Corporate Presentation

April 2016

Founded by late Sadra Maali, Ofogh company was incorporated to engage in the national infrastructure projects in oil rich Khuzestan Province. The company designed and managed the construction of 3500 km of highways/roads and 150 bridges. Ofogh company earned its reputation for superior performance in the Khuzestan Province.

History 54 years of superior performance

1961 - Ofogh Company

1987-Iran Ofogh Industrial Development Company (IOID)

Iran Ofogh Industrial Development Company (IOID) was incorporated under the Iranian

Registration Act as a Private Joint Stock Company in 1987. Ofogh Group and Edgo Project

Development Ltd. of UK are the shareholders of IOID. The company benefits from the synergy

between Edgo’s experiences in energy development projects in the MENA region and Ofogh’s

reputation in the province of Khuzestan and its knowledge of Iran’s Industry.

The company was formed with a vision to become the leading integrated technical services provider

to the Iranian Petroleum Industry.

History

1987 1988

IOID Incorporated

1995 1999 2001 2003

Specialized Engineering

Services

Equity Partnership in Oil

Exploration Project

Evolution of IOID’s Activities

Integrated Logistic Services

Project Management Contracts (PMC)

Project Development and Equipment Supply

and Services

Pre-Commissioning, Commissioning and

Start-up

2003

Manpower Services

Operation and Maintenance

Services

Modification and Optimization of

Production Platforms

Production Chemical Services

2008 2010 2011 2013 2015

Basic Design

Business Activities Over the past 28 years, IOID has continuously expanded its capabilities to become a

multi-disciplinary service company meeting the demands of the petroleum industry.

Our core activities include:

• Operation and Maintenance• Technical and Engineering• Integrated Logistic Support Services • Equipment Sales and Marketing • Manpower Services

Operation and Maintenance• Pre-commissioning & Commissioning

• Plant Start-up and Performance Tests

• Plant Operation and Management

• Plant Maintenance Services

• Integrated Maintenance Management

• Onshore Pipeline Maintenance

• Rotary Equipment Maintenance

IOID is currently responsible for the plant maintenance and operation of 13% of Iranian crude oil production, servicing 105 oil wells, and the maintenance of 374 km of flow lines.

IOID is a pioneer Iranian private company to execute commissioning and start-up of offshore production platforms.

• Project Management of Contracts (PMC)

• Preparation of Master Development Plan (MDP)

• Construction Management

• Production Performance Optimization

• Technical Assistance Services (TAS)

• EPC Contracting through Alliances

• Engineering and Design

IOID has developed technical capabilities for robust management of contracts and case specific solutions. Effective alliances are formed in an attempt to complement capabilities for EPC projects.

Technical and Engineering

Integrated Logistic Services

• Supply Chain Management

• Life Support Services

• Camp Construction & Management

• Supply of Heavy Vehicle & Machinery

• Offshore Logistic Services

• Project Warehousing

IOID is a leading integrated logistic support service provider in oil and gas fields of Khuzestan Province and Assaluyeh; specialized in remote and harsh operating sites. The facilities include accommodation, warehouses and yards.

ONSHORE SERVICES:• Establishment of Project Sites• Provision of Land & Bounded Areas• Camp Construction• Camp Management • Catering and Allied Services• Fleet Management• Provision of Security• Procurement of Supplies• Warehousing • Custom Clearance

OFFSHORE SERVICES:• Supply Base Facilities / Management• Marine Transportation• Marine Accommodation (Hotel Vessel)• Catering Service • Diving Services• Customs and Shipping• Marine Logistic Support

Equipment Sales and Marketing

Supplying Petroleum Industry with engineered equipment and services in the following fields:

• Process Packages, Separation Systems

• Rotary Machinery and Equipment

• Mechanical, Electrical and Instrumentation Equipment

• Drilling Equipment

• Piping (standard and high alloy), fittings and valves

• Industrial Water Treatment Systems

Equipment Sales and Marketing (continued)

Extensive services in department covers pre-project marketing, tendering/sales and after-sales services and includes the following functions:

