8 10 From Deep in Seas to the Surface in Refineries. 14 Phases 20 & 21 (Ongoing) 32 Bandar Abbas Oil Refinery (Completed)

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1 building trust

2 4 6 OIEC; History of an Evolution HSE and Quality; First Priority 8 10 From Deep in Seas to the Surface in Refineries Willing to Be a Knowledge-based Corporation NGL 3100 (Ongoing) South Pars Gas Field Development 18 Azar Oil Field Development (Ongoing) 14 Phases 20 & 21 (Ongoing) 16 A Significant Role in Developing Shared Oil and Gas Fields 20 Shah Deniz Gas Field (completed) 34 Isfahan Lube Oil Complex (Completed) 38 Khorasan Petrochemical Complex (Completed) 32 Bandar Abbas Oil Refinery (Completed) 36 Tabriz Petrochemical Complex (completed) 22 Development of Soroush & Nowruz Oil Fields Subsidiaries 42 Energy Industries Engineering & Desigan (EIED) South Pars Phases 17 & 18 (ongoing) 28 The Leader in NGL Projects South Pars Phases 9 & 10 (Completed) 46 Kish Petroleum Engineering (KPE) 50 Persia Oil & Gas Drilling (POGD) 52 Saba Rig Providing (SRP) 44 Oil & Energy Industries Development (OEID) 48 Oil Industries Commissioning & Operation (OICO) 55 International Partners, Clients and Contractors

3 Introduction OIEC; History of an Evolution 4 Oil Industries Engineering and Construction (OIEC), incorporated in 1987, is a leading private, EPC contractor in Iran s oil, gas and petrochemical industries. Having completed about 450 million man-hours of work in more than 140 projects, mostly mega projects in recent years, OIEC is now capable of rendering a wide range of upstream and downstream services, from design and engineering throughprocurement, drilling, construction, commissioning and operation both onshore and offshore. Moreover, OIEC is now performing as a business developer and financier while some of its recent projects are in EPCF or Buyback forms. OIEC, with a project load of over 6 billion dollars and more than 2000 qualified personnel, by utilizing state-of-the-art technology and benefiting from professional subsidiaries, is now planning to expand its horizons to enter the regional markets as a world-class contractor. Establishment The beginning of Engineering Projects Bandar Abbas Refinery 1989 The beginning of Construction Projects Isfahan Lube Oil Complex 1996 Establishment of Energy Industries Engineering and Design (EIED) 1997 Establishment of Oil and Energy Industries Development (OEID) The beginning of EPC projects NGL Establishment of Kish Petroleum Engineering (KPE) Establishment of Persia Oil and Gas Drilling (POGD) The beginning of Mega Projects Era SPGD - Phases 9 & Established Presence in Mega Projects Era SPGD - Phases 17 & 18 The beginning of Offshore and Upstream Era SPGD -Phases 20 & 21 Establishment of Oil Industries Commissioning and Operation (OICO) The Beginning of Financing Era Azar Oil Field development (Buy-Back) NGL 3100 (EPCF) 2015 Establishment of Saba Rig Providing (SRP) 5

4 HSE and Quality HSE and Quality; First Priority At OIEC, it is recognized that excellence in HSE is essential to the success of our business. Also, we deeply believe in quality as a vital prerequisite for competing in today s global market so that we are committed to and implemented the latest worldwide standards and procedures in this field. Moreover, we consider all of HSEQ principles as our professional, national and social mandate. A promising achievement in our journey to be a world-class GC in HSE and quality was the record of 100 million man- hours of work with zero fatal accident in executing South Pars projects that has placed OIEC at the top of companies working in all phases of South Pars development mega projects. 6 7

