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Page 1 of 3 Stephen Welch, Senior Drilling Fluids Consultant. PROFILE: POSITION: Sr. Deepwater Drilling Fluids Consultant TELEPHONE: USA 1(786) 387-6270 EXPERIENCE: 21+ years Ultra Deepwater and Synthetics EMAIL: [email protected] DATE OF BIRTH: 23 November 1969 ADDRESS: 2910 58 th St South NATIONALITY: American (Florida –USA) Gulfport, Florida, 33579, USA PERSONAL SUMMARY: Stephen has worked in the oil and gas industry since 1994 and has successfully completed numerous high profile ultra-deepwater projects around the world primary with Halliburton/Baroid and MI-SWACO. He has expert knowledge of drilling in Deepwater and Ultra Deepwater wells globally. Stephen has extensive experience in HTHP wells, ERD wells, Riser-less Drilling, and is well trained in the use of all water based mud (WBM), synthetic based (SBM) / oil based (OBM) mud systems, and completion fluids. Having held the position of Halliburton Project Coordinator for Statoil’s biggest project in Venezuela – Plataforma Deltana Offshore Deepwater Project, and has trained and mentored over 100 new fluid engineers at the beginning of their careers. He has always been the “GO TO” Mud Engineer on every project and has a few drilling records under his belt and has received many Accommodation Letters and MVP Awards for the outstanding job performed and participation in Safety. EDUCATION AND EXPERIENCE: • Attended Texas A & M (Houston Annex). • Served in the USMC in both operation Desert Storm/Shield. • Attended St. Petersburg College. • Completed projects in Trinidad, Kuwait, Oman, Venezuela, • Completed education in Carolina Community College. Norway & UK (North Sea), Australia & the Bass Strait. • Exploration, Appraisal, Development and work over projects. • Completed many HTHT, ERD and Horizontal wells. Major projects include: • Shell - MARS Project (GOM) • BP - Amberjack Project (GOM) • BP - Crazy Horse Project (GOM) • Chevron/Shell/ESSO - Gorgon Project (Western Australia) • Statoil - Plataforma Deltana Project (Venezuela) • Statoil – Peregrino Project (Brazil) • Anadarko – Kronos / Calasu (Colombia) QUALIFICATIONS AND CERTIFICATES: • Drilling Fluids Technology School • IADC Well Control – Update in Sept 2015 • Advanced Integrated Fluids Training I • Tech Report Writing • Advanced Integrated Fluids Training II • Specialty Products • Advanced Integrated Fluids Training III • Deepwater Technology • Phase III • TFM - Total Fluids Management • Quality Service Skills • Technology Update • Wellsight Express / ONETrax • Technical Professional Seminar • Specialty Products • CPR – Red Cross • Completion/Work Over Fluids • HUET – North Sea / UK / Australia • DFG (Drilling Fluids Graphics) • Shell Safety - Dropped Objects • BSS (Baroid Surface Solutions) • Defensive Driving SKILLSETS AND ACHIEVEMENTS: • Expert in the following synthetics: INNOVERT, ACCOLADE, • Worked with all types of completion fluids including: ENCORE, INTEGRADE, and RHELIANT. NaBr, ZnBr, NaCl2, CaCl2 and worked with Cesium Formate. • Ability to work with water based muds ~ KCl /EZ mud/ • INVERMUL Oil based mud & BAROID 100 systems. (OBM) CLAYSEAL, KCl / PHPA / Glycol systems, KCl Sodium Silicate • Amberjack - Longest GOM extended reach mud, NaCl Salt Polymer mud, Gel polymer, Lignite / • Peregrino - Longest Brazil 17 ½ inch hole section Lignosulfonate Gel system. Dril-N Systems. Lime muds. Low • Project Coordinator - Statoil Venezuela PH systems and Salt Saturated muds. • Mud Plant Supervisor - Venezuela • Tech Rep – Statoil Venezuela. • SBM Instructor – Venezuela

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Page 1: CV Updated - March 25th - 2016

Page 1 of 3 Stephen Welch, Senior Drilling Fluids Consultant.

