
One (1) 3000 psi closing unit with minimum 14 stations. One inch (1")
00 steel lines from inside of the sub base to BOP or Flexlline 1~1/2"
00 from inside of the sub base to the BOP stack. One inch (1") lines
from accumulator to the sub base. Dual power, air and electric.
Capacity and operating lines as per SAUDI ARAMCO standards.
The main accumulator unit shall be located at a remote location, at

least 100 feet distance, shielded from the wellhead and protected
from other operations around the rig. There must be at least two sets
of remote controls for operating the accumulator to activate \he
BOPs. One remote control must be on the rig floor, accessible to and
visible by the driller and the other should be located near the
Company Representative's office. The Master Controls shall be at
the accumulator.
Low pressure warning light (to indicate hydraulic leaks) should be

installed on the unit as well as on driller's console.
The accumulator shall be equipped with an air line from the cold start
compressor for emergency operation.
44.5 Adaoler or Crossover Flange§!
Adapter flanges to go from SAUDI ARAMCO wellheads; 11" 1OM, 13

5/8 5M, 20-3/4'' 3M, and 30" 600 MSS working pressures to
CONTRACTOR furnished BOPE. One double studded adapter 11"
1OM x 13~5/8" 5M.
44 .6 Choke Manifold and Associated Lines
5,000 psi WP, H2S trim to meet NACE MR-01-75; with 3~1/8' valves,
flanged and targeted elbows/ tees (as required), and high pressure 3-
1/8" COFLEX hose FIG B-18 of SAUDI ARAMCO Well Control
Manual- 4m edit1on (Revised May.J~O). _~
OG 02000/00/09 G-1-14 of 30 ~V'
(a) Choke Manifold Consist of two (2) each 5,000 psi WP SWACO
Super Chokes and one ( 1) hand adjustable
choke (design details subject to SAUDI
ARAMCO approval). Included shall be a
complete control console operated from rig
floor.
General Note:The intent in the BOPE section of

this contract Is for the CONTRACTOR to
provide all necessary flanges, adapters, spools,
valving (including HCR's), targeted elbows/tees
hard piplng and all other items and materials
necessary to make up and operate the entire
BOP system as per SAUDI ARAMCO standards
in aH hole sizes. Spares for all HCR and manual
valves are to be furnished as required.
44.7 BOPE Handling System
a) Minimum capacity 60 tons; hydraulic BOP lifting system installed

in substructure per each side.
b) One ( 1) set air-powered or hydraulic powered make-up

wrenches with torque readout panel including sizes to fit all
BOPE flange bolts plus nominal 2" to 4" flanged pipe & valve
bolts.
44.8 SPACER SPOOLS and MUD CROSSES
CONTRACTOR shall provide the following spacer spools and mud

crosses:
SPOOLS
One ( 1 ) each - 3 ft 13-5/8" x 13-5/ B" - 5M psi W P, H2S trim
MUD CROSSES
One (1) 13-5/8" - 5000 psi flanged cross; H2S trim for sour service. with
two (2) 3-1/8"- 5M psi WP flanged side outlets.
OG 02000/00/09 G·l-15 of 30
--~ .(J}
44.9 Kill and Emergency Kill Lines
KILL LINE
One (1) each, 2-1/16" 5,000 psi WP, H2S trim to meet NACE MR-01-75;
with flanged valves and hard piping from rig pumps to BOP drilHng mud
cross side outlet.
EMERGENCY KILL LINES

One each, 2-1/16" 5,000 psi WP, H2S trim to meet NACE MR-01-75; with
2-1/16" flanged valves and hard piping to BOP drilling mud cross side
outlet and shall provide: 1 each. 3-1/8", 5000 PSI WP HCR flanged valve,
1 each 3-1/B'', 5,000 PSI WP Type "R" fanged check valve, hard piping to
100ft. from the well bore and double stud adapter from CONTRACTOR's
equipment to the casing spool and or landing base side outlet valves.
H2S trim to meet NACE MR-01-75. (SAUDI ARAMCO Well Control
( 1
Manual- 4 h edition 05/2012, Page B-14, Fig . 8-5).
NOTE: The piping system ahead of (outboard of} the check valve on
either of the KILL Lines noted above may be COFLEXIP (1 00
deg. C min. temp. service rating with molded connections only.)
CHJCKSANS & LO-TORQUE VALVES

200ft, 2"- 10M psl WP integrated Chicksans, plus Ten (10) each, 2"-
10M psl Lo-Torque Valves with integral1502 WECO unions.
(for pressure testing and cementing operations).
44.10 Flare Lines
The CONTRACTOR will provide flare line tubulars to the main and
alternate flare pits, as well as to gas buster (FIG -II & Ill).
Flare piping will consist of: four (4) each x 1000 ft., 4-1/2" 12.6# J/ K-55
ST&C tubing and one (1) each x 1000 ft .. 3-1/2" 9.3# J-55 EUE R-2
tubing (on request); and tvvo (2) each clampedfflanged 8" x 600' steel
lines for gas buster to vent beyond the back wall of the reserve pit dike.
44 .11 BOP Test Equipment & Portable Line
a ( 1) skid mounted triplex test pump capable of testing to 15000 psi

@ 7.5 GPM. Complete with high pressure hoses, adapters.
isolation valves and gauges with chart recorder and 4-8 hours
clock for BOP pressure test to SAUDI ARAMCO standards
OG 02000/00/0 9 G-1-16 of 30
b. (2) ea 3 1/16" X 10M fianged gate valves connected in tandem
with proper DSA to match ram preventer side outlets.
c. (3) ea 2" x a·
standard steel hose sections with FMC style # 50
swivels and figure 1502 integral unions. sour gas service.
d. (4) ea 2" chiksan swivel joints; FMC style# 50 (Part No. 415254)
or equivalent, with figure 1502 integral unions, sour gas service.
e. (4) ea 2" chiksan swivel joints; FMC style# 10 (Part No. 415244)
or equivalent, with figure 1502 integral unions, sour gas service.
f. (1) ea 2'' - 10M Instrument Spool with 15M psi pressure gauge
needle valve and WECO 1502 integral union connection to
monitor pressure at Master BOP side outlet.
g. Tesl stump complete with required piping and flanges to test all
BOP stacks.
44.12 FLARE IGNITION SYSTEM
a) 2 ea Flare King DC solar powered ignitor frpm Flare King, Inc.

(Midland, TX) complete with solar power controller. Supplied w/ min 8
big propane bottles
b) Three (3) diesel drip systems for back-up flare ignition a\ flare pit# i,
flare pit# 2 and gas buster flare pit.
45. DRILL PIPE. DRILL COLLARS AND SUBS
45.1 Drlll Ptpe

DP shall be internally coated w1th HT modified fusion bond epoxy powder
coating (TUBOSCOPE-VETCO TK-34P or ICO IPC-100).
(
Size WUFt Grade Tool Joint length

5" 19.5 G-105 4-1/2" IF 10,000'
5'' 19.5 S-135 4-1/2'' IF 5,000'
4" 14.0 G105 XT-39 I VT-40 8,000'
2-3/8" 6.65 G 105 2·3/8' HT PAC 5,000'
A raised (3" min X 3!32') • Casing Friendly" hard banding product with
either TCS-8000 or Arnco 300 XT shall be supplied and maintained
on aU contractor supplied drill pipe ·· Box ·• tool Joints.
CONTRACTOR to supply API approved drifts for all drill pipe sizes.
CONTRACTOR shall be able to supply certification from Manufactu~ro/
on request "-,k ¥--~
OG 02000100/09 G-1-17 of 30 f" I
45.2 Heavv Weight Drill Pipe:
No. of Joints
5~' 50
4" 100
45.3 Drill Collars
No. TOOL JOINT

QQ X ID
Regulred
Wt!Ft
SIZEITYPE
9-1/2"-10" .X 2-13/16" 18 220 7-5/8"/REG
8-1/2" X 2-13/16" 30 172 6-5/8"/REG
6-1/2" X 2-13/16" 30 83 4"/IF
4-3/4" X 2-1/4" 30 47 3-1/2"/IF
2-7/8" X 1-1/2" 24 16 2-318 HT PAC
All drill collars to be spiral grooved and equipped with slip and zip-lift
recesses.
Pony Drill Collars
Two (2} each 15' long compatible with 10", 8-1/2", 6-1 /2" and 4-3/4"
drill collars supplied above.
45.4 Subs and Handling Tool s
Rotary subs, crossover subs, handling tools, drill collar slips, and
safety clamps to fit all CONTRACTOR tools, SAUDI ARAMCO hole
openers and SAUDI ARAMCO inner string cementing
equipment. Bit subs, float subs and floats for all sizes of BHA; also
included shall be 2 each 4-1/2'' IF pin x 4-1/2" Reg pin and 2 each 3-
1/2" IF pin x 3-1/2'' Reg pin crossovers for use with core barrels. 2 EA
5-1/2" XT pin X 4-1/2'' W box & 2 EA 4-1/2'' IF pin X 5-1/2" XT box
crossovers
45.5 Drill P1pe. Drill Collar and Toollnspecllons
All drill pipe, drill collars and tools shall be of premium or better grade
on commencement of Contract. All joints to be numbered and
stamped/stenciled, including date, for easy reference. Identification to
be located on bevel on end of pin. All used pipe inspections to
conform to DS-1 level 4 with UT upset.
OG D2000/00/09 G-1-18 of 30
Prior to commencement of Contract, CONTRACTOR will supply initial
inspection and certification of all drill pipe, drill collars, and drilling
toots at its cost. CONTRACTOR shall also present a copy of the last
inspection report for the drill pipe designated to the rig contracted. In
addition CONTRACTOR shall provide a statement of the footage
drilled since the last inspection, the cumulative footage drilled with the
pipe and the CONTRACTOR's maximum pull limit for each class and
weight of drill pipe.
All subsequent inspections shall be carried out by the CONTRACTOR

at its cost using the following criteria:
45.5.1 Type of inspection service shall include both sonic tubular

inspection of drill pipe walls, magnetic particle and UT
inspection of all tool joints as well as drill pipe upsets.
( 45.5.2 Third party inspection for drill pipe shall be required every
five (5) months or 50,000 feet of drilling whichever occurs
first.
Third party inspection for fishing jars and bumper subs

shalt be required every six (6) 'months; actual maintenance
performed shall be documented.
Drill pipe shall be withdrawn from service when graded

below API Premium Class by Inspection.
Additions and replacements shall meet premium grade,

and be manufactured Llsing a quench and tempering
process.
45.5.3 Drill collars, heavy weight drlll pipe plus drilling tools shall
be inspected prior to their use at each change in drill collar
size and/or each change in hole size or every 200 rotating
hours. Drilling tools are defined as all stabilizers, reamers,
hole openers, fishing tools, crossover subs, saver subs,
safety valves which were utilized in drilling or completing a
specific section of hole.
45.5.4 CONTRACTOR shall maintain appropriate records

indicating third party inspection and the results of
inspection available to SAUDI ARAMCO on request.
45.5.5 Rotary shouldered tools other than drill pipe must OD

gauge at minimum bevel diameter per DS-1.
OG D2000/00/09 G-l-19 of 30
45.5.6 SAUDI ARAMCO may at its discretion demand a more
frequent inspection at SAUDI ARAMCO's expense but this
should In no way relieve the CONTRACTOR of his
obligations. Furthermore, SAUDI ARAMCO may demand a
drill string Inspection at CONTRACTOR's expense if
washouts occur at a rate of three (3) per well or three (3)
per month, whichever occurs earlier, for the particular
string in question.
45.5.7 CONTRACTOR shall be responsible for inspections

required as a result of CONTRACTOR negligence or the
use of substandard equipment.
45.6 DRILL PIPE PUP JOINTS
Grade G105 for 5"and 4" drill pipe- 2 each 5', 10' and 15' pup joints.
A\1 pup joints to be grooved on pin end for easy identification.
45.7 I?IPE BINS
Sufficient quantity of pipe bins for CONTRACTOR's tubulars. Pipe

bins should allow lifting with fork lift prongs.
46. STABILIZERS & REAMERS
CONTRACTOR shall provide all stabilizers sleeves and reamers per the
following tab I es.
STABILIZERS
DRILL COLLAR SIZE B-1/2" 6-1/4'' 4-3/4"

