History and Future Strategy of Oando slide image

History and Future Strategy of Oando

Strategy Strategic Rig Fleet Drilling rig fleet to support land and swamp production ramp up Oando 2015 Current Keep Swamp rig fleet active. Expand product offering in Drilling & Completions Services business • Execute a substantive MOU with an established international drilling company to jointly deploy additional drilling rigs 2017 Mid-Term Deploy first offshore rig through JV company Enter into more partnerships and jointly deploy additional drilling rigs Increase Drilling & Completions bits business market share • Divestment of up to 51% or potential listing 2019 Long-Term Enter into partnerships and jointly deploy deep-water drilling rigs Divestment of an additional 25% 26
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