Presentation 2010

1 The Company

2 Services

3 Capabilities

4 Experience

5 Resources

6 Experience with International Companies

Content

Jantesa is a multinational company ranked as a leading engineering company in Venezuela, provider of high added value in its core business of Engineering, Procurement and Construction for the Energy, Industrial and Infrastructure sectors.

•  Installed Capacity around 1.6 Million Man - Hours / year

•  2010 confirms the recertification of ISO 9001 Quality System in the production line IPGC obtaining addition to the 9001:2008 certification with the extension to the construction.

•  Jantesa has developed a Health, Safety, Environment and Protection Management System.

•  Expansion in the International Market: currently focused on South America and Panama.

Who we are

The Company

The Company

•  Founded in 1973 as an Engineering Design firm in oil production field

•  Between 1982 and 1987 BECHTEL Petroleum was JANTESA’s shareholder

•  Since 1988 grows from an Engineering Company to Engineering Procurement and Construction Management and later to Lump-Sum Turn-Key (LSTK) General Contractor in oil and gas

•  In 1996 obtains the ISO 9001:1995 certification which has been maintained

•  At the beginning of the 90’s enters into the international markets in the Caribbean (Aruba, Bonaire, Colombia, Curacao) and later USA

•  In 2005 opens an office in Mexico and in Argentina to attend the south market. Continued expansion in the International Market focusing open office in Spain and Middle East.

•  In 2007 it is reported the completion of great impact IPC projects in the Business of Oil and Gas and Power Generation.

•  In 2008 starts its annual turnover by hiring a major Refining projects in South America.

•  In 2009 opens offices in Colombia initiating relationships with major organizations.

•  Achievement that allows to Jantesa for greater openness in the national and international markets.

History The Company

•  JANTESA maintains a commitment of total responsibility with environment

protection, safety and health of its employees as well as with the neighboring communities where operates

•  The Organization has developed a Managerial System of Health, Safety, Environment and Protection which strengths the continuous improvement of all aspects related to accident prevention and pollution; communication effectiveness and training

•  The HSEP system is based on strict national and international standards (COVENIN, OSHA, EPA)

Policies

Health, Safety, Environment and Protection The Company

JANTESA SAFETY RECORD ANALYSIS 1994-2008

RIR Recordable Incidence Rate

/ Casos Estadisticos

LWCIR Lost workdays Case Incidence

Rate / Casos con Reposo

Severity / Dias Pédidos

Gravedad

IFB Indice de Frecuncia

Bruta

IFN Indice de Frecuencia

Neta

SEVERIDAD / Gravedad

2003 7.213.789 0,33 0,19 8,65 20,10 0,97 43,252004 4.043.780 0,05 0,05 3,66 10,88 0,25 18,302005 7.420.635 1,37 0,11 3,96 14,42 0,54 19,812006 4.512.784 0,84 0,09 3,77 8,20 0,44 18,842007 7.008.134 1,57 0,00 0,00 9,99 0,00 0,002008 4.550.692 0,57 0,09 1,14 11,21 0,44 5,71Total 34.749.813 0,87 0,09 3,71 13,06 0,46 18,53

OSHA - CII COVENIN 474

Year

Hours Worked / Horas Hombres

(Direct & Indirect)

•  Project Management

•  Engineering

•  Procurement

•  Construction

•  Operation and Maintenance (O&M)

Services

• Master Planning • Execution Plan • Scheduling & Project Control • Cost Budgeting & Control

Services Integrated Services

Feasibility Studies, Technology evaluation and selection, Conceptual, Basic, Detail Engineering, Projects Management, Construction management, Turn Key, Lump Sum EPC Projects

Project Management

Engineering

•  Engineering Specialities:

- Process - Civil/ Structural/ Architectural - Mechanical/ Equipment - Piping - Electrical - Instrumentation and control system - Environmental -  Telecommunications -  Constructability

Procurement

National and International Procurement: •  Suppliers evaluation •  Purchasing •  Expediting •  Inspection •  Assembly and shop testing •  Material control •  Transportation and logistics •  Custom services

•  Constructability •  Construction Management (Sub-contracting) •  Erection / Installation / Fabrication /Construction /supervision •  Contract administration •  Labor relation and community affair management •  Planning and resources monitoring •  Warehouse and material handling •  Inspection and testing •  Commissioning and startup

