profundo technologies ltd

Profundo Technologies Ltd.

Project Management and

Operational support

February 2014


Summary Introduction

• A registered Chinese company, headquartered at Shekou-Shenzhen, wholly owned by a Hong Kong registered entity.

• Company founded by technical, and operations specialists from Oil & Gas industry with a great depth of international experience:

China Brazil Africa Russia GOM

• Organization’s objectives:

i. Complete challenging oil and gas engineering projects

ii. Facilitate technology exchange between China and overseas technology companies

iii. Maintain a focus on HS&E and legal or regulatory compliance

• Approved by CNOOC Beijing and Shekou-Shenzhen Expat HR Departments to issue offshore work permits and residence visa for professional engineers and operations specialists.


What can we do?

• Areas of Expertise

– Project Management and Technical Staffing

– Drilling Operations and Well Planning

– Fracturing operations – design, analysis and on-site supervision

– Completions and Artificial Lift design

– Flow assurance and Process Modeling (Hysim and Olga)

– Asset Integrity Management and Materials Selection

– Operational Readiness Documentation and Commissioning Services

– Production Chemistry and Materials Selection


• Field Operations and Development Projects

– Application of Lessons Learned

• 24 years per consultant average experience based in China

– Feasibility, Based on Life of Field

• What makes sense based on the actual well and reservoir history

– Design and Integration Requirements

• From the reservoir, to well, to the production facility to export

What can we do?


Clients in China


Partners in China


Example Projects in ChinaHusky China•Prepared operators documentation for the Liwan deepwater gas project (11 volumes)•Development of deepwater Asset Integrity Management Program •Deepwater subsea pipeline commissioning team (contract awarded)

Newfield China •Completed Flow Assurance Study – subsea pipeline design•Developing and supporting procurement of electric submersible pumping (ESP) system•Drilling and Completions Program appraisal and verification•Well Testing Program Development and Management•Commissioning Management and Staff for LuFeng 7-2 platform (including arrangement of resident visas and offshore work permits)

Roc Oil •Materials selection and asset integrity management training program

ENI – Saipem •Supported procurement and delivery of pre-commissioning materials for Liwan deepwater pipeline


Professional Staffing Services

• Locating and qualifying experienced professional engineering and operations specialists

• Contracting the personnel directly and payment of compensation, benefits and relevant PRC taxes including social benefit payments

• Organizing travel and logistics to travel to the PRC or where needed

• Arrange the necessary visa including a work permit to in order for short term or long term residence in the PRC

• Organizing CNOOC approved offshore work permits including preparing the LOI

• Ensuring the presence of the candidate in the PRC complies with all regulations and legal requirements

• Provision of a valid “Fapiao” (Chinese invoice) for services

• Payment of all taxes to the Shenzhen region and Guangdong province authorities


• Multi-discipline engineering staff – mechanical, electrical, civil, structural

• Construction and Commissioning Managers – Lead Engineers

• Operations Supervisory Personnel

• QC/QA Supervisors and Inspectors

• MFL and Maintenance Pipeline Pigging Specialists

• Asset Integrity Management and Materials Selection Specialists

• Technical Documentation Specialists

• Materials Managers

• HS&E

• Third Party Technical Staff i.e. Engineers, ROV operators etc.

Staffing Positions


Case History – Commissioning Manager

i) Sunday October 20th

Candidate accepts position as Commissioning Manager

ii) Monday October 21st

Profundo sends personnel details to CNOOC Beijing

iii) Wednesday October 23rd

Profundo Receives approved work permit from CNOOC

New Commissioning Manager Arrives at Hong Kong (1st time)

iv) Thursday October 24th

Commissioning Manager Provided with Z visa and enters PRC (1st time)

v) Friday October 25th

Commissioning Manager starts work at client’s office

On November 15th this Manager received his permanent PRC resident visa


Work Permit Process• Profundo was provided a Technical Services Contract by Husky to provide

engineers and operations specialists.

• This “framework” agreement includes areas such as the subsea pipeline commissioning work.

• CNOOC approval from this framework agreement to hire staff will be extended to include ENI-Saipem staff – i.e. “blanket approval for a group is granted”

• The staff become Profundo employees in the PRC and subcontracted to Husky or its 3rd party suppliers as required.

• ENI-Saipem will not be required to be involved in the immigration process.

• The immigration process is expected to be completed in 3 weeks with the candidate starting work in the PRC after 5 days of notification of intent to enter the PRC.

• Husky will not be required to be involved in each immigration process once a Contract Project Summary is approved by their representative and CNOOC.


Offshore Work Permit Process Summary

• General service contract or blanket purchase order is awarded to Profundo describing a technical scope of work or project for example: Pipeline Commissioning Services.

• Husky’s legal representative or person with authority to execute contracts signs the Project Summary and organizes the signing by the Husky PIC and CNOOC representative assigned to their project.

• Profundo submits “approved” Project Summary to CNOOC Expat HR Department at Beijing.

• CNOOC Expat HR Beijing acknowledges receipt and confirms Profundo to fill positions included in the organization chart including ENI-Saipem personnel

• Profundo prepares a “Project Summary” referencing the contract and submits it to Saipem for review.


Example Pipeline Commissioning Project Organization

Lead Mechanical Engineers (2)

Lead Structure Engineers (2)

HS&E Engineers (2) Materials Operations Engineers (2)

Mechanical Engineers (3)

Marine Engineers (3)

QA/QC Engineers (2) Logistics Specialists (2)

Materials Transfer Specialists (2)

Commissioning Project Manager (1)

This example structure provides for a total of 21 positions approved by CNOOC to be filled by foreign candidates either selected by Saipem or Profundo. These positions may be filled on an as needed timeframe to support the project.


Staffing Resources

• Global Alliance Partners

• Partnered with two global recruiting firms to increase resource base:

• Earthstaff Specialist Energy Recruitment (UK)

• AWT International (Australia/Malaysia)


Staff Planning and Applicant Qualification Process

Identify Staffing Needs

Identify Staffing Needs

Identify Qualifications

Identify Qualifications

PSD or Alliance Partner

PSD or Alliance Partner

Application Screening

Application Screening

Two Interviews

Two Interviews

Presentation to Client

Presentation to Client

Offer of Employment

Offer of Employment

Negotiation and Contract

Negotiation and Contract


Value Proposition

Offering complete staffing solutions for offshore oil and gas facilities:

•Able to efficiently organize CNOOC approved offshore work permits and PRC visas for professional engineers and operations specialists.

•Process managed by a Chinese entity based in Shekou able to legally employ expatriate personnel.

•Company able to issue valid Fa Piao and meet taxation requirements.

•Will develop staffing plans from commissioning phase through to ongoing operations.

•A depth of staffing resources to fill challenging positions. Ongoing staffing projects such as staffing a combination drilling – production rig (LuFeng 7-2) operating in the South China Sea.

•Flexibility with respect to contracting services structure

profundo technologies ltd

Documents

operations specialists

olgaasset integrity

liwan deepwater gas

commissioning managers

oil gas industry

relevant prc taxes

chinese company

residence visa