Greater Pioneer Operating Co. Ltd

South SudanOil and Power 2017Juba, Republic of South Sudan

2017 Greater Pioneer Operating Co. Ltd. All rights reserved. No part of this docu-ment may be reproduced, stored in a re-trieval system or transmitted in any form or by any means (electronic, mechanical, photocopying, recording or otherwise) without the permission of the copyright owner.11th October 2017

Greater Pioneer Operating Co. Ltd

Dedicationto World-ClassEnergy

2017 Greater Pioneer Operating Co. Ltd. All rights reserved. No part of this document may be reproduced, stored in a retrieval system or transmitted in any form or by any means (electronic, mechanical, photocopying, recording or otherwise) without the permission of the copyright owner.

South Sudan Oil and Power 2017 11th October2017

OUTLINE

Introduction

Our Business and Commitment

Greater Pioneer Operating Co. Ltd

Dedicationto World-ClassEnergy

2017 Greater Pioneer Operating Co. Ltd. All rights reserved. No part of this document may be reproduced, stored in a retrieval system or transmitted in any form or by any means (electronic, mechanical, photocopying, recording or otherwise) without the permission of the copyright owner.

South Sudan Oil and Power 2017 11th October2017

Key Milestones in GPOC Establishment

1st May 2012

OfficialNotification

4th April First

GPOC MC Meeting

31st March

FullMigration

28th MarchAppointment of

New MCMembers

19th March Migration of Partners Sec-ondees

16th MarchGPOCIncorporation

15th MarchVisit by MPM

12th MarchAppointment of GPOCPresident

Greater Pioneer Operating Co. Ltd

Dedicationto World-ClassEnergy

2017 Greater Pioneer Operating Co. Ltd. All rights reserved. No part of this document may be reproduced, stored in a retrieval system or transmitted in any form or by any means (electronic, mechanical, photocopying, recording or otherwise) without the permission of the copyright owner.

South Sudan Oil and Power 2017 11th October2017

GPOC registered on 26 April 2012

Joint Operating Company Legal Register

ONGC VIDESH

Greater Pioneer Operating Co. Ltd

Dedicationto World-ClassEnergy

2017 Greater Pioneer Operating Co. Ltd. All rights reserved. No part of this document may be reproduced, stored in a retrieval system or transmitted in any form or by any means (electronic, mechanical, photocopying, recording or otherwise) without the permission of the copyright owner.

South Sudan Oil and Power 2017 11th October2017

Blocks 1, 2 & 4 Business Dimension

Block 1A and 1B• Exploration, Development & Production

Block 4 (South)• Exploration Phase

BLOCK 1AContract Area: 7,173 sq.kmRelinquished Area: 2,717 sq.kmRetain Area: 4,456 sq.kmEPSA Signed : 29th Nov 1996

BLOCK 1BContract Area: 154.88 sq.kmEPSA Signed: 29th Nov 1996

BLOCK 4SContract Area: 11,441 sq.kmEPSA Signed : 29th Nov 1996

Shareholders 40% 30% 25% 5%

ONGC VIDESH

Greater Pioneer Operating Co. Ltd

Dedicationto World-ClassEnergy

2017 Greater Pioneer Operating Co. Ltd. All rights reserved. No part of this document may be reproduced, stored in a retrieval system or transmitted in any form or by any means (electronic, mechanical, photocopying, recording or otherwise) without the permission of the copyright owner.

South Sudan Oil and Power 2017 11th October2017

Blocks 1, 2 & 4 Business Dimension

Jia Yong Janin Girie Pasala Krishna Rao Dr. Chol Deng Thon Abel

ONGC VIDESH

Greater Pioneer Operating Co. Ltd

Dedicationto World-ClassEnergy

2017 Greater Pioneer Operating Co. Ltd. All rights reserved. No part of this document may be reproduced, stored in a retrieval system or transmitted in any form or by any means (electronic, mechanical, photocopying, recording or otherwise) without the permission of the copyright owner.

