Aminex Petroleum, Egypt LTD Contract No. WEEM-OPS-001-14 Contract For Provision of Mud Material and Services Inquiry No. WEEM-OPS-001-14 West Esh El Mallaha Concession Between Aminex petroleum Egypt Co & Pico Petroleum Services & Investment (PPS) Eastern Desert Egypt July, 2014.Aminex Petroleum, Egypt LTD Contents ARTICLE 1. SCOPE OF WORK ARTICLE 2. TERM. ARTICLE 3. CONTRACTOR’s OBLIGATIONS. ARTICLE 4. COMPANY’s OBLIGATIONS... ARTICLE 5. CONTRACTOR'S PERFORMANCE ARTICLE 6 FORCE MAJEURE. : anes s = ARTICLE 7 TAXES, VISA AND WORK PERMITS, CUSTOMS DUTIES AND SOCIAL INSURANCE, pene aera a 2 ‘A- TAXES, E B- VISA AND WORK PERMITS, C- CUSTOMS DUTIES.. D. SOCIAL INSURANCE. _ ARTICLE 8 LAWS AND REGULATIONS TO BE OBSERVED ARTICLE 9. PAYMEN’ ae ‘ ARTICLE 10, SETTLEMENT OF DISPUTES AND GOVERNING LAW. ARTICLE 11. CONFIDENTIAL NATURE OF RECORDS... ARTICLE 12 INSURANCE AND INDEMNITY AGREEMEN’ As INSURANCE wn : B- INDEMNITY AGREEMENT. . ARTICLE 13. RELATIONSHIP OF THE PARTIES... ARTICLE 14 ASSIGNMENT. - ARTICLE 15 CONSEQUENTIAL DA! ARTICLE 16 NOTICES, EXHIBIT "A": INSURANCE. 1- SOCIAL INSURANCE... : ‘ : 2-WORKMEN’s COMPENSATION INCLUDING OCCUPATIONAL DISEASE AND. EMPLOYER's LIABILITY INSURANCE FOR EMPLOYEES .. : u 3-WORKMEN'S COMPENSATION AND EMPLOYER'S LIABILITY INSURANCE FOR CONTRACTOR'S EMPLOYEES INCLUDING EGYPTIAN EMPLOYEES. 4- COMPREHENSIVE GENERAL LIABILITY INSURANCE. : 5- COMPREHENSIVE GENERAL AUTOMOBILE LIABILITY INSURANCE 6-SUBCONTRACTOR. 7- CERTIFICATES OF INSURANCE 8. WAIVER OF SUBROGATION. Exhibit B... E ‘Mud Engineer equipment & field Mud labora Exhibit C., : i Personnel Rate & Material list prices... FORM OF CONTRACT FOR SUPPLY OF MUD PRODUCTS AND SERVICES ‘ory Content. Free charge Contract No. WEEM-OPS-001-14 wnAminex Petroleum, Egypt LTD FORM OF CONTRACT FOR SUPPLY OF MUD PRODUCTS AND SERVICES Contract No. WEEM-OPS-001-14 This Contract made and entered into on the 20 day of July 2014 between AMINEX. (Hereinafter referred to as "COMPANY") whose office at 16 Farouk Amer st, Sheraton Heliopolis. Cairo, Egypt, and DFT ( PICO Energy) a company organized under the laws of -A.R. E. with its office located at 24 Wadi Elnil st 11431Maadi, Cairo, Egypt hereinafter referred to as "CONTRACTOR", ‘Witnesses Whereas CONTRACTOR is qualified to supply the required mud products and a mud services engineer {to mix, test and treat the mud system and, Whereas COMPANY desires CONTRACTOR to supply COMPANY with such mud products and mud services engineer. ‘Now, therefore, in consideration of the promises and covenants exchanged herein, the parties agree as follows: - ARTICLE 1. SCOPE OF WORK CONTRACTOR shall at his sole cost and expense supply the mud products on consignment basis as specified in Exhibit “C" (The “Mud Products”) and the mud services engineer to mix, test and treat the ‘mud system on board the rig(s) (the Services), as COMPANY may require from time to time for COMPANY’s drilling operations at West Esh Ei mallaha Concession and any other location that may be operated by COMPANY in Egypt (the “Site”). Company initial exploration program is to drill two ‘ells (one Firm + one optional in the said concession by the end of July, 2014. ARTICLE 2. TERM |. The primary ferm of this Contract shall be for a period of two years effective 20*July, 2014 2. COMPANY shall have the right to extend this Contract for an additional period of one year at the same rates, terms and conditions by sending to CONTRACTOR a written notice thirty (30) days in advance prior to the expiration date of the primary term, 3. COMPANY shall have the right to terminate this Contract at any time during its primary term or any ‘extension thereafter for unsatisfactory performance after giving CONTRACTOR written notice as Prescribed below in which COMPANY shall specify and detail the cause of its dissatisfaction. If in connection with any unsatisfactory performance, CONTRACTOR fails ot refuses to remedy, of commence to remedy and diligently carry out remedial measures for the matter complained of, within seven (7) days after said written notice is received by CONTRACTOR, COMPANY shall have the right to terminate this Contract in its entirety without any further obligations or legal proceedings whatsoever. 4. In all cases, COMPANY shall have the right to terminate this Contract in its entirety at any time uring its primary term or any extension thereafter by giving CONTRACTOR thirty- (30) day's advanee written notice. aX.Aminex Petroleum, Egypt LTD ARTICLE 3. CONTRACTOR’s OBLIGATIONS 1. CONTRACTOR shall supply the Mud Products in accordance with the API (American Petroleum Institute) and OCMA standards. The burden of proof of quality will be on CONTRACTOR'S ‘account through an independent laboratory analysis appointed by COMPANY. 2. CONTRACTOR shall be responsible for the determination of the maximum and minimum quantity of each item required to be stocked in CONTRACTOR’s storage facility (warehouse) in the Site. . The Mud Products shall be at all times the CONTRACTOR'S property until received by COMPANY. COMPANY will not be responsible or liable for stock amount and/or the unconsumed {quantity atthe end of this Contract termination or end of the well(s) or work program. 4, CONTRACTOR shall supply only the types and brands of Mud Products mentioned in (Exhibit “C™ Mud Products list). COMPANY will allow substitution product. However the substitution product will be accepted in case of non-availability of the existing Mud Products or due to product improvement. The acceptance will be after the necessary testing and formal approval by COMPANY. 5. CONTRACTOR will supply oil field laboratory mud testing equipment required to perform the daily tests required and its related chemicals, papers, reports forms and any other consumables Fequired to produce the required tests on his expenses As per Exhibit B. 6. The Mud Service Engineers provided by CONTRACTOR must have at least (7) years of rig ‘experience as mud engineers. COMPANY shall approve submitted resumes prior to working on the rig. CONTRACTOR shall provide a Mud Engineer supervisor in East North Esh El Mallaha Concession when required to check and assure the mud quality and operations consistency itrespective of the actual performance on weekly basis and/or when requested by the COMPANY. 