1. Project Management and
Operational support
Profundo Technologies Ltd.
February 2014

2. Summary Introduction Profundo Technologies Ltd.
A registered Chinese company, headquartered at Shekou-Shenzhen, wholly owned by a Hong Kong registered entity.
Company founded by technical, and operations specialists from
Oil & Gas industry with a great depth of international experience:
 China  Brazil  Africa  Russia  GOM
Organization’s objectives:
Complete challenging oil and gas engineering projects
Facilitate technology exchange between China and overseas technology companies
Maintain a focus on HS&E and legal or regulatory compliance
Approved by CNOOC Beijing and Shekou-Shenzhen Expat HR Departments to issue offshore work permits and residence visa for professional engineers and operations specialists.

3. What can we do? Areas of Expertise Profundo Technologies Ltd.
Project Management and Technical Staffing
Drilling Operations and Well Planning
Fracturing operations – design, analysis and on-site supervision
Completions and Artificial Lift design
Flow assurance and Process Modeling (Hysim and Olga)
Asset Integrity Management and Materials Selection
Operational Readiness Documentation and Commissioning Services
Production Chemistry and Materials Selection

4. What can we do? Field Operations and Development Projects
Profundo Technologies Ltd.
What can we do?
Field Operations and Development Projects
Application of Lessons Learned
24 years per consultant average experience based in China
Feasibility, Based on Life of Field
What makes sense based on the actual well and reservoir history
Design and Integration Requirements
From the reservoir, to well, to the production facility to export

5. Profundo Technologies Ltd.
Clients in China

6. Profundo Technologies Ltd.
Partners in China

7. Example Projects in China
Profundo Technologies Ltd.
Example Projects in China
Husky China
Prepared operators documentation for the Liwan deepwater gas project (11 volumes)
Development of deepwater Asset Integrity Management Program
Deepwater subsea pipeline commissioning team (contract awarded)
Newfield China
Completed Flow Assurance Study – subsea pipeline design
Developing and supporting procurement of electric submersible pumping (ESP) system
Drilling and Completions Program appraisal and verification
Well Testing Program Development and Management
Commissioning Management and Staff for LuFeng 7-2 platform
(including arrangement of resident visas and offshore work permits)
Roc Oil
Materials selection and asset integrity management training program
ENI – Saipem
Supported procurement and delivery of pre-commissioning materials for Liwan deepwater pipeline

8. Professional Staffing Services
Profundo Technologies Ltd.
Professional Staffing Services
Locating and qualifying experienced professional engineering and operations specialists
Contracting the personnel directly and payment of compensation, benefits and relevant PRC taxes including social benefit payments
Organizing travel and logistics to travel to the PRC or where needed
Arrange the necessary visa including a work permit to in order for short term or long term residence in the PRC
Organizing CNOOC approved offshore work permits including preparing the LOI
Ensuring the presence of the candidate in the PRC complies with all regulations and legal requirements
Provision of a valid “Fapiao” (Chinese invoice) for services
Payment of all taxes to the Shenzhen region and Guangdong province authorities

9. Staffing Positions Profundo Technologies Ltd.
Multi-discipline engineering staff – mechanical, electrical, civil, structural
Construction and Commissioning Managers – Lead Engineers
Operations Supervisory Personnel
QC/QA Supervisors and Inspectors
MFL and Maintenance Pipeline Pigging Specialists
Asset Integrity Management and Materials Selection Specialists
Technical Documentation Specialists
Materials Managers
HS&E
Third Party Technical Staff i.e. Engineers, ROV operators etc.

10. Case History – Commissioning Manager
Profundo Technologies Ltd.
Case History – Commissioning Manager
i) Sunday October 20th
Candidate accepts position as Commissioning Manager
ii) Monday October 21st
Profundo sends personnel details to CNOOC Beijing
iii) Wednesday October 23rd
Profundo Receives approved work permit from CNOOC
New Commissioning Manager Arrives at Hong Kong (1st time)
iv) Thursday October 24th
Commissioning Manager Provided with Z visa and enters PRC (1st time)
Friday October 25th
Commissioning Manager starts work at client’s office
On November 15th this Manager received his permanent PRC resident visa

11. Work Permit Process Profundo Technologies Ltd.
Profundo was provided a Technical Services Contract by Husky to provide engineers and operations specialists.
This “framework” agreement includes areas such as the subsea pipeline commissioning work.
CNOOC approval from this framework agreement to hire staff will be extended to include ENI-Saipem staff – i.e. “blanket approval for a group is granted”
The staff become Profundo employees in the PRC and subcontracted to Husky or its 3rd party suppliers as required.
ENI-Saipem will not be required to be involved in the immigration process.
The immigration process is expected to be completed in 3 weeks with the candidate starting work in the PRC after 5 days of notification of intent to enter the PRC.
Husky will not be required to be involved in each immigration process once a Contract Project Summary is approved by their representative and CNOOC.

12. Offshore Work Permit Process Summary
Profundo Technologies Ltd.
Offshore Work Permit Process Summary
General service contract or blanket purchase order is awarded to Profundo describing a technical scope of work or project for example: Pipeline Commissioning Services.
Profundo prepares a “Project Summary” referencing the contract and submits it to Saipem for review.
Husky’s legal representative or person with authority to execute contracts signs the Project Summary and organizes the signing by the Husky PIC and CNOOC representative assigned to their project.
Profundo submits “approved” Project Summary to CNOOC Expat HR Department at Beijing.
CNOOC Expat HR Beijing acknowledges receipt and confirms Profundo to fill positions included in the organization chart including ENI-Saipem personnel

13. Example Pipeline Commissioning Project Organization
Profundo Technologies Ltd.
Example Pipeline Commissioning Project Organization
Lead Mechanical Engineers (2)
Lead Structure Engineers (2)
HS&E Engineers (2)
Materials Operations Engineers (2)
Mechanical Engineers (3)
Marine Engineers
(3)
QA/QC Engineers (2)
Logistics Specialists (2)
Materials Transfer Specialists (2)
Commissioning Project Manager (1)
This example structure provides for a total of 21 positions approved by CNOOC to be filled by foreign candidates either selected by Saipem or Profundo. These positions may be filled on an as needed timeframe to support the project.

14. Staffing Resources Global Alliance Partners Profundo Technologies Ltd.
Partnered with two global recruiting firms to increase resource base:
Earthstaff Specialist Energy Recruitment (UK)
AWT International (Australia/Malaysia)

15. Applicant Qualification Process
Profundo Technologies Ltd.
Staff Planning and
Applicant Qualification Process
Identify Staffing Needs
Identify Qualifications
PSD or Alliance Partner
Application Screening
Two Interviews
Presentation to Client
Offer of Employment
Negotiation and Contract

16. Value Proposition Profundo Technologies Ltd.
Offering complete staffing solutions for offshore oil and gas facilities:
Able to efficiently organize CNOOC approved offshore work permits and PRC visas for professional engineers and operations specialists.
Process managed by a Chinese entity based in Shekou able to legally employ expatriate personnel.
Company able to issue valid Fa Piao and meet taxation requirements.
Will develop staffing plans from commissioning phase through to ongoing operations.
A depth of staffing resources to fill challenging positions. Ongoing staffing projects such as staffing a combination drilling – production rig (LuFeng 7-2) operating in the South China Sea.
Flexibility with respect to contracting services structure