South Sudan Oil and Power 2017 11th October2017

Management Committee

Hou Fudou

President

Chom Juaj Bol

VicePresident

VirendraKumar

GMExploration &Development

AndrewStephen

Obek

PlanningManager

Chen Yong Achol Majok

GMCommercial& Services

Deputy GMCommercial& Services

Greater Pioneer Operating Co. Ltd

Dedicationto World-ClassEnergy

2017 Greater Pioneer Operating Co. Ltd. All rights reserved. No part of this document may be reproduced, stored in a retrieval system or transmitted in any form or by any means (electronic, mechanical, photocopying, recording or otherwise) without the permission of the copyright owner.

South Sudan Oil and Power 2017 11th October2017

Key Agreements Governing Petroleum Operations

Exploration & Production Sharing Agreement

(EPSA)29 November 1996

Blocks 1, 2 & 4Transition Agreement

(Block 1,2 & 4 TA)13 January 2012

Joint Operating Agreement (JOA)

1 October 2012

Joint Operating Company Shareholders Agreement (JOCSA)

16 March 2012

Greater Pioneer Operating Co. Ltd

Dedicationto World-ClassEnergy

2017 Greater Pioneer Operating Co. Ltd. All rights reserved. No part of this document may be reproduced, stored in a retrieval system or transmitted in any form or by any means (electronic, mechanical, photocopying, recording or otherwise) without the permission of the copyright owner.

South Sudan Oil and Power 2017 11th October2017

GPOC’s Vision, Mission and Core Values

Our Vision

To be a pioneering oil & gas organization,adding value to stakeholders in South Sudan

Our Core ValuesCommitmentOptimism, supportiveness, being open-minded and sustaining a robust management system.

RespectDiversity, culture, collaborative work culture and respecting and trust-ing each other as we carry out our roles and responsibilities.

IntegrityBeing honest with others and ourselves, and safeguarding the orga-nization and assets.

Strong Work EthicsAccountability, compliance, improvement and performance.

Professionalism & StewardshipQuality & safe practices, accountability, protecting health and environ-ment and maintaining high standards for ethical conduct.

Our Mission

To create stakeholders’ value by delivering out-standing operating and financial results, building a culture committed to best practices, sustain-able production, environment awareness and

community development

Greater Pioneer Operating Co. Ltd

Dedicationto World-ClassEnergy

2017 Greater Pioneer Operating Co. Ltd. All rights reserved. No part of this document may be reproduced, stored in a retrieval system or transmitted in any form or by any means (electronic, mechanical, photocopying, recording or otherwise) without the permission of the copyright owner.

South Sudan Oil and Power 2017 11th October2017

Historical Daily Production

Dai

ly O

il R

ate,

kbb

l/d

60,0

3,3

17,8

0 0 0,0

10,0

20,0

30,0

40,0

50,0

60,0

70,0

2011 2012 2013 2014 2015 2016 2017

GPOC Historical Daily Oil Rate

Dai

ly O

il R

ate,

kb

bl/d

1 1. GPOC separated from GNPOC in year 2012

2 1st Shutdownin Jan. 2012

3 1st Production Resumption betweenApr. and Dec. 2013 with 8 months production

4 2nd Shutdown in Dec. 2013

Greater Pioneer Operating Co. Ltd

Dedicationto World-ClassEnergy

2017 Greater Pioneer Operating Co. Ltd. All rights reserved. No part of this document may be reproduced, stored in a retrieval system or transmitted in any form or by any means (electronic, mechanical, photocopying, recording or otherwise) without the permission of the copyright owner.