Construction

PDS, PDMS and VPRM Material Management System

Areas of Expertise

Oil Production

Oil Refining

Gas

Petrochemical

Power Generation

Industrial Plants

Public and Private Infrastructures

Capabilities

Oil - Production

•  Clusters & well-pads •  Flow lines •  Flow stations •  Surface production facilities •  Water, steam and gas injection •  Desalting & dehydration •  Oil and Water Treatment and pumping •  Oil and gas pipelines •  Tank farms and Storage tanks

On-Shore Facilities

Capabilities

•  Conceptual studies •  Substructures and topsides •  Optimization and development studies (field development ) •  Process equipment selection and technology

•  Wellhead platforms •  Modularization & skids •  Existing platforms evaluation •  Sub sea pipelines •  Flow lines & pipelines

Capabilities Oil - Production

Off-Shore Facilities (Shallow Water)

•  Atmospheric distillation

•  Vacuum distillation

•  Alkylation (HF)

•  Catalytic cracking

•  Liquids fractionating

•  Hydro-treatment and hydrodesulphurization

•  Amine treatment

•  Sour water stripping

•  Sulfur recovery plants

•  Paraffin & wax production

•  Coke handling

Capabilities Oil - Refining

Production •  Gas recovery, gathering system (production fields) •  Facilities modification and operation improvements Compression •  Gas Compression plants

Treatment •  Sweetening •  Dehydration •  Sulfur recovery Distribution and marketing •  Gas pipelines •  Natural gas stations for vehicles •  Loading

Capabilities Gas

•  Power generation plants •  Substations •  Transmission lines •  Distribution •  System reliability studies •  Studies and network simulations

Capabilities Power Systems

•  PVC plant

•  Storage and handling of bulk materials (urea and NPK)

•  White oil production

•  Low aromatic solvents production

•  Poly-condensation

•  Polyethylene storage and handling

Capabilities Petrochemical

•  Wood processing •  Textile •  Cement •  Minerals transportation facilities •  Steel Pipe production plants •  Iron Plants

•  Sports facilities •  Roads and highways •  Airports and seaports •  Maritime structures •  Infrastructure and drainage •  Water and effluents treatment plants •  Telecommunication systems •  Office and commercial buildings, shopping centers •  Hotels infrastructure •  Theme parks •  Housing development

Industrial Plants

Infrastructure

Capabilities Industrial Plants - Infrastructure

Experience JANTESA has demonstrated technical and financial capacity in the execution of EPC projects for the Oil and Gas, Power System, Industrial and Infrastructure sectors.

•  Over 950 Executed Projects •  90 Million of Man Hours

Areas

Oil Production Oil Refining Gas Processing Petrochemical Power System Industrial plant Public and commercial infrastructure

Selected Small And Large Epc Projects

US$ 250 MM

CERR

O NE

GRO

US$ 550 MM TERM

OZUL

IA

US$ 440 MM VALC

OR

US$ 400 MM ICO

US$ 320 MM

US$ 22 MM

POLY

ETHY

LEN

E S

& H

US$ 170 MM

WES

T UR

DANE

TA

SULP

HUR

RCVY

US$ 150 MM

TIA

JUAN

A

US$ 30 MM

WAT

ER T

REAT

MENT

Experience

Oil Production Experience

Orimulsion® Storage Tanks Jose Complex, Anzoategui state Client ORIFUELS SINOVEN, S.A. (SINOVENSA) Scope EPC Investment US$ 50 MM Period 2004/2006

Engineering, Procurement and Construction of Four oil storage tanks. Nominal capacity of 500.000 Barrels each

Orimulsion® Surface Facilities Development Morichal, Monagas state Client ORIFUELS SINOVEN, S.A. (SINOVENSA) Scope EPC Investment US$ 75 MM Period 2003/2006

Engineering, Procurement and Construction of the production facilities for the processing of 140,000 BPD of Orimulsion

New System of Dehydration - Desalting Trains, Morichal, Monagas state Client ORIFUELS SINOVEN, S.A. (SINOVENSA) Scope EPC Investment US$ 50 MM Period 2005/2006

Engineering, Procurement and Construction of Desalting and Dehydration units with process capacity of 140,000 BPD as part of Orimulsion project

Oil Production Experience

Pedernales Phase II. Delta del Orinoco Client BP EXPLORACION DE VENEZUELA Scope EPC Investment US$ 250 MM Period 1996/1998 Alliance JANTESA -CBS Engineering - Gulf Island Fabricators - Bay Offshore - J. Ray McDermott - Flag Installations - JMJ & Asst

Engineering Procurement and Construction of offshore, shallow water production facilities to produce 50,000 BPD of oil of oil and associated gas