7. The Mud Service Engineers once accepted by COMPANY shall not be replaced without COMPANY’s written consent, which consent shall not be unreasonably withheld, 8, The Mud Service Engineers shall perform the Services required hereunder in accordance with generally accepted good oilfield practices, including safety practices generally required by the industry and required by COMPANY’s safety rules and regulations, 9. CONTRACTOR will pay all travel expenses for its Mud Service Engineers between their point of origin and Cairo 10.CONTRACTOR shall bear all expenses of his Mud Service Engineers in Cairo, lodging and meals hile waiting to travel to the work Site, 11,CONTRACTOR shall provide, at its expense, all carnage and transportation for the Mud Products Provided hereinafter between the point of origin and CONTRACTOR's onshore warchouse at West Esh El Mallaha Field and/or other CONTRACTOR's onshore base(s) in Egypt as COMPANY may request, and / or the rig site 12. CONTRACTOR shall be fully responsible for providing, at his expense, transportation to ship the “Mad Products between CONTRACTOR's warehouse and the Site 13.CONTRACTOR undertakes not to remove or transfer from the Site the Mud Products without writen approval by COMPANY. 14.Upon termination or completion of this Contract, CONTRACTOR shall, a his expense, have the ‘Mud Products removed from the Site and shall return and bear the expenses, of returning the Mud Products tothe point of origin. ARTICLE 4. COMPANY’s OBLIGATIONS, 1, CONTRACTOR’s Mud Service Engineers may utilize COMPANY’s provided transportation (if available) between Cairo and the work site at no cost to CONTRACTOR. 2. COMPANY shall provide food and lodging for CONTRACTOR's Mud Service Engineers while performing the Services on the rig site. 3. COMPANY shall provide first aid medical care in rig site is required for CONTRACTOR's Mud Service Engincers at CONTRACTOR's cost and expense which will be invoiced by COMPANY to CONTRACTOR. It is expressfully understood and agreed by the parties hereto that said medical care is provided subject to CONTRACTOR’s indemnity under Article 13-B of this Contract. Contract No, WEEM-OPS-001-14Aminex Petroleum, Egypt LTD 4. COMPANY may, from time to time, direct CONTRACTOR to change stock quantities that are subject to drilling requirements and CONTRACTOR shall make the required adjustment to stock. 5. COMPANY has the right o sample and check any of CONTRACTOR’s products at any time during ‘the duration of this Contract or any extension thereafter. ARTICLE 5. CONTRACTOR'S PERFORMANCE CONTRACTOR’s performance will be monitored by COMPANY Cairo office drilling personnel and will be evaluated on the following parameters: CONTRACTOR will be required to submit a drilling uid program with the estimated product consumption prior to commencement to drill the well. The program will recommend drilling fluid Property specifications as well as document related offset well information and cost per foot/cost per barrel data b. Drilling fui cost per foot and cost per barrel achieved on the well will be compared with recent similar wells and results achieved by competitors in the same field or area, Total drilling cost, efficiencies and problems for the well will also be considered into the evaluation, © CONTRACTOR’s recommended drilling fluid program and product consumption submitted prior to drilling the well will be evaluated and compared to the results documented on the post well analysis. 4. The post well drilling fluid recap will be carried out and submitted by CONTRACTOR to COMPANY within one week after completing the well and evaluated for presentation format, content and recommendations. ARTICLE 6 FORCE MAJEURE Ifeither party hereto is prevented or hindered or delayed from performing its duties hereunder asa result of force majeure, such non-performance shall not be considered a breach of this Contract for the duration of such foree majeure. The term force majeure as used herein shall means acts of God, war, civil disturbances, strikes, orders, decisions or measures of local governmental authorities of whatever nature or denomination, or any other event which is unpredictable and outside the control of the parties hereto In case of force majeure the parties shall use their best efforts to remedy the situation to the extent Possible. Notwithstanding the foregoing, CONTRACTOR agrees to demobilize his personnel during the force majeure period as soon as feasible at its cost. ARTICLE 7 TAXES, VISA AND WORK PERMITS, CUSTOMS DUTIES AND SOCIAL INSURANCE. A- TAXES |. All taxes Gincluding, without limitation, income taxes) imposed by Egyptian law upon CONTRACTOR in connection with its performance under this Contract will be CONTRACTOR’s own liability. CONTRACTOR will be responsible for settlement of all taxes on CONTRACTOR'S income hereunder and on income of CONTRACTOR’s personnel supplied hereunder. CONTRACTOR will hold COMPANY harmless from any loss, cost, damage or expense arising, from CONTRACTOR’ failure to pay its taxes when due. Contract No. WEEM-OPS-001-14Aminex Petroleum, Egypt LTD Contract No. WEEM-OPS-001-14 2. COMPANY shall have the right to withhold amounts required according to the local laws from sums due to CONTRACTOR under this Contract and pay such amounts to the Taxation Authority in the name of CONTRACTOR. 3. CONTRACTOR shall submit to COMPANY prior to the commencement of the primary period and ‘yearly thereafter, a copy of its tax card indicating the last tax declaration submitted to the Taxation Authority. If CONTRACTOR fails to fulfil such obligation, COMPANY will be entitled to stop ‘any payment due to CONTRACTOR until such time as said copy is produced. 4, CONTRACTOR shall not invoice COMPANY for any sales taxes with respect to any materials or Services provided under this Contract since COMPANY is exempted from sales tax according to the law number (15) for the year 1976, B- VISA AND WORK PERMITS. CONTRACTOR shall obtain at his cost and expense visa, work and residence permits required for its expatriate staff. CONTRACTOR will insure that all such visa and permit requirements are attended to in accordance with the laws and regulations of the Arab Republic of Egypt as well as any ‘governmental authority having jurisdiction over the subject matter, CUSTOMS DUTIES. 