FOR HOLE SIZE 12'', 12 X" 6-3/6", 8 W' 5-7/8". 6 118"
Rotating Sleeve type
near bit stabilizer N/A N/A NIA
mandrel ~'
Rotating Sleeve type

string stabilizer N/A N/A N/A
'mandrel
Integral blade near bit
type stabilizer N/A 2 2
Integral blade string
type stabilizer N/A 3 3
CONTRACTOR shall provide operational sleeves for stabilizers
OG 02000/00/09 G-l-20 of 30
REAMERS
DRILL COLLAR SIZE 10" OR 9-1/2" 8-112'' 6-1/4" 4-3/4"

FOR HOLE SIZE 22·", 16" 12" 12 1/4" 8-3/8". 8 %" 5-7/8", 6 1/8"
Near bit Reamer
2 2 2 2
String Reamer
4 4 4 4
CONTRACTOR shall provide all pins, blocks and cutters. For all hole sizes, "K"
type cutters shall be provided for hard formations.
47. FISHING TOOLS (May be used to fish CONTRACTOR or SAUDI

ARAMCO supplied equipment}.
( 47.1 BOWEN OVERSHQTS
One lot with guides, extensions, grapples (Basket and Spiral),

packers, etc. as necessary to fish for CONTRACTOR's tools. Tool
lists will be subject to SAUDI ARAMCO approval based on
CONTRACTOR's Down Hole Tool List. Must include a 13-3/4"
overshot with 12" and 11-3/4" grapples. With over sized guides for
22", 16" and 12" hole
47.2 HYDRAULIC FISHING JARS TO FIT CONTRACTOR FURNISHED

IN-HOLE TOOLS
One (1} 7-3/4", One (1) 6-1/4" and One (1) 4-3/4" Bowen Oil Fishing
Jars with back-up for each size.
47.3 INTENSIFIERS
One (1) set each of 7-314", 6-1/4" and 4-3/4" intensifiers with one set
back-up for each size.
4 7.4 BUMPER SUBS
One (1) set each of 7-3/4", 6-1/4" and 4-3/4" lubricated bumper subs
with one set back-up for each size.
47.5 JUNK SUBS AND BASKETS
Two (2) junk subs and one ( 1) reverse circulating Junk basket for 16 .
12". 8-3/8" and 5-7/8" hole sizes to be available at r1g site when
corresponding hole size is being drilled
OGD2000/00/09 G-1-21 of 30
,-· ---~
47.6 MAGNETS
Two each ditch magnets.
47.7 QROSSOVER SUBS
All subs to connect CONTRACTOR's fishing tools to CONTRACTOR's

drill pipe.
48. STORAGE TANKS AT RIG
48.1 DRILL WATER
1000 bbl capacity with external lines isolated from mud pits as
described in Item 1-14 above.
( 48.2 ~
500 bbl capacity diesel tank

4000 gallon gasoline tank
48.3 CEMENT MIX WATER
Two (2) cement mix water tanks 500 bbl capacity each. Each tank with
2 Compartments of 250 bbl minimum each, "zero dead volume", 500
bbl total capacity with 15 hp agitators, adequate transfer pump, mixing
hopper and required valving/plping to allow mixing and transfer of
fluids from compartment(s) to service company cementing unit.
Adequate lighting, grating and hand rails to be provided.
48.4 WELL FLUID DIESEL STORAGE TANI<
Diesel well fluid storage in covered tank(s). 1000 bbl. complete with
transfer pump mounted on the tank(s) and plumbed to provide loading
or unloading to rig or pump truck as required by operations.
49 CASING AND TUBING HANDLING TOOLS
Contractor to provide a false rotary table to run inner string cementer

capable of running at least 3000', of 5 W' DP.
SAUDI ARAMCO will furnish handling tools for all other sizes and
casing/tubing power tongs.
OGD2000/00/09 G-1-22 of 30
50. RAT HOLE/MOUSE HOLE
One ( 1) 11" or larger Positive displacement mud motor as and when required
for drilling rathole, mousehole.
51. JAEGER PUMP (OR EQUIVALENT)
2 each ( 1 primary and 1 backup)
Type pumps: Centrifugal

Description: One Gorman-Rupp Model 86A2-5034, 6"x6" with GMC 5034-
7101 3 cylinder diesel engines, 1,820 gpm at 5' suction lift.
52. CASING SCRAPE[§ (including spare parts)
52.1 One (1) 9 5/8" Baker C-3 Rota-Vert (or equiv.} dressed for 40#-
58.4# casing w/4 1/2" Reg pin X Box connections (box down/pin up).
52.2 One (1) 7'' Baker C-3 Rota-Vert (or equiv.) dressed for 32#- 38#
casing w/3 1/2" Reg pin X Box connections (box down/pin up).
52.3 One ( 1) 5-112" Not required
52.4 One (1) 4-1/2" Baker C-3 Rota-Vert (or equiv.) dressed for 11.6#-
13.5# casing w/2 3/8" Reg pin X Box connections (box down/pin up).
53. CUP TESTERS
53.1 One (1) ea CIW type 'F' cup tester to fit 13 3/8'', 72# to 86# csg.
53.2 One (1) ea CIW type 'F' cup tester to fit 9 5/8", 53.5# to 58.4# csg
54. INSTALLED CEMENTING AND TESTING PIPING:
CEMENTING PIPING: One ( 1) 3" minimum 1OM-psi line from end of cat
walk to rig floor, equipped with 3", 1502 welded or molded WECO unions.
55. PERSONNEL ELEVATOR
One ( 1) electric personnel elevator to carry people from ground level to rig
floor with all required SAUDI ARAMCO and industry standard safety
features. Should have call button at rig floor and ground level.
OG 02000/00/09 G-1-23 of 30 rP·-------

II. OTHER SUPPLIES AND EqUIPMENT
1. DRILLING WATER
1 .1 Valves, connections and plplng for connecting water tanks.
1.2 Daily operation of water system including service of prime mover.

minor repair and maintenance. CONTRACTOR will service engines
with SAUDI ARAMCO furnished fuel, oil and water.
2. FUEL AND LUBRICANTS
2.1 Lubricants
2.2 Two transfer pumps - diesel or electric- 3" x 4".
3. POTABLE WATER
As required for rig and camp.
4. SAFETY EQUIPMENT
4.1 Adequate fire fighting equipment to include as a minimum:
Fire Extinguishers- Dry Chemical- Type BC ANSUL
Number ~ Location
2 150# On Wheeled cart
1 150# Camp
2 30# On rig floor
1 30# At each mud tank
30# At each generator
30# At accumulator
30# At each mud pump
1 30# At gasoline fuel tank
yyV'
OGD2000/00/09 G-1-24 of 30 ~
30# At diesel tank
2 30# At rig office
1 30# At camp generator
As necessary 30# At camp
1 30# Utility House
1 30# Warehouse
1 30# SAUDI ARAMCO Material House
Fire Extinguishers - ANSUL Carbon Dioxide
2 10# At each electrical switch

panel (C02)
10# At each camp kitchen
Equipment and supplies to re-charge also to be provided.
2 EA Fire Hydrant complete with output 150 psi
4.2 Three live reeled fire hoses (horizontal), each having 1-1/4" x 100' fire
hoses (125 psi working pressure) with combination stream/fog
nozzles capable of delivering 250 GPM- located on rig floor, by prime
mover and pipe rack. Note: to be used for fire fighting or drills only
and should be powered by independent diesel engine.
4.3 Safety equipment for CONTRACTOR's employees including but not

limited to safety shoes, hard hats, work gloves, hearing protection,
safety goggles, etc.
4.4 Gas detectors, H2S detectors (SAUDI ARAMCO approved), breathing

apparatus: (Scott Air Paks), a cascade type safety unit, emergency
and other safety equipment per Attachment II to Schedule "D".
CONTRACTOR shall at his expense install, maintain, calibrate and
otherwise keep the entire H2S detection/protection equipment in first
class operating condition. CONTRACTOR shall provide monthly and
after each rig move certification of proper functioning of GAS/H2S
protection equipment by a SAUDI ARAMCO approved third party
inspection service company.
NOTE· Contractor to provide 10 additional SCBA's over and above
attachment II to Schedule "0 requirement.
OG 02000/00/09 fh----
4.5 H2S training and equipment maintenance:
4.5.1 CONTRACTOR shall ensure that all rig personnel are trained
and proficient in the use of H2S protective equipment and in the
proper response procedures to an H2S emission.
4.5.2 CONTRACTOR shall provide at SAUDI ARAMCO request re-

calibration/testing of all detection/monitoring equipment, by
approved third-party inspection service if deemed necessary by
SAUDI ARAMCO, prior to or while penetrating or tasting
possible hydrocarbon-bearing reservoirs.
4.6 Qualified Safety Officer
5. INTERNAL COMMUNICATION
5.1 Internal telephone system (intercom) GAI-tronic or better (Intrinsically

safe) 10 stations including one (1) acoustic cabin and nine (9)
explosion proof types. Stations to have clearly audible alert ringers.
5.2 Three (3) loud speakers for general paging.
5.3 Separate system for "ha11ds off- talk back" on call between:
A) Drilling floor (driller's position), monkey board, slabbing board

and end of cat walk (at least four stations). (all to be explosion
proof)
B) Drilling floor (driller's position), choke manifold, cellar, mud pits

and cementing unit area. (all to be explosion proof}
6. MUD MATERIAL STORAGE BOXES
Four (4) each approximately 30ft X 9ft X 5 ft (inside) steel boxes on lift rail with
one removable side (not end) and steel plate floor. Covered with steel roof to
provide rain/sun protection for mud material.
Ill. SERVICES
A. TRANSPORTATION
1. Rig Moving
All transportation equipment and labor for moving CONTRACTOR's

ng. camp and equipment
OG 02000/00/09 G-1~26 of 30
2. Loading and Offloadlng of CONTRACTOR and SAUDI ARAMCO
~gulpment
Equipment to include one 50-ton minimum Grove rough terrain crane

with safe working load devices: one Caterpillar 966-D articulated front
end loader with bucket and forklift attachment.
Up to 30 loads of SAUDI ARAMCO materials and equipment will be

hauled by CONTRACTOR from each wellsite to the next location at
no additional cost to SAUDI ARAMCO for a maximum one way
distance of (150) KM: any additional distance will be compensated at
rates specified in Pricing Attachments of Schedule "C".
3. Support Transportation -within (750) kilometers road distan<;e
approved bv SAUDJ ARAMCO Cas soecifled In drilling program) tt> or
from wellsi\e
3.1 Fuel for CONTRACTOR's use
3.2 CONTRACTOR's personnel.
3.3 CONTRACTOR's supplies lnclu~ing foodstuffs for camp.
3.4 Diesel for well testing and completion as required ( 1000