5 HR, KM and Social Responsibility Willing to be a Knowledge-based Corporation Human Capital The true value of any company in a technology driven industry is its professionals. We are fully aware that the experience and knowledge of more than 2000 personnel, selected from the most qualified experts, is the basis of our success. Therefore, the empowerment and training of our people is a core value for us and is considered as the most beneficial investment of the company. A testament to this progressive approach is an annual 30 percent rate of growth in man-hours of training in recent years. All these endeavors and plans have led to significant achievements, such as gaining a high rank in prestigious national HR management audits and awards. Knowledge Management System We have recognized the importance and necessity of knowledge management in our world of professionalism and continuous development. Regarding our nature of activities which encompasses oil & gas mega projects, we have managed to d e s i g n and implement a knowledge management system Meanwhile, for comparing OIEC to and learning from global knowledge management best practices, we participated in Most Admired Knowledge Enterprise Award (MAKE) where OIEC was ranked 5th among Iranian companies in Socially Responsible As today s life and business are correlated concerns, OIEC is considering its responsibilities toward environment, people and society as a critical factor to be able to continue operating effectively. As an example, we believe that communicating with the people who are affected by our operations is of great importance. In this way we are capable of being.places where we operate. One of these engagements with local communities is the construction of schools in the affected areas. 8 9

6 Services and Projects From Deep in Seas to the Surface in Refineries Ongoing Projects NGL 3100 Azar Oil Field Development South Pars Gas Field Development - Phases 20 and 21 South Pars Gas Field Development - Phases 17 and 18 Major Completed Projects South Pars Gas Field Development - Phases 9 and 10 Sirri Island Gas Gathering and NGL Recovery NGL 1200 NGL 1300 NGL 1500 Design and Construction of Different Units of: Bandar Abbas Oil Refinery Isfahan Oil Refinery Shazand Oil Refinery Downstream Developing Onshore and Offshore fields and Upstream Services including: Exploration Studies Geology, Petro-physics and Geophysics MDP Preparation Reservoir Engineering Drilling Engineering and Operation Commissioning and Operation Upstream Projects management, Engineering, Procurement, Construction, Commissioning and Operation of: Oil and Gas Refineries NGL plants Petrochemical Plants Oil and Gas Pipelines Design and Construction of Different Units of: Shahid Tondgooyan Petrochemical Complex Amir Kabir Petrochemical Complex Tabriz Petrochemical Complex Khorasan Petrochemical Complex Marun Petrochemical Complex 6 Gas Compressor Stations on IGAT III S3 and S6 Gas Compressor Stations Karanje Parsi CS 600 and

7 Upstream-Offshore South Pars Gas Field Development South Pars Gas Field: The Largest in the World South Pars gas field is the largest independent gas reservoir in the world, situated in the Persian Gulf next to Qatar s North Dome. These fields together cover an area of 9,700 square kilometers, of which 3,700 square kilometers belong to Iran. The Iranian portion is estimated to contain more than 14 trillion cubic meters of gas, as well as some 18 billion barrels of gas condensates. South Pars gas field could satisfy global gas demand for more than 10 years by itself. It accounts for roughly 9% of the worlds and half of Iran s gas reserves. We are proud of our striking role in the development of such giant project, where we are involved in developing 6 phases: the EPC projects of phases 9, 10 onshore (completed) and the development of phases 17, 18, 20 and 21 (ongoing)

8 Upstream-Offshore Phases 20 & 21 (ongoing) 14 Development of South Pars phases 20 and 21 was awarded to OIEC both in onshore and offshore to produce 2 bscfd reservoir fluids by drilling 24 wells, installing 2 unmanned wellhead platforms and transferring the fluids to onshore refinery by two 32 subsea pipelines. The onshore facilities were developed on the basis of supplying treated lean gas to domestic network and ethane gas to nearby petrochemical complexes, LPG (propane and butane) for export and condensate for both export and domestic use. South Pars phases 20 & 21 is a significant mega gas project and OIEC is achieving unparalleled experience and capabilities through designing, constructing and managing such project in onshore and offshore, upstream and downstream. Location Client OIEC Scope Value Output Assalluyeh, Persian Gulf / Iran Pars Oil and Gas Company (POGC) Engineering (FEED and detailed design) Procurement (supply of the equipment and bulk items, procurement services) Construction (site preparation, plant construction and erection) Topside and subsea pipeline Drilling (production and appraisal wells) Commissioning (pre-commissioning, commissioning and start-up) 4.5 Billion USD Natural Gas: 50 million m 3 per day Stabilized Condensate: 80,000 barrels per day LPG: 1 million tons per year Ethane Gas: 1 million tons per year Sulfur: 400 tons per day 15