1. Materials, equipment, supplies, tools and spare parts to be used ot incorporated in this Contract and. Which must be imported into the Arab Republic of Egypt by CONTRACTOR will be cligible for exemption from import and export duties imposed by the Arab Republic of Egypt in accordance with the petroleum concession Contracts pursuant to which COMPANY performs its operations, In order that all such imports shall be and remain so eligible, CONTRACTOR agrees that it will not {ake any action to import any materials, equipment, supplies, tools or spare parts into the Arab Republic of Egypt without firs notifying COMPANY and complying strictly with COMPANY’s instructions and procedure with respect to such imports. All customs clearing expenses in connection with the foregoing will be for CONTRACTOR’s account. In addition CONTRACTOR will be charged with fifteen (15) percent of said clearing expenses to cover COMPANY’s overhead administration charges if COMPANY clears any of CONTRACTOR’s materials through customs. CONTRACTOR understands that COMPANY’s procedure with respect to imports includes the requirement that all materials, equipment, supplies, tools and spare parts imported be used in the Arab Republic of Egypt only in connection with this Contract provided hereunder and CONTRACTOR agrees to so limit their use. Upon the completion or termination of this Contract, the remainder of such items will be retained by CONTRACTOR and exported. If CONTRACTOR elects to leave such items in Egypt, CONTRACTOR shall be responsible for securing necessary import permit (S) and for paying any applicable customs duties or taxes thereon 8s well as any relevant expenses, and CONTRACTOR shall hold COMPANY harmless from any fees, taxes, costs, expenses or duties in connection therewith 2. Within one month afer termination of this Contract, CONTRACTOR shall produce evidence to the satisfaction of COMPANY that all customs obligations mentioned above have been fulfilled (.e. that all such items have been exported or that the items have duty free status under another Contract or that customs duties have been paid by CONTRACTOR in respect of such items). If CONTRACTOR fails to produce such evidence, COMPANY shall be entitled to retain all amounts due to CONTRACTOR of shall be entitled to extend any leter of guarantee on hand until such time asthe evidence is produced,Aminex Petroleum, Egypt LTD All customs duties and charges incurred by CONTRACTOR and /or CONTRACTOR’s employees or CONTRACTOR’s subcontractors and/or their employees in connection with this Contract shall be for the account of CONTRACTOR. D. SOCIAL INSURANCE Social Insurance Contributions applicable to this Contract, as stipulated in the Arab Reput Social Insurance Law, Minist CONTRACTOR’s own liability, No payment will be made to CONTRACTOR unless it submits a social insurance certificate covering ‘the actual amount mentioned in each invoice presented to COMPANY. Payment of the final invoice(s) will be postponed until receiving the final social insurance certificate. ARTICLE 8 LAWS AND REGULATIONS TO BE OBSERVED lic of Egypt Orders and subsequent instructions and regulations, are the All applicable environmental, safety, labor, social insurance and tax laws, regulations, rules and decrees ‘of Egypt or any political subdivision thereof, will apply fo the performance of CONTRACTOR under this Contract in Egypt. CONTRACTOR shall indemnify and save harmless the COMPANY and its Principals, their respective affiliates, successor, assigns, or representatives against any claim or liability from or based on the violation of any such laws, regulations, deerees or the like in connection with or arising out of the performance of the Services whether such violation is claimed to have been by CONTRACTOR or by any ofits employees, agents, subcontractors or its subcontractor’ employees or agents ARTICLE 9. PAYMENT 1. CONTRACTOR will submit invoices to = Office address 16 Farouk Amer Street, 2" floor Sheraton Heliopolis Cairo ~ Egypt PH: 22688080 Fax: 22687000 2. Mud Product Prices shall be as specified in Exhibit "C” which is a part of this Contract. Payment of amounts due to CONTRACTOR under this Contract will be made by wire transfer for USS. Dollars due, subject to a deduction of $ 50.00 for wire transfer services and by check for Egyptian Pounds due, to the address indicated on CONTRACTOR’s invoices, within thirty (30) days after the presentation to COMPANY of correct invoices with work orders duly signed by COMPANY’ representative together with any required reports, 3. COMPANY shall pay the prices set out in Exhibit “C” for the Mud Products consumed in its drilling operations. CONTRACTOR shall submit invoices on a monthly basis attached with the ‘supporting documents duly signed by COMPANY’s authorized representative, 4. In the event COMPANY disputes an item billed, COMPANY shall within 30 days notify CONTRACTOR of the item under dispute specifying COMPANY's complaint and payment for such disputed item shall be withheld until settlement of the dispute, either by mutual Contract or in accordance with the provisions of Article 11 of this Contract. The undisputed amount, however, shall be paid without delay. Contract No. WEEM-OPS-001-14Aminex Petroleum, Egypt LTD Contract No. WEEM-OPS-001-14 5. CONTRACTOR's monthly invoices covering the supplies of Mud products shall be paid in full US. Dollars. 6. Payment of any invoice shall not prejudice the right of COMPANY to question the propriety of any charges therein, provided that COMPANY during the term of the Contract plus two (2) years afler termination of this Contract, shall make and deliver to CONTRACTOR written notice of ‘objection to any item or items the propriety of which it questions, specifying the reasons for such objection, Should COMPANY within the above mentioned period so notify CONTRACTOR, adjustments shall be made between the parties accordingly as the propriety or impropriety of such item may be determined, 7. CONTRACTOR shall maintain a complete and correct set of records pertaining to operations Under this Contract, including the performance hereof by CONTRACTOR. COMPANY, in order to verify that all terms and conditions of this Contract have been complied with, shall have the right to inspect and audit any and all of such records during the term of this Contract plus a period of two (Q) years after termination of the Contract, provided that CONTRACTOR shall have the right to exclude any trade secrets, formulas or processes from such inspection and audit. Should the results of any audit so require, appropriate adjustments or payments will be made by the parties. ARTICLE 10. SETTLEMENT OF DISPUTES AND GOVERNING LAW All disputes arising in connection with this Contract shall be settled under the Rules of Arbitration of the Cairo Regional Centre for International Commercial Arbitration by three arbitrators appointed in accordance with said Rules. The arbitration shall be held in Cairo, Egypt. The proceedings shall be conducted in the English language. The laws of The Arab Republic of Egypt shall govern this Contract. ARTICLE 11. CONFIDENTIAL NATURE OF RECORDS, Al records, data, reports and other information used in or obtained fom operations hereunder will belong to COMPANY. During and after the term hereof, CONTRACTOR will treat such items as confidential and will adopt and follow strict precautionary measures in handling them to avoid any third Party obtaining any data or information concerning the work done hereunder or the results thereof. ARTICLE 12 INSURANCE AND INDEMNITY AGREEMENT. A- INSURANCE CONTRACTOR shall procure and maintain, at his own expense, insurance coverage with reputable insurance companies as set forth in Exhibit "A", B- INDEMNITY