PROFILE:

POSITION: Sr. Deepwater Drilling Fluids Consultant TELEPHONE: USA 1(786) 387-6270

EXPERIENCE: 21+ years Ultra Deepwater and Synthetics EMAIL: [email protected] DATE OF BIRTH: 23 November 1969 ADDRESS: 2910 58

th St South

NATIONALITY: American (Florida –USA) Gulfport, Florida, 33579, USA

1PERSONAL SUMMARY:

Stephen has worked in the oil and gas industry since 1994 and has successfully completed numerous high profile ultra-deepwater projects around the world primary with Halliburton/Baroid and MI-SWACO. He has expert knowledge of drilling in Deepwater and Ultra Deepwater wells globally. Stephen has extensive experience in HTHP wells, ERD wells, Riser-less Drilling, and is well trained in the use of all water based mud (WBM), synthetic based (SBM) / oil based (OBM) mud systems, and completion fluids. Having held the position of Halliburton Project Coordinator for Statoil’s biggest project in Venezuela – Plataforma Deltana Offshore Deepwater Project, and has trained and mentored over 100 new fluid engineers at the beginning of their careers. He has always been the “GO TO” Mud Engineer on every project and has a few drilling records under his belt and has received many Accommodation Letters and MVP Awards for the outstanding job performed and participation in Safety.

EDUCATION AND EXPERIENCE:

• Attended Texas A & M (Houston Annex). • Served in the USMC in both operation Desert Storm/Shield. • Attended St. Petersburg College. • Completed projects in Trinidad, Kuwait, Oman, Venezuela, • Completed education in Carolina Community College. Norway & UK (North Sea), Australia & the Bass Strait. • Exploration, Appraisal, Development and work over projects. • Completed many HTHT, ERD and Horizontal wells. Major projects include: • Shell - MARS Project (GOM) • BP - Amberjack Project (GOM) • BP - Crazy Horse Project (GOM) • Chevron/Shell/ESSO - Gorgon Project (Western Australia) • Statoil - Plataforma Deltana Project (Venezuela) • Statoil – Peregrino Project (Brazil) • Anadarko – Kronos / Calasu (Colombia)

QUALIFICATIONS AND CERTIFICATES:

• Drilling Fluids Technology School • IADC Well Control – Update in Sept 2015 • Advanced Integrated Fluids Training I • Tech Report Writing • Advanced Integrated Fluids Training II • Specialty Products • Advanced Integrated Fluids Training III • Deepwater Technology • Phase III • TFM - Total Fluids Management • Quality Service Skills • Technology Update • Wellsight Express / ONETrax • Technical Professional Seminar • Specialty Products • CPR – Red Cross • Completion/Work Over Fluids • HUET – North Sea / UK / Australia • DFG (Drilling Fluids Graphics) • Shell Safety - Dropped Objects • BSS (Baroid Surface Solutions) • Defensive Driving

SKILLSETS AND ACHIEVEMENTS:

• Expert in the following synthetics: INNOVERT, ACCOLADE, • Worked with all types of completion fluids including: ENCORE, INTEGRADE, and RHELIANT. NaBr, ZnBr, NaCl2, CaCl2 and worked with Cesium Formate.

• Ability to work with water based muds ~ KCl /EZ mud/ • INVERMUL Oil based mud & BAROID 100 systems. (OBM) CLAYSEAL, KCl / PHPA / Glycol systems, KCl Sodium Silicate • Amberjack - Longest GOM extended reach

mud, NaCl Salt Polymer mud, Gel polymer, Lignite / • Peregrino - Longest Brazil 17 ½ inch hole section Lignosulfonate Gel system. Dril-N Systems. Lime muds. Low • Project Coordinator - Statoil Venezuela

PH systems and Salt Saturated muds. • Mud Plant Supervisor - Venezuela • Tech Rep – Statoil Venezuela. • SBM Instructor – Venezuela

Page 2: CV Updated - March 25th - 2016

Page 2 of 3 Stephen Welch, Senior Drilling Fluids Consultant.