9 Upstream-Onshore A Significant Role in Developing Shared Oil and Gas Fields developing shared oil and gas fields is of national significance and it is an enormous achievement for OIEC to have a substantial role in developing Iranian shared oil and gas fields, because it is a proof for reliability and capabilities of the company as well as an opportunity to meet the social and national responsibilities

10 Upstream-Onshore Azar Oil Field Development (Ongoing) Azar structure is an asymmetric anticline located in the Anaran exploration block in the foreland basin of the Zagros fold and thrust belt along the Iran-Iraq border. Total length of the field (on top of Ilam Fm.) is more than 36.5 km including the extension in Iraq, approximately 13.5 km on the Iranian side. The development plan is designed to produce 65,000 BOPD of which 30,000 BOPD will be reached in the first stage (early production). The development plan totally consists of drilling 19 wells during 55 months as well as designing and constructing required surface facilities, separation units and transferring pipelines. A wholly owned subsidiary, Sarvak Azar Engineering and Development Company (SAED) was established to execute this project. Moreover, due to the buy-back nature of the contract, developing Azar oil field could undoubtedly be considered as a turning point in our professional evolution, because OIEC is experiencing a role beyond just being an EPC contractor. Location Client Scope Value Output Ilam / Iran Petroleum Engineering and Development Company ( PEDEC ) Drilling 19 wells Installing central processing facilities with capacity of 71,500 BOPD and gas transferring with capacity of 80 MMSCFD Construction of 130 km of 16 pipeline for oil transferring to Dehluran production unit Construction of 128 km of 16 pipeline for gas transferring to Dehluran (NGL 3100) Construction of 58 km of 16 pipeline for oil transferring from Dehluran to the beginning of Cheshmeh Khosh transferring line Construction of flow lines for 17 wells Construction of residential facilities 1.5 Billion Euro Crude Oil: 65,000 BOPD Gas: 71.5 MMSCFD 18 19

11 Upstream - Partnership with IOCs Shah Deniz Gas Field (completed) OIEC was the first private Iranian oil & gas company to participate in an overseas consortium. As a %10 stakeholder in Shah Deniz Gas Field Development, OIEC signed a PSA with the State Oil Company of Azerbaijan Republic (Socar) along with its six partners from six different continents. Later after the start of production phase, OIEC transferred its shares to Naftiran International Company (NICO). As the project progressed there were other changes to the makeup of stakeholders as well. Location Client Value Partners Products Description Caspian Sea/Azerbaijan Republic State Oil Company of Azerbaijan Republic (Socar) 1.6 Billion USD (Phase 1) BP: 25.5% Statoil: 25.5% Total: 10% SOCAR: 10% LUKOIL: 10% OIEC: 10% TPAO: 9% Natural Gas: 10 billion m 3 per year Stabilized Condensate: 50,000 barrels per day Seismic, 3D seismic acquisition Semi-submersible renovation Drilling (production and appraisal wells) Building a platform Topside and subsea pipeline Production Onshore and offshore facilities 20 21

12 Upstream - Partnership with IOCs Development of Soroush & Nowruz Oil Fields (completed) Soroush and Nowrouz are other fields in which OIEC as a ten percent shareholder has experienced partnership with international oil companies. Leading by Shell, the consortium was formed to produce 190,000 barrels per day of heavy crude from Soroush and Nowrouz oil field in Persian Gulf, Iran. Location Client Value Partners Products Description Soroush Oil Field (80 Km southwest of Khark Island) Nowruz Oil Field (Northwest of Persian Gulf, 50 Km north of Soroush Oil Field) National Iranian Oil Company (NIOC) 806 million USD Shell Exploration B.V: 70% JJI: 20% OIEC: 10% Crude oil: 190,000 barrels per day 3D seismic acquisition Reservoir development and management plans Drilling 10 oil wells and 2 water depletion wells in Soroush Oil Field Drilling 17 new oil wells in Nowruz Oil Field Topside and subsea pipeline Building 2 platforms Facilities design and construction Production 22 23