AGREEMENT, CONTRACTOR shall bear all loss, expenses and damage in connection with and agree to defend, indemnify and save COMPANY and its principals, its and their afiliates, and the officers, employees, servants and agents of any of such parties harmless from all claims, demands, loss, expense, damages and or judgments for personal injury, including death at any time resulting therefore, sustained by any employee of CONTRACTOR or its subcontractor(s), or for any loss or damage to property of the CONTRACTOR or its subcontractor(s), whether or not arising out of or the performance this Contract, whether such injuries to persons or loss or damage to property are due or claimed to be due to anyAminex Petroleum, Egypt LTD Contract No. WEEM-OPS-001-14 negligence of COMPANY or its principals, their affiliates or the officers, employees, servants or agents of any of such parties, or any other person. CONTRACTOR shall bear all loss, expense and damage in connection with and agrees to defend, indemnify and save COMPANY and its principals, its and their affiliates, and the officers, employees, servants and agents of any of such parties harmless from all claims, demands, loss, expense, damages, ‘and/or judgments made, incurred or recovered by any third party because of personal injuries, including death, or damage to or loss of such third party's property resulting from the negligence of CONTRACTOR or its subcontractors or its or their employees. ARTICLE 13. RELATIONSHIP OF THE PARTIES CONTRACTOR is an independent contractor, and neither CONTRACTOR nor its employees, nor CONTRACTOR's sub-contractors or their employees, are agents or employees of COMPANY. The performance, operation, management and control of CONTRACTOR’s equipment and the method, ‘manner and means of performing the work will be under the sole direction and control of ‘CONTRACTOR, and will be carried out by CONTRACTOR's personnel with the primary purpose of performing all acts necessary to execute the work required by the COMPANY in a good workmanlike ‘manner and consistent with safety. It will be the duty of CONTRACTOR to supervise moving ‘operations and positioning as required by COMPANY, to determine by CONTRACTOR's own inspection that all cargo and items of equipment are loaded and stored in a proper manner, and that CONTRACTOR's equipment is in all respects prepared to undertake any contemplated operation under ‘the then existing conditions. However, the work contemplated herein shall meet the approval of COMPANY and be subject to general rights of inspection by COMPANY to insure the satisfactory completion thereof. ARTICLE 14 ASSIGNMENT Either party may assign this Contract to a financially responsible third party, subject to prior written, approval by the other party. ARTICLE 15 CONSEQUENTIAL DAMAGES In connection with this Contract and the Services performed hereunder, COMPANY and CONTRACTOR each waives any claims against the other, whether in contract, warranty, tort or otherwise for incidental or consequential damages of any kind including but not limited to those resulting from loss of revenue or profit, loss of production, reservoir loss or damage and downtime of facilites, regardless of negligence on the part of either the COMPANY or CONTRACTOR. ARTICLE 16 NOTICES Al notices shall be given in writing, and either delivered by hand or sent by telex or facsimile. All notices delivered by hand shall be deemed given, when delivered to the party to whom such notice is to be given and when sent by telex or facsimile shall be deemed given at the time of transmission. Any ‘such notice shall be addressed to the party for which itis intended at the following respective addresses: COMPANY Operations Manager Office address £F sbAminex Petroleum, Egypt LTD Contract No. WEEM-OPS-001-14 16 Farouk Amer Street, 2™ floor ‘Sheraton Heliopolis Cairo - Egypt PH: 22688080 Fax: 22687000 This Contract and the Exhibits hereto embody all the terms and conditions agreed upon between the Parties and both parties have caused this Contract to be executed on behalf ofthe parties hereto by their duly authorized representatives in Cairo. AMINEX PETROLEUM EGYPT LTD. PICO PETROLEUM SERVICES & Operations Manager ice ad 16 Farouk Amer Street, 2™ floor 24 ‘Sheraton Heliopolis, Cairo — Egypt. Cai PH: 22688080 - Fax: 22687000Aminex Petroleum, Egypt LTD Contract No. WEE! EXHIBIT "A": INSURANCE CONTRACTOR shall procure at CONTRACTOR’s expense and maintain in force with respect to and during all time while CONTRACTOR is performing the Services for COMPANY, the insurance policies described below with reliable insurance companies, satisfactory to COMPANY and with policy limits not Jess than those indicated. Moreover, CONTRACTOR shall be responsible and liable to COMPANY ‘according to the law and/or this Contract for any other indemnity instances as set forth herein involving ‘amounts not covered by such policies and/or by such policy limits. CONTRACTOR is to have stipulations incorporated in said insurance policies to the extent that CONTRACTOR’s underwriters agree that recovery of loss and damage claims to COMPANY’s property shall be directly paid to COMPANY by CONTRACTOR’s underwriters. The cost of the required insurance policies is inchuded in CONTRACTOR’s lump sum price or schedule of rates and charges. Any additional premium payaible during the performance of work under this Contract shall be for sole account of CONTRACTOR regardless of cause. Reasonable deductibles are acceptable but shall be for the account of CONTRACTOR. J- SOCIAL INSURANCE Covering all local employees according to local laws. 2-WORKMEN's COMPENSATION INCLUDING OCCUPATIONAL DISEASE AND EMPLOYER's LIABILITY INSURANCE FOR EMPLOYEES Each of the following coverage and employer's liability is subject to a limit of not less than $ 250,000 pper person. Coverage shall apply to U.S. Employees in accordance with the benefits afforded by the statutory Workmen's Compensation Acts applicable to the state, territory or district of hire, supervision ‘or place of accident with the benefits so provided extended by the attachment of the Voluntary ‘Workmen's Compensation Endorsement. 3-WORKMEN'S COMPENSATION AND EMPLOYER'S LIABILITY INSURANCE FOR CONTRACTOR'S EMPLOYEES INCLUDING EGYPTIAN EMPLOYEES Covering Employees for statutory benefits as set out and required by local law in the area of operation, ‘or area in which CONTRACTOR may become legally obligated to pay benefits. Employer's liability limit is $ 100,000 per person and shall apply also to Egyptian employees. 