www.petronate.com

E&P Petroleum Consulting

INTEGRATED ENERGY CONSULTING

CONSULTING TRAINING

PARTNERSHIP COLABORATION

Company Profile

THE COMPANY Welcome to Petronate, the first Petroleum Network Consultancy offering services within the oil & gasupstream industry. On the basis of worldwide assign-ments and services, I have put together a team of upstream experts with whom I have worked, trust andpersonally know to tackle tasks as a group and solve them successfully.

As the Managing Director, I am responsible for main-taining the corporate interests which were establis-hed in 2011. Being a reservoir engineer by profession and performing RE services in person the company is represented by a network of independent engineers and associates with G&G experts having in excess of 20 years of broad experience throughout the E&P business.

As a well-established team of confidants we are able to provide individual or integrated services to com-plement local multi-disciplinary teams. Our network offers a unique choice of services supplemented by training programs. Utilizing clients in-house or opti-onal home based software grants best rates without having an interest in selling software or equipment.

Our uniqueness is achieved through partnerships and collaborations, depending on task scope and requirements, amended by selective partner investments managed by Petronate.

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INDEX

THE COMPANY

KEY AREAS OF EXPERTISE

CORE COMPETENCIESTraining Mission & Vision Policies

Experience Map Our Clients

THE EXPERT NETWORK Engineering G & G

CONTACT DETAILS

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„We provide solutions to optimize production and to maximize asset value worldwide.“

Dr. Thomas FranzenManaging Director Petronate

Please peruse the following pages of our prospectus and visit the Petronate website. It would be my pleasure to answer any queries you may have in order to deliver market leading services wherever needed.

Sincerely,

Dr. Thomas FranzenManaging Director & Principal Consultant

“Thomas Franzen made significant contributions to the framework,

execution and review of reservoir engineering evaluation at DONG Energy.

He brought broad and deep knowledge to projects ranging from frontier

exploration to brownfield redevelopment. In addition, to his technical

strengths, Thomas is an active and effective integrator and collaborator.”

Chris Reaves, Senior Manager, DONG Energy, 2016

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Production EngineeringWell performance optimization, productivity index & nodal analysis, multiphase flow modelling & well flow assurance, production chemistry, well damage mitigation & stimulation design

Production TechnologyCompletion & perforation selection, tubing selection & stress analysis, artificial lift selection & design, well intervention & integrity investigation, operations support

Integrated Production ManagementField development feasibility & concept selection, well performance review & surveillance, cost & well planning, production risks & opportunity management

Surface Network ModellingPipeline networks, tie to subsurface, integrated network simulation & optimization

Asset & Project ManagementData room, acquisition/disposition, multiphase boosting, data management & workflows, inter-disciplinary business approach

CORE COMPETENCIES Our Core Competencies are encapsulated within all E&P engineering tasks from pore-space by reservoir into sand-face and up to sales point. All consultants are highly experienced professionals and have first-hand experience as well as knowledge of the upstream industry; combining theoretical and practical knowledge for optimum service.

RESERVOIR ENGINEERING & MODELLING

Reservoir CharacterizationLogging/coring, XPT/MDT, RCA & SCAL, rel. permeability’s & capillary pressures, facies analysis, G&G modelling

Fluid CharacterizationFluid sampling, PVT analysis, black-oil & EOS modelling

Analytical & Numerical Reservoir SimulationProspect generation, single/dual and geothermal modelling & simulation, full field studies, IOR/EOR/EGR

Well Reservoir EngineeringDST & well test design & supervision, transient pressure & rate analysis, stimulation design

Well Planning & Optimization3D model utilization to optimize well locations & investigate uncertainties

Field Reservoir EngineeringReservoir monitoring & development, reservoir & well management, data room evaluations, expert witness, peer assists & reviews, inter-discipline coordination

KEY AREAS OF EXPERTISE At Petronate, experience meets knowledge combined with innovative teamwork. Integrated workflows are the major drivers to success based on the dedication and enthusiasm of each individual expert. Knowledge Transfer & Training as well as Coaching & Mentoring are intrinsic parts of our performance.

