United Energies Company Profile

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COMPANY PROFILE

UNITED ENERGIES, LLC UNITED ENERGIES HAS BEEN STRATEGICALLY POSITIONED TO ACHIEVE SUSTAINABLE COMPETITIVE ADVANTAGE TO ACHIEVE ITS VISION SINCE 1979.

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UNITED ENERGIES, LLC.

TABLE OF CONTENTS UNITED ENERGIES

03

OVERVIEW

24

COMPANY UPDATE

31

LIQUEFACTION PROJECTS UPDATE

36

MARKET UPDATE

40

FINANCIAL UPDATE

44

RIG OPERATIONS

49

FRACKING OPERATION /WEST TEXAS

58

FRACKING OPERATION / EQUIPMENT

59

PIPELINE CONSTRUCTION

60

RIG INVENTORY

105

SUBCONTRACTOR YARD / INVENTORY

113

PROJECTS

130

APPENDIX

141

CONTACT

146

UNITED ENERGIES, LLC.

UNITED ENERGIES

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UNITED ENERGIES, LLC.

OUR TEAM

CEO

Administration & HR

Operation Manager

Oil & Gas Manager

Business Development Manager

Commercial Manager

Admin Staf

Project Engineer

W/H & Work Shop Manager

M&E Officer

Procurement Team

Logistic Officer

HSE & QC Manager

Finance Manager

United Energies has a reliable and very dynamic workforce that we like to refer to as our strength.

This hardworking, reliable and dynamic workforce is

We have a qualified system for accessing key skills and

managed and controlled by a group of highly competent

experience to ensure that our staffs and consultants

men - engagement team with tonnes of experience in the

have significant and relevant experience relative to the

petroleum sector, giving our company an edge over others

job they are assigned. The company to ensure

in terms of productivity and service delivery to our

continuous professional development for our team

shareholders and clients respectively.

allocates significant resources to various unique training and development programs.

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UNITED ENERGIES, LLC.

ABOUT US United Energies for contracting, oil services and general transportation has been providing specialized in construction and support services in United States of America for over 20 years. United Energies is an indigenous company, we understand post-conflict enviroment challenges from a local perspective where business growth has developed significantly around the Oil and Gas industry. Our unique application and our ability to provide a 'Turn-Key' solution to the Oil & Gas industry, predominately in the All regions of the United States of America, has allowed United Energies to become a market leader in this sector. With a client portfolio to include some of the largest Oil & Gas sector company's, currently operational within The United States of America.

United Energies has evolved into a leading supplier of physical security, life support services, equipment rental, operational oversight, construction, installation, maintenance, transportation, procurement and supply of authentic materials, and many other logistical support elements in support of the Oil & Gas sector in United States of America. United Energies has the ability to provide not only construction, support services and equipment rental, but also on site physical security solutions through our partner Contact Consulting. This has allowed United Energies to support various industry leaders within the Oil & Gas sector by providing a turn key solution. Contact Consulting handles an array of services in terms of security protect management, manning, ongoing threat assessment, installation of T-walls, guarding towers, bunkers, specialist security lighting and the instillation of tech- cynical security solutions.

Core Values Excellence

Our Vision

Our Mission To create value for our partners through

To be recognized as the premier in indigenous Oil & Gas service provider driven

Professionalism

excellence and innovation

by excellence and innovation To be responsible partners with respect to safety

Innovation Corporate Responsibilty

and enviromental impact of all our operations and services

To run the company on a sustainable financial Socail Responsability

basis of profitable-growth

Integrity

To recruit, retain and reward a high-performance

Teamwork

Our Finance

OVERVIEW

workforce

According to Wikipedia, an annual report is a comprehensive report on a company's activities throughout the preceding year. Annual reports are intended to give shareholders and other interested people information.

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UNITED ENERGIES, LLC.

OUR SERVICES

Construction and Maintenance

Procurement and General Supply

Logistic and Transportation

United Energies has evolved into a market leader within the Oil & Gas

We understands the need for high quality products and materials.