South Sudan Oil and Power 2017 11th October2017

Block 1, 2 & 4 Summary of Operation Activities

Jan 20121st Shutdown of GPOC fields

ActivitiesGrass cutting of GPOC oil fields• Preparations for 2nd production resumption• Repair and reinstatement activities

Activities since 2nd shutdown of GPOC fields• Grass cutting of GPOC oil fields• Fire line Construction of GPOC oil fields• Oil Spill Cleaning at GPOC oil fields• Monitoring of GPOC facilities• Preparations for 2nd production resumption• Security Assurance and assessment by GPOC

Apr 2013 1st Production

resumption

April 2012 Inception of GPOC

Dec 2013 2nd Shutdown of GPOC fields

Now

Greater Pioneer Operating Co. Ltd

Dedicationto World-ClassEnergy

2017 Greater Pioneer Operating Co. Ltd. All rights reserved. No part of this document may be reproduced, stored in a retrieval system or transmitted in any form or by any means (electronic, mechanical, photocopying, recording or otherwise) without the permission of the copyright owner.

South Sudan Oil and Power 2017 11th October2017

Manpower Strength

Total StrengthAugust 2017450 Staff 94% filled

by national staff0

50 100 150 200 250 300 350 400 450

Nationals Expatriates Total

424

26

450

Total

Greater Pioneer Operating Co. Ltd

Dedicationto World-ClassEnergy

2017 Greater Pioneer Operating Co. Ltd. All rights reserved. No part of this document may be reproduced, stored in a retrieval system or transmitted in any form or by any means (electronic, mechanical, photocopying, recording or otherwise) without the permission of the copyright owner.

South Sudan Oil and Power 2017 11th October2017

Manpower Strength

GPOC’s Community Development programs embarks mainly on the

provision and development of clean drinking water, health support services, education

support programs as well as capacity building programs,

road construction and agriculture

Joknyang boreholeno. 1-Wangkai Payam

Mayom County

Wunamieth borehole No. (7) - Panyang

Payam – Abiemnom County

Medical supplies handover at

Rubkona airport

Water Health Education

Greater Pioneer Operating Co. Ltd

Dedicationto World-ClassEnergy

2017 Greater Pioneer Operating Co. Ltd. All rights reserved. No part of this document may be reproduced, stored in a retrieval system or transmitted in any form or by any means (electronic, mechanical, photocopying, recording or otherwise) without the permission of the copyright owner.

South Sudan Oil and Power 2017 11th October2017

Blocks 1,2 & 4 Resumption Road Map

2017 2018 20182017/18PRE-RESUMPTION

Security Assurance & Assessment

Commercial Resolutions and pre-requisitions for resumption

TECHNICAL ASSESSMENT

Technical Assessment at Toma South, El Toor andEl Nar fields(Subject to meeting of all the pre-requisites)

RESTORATION

Road Repairs and Base CampRe-instatement

Repair andRe-instatement of Toma South process facilities

1ST Oil

Oil Export fromToma South

Greater Pioneer Operating Co. Ltd

Dedicationto World-ClassEnergy

2017 Greater Pioneer Operating Co. Ltd. All rights reserved. No part of this document may be reproduced, stored in a retrieval system or transmitted in any form or by any means (electronic, mechanical, photocopying, recording or otherwise) without the permission of the copyright owner.

South Sudan Oil and Power 2017 11th October2017

Blocks 1,2 & 4 Resumption Road Map

Two (2) Security Assessment Teams were dispatched to North fields and Unity from 4th August and completed on 25th August

Greater Pioneer Operating Co. Ltd

Dedicationto World-ClassEnergy

2017 Greater Pioneer Operating Co. Ltd. All rights reserved. No part of this document may be reproduced, stored in a retrieval system or transmitted in any form or by any means (electronic, mechanical, photocopying, recording or otherwise) without the permission of the copyright owner.

South Sudan Oil and Power 2017 11th October2017

Moving Forward

Close coordination with its Shareholders and Ministry of

Petroleum

Production resumption works

Security assurance and assessment

Greater Pioneer Operating Co. Ltd

THANK

YOUSouth SudanOil and Power 2017Juba, Republic of South Sudan

11th October 2017