4- COMPREHENSIVE GENERAL LIABILITY INSURANCE Covering premises, operations, independent contractors and blanket contractual liability, including but not limited to the liabilities assumed under the indemnity agreement or any other indemnity clauses provided herein which are not covered by a specific insurance coverage stipulated in this Contract. This, policy shall cover loss or damage to any of COMPANY’s property resulting from the work performed under this Contract which property is placed or not placed in CONTRACTOR’s and/or its subcontractors, care, custody, control or being worked on, Policy limits will be not less than U.S. $ 500,000.00 per occurrence for bodily injury and property damage. 5- COMPREHENSIVE GENERAL AUTOMOBILE LIABILITY INSURANCE This policy should cover all owned, hired and non-owned vehicles. Coverage will be for:~ 1. Bodily injury in according to local law. 2. Property damage in the amount of L.E.10, 000. (Ten Thousand Egyptian pounds) 6-SUBCONTRACTOR CONTRACTOR shall require all of his subcontractors to provide such of the foregoing coverage as well as any other coverage that the CONTRACTOR may consider necessary and any deficiency in the coverage or policy limits of said subcontractors will be the sole responsibility of the CONTRACTOR. u BeAminex Petroleum, Egypt LTD 7- CERTIFICATES OF INSURANCE (A) Before commencing performance of this Contract, CONTRACTOR shall fuish COMPANY with certificates of insurance indicating:~ (1) Kinds and amounts of insurance as required herein, @) Insurance company or companies carrying the aforesaid coverage, ) Effective and expiration dates of policies, (4) That COMPANY will be given thirty (30) days written advance notice of any material change in any policy, (8) Waiver of subrogation endorsement has been attached to all policies, and (©) The territorial limits of all policies. (7) That the liabilities assumed under the indemnity agreement set forth herein are insured, (B) CONTRACTOR shall insure that Law 10 of 1981 conceming insurance and specially Article 81 thereof which provides that any person - whether physical or Legal - shall carry out any direct insurance related to its property or liability in Egypt through Egyptian insurance companies, i strictly complied with. (©) Inthe event CONTRACTOR or its insurer does not, within fifteen (15) days after the effeetive date of this Contract, provide COMPANY with certificates of insurance showing that insurance policies required by this Contract have been obtained and are in effect, COMPANY may, at its discretion, discontinue any payment due to CONTRACTOR under this Contract until such time as certificates of insurance are furnished to COMPANY. (D) Should there be a lapse in any insurance policy required to be carried by CONTRACTOR for any reason whatsoever, losses resulting therefore shall be forthe sole account of CONTRACTOR. (©) The insolvency, liquidation, bankruptcy, or failure of any insurance company providing coverage for CONTRACTOR or its subcontractors, or failure of any such insurance company to pay claims accruing, shall not be considered as waiving any of the provisions of this Contract, or affecting any obligation of the CONTRACTOR stated herein, or arising out of the operation of this Contract. 8- WAIVER OF SUBROGATION All insurance policies of CONTRACTOR with respect to the operations conducted under this Contract for COMPANY shall be endorsed in accordance with the following policy wording to waive all express ‘or implied rights of subrogation, “The insurers hereby waive their rights of subrogation against the ‘Aminex Petroleum Egypt Ltd. (COMPANY)'s any employee, agent or contractor of COMPANY and against any individual, firm or corporation for whom COMPANY may be acting.” 2 Contract No. WEEM-OPS-001-14Aminex Petroleum, Egypt LTD Exhibit B Contract No. WEEM-OPS-001-14 Mud Engineer equipment & field Mud laboratory Content- Free charge Mud Test aad < Qty | Unit | Comments Personnel Notebook |1 | pes Personnel | Personnel Printer 1 | pes IT Transformer & , 110 & 220 Volts with Stabilizer Pes 50 & 60 Hz ‘Ad papers 1 [box Mud Balance 2 | pes 1 pressurized, 1 none Mud March Funnel 1 pes Density & [Hamilton Beach 1 Viscosity | Mixer Lee Viscosity Cup 1 V-G Meter (with case) [1 pes Rhelogy [Thermometer 220F [2 | pcs Thermo Cup 1 pes ‘API Filter Press 1 pes HTHP Filter Press spares are o-rings ‘Complete (with ay pes and extra set of spares) valves Filtration [Thermometer 500F _|2 | pes Coz Cartridges 15 | box Filter Paper (3.5In. &65 ENG ‘ eee Sand [SandContentset 1 | pes Liquid & | Retort (60m) 1___|pes Solid | tet woo! 2 [ae | Centrifuge (hand 7 circular) lee Sodium Perchlorate {1 | 250ml Centrifuge tubes (10 Potassium | ml) Analysis 6 | pes skAminex Petroleum, Egypt LTD Contract No. WEEM-OPS-001-14 Equipment & - Mud Test | Resgbnts Qty | Unit | Comments Hot Plate 1__|ps Filter Paper (Item) [5 | poses Methylene | Whatman Blue Methylene Blue aig eaner Capacity | Solution (MBC) Hydrogen Peroxide H202 8%) amas (uo Sulfuric Aid 5N [1 | 250mi Chloride | ABNosS0l.0.282N [2 | 500ml ‘Analysis | ABNo3 Sol.0.0282N [1 | 250ml Potassium Chromate |2 | 60ml | Dropper bottle = ‘Add extra set of pH Meter (Digital) |1 pes ria ie | pHistrips 0-14/7-14 [1 | box PHE pH standard bottie/ba Alkalinity | solutions or pillows |} | g soe! PmPEMF | Sulfuric Acid 0.02N 2 |500mi (N/50) Methyl Orange 2 | 60mi Phenolphthalein [2 | 60ml EDTA (0.01Molar) 2 | 500ml Total (400mg/1) Hardness | Versenate Hardness (Ca++ & | Buffer Sol. aa ea My —— igt+) Calamagite Indicator | . Sol. — eeraonany | gies Calcium [NaOH 68.0N 2 [250ml ra 2 Caleon Or Calivar ll | |p tttes Ind Powder Pilot Test Balance 1 bottle Methyl Red 2__| bottles Silicate [HC10.2N 2__| bottles Analysis [HC12.0N 2__ | bottles aval Sodium Floride 2 | bottles Plastic Beaker 6 [pes Glycol | Refractomet Iyco (efractometer aaAminex Petroleum, Egypt LTD Contract No. WEEM-OPS-001-14 Mud Test eee G3 Qty | Unit Comments Hydrogen |GarrettGas Train [1 | Kit eh HGS test Kit 1 | kit Pipette 1.0 ml 5 | pes Pipette 2.0 mi 5 | pes Pipette 3.0 ml 3__| pes Pipette 5.0 ml 3 [pes Pipette 10.0 ml 3__| pes $ | Conical Flask 250mi_|3 | pes 2 [Conical Flask 500ml_|2 | pes & [Beaker 150 ml 3 |pa Graduated Cylinder = [tom 4 Senne g Graduated Cylinder | EB | 25m Be A Graduated Cylinder S| som a eral oa 5 Titration Dish 2 | pes § [Syringe 5.0ml 5 [pcs G__[ Syringe 10.0mi 5 | pcs PPT Heating Jacket_|1 | pes Complete PPT Cell_[1 | pes Spareo-rings(@ll | | oon sizes) [ Spare Valves, 1__|each Hydrolic Fluid 1 |1000mi fe E [Ceramic Disks 3 | box Timers 1__ [set & [Comtosion coupons [2 | Box QR | Turbidity meter 1 [set S& |tsiticoneGreace [2 | pes BZ [Lead shots 1__| bottle | Adjustablewrench [2 _| pes 3 a Q [Allenkeys 1__| pes SE 2 [Acetone 1__|250mi Ba | 100cP calibration a QE | suid red oot ya TNAminex Petroleum, Egypt LTD Contract No. WEEM-OPS-001-14 Exhibit C - Personnel Rate & Material list prices - South Malak-2 Cost per foot proposal Attached. ~/ eo Aminex Petroleum Egypt Ltd. Inquiry