Company Profile

Grup Servicii Petroliere (GSP) is 100 % member of Upetrom Group. GSP was established in May 2004 based in Constanta, Romania.GSPGSP is performing the following activities:

• Offshore & Onshore Drilling

• Well Intervention Services • Offshore Construction

• Naval Supply and Transportation

GSPGSP is a member of:-IADC ( International Association of Drilling Contractors);-IWCF (International Well Control Forum)-IMCA (International Maritime Contractors Association) for Maritime Construction & Remote systems and ROV divisions, Africa & Europe Section.

Organizational chart

Health Safety Environme

ntQuality

HSEQ goals:

NO harm to people

NO harm to the environment

What we believe in: We operate as one group

Client relationships are the key

Projects are our business

Engineering is the heart of our business

People are central to our success

We act on our commitments

HSEQ

HSEQ Management SystemIn order to achieve these HSEQ Objectives you need to have and

implement a proper HSEQ Management System, able to regulate all company activities with respect of the HSEQ aspects.

The issue of this management system has been initiated since the very beginning of this company and now, after 4 years, we can say that we have a well structured and implemented HSEQ MS.

This HSEQ MS is an integrated management system, following the local and international standards regarding Health, Safety, Environment and Quality.

Due to the fact that the major part of our activity is offshore, we have updated this management system as to comply with the requirements of the ISM Code too.

At present, we have a comprehensive HSEQ MS certified by GL to be in compliance with the requirements of: ISO 9001, ISO 14001, OHSAS 18001 and ISM Code.

HSEQ

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Our set targets at the beginning of the year 2008:

Accidents resulting in LTI = 0

Reduction with 15% of all accidents resulting in personal injury

Pollution accidents = 0

Improving the quality of personnel health

Improving the HSE awareness of all employees

Improving the level of safety at all working places

Improving the level of personnel competency

HSEQ

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HSEQ

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IADC recognition awards for three of our drilling rigs for three years

LTI free. The other two drilling rigs have been awarded for two

years LTI free at the end of 2008. No LTI reported in our fleet and

onshore activities.

Now, we are proud to say that we have more than 6,000,000 man-hours LTI free.

HSEQ