United Energies is strategically located in United States of America

support services sector in southern America. Our extensive

United Energies offers a comprehensive procurement services such

where we can assist in not only providing our clients with the

experience was gained through the provision of rig and camp

as warehousing and distribution to companies operating in southern

necessary transportation and logistical support. We can also provide a

construction services to many of the largest Oil and Gas support

America. United Group for Oil & Gas can tailor make a procurement

key American local liaison to serve as an integral part of logistical

company's located in United States of America. United Energies for Oil

and general supply solution that is right for our client's needs. United

support for transportation services. United Energies for Oil & Gas can

& Gas experience has proven to be a cost effective solution to

Energies for Oil & Gas we pride ourselves on reaching international

offer the transportation of goods and materials from company bases

incorporate all of the necessary client requirements such as; physical

standards in all our areas of operations United Energies for Oil & Gas

or stores to the client. At United Energies for Oil & Gas we delivery

security elements, with construction , accommodation units, life

has worked to develop and establish networks with major

client materials in a timely and secure manner.

support equipment, and other critical equipment in a timely manner.

manufactures and suppliers to ensure the quality and authenticity of all products and materials we supply to our clients.

Environment Solution

Services and Life Support

Fuel Supply

United Energies understands the need for high quality life support in

As a leading supplier of logistical services in the south of America, United

United Energies can provide high quality fuel in accordance with our

United States of America. Our client base, predominately directly

Energies has an existing portfolio of equipment which is available to

clients requirements. Our fuel, tested prior to delivery to ensure we only

related to the Oil & Gas sector in United States of America, vary these

lease on a short and long term basis. United Energies for Oil & Gas can

provide the highest standard to our clients. Problematic fuel can cost

requirements and this has enabled United Energies for Oil & Gas to be

offer our clients equipment rental inclusive of our experienced operators

dearly, especially when considering the high value nature of equipment

flexible in our approach to both long and short term life support

to ensure that equipment is operated by experienced and qualified

within the Oil & Gas sector. United Energies fuel check and approved

requirements. As a well placed provider of logistical support services.

personnel, as well as achieving maximum productivity for our clients to

provider service policy ensures that all our fuel is high quality.

avoid additional and non essential expenditure.

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UNITED ENERGIES, LLC.

CONSTRUCTION AND MAINTENANCE

Our company had been established-since 1979 as contracting, industrial and trade bureau. We have performed different types of constructional, industrial projects as well as many trading and transportation. The current activities of our company are divided in the same actions and spreading along United States of America regions We have performed different types of constructional, industrial projects as well as many trading and transportation. We have an animal feed factory along with poultry farms. From there, we started getting involved in construction projects with the government. We built schools, telecommunication projects, government buildings, housing projects and we took the contract of building andconstruction streets and roads all over the Region. Then we built a Factory to produce flour in Erbil, and recently, one of Sarmand's branches handled transportation of goods between Turkey, China, UAE. USA and UK The latest project we did in Sarmand Company, were we got involved in this related to the Oil & Gas industry.

General Construction

Power Construction

Construction of Re Feeding Irrigation Canal including concrete

Construction of 4 Electrical substations in Heel Town, Kubaisa

frame bridge and Concrete mattress, in Hawija Town - Kirkuk

Town, Karakosh Town and laan Substation.

City.,on 1987.

Construction of Electrical Substation 33 KV as partner with Al-Bani Company in Erbil - Shadi Dist. This project started on 2009 and

Construction of 150 IDP hoses in Kifri Town. The houses

completed by November 20I0.

constructed for in 200I.

Construction of sewerage project with concrete pipes for Chwarta Town Sulaimaniyah Gty. Including all pipe routes connection with the residential district's units and Manholes.

Road Construction

Renovation & Rehabilitation

Construction of the road between Spelk - Khalifan Dist Length of

Rehabilitation of Bank of Baghdad.

the road: • 50.00 KM. -Width of the road: • I- Construction of 4

From: May 17 / 2014 - November 2015.

Electrical substations in Heel Town, KubaisaI 1.5 M. Cost of the project (17.50 Million USO).

The project works indude demolition of all the tiles, walls, electrical and sanitary items built before. The project of existing old building with 7 stories and our contract is for all the new rebuilt ding facade

Construction of the road of Saralu Mountain for Kirkuk

works with marble, new installation of electrical mechanical works

Oil Company in Kirkuk in Shwan District and for 12 KM.

as well as supplying of the new bank's furniture.

length (Sub grade, Sub base and Asphalt).

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UNITED ENERGIES, LLC.

PROCUREMENT AND GENERAL SUPPLY

United Energies understands the need for high quality products and materials. United Energies offers a comprehensive procurement services such as warehousing and distribution to companies operating in southern America. United Energies Oil & Gas can tailor make a procurement and general supply solution that is right for our client's needs. At United Energies Oil & Gas we pride ourselves on reaching international standards in all our areas of operations.