No. WEEM-OPS-001-14 FOR ‘The Provision of Mud Material and Services Commercial Bid Supplementary cost per foot proposal A, por These documents are highly confident Tender and should not be reprod PICO Petroleum Integrated Service: ORIGINAL June, 2014 My cag I? /4e ine aeReference No.: Tender No. WEEM-OPS-001-14 Cairo, June 11%, 2014 AMINEX oll Company, Egypt LTD 116 Farouk Amer Street, 2™ floor, Sheraton Heliopolis, Cairo-Egypt Secretary of Tender Committee \ lnvitation to Ten Provision of Mud Material and = jury No, WEE} ta st pe foot proposal Dear Sir, Reference to your fax dated June 10", 2014, PICO DFT Submit this supplementary cost per foot proposal for well South Malak-2. We are declaring that we are not only ready to serve YOUR COMPANY, but we can also achieve all required objectives assigned by your esteemed company. You are kindly requested to consider the undersigned as the focal point for communications with YOUR COMPANY during the tendering process. You are most welcomed to contact him at any convenient time of yours, should you require any more clarifications at this stage ofthe tender. We thank you for inviting us to bid and we look forward to be of service. best Reeds Mahmoud Satoh DFT Director PICO Energy Petroleum Integrated Services ra 27893445617 E160 4 Zo. $8 TOR Main Office: No.24, Wadi EI Nil Str. 11431 Maadi. Cairo, Egypt Branch : Kattameya, New Cairo, Cairo, Egypt [E-mail :mahmoud saleh@pico.com.eg senerev.com eiroloum Intograted Services Yor Mud Materials & Services ICO DFT (Driling Fluids Technology] Page tof.PICDencrsy Denne Fim Trane \ Invitation to T for the provis lud Material and Services Inquiry No. — WEEM-O! 1-14 Supplement Cost per foot Proposal Mud Wtin Cost US PI terval YP hase | Interval Type PPG Pv $/Ft Total Cost 121/4" | 35'to | Spud First Part| 1,71" | mud [89-88] 25-35 | ALAP | $1.03 | $1,609.35 121/4" ; second [177180] GeV/KCI ) oo95! 25 | aap | sae | $4385.80 Part 2,730' Mud 2,730' | NOFS.S 81/2" | to Kel |9.5-115] 30 | aLap | $3.89 | $32,080.26 10,961 | Polymer S42" | 2.7301 | NoF ss bh to Kel 9.5-11.5, 30 ALAP $4.37 $35,938.26 Bridging 2 10,961 | Polymer Materials—) = fear south Malik? arty a leur aie Spud ed her oe Nes Froese mye ReCang Stet Erg owl fom To roomy rare oy * som ava es syd oe cot 70) se o farsi oss cue NC (NIC ee cystee fastcang0 2 — net a) jan caing 0 ‘a0 frac Vcsiy Gripe as casing Dery = see wim? ay a aM now ES 7 PM noB op Chia E tyme? nes TED lice — ot Zot Zt Top chart er Vetine [ciogy ‘San Sabtayaete fans z Fragen fo fer orca Tar emer) Piston tances O08 07 tiecrt> en Vane = Mite Volume ‘ohne ow «wo a — Fer ia fring vtene won on eral cat sis sigmm — sama [enn vome lense sm mat isa faacvoume momo wt 7 so tao Pawn tetones aC siuo92s simmer saws is a Fro Prins nev om Ug ant sat Tew na = om ro fio tau ad Pt ptt tet | lec Ytane ee 7 forrser ae san locos 2 ae sn Joma or fact im am sy rrcatccata 2 sem as 3 2 ett Sole an = sem Gare 2 ® mia Ah aH = oo 2 ” for oe rn = om fem u 3 saw ort is = sm pest ie = sam frre tae = su Fa | | 4, 4 | | aave my) rail om te eotge Siw ok aHym os myva ova Rta sy Se) s/o es 8 Home ieee id one came 3 ‘ HP Fl ae 3/90 fs congoo esl fis cang 1235 cy Coe 8 1 | fis casing Depa xan ed |ccsing tm = au Fes i n 8 op one) pow? yh yan ine) seve fuser 5 Gh [ine Vets fans Tew op OF ne AY jureerD 9 a 0 linetD ee) fuze Votome oO mo fears = = rato sess stem ssms7 fun votome feon 88 ‘sur Hat ficevolone 1% feo i sa sina s14st—_|owntlolsLoues Sat Fron Previous neal sd Fom igs sd Pot sind 0 Net areal fracas va = isto Lig a Fane ace = fore ae wa 5¢ | Tybbl | Tally Tent forsee 1 00 s7250, cx F 20 05 000 fae 00 0 sors 50 1a fcc 100 05 500 hee. 10 ‘ms som Lak é 7 fosce 100 2 forreatoeata 210 05 200 esueesoas 218 5 sis oars 03, ” 2 DFT Repay = #000 Pac 5 S00 Jorrsta Ne 0 = som amt n a Pept Sta Ls 5 som fst aca Carona 290 a somFron 70 2 Tai fare aster Desert Fy fl ‘South Mak? [Raa St Sat CD fr [row sie 8Y2 ForCaing 7 eal (NC Kyl 116 cK 2s eft 159000 100 ee some ByVal od Fem Lig od Pane sud To Next nal a Ra Jorrcacess fesse an fous a 251 fore sip 15 ra race 3 Jorn Nt 5 fase race 6S ge tanh FT 5 ft Caen Cate enc iodo gud Pant sim 00 som sx aea ax x A Aminex Petroleum Egypt Ltd. Inquiry No. WEEM-OPS-001-14 FOR The Provision of Mud Material and Services Commercial Bid ORIGINAL bet fte!4F Oe snded only should not be reproduced or distributed without prior written consent of tum Integrated Services, PICO DFT (Drilling Fluids Technology) 23/4o June, 2014= Dauuine Fitios Tecso.oot Aminex Petroleum Egypt Ltd. Inquiry No. WEEM-OPS-001-14 FOR The Provision of Mud Material and Services Commercial Bid Table of Content ye These documents ae hey confer tis intended only or he sxcsve use fortis ‘Tender and should not be reproduced or distributed without prior written consent of June, 2014 osevcleum integrated Serves, CO OF (oiling Huds Techelogy es Ss é nh 2 5 24/40 aeDanse Table of Content Exhibit- Personnel Rate & Material List- Priced Product Commercial Evaluation List "Amines Petroleum Eaypt Lt. —- ‘Tender No. WEEM-OPS-001-14 for Mud! Materials & Services Page Loft b Orman, 25/4o acs ICO Petroleum Integrated Services PICO DFT (Oring Fiuds Technology) rf v PKae Dauuine Fuctos Tectsovooy Aminex Petroleum Egypt Ltd. Inquiry No. WEEM-OPS-001-14 FOR The Provision of Mud Material and Services Commercial Bid Section-t Commercial Cover Letter &B “These documents are highiy confidential. tis intended only for the exclusive use for this ‘Tender and shoulé not be reproduced or distributed without prior written consent of June, 2014 PICO Petroleum Integrated Services, PICO DFT (Drilling Fluids Technology}, EF 2 26/4o SaTender No. WEEM-OPS-001-14 Cairo, June 8", 2014 To: ——_AMIINEX Oil Company, Egypt LTD 16 Farouk Amer Street, 2" floor, Sheraton Heliopolis, Calro-Egypt ‘Attention: Secretary of Tender Committee Subject : Invitation to Tender for The Provision of Mud Material and Services (Unguiry No. WEEM-OPS-001-14 Dear Sit PICO DFT (Drilling Fluids Technology), a service line of PICO Petroleum Integrated Services, is an Egyptian Company with scope of work for supplying Drilling Fluids, Mud Products, Engineering Services and ‘Mud/Bulk Plants facilities together with chemically & mechanically Casing Cleaning Services. PICO DFT (Drilling Fluids Technology) would like to thank you for the invitation to the subjected tender. Based on our willingness to participate & enter this tender, we are delighted to submit this Commercial Offer for the subjected tender with your esteemed company. We; herein; confirm our acceptance to all the terms, annexes, sections, exhibits, articles, parts, appendices and schedules that are stated in the original tender documents and we have neither exceptions /qualifications nor comments to those documents. PICO DFT is declaring