Pre-project Marketing• Identification of requirements• Introduction of new potential principals to clients• Marketing for products and services including introductory seminars• Initiating business plans for commodities• Inclusion of principals in Vendor’s List of NIOC and Affiliates

Tendering and Sales• Participation in tendering/Inquiry process of products/services• Act as Leader, Representative or Joint Venture with principal depending on requirement• Assisting principal during the tendering/Inquiry process, clarification and contract award• Perform tender/Inquiry evaluation as required and advise principal for adjustment and

completion• Act as liaison between client and principal in follow up and implementation of service

Upon completion of tendering/Inquiry phase and award of the inquiry, department continues to perform the following functions in support of the service during supply and after-sales stage.

Local Fabrication and After-sales Services • Identify qualified local fabricators for provision of services• Management of local fabrication of process packages• Expediting and supervising during fabrication/supply• Arranging technical training seminars for client • Assist custom clearances and delivery • Assist during installation and commissioning (specific cases)• After-sales services including storage of the spare parts • Liaising between principals and clients during guarantee period• Organizing product awareness seminars

Equipment Sales and Marketing (continued)

Manpower Services• Recruitment of Qualified Personnel

• Secondment of Qualified Personnel

• Provision of Expatriate Expertise

• Development of Specialized Training

• Payroll Administration

• Consultation on Labor Law, Taxes and SSO

IOID is the leading HR service provider to petroleum and telecommunication industries in Iran.Data Bank contains over 10, 000 updated CV’s.

Functional Chart

Message: IOID has local technical ,engineering, logistical and manpower expertise to offer its international peers

Operational expertise

IOID is Iran's most experienced independent service provider to the petroleum sector

North AzadeganClient: CNPCI• Warehouse Management Services• Provision of down hole chemical and related

services• Provision of subsurface and related technical

services

JUFIERClient: ARVANDAN Oil & Gas Co.Contract: Maintenance of jufier oil Facility

South AzadeganClient: ARVANDAN Oil and Gas Co.• Maintenance of Azadegan North & South

Cluster and Export Pipelines• Provision of maintenance services for

facilities including oil wells

YADAVARANClient: SINOPEC• Provision of field maintenance services

including oil wells and gathering pipelines• Provision of chemicals and related technical

services• Provision of warehouse management

Services (Construction- Operation)

DARQUAIN PHASES 1&2Client: Arvandan Oil & gas Co.• Provision of Engineering , technical

assistance, Maintenance and related technical services.

• Provision of maintenance services to the field facilities including oil and gas wells.

IRAN/IRAQ BoarderNOT IN SCALE INDICATIVE ONLY

AHWAZKHUZESTANPROVINCE

WEST KAROON OIL TREATMENT FACILITYClient: Arvandan Oil & Gas Co.• Provision of Engineering , technical

assistance, Maintenance and repair of West Karoon Oil Treatment unit

KAROON RIVER

Highlight of Contracts

ARVANDAN Oil and Gas Company

Maintenance & Repair of Oil Treatment Units

and Utilities in Darquain, Juffeyr and Azadegan

Oilfields

Operation and Maintenance of HP Gas

Compressors in Darquain Oilfield

Maintenance of HV Power Transmission and

Distribution Lines

Technical Services for Computerized

Maintenance Management System ( CMMS )

Condition Monitoring (CM) Services

IOEC (South Pars phase 17A) Management of Punch Removal (Remained

from Construction and Installation Stages)

Pre-Commissioning of Units & Facilities on

Sub-System Basis

Punch Clearing and Obtaining “Ready For

Commissioning and Start-Up” (RFC/RFS)

Commissioning and Start up of Platform

Performance Test and Hand-over

Provision of Project Technical Dossiers

Highlight of Contracts

SINOPEC (Yadavaran Oilfield)

Provision of Field Maintenance Services including:

• Minor Construction and Civil Works

• Inspection and NDT tests

• Instrument and Valve Calibration

• Major Overhaul of DGs

• Preventive Maintenance Routine

(PMR)