BBL maximum).
3.5 Potable water hauling
4. Support Transportation- over (750) kilometers road distance

aoproved bv SAUDI ARAMCO (as soeclfled In drllllna orogram) to or
from well site
SAUDI ARAMCO will compensate CONTRACTOR for one-way

mileage in excess of (750) kilometers associated with 3.1 thru 3.5
above at the rates specified in the Pricing Attachment to schedule
5. Overseas Shipment
Transportation of CONTRACTOR's equipment, supplies, and

personnel.
8 FIELD CAMP
1 Complete field camp to provide meals and living quarters for all
CONTRACTOR's Personnel.
OGD2000/00/09 G-l-27 of 30
2. Living quarters, skid mounted, with all amenities and meals for a
maximum of twenty four (24) equivalent SAUDI ARAMCO Grade Code
11 and above or service personnel with no more than two (2) double
rooms per bathroom. Properly documented meals actually consumed
by these personnel shall be compensated at rates set forth in
Schedule "C".
maximum of twenty eight (28) equivalent SAUDI ARAMCO Grade
Code 10 and below or service personnel. Properly documented meals
actually consumed by these personnel shall be compensated at rates
set forth in Schedule "C".
4. Two double porta-camps, one for Geologist/Test Engineer and

one for Mud Engineer with 2 beds each.
5. Two double porta camps, one for Geologist Lab to include labfsink.
small refrigerator, desk and chair and one for Mud Engineer Lab to
include lab/sink small refrigerator, desk and chair In each side.
6. One unit each for offices at rig site fqr Company and Contractor
Representatives, configured as follows:
The Company Representative and Contractor Representative Unit lo

be equipped with access door on each end of trailer, complete with
desk, paper tape adding machine, chair, two 4-drawer file cabinet and
small refrigerator, air conditioner and heater in both ends, toilet and
wash basin In middle of trailer,
and complete with water pump and pressure tank, sewer and water
lines.
7, One double unit for quarters for two Company Representatives,

configured as follows:
Unit equipped with access door at each end; both sides to have
carpet, permanent type single bed with premium mattress, double
wardrobe, small table, chair, two drawer filing cabinet
and small refrigerator. Each room shall have its own bathroom
with shower, toilet and wash basin.
B. One (1) single portable camp equipped with exercise equipment to

include tread mill, stair climber and various weights.
OG02000/00/09 G-1-28 of 30
9. All facilities shall have adequate air conditioning and healing and
be equipped as necessary with pressure tanks, water pumps, sewer
and water lines.
10. Condition of all facilities shall meet with SAUDI ARAMCO approval
both at the beginning and throughout the term of
this Contract.
11. Schedule "G" FIG-4 details the required overall rig accommodation
layout. These accommodations are credited
against the requirements of Paragraphs 2 and 3 above.
maximum of eighteen (18) equivalent SAUDI ARAMCO Security
personnel to be located at main entrance.
{
13. One double unit for quarters for two Senior Security personnel,
configured as follows Located at main entrance to rig site.
Unit equipped with access door at each end; both sides to have
carpet, permanent type single bed with, premium mattress, double
wardrobe, small table, chair, Each room shall have its own bathroom
with shower, toilet and wash basin.
C. MISCELLANEOUS SERVICES
1. Electrical Repairs and Maintenance- SAUDI ARAMCO Owned Items
2. Routine and minor repairs (SAUDI ARAMCO owned Items) at the rig site
(spares to be furnished by SAUDI ARAMCO).
3. Medical evacuation vehicle (Refer to Schedule "8'' Attachment II). The

vehicle shall be of sufficient size and suitability to accommodate a stretcher
and accompanying attending medic entirely within the body of the vehicle
during transportation to the nearest clinic or hospital. The vehicle should
be clean, well kept and maintained at all times. The vehicle design should
allow for, or be equipped so that, verbal communication between the
vehicle operator and the attending medic or injured worker is possible.
OGD2000/00/09 G-1-29 of 30 -4t)1

5. CONDITION AND MAINJENANCE OF CONTRACTOR'S
ANCILLARY EQUIPMENT
The drilling rig and ancillary equipment furnished by CONTRACTOR shall at all
times be safe in every respect and maintained in good operating order, condition
and repair.
6. CARE OF MATERIALS. TOOLS AND EQUIPMENT

SUPPLIED BY SAUDI ARAMCQ
During the periods that SAUDI ARAMCO's materials, tools or equipment are In
CONTRACTOR's care, custody or control, CONTRACTOR shall be responsible
for safeguarding such items and ensuring that they are treated with due care and
maintained, used and/or operated in a prudent manner. CONTRACTOR shall
return all unused materials, tools and equipment, in as good a condition as when
received, normal wear and tear excepted. CONTRACTOR shall take whatever
( measures Company Representative or the SAUDI ARAMCO Industrial Security
\
Department may require to safeguard and care for such items and
CONTRACTOR shall be responsible to SAUDI ARAMCO for failure to discharge
such obligations as are imposed by this paragraph, subject however to the terms
() of Paragraph 8 of Schedule "A". Matters relating to security and safeguarding of
SAUDI ARAMCO-supplied items will be coordinated with the SAUDI ARAMCO
Industrial Security Department.
7. MAINTENANCE OF SAUDI ARAMCO SUPPLIED TOOLS AND EQUIPMENT
CONTRACTOR shall at its own expense repair and maintain all tools and
equipment supplied by SAUDI ARAMCO except for specialized equipment which
is not repairable at the rig site(s). SAUDI ARAMCO shall provide spare parts for
all SAUDI ARAMCO supplied tools and equipment.
B. CUSTOMS DUTIES
CONTRACTOR shall not include in the Contract Price Saudi Arab Customs
duties for any CONTRACTOR-supplied tools and equipment to be used In
connection with the WORK and then re-exported. If CONTRACTOR re-exports
such tools and equipment and is unable to obtain a refund of Saudi Arab
Customs duties deposited with Saudi Arab Customs, SAUDI ARAMCO shall
( promptly reimburse CONTRACTOR for Saudi Arab Customs duties paid by
CONTRACTOR on such tools and equipment. CONTRACTOR shall submit its
invoice to SAUDI ARAMCO for such reimbursement accompanied with proof that
CONTRACTOR has deposited the duties, re-exported the tools and equipment,
and failed after reasonable effort to obtain a refund of deposited duties.
END OF SCHEDULE "G"
G-2
OND 4/89
ONW
OFDW
Revised 7/93
·r~·
I
•.
6.1
FINANCIAL ANALYSIS FOR
DRILLING RIGS WITH
INTEGRATED RIG MOVE
BUSINESS
DRILLING RIGS WITH INTEGRATED RIG MOVE BUSINESS
Finance cost Projection (Fig. in '000 USD)
Funds contribution for the project
Finance cost Projection
AUDITED AUDITED AUDITED UNAUDITED

Particulars 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Opening Balance 0 0 7,826 3,991 5,699 105,610 164,499 142,984 121,484 100,144 80,000 60,000 40,000 20,000
I
I
Contribution during the year 0 7,826 0 1,707 100,000 60,000 0 0 0 0 0 0 0 0
Interest compounded monthly 0 0 0 0 2,631 5,237 8,254 7,206 6,157 5,116 4,093 3,070 2,046 1,023
Repayment of interest 0 0 0 0 2,120 5,748 8,254 7,206 6,157 5,116 4,093 3,070 2,046 1,023
Repayment of Principal 0 0 3,835 0 600 600 21,515 21,500 21,340 20,144 20,000 20,000 20,000 20,000
Closing Balance 0 7,826 3,991 5,699 105,610 164,499 142,984 121,484 100,144 80,000 60,000 40,000 20,000 (0)
DRILUNG RIGS WITH INTEGRATED RIG MOVE BUSINESS
(Fig. in USD '000)
FINANCIAL SUMMARY AUDITED AUD:rrED AUDITED UN AUDITED
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2028 2027
1 Debt/ Equity Ratio 15% 72% 46% 38% 85% 84% 80"A. 76% 67"A. 60% 51% 36% 22% 10"A.
2 EBITDA Margin 33% 24% 33% 35% 19% -48% 37% 36% 37% 36% 37% 37% 37% 35%
3 Rnancial Perfonnance of last 3 years attached
4 Balance sheet for last 3 years attached
5 CWIP in books CAPEX list is attached
6 Transrer from last year earnings
7 Retained Eaming 12,790.5

Cutrent Account of shareholder 13,626.8
Total retainer earnings retained by owner 26,417.3
8 Performance of Trail twelve Months attached
9 10 Years arolections attached

- - - - - - - - - - - - - - - - -
- --
DRILUNG RIGS WITH INTEGRATED RIG MOVE BUSINESS
(Fig. in USD '000)
MovemeJtt In Shareholder's eurrent

Account
AUDITED AUDITED !AUDITED UNAUDITED

Particulars 2,014 2,015 2:,016 2:017 2:018 2:019 2020 2:021 202:2 2023 2:02:4 2:02:5 202:6 202:7
Opening Balance 16,194 15,532 14,853 13,685 13,627 13,627 13,627 13,627 13,627 13,627 8,627 3,627 (0) (0)
Contribution during the year 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Interest @ compounded monthly 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Repaymenl of interest 0 0 0 0 0 0 0 0 0 0 0 0 0 0
I
Repayment of Principal 661 679 1,168 58 0 0 0 0 0 5,000 5,000 3,627 0
Closina Balance 15,632 14.853 13,685 13,627 13,627 13,627 13627 13,627 13,627 8,627 3,627 (0) (0) 1:)
DRILLING RIGS WITH INTEGRATED RIG MOVE BUSINESS
(fig in USD '000)
PROJECTED BALANCE SHEET
AllJHlED AUDrTDl AliDI'tED UltAUDITED
~N uu l.,Q" 1.1117 lOIS a1g 2020 :Z021 2021 21123 2014 l :Z015 l02Ii 2011
ASSETS
CURRENT ASSETS
8aAk &lucc &: ea.> 365 201 50 741 16,746 :ro.4S4 28,018 33,377 41,681 41,046 49,238 57,S49 80,126 99,182
Accouau Rc:cci'\11ibk 751 5,001 3,820 3,537 9,038 23,792 28,Il7 29,053 31,958 33,016 35,236 37,538 40,103 41,513
AmouAt Due from Rtlalod Pll'lic$
~fq)!)lDCill and Other CIIITCU Al.lcts 2.349 1,126 1,564 2.193 2,193 2,193 2,193 2.193 2,193 2,193 2,193 2.193 2,193 2,193
UabiUcd ~'CIJUCS
-... 1.000 i.OOO 4.000 4.000 4.000 4.000 A,OOO HJCO 4.000 4.000
TOTALCI>RRE~I ASSETS J.465 6.321 s.cs 6;A7J U.977 Sl.-4$ 62.3{9 li8.6l4 79.m 10.25$ 90.1167 10 1 ~1 l ll&.m I~
NON CURJlENT ASSETS