that YOUR COMPANY is most welcomed to audit, inspect, an ize itself with all the infrastructure and premises that belongs to PICO Petroleum Integrated Services (PICO DFT). We, also, confirm that our offer is valid for the period of 90 Days after the tender due date. We agree that the information contained within this tender and such other information transmitted orally of in writing as a result of this tender, is considered both confidential and/or the sole property of YOUR COMPANY and may n sed, published, or advertised in any manner COMPANY’s prior written consent, Pl is letter as a confirmation for our acceptance to keep stock of mud products at PICO DFT warehouse solely for YOUR COMPANY. Gs “Rminex Petroleum Eaypt td, PN ICO Petroleum Integrated Services ‘Tendor No.: WEEM-OPS-03-14 for Mud Materials & Services PICO DFT (Dring Fulds Technology) Page 1of2 ORE cons x ef Y 2tlde ot= Ye Dansave Fuctos Teasov0oy Finally, we are declaring that we are not only ready to serve YOUR COMPANY, but we can also achieve all required objectives assigned by your esteemed company, You are kindly requested to consider the undersigned as the focal point for communications with YOUR COMPANY during the tendering process. You are most welcomed to contact him at any convenient time of ‘yours, should you require any more clarifications at this stage of the tender. We thank you for inviting us to bid and we look forward to be of service. Best Regards Pesce Mahmoud Saleh DFT Director PICO Energy Petroleum Integrated Services Tel. £42042) 27593 445/6/7 Ext: 160 Mobile :-+20-10 0067 00 74 420-10 6 55 108 44 Main Office: No.24, Wadi EI Nil Ste, 11431 Maadi, Cairo, Egypt. Branch: Kattameya, New Cairo, Cairo, Beypt E-mail: mahmoud saleh’@pico.com.es Web Site: wwnw.picoenergy.com Tenn Patrolour Eevee Fico Petoloum integrated Serves “Tender No. WEEM-OP5-001-14 for Mud Materils 8 Services an aan {Oring Fluids Technology) Page 20f2 © eco: eueney Oca trent ses NGPpauanc Furs Tecovocy Aminex Petroleum Egypt Ltd. Inquiry No. WEEM-OPS-001-14 FOR The Provision of Mud Material and Services Commercial Bid 2 Copy of Bid Bond yoduced or distributed without Fluids 7 June, 2014ye 36 QNB A cobbles ab £8680 €8687 OAL io) eed Bot sesigal- jgjll ean) Ssh 254 39324733 - 39324797 ‘oa AQ7BIBA nal pK rd le ae 154 €1Batal Ahmed Aboel Aziz St-Mohandessio Tek 33824797 - 93824733 Registration No. in CBE: 61/1978 Calroon 5) 6 / 2014 Por git Bid letter Of Guarantee No._200865/705/2014 gist ha a, wal Messrs / AMINEX PETROLEUM EGYPT LTD 16,FAROUK AMER ST. SHERATON HELIOPOLIS,CAIRO 11371-EGYPT with rference tothe tender of Messrs. PICO PETROLEUM INTEGRATED SERVICES Ba athe GBH 43 ROAD#6, Maadi, Cairo CONCERNING TENDER # WEEM-OPS.001-14 TENDER FOR THE PROVISION OF MUD MATERIALS &SERVICES we hereby undertake to hold at your disposal as provisional deposit, free of interest and payable in cash on your first demand and notwithstanding any contestation by the tenderers, the sum of USD 5000.00 Maximum Only Five Thousand US_Dollars This undertaking remains in force from 8 / 6 / 2014 until 7/9/2014 Consequently, any claim in respect thereof should be ASME sage SU pag) Gy GLa Hin A Uo eg ‘rade to us by The seventh of September year two thousand and fourteen ocx | 30x | 2000 atthe latest, Should we receive no claim from you by tte ih a lh i dn 4 Se that date, our lability will cease (ipso facto) and the yg gh al oe cd present Letter of Guarantee will definitely become null and void. please return to us this Letter of Guarantee on expiry dale for cancellation, Yours Faithfully MB 9 «BB aes op Sha al en ein (eB sel he J ty Sin lp ae A OOOH gle eal XXXHXXXXXKXIKKK taDD Sacked igi ie « a et AS ih Ny ol aa ia Ip ga [upon expiy date this LG fs considered automatically lcancelled whether original LG and its amendments are returnod to us or not en EY i a aS i A dase pati Dad Abel Ese] Ihe photocopies ofthis Guarantee ae considered las non - negotiable cops Ty Ses ET TAA Sl al [we hereby declare that we have not exceeded the limit given tous bythe Cental Bank of Eaypt with regard to the isulng of ettors of guarantees Taped aS Pe eed ET i) aa ak al gpa g al HY FOR QNB ALAHLI- SAW gd PT igh SHE OF 30/4o DOCUMENT AUTHENTIC Te fc of is document ak ar backround wih amar of Cla Natl Sars ALA go, nen ered oo ee iy esas tho cat tines AERATION OF FORGERY OF MHS DSCIMENT ACRIUN, AT Fee er ae scopes anon Surat I yo hare quater cba bi mur ne snort Gn Halon rw ALA ri pt apt nh ay usps Aparna yah Man nhc east lst on al saa hy sabe wg=e Daiuuine Furs Tecaxovocy Aminex Petroleum Egypt Ltd. Inquiry No. WEEM-OPS-001-14 FOR The Provision of Mud Material and Services PICO Petraleum Integrated Servi Commercial Bid Section-3 Exhibit-C Personnel Rate & Material List- Priced These documents are highly confide Tender and should not be reproduc June, 2014 AAminex Petroleum Egypt Ltd = Sy Inquiry No. WEEM-OPS-001-14 5 it C Personnel Rate & Material list prices (Group / Description [Product Name [Unie size [Unit Cost US: [WEIGHT CONTROL fi___[Barium Sulphate [prr-bar 50 Ke $5.75 [2 [Barium Sulphate. DFT-Bar i. Ton Big Bad] $172.50 f3____[Calcium Carbonate Calcium Carbonate F song $4.00 [Calcium Carbonate [Calcium Carbonate F Me (8) $80.00 [viScOsiFIERS: la___[APlarade Bentonite DFT-Gel (API) a5 Ke $2.47 [s wyoming Bentonite DET-Wyoming 00 tb $38.22 [é___[Clay Vscosifir attapulgite DFT Salt Gel asks $35.56 7___[Biopolymer IDFT-siopoly faskg $30.00 fe ____[Guar Gum [svar Gum skg $88.72 lo __}xco-POLYMER (No Substitive) Ixco POLYMER sKg $170.00, [API grade Bentonite DFT-Gel (AP) 1 mt (8.8) $98.80. [Ocma Bentonite [DFT-Gel (OCMAY asks $2.30 [Ocma Bentonite [DFT-Gel (OCMA) i me (8.8) $92.00 Purified Xanthan gum DFT Xanthan Gum 25Kg $135.00 [Commercial Chemicals [10 [Potassium Chloride 98% Kor s8% BO Ke $25.00 Potassium Chloride 98% KCL 98% 1 me (B8) $500.00 [71 [Potassium Hydroxide Potassium Hydroxide 25 Kg $45.00, [12 [Calcium Chloride 80% [calcium Chloride 80% 50 Kg $20.00 [13 [Calcium Chloride 973 [Calcium Chloride (95-98%) 150 Kg $25.00) fra [calcium Hydroxide lume 25 Ke $450 [5 |Special Sized caliurn carbonate [Special Sted Calclum Carbonate __|25 Kg $2.00 [special Sized calcium carbonate. [Special Sized Calclum Carbonate __|1 Mt (8.8) 380.00 fi6 [Citric Acid citric Acid 2s Kg. $115.00 [17 [Sodium Bicarbonate Soda Bicarb -powder 50 Ke. $40.00 [38 [Sodium Carbonate Soda Ash [50 Ke $26.00 1i9___|Sodium Chloride (99%) Sart 50 Ke $2.75 [20 [Sodium Chioridel 99% 6.8 Sait IM ton $55.00 [21 ____[Sodium Hydroxide [Caustic Soda 5 Ke $19.00, [LUBRICANTS-CORROSION INHIBTORS-SURFACTANT f22___ [Alcohol Base Defoamer [No Foam Ss GAL 3540.00 23___[Driling Detergent Driling Detergent 55 GAL $350.00 [24 [Corrosion inhibitor for Brines DFT-CorrB 55 GAL $650.00 [25 WBM Non Toxic Lubricant [DFT Lube Free: 5S GAL $780.55 [26 [Oxygen Scavenger DET-OSL S5GAL $865.22 la7___[zinc Carbonate zine Carbonate 25 Ke $80.00. 