West Urdaneta Field Reactivation Maracaibo Lake, Zulia state Client SHELL VENEZUELA, S.A. Scope EPC Investment US$ 250 MM Period 1994/1996 Subcontractor Alliance BECHTEL

Engineering, Procurement and Construction of offshore and onshore production facilities to produce 50,000 BPD

Oil Refining Experience

Maintenance Outsourcing Contract for SINCOR Upgrader Plant, Jose, Anzoategui state Client SINCRUDOS DE ORIENTE (SINCOR) C.A. Scope O & M Investment US$ 60 MM Period 2004/2008

Maintenance Outsourcing for SINCOR extra heavy oil upgrader plant, production capacity of 180.000 BPD of synthetic oil

Detail Engineering for diesel hydrotratement plant, Amine and sour water treatment plants Argentina, Buenos Aires Client AESA Scope Detail Engineering Period 2009/2010

Detail Engineering for a new Diesel Hydrotreater plant OF 18 MBPD, a new amine plant for gas treatment and a new sour water treatment plant as part of ANCAP Diesel and Gasoline Low sulphur Project of Refinery La Teja at Montevideo, Uruguay.

SIOM Scope A- Detail Engineering and Procurement, Jose Complex, Anzoategui state Client SINCRUDOS DE ORIENTE (SINCOR) Scope BE, DE, PS Period 2006/2008

Conceptual , Basic and Detai l Engineering and Procurement Support to modify different process units and derivative areas to improve Safety, Reliability and Operations of the plant.

Oil Refining Experience

VALCOR Project Puerto La Cruz Refinery, Anzoategui state Client PDVSA PETROLEO Y GAS Scope EPC Investment US$ 400 MM Period 2001/2004

Engineering, Procurement and Construction to produce 35,000 BPD of high octane gasoline and 38,000 BPD of hydrotreated diesel

Units: - Naphtha Splitter 25100 BPSD - Heavy Naphtha Hydro treating Unit 35000 BPSD - Continuous Catalytic Reformer (CCR) 35000 BPSD - Treating and Fractioning. of LPG 6400 BPSD - Diesel Hydro treating Unit 38000 BPSD - Sour Water Striping 260 GPM - Amine gas treating unit 604 MSCFH - Amine Regeneration 813 GPM - Sulphur Recovery/Tail gas (2 trains, each train:50 Ton/D) - Utilities and Offsite

Oil Refining Experience

Isla Refinery Upgrading Project (IRUP) Curacao Client REFINERIA ISLA (IRUP) Scope EPC Investment US$ 200 MM Period 1999/2003

Professional services for development of Engineering, Procurement and Construction for the revamp and expansion of Isla Refinery to increase process capacity.

Units: – Hydrogen Manufacturing Unit, Capacity 50 T/SD – Sulfur Recovery Unit 3 (Revamp) – Sour Water Stripper Unit – Sulfur Recovery Unit 4, capacity 77 MT/SD sulfur – Sulfur Recovery Unit 5, capacity 77 MT/SD sulfur – Slops Processing Unit, capacity 500 MT/SD – Hydrogen Compression Station – Vacuum Gas Oil (VGO) Mild Hydrocracker Unit cap. from 2.000T/SD to 4.000 MT/SD. – PP Treater Unit, capacity 450 MT/SD of PP – New Asphalt Burning System, 6.400 MT/SD – Sour Water Header – WWTP Water Header – Waste Water Treatment Unit 4200 – HL / ALKY Flare System – SRU 4 & 5 Flare System – Interconnecting Piping – HL PSA, to increase capacity from 21 MT/SD to 52 MT/SD – Utilities and Offsites

Oil Refining Experience

Cerro Negro Upgrader Project, Jose Complex Anzoategui state Client OPERADORA CERRO NEGRO, S.A. Scope EPC Investment US$ 550 MM Period 1998/2001 Engineering, Procurement and Construction for grassroots plant

to upgrade extra heavy oil from 8,3 to 16,1°API to produce 108,000 BPD of synthetic crude.