Loan 10 sharebold"" 0 0 0 0 0 0 0 0 0 0
~ · -LE:jw""""II<ETI 20.1)95 32.012 28.304 30.036 100.515 154.664 130.113 108.814 89.632 76.555 58,199 54.970 47.713 45.351
TOTAL NO!'/ CI!UE-'11' o\SSCT5 l o.II9S )1..012 li36C l 3!I,GU 100.515 IS..664 130.10 IOS.SU 89.632 16.SSS 58.199 S.-'70 n.1u ~5;351
TOTAL ...SSETS 2),560 31340 33.739 .35..50'1 129.493 105.13<1 192M3 1'17All 1'9•.JM 1 ~.510 J49,4U lSO.SSO INJ35 19l.2AO
EQUITY
CVRREI\7 LIABlLmts
<\c.counlJP,·ablc 1,173 6.010 5.240 3,308 3,097 6,358 9,927 10,382 11.167 11,677 12,277 12.945 13,611 14.229
4.moulU Due lO Rda\Cd Putics
'==i..,._and<Jih<>Cum:nt
....1.., 1,812 1,687 790 478 478 478 478 478 478 47& 478 478 478 478
~~Dtw~b:bbt 0 6J 112 66 0 0 0 0 0 0 0 0 0 0
rw.u.~waumu 2.985 7.751 6.141 3.851 3.57S 6.&35 IO.AOS 10.860 11,1>15 U.ISS u.754 I t3,4l3 14,088 14,707
<iON-CURRENT LlABILmES
..<JD¥ 1.:rrlllowa 0 7.826 3,991 5,699 105,610 164.499 142.9S4 121,4S4 100,144 80,000 60,000 40,000 20,000 (01
~r.,.,..,JB=ilu 0 480 528 533 751 1.085 1,420 1.755 2.08~ ?424 2.758 3,093 3.428 3.762
rorA.t. S.O'I 0/Rili.'!<T LIAIIIUnES 0 ~ i.S19 6Zll 1116.361 I 1 6~ 1~113 ll3,l38 1112.233 82.4l3 62.758 43.093 l3.421 3,762
rDTAL UABILmi:S l,9S5 16,065 lfl.661 III.Oil 109.9)6 172,419 154,808 134.098 113.578 94,578 75,512 56,.516 37.515 la,,69
;fOCKHOLDERS' EQllrT'Y
ib:m:C.piW 7 7 7 7 7 7 7 7 7 7 7 7 7 7
itum:bolcn' CW'1Tt:nl Aa:otmt 15,532 14,853 13,685 13,627 13,627 13,627 13,627 13,6Z7 13,627 8,627 3,6Z7 101 10) I• I
\daintd E.arn.ialtl 0 0 0 0
lpcinin. balan<c 3,019 5,036 7,415 9,386 12,791 5,924 19,081 24,021 29,706 41,953 53.598 70,320 100,028 136,613
lrolitDuriaa'tbc)'cnt Z,OI1 2,379 1,971 3,404 16,11<•7' 13,158 4,940 5,685 12,247 11,645 1611!) 29,708 36,585 37.151
:!Colq- 5.036 7.415 9,386 L~79L 5.924 19.08] 24.021 29.706 ~1 .953 53.598 7oi20 100.028 136.613 173,7&1
'OT.U. m:>C!QIOIJilU' ~ 20..515 22.275 n .nn 26,.(24 1'tS57 33.715 37.654 43,339 SU86 61.131 73,9s. IOO.OJS 1'6.619 173.771
;~~~;:;;~:~~lTV ll;S60 38,340 33.739 J6,S07 129.Al13 !115,134 111l.~6J 177,438 169 •.JM 156.810 149.466 156.550 174.135 192.240
. - . .
Uno M'ALVSIS
=~~
Jebt Equity Ratio
~----
l liJ
~ -
15%
_
o~~~
72% .
_l(l.S!§ -
_:I_
168
38%
75.447
8 85%
1061
25Z4
J
73841
8-1%
70911
J
5992
80%
1352
63191
76%
1424
6855
67'K
I 701
66GJ
60%
1.842
7109
51%
2-037
7.568
~
2.311
8.97 ..
~%
261!
91lSS
10%
21!3
I I I I I (Flg. in USD '000) I I I
I
DRILLII'\G RIGS WITH 11\TEGR.-\TED RIG MOV£ BVSTN£SS
lOYEARSPROJECTIOK AUDITED Al!Drrt:D AllDln::D
'
I
WIAlllllTED
I '
I
'
I
I I I
I
I
I
l'atilallo~ :W14 2015 2016 :W17 2018 1019 2020 lOll 2022 2024 1015 I 2016 2027
Rcn:aae I
OrlllinJ! +Rig Move Rti'elllle 15,909 29.311 25,195 26,531 34,491 67,129 99,768 103.266 113,764 126.407 134.457 144,393 149.810
Rig Movo + Ad Hoc Rtvonuc 1,000 1.500 1.500 1,500 2,162 6.0SJ 9.966 10,096 I 1.106 ILS74 12.557 1.2.924 13.125
Moi>IDt:mob R.evdlue 0 0 0 0 0 21.000 0 0 0 0 0 0 0
Otlla' IIIQQltle·OtMrs 0 0 0 0 0 0 0 0 0 0 0 0 0
Otb<r lncome-Cuering 0 0 0 0 0 415 829 829 912 9U 1.004 1,004 1.004
Total Rcvalut t6.90!1 JOJl!l 1&.495 23.1131 36.653 94.597 ll0.563 U4.192 US,78l 138.893 148.018 158.320 163,939
OjlCnllnJ E~DJc:S
Ptrsonnd Cost 4,320 4,810 6,962 8,562 14.436 22.760 18.8:!6 30.028 32540 37,734 40.967 #.212 47,760
SUJl!IIICS~~ 987 1,776 2.081 1,812 2.310 6.815 15.056 15.754 16.542 18.113 19,019 19.904 20,132
R<mlltmmt Fees. 0 0 0 0 515 0 0 0 0 0 0 0 0
!>~Move 683 668 663 632 948 1.991 4.480 4.7().1 5.174 5.704 5.990 6,289 6.603
Tesing!Tnspeaion. Sal<tv 0 0 0 0 0 175 349 358 376 39S 414 425 435
Thtnl Pin}· Servi<:cs Cost 0 0 0 0 0 0 0 0 0 0 0 0 0i
PPE 0 0 0 0 61 (g.; 369 378 397 417 438 <449 460
Tminin& 0 0 0 0 !54 461 682 699 734 771 809 !30 850
Commis1lon 0 0 0 0 0 0 0 0 0 0 0 0 0
I~ 0 0 0 0 12 37 n 75 79 83 87 89 91
TliiVcl 0 0 0 0 63 190 380 389 408 419 451 462 473
Site Infra. 0 0 0 0 343 1.030 2.059 2.111 , '17 2.319 2.445 2.506 2.569
Equi_pmenr Rc:ntal 4,141 15,090 7,062 5,357 6,834 7,853 9,026 9,437 10.296 11.260 11.823 12,365 12.933
Otha o:pru.es 0 0 0 0 12 36 72 74 77 81 85 88 90
Fu!!l.t.Lubes 0 0 0 0 42 126 b"'2 258 271 28S 299 307 314
Tow Operatic~: Cosr 10,131 22.343 l6.7fi8 16..M3 26..291 4L6S8 61.624 64.263 69.111 n,60J 82.827 87.925 93.413
O_pe_ratillt SurPIUJ 6.m 8.468 9.927 U.669 10.362 S%.939 48.939 >19.919 56671 61 ..293 6SJ92 10.395 7D.5l6
OVERHEADS 1.121 1,174 1.189 1,747 1,497 7.439 l,567 8,893 9.57l 10.59'3 11.123 11.869 12.337
EBnDA 5,656 7,294 3.737 9.921 6.865 45.500 .10.312 41 .036 47. 100 50.700 54.069 58.526 58,189
DEPRECJATION 3,627 4,617 6,616 6,300 1 uoo 26,651 27.051 27.999 28.382 29.456 20.529 18.957 19.062 c
FINANCE COST 0 237 100 130 :Ui31 S.23i 8.254 1.206 6.157 4,093 3.070 2.046 1.023
PROFIT AFTER DEP.& !NT 2.029 2,440 2.022 3,491 t6.S~~, 13.613 5.066 S.831 12.561 17, 151 30,470 37.523 38,104
ZAKAT 12 61 51 87 0 455 127 146 314 429 762 938 953
NET PROFIT AFreR TAX 2.017 2,379 1.971 3.404 16.Sb7r 1.3,158 4.940 5,685 12.247 16.722 29,708 36.585 37, 151
I I I I I I
RATIO ANALYSIS
OPER...,Tl'NG COST% 60% 73% 63% 18% 72% 44~· 56% 56% iS% 56% 56% 56'4 S7"~
OPEMTJJiiG SURPLUS % 40% 27% 31% 42% 28"/o 56~. 44% 4-1% 4"l. oW% 44% 4.1% 43'11
EBTTDA% 33% 24% 33% .15% 19% 48% 3"]'04. 36% 37% 37% mo 3i% 3S~
KETPROm •~ 12% ~ 1% 1.2'1' -19% 14% _4% 5% 10"-' ~~. lre'~ 23% 23~
- - - - - --
ORILUNG RIGS WITH INTEGRATED RIG MOVE BUSINESS
PROJECTED CASH FLOW (Fig. in USD '000)