• Waste management

Oilfield Chemicals Services including:• Supply of Production Chemicals

• Optimization and Monitoring

• Laboratory and Field Tests and Analysis

• Provision of Chemical Injection

Packages

• Organizing Seminars and Workshops

Warehouse Management • Material Record & Control

• Provision of Light and Heavy Vehicles

Highlight of Contracts

CNPC (Azadegan Oilfield) Provision of Laboratory Services

• Perform Routine and Specialized Oil Laboratory

Tests

• Prepare Tests and Analysis Results

Provision of Production Chemicals• Supply Production Chemicals

• Optimization and Monitoring

Warehouse and Supply Services• Material Record & Control

• Provision of Light and Heavy Vehicles

Highlight of Contracts

ICOFC Engineering Services for Commissioning of

Oil & Gas Treatment Facilities

Provision of Manpower and Support

Services for Commissioning and Start up

Activities

Highlight of Contracts

Distribution of 105 wells

NORTHAZADEGAN

18

SOUTHAZADEGAN

22

IRAN/IRAQ BORDER

NOT IN SCALE INDICATIVE

ONLYYADAVARAN

30

JUFEIR3

YARAN1

Arvand1

DARQUAINPHASES 1&2

28

KHORAMSHAHRKHUZESTANPROVINCE

AHWAZKHUZESTANPROVINCE

Darquain Juffeir South AzadeganYaran Arvand SohrabSepehr Yadavaran North Azadegan

Sohrab1

Sepehr1

Identification of Projects

Pre-Bid Activities

Tender and Bid Preparation Negotiations

Contract Award

IOID’s Value Chain (Pre-Award)

IOID

’s C

apab

ilitie

s •Technical, Financial and Commercial Criteria•Client Positioning, Priorities and Resources•Pre-Feasibility Studies•Integration of Related Projects

•Feasibility Studies•Master Development Plans•Site Survey •Assessment of Local Resources•Impact Assessment (Environmental, Social and Economical)

•Bid Documentation •Tendering Process Proficiency •Cost Estimations •Alliance Formation•Sub-contractor Evaluation •Local Content & Resources•Preparation of Guaranties

•Legal Consultation •Contractual Expertise •Lobbying & liaison

Field Developers & EPC Contractors

BasicEngineering

Detail Engineering Procurement Construction Commissioning

& Start up

Field Developers & EPC Contractors

Overall PMC Capability

Provision of Integrated Logistic and Manpower Services

IOID’s Value Chain (Project Execution)

IOID

’s C

apab

ilitie

s •Data Collection & Analysis •Perform Basic Engineering through Alliance

•Vendor List Preparation •Local Procurement•International Procurement•Expediting/Shipment•Custom Clearance

•Construction Management•Supply of Machineries, Services & Consumables

•Pre-commissioning•Commissioning•Facility Start up & Performance Tests•Methodology and Software

Handover

Owners and Field Operators – Field Activities

IOID’s Value Chain (Field Production Operation)

IOID

’s C

apab

ilitie

s •Plant Operation & Management•Performance Tests•Production Optimization •Technical Assistance Services

ProductionOperation

Production Performance

ControlQHSE

Field Operation Supports

Well Operation Services

MaintenanceOperation

• Preventive, Routine and Emergency Maintenance

• Overhauls• CMMS Services• Turbine & Compressor

Maintenance • Pipeline Repairs

Wellheads:• Inspections• Observation• Maintenance• Intervention • Treatment

• Chemical Injection• Laboratory Tests• Field Tests• Engineering Services • Provision of Chemicals• Local Storage &

Management

• Inspections• Surveys• Evaluations• Reporting• Medevac• Emergency

Evacuation Procedures

• Machineries• Vehicles• Workshops• Transport • Procurement• External Services

Distribution of Activities in 2015

2002-2015 Personnel Histogram

Updated April 2016

Principle Offices• Tehran• Ahwaz

• Kish

• Assaluyeh

Project Offices• Darquain

• Yadavaran

• West Karoon Unit

• North Azadegan

• South Azadegan

• Jufeir• Assaluyeh (SP Office)