13 Downstream - Gas Refineries Location Client Partners OIEC Scope (Onshore) Value Output Assalluyeh, Persian Gulf / Iran Pars Oil and Gas Company (POGC) Industrial Development and Renovation Organization of Iran (IDRO) Iranian Offshore Engineering and Construction (IOEC) Engineering (basic and detailed design) Procurement (supply of the equipment and bulk items, procurement services) Construction (site preparation, plant construction and erection) 1.1 Billion USD Natural Gas: 50 million m 3 per day Stabilized Condensate: 80,000 barrels per day LPG: 2,900 tons per day Ethane Gas: 2,750 tons per day Sulfur: 400 tons per day South Pars Phases 17 & 18 (ongoing) The development of phases 17 and 18 of South Pars gas field was awarded to a consortium of OIEC, IDRO and IOEC, producing 50 million cubic meters of natural gas and 80,000 barrels of gas condensate per day. The onshore refinery was designed and constructed by OIEC and IDRO on the basis of supplying treated lean gas to domestic network and ethane gas to nearby petrochemical complex. OIEC portion is at completion stage and injection of treated gas with contract specification to IGAT pipeline has been successfully started

14 Downstream - Gas Refineries Location Client Partners OIEC Scope (Onshore) Value Output Assalluyeh, Persian Gulf / Iran Pars Oil and Gas Company (POGC) GS (South Korea)/Iranian Offshore Engineering and Construction Company (IOEC) Engineering (FEED and detailed design) Procurement (supply of the equipment and bulk items, procurement services) Construction (site preparation, plant construction and erection) Commissioning (pre-commissioning, commissioning and start-up) 1.4 Billion USD Natural Gas: 50 million m 3 per day Stabilized Condensate: 80,000 barrels per day LPG: 2,900 tons per day Ethane Gas: 2,750 tons per day Sulfur: 400 tons per day South Pars Phases 9 & 10 (Completed) The phases 9 and 10 of South Pars gas field are designed to produce 50 MMSCM/d of natural gas as well as gas condensate, ethane, butane and propane (LPG) and sulfur. Offshore facilities are two gas production platforms with 24 gas wells, two 32 subsea pipelines for transferring gas to the onshore refinery and two 4 pipelines for transferring glycol. OIEC as the first local contractor awarded an EPC project in South Pars gas field was involved and completed the onshore part of phases 9 & 10 in 2008 that is considered as the beginning of mega projects era for the company

15 Downstream - NGL Plants The Leader in NGL Projects Sirri Island Gas Gathering and NGL Recovery (Completed) Sirri Island is situated 72 kilometers off of Iranian coastal line south of Bandar Lengeh and 40 kilometers west of Abu Musa Island, covering an area of about 18 square kilometers. The Sirri NGL plant has been designed and constructed by OIEC and commissioned in The project also included new loading facilities for exporting of LPG and condensate on the existing jetty. Working in rigorous climate conditions of Sirri Island and overcoming related challenges has proved to be a valuable experience. Location Client OIEC Scope Value Output Sirri Island, Persian Gulf / Iran Iranian Offshore Oil Company (IOOC) Engineering (basic and detailed design) Procurement (supply of the equipment and bulk items, procurement services) Construction (site preparation, plant construction and erection) Commissioning (pre-commissioning, commissioning and start-up) 458 million USD Natural Gas: 3 million m 3 per day Condensate: 1340 barrels per day LPG: barrels per day Pentane: 1470 barrels per day 28 29

16 Downstream - NGL Plants NGL 3100 (Ongoing) As another significant project in NGL industry, NGL-3100 plant is being designed and constructed by OIEC near the oil production unit of Cheshmeh khosh, a town in Ilam Province. The project is defined to reach the optimal recovery of C2+ product from the associated gases of North Dezful oil fields that at present are being burnt causing both pollution and noticeable losses of gas revenues. This project includes a high pressure electrical power grid consisting of transmission lines and stations. It also includes feed and product pipelines. Location Client OIEC Scope Value Output Ilam / Iran Iranian Central Oil Fields Company (ICOFC) Engineering (basic design and detailed design) Procurement (supply of the equipment and bulk items, procurement services) Construction (site preparation, plant construction and erection) Commissioning (pre-commissioning, commissioning and start-up) 1.5 billion USD C2+: 46,000 barrels per day Stabilized Sour Condensate: 1180 barrels per day Sweet Gas: 2.2 million m 3 per day Sour Gas: 2.9 million m 3 per day OIEC has successfully completed NGL 1200, 1300, 1500, and Sirri plants and now is working on NGL 3100 Project 30 31