AUDn:ED AUDITED AVDITED UN AUIXTED
2014 2015 2016 2017 21118 2019 2020 2021 2022 2023 2024 2025 2026 2027
DEC OEC OEC DEC DEC DEC DEC DEC DEC DEC DEC DEC DEC DEC
SR NO.
-~~ ...
1 OIM!nlng Balance 110 365 201 50 741 16.748 20.434 28,018 33,377 41 ,681 41 ,046 49,238 57.849 80,126
2 ReceiptS
C<ln!r.5d Receipts - 75 days aedit 13.BOS 2A.685 21311 22,301 27,615 72.470 85.755 88,553 97.408 100.S38 107.423 1 !4.434 122.270 126,519
Retention () 0 0 0 0 0 4.082 9.964 3.964 4,361 4,361 4.361 4.797 4,797
Clo$lng debtors paid in next year 1,039 3,100 6.126 5.384 3,537 9,038 19,710 24173 25,089 27,598 28,655 30,875 32.7-42 35.306
Proceeds from Loan 0 7.828 0 1.712 100,000 60,000 0 0 0 0 0 0 0 0
Sals o! CAPEX 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Receipts 2 14.847 35,612 27,1G7 29.398 131.152 1.01,508 10'9,547 116.690 126A61 132.597 140,438 149.670 159.808 166,682 I
3 Total Funds Availab le (1+2) 14,957 35.976 27,638 29,-448 131 ,893 158.254 130.031 144.708 159,838 174.277 181.425 198,908 217.657 246.808
4 Pay Roll Outllow

Payroll & Other Cost - Rig Crew 4,320 4,810 6962 8.562 14.438 22.760 28,826 30,1121! 32.540 35,023 37,734 40,967 44212 47.760
Payn>ll & Other Cost - Base Offoce 0 0 0 0 2.218 2.218 4.438 4.436 c.436 4,438 -4,436 4,436 4.438 4,436
End of seMc:e bet)elil accnml not paid 0 '-4,11)·· ·cs~ 0 21' ·3351 .)35) j.SS· 1335 1335' 13351 -::.51 (3351 .s35!
Totll4 4.320 4.330 6,914 8.562 16.437 24.644 32.927 34,129 36.642 39.124 41,835 45.068 48,313 51 .862
5 Suppliers, OverfiUds and Financing

Credttors - 120 :!ays credll 3.948 11.010 4.966 5.762 10,036 19,<26 30.333 31 .724 34,122 35,681 37.513 39,555 41 .588 43.478
CloSing credttors paid 1n next year 988 2..985 7 ,697 6,(13() 3.308 3,097 6,358 9.927 10.382 11.167 11 .677 12.277 12.945 13,611
Pl.II'Ch8se of inventory 0 0 0 .0 1,000 3.000 0 0 0 0 0 0 0 0
Interest Repaymenl 0 237 100 130 2.120 5.748 8..25-! 7.206 6,157 5,115 4,093 3 ,070 2,046 1.023
loan Repayment 0 0 3.835 0 600 600 21 ,515 21500 21,340 20144 20.000 20,000 20.000 20.000
ToWS 4,836 14,232 15,597 11.922 17.064 31 .871 56,<160 70,356 72.002 72,108 73.283 74,902 76,580 78.112
6 Capex Payments
Capex Payments 4663 16.535 2.907 8.032 81 560 80800 2.500 8700 9,200 - 16,700 11 ,700 16,700 11700 16.700
TotalS 4.663 16.535 2.907 8.(132 81 .580 80.800 2.500 6 700 9.200 16.700 11,700 16.700 11 ,700 16.700
7 Olhers-SP/Wllhhokllng tax/ZAKAT 12 0 0 133 66 "55 127 146 314 299 429 762 938 95.'3
S~ withdrawals 661 679 1.168 58 0 0 0 0 0 5,000 S,OOO 3,627 0 0
Total7 673 679 1,168 191 66 455 127 146 314 5299 _!.429 4.389 938 953
a Totar Oulflow • ton 14.593 35,775 27588 28.107 115,147 137,770 102,013 111331 118.157 133.231 1n241 141,059 137,531 147,626
9 Closing Balance (3-8) 366 201 6(1 741 18,7<1& 20,484 28,0!!., ~~77 41,681 41,046 ~.m _ _57,849 80,1 26 99 ,1 8~
6.2
FINANCIAL ANALYSIS FOR
DRILLING RIGS BUSINESS
Project Fundamentals
1.0 Fund Contribution
1.1 Project fund contribution USD80M @ 5% interest pa Interest paid from end of 2019
1.2 Project commencement date from August 2018
1.3 USD 20M will be required in August 2018
1.4 USD 60M will be required early 2019 to buy rig assets.
2.0 Fixed Assets
Depreciation
2.1 List of Fixed Assets Proposed Rate ValueUSD 3 Rigs
RIG ASSET 7% 20,000,000 60,000,000

ACCOMOOATION 10% 3,500 000 10,500 000
EQPT , PLANT & MACHINERY 20% 1,000,000 3,000,000
COMPUTER SOFTWARE & HARDWARE RIG 33% 100,000 300,000
VEHICLES 25% 0 0
FURNITURE & FIXTURES 20% 250,000 750 000
OTHER MISC ASSETS 33% 50,000 150,000
FIXED ASSETS AT BASE OFFICE 2,650,000 2,650,000

FIXED ASSETS AT WAREHOUSE 1,650,000 1,650,000
!PRE OPERATIVE EXPENSES 4.3e3,sas I 4,383,689 I
TOTAL 83,383,689
Company plan to buy 3 rigs
2.2 F/A cost includes cost of mobilisation to loaction in KSA and

payment of custom duty.
2.3 Crane , forklift and Ambulance is part of rig package.
2.4 From third year onwards addition of CAPEX USD2.7M per annum.
3.0 Revenue
3.1 Drilling Day Rate Revenue

97% utilisation
1 day per month for maintenance at zero rate
Day rate assumed USD34,000 per day and after 3 years increased by 10% .
Initial contract Is for 3 years and thereafter renewals.
Project Fundamentals
3.2 Rig Move Revenue
!lENGlH OF INO. OF DAYS NO. OF RTC3

RIG MOVEIN PER RIG MOVES PER
RIG MOVES KM MOVES YEAR
RIG01 45.0 7.0 5

RIG02 45.0 7.0 5
RIG03 45.0 7.0 5
3.3 Rig Move Rates RIG CAMP
Upto 20 km In USO 400,000 50000

thereafter per Km In USD 1,000 1,000
3.4 Catering rate per day In USD 18.6
4.0 Pre Operative Expenses
4.1 2 months operation cost as pre operative cost for operations

2 months overhead cost as pre operative cost
4.2 1 month gross salary of rig staff as recruitment.

2 month gross salary of rig staff as recruitment & staff joining expense
4.4 During pre operation company will have to pay for F/A , inventory of USD2M and pre
operative operation expenses and overheads.
5.0 Cost of operation
5.1 Cost of operation will remain steady for first 2 years & thereafter increased by 2.5% I 5%.
every year.
5.2 staff cost , maintenance cost 1 rig move cost , QHSE cost I catering cost , overheads
is considered as per historical data in the drilling industry.
5.3 All rig equipments and vehicles will be on rent which are not part of rig assets.
6.0 Receivables from customers
6.1 Saudi Aramco will retain 10% of invoices as r.enetion which will be paid in next year
6.2 Saudi Aramco will be billed every month at th·e beginning of next month
6.3 Saudi Aramco will pay at 60 days from the date of submission of invoice
7.0 Payable& to Suppliers
7.1 Suppliers will be paid at average credit term of 90 days after commencement of operation.
During pre operation most of the suppliers will be paid immediately.
DRIWNG RIGS BUSINESS
(Fig. in USD '000)
FINANCIAL SUMMARY
2018 2019 2020 2021 2022 2023 2024 2026 202& 2027
1 Debt I Eqully Ratio 640% 448% 325% 205% 135% 87% 50% 26% 8%
2 EBITDA Margin 64% 37",{, 35% 38% 37% 35% 38% 38% 35%
3 Financial Performance of last 3 years N/A
4 Balance sheet for last 3 years N/A
5 CWIP in books CAPEX list is atlached
6 Transfer from last year earnings NIL
7 Retained Earning NIL

Current Account of shareholder Nil
Total retainer earnings retained by owner NIL
8 Performance of Trail twelve Months N/A
9 1o ~ars projections attached - - -

Finance cost Projection (Fig. in USD in'OOO)
Funds contribution for the project
Interest Rate 5% 5% 5% 5% 5% 5% 5% 5% 5% 5%
Particulars 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Opening Balance 0 20,512 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000
Contribution during the year 20,000 60,000
Interest @ 5% compounded monthly 512 1,049 4,093 3,581 3,070 2,558 2,046 1,535 1,023 512
Repayment of interest 0 1,561 4,093 3,581 3,070 2,558 2,046 1,535 1,023 512
Repayment of Principal 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10.000 1
Closing Balance 20,512 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0
~RILLING RIGS BUSINESS
I'ROJECTED BALANCE SHEET (Fig. in '000)
_____
lit II :ZOlll J8lO 21121 l02l 2823 20l4 2IOS llll6 20%7
I
\SSETS
..
::URRENT ASSETS
--.tCOob 15,734 11.031 12,750 11,632 12,732 14,564 16,200 20,233 25,020 29,566
"""""'""' 0
0
10,121 9,829 9,829 10,812 10,812 10,812 11,893 11,893 11,893
..-
--ODdCldooC....,._
JobillcdRa....... 0
2.000 2.000 2.000 2.000 2.000 2.000 2.000 2.000 2.000
roTAI. Cl!ltR£.'\T ASS!mi J IS.'lJ.I ll.JSl 2(.5JO :!3.461 15.544 17,37& U..GU 34.117 38913 (3..460
65.1~1
~ON ClJ1tRENT ASSETS
.con .. thonfto1doB 0 0 0 0 0 0 0 0 0
-.-.t.e-().'UJ 71.951 59.806 54.873 49.862 45.753 41.628 37.398 33.064
IOTAL ~0'< CURUNT ASSl:TS 0 71.951 65.UD .59,806 54.173 49.861 otS.753 41.6111 37.391 33,064
rOTAl. ASSETS 15,734 95.10. 89.682 !3.2~7 1111,411 n.238 74.765 75,755 76.312 ;~
!QUITY
-"'>-
::ualtENT LL\IIIL.rTIU
\moUal Due 10 Rdafal hrtits

