kiri and company

KIRI AND COMPANYAPRIL 2021

KIRI PROFILE• Established in the year 2004. The company is situated in Barmer, Rajasthan• KIRI engaged in three different business related to Oil and Gas industry• Oil and Gas field support services• Leading manufacturer of steel frame portable bunkhouse units (Porta Cabins).• Catering services, manpower, vehicle hire, transportation.• Other oil and gas related services & Equipment supply with international Oil and Gas standards.

• Exploration and Production• KIRI holds 100% Participating Interest in Bhandut field• KIRI is the Operator of the block• Production from Bhandut field is expected in Q2 FY2021-22

• Drilling Rigs• In 2020, KIRI forayed into Oil and Gas drilling by acquiring three drilling rigs from Weatherford International• KIRI provides conventional Drilling, workover and completion services on standalone wells.

KIRI TEAMLEADERSHIP TEAM

Mr. Lalit Kiri – Chairman and Managing Director

Mr. Pawan Kiri- Director

Mr. Ramchand Khatri -Director

Mr. Vinay Rathi - CFO

Mr. Dilip Khatri – Financial Advisor

KIRI OILFIELD SUPPORT SERVICESKIRI SOLUTIONS

• As a turnkey engineering solution provider, we focus on understanding client’s specific problems & needs andwork with them to provide the best solutions.

• We offer a wide variety of Turnkey solutions.

• We have a specialized team of Engineers capable of executing such projects following all standards, codesand recommended procedures.

• All our Employees are qualified and experienced in their respective trade. Integrity, Teamwork & Excellence inperformance is the core values of all our employees.

• We maintain the quality and endeavor our best to provide service on time.

• We provide competent and cost effective drilling solutions to the Indian Oil & Gas industry

KIRI OILFIELD SUPPORT SERVICESPRODUCTS AND SERVICES LIST

• Camp including with Catering & all associated services).

• Wastewater Injection Pump Unit.

• LMP with setup and operation with Manpower.

• Bulk plant equipment’s with manpower

• Mud plant, storage tanks with manpower

• Mobile super-vac pumping unit

• Heating Unit with operation and manpower.

• Frac tanks, Acid & Mud storage tanks.

• Warehouses management with Manpower.

• Waste Management (Treatment, reprocess, recycle

disposal).

• All type of Bunkhouses

• METP for Wastewater Management.

• All types of Fire fighting and Safety equipment ranges.

• Diesel Generators capacity 10 KVA – 500 KVA and Air

compressors.

• Stone Crusher Materials and supply.

• Logistic Services and support – Crane, Hydra, Vacuum

tankers, Mud Tankers, Water Tanks, Storage Tankers,

Trailers, Forklifts, Truck etc.

KIRI OILFIELD SUPPORT SERVICESKEY CLIENTS

KIRI – EXPLORATION & PRODUCTION BUSINESSBHANDUT FIELD - OPERATOR

• KIRI has acquired Bhandut Field from the existing owners namely GSPC and Oilex Ltd.• KIRI holds 100% Participating Interest in Bhandut field and Operator of the block.

KIRI – EXPLORATION & PRODUCTION BUSINESSBHANDUT FIELD PSC TERMS

Current status of Bhandut #3 EPS and the way forward

Review and discussions on Third Party Reserve Estimation Report

Working Interest KIRI (100%)PSC Validity Sept-2029PSC Regime Pre-NELPOil Royalty and Cess Oil royalty at 12.5% & Cess at 20%Gas Royalty 10% of sales valueCost Recovery 100% of revenuesProfit Oil Share to Govt. Post profit petroleum regime

KIRI – EXPLORATION & PRODUCTION BUSINESSBHANDUT BLOCK HIGHLIGHTS

• Small acreage (6.1 sq. km.) with high potential

• 7 wells drilled to date

• Cumulative production of 200,000 bbls of oil as of March 31, 2020

• Low opex and past cost recovery pool available

• Attractive fiscal terms – low profit share to government

• GSA signed with a private company for entire gas production form Bhandut

• COSA signed off with IOC for Oil

BHANDUT BLOCK HIGHLIGHTSPROCESSING FACILITY

• Gas processing facility was commissioned on Dec-2015 and gas sales commenced from April-2016

• Gas processing facility has been designed for handling 2 MMscfd of gas 100 BOPD

• Oil processing facility is also available which can handle 100 BOPD

• 5 crude oil storage tanks having the capacity 688 KL

• Wastewater pit & Fresh water pits are available

• Sprinkler system has been installed for the natural evaporation of produced water

BHANDUT WORK PROGRAMKIRI PROPOSED WP (FY 2021-22)

Proposed Plan Units

Workovers 3 (BHT-3, BHT-5 & BHT-6 wells)

New Wells 2

• DGH (GoI) has approved WP&B for FY 2021-22 for amounting to 3.8 million USD

• DGH approved following work program

KIRI – EXPLORATION & PRODUCTIONSENIOR ADVISORS

Mr. Ved Prakash Mahawar- Executive management professional with 36 years of experience in Oil & Gas industry- Board of Governor, Acting Chairman of IIM Rohtak- Ex-director ONGC

Mr. Satish Chander Gupta- Senior executive professional with 37 years of experience in ONGC- Ex senior corporate advisor ONGC- Held various senior technical roles in his career at ONGC

Mr. Ashish Khare- Oil & Gas professional with 25 years experience in upstream & midstream sector- Rich and diverse experience spanning across Oil & Gas, Refinery, LNG, EOR, Marginal field development & steadystate Operation management.

KIRI EXPLORATION & PRODUCTIONTECHNICAL TEAM

Mr. Utpal Mandal – Project Manager Bhandut Field

Mr Abhishek Baghele – Drilling Engineer Bhandut Field

Mr Alpesh Gondalia – Reservoir Engineer Bhandut Field

Mr Madan Bhandari - Procurement and Supply Chain Management

KIRI - DRILLING RIGS BUSINESSINFO

• In 2020, KIRI forayed into Oil and Gas drilling by acquiring three drilling rigs fromWeatherford International

• KIRI provides conventional Drilling, workover and completion services on standalone wells.• Our fleet includes 1000 HP trailer mounted, fast moving rig which are ideal for both light

and heavy work• We continuously update our modern fleet of land drilling rigs through investment and

application of the latest technology.• Our rigs are equipped with the most advanced equipment available.• Our experienced drilling team makes KIRI the best choice for drilling and work over

projects.

KIRI - RIG FLEETRIG 806

• 1000 HP, VFD rig, NOV’s RAPID RIG, Cyberbase amphion rig with SSGD 250 Gear drive Drawworks, TDS 10RR


• 1000 HP, VFD rig, NOV’s RAPID RIG, Cyberbase amphion rig with SSGD 250 Gear drive Drawworks, TDS 10RR


• 750 HP, SCR rig, Precision made SUPER SINGLE fully automatic & slant drilling rig with NOV’s EDS auto driller

THANK YOU

kiri and company

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