Oil & Gas Production Artificial Lift Profit Center ESP & PCP



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Oil & Gas Production Artificial Lift Profit Center ESP & PCP Manufacturing Technology Processes Repair Testing Services Ray Johnson David Davidson Copyright 2011, All Rights Reserved LiftStar Capital Resources www.liftstar.net www.liftstar.org

Objectives Brief bio of partners, Ray Johnson and David Davidson. Introduce / overview of fixed assets and mfg processes for regional market specific ESP mfg & service facility. Brief on sourcing / engineering / applications are included in this presentation. Market & distribution plan and investment criteria NOT included in this presentation. Copyright 2011, All Rights Reserved LiftStar Capital Resources

RAY JOHNSON Founded & Operated Five (5) ESP related companies 1977 - SOS I, ESP Services Co. Introduced Flame spray corrosion coating, first commercial VFD to ESP industry. (sold to Centrilift in 1980) 1983 - ESP, ESP Manufacturer & Service Co. (sold to WG in1990, now WGESPi) 1993 - Pioneered ESP s early sales and efforts in Russia; Repair, Test and light Manuf. agreement 2003 STP/SOS, Supplier of ESP technology, testing equip. & ESP parts to end-users and manufacturers on a global basis. 2004 - SOS-Russia, (JV with Borets) 2004 SOS II, ESP manufacturer & service co., (sold to Weatherford in 2005) Has worked for all five major US ESP providers, Schlumberger Reda, Baker Hughes Centrilift, Wood Group ESPI and Weatherford SOS, Global Artificial Lift. All in senior management roles. Founder of two. Introduced key technology to lower operating costs, expand the number of ESP operating around the world. Corrosion coating, VFD, Horizontal testing of used equip. Low cost motor Dry out, Well test, Leasing, quality service technical improvements. With ESP we provided a way for the API to introduce API standards for the ESP industry. Experience in all major oil producing regions including; US, Canada, Russia, China ME-NA, South America, Indonesia Has initiated and implemented three (3) transfers of ESP manufacturing technology Expertise in all facets of ESP business; sales, service, testing, manufacturing, management Copyright 2011, LiftStar Capital Resources, All Rights Reserved

DAVID P DAVIDSON Artificial Lift and Business / Marketing Specialist Global Oil & Gas Marketing / Distribution particularly in the Middle East GCC. Artificial Lift ESP applications and training specialist for major oil & gas service company Acquisitions & Mergers -> Noble / Transworld / Bawden / PP&E & market analysis Simmons Extensive experience in electric submersible pump system applications and well optimization. In addition, surface power systems, controllers, and ancillaries onshore and offshore. Specialist in surface ESP water injection and disposal systems. Significant experience in the Middle East GCC and North Africa. Systems specialist for enterprise mfg and market distribution. Managed the development of flow through factory manufacturing process modeling for entire ESP system assembly tubing, stages, press, lams, rotors, CNC functionals, motor epoxy, winding, coating, seal assembly, and performance sump and bench testing. Experience in all major oil producing regions including; US, Canada, Russia, China, Caspian, ME-NA, South America, and Indonesia Expertise in ESP business; sales, service, manufacturing, and management. Bachelor of Science, Mechanical Engineering, Tulane University, 1982.

Partners and Group - ESP Technology Partial Project List: Snapshot SOS I - Midland, Tx, (1977), Development of ESP VSD & Testing Technology, and development of coating technology to ESP business ESP Midland, Tx, (1983) ESP testing Technology, Computerized horizontal pump testing 1983-Horizontal computerized motor testing 1985, low cost motor dry out 1986, computerized seal testing 1988, Computerized cable testing 1989, technology to clean out and test used equipment (Acid, other chemicals) 1983. WGESPi,-Hawtah Project, Saudi Arabia (1992) 1 st ESPs and ESP Tech. to Kingdom of Saudi Arabia. Oil Pump - Kogalym, W. Siberia (1995) 1 st. Western ESP facility in Russia, involved Technology Transfer Temtex Tianjin China, (1994) 1 st., Western China/US ESP Manufacturing, TT, transfer, Borets Moscow, (1996), Technology upgrade and manufacturing expansion, Temtex Tianjin, China, (1997), Western Motor Winding Technlogy TT to China, STP/Borets - Moscow (2000), Transfer of Western Motor Winding to Borets, SOS - Russia Moscow/Midland, (2004), Western TT to Borets, SOS - Weatherford Midland/Shanghai (2005-06) Western ESP Technology to WF Shanghai from SOS. Technology Development & Transfers implemented by members of group resulted in over 650MM USD in quantifiable ESP related revenue in 2005. In addition, to technology, members of the group have been directly involved in ESP market development in every major oil producing region the World. This includes several market firsts,the first ESPs in Saudi Arabia, first Western ESPs in Former Soviet Union, First WGESPi, ESPs in Oman and Kuwait, and the first WFT ESP units in Venezuela, Columbia, Ecuador, Trinidad and Brazil.