17 Downstream-Oil Refineries Bandar Abbas Oil Refinery (Completed) Location Client OIEC Scope Output Bandar Abbas / Iran National Iranian Oil Company (NIOC) Construction and installation Gasoline: 46,000 barrels per day Kerosene and Jet Fuel: 37,000 barrels per day Furnace Fuel: 67,000 barrels per day Gas Oil: 70,000 barrels per day Tar: 5000 barrels per day LPG: 7000 barrels per day Bandar Abbas Refinery, one of the largest in the Middle East with a refining capacity of more than 300,000 bpd, was constructed in an area of 7 square kilometers near the city of Bandar Abbas in southern Iran. The feed for the refinery is the heavy crude plus some condensate which is transferred from Sarkhoon gas treating plant. A part of production is exported, while the remaining is supplied to local markets in order to meet the demand of the southern parts of Iran, and moreover, the central regions, for which, the 450 km long 26 pipeline of Bandar Abbas-Rafsanjan is used

18 Downstream-Oil Refineries Isfahan Lube Oil Complex (Completed) Location Client OIEC Scope Output Isfahan / Iran National Iranian Oil Refining and Distribution Company (NIORDC) Construction and Commissioning Base Oil: 184,000 tons of per year The construction, erection and pre-commissioning of Isfahan Lube Oil Complex in vicinity of Isfahan Refinery was the first construction project undertaken by OIEC at its infancy. The project is also considered as a striking milestone in Iranian oil industry, because the successful completion of the project was a proof of capabilities of local contractors and OIEC at the top. The project consisted of construction of Furfural and MEK Dewaxing Units producing 184,000 tons of base oil per year. Other units such as Blending Unit, Can Manufacturing, Filling Unit, Tank Farm, Loading-Unloading Unit and a new Cooling Tower were also constructed as part of the complex. Meanwhile, to complete the project, it was necessary to make numerous Tie Ins to existing process and utility units of Isfahan Refinery which was executed during refinery operation

19 Downstream-Petrochemicals Tabriz Petrochemical Complex (completed) Location Client OIEC Scope Output OIEC was awarded the construction of Ethyl Benzene, Styrene Monomer and De-mineralized Water Plant of Tabriz Petrochemical Complex unique project which was sponsored by Technip of France. It was a challenging tight schedule project in terms of working in a multi-contractor site and having a reactor to be erected in pieces and welded at site which was the first of its kind in Iran and a constructive experience for OIEC to promote the company s capabilities for executing the projects in petrochemical industries

20 Downstream-Petrochemicals Khorasan Petrochemical Complex (Completed) Location Client OIEC Scope Output Bojnourd / Iran Khorasan Petrochemical Company (KHPC) Construction (erection of a 1500 tons per day urea plant, access bridge and associates) Ammonia: 330,000 tons per year Urea: 495,000 tons per year Melamine: 20,000 tons per year The construction of Khorasan Petrochemical Plant for KHPC under the license and supervision of Kellogg of UK was unique in terms of pouring a single monolithic concrete foundation for one of the Ammonia tanks just 7 weeks after the contract was awarded. Highly complicated piping in a 100 meter tall steel structure in a multi-contractor site with patented piping material from Stamicarbon was another challenge which was met by OIEC in this project. Adding to these challenges was the transportation and erection of the heavy 350 ton reactor. Finishing the project on time and within initial budget was the reward of precise planning and execution that was accomplished by OIEC s professional construction and project management team

21 Subsidiaries A Group of Experts; a Chain of Value building trust Energy Industries Engineering & Design Engineering and design, procurement, construction management in downstream Oil & Energy Industries Development Development of oil and gas fields and construction of subsurface facilities Kish Petroleum Engineering Reservoir engineering, preparation of MDP, engineering and management of drilling Oil Industries Commissioning & Operation Commissioning, operation and maintenance Persia Oil & Gas Drilling Operation Engineering, procurement and drilling operation Saba Rig Providing Providing onshore and offshore drilling rigs and crew 40 41