PRODUCTION ENGINEERING & TECHNOLOGY

www.petronate.com„ Our knowledge today, your profit tomorrow “

COST & WELL PLANNING

DST AND WELL TESTING

TRAINING & MENTORING

PRODUCTION CHEMISTRY

OPERATIONS SUPPORT

PETROLEUM CONSULTING

SOCIETY OF PETROLEUM ENGINEERS

11 E&P Professionalseach with +20 years of experience

M.Sc. & Ph.D. in GeoScience /Petroleum Engineering

PRODUCTION ENGINEERING & TECHNOLOGY

RESERVOIR ENGINEERING & SIMULATION

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TRAINING Petronate training services designs and delivers world-class courses on reservoir modelling and simulation. Our PEclipse course is custom made to integrate the PetrelTM and EclipseTM platforms com-bined with easy access editors based on profound based geological models. Prospect generation within exploration projects might be designed by automatic gridding tools as granted by Kappa Engi-neering software guided by our profes-sional RubisTM ambassador.

We seek to be epitomized by our passion, integrity, entrepreneurialism and our in-novative spirit, as we continually strive to fulfill our independent vision. These valu-es guide us in all that we do to provide unsurpassed service without an interest in selling software or equipment to opti-mize our clients objectives and goals.

POLICIES HEALTH & SAFETY is our first priority! We perform careful risk analysis for all our tasks to guarantee the health & safe-ty of both of our clients/participants and personnel at all times.

PRIVACY All data clients/personal infor-mation submitted to PETRONATE in order to request a consulting service and/or to register for a training course shall be kept confidential and shall be used solely toward the requested service. Our policy is to honor our clients privacy and to pro-tect any personal information from unau-thorized access or use.

PUBLICATIONS will be issued only with explicit and written consent of the res-pective client.

Petrel & Eclipse are products and trade-marks by Schlumberger (www.slb.com).Rubis & Kappa WS are products and trade-marks by KAPPA Engineering (www.kappa-eng.com).

MISSION & VISION We aim to be the most competitive and dynamic service & training provider worldwide to optimize our clients produc-tion and asset value. Being an innovative and integrated energy consultancy we continuously improve our services to be best-in-class by using state-of-the-art technology combined with professional knowledge and profound expertise.

The public courses are hosted at our customer's offices in locations around the world to guarantee maximum acces-sibility and convenience to our clients. The customized in-house courses are de-signed according to our clients specific profiles and requirements assigned by our professional experts with profound operational experience and expertise on the specific subject.

OUR CLIENTSDuring the last and current business years various projects and diverse con-sulting services have been provided, for which we are very thankful to our customers, and build on further coope-ration in the future, inshallah.

ADX Energy Ltd.

DONG Energy A/S

ERDWERK GmbH

Gazprom Germania GmbH

Mærsk Olie og Gas A/S

OMV AG

Verbundnetz Gas AG

THE EXPERT NETWORK Petronate offers a reliable and structured network of E&P experts worldwide having first-hand experience and international recognition in excess of 20 years. All consulting services and training programs are organized by Petronate to guaranteehighest standards and state-of-the-art technology. Dr Thomas Franzen may be contacted (contact details @ last page) directlyto ensure an immediate response and successful solutions.

EXPERIENCE MAP

LEGEND

PROSPECT GENERATION FIELD STUDIES & SIMULATIONS PRODUCTION & OPERATIONS

MAKE THINGS SIMPLE BY EXPERIENCE

COMPLETION TECHNOLOGY

PRODUCTION TECHNOLOGY

PETROPHYSICS

GEOMECHANICS

WELL TESTING & SUPERVISION

RESERVOIR ENGINEERING & MODELLING

G&G AND STATIC MODELLING

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THE EXPERT NETWORK

Thomas (Ph.D.)Principal Petroleum Consultant

+25 years within the upstream oil & gas industry; Thomas is a recognized thought leader in petroleum engineering, innova-tive and forefront of technology develop-ment throughout his career. At PetroSA (NOC S-Africa) he’s been the Technical Manager managing subsurface opera-tions and national oil & gas reserves.