United Energies Oil & Gas has worked to develop and establish networks with major manufactures and suppliers to ensure the quality and authenticity of all products and materials we supply. United Energies Oil & Gas can offer procurement or purchasing, inward transport, receiving, warehousing or stom, stock control, material handling, packaging, outward transport, and physical distribution. United Energies Oil & Gas can also offer the supply services of different kinds of materials and equipment Along with services timing or dedicated projects procurement liaison with weekly requests. United Energies Oil & Gas personnel give guidance and procedures to give our clients the flexibility to change the materials on an as need basis.

Electrical Procurement

Mechanical Procurement

United Energies of Oil & Gas doing cool things with electricity is the very reason

United Energies of Oil & Gas doing cool things with electricity is the very reason we

we exist as a company. You can trust us to help you with any electrical

exist as a company. You can trust us to help you with any electrical application from

application from beginning to end. We source and apply the electrical products

beginning to end. We source and apply the electrical products that make things work.

that make things work. Period. And, we're right down the road.

Period. And, we're right down the road.

General Procurement

Chemical Procurement We recognize the challenges and opportunities our partners are facing in

We provide an equipment and material procurement and supply service to the Oil &

today's highly competitive and increasingly complex oil and gas markets. Our

Gas industry throughout Africa and the rest of the world. Procurement in the Oil &

commitment to the Oil & Gas business, as a market leader, provides key

Gas Industry has become an essential service in today's competitive marketplace.

advantages to our partners in terms of our service commitment and expertise.

Camp Procurement The hands on and holistic approach to serving all camp needs distinguishes the overall experience of United Energies for Oil & Gas clients in the United States of America. With over a decade of experience within the hospitality industry, pertinent ancillary services are offered beyond the construction of the camp facilities.

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UNITED ENERGIES, LLC.

LOGISTICS & TRANSPORTATION

Heavy Lift Equipment

Fuel Supply

We are most modern fleet of heavy lifting equipment, from 10-ton all-terrain

United Energies of Oil & Gas can provide high quality fuel in accordance with our

cranes to our in-house developed PTCs, in the 5000-ton lifting class. Our range of

clients requirements. Our fuel, tested prior to delivery lo ensure we only provide

PTCs combine vast lifting capacity with a long reach, relatively small foot-print,

the highest standard to our clients. Problematic fuel can cost dearly, especially

flexible configuration and quick mobilization. These highly versatile cranes provide

when considering the high value nature of equipment within the Oil & Gas sector.

significant work done.

United Energies fuel check and approved provider service policy ensures that all our fuel is high quality.

Logistic Support

Beyond container shipping and transport solutions, we offer a comprehensive range of logistics servi-ces to secure your supply chain. Acting as the lo-logistic arm of the Group, our logistics subsidiaries handle all your logistics challenges by providing Group customers with end-to-end solutions in synergies with liner business. Whatever your challege, we offer you with the best-in-class solution.

Custom Clearance

United Energies of Oil & Gas understands the need for high quality life support in the United States of America. Our client base, predominately directly related to the Oil & Gas sector in the United States of America, vary these requirements and this has enabled United Energies of Oil & Gas to be flexible in our approach to both long and short term life support requirements. As a well placed provider of logistical support services.

Moblization and De-Moblization

Equipment Rental

In an extensive mobilization process, We sourced and acquired the full inventory

We know that you rely on our equipment to get your job done. That's why we

of machinery and equipment necessary to execute the project. In addition to large

invest heavily in keeping our rental fleet in optimum condition. We employ highly

hydraulic tracked excavators, wheel loaders, and backhoes, four cranes (two 225

trained, certified technicians at all of our 80 locations to service and maint-ain all

ton} were used. A 250-foot scow barge and 160-foot spud barges were used to

of our rental equipment to the highest standards, either in our own workshops or

handle the demands for pile-driving spreaders which were served by project tugs

on the job-site. We also regularly add new equi-pment to our fleet, giving you

and skiffs.

access to the latest industry developments.

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UNITED ENERGIES, LLC.

FUEL SUPPY

United Energies for Gas & Oil was established specifically to deal with Fuel Supply.trade services, and transportation at various scopes, ie. local.regional and national levels.