EMPLOYMENT HISTORY:

• Halliburton, Colombia Sr. Drilling Fluids Engineer Consultant 2015 – Jan 2016 Was requested by Anadarko and Halliburton to head up this project as Lead Fluids Engineer in Deepwater off the coast of Colombia. Considered to be of the most high profile jobs & one of the most important projects in the world at this time. Colombia has never drilled in deep water and is looking for its mineral rights for future campaigns for oil and gas. This campaign is the 1st series of deep water wells ever to be drilled in Colombia waters, in which I'm working for UDSS for the contract - Anadarko and Halliburton. Using the new drillship - Bolette Dolphin with high end synthetic fluids to accomplish the task. • Halliburton, Indonesia Sr. Drilling Fluids Engineer Consultant 2014 – 2015 Was recruited to be the Lead Drilling Fluids Engineer for Pertamina in Indonesia. Worked many months straight to impliment the plan and carrying out drilling offshore Surabaya. Worked for 1 year in the region under great terms. Drilled & completed 4 wells (Casing While Drilling). I was requested back from every one of the Pertamina Company Men for the great job and service. • MI- SWACO, French Guiana Sr. Drilling Fluids Engineer Consultant 2013 – 2014 Senior Drilling Fluids Consultant for M-I Swaco (Working on Shell Deepwater Project in French Guiana) He worked on the Stena ICEMAX Drillship, using the Rheliant (SBM) systems. Worked out of the Trinidad and French Guiana offices, under WelchGroup Consulting. Formulating drilling fluids to specific operator specifications at rigsite, Maintaining drilling fluids during drilling operations, Coordinating logistics for fluid and chemical inventory from rigsite, Monitor and service solids control equipment at rigsite, Coordinate logistics for shaker screens and other solids control equipment, Testing and reporting of fluid properties to operator, and Advise operator on streamlining costs and enhancing performance of drilling fluids • Halliburton, Brazil Sr. Drilling Fluids Engineer 2011 – 2013

Was Senior Drilling Fluids Engineer for Baroid Brazil drilling primarily for Statoil (Exploratory & Development). Drilled and completed

8 wells while working with Statoil Brazil and was involved with braking the Brazilian length record, in the 17 ½ inch section. During

the Peregrino Project, he was recognized by the Statoil representatives as their "Go To" Fluids Engineer on the project with letters

of accommodations and outstanding reviews. Trained many young engineers right out of mud school in both WBM and SBM usage

and formulates drilling fluids to operator specifications. Maintained drilling fluids during drilling operations and coordinates logistics

for fluid and chemical inventory also coordinating logistics for fluids personnel. Monitored and serviced solids control equipment,

coordinates logistics for shaker screens and other solids control equipment also testing and reporting of fluid properties to the

operator. Advised operators on streamlining costs and enhancing performance of drilling fluids. • Halliburton Australasia Sr. Drilling Fluids Engineer U 2008 – 2011 Working for Baroid Australasia on the Gorgon Project in W.A. for Chevron. Drilled 9 successful wells with no issues and discovering the largest gas find in Australian history. Worked out of the Perth and Melbourne offices, under the ISTA program, drilling offshore primarily for Chevron, but also worked for ESSO in the Bass Straits, using both WBM, SBM, and Completion Fluids. • Halliburton North Sea (UK & Norway) Sr. Drilling Fluids Engineer U2006 – 2008 Stephen worked for the following companies in the North Sea: (Statoil, ConocoPhillips, and Chevron) He accomplished 7 successful wells safely, efficiently, and with no issues, both offshore Norway and 1 well offshore U.K. Used both WBM and OBM mud systems. Working out of both the Stavanger and Aberdeen offices and under the ISTA program the entire time. He worked in this region until his ISTA expired. • Halliburton Venezuela Project Coordinator 2004 – 2006 Worked on the Plataforma Deltana Project for Statoil. This project was considered Venezuela’s largest offshore project ever at the time. Stephen created mud programs and technical papers. He also coordinated the movements of mud engineers and was in charge of all invoicing and forecasting. In addition to this he also managed the PDVSA mud plant (Over looked SBM mixes, shipments, and personnel). Stephen also held the position of Professional Technical Representative for the Plataforma Deltana Project and Technical Advisor on the ACCOLADE mud system they were using in country. • Halliburton New Orleans Sr. Drilling Fluids Engineer 2001 – 2004 Stephen was involved in high profile projects during this time, working in the GOM, for multiple companies that requested his presence, primarily in deepwater and ultra Deepwater. He helped in writing mud programs and continued his education, with offshore technical seminars and courses. While performing these duties as Sr. Fluid Engineer, he trained numerous new hires out of school, and even experienced engineers that were not as efficient in deepwater and got them up to speed with the latest technologies in synthetic based mud systems and deepwater procedures. As part of a team of engineers he assisted in creating the TFM Engineers (Total Fluid Management) for Halliburton/Baroid, which is now called BSS (Baroid Surface Solutions). Along with 3 other field engineers were the first TFM to be created in Baroid history. The Amberjack Project – BHP Billiton was the 1st project to utilize TFM’s and was onboard with the project for 1 year. During this time period, was asked to go ISTA to Kuwait during war time. Being unselfish and took a role as a Senior Field Engineer during this time of the war. Worked alongside of the Kuwait and Iraqi border, working for the Kuwait Oil Company. Also asked to help out in Muscat and Oman during this time period. He to assisted the Operations Leader with general duties in the office and assistance with completing drilling well recaps.