\ccn&ld.,__IIDdOibc.-C""""
.ill>ilitia
0
0
0
1,905 2,737 2,833 3.029 3,132 3,238 3,455 3,568 3.685
""l"""l'orz.b 0
'VI'AL C:U.U.~T UUfUTt.[S" 0 1.905 l.ID l.833 3.029 3.1.32 3.23& 3,453 3.568 3,68S
iM-CtiR.RENT LIAiiiLITilS
~&am.im'CIIanl 20,512 80.000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0
lm;>"-'f-"*' 1k=:llu 1!7 352 587 821 1,056 1.290 1.525 1.760 1.9!U 2.229
rtiT AL ~ON CllltUI\o U.AII1UllES !0.619 80..351 I 711.587 60.Si SI.V56 41.;.!90 31.525 11.760 11.994 1.229
"'TAL UUJU'I'tD 20,629 82,l57 73.314 63,654 54,0115 44,423 34,763 l5.l14 15,563 5,!114
il'OCIQIOIJ)ERS' ZQUJTY
;ioon:CJot>ilal 0 0 0 0 0 0 0 0 0
_.c..,.,._ 0
-Eanlllp
. . . . . bol-. 0 \4.895) 12,846 16,358 19,613 26,332 32,815 40,002 50,540 60,749
ltofia Duriq tbc~'CBI' (4,895) 17.742 3,512 3,254 6,720 6,483 7.186 10,539 10,209 9,861
~lhl= 14.8951 12.146 16,358 19.613 26.332 32.815 40.002 50.540 60.749 70.609
tOT.A1..5'1'0CmOL»l&S" I.Ql!m d"i1 1!.1-15 16.358 19.613 ~.3)2 n.ll15 40.0!E 50.540 60,149 70.609
IUI"'-UJUUU'Iltl>.
iTOCIQJOLDUS' [QvlT\ 15.734 95.1114 89.611% 13.167 80.4181 77.238 74.765 75,755 76.3U_I 76.Sl3
0 0 0 0 0 0 0 0 0 0
RATIO ANAl.\'SIS
:WTent Ratio
Jebt 10 Equity Ratio
12.151
640% 8~, WI]
325%
HlJ
lO~
II 794
8%
~R I 16425 I.Jl!O 1.019 1.256 1.561

DRIU.J.SG lUGS BUSINESS I I I I
10 YEA!IS PROIECtJON I I I I I 4 J
Partial.m ~lUI 101Y 10111 11121 1021 1023 1014 lVlS m' 10%7
IJtililotlllft 91 .~ 97. ~ 97.0% 97tm 91.0% 970% 970!> 97.0% 'TT!M 91.0%
DiK'oan1
RATE Slo(,OOO S34,C.CO SJ.I,OOO S>i.400 SJ7,400 SJ7,.COO S41.1.SO $41.1.10 $41.140 I
1>:1)0 Oa Hire •77 9!!4 934 9$4 ~ g$4 '154 9S4 9$4
DIJJOilMiim- 18 36 ;6 36 36 36 36 36 36
I>:IJ!_OnMa><: 53 105 lOS UlS lOS lOS lOS lO:S 105
Dav•Oif"Hite 0 0 0 0 0 0 0 0 0
Lim t.09~ L~ I
·-~
0 548 1.0'15 L09S l.o95 I.D9S
Rn=uc
n.vR.u•- 15.731 lU63 31.463 34..6(» :14.1i09 3-1.609 38.070 3$,070 ».070
RJ3!11~ 3.~! uso 1.350 I.O&s a.os; 8.085 8.8!1-l !.194 l.li'l4
Mo!:il)<mob Jl.OOO 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
Oth« - - Otbm
O!bcr 1-....C-=.Ramh 41S 8'19 s:!9 9i! 911 912 1.00-1 l.OIW 1.001
To<allln"mue 0 4o.nl JS.Wl ~.o.ll 43.~ ~.60' 43,606 47JI67 47.t67 :17.967
a ........._ c-....
llencnnoiCO>I 1-"9-1 4.711 9.56: 9.801 111.:!91 10.5'8 IO,IIl 11.352 11,636 11,927
S-It~ 92 I. IllS 2.216 2.271 l.:IS4 2.444 2.305 2.630 2.696 2.764
llccnBm!cnt Fees 515 0 0 0 0 0 0 0 0 0
~lob/Ri_J}®vc 0 1.66S 3.330 1,413 3 .~ ),674 3,76S 3,954 ~ . os:z 4.154
TcaunAfjtepO':hO!IfSaf<ly 0 175 349 358 :IT6 385 395 414 425 435
T1unl Pla)· S.M=o C"" 0 D 0 0 0 I) 0 0 0 0
PPE 61 Is.& 369 37& 397 -107 411 438 U9 460
Ttlinin l$4 46! 682 699 734 75! 771 8091 IJO 850
Commission 0 0 0 0 0 0 0 0 0 0
Jnsuranee 12 37 73 75 79 81 83 87 89 91
Travel 63 190 380 369 406 419 429 451 462 473
Site1nfr1 343 1,030 2,059 2. 111 2.217 2,272 !.m 2,445 2.506 l.S69
)Equi_DIIIall Acoul 137 m 1.643 1.684 1,769 1,813 I.BSI 1,951 2.000 2.05:1
O!lx<ca> .... 12 36 72 H 77 79 81 85 88 90
Fuel & U!bco 42 1!6 252 2S8 271 278 :!iS 299 ]07 314
!Tonal ()pmltkt•C•t l.ll!' 10.6 .. 10916 21.SII 2l.S87 u.JSI 23.730 24,916 25.S39 25,178
··~ ".an
Opmotitoa Surplo• J.\.11161 30.207 11,131 li.Q:W ~0.-135 23,051 22.428 l.l.i89
OVEIUiEAOS 1,298 4.112 4.112 4,215 4.01 ·4.537 •. 650 4,883 5,005 s.uo
EliiTDA H.38-U 26.095 14,544 13.916 IU9• 1~.219 IUZ6 18.1 68 17.423 16.660
DEPRECIATION 0 6,849 6.849 6,997 6.632 6.711 S.IIO s.8l5 5,930 6.03S
ffii'ANCECOST Sll 1,1)19 -!,09) l.SII 3J)70 2.558 2,046 I.Sn 1.023 Sll
PROFIT AFTeR 013'.& 11\'T I H., I 18.197 1..~ >.3n 6,S9Z 6.649 7.370 10.809 10.470 10.113
ZAIL-\T 4S~ 90 .&) 172 166 184 270 262 253
NET PROm AFTER T...X I_ ·~I 11.7-12 l..m 3.254 6,720 6,483 7,186 10.539 10.209 9,361
I I
ItAno ANALVSJS
OPERATING~ 2$ 53% 54% 52% 53% S4% 5:?% 53% 5S1o>
OPERATING Sl.'RI'll:S ~~ 74% mfo 46% 48% 4'JOA 46% 48% 41"4 45,;
·-
EBJTDA~a 64% 37"~ 35% 3SO/o 3,./o 35% 38% 36% 3S'~
NETI'ROF!T'• 43.46% 1.21o/o 15.41% 14.87% 16.48"/o 2L97% ll-2!1o :OS6l.

I I I I
DRJWNG RlGS BUSINESS I I
I I
PROJECTED CASH FlOW I {FIQ.IIl '000) I
I I I I
-
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
DEC DEC DEC DEC DEC DEC DEC DEC DEC DEC
$RHO.
1 o-.rna Balance 15.734 11.031 12.750 11.632 12,732 14,564 16.200 20,.233 25,020
2 Race!pts
Con1rac1 Receli>ts- 60 dev• c:redii 90.700 29,813 29.813 32.7~ 32,794 32.794 36.074 35,074 36,074
Retentico 4,082 3,964 3.964 4.361 4.361 4,351 4,7!17 4.1111
Closing delxois paid In next yar 6.039 5.665 5;865 6.~1 6.451 8.~1 7 0!97 7,097
F'1"oooeds fronl Lean 20.000 60.000 . . . . -
Total Rlealpts 2 20,000 9'J.700 39,935 39,64l 42,624 43.605 43.606 4M86 41S61 47.967
3 Total Funds Avallmle (1+2) 20,000 106,433 50,966 52.393 54,256 58,339 58.171 63.0851 68.20i n .987
c Pay RDH Outllow

Payroll a Other C<>11 - RID crew 1,5!14 4,781 9,562 9.801 10.291 10.548 10.812 11,352 11,836 11.927
Poymll &Oihereo.t- !!aSO' Office 2..218 2218 4,436 4,436 4,436 4,436 4.436 ~ .436 4,436 4.436
End of s<!rviCio benefit. ..:auaJ not PIIIC ·p Z'>Sl :235; r'""::.._ :235. r735: 235. "1:>5) '2)5, ·235
T$14 3.594 5.764 13,763 14002 14.492 14,749 15.013 15.554 15.838 18.128
5 Suppn.l$, Ovtdlnds and f"onalll>lnll

Cn!dlfors • 90 daw o:;redil 572 5,822 8.364 8,656 9.256 9.571 9.8.94 10.558 10903 11.260
Closing credittn paid rn """'YRt 1..905 2.737 2 ,833 3.029 3,132 3.238 3,.:55 3588
Purcbas<t ot m-ent«y z.ooo
jll[eJeSt Repayment . 1,581 4.ll93 3,581 3.070 2.558 2,046 1.535 1,023 512
Loan RE!>aYmCnl . 10,000 10,000 10.000 10,000 10.000 10.000 10,000 10.000
TomJS 572 9.383 2•.362 24,!175 25.159 25159 25,073 25.329 25.361 25,340
ll c.~x Pavments
. - -
:;..,...~ 70.SOO 0 1.700 1.700 1.700 1,700 1.700 1.700 1.700
T-16 . 7a800 . 1.700 1.700 1.700 1.700 1,700 1.700 1.700
7 Olhcus-BP.W.U.holdin!l tu1ZAKAT . 455 90 63 172 166 1S.C Z70 262 253
Tollll 1 . 4,55 90 83 172 166 184 270 262 253

arouto- 4to 4.266 !15.402 38,215 40.781 41.524 41,774 41 .970 42.853 43.181 43,421
9 Closing Balance (3-llj 15,734 11 ,031 12,750 11.632 12,732 14.564 16.200 20.233 _ _ 2>_._020 --
29.586
6.3
FINANCIAL ANALYSIS FOR RIG
MOVE BUSINESS
RIG MOVE BUSINESS
-I .._
PROJECT FUNDAMENTALS
1.0 Existing rig move company will be merged with the ~w venture w.e.f. 1st September 2018
CURRENT PROPOSED
INVESTMENT INVESTMENT
~lxed Assets Dep. Rate USD USD
.LAND 0% 4,543,§48 0
2,675,527 4,000,000
!BUILDING
HEAVY EQUIPMENT$
6%
16% 33,104,178 76,580,000
LIGHT VEHICLES 16% 2,990,576 0
GENERATORS 9% 551 ,382 0
FURNITURE & FIXTURES 8% 218,236 1 0
COMPUTERS 8% 33,655 1.000,000
OTHERS 8% 332,836 0
LEASED ASSETS 16% 1 5,483,9281 0
49,933,966.9 81,680,000.0
I l
2.0 jCompany will invest USD81.5 M over one year to triple it's business in next three years
- . I I
3.0 ComRany will add and dispose off the equipments as per fixed asset schedules
- ! I
4.0 Company willl get loan of USD57M In April11!_ and USD 23 M i!l Oct 18 to increase its business
and Improve the current facility. It will be repaid in next 10 years.
I
l
I
I
I I
5.0 The business will Increase by 30% In 2018. 100% in 2019 and 170% in 2020 over 2017 due to additional
investfT!ent. ~
6.0 Corresponding operating cost wUI increase by 50% in 2018 • 110% in 2019 and 125% over 2017 cost due to
Increase In business. I I
7.0 Equipment rental cost will marginally increase as company will buy it's new equipements.
I
8.0 All revenue & cost are considered as per historical figures of the company in 2017
9.0 Existing loans will be repaid as per fund contribution schedule. II