22 Subsidiaries Energy Industries Engineering & Design (EIED) Energy Industries Engineering and Design (EIED), founded in 1996, was initially formed as the engineering arm of OIEC to promote the knowledge and technology for design and engineering. Since then, the company has also gained a leading role in execution of projects of national significance in oil, gas and petrochemical industries and is known as one of the most capable EPC contractor especially in downstream projects. EIED provides a wide range of services for EPC projects including engineering and design, procurement, construction management and MC services to clients in accordance with state of the art technologies and management systems. EIED with over 700 highly qualified staff has developed into an advanced, quality and resultoriented company offering its services to both national and international clients to meet the twenty-first century technological challenges

23 Subsidiaries Oil & Energy Industries Development (OEID) Oil and Energy Industries Development (OEID) was established in 1997 as a subsidiary of OIEC. The company s core area of expertise is in upstream projects, including oil and gas exploration, field development and related upstream engineering services. Utilizing the world s latest technologies for the development of oil and gas fields, OEID is known for its advanced technology, high profile experience and result oriented professionalism. As a result, OEID has executed some of the most challenging projects in the Iranian upstream sector, including development of more than 20 onshore oil fields as well as several EPC projects in the field of well-head facilities, production units, desalting plants, gas compression and injection stations

24 Subsidiaries Kish Petroleum Engineering (KPE) Kish Petroleum Engineering (KPE), incorporated in 1999, is performing as the upstream engineering arm of OIEC. By forming an experienced group of professionals and high profile Iranian experts in the fields of geology, petrophysics, reservoir engineering, drilling engineering, production and surface facilities engineering, the company is now capable of rendering a wide range of services to upstream projects with the latest technology and know-how. KPE has a significant record of upstream projects including field studies, MDP preparation, drilling technical services and supervision and technical consultancy

25 Subsidiaries Oil Industries Commissioning & Operation (OICO) Oil Industries Commissioning and Operation (OICO) was incorporated in 2011 as the professional arm of OIEC to meet the increasing needs for an up-to-date, systematic and professional approach to lead pre-commissioning, commissioning and operation stages of a noticeable number of projects in the local and regional markets. Besides benefiting from the highest qualified experts, utilizing OPERCOM methodology and ICAPS (Integrated Commissioning and Progress System) software which is registered and developed by TOTAL, for managing and implementing pre-commissioning and commissioning activities, is considered as core competitive advantage of the company leading to acquire a considerable share of local market in recent years while planning to take part in overseas projects

26 Subsidiaries Persia Oil & Gas Drilling (POGD) Persia Oil and Gas Drilling (POGD) as one of the OIEC group companies in oil and gas upstream industries undertakes the drilling operations of onshore/offshore oil and gas wells along with related drilling services, logistics and procurement of equipment and materials. To achieve its long-term objectives in supplying necessary services in drilling industry at international standards, the company has been organized with a dynamic structure and up-to-date management systems. Furthermore, having an industrial yard at Qeshm Island, POGDC is capable of rendering a wide range of supportive and operational services to marine projects in the Persian Gulf region

27 Subsidiaries Saba Rig Providing (SRP) Saba Rig Providing (SRP) is one of the OIEC Group companies involved in upstream activities to provide different types of Drilling Rigs in terms of daily rate contracts. So far this company is the owner of two heavy land rigs (2000 HP) carrying out drilling in the intricate oilfields of NISOC

28 International Partners, Clients and Contractors 54 55

29 Oil Industries Engineering & Construction (OIEC) Address: 2 Pirooz St., South Kamranieh, Tehran, , Iran Telephone: Fax: oiec@oiecgroup.com Website: Address: 4, 2 th Koohestan St., Pasdaran, Tehran, , Iran Telephone: / Fax: info@eied.com / Website: Address: 20, Saba St, Nelson Mandela Blvd, Tehran, , Iran Telephone : / Fax: oeid@oeid.com Address: 12, 6 th Koohestan St., Pasdaran, Tehran, , Iran Telephone: / Fax: info@kpe.ir / Website: Address: 12, 6 th Koohestan St., Pasdaran, Tehran, , Iran Telephone: / Fax: info@oico.ir / Website: Address: 234, Taleghani St., Tehran, /18, Iran Telephone: / Fax: info@persiaq.com / Website: Address: 234, Taleghani St., Tehran, , Iran Telephone: / / Fax: info@sabarpco.com