ESP Group Technology, Firsts 1977 1st. Corrosion Coating for ESP Components-Flame Spray 1978 1 st. Use of Variable Frequency Drive with ESPs 1983 1 st. Computerized Horizontal Pump test Bench 1983 1 st. Adapters; allow different manufacturers equipment to be used 1985 1 st. Computerized Horizontal Motor Test bench 1985 1 st. Low Cost Motor Dry out Technology 1988 1 st. Computerized Seal Test Bench 1990 1 st. Computerized cable Testing 1992 1 st. Well testing program utilizing ESPs 1994 1 st. Leasing Program of ESPs 2004 2 nd. Affordable Nickel - Stage Coating process for pump stages

What the ESP Group Brings to a ESP Repair & Testing Project Western ESP Product Technology - including Specialty Hi-end ESP products This includes all of the necessary manufacturing, assembly and repair drawings, (CAD) For the following Series and Configurations of DH ESP Product: Pumps: 400, 513 & 538 Series, (180-14,000 BPD) Motors: 375, 456, 540 & 562 Motors, both Med. (150 C) & High Temp (+180 C) Motor Lead Flat Cables Seals: 375, 400 & 513 in standard and modular multi-chamber configurations, High Temp, High Load Gas Separators and Intakes: Rotary & Vortex Separators. Other Products could be added, when we install manufacturing; Switchboards, Transformers, Parts Reclamation, Foundry Western ESP Manufacturing, Assembly, Repair, Inspection Tooling & Corresponding manufacturing know-how. The group will provide the necessary tooling to manufacture, repair and inspect the ESP equipment listed above as well as tooling necessary to repair the ESP products of the primary ESP competitors. In addion the group will provide the know-how and training to effectively manufacture and repair all ESP components. Western ESP Testing Technology The group pioneered the creation and establishment of this technology in the 1980 s. The core group will provide the latest technology in testing benches, software and operating know-how. Testing benches include: Computerized Pump Testing Computerized Motor Testing Computerized Seal Testing Computerized Cable Testing

What the LiftStar ESP Group Brings to a ESP Repair & Testing Project Established supply line of Western ESP parts & components The ESP group has spent fifteen years developing a supply line of ESP parts and components. The supply line not only involves primary ESP Parts an components, i.e. motors, pump, pump stages etc., but more importantly the hi-end specialty parts that are critically important in supplying an ESP product that can operate in difficult DH environements,i.e. high strength shafts, premium seals, high load bearings, high temp. Insulating materials and elastomers. Parts reclamation technology. This independent supply line will be instantly available to the project. Sales, Service and Application Engineering Know-how. Members of the ESP Group have established over eight (8) ESP manufacturing, testing, sales and service companies over the past thirty years. These include efforts in the US, Canada, Indonesia, the Middle East, Russia, China and South America. In all of these efforts the establishment of local sales, service and application engineering infrastructure was one of the primary keys to success.

THE THREE PHASES OF ESP REPAIR AND TESTING PHASE I: COMPONENT TESTING (MOTOR/PUMP/SEAL/GS/CABLE) PHASE II: PHASE I WITH THE ADDITION OF COMPONENT REPAIR & PROVIDE SUPPLY OF QUALITY PARTS PHASE III: PHASE I AND II WITH THE ADDITION OF MOTOR WINDING

EQUIPMENT REQUIRED FOR - PHASE I PUMP TEST BENCH PUMP TEST TOOLS PUMP FILTERTING SYSTEM PUMP TEST CALIBRATION EQUIPMENT MOTOR TEST BENCH MOTOR TEST BENCH TOOLS SEAL SECTION TEST BENCH SEAL SECTION TEST BENCH TOOLS CABLE TESTER CABLE TESTER TOOLS CABLE REPAIR TOOLS MOTOR DRYOUT SYSTEM MOTOR FLUSH & FILL EQUIPMENT OPTIONAL : ACID CLEANING SYSTEM FOR Used PUMPS

EQUIPMENT REQUIRED FOR - PHASE II MOTOR ASSEMBLEY & DISSASSEMBLEY TOOLING SEAL ASSEMBLEY & DISSASSEMBLEY TOOLING PUMP ASSENBLEY & DISSASSEMBLEY TOOLING INSPECTION AND MEASURMENT TOOLING PARTS CLEANER, (SOLVENT TYPE) STEAM CLEANER (INDUSTRIAL TYPE) MOTOR STATOR BORE CLEANER ROTOR BAKING OVEN SAND BLASTING CABINENT BEARING LAPPING MACHINE HYDRAULIC BREAKOUT WRENCH MOTOR REPAIR BENCH SEAL SECTION REPAIR BENCH PUMP ASSEMBLEY BENCH PUMP DISSASSEMBLEY BENCH SHAFT STRAIGHTENER & other technical parts Machinery for repairs

EQUIPMENT REQUIRED FOR PHASE III LAMINATION RECOVERY TOOLING STATOR PRESS STATOR STRAIGHTER STATOR WINDING TOOLING SLOT LINER INSTALLATION TOOLING STATOR VARNISH SYSTEM STATOR VARNISH TOOLING Machinery required for project

TYPICAL ESP REPAIR & TESTING FACILITY - EXAMPLE A

TYPICAL ESP REPAIR & TESTING FACILITY - EXAMPLE B

ESP REPAIR Pumps Motors Seals Gas Separators & Intakes Cable Variable Frequency Controllers

ESP COMPONENT TESTING Pumps Motors Seals Cable Variable Frequency Controllers

SOS ESP Group and Investors / Operating Co. LiftStar Capital Resources require a contract for a negotiated period to meet plan requirements. Technology Transfer Agreement These items are required to bring in the required technical personnel to set up and provide the transfer of technology, training and engineering support.