Specific skillsdiverse reservoir engineering tasks, reservoir modelling & simulation, expert Petrel/Eclipse suite user & RUBIS am-bassador, IOR & EOR, full field studies & management, PVT/ fluid modelling & sampling, prospect generation and data room evaluations, on-site supervisor. As consultant he has worked for ADXEnergy, Dong Energy, Erdwerk, Gazprom,Mærsk Oil and OMV.

GERD (PH.D.)RE Advisor and Mentor

+30 years of diversified experience and advisor in reservoir engineering, simu-lation and enhanced oil recovery. He worked for Deutsche Texaco/RWE-DEA and Veba Oil & Gas. The last 15 years he’s been the Managing Director of EIROC Con-sulting.

Specific skillsreservoir engineering & simulation (E100 & E300), EOR specialist. As con-sultant he has worked for Bayerngas, Erdöl Erdgas Gommern, GdF Suez/Engie, Maersk Oil, PetroCanada, PetroSA, Ruhr-gas and Wintershall.

BILLPrincipal Well Test Engineer

+25 years of experience in the upstream industry working on the development and operation of oil & gas well/fields. His experience includes working offshore Denmark, Norway and the UK.

Specific skills well test design/supervision/analysis, production data analysis, characterizati-on of reservoir hydraulic properties and flow characteristics, flow in fractured low permeability formations, development of conceptual reservoir models, fit-for-purpose flow modelling, operation and management of well fields.

RESERVOIR ENGINEERING& MODELLING

WELL TESTING & PRODUCTION ANALYSIS

PRODUCTION ENGINEERING & TECHNOLOGY

MOHAMEDPrincipal Production Technologist

+30 years within the upstream oil & gas industry; advisor level and fully versed in field development, integrated subsurface studies, well & reservoir management incl. HPHT fields. His experience covers offshore operations in Egypt, North Sea, Trinidad & Tobago, Tunisia & Denmark and onshore operations in Canada, Egypt, Russia and Trinidad.

Specific skills well performance analysis, well stimu-lation, completion design, sand control, artificial lift, flow assurance, hydraulic fracturing and field development feasi-bility, concept selection and execution. Covered senior PT, petroleum enginee-ring manager and subsurface manager positions. As consultant he has worked for Wintershall and Dong Energy.

TOMPrincipal Production Engineer

+20 years of experience in the upstream oil & gas in various engineering and off-shore supervision roles with both service companies and E&P operators – small, medium and super-major - in Alaska, Lower48, UKCS and DKCS.

Specific skills production chemistry & flow assu-rance, materials selection & testing, AFE and OPEX preparation, sand & erosion management, well performance model-ling, well integrity, offshore supervisor. As consultant he has worked for Tuscan Energy, ENGIE UK, Endeavour Internatio-nal and Dong Energy.

STUARTPrincipal Production Technologist

+30 years of international experience in the upstream oil & gas industry. 17 years employed by international opera-tors including work in technical mana-gerial roles; consultant and MD of Moon Production Technology GmbH since 2002. He has worked primarily in Europe, North Africa, Middle East and the Russian Federation.

Specific skills artificial lift (expert in ESPs & gas lift), well & field production optimization – including nodal analysis & integrated asset modelling; full life cycle artificial lift planning and operations procedures;operations support, workover & well in-terventions. As consultant he worked forBP, OMV, RWE‐DEA, Petro‐Canada, TNK‐BP,Total and Wintershall.

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THE EXPERT NETWORK – ASSOCIATED SERVICES Focusing on petroleum engineering with all its diverse tasks Petronate collaborates with geoscientists to perform integrated projects at the customer’s request. Exception remains static modelling as core competency because of the direct interface and work loop to reservoir modelling and simulation. You are welcome to ask for further assistance.

GEOMECHANICS

G&G AND STATIC MODELLING PETROPHYSICS

„Whilst working at PetroSA, I had the pleasure of working with Dr Thomas Franzen where I pro-vided information to him and histeam, including report to him when our direct manager was on leave. His knowledge and experience pro-vided me with a lot of information and also contributed to broadening my knowledge and experience. He has a natural ability to explain complex concepts.

He was one of the very few mana-gers that I looked up to, and learnt a great deal from. He was always consistent in his behaviour; inclu-ding displaying a high EQ. He is oneof the few I know who embdies thekey components of a good manager.”