- I
10.0 Shareholders' existing current ale or loan ale will be repaid as per shareholders current account schedule.
I I
11 .0 Liability_ towards leased assets wll be repaid over a period of 5 years.
12.0 Credit to customer 90 days II

13.0 Credit from suppliers 90 days
I
14.0 Interest rate LIBOR + 3% . We considered interest rate @ 5% pa.
I
RIG MOVE BUSINESS
(Fig. in USD '000)
FINANCIAL SUMMARY
2014 2015 2016 2017 2018 2019 2020 20211 2022 2023 2024 2025 2026 2027
1 Debt I Equity Ratio 15% 72% <t6% 38% 365% 454% 383% 297% 204'Yo 171% 120% 63% 29% 12%1
2 EBITD.o\ Margin 33% 24% 33% 35% 31% 35% 35% 35% 36% 34% 36% 35% 36% 35%
3 Financial Performance of last 3 years allached
4 Balance sheet for last 3 years attached
5 CWIP in books CAPEX llst Is altached
6 Transfer from last year earnings
7 Retained Earning 12,790.5

Current AccoUnt of shareholder 13,626.8
Total retainer earnings retained by owner 26,417.3
8 Performance of Trail twelve Months allacned
g 10 years projections attached - - - -

RIG MOVE BUSINESS (Fig. in USO in'OOO)
Finance cost Projection
(Fag. in '000)
AUDITED AUDITED
- AUDITED
-- UN AUDITED
~nSchedule
Partlcula111 2014 2016 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Opening Balance 0 0 7,826 3.99~ 5,699 85,099 84,499 72,984 61,484 50,144 40,000 30,000 20,000 10,000
Con!nbullon during the year 0 7,826. 0 1,707 80,000 0 0 0 0 0 0 0 0 0
lnl.eteSt compounded monthly 0 0 0 0 2,120 4,187 4,162 3,624 3,087 2,558 2,046 1,535 1,023 512
Repayment of interest 0 0 0 0 2,120 4,187 4,162 3,624 3,087 2,558 2,046 1,535 1,023 512
Repayment of Principal 0 0 3,835 0 600 600 11,515 11,500 11,340 10,144 10,000 10,000 10,000 10,000 I
CloslnQ Balance 0 7.828 3991 5 699 85,099 84499 72,984 61,484 50.144 40,000 30,000 20,000 10,000 10)
~·
RIG MOVE BUSINESS
(FJ9. in USO in'OOO)
Movement In Shareholder's current Account I

AUDITED AUDITED AUDITED UNAUOITEl
Particulars 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Opening Balance 16,194 15,532 14,853 13,685 13,627 13,627 13,627 13,627 13,627 13,627 8,627 3,627 (0) (0)
Contribution during the year 0 0 0 0 0 0 0 0 0 0 0 0
Interest@ compounded monthly 0 0 0 0 0 0 0 0 0 0 0 0
Repayment of interest 0 0 0 0 0 0 0 0 0 0 0 0
Repayment of Principal 661 679 1,168 58 0 5,000 5,000 3,627 0 0
:rosing Balance 15,53~ 14,853 13,685 13,627 13,627 13,627 13,627 13,627 13,627 8,627- 3_.627 L______
(0) (0) (0)
RIG MOVE BUSINESS
(Fig in USD '000)
PROlECTED BALANCE SHEET
AUDITED AUDfTED Al'DITI:D UN At:Drn:D
2.1117 2018 2020 2021 2023 I 2024 2025 20Ztl 2021
~·
2.014 2.015 2t1• 201%
ASSETS
CURRENT ASSITS
201 50 37,616 55,106 69,616
Bank Bal"""' It Cuh
Ac:eomltl Receivable *751 5,001 3,820
741
3,537
1,013
9,038
9,453
13,670
15,268
18,308
21,745
19,224
28,948
21,146
26,482
22.203
33,038
24,424 25,645 28,210 29,620
........ Due"'- Rclll1al Plrtics 0
Prcpaymc:lll mel Other c....... Asi<U 2,349 1,126 1,5So4 2,1113 2,193 2,193 2,193 2,193 2,193 2,193 2,193 2,193 2,193 2,193
""-
Uobilb:IReo.'CIIUCS 0
0 1.000 2.000 2.000 2.000 2.000 2.000 2.000 2.000 2.000 2.000
TOTAL CWlRL'"T ASSETS 3.465 027 5,.Q5 M71 13 "44 l7.317 :n11o olS,IQ S4.2U 52,879 61.655 67,4$4 61.509 lti3A:l9
NON CURI!£!'o.T ASSETS

I
Lain :o sbueboldeB
- . Pbor~- ~tl'<£1'1 20095 32.012 28.304 30,036 \00.515 112.713 65.011 49.008 34,759 26.693 13.047 13.,342 10.31~ J2.2B7
TOTAL NOll CUD.El'o"T ASSETS 21.095 JUI12 z~ 30JIM 100.515 81,713 65,011 49,008 34,759 26.693 13.1147 13..342 I 10.314 ll.l87
TOTAL ASSETS I 23.560 :lU-'0 33.7.U U.501 113.759 lltJlJO 101.710 94.171 19.047 19.572 74.701 80.796 97.nJ 115.716
EQUlTY
ctJRRf:NT LIABILmi:S
Accowms ~-.ble 1,173 8.010 5.2.40 3,308 3.097 4,452 7,190 7,549 8,n8 8,545 9,039 9,491 10,042 10,544
..._.O..ro Rc:io!c>! P:Woo
.'=ucd Expcuco mel 01l1<r Cw=c
Labil;.;c. 1.812 1,887 7VO 478 478 478 478 478 478 478 478 478 478 478
PnniaioD ror Zabt 0 81 112 66
jror4L Cl.1tHNTI.I481LmD ,1.915 7.;m 6,.J.U ),Lq_ 3.375 ..no 1.667 5.1127 1.616 9.023\ 9.516 9.968 10.520 11.012
~~LIABILITIES
f~ tmoloan D 711210 3,1181 5.1188 85,099 84,499 72,984 61,484 1 50,144 40,000 30,000 20,000 10,000 (0)
Empl.,_' Tam.... !l=f"' 0 480 528 533 633 733 833 933 1.033 1.133 1..233 1.333 1.433 1.533
'roTAI. NON OlJIR£!<1' l..L\IU.nlf:S 0 1.306 4.519 6.232 85.732 85.232 73.817 62.417 SL171 41.133 31.233 21.333 11.433 1.533
TOTAL LIABILITIES 2,9$5 li,065 10,661 IO,oll3 89,307 90,162 81,484 70,444 59,793 50,155 40,749 3!,301 21,953 12.555
STOCKHOLDl.RS' EQUm'
SlwoC.pic.ol 1 7 7 7 7 7 7 7 7 7 7 7 7 7
Slwd>olen' C..,.,. Aocount 15,532 14,1153 13~ 13.1127 13,627 13,627 13,627 13,627 13.627 8,627 3,627 (0) (OJ (0)
ltdaia<d £anUaj!>
()peOUs babooc 3019 5,036 7,415 8,386 12,791 10.819 6,235 7,663 10,093 15,621 20,783 30,319 49,488 75,864
Profil Durin& lhc year 2..0" 2,379 1,971 3,404 (1.972) (4,584) 1,428 2,431 5,527 5.162 9,536 19,169 26,376 27,291
Clooiaollalm><c 5(136 7.415 .9.389 11.791 10.819 6.235 7,663 10.093 15,621 20.783 30.319 49,488 75.&64 103.155
OTALSTOCIOIOLDF.RS' EQUITY 10$75 !!.275 23.071 !44'" "4AS2 19,868 2 1.z96 23.727 29.::54 29.416 33.952 ~9.4!14 7S.871 103.161
OU'
STOCKBOLDERS' EQUITY 23.560 31.340 33.739 36.507 Jl3.759 ll0,030 102.780 94.171 89.047 1 79.572 74,701 110.796 97.823 115.716
0 0 0
RATIO ANALYSIS
Current Ratio
Debt Equity Ratio l 11:L.816
15o/o 72%
0885
46o/e 6 301
204%
I 5.861
171%
6.7671
63%
8 319
29%
9.384
120!.
og:R . NA 38169 2.135 2.JS9 1.429 1.889_ 3 621 _ _2...596

_ _(fig.. in USD 'OOO_L_
RIG MOVE BUSINESS
-- ---- ----
JO \'EARS PROJECTIO~ AUDITED AlJDITED AUDITED UNAUDITED
- -- - - - -
Particulars 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
ReYeoue
~g Move Revenue 15.909 29,311 25,195 26,531 ,_ 34,491 53.063 75,217 l---gv38
71.635 86,875 95,563 ~±.!... r-1-!0,375 115,894
r-- ~
Ad Hoc Revenue 1,500 e-.-J.I~ __2.746 3,664 ~O]Q_
- ~
1,000 1,500 1,500 3.021 3,172 3.489 4,232
-
Other Income - Others
0tMr !nGOTOe-COntr.Reimb
0
----
0 0 0 0
- - -1-_Q_ - - - - - 0
- - - · -- - - I-
Tol11 Revenu~ 16,90!1 30,811 26.695 28.031 36,653 55,441 74.251 71,963 85.159 9(1,(1..17 99.052 104.005 114.405 UO.J26
Q~nting E;peases
Personnel Cost
Supplit$ & R~~ . _ _
4,320
987
4,810
1,776
6,962
2,081
8,562
1,812
12.843 ~80
2,718 5,707
19.264
12,841
20,227
13,483
22.250
14. 157
~-~ -_ _26,922
14,865 15,608
29.614
16.389
32,576 ~-m
17,208 18,068
.
~i$Move 6,289 ~
~pmem_~LDl
-- 683
4,141
668
15,090
663
7,062
632
~--- ~ 1.991
5,357 ~.697_ r----7~ -
4.480
~~
7,383 r---1-,752 _
5.174
8.527 -
~ '-- 5.704
8,954 9.401
_2,29.Q_
9,872 10.365 10,883
I
Total Qpuatine. Cost 10.132 22.343 16,768 16.363 23.205 32,709 43.967 46.166 50,108 S3,726 57,636 61.864 06.438 71,389
Qpentioe. Surplus 6,717 8,468 9.927 JL669 13,<148 22,732 30.283 31.797 35651 36.321 -H.-116 42.,1-11 47.967 48.737
tov'ERHEADS _----:- - 1121 1,174 1,189 1,747 i--z:l 99 3.326 4,455 4.678 ~ - · 5.403 5,943 - 6.240 6,864 7,208
--
EBITDA 5.656 7.294 8,737 9.922 11.249 19,405 25,828 , 'L7.120 30.506 30.919 35.473 35,901 41.103 41529
~CIATION
-- -
_ __ 3,627 4,617 6,616 6,300 11,100 19,8~
· - - -1-- 2 1 002
20~ - 21 ,750 23.066 _ _.23,646 ~-~ c-J 3.ll27
---
13027
1--·-·-
- - - ---
FINANCE COST 0 237 100 130 2.120
-· 4,187 4,162 3,624
- ___2,087 2.558 1--
r----
2,046 1.535 1.023 512
-- -- -
PROm AFTER DEP & INT. 2,029 2.440 2,022 3,49J (\,9-.:!l 14.53-IJ 1.464 2,'193 .5,669 5.29.5 9.780 19,661 27,053 27.991
--- - 37 r---- i45 ~492