Page 3: CV Updated - March 25th - 2016

Page 3 of 3 Stephen Welch, Senior Drilling Fluids Consultant.

• MI Drilling Fluids New Orleans Sr. Drilling Fluids Engineer 2000 – 2001 Recruited as a Senior Drilling Fluids Engineer by MI Drilling Fluids out of the New Orleans office, to head up a Deepwater project for BP Amoco. Worked exclusively in Deepwater, in the Gulf of Mexico, for BP Amoco. When the project was completed, returned to Baroid Drilling Fluids.

• U Halliburton New Orleans Sr. Drilling Fluids Engineer 1995 – 2000 Worked as a Drilling Fluids Engineer for Baroid out of the New Orleans office and worked his way up to Senior Fluids Engineer. Mostly in Deepwater, in the Gulf of Mexico for multiple companies, but worked many offshore shelf jobs as well, using a wide range of mud systems. NOTE: During this time, he was asked to go ISTA to Trinidad and work for ENRON offshore.

OPERATOR EXPERIENCE Shell, BP Amoco, BHP, ExxonMobil, ConocoPhillips, Anadarko, Elf Exploration, Enron, EEX, New Field, CNG, Chevron, Statoil, LL&G, Apache Corporation, Citgo, Denbury, Devon, Forest, Hess, Kuwait Oil Company, Marathon Oil Corp, Nexen, Occidental Petroleum, Oman Oil Company, Texaco, PDVSA, Australian Drilling Associates, Murphy Oil, and Total

Floater Names Worked On and Water Depths

Rig Name

Rig Type

Water Depths Noted

Ocean America

SemiSubmersible

4250'

Ocean Voyager

SemiSubmersible

3952'

Ocean Saratoga

SemiSubmersible

3810'

Ocean Lexington

SemiSubmersible

3375'

Ocean Confidence

SemiSubmersible

3246’

Ocean Vanguard

SemiSubmersible

3500'

Celtic Sea

SemiSubmersible

3535'

George Richardson

SemiSubmersible

4984'

Deepwater Millennium

Drill Ship

8895'

Discoverery Seven Seas

Drill Ship

7200'

Discoverer 534

Drill Ship

6930'

Loris Bouzigard

SemiSubmersible

3317'

Cajun Express

SemiSubmersible

3986'

Noble Amos Runner

SemiSubmersible

4203'

C.R. Luigs

Drill Ship

9305'

Santa Fe - 140

SemiSubmersible

5370'

Shell Mars (TLP)

Platform

2940'

Scarabeo – 5 (North Sea)

SemiSubmersible

4735'

Heidrun (TLP) (North Sea)

Platform

1132'

Atwood Eagle (Western Australia) SemiSubmersible

4101'

ENSCO 7500 (Western Australia) SemiSubmersible

3841'

Stena IceMax (French Guiana) Drill Ship 7660’

West Polaris (Northern Brazil) Drill Ship 7700’

Bolette Dolphin (Colombia) Drill Ship 7300’

– Many Others

REFERENCES:

Jason Rush Project Coordinator Colombia [email protected] Andre Rand Global Account Representative [email protected] Duncan Clinch Operations Leader [email protected] Randall Darwent Senior Fluids Consultant [email protected] Robert Bertrand Senior Global Advisor for Drilling Fluids [email protected] David White Service Coordinator [email protected]

Fred Caro Country Manager Iraq [email protected]