Erica Southey, Production Engineer, PetroSA, 2010

UTE (Ph.D.)Geology Advisor & Modelling Expert

+25 years of diversified E&P experience within clastic & carbonate reservoirs stu-dies in North Africa (Algeria, Egypt, Libya, Tunisia), North Sea, Austria, Romania, Russia, Syria, Venezuela and Germany. More than 15 years teaching experience in 3D reservoir modelling at academic and corporate level.

Specific skills advisor level and fully versed in reservoir characterization and 3D modelling, re-servoir diagenesis studies, project coor-dination. As a consultant she has worked for DMT, Maersk Oil, OMV, Petro Canada, Ruhrgas, Veba Oil & Gas, Wintershall and FU & TU Berlin.

WERNER (Ph.D.)Senior Exploration Geophysicist

+30 years experience of worldwide petroleum geology as Interpretation Geophysicist and Exploration Manager. Advisor level and fully versed with mostof the technologies and for accurateseismic interpretation, depth conversion,log correlation, mapping and well planning.

Specific skills seismic interpretation experience with Petrel, Kingdom, GeoTeric, Paleoscan, Kingdom, Charisma and Landmark, indepth evaluation knowledge of gravityand magnetic data, block evaluation,basin studies, prospect generation anddata room evaluations in extensionaland compressional tectonic regimes.As consultant he has worked for FalklandOil & Gas, Repsol, GdF Suez/ Engie, Nipponand Wintershall.

RAYSenior Petrophysicist

+30 years worldwide experience in the oil industry, with 10 years wellsite expe-rience both on and offshore. Held several senior technical lead roles in petrophy-sics and MD of Geostart Ltd. Experience of many play types, with extensive ex-perience evaluating data from Central Graben, Viking Graben, Norwegian Sea, Barents Sea and WOS wells.

Specific skills high expertise in Petrophysics, data ac-quisition, data management, well opera-tions, well planning, pore pressure evalu-ation and modelling. Good soft skills – effective team building and mentoring. As a consultant he has worked 25 years on long term placements with Amoco, BP, Dong Energy, Hess, Nexen and Talisman.

DIRK (Ph.D.)Petroleum Systems Specialist

+30 years of diversified E&P experience having solid knowledge of sedimentolo-gy and structural geology of siliciclastic and carbonate rocks. Worked 20 years at Shell Research and developed methods to determine present-day & palaeo insitustresses as well as methods to predict open or closed fractures and faults.

Specific skills application of structural geology and geomechanics, appraisal and field devel-opment. As a consultant he has worked in Albania, Algeria, Denmark, England, France, Indonesia, Italy, Kuwait, Malay-sia, Netherlands, Norway and Scotland.

TOBIAS (Ph.D.)Geomechanics Specialist

+25 years of international experienceand MD of GeoMecon GmbH representinga geomechanics team with 140 years ofexperience. Dedicated to apply scientificand engineering developments and to conduct R&D projects. Developed strong-competence for advanced geosystem analysis as basic rock mechanics lab servises.

Specific skills wellbore stability and mud window de-termination, green field stress tensor modeling, fully coupled THM numerical simulation of reservoir performance, in-duced seismicity potential analysis, sub-sidence prediction, hydraulic fractureextension analysis, cap rock integrity,determination of key rock mechanicsand hydraulic properties, audit for Germanand British Authorities. „Petronate – Individual

or integrated services to perform best solutions and manage complex subsurface challenges.“

Dr. Thomas FranzenManaging Director Petronate

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E&P Petroleum Consulting

INTEGRATED ENERGY CONSULTINGMelchtalerstr. 40 CH-6073 Flüeli-Ranft

Tel +41.44.586 8336Fax +41.41.666 5940

www.petronate.com info@petronate.com

CONTACT DETAILS

Petronate International Office

T: F:E:

YOUR PERSONAL CONTACT

Dr. Thomas FranzenManaging Director

C:E:

+41.44.586 8336+41.41.666 5940office@petronate.com www.petronate.com

+49.178.543 5355thomas@petronate.com