~ -- -
12 61 51 87 1-- 0 0 62 -
142
---'--
132 676 700
NET PROm AfTERTAX 2.017 2.379 1.971 .M!M.. _ (1,972) (4.58!\ 1.428 2.431 -
5.522_ L__ 5,162 9,536 19.169 26,376 27.291
RIG MOVE Bl!SINE~
. ·- (Fig. in USD '000)
-- I
tO YEARS PROJEcrTON
---- AUDITED
AUDIU::O AUDITED 1
UNAUDITED
-- ----- - I
Particulars 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2021
S.-\TIO ANAL \ 'SIS
- - - - -~ --
--- 59"/o
OPERATING COST"/o 60% 73% 63% 58% 63% 59"/o 59"/o 59"/o 58% 60% 58% 59% 58%
t-
f--- - -
OPERATING SURPLUS% 40% 27% 37% 42"/o 37% 41% 41% ~~ 42% 40% 42% - -41% 42% 41%
-- --
EBITDA% 33% 24% 33% 35%
-
31% 35% 35% 35% 36% J4% 1 - 36% 1---35% 36% 35%
-
1-- f - - --
NET PROFIT% 1191% 7.72% 7.38% 12.14% ~38% -8.27% 1.92% 3.12% 6.45% 5.73% 9.63% 18.43% 23.06% 22.72%
- - -
-- - -- - ·-- -
- -- -'--
•. .· ·.:. •. .-·· ~.
.. .·
i I I I I I I I I I I I I
!RIG MOVE BUSINESS I I I I I I I I ~
~ I I I I I
!PROJECTED CASH FLOW I _I (Ftg_ in USD '000) l I I I
AUDITED AIJOilCO AUDITED UNAUDITED I I I
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 I 2024 2025 2026 2027
DEC DEC DEC DEC DEC DEC DEC D£C DEC DEC DEC DEC DEC DEC
8RNO. Pa-rs
I
I Opening &tlanc:e 110 365 201 so 741 1,013 9,453 15.268 21.745 28,948 26.482 33.038 37616 55.106
2 R!H:elpt&
Conlnoc:t Rege~pt:s · 90 ~ cmilt 13,808 24.685 21.311 22301 27.615 41 ,77\) 55.942 58739 84.613 67.8« 74.528 78,360 86.100 90,506
i'b!IGnllon
Closino debtors~on ~ 1039 3,100 6,126 5.384 3 ,!>37 9,038 13.670 18.308 19.224 21 ,146 22,203 24.424 25,645 28.210
Proceeds from loan 0 7,826 1.712 80,000 . . . - - - . -
Sale of CAP EX -
Otal Reuipts 2 l4.847 35,612 27,437 29.399 111.152 50,808 89,613 77.048 83,637 68.990 96.632 102.184 111.841 118.715
3 Total Funds Available (1+2) 14,957 35,976 27.638 29,448 111,893 51.821 79,066 92,316 105,582 117,1!38 123.3H 135,821 149,456 173,8.21
4 Pay Roll Outftow

Payroll & Other Cost - RIQ Craw 4.320 4.810 8,962 8.562 12,843 17,980 19.284 20.227 22.250 24.475 26,922 29.61-' 32,576 35,833
P8Yillll & Oilier Cost - ease orroce
E(O(I or service~~ '480) .~, f10U '100) '100} (>!Ill 'IOOl tOO 100) (100) !1001 11001
To~l4 4,320 4.330 6.914 8.562 12.743 1T.680 19.184 20,127 22.1SO 24,375 26.622 29.514 32,476 35,733
~ Suppli•"'· Ovorlhud5 and Flnarn-.I!IQ

C!"edlloG- 90 da}'s credo! 3,948 11.010 4.96S 5,762 9,.:64 13,604 21 .969 23.067 24.866 26,109 27,818 28,999 30,684 32,219
ClosJng c:redi!OO'l> paid In next year 988 2,985 7,697 6.030 3,308 3,097 4.452 7,190 7.549 8,138 8,545 9.039 9.491 10.042
l'oJn:;l)ase of invent_CltY
lnterestR~ 237 100 130
1,000
2.120
1.000
4,187 4,152
- -
3,624 3,087
-
2.,558 2.046
-
1,535
-
1,023
-
512
l.oanR~t 3,635 800 600 11 ,516 11 ,500 11,340 Ul,14-4 10,000 10.000 10,000 10.000
Total6 4.836 14.232 18,597 11.922 16.~92 22.488 42.097 45.381 48.842 48.949 48,210 4i.573 51.198 52,772
6 capu Payments
- . -
Ca!>ex PBymenls 4.663 18,535 2.907 8.032 81..580 2,000 2,:500 5.000 7.500 15.000 10,000 15.000 10,000 15.000
Toi.IIB 4.663 16.535 2.907 8.032 81.580 2.000 2.500 5,000 7.600 15.000 10.000 15.000 10.000 15,000
7 Otlwrs.aPJWIIhholdln!l taxiZAKAT 12 0 133 86 - 37 62 1A2 132 245 492 S76 700
~wUhdtawals 661 679 1.168 58 - - - - - 5,000 5.000 3-,627 - -

Tolal7 673 679 1.168 191 66 - :}7 62 142 5,1 32 5,245 4,119 6711 700
a Tocal Olltf1aw 4 ~an 14,593 35,775 27.588 7B.707 110,680 42,368 63.798 70,571 78,634 91.459 90,278 98,206 94.350 104.205
9 Closing Balance (3-81 385 201 so 741 1.013 9,453 15,268 21,745 28,948 26,482 33,038 37,616 55,106 59,616
RIG MOVE BUSINESS
FIXED ASSETS REGISTER
COST DEPRECIATION wov

No. of
days for Opening Addition Disposal Closing Opening Addition Disposal Closing Opening
Description of asset Vendor Dep. Rate Dep. Balance During Year During Year Balance Balance DuringY~r During Year Balance wov ClosingWOV
LAND 0% 365 4,~.648 ~.543.648 0 0 0 4.543 648 4,543.648
BUILDING 6.00% 365 2.675,527 4.000.000 6.675.527 368.823 240,532 609.355 2.306,704 6.066.172
HEAVY EQUIPMENTS 16% 365 33,104,178 76,580.000 109.684,178 17.315.500 9.380.935 26.696.436 15,788.67& 82.987.743
LIGHT VEHICLES 16"A. 365 2.990.576 2,990,576 1,050,705 478.492 1.529,197 1,939,871 1.461.379
GENERATORS 9% 365 551,382 551 ,382 197,344 49.624 246,969 354,038 304,413
FURNITURE& RXTURES 8% 365 218.236 218,236 34,261 17,459 51,720 183 975 166 516
COMPUTERS 8% 365 33,655 1,000,000 1,033,655 11.211 29,359 40,570 22444 993,085
OTHERS 8% 365 332,836 332,836 42,808 26,627 69.435 290 028 263,401
LEASED ASSETS 16% 365 5 483 928 5,483,928 8IT,428 8IT.428 1,754,857 4,606 500 3,729,071
49,933,967 81,.580 000 0 131.513 967 19, 898,081 11,100,457 0 30,998,538 30 035 886 1 00.•515,429

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Document -SDV/1 OBDR/61 M

SAB ~ SALEH AYED BALHARITH ~

4. Project Plan I Time Frame

5. Technical Specifications & Data

5.1 Facility and Yard Layout Drawing

a::~ Proposed to increase

Competitive Analysis & Break Up of Rigs in SA 2018

Rig Counts (Offshore) in KSA

Rig Counts of Onshore and Offshore in KSA 2016 vs 2017

Rig Counts in 2017

Rig Counts in 2016

Rig code Rig Name

Empire Investments is an intelligently structured, ideas and innovations, to action based

3 foundlrcthe~ldeaand ............... .lant - lol!lS

12 l.oc3tfon ~ a111aos. work yards. .... , Apt' IS

fMiotilta bat prices ond mob~ ..,.c~y for moblllotlon to kSA.

Project Plan Phase 1

,... ,.. )S( •!(t IPIIIflq Ii

muiiiMTliD I'OR APPROVAL

SAUDI ARAMCO AND CONTRACTOR SUPPLIED

If CONTRACTOR requests SAUDI ARAMCO to provide any item that

3. RENTALS BY SAUDI ARAMCO

CONTRACTOR shall inspect and promptly notify SAUDI ARAMCO of any

CONTRACTOR SUPPLIED EXPLORATION/ DEVELOPMENT RIG

I. RIG AND ANCILLARY EQUIPMENT

1. DRAWWORKS: 21,000 vertical feet minimum rated capacity

Bomco ZJ70DB , · :__-...~=--= --·-l

4- Caterpillar 3512B TAOI 1435 continuous HP rating at 1,200 RPM with

4 - 1500 Kw AC 600 volts and 60HZ generator driven by 3512 8 TAD\

Number and size 2 each· 1600 HP Triplex Pump Rated to 5,000

Output Horsepower 3,200 HP total

Powered by # 1 pump ·-2 ea G.E. 752 800 HP continuous

Charging Pumps 6" x a·· Harrisburg with 100 HP motors

Suction Lines 12'' minimum diameter: minimize piping run

Fluid End 5,000 psi

Pulsation Dampener Yes

Pump Motor Lockouts Yes

Explosion Proof: Yes

Racking Capacity: The rig shall be capable of racking 15,000'

Top drive Installation Yes

Capacity ; 500 tons

Capacity 500 tons

Capacity '' 500 tons

As required for drill pipe sizes: 5"

9. DRILL COLLAR ELEVATORS AND SLIPS

As required for sizes: 2-7/8"

10. KELLY$ AND KELLY SPINNER (MINIMUM)

Size: 2 ea 5-1/4" X 3-1/4" X 46' square

Size: 1 ea 4-1/4" x 2·1/4" x 46' Hex or

Spinner Yes, with reverse

Each size Kelly is lo have 2 ea. saver subs.

11. ROTARY TABLE AND TOP DRIVE SYSTEM

Power 1,000 HP continuous minimum

11.2 Top Drlye System;

Varco Model TDS-11 S or equivalent Top Drive System rated at 800 HP

13. MUD MIXING UNIT

Type pumps: Three (3) centrifugal pumps

Mixing system to be manifolded to allow mixing of more than one

14. MUD TANKS

Active System ·: 2000 bbls

16. TRIP TAN!<

17. FLOWLINE CLEANERS

3- Derrick Linear Motion Flo-Line Cleaners or Bandit King Cobra; handling

Output capacity 1,600GPM