Units: Diluents Recovery (DRU) 26.448 Ton / day of diluted crude. Desalting (DSU) - 26.448 Ton / day of diluted crude. Delayed Coker (DCU) 8.714 Ton/ day (52,8 MBD) of atmospheric residuum. Coker Gas (CGP) - 26.6 Ton/d of sweetened fuel gas and 6,5 MBD of stabilized

naphtha. Naphtha Hydrotreater (NHT) 6,5 MBD of cracked naphtha. Pressure Swing Adsorb (PSA) 4.723 m3/h of 99.9% pure hydrogen. Amine Regeneration (ARU) 162 m3/h of rich amine. Sour Water Stripping (SWS) 68 m3/h of sour water. Sulfur Recovery (SRU) 2 trains-115 tons per day of liquid sulfur each. Sulfur Solidification (SSU) 4,78 tons per hour of granulated sulfur. Utilities and Off sites

Oil Refining Experience

Sulphur Recovery Plant. Jose Jose Complex, Anzoategui state Client SINCRUDOS DE ORIENTE (SINCOR) C.A. Scope EPC Investment US$ 170 MM Period 1998/2001

Engineering, Procurement and Construction of an entire Sulphur Block with capacity 900 MTPD to provide sulphur recovered from the upgrading process of extra heavy oil.

Units: Description: Acid Gas Processing from the Amine Unit (ARU), Sour Gases from SWS Unit and from Tail Gas Unit Technology: TPA Inc. Process: Claus Degasification System: ALQUISULFTM Capacity: 805 MTPD Max. Capacity: 1027 MTPD

Oil Refining Experience

Cardon Refinery Expansion Project-Package "B“ Punta Cardon, Falcon state Client MARAVEN, S.A. Scope EPC Investment US$ 400 MM Period 1992/1996

Engineering, Procurement and Construction to revamp the Cardon Refinery Package B including HDS and HDT new units and a Sulphur Block

Units: - Hydrotreater 48.300 BPSD - Sour Water Stripper Unit 1.500 TPD - Amine Treating Unit 470 TP - Two (2) Sulfur Recovery Trains, 220 TPD each. - A 62.600 BPSD HDS unit - 80 MMSCFD Hydrogen Plant (differed)

Petrochemical Experience

Polyethylene Storage and Handling from the Swing Plant and its integration to Petroquimica Morelos. Mexico Client PETROQUIMICA MORELOS, S.A. DE C.V. Scope EPC Investment US$ 22 MM Period 2005/2007 Engineering, Procurement and Construction for the

development of facilities for storage and handling of polyethylene

PVC Plant ll, El Tablazo, Zulia state Client PEQUIVEN, S.A. Scope EPC Investment US$ 120 MM Period 1996/1998

Engineering, Procurement and Construction of a grassroots plant to provide 15,000 MTA of White Oil and 25,000 MTA of Low Aromatics Solvents

White Oil and Low Aromatics Solvents Plant, Paraguana, Falcon state Client ACEITES Y SOLVENTES VENEZOLANOS, VASSA, S.A. Scope EPC Investment US$ 30 MM Period 1994/1998

Engineering, Procurement an Construction for a grassroots plant to processing 120,000 MTA of Polyvinylchloride

Gas Experience

Gas Transportation System Interconnection, East- Center-West ICO - Phase ll Gas Compression Plants Jose, Anzoategui state Client PDVSA GAS Scope EPC Investment US$ 320 MM Period 2006/2008 Engineering, Procurement, Construction, start-up

maintenance service and fabrication of 10 turbocompressors for the development of three (3) Gas Compression Plants in Moron, Los Morros and Altagracia to interconnect the east-center-west gas system along Venezuela

Gas Anaco Project, Santa Rosa Compression Plant Anzoategui state Client SIEMENS INDUSTRIAL TURBOMACHINERY, INC Scope DE Period 2005/2007

Detail engineering and procurement support for the development of 10 compression trains to handle 225 MMSCFPD of gas

Gas Experience

Replacement of Tia Juana 1 Compression Plant Maracaibo Lake, Zulia state Client PDVSA GAS Scope EPC Investment US$ 150 MM Period 2004/2007

Engineering, Procurement and Construction of new compression plant in Maracaibo Lake to replace the old Tia Juana 1 compression plant

Power Generation Experience

Argimiro Gabaldon Power Generation Plant, Lara State Client C.A. ENERGIA ELECTRICA DE BARQUISIMETO (ENELBAR) Scope EPC Investment US$ 80 MM Period 2004/2006

Engineering, Procurement and Construction for the development of 84 MW Power Plant with provision to 120MW

Installation of Units 9, 10, 11, 12 and 13 - Oscar Augusto Machado Power Generation Plant, Miranda State Client C.A. LA ELECTRICIDAD DE CARACAS Scope DE, PS Period 1995/1998 Detail Engineering, Procurement

Support, Commissioning, Tests Assistance and Project Control to replace the old power generation plant and install the new 500MW Power Plant

Termozulia ll Combined Cycle Zulia state Client C.A. ENERGIA ELECTRICA DE VENEZUELA (ENELVEN) Scope EPC Investment US$ 440 MM Period 2006/2009