28 |Unsweighted spotting fluid for stuck pipe free |OFT-Spot 55 GAL $740.05, f29 [Weighted spotting lui for stuck pipe free ___[DFT-Spot W. 55 GAL $700.00 [THINNERS [30__[Chrome Free ignosulfonate DFT-CrL 25 Ke $34.00 [“Terrome tignosutfonate FTL 25 Ks $45.00 MK—& 7 [FLUID Loss REDUCERS [31 [High temperature fuld loss reducer [pFT Resin Bs Ke $45.00 fa2__[High temperature starch Pregel Starch HT 25 Ke $50.00 [33 [Non Fermenting potato starch [DFT “Starch NF. 25 ke $30.00. 4___[Pain ignite lugnite 25 Kg. $48.70 35 [Polyenionic Ceulose WW lpr Paci 50 tbs $40.00 [36 [Polyanionic Cellulose LV DFT Pac uv 50 bs $40.00 [37___[Polyanionic Cellulose R [DFT Pac A [50 Lbs. $85.00 [3 _[Polyanionic Cellulose [DFT Pac R 50 Lbs $85.00 [39___[Socium Carboxy methyi Cellulose WV leew 25 Ke. $35.00. [40 |Socium Carboxy methyl Cellulose HV lemenv 25 Ke $40.00 Pregelatinied starch ND Pre-Gel Starch So ubs $35.00 Gilsonite DFT-Gilsonite 25 Ke $48.17 [SHALE CONTROL j41___[General Purpose Ghycol [eiyeol @P [55 GAL 3550100 [az [PHPA Ory IDFI-PHPAD [25 kg $134.00 [a3__[PHPA Liquid [DFT-PHPAL 5 GAL $45.00, [aa [Water Dispersible Sulfonated Asphalt [Gilsonite WO 25 Ke 384.00 [LOST CIRCULATION MATERIALS Jas ___[Fibrous materials DFT-Seal (FMC) ox. 338.50 [as___[Ground Mica F/MC DFT-Mica (F.M.C) 2s ke $25.00 [a7 _|Celiulose Fiber Formation Seal F 5 ts $9.00 [as___[X-Link Polymer [oss Pil [50 Lbs: $180.00 [49 NUT PLUG F/M7e DFT Nut Plug (M/C) P25 Ke $25.00, [50 [High water loss siurry for lost cre (diesel M)___[Diasel M 50 Lbs $38.00 [cellulose Fiber Formation Seal M 25 Ubs $12.00 [calcium Garbonte ¢ [calcium Carbonte C 25 Ke. $2.30 [calcium Corbonte M [calcium Carbonte M SOK. $4.20 [Cellulose Fiber-Bridging [e-eridge F, M,C. 5 tbs $15.00 DIF Fluids (Non Damaging Fluids) [62___[Clarified Xanthan Gum. [DFT Xanthan Gum BS tbs $6136 [63____[Special starch derivative rege Starch HT 50 Lbs $45.45 [OTHERS 64 _ [Brine Viscosfier HEC 50 tbs $130.00 64 |Biocide JpFT cide 55 Gal $810.00 [copolymer beads ubragiide ILubraglide Beads 50 tbs $228.95 [Micronised Graphite Powder DPA 25 Kg $188.75, [ROP Enhancer DFT Lube NT 55 GAL $850.00 Non fonic Surfactant DFT Surt 55 gal/ar $1383.33 Non ionic Surfactant Rinse aid 55 gaV/ae $1,560.00Se = ea [Oibase wud [organophilic day pres Ske $68.00 [Primary Emulsifier [OFT Mul [55 gal/dr $650.00 [secondary Emule & Wetting Agent DFT-Con 55 gale $550.00, [Wetting Agent lorrwer ss ear | $550.00, tration Control Agent [DFr-Tone 5 Ke $60.50 Tow Shear Rheology Modifier rr-Mod 5s gevar | $750.00, Ol Sick Dispersant [oF Thin ss gavar | Suani.22 casing Wash(oil base cleaner] lprrsove 55 gavér [$1,300.00 [Workover & Completion Fluids Products aiend of polysaccharides, ulphonated polymer [Solukleen ots $2000 [Mixed alkaline earth metal oxides IMME 150 Lbs $270.00 Pure xanthan gum fort xanthan Gum ND D5 Ke $102.40 iyarocacbon resin solubridge 25 tos $128.50 MgO Magnesium Ode Ps ibs $123.86 Defoamer Defoar2 5 GAL $217.09 Pi stabilizer @ 250 deg FnermasalA 25 los $118.48 Sized Slt sized Sat BS Ke $26.86 [Corrosion inhibitor for Brines |DFT-Corr B 55 gal/dr_ $650.00 Corrosion inhibitor fr diling Fad [DFT Corr 55 gav/er | $1,20000 [Water Soluble Bridging Material Minture Bridgesal Ura 5 tbs /sx | $145.00 For severe Losses & gs Pugsaiae psibs /sx | $121.40 [Alkalinity Control [pi-butfer 25 tbs /sx [$115.00 Surfacant for easing Clearing DFT Such 55 Gal/or | $3,383.33 [complex lend of solvents DrTSoive iss Gat/or | $1,300.00, [Water Wetting Solution Rinse id 55 Gal/ or | $1,360.00 (Other Mud Materials & chemicals Description mew ait (Operating [Da iter unit Frwin ter oni Dav $750.00 IMob/Demob Fiter Unit Lob $2,000.06, Filtration Cartridges Pemicron $65.00 iteration Cartridges Is mieron $65.00 iteration Creridges [0 micron [$65.00 Fiteration Carwidges fs micron | $60.00 iteration Cartridges 20 micron | $60.00 iteration Cartridges 5 micron | $60.00 iteration Cartridges 50 micron | $55.00 iteration Cartridges 100 micron | $45.00 FiwinFiter Unit Engineer om 3300000 win Fiter Unit Engineer Assstant_[Day $200.00 [Mud Engineer Daily Rate $200.00 /Day hdd as 34/f4oDuwuisa Fucws Tecusovocy OY REO REICN, es Aminex Petroleum Egypt Ltd. Inquiry No, WEEM-OPS-001-14 FOR The Provision of Mud Material and Services Commercial Bid Section-4 Product Commercial Evaluation List These documents are highly confidential. tis intended only for the exclusive use for this Tender and should not be reproduced or distributed without prior written consent o June, 2014 PICO Petroleum Integrated Services, PICO DFT (Drilling Fluids Technology)ye Mud Company Ut re Products muscomoery Tieszets| any [Met romtrrceuss JORILL BAR |DFT-Bar 15 MT 109 $172.50 _| $18,802.50 niet perce (Oca) [awn | 27 —| $9200 | szsac0 [SODIUM CHLORIDE Salt, 1MT 225 $55.00 | $12,375.00 POTASSIUM GHONDE ec. wr [ss [$500.00 | $27 0000 ea.cumcanaonare szeo _ferselseescaitum | ayer | 30 | sanao | s2onoo CAUSTIC SODA. [Caustic Soda 55. 196 $19.00 $3,724.00 SODA ASH [Soda Ash_ 110 60 $26.00 $1,560.00 ISPERSE DFT-CFL 25 Ke 80 $34.00. $2,720.00 S001UM BEARBONATE seismic powder | —s0kg [10] seoan | st0.00 StaRcHNE DFT Sark 35xg [360 Sa0.00 | $10.80000 ecw jewcwv sig [ at | sas.00 | 395.0 ewcnv ewer nq | at | $40.00] 4540.00 ISTARCH HT |Pregel Starch HT 25 Kg 390 $50.00_| $19,500.00 Pac pr oct SOxg[ 765 | sa0.00_|$90.50000 [viscosifier DFT -Biopoly 25 KB. 189 | $90.00 | $17,010.00 STARCND reel Src sous [35 | $5.00 $1,225.00 [Calcium Carbonate [Calcium Carbonate F aMT 14 ‘$80.00 | $1,120.00 [CALCIUM CARBONATE/M. [Calcium Carbonte M. 50 Kg 64 $4.20 $268.80 [CALCIUM CARBONATE/C [Calcium Carbonte C 25 Kg 10 $2.30 $23.00 [FORMATION SEAL F_ [Formation Seal F 25 Lb 550. $9.00 $4,950.00 FORMATION SEAL Formatonsed' [2st | so sxzan_| $0000 Nak 36/42 nN ay eZDRULiNe Fitts TecisoLocr Aminex Petroleum Egypt Ltd Inquiry No. WEEM-OPS-001-14 FOR The Provision of Mud Material and Services Commercial Bid Section:5 (Vlalak-2 Mud Proposal r hese documents are highly confidential. tis inten \ded only for the exclusive use forth Tender and should not be repraduced or distributed without prior written consent June, 2014 PICO Petroleum Integrated Services, PICO DFT (Driling Fluids Technology) Ww 34/¢e Csey pe = tanec tine pest = 2 a ary oo a _ ame nee oa = aS ae aa oe i Sete — ave Moet ieee fem cm a cee = So bs Soe ae ee Nc are oe ae a I oe mae oe Bet we itn aS = ois See a a es eer 7 — =e a = = = t = ams i ee — poz 20 Tp C lity aaa a asad — a — 2 = = Sean a = Be psoas Ta peer = = = fe aed te ama exis” fata rn ee ss =r se cai peat stud From Previous neat Pi Err guid Mud Pant sind To Nest val ssc ka. 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Grit fess z a 152 » 20 » fae = me? » 2 t