Tehran

Ahwaz

Assaluyeh

Kish

DarquainYadavaran

North & South Azadegan

Jufier

SP Office

West Karoon Unit

Business Opportunities

Priorities of Ministry of PetroleumIran’s Ministry of Petroleum is focused on immediate development of ‘shared’ brown oil

and gas fields mostly concentrated along Iran/Iraq boarder and offshore gas reserves

shared with Qatar and Persian Gulf States. These include the following areas:

• Oilfields to the West of Karun River

• Other onshore fields

• South Pars gas fields

• Other offshore shared fields

Based on the above, IOID’s short and medium term plans are to focus on the oil and gas

fields in the West Karun and South Pars areas and provision of services to the IOC’s and

their contractors involved with these projects.

Border Oilfields

Border Gas fields

West Karun Projects

NORTHAZADEGAN

75,000

SOUTHAZADEGANEPS 20,000

Phase I 320,000Phase II 250,000

IRAN/IRAQ BORDER

NOT IN SCALE INDICATIVE

ONLY

YADAVARANFULL PRODUCTION

Phase I 85,000Phase II 180,000

JUFEIR6,000

North YARAN30,000

South YARAN60,000

DARQUAINPHASES 1&2 160,000

YADAEPS 50,000VARAN

DARQUAINPHASE 3(FUTURE)

KHORAMSHAHRKHUZESTANPROVINCE

The oil production from West Karoon River oilfields is expected to reach over 1,000,000 bpd. This is the present status:

Darquain (Phases I&II) – 165,000 bpd - Completed by Eni

Yadavaran – (phase I) – 85,000 bpd – Under Development by SINOPEC

North Azadegan – 75,000 - Under development by CNPCI

South Azadegan – (EPS) 20,000 – Completed by CNPCI (Contract was terminated by NIOC). Currently NIOC is directly involved in drilling of wells. Presently, 16 rigs are operating to drill development wells for the first phase.

North Yaran – 30,000 bpd- Under development by Persia Oil & Gas Co.

South Yaran – 75,000 bpd- Under development by Persia Oil & Gas Co.

AHWAZKHUZESTANPROVINCE

South Pars Gas field

Providing Services to South Pars Projects Provision of maintenance and repair services to the operating platforms.

At the present time phases 1 to 10 including 11 well/production platforms are operational.

Provision of Pre-Commissioning, Commissioning and Start up services to the platforms

under construction.

At the present time, the platforms for phases 19, 20 & 21 are under construction.

Provision of specific engineering services

Provision of chemicals and related technical services

Provision of local/expatriates manpower services

Sales of equipment / spare parts

Ahwaz

Onshore Oilfields

Off-shore Oilfields

Off-shore Gas fields

Onshore Gas fields

NIOC’s Priorities

IOID’s Presence

HSE Commitment

IOID is fully committed to the performance of the

assigned projects in strict observance of HSE

regulations and International Management System

(IMS) in order to maintain accident free work

environments preventing harm to people, environment,

assets and company reputation. In addition, IOID is

cognizant of its social responsibilities and is compliant.

ISO 9001, OHSASS 18001, ISO 14001

IOID’s HSE record: The average Frequency Rate (FR) of accidents is 4 and Severity Rate (SR) is 1.24 day, for every 1,000,000 man-hours of project work.

Audited by TUV Nord June 2015

ISO Certificates

Sustainable growth through superior customer service, and commitment to deliverables.

AOGC

References

Company's Message

IOID is proud of its heritage and is ready to embrace the future challenges. IOID’s strength is built

on:

• Solid reputation

• Extensive market knowledge

• Qualified expertise and resources

• Dynamism and flexibility

• Transparency

• Extensive experience with international stakeholders

Our dynamic evolution, multidisciplinary approach and cultural compatibility with international

companies positions us at the forefront of Iran’s future developments.

Optimal Solutions Superior Results