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Newpark 2022 Presentation
Newpark 2022 Presentation
02
NEWPARK
Newpark Fluid Systems Overview
Agenda
04 Appendix
NFS consistently ahead of industry benchmark (IADC) for 8 years Total Recordable Incident Rate (TRIR) Journey
0.88
0.88
0.88
HSEQ Facility Audits 0.80
0.61
0.60
Vehicle/Driver Safety
0.50
0.60
0.46
0.45
0.43
0.40
0.38
- Onboard Telematics 0.40
0.23
Quality – API/ISO 0.20
• Non-aqueous
Guiding
Drilling • Water-based Strategic
Fluids • Specialty Systems Principles
• Solids Control and Waste Management Customer
Citizenship
GLOBAL HC - 1101
800
704 (57%)
United States 700
Algerian 600
Italian
Romanian 500
383 (41%)
Tunisian 400
India
Canada
300
Egyptian 200
Kuwaiti 100
Libyan
Australia 0
EH NAM 14 (2%)
LATAM
German
Hungarian
Congolese
Chilean
Albanian Key HR Stats EH NAM GLOBAL
Brazil
Venezuela Average Age 42 43 42
Oman
United Kingdom Average Tenure 9.3 6.7 8.3
New Zealand
Mexico
Egypt # of Fluids 196 95 291
Bangladesh Engineers
Croatia
Nigeria
Egyptian/Canadian # of LMP/SCE 121 16 137
Saudi Operator
Cyprus
Serbia
0 50 100 150 200 250 300 350 400
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*From February 2021
CONFIDENTIAL. Copyright 2020, Newpark Resources, Inc
Geographical Presence
Global Reach, Local Knowledge. Global
• Executive team originating from 7 countries
and averaging 25+ years in industry Experience
• Team members in 23 countries
• 4 key laboratories + 10 regional laboratories
• 60 stock points including 27 fluids facilities
• Headquarters and Newpark Technology Center:
Katy Texas
Western Hemisphere
• Newpark Technology Center, global support
• 37K ft2 laboratory in 106K ft2 facility
• Manufacturing & Distribution Center - Conroe
• Key Warehouse and Plants in all Key US
Basins
• Industry leading Liquid Mud Plant (LMP) in
Port Fourchon GOM
Eastern Hemisphere
• 19 countries on 4 continents
• EH Main office in Rome, Italy
• Key Bases / LMP’s in Algeria, Kuwait,
Romania, Australia, Italy, Saudi Arabia,
Albania
• Selective market entry for targeted
opportunities
Bahrain
• Project Tatweer Ongoing
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RESPONSIVE TO NEEDS
PRODUCT QUALITY
FIELD PERSONNEL
TECH SUPPORT & SERVICE
AVAILABILITY
OVERALL PERFORMANCE
PRICE COMPETITIVENESS
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• Dominated by independents or smaller • Big 3: SLB, HAL, BKR • Big 3: SLB, HAL, BKR
publicly traded service companies • Tetra • Regional players beginning to emerge as
Competitive Landscape • HAL provides bundled services to IOCs • Over-capacity in OFS space driving down local content pressure grows
• SLB & BKR don’t participate pricing
• Versatility of the market and contracts • Superior facility • Europe pivoting dependency from Russia
allows cost increases to be passed on • Strong technical capabilities & track • Small market share w/ room to grow
Opportunities during market swings record • Customers value fluids focused approach
• Maintain capital light and agile • Strong position with Shell • Long-term NOC contracts
• In basin infrastructure lags competition • High fixed costs w/ constrained market • Bundled services
• Relationships can be tied to specific • Bundled Services • Long-term NOC contracts lock in pricing
Challenges personnel • Higher plant capacities required for several years with little to no room
• Numerous region-specific competitors • NFS perceived as “Land Player” for pricing adjustments
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Fluids Applications Overview
Drilling, Reservoir and Stimulation Fluids solutions
Transport cuttings to
surface
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Corrosion
• Consistently identifying industry needs and
developing solutions Depleted Zones
Lost Circulation &
Faulted Formations
• Custom solutions to address drilling challenges
Salt Formations
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ORCA™ and DEEPA™ formulations are based on organic acid precursors that
generate organic acid at a predictable rate in-situ
Capability
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Capability
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UN SD Goal Our Areas of Focus & KPI’s Our Focus Our Goal for 2026
Water and Energy usage at Gallons/KW per 1 M Monitor Water and Energy usage at each Continuously improve efficiency our
our Facilities revenue Facility to establish a baseline Water and Energy consumption
Development of NT with ESG Demonstrable ESG Incorporate ESG criteria in all products & All R&D projects under development
in mind benefits in all NT systems developed to include ESG parameters
Help Operators to save fresh BBl/m3 water reused Monitor production water reusage with Stim Increase the portfolio development
Water on fracking products of resources saving solutions
Recycling of Drilling & Bbl of fluids recycled Streamline recycling on all NFS
Build a baseline for fluids reused at LMPs
Completion fluids at our LMP’s facilities
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Supported over
343 geothermal wells
Iceland
Hungary
Australia & New Zealand
NFS Geothermal Italy
Fluids Experience El Salvador
Chile
NFS Fluids product line for Fluids density achieved 12.5-13.4 Mud stability after significant NFS water-base fluids systems
geothermal application with high ppg (1.50-1.60 kg/lt) using influx of H2, He, CO2 and H2S. lead the industry, these systems
thermal stability for optimized micronized ilmenite with no provide the lowest
rheological properties and fluid sagging issues with BHST up environmental impact
loss control to 600 °C
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Supported over
315+ geothermal wells
Iceland
Hungary
Australia & New Zealand
Italy
Salvador
Chile
Azores
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Broad portfolio that we continue to expand organically & inorganically as we evolve from drilling fluids
company to a Fluids Solution Provider
Fluids occupies unique space within larger O&G market with regionally specific competitive landscape
Navigating the worst downturn in industry history while still executing on defined strategy (with some course
adjustments due to COVID) & positioning for future success
Near term focus: Q1 & Q2 results meet & surpass pre Covid Revenue level, challenges from managing new
headwinds & supply chain crunch
Longer term outlook & plans: evolving market & competitive landscape provide opportunities for growth that
build upon our core competencies
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