COILED LINE PIPEDELIVERINGTHEPRODUCTIONPROMISEQUICKLYAND

COSTEFFICIENTLY

COMPANY HISTORY 2017 DUG PERMIAN

•  Greenfield,PrivateEquityInvestmentin2007•  Currently,aJVbetweenprivatelyownedcompanyQuantumEnergy

PartnersandpubliclytradedForumEnergyTechnologies(NYSE:FET)

•  ~50,000,000XofcoiledtubingdeliveredsinceApril2009•  Productssoldinover30countriesand6con]nents.•  Keystaffhasover250yearsofcombinedexperienceincoiled

pipelineandflexiblepipe.•  Ourteamhasbeeninstrumentalindeliveringprojectsofover1

MillionfeetofoffshoreCoiledLinePipearoundtheworld.•  Throughcommitmenttotechnologyandcustomerservice,our

companyishelpingourcustomersimprovetheircorporateperformance.

WHAT IS COILED LINE PIPE 2017 DUG PERMIAN

•  DevelopedduringWWII–“ProjectP.L.U.T.O.”•  Subsequentlythedevelopmentsplitintoafewdis]ncttechnologies:

–  FlexibleSteelReinforcedPipe(API17J)–  CoiledLinePipe(API5LCP)–  SteelPipe(ASTMGRADEB/API5L)jointedandcoiled

EVOLUTION NOT REVOLUTION 2017 DUG PERMIAN

•  CoiledLinePipeisanevolu&onarydevelopmentinourindustryasitu]lizestheuseofthetrustedsteelpipegradesandcombinesitwiththefastspoolabledeployment.

•  CoiledLinePipeallowsforsafer,fasterandcheaperprojectcomple&on

bycukngthepipelineinstalla]on]me.1)  …65%lessmanhours.2)  …61%lessequipmenthours.3)  …reducedrisksrelatedtosafetyandquality.4)  …smallerRightofWayandminimalenvironmentalimpact.

COST ALWAYS MATTERS 2017 DUG PERMIAN

PERMIAN CASE STUDY 2017 DUG PERMIAN

Project:CoiledLinePipeforNaturalGasLineLoca&on:Hobbs,NewMexicoApplica&on:FuelGasMaterialSpec:4”NominalOD,Schedule40,A53/X52CCoiledLinePipeLength:3,700Feet

SOUTH TEXAS CASE STUDY 2017 DUG PERMIAN

Project:CoiledLinePipeforMediumPressureFlowlineLoca&on:BigWells,TexasApplica&on:CrudeOil-Mul]phaseMaterialSpec:4”NominalOD,Schedule40,A53/X52CCoiledLinePipeLength:11,600Feet

ROCKIES CASE STUDY 2017 DUG PERMIAN

Project:CoiledLinePipeforHighPressureFlowlineLoca&on:FtMorgan,ColoradoApplica&on:CrudeOil-Mul]phaseMaterialSpec:2”NominalOD,Schedule80,A53/X52CCoiledLinePipeLength:42,300Feet

MANUFACTURING CAPABILITIES 2017 DUG PERMIAN

Sizes(ActualO.D.)–0.750”(19.1mm)–5.000”(127mm)Wallthickness–0.087”(2.00mm)–0.337”(8.60mm)SteelGrades:A53,X52C,X65C,X70C,X80C,HICGrades

SUMMARY 2017 DUG PERMIAN

•  97%lessconnec]onsinamileofpipeline

•  3LayerFBE/CP/PP(PE)coa]ngsrepresentthemostadvancedandversa]lecoa]ngsystemsavailable.

•  Timetestedindustrystandards

CoiledTubingPipeline OtherPipelineProducts•  SteelPiperequiresaweld,coat&

X-rayevery40’•  Compositesrequireexpensiveand

unprovenconnec]ons•  FBEweatherspoorly•  FBE/AROiscostlyandhardtobend

duringHDDs

•  Newandun-developedstandards•  Trustedstandards,butnogrowth

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