HISTORY

SOCAR-AQS LLC was estab-lished as a joint venture by itsfounding partners, State OilCompany of AzerbaijanRepublic (SOCAR) andAbsheron Drilling Company(AQS):

The JV partner, SOCAR,brings over 160 years ofindustrial oil well drillingexperience to SOCAR-AQS

The JV partner, AQS,brings advanced drillingtechnologies and newmanagement methodsto SOCAR-AQS

VALUES THAT

UNITE US

SOCAR-AQS is a value-based company and ourvalue pillars are:

Safety Quality Integrity Novelty Frugality

SERVICES

Scope of SOCAR-AQS services:

Well design and planning Drilling of oil and gas

wells Drilling of directionally

deviated wells Drilling of horizontal

wells Well completion Well workover Sidetracking Drilling of multilateral

wells

HSE

HSE stands at the core ofeverything we do:

We believe that it is possi-ble to live and work withoutincident or accident everyday, every hour and everymoment in any given year

We, as a company, do every-thing to preserve and improveecological balance in our naturalenvironment

OPERATIONS

Currently, SOCAR-AQS drillsand delivers oil and gas wellsin the Caspian Sea with 3drilling rigs. Our client isAzneft Production Unit ofSOCAR.

PERSONNEL

SOCAR-AQS considers itspersonnel as its main asset.We invest in our employeesand strongly believe that ouremployees will be the key fac-tor in developing SOCAR-AQSinto a world-class drilling serv-ices company.