Engineering, Procurement and Construction to perform the entire project of the Combined Cycle Power Plant with capacity to generate 500 MW

Industrial Plants Experience

PB and MDF Particles Manufacturing Plant Macapaima, Anzoategui state Client FIBRANOVA C.A. Scope EPCM Investment US$ 120 MM Period 1998/2000 Detail engineering and construction

of civil works of PB and MDF wood boards plant

Hot Briquette Iron Plant (HBI) Puerto Ordaz, Bolivar state Client COMSIGUA, COMPLEJO SIDERURGICO DE GUAYANA, C.A. Scope Construction Investment US$ 300 MM Period 1996/1998

Construction for process & industrial buildings, steel structures erection and roads for the development of a grassroots Briquette Plant

Seamless Pipe Plant Puerto Ordaz, Bolivar state Client Siderurgica del Orinoco (SIDOR) C.A. Scope DE Investment US$ 450 MM Period 1995/1998

Detail engineering for the construction of Pipe manufacturing plant to produce 16” diameter seamless pipes

Infrastructure Venezuela

Caracas – Main Offices

Avenida Andres Bello, Torre Jantesa, Multicentro Los Palos Grandes, Los Palos Grandes, Caracas, Venezuela. Phone: (58-212) 209 0000 (master) - Fax: (58-212) 285 4721/ 285 6947

Puerto La Cruz

Avenida Intercomunal, Sector Las Garzas, Centro Comercial CCMT, PB, Puerto La Cruz, Anzoategui state. Phones: (58-281) 287 1767 / 1482 / 1845 / 1938 / 0963 Fax: (58-281) 287 0761

Maracaibo

Avenida 4 con calle 85, Edificio Federal Plaza, piso 1, Maracaibo, Zulia state. Phones: (58-261) 793 0640 / 0892 / 1024 Fax: (58-261) 793 3433 / 792 7818

Locations

Infrastructure Locations

Colombia Calle 99 Nº 7 A-77. Edificio ADVANCE. Oficina 601, Bogota, Colombia. Phones: 0057 03103431748 - 0057 3208659999 Ecuador Edificio Orellana Avenida Orellana No. E11-28 y Coruña, Oficina 801. Quito, Ecuador Phones: 0059 399536351 - 0059 322554783 Panamá

Ocean Business Plaza, Suite 1307 Aquilino De La Guardia & 43 th St, Marbella, Panamá. Phones: (507) 340-6385/86/87. Fax: (507) 340-6393 Contacts: Business Opportunities: negocios@jantesa.com Employment Opportunities: empleo@jantesa.com

www.jantesa.com

Locations Infrastructure

Locations Resources

Experience with International Companies

•  Consortium: JGC – CHIYODA – JANTESA – VEPICA Project: Valorización de Corrientes (VALCOR) Client: PDVSA   •  Consortium: JGC – JANTESA – VEPICA Project: Cerro Negro Upgrader Client: OCN (Exxon Mobil, PDVSA) •  Consortium: JANTESA – KVAERNER Project: Sulfur Block Client; SINCOR (Total, Statoil, PDVSA) •  Consortium: JANTESA – TECHNIP (Italy) Project: Isla Refinery Upgrading (IRUP) Client: Isla Refinery

•  Consortium: JANTESA – TECHNIP Project: PVC II Plant Client: PEQUIVEN- El Tablazo) •  ABB Lummus – JANTESA Project: Diesel Hydrotreater Client: CITGO Corpus Christi Refinery

•  Siemens – JANTESA Project: Anaco project, Gas compression plant Client: PDVSA

•  Consortium: JANTESA – DSD – CGI Project: Naphtha Stripper Client: PDVSA El Palito •  Consortium: JANTESA – BITOR – JANDIS – STATOIL – CONOCO Project: Orimulsion® Client: CONOCO •  Alliance: JANTESA –BP, CBS Engineering – Gulf Island Fabricators – Bay Offshore – J. Ray McDermott – Flag Installations - JMJ &Asst

Project: Pedernales Phase II Reactivation Client: BRITISH PETROLEOUM •  JANTESA – BECHTEL (sub contractor) Project: West Urdaneta Field Reactivation Client: SHELL VENEZUELA •  Consortium: JANTESA – BECHTEL Project: Maraven Refinery Exp. Package B Client: Maraven

•  TECNICAS REUNIDAS (Spain)- JANTESA Project: Refinery Engineering Subcontract

•  JANTESA- SIEMENS Project; ICO Phase II Client: PDVSA