South Sudan Oil and Power 2018Juba Republic of South Sudan

22nd November 2018

Greater Pioneer Operating Co. Ltd

2018 Greater Pioneer Operating Co. Ltd. All rights reserved. No part of this document may be reproduced,stored in a retrieval system or transmitted in any form or by any means (electronic, mechanical, photocopying,recording or otherwise) without the permission of the copyright owner.

q GPOC Establishmentq Block 1/2/4 Business Dimensionq Board of Directors q GPOC Management Committeeq Key Agreements Governing Petroleum Operationsq Production Resumption Achievementsq Local Community Programq Moving Forward

Presentation Outlines

1st May 2012 official

notification

Key Milestones in GPOC Establishment

(Operator)

GPOC registered on 26 April 2012

Joint Operating Company Legal Register

BLOCK1AContractArea:7,173sq.kmRelinquishedArea:2,717sq.kmRetainArea:4,456sq.kmEPSASigned:29th Nov1996EPSAExpiry :28th Nov2021

BLOCK1BContractArea:154.88sq.kmEPSA Signed:29th Nov1996EPSAExpiry :28th Nov2021

BLOCK4SContract Area:11,441sq.kmEPSASigned :29th Nov1996EPSA Expiry:28th Dec2021

§ Block1Aand1B• Exploration,Development, Production• 4 clusters inBlock1AnamelyToma South,ElNar, ElToor andGreaterMunga.• 1clusterinBlock1BnamelyGreaterUnity.GreaterUnityandTalih consists of21faultblocks.

§ Block4(South)• Exploration Phase• 2discovery: Kaikang-1andLol-1,Lowak-1(P&A)

Joint Operatorship (GPOC)•CINL 40 % •PCNL 30 % •ONGBV 25 % •NILEPET 5 %

BLOCK 1, 2 & 4 Business Dimension

Board of Directors

Liu Yingcai Janin Girie Pasala Krishna Rao Dr. Chol Deng Thon Abel

RakeshKumarGM

Exploration&Development

AndrewStephenObekPlanningManager

AngeloCholVicePresident

ChenYongGM

Commercial&Services

Management Committee

AcholMajokDeputyGM

Commercial&Services

GuoXinwenPresident

Key Agreements Governing Petroleum Operations

Exploration &ProductionSharingAgreement

(EPSA)1March1997

Agreement onOilRelatedMatters

(AoREM)27September2012

Joint OperatingAgreement

(JOA)1October2012

Block1 2&4TransitionAgreement

(Block1,2&4TA)13January2012

Joint OperatingCompanyShareholdersAgreement

(JOCSA)16March2012

ThePetroleumAct6July2012

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Our VisionTo be a pioneering oil & gas organization,addingvalue to stakeholders in South Sudan

. Our MissionTo create stakeholders’ value by deliveringoutstanding operating and financial results,building a culture committed to bestpractices, sustainable production,environment awareness and communitydevelopment

Our Core Values

CommitmentOptimism, supportiveness, openmindedand

sustainarobustmanagementsystem.Respect

Diversity,culture,collaborativeworkculture,respectandtrusteachotheraswecarryoutour

rolesandresponsibilities.

IntegrityHonestwithothersandourselves, safeguardthe

organizationandassets.

Strong Work EthicsAccountability, compliance, improvementand

performance.

Professionalism & StewardshipQuality&safepractices,accountability,protecthealthandenvironment andmaintainhigh

standardsforethicalconduct.

GPOC’s Vision, Mission and Core Values

Block 1/2/4 Production Resumption Achievements in 2018

Fast Track Resumption of Toma South

16th – 18th Aug 25th Aug

1st crude flow from Toma South to HegligCPF

15th Sept

Production from 13 Wells in Toma South

3rd Nov3rd Jul

1st crude lifting.

1-3rd Dec

GPOC Production Team mobilized to Toma South

13th Jul

1st crude flow to PS1 to SCOTS and Marine Terminal.

10th Sept

Restoration works at Toma South

31st Aug

Production from 7 wells in Toma South

1. EPSA/TA Addendum signed by MOP and Partners

2. Total Fee Agreement

25-AUG-2018

15-SEPT-2018

20-AUG-2018

01-SEPT-2018

ResumeProduction fromToma SouthofficiatedbyHonorableMinistersofMOPandMOPG

PartnersVisittogetherwithGPOCand2BOPCO

ExportcommencefromNCPF,Heglig toPortSudan

Toma SouthFacilitiesunderrepair

Block 1/2/4 Production Resumption Milestone Achievements

LocalCommunityProgram

JOKNYANGBOREHOLENO.(1)INWANGKAIPAYAM– MAYOMCOUNTY

WUNAMIETHBOREHOLENO.(7)INPANYANGPAYAM– ABIEMNOMCOUNTY

Water

Education

HealthGPOC's Community Development programs embarks mainly on the

provision and development of clean drinking water, Health Support Services, Education support programs as well as

capacity building programs, road construction and agriculture

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Moving Forward

• Production resumption ofUnityfieldandremaining fields• SafeandSustainableProductionOperations• Continuous engagementwithcommunitiesnearGPOCoilfields• Continue tocreatevaluestothestakeholders• Firstliftingon1st to3rd December2018

Thank You