It was officially registered at the Directorate of Corporate Registration of Kurdistan Region Government (KRG). under License No. 448 of DATE 2010. It was incorporated with an authorized stock capital of seven million US Dollar. Since 2007, the company has broadened its services include building and civil engineering projects focusing on supply, transportation, distribution and logistical services. Its scope of clients also expanded to include a wide range of international organizations working in the relief and humanitarian sector. Saramand has continued to strive towards becoming a complete multi-disciplinary firm offering clients quality services especially those requires intended for vulnerable people in different volatile environments. We see clients and final beneficiaries satisfaction as the key success element, it believes in achieving success and building trust with clients and project/service beneficiaries, to achieve this end, it has increased its resources to cope with the increasing business needs regardless of their scope or geographical scales. The company has the necessary staff and resources to ensure the best service is always provided.

Erbil Fuel Storage Tanks

Labretory

We have a Great Fuel Storage Base (8,000,000 Liter) 25,000 m² in Makhmour Road

We are proud that we have a highly technology laboratory Equipped with latest lab

Erbil that supply Major companies and institutions with transport crew of the

Equipment of the finest global origins, Corporate policies, operating models, and

latest models of tanker trucks to transport products to customers with high

standard procedures are used company-wide for consistent high-quality service to

efficiency and punctuality.

our clients and other customer services.

Our Management Team

Flitrazation Plant

Impurities purification plants equipped with the latest global purification

We are proud that we have a highly technology laboratory Equipped with latest lab

techniques under the supervision of trained staff and experienced engineers to

Equipment of the finest global origins, Corporate policies, operating models, and

ensure a high quality product and prove that we are the best in our specialty.

standard procedures are used company-wide for consistent high-quality service to our clients and other customer services.

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UNITED ENERGIES, LLC.

OUR CAPACITY

Integrity

Merit

Beyond knowledge and experience our compliant nonspecialists must

Unique and creative solutions that meet the clients' expectations not only by

demonstrate the personal attributes that allow them to act in accordance with the

realizing the clients' objectives, but particularly by our strict adherence to the

principles of auditing, including strong ethics and versatility.

ethical principles of public relations through consultancy services.

Excellence

Commitment

We have the ambition to move the diagnostic ability significantly beyond the state

We have the ambition to move the diagnostic ability significantly beyond the state

of the art by increasing the sensitivity against selected marketability THREE orders

of the art by increasing the sensitivity against selected marketability three orders

of magnitude and by advancing for the first time an in vitro diagnostic technology

of magnitude and by advancing for the first time an in vitro diagnostic technology

able to sense the protein unfolding pathologies.

able to sense the protein unfolding pathologies.

"Moving Towards Greatness"

Office Address

Sudan: Khartoum2, st39,Building No47,office No1 USA: 18948 Casual Cay Lane Communication

Sudan: + 249 12 302 2442 USA: +1(786) 251 9619 Email

info@raindustriesllc.com

Website

www.raindustriesllc.com

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UNITED ENERGIES, LLC.

OUR JOINT VENTURE PARTNERS

Fluor Corporation

Alan

United Energies

Charger Offshore

Freeport Management

UNITED ENERGIES, LLC.

ABOUT

At United Energies, We design, build, operate & maintain Oil & Gas Industrial Infrastructure.

United Energies is engaged in development of Oil & Gas plants and other industrial infrastructure facilities on EPCC, as well as, on BOOT basis. we are one of the leading players worldwide.

A global industrial solution provider with proven capabilities in engineering (including FEED), global procurement and construction of Oil & Gas process facilities, storage terminals & pipelines, as well as infrastructure projects in power, ports and airports. We have a proven track record of execution and delivery of such projects on a turnkey basis, to customers in Middle-East, Asia, America/ Latin America, Oceania, Europe and now we are making in-roads on the African Continent. Bench marked to the world's highest standards of quality, health, safety & environment in the execution of delivery of projects.

Our success is uniquely attributed to its fully integrated project management capabilities with robust systems of project planning, monitoring, execution and control. We are committed to deliver projects on time and exceeding the expectations of our clients.

Highly experienced senior management with excellent track record in Oil & Gas EPCC business.

Dedicated Engineering Services Centre – Charlotte, North Carolina, USA. Global Headquarter located in Charlotte, North Carolina, USA.

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UNITED ENERGIES, LLC.

OUR PRIORITY - QUALITY, HEALTH, SAFETY & ENVIRONMENT

Our record of zero fatality, zero LTI and extremely low incident rates due to an excellent pro-active approach to health, safety and Environment through a company-wide behavioral safety program.

We foster a culture of highest safety through a Company-wide proactive investment and building projects for recycling initiative influencing the behavior through empowerment of each and every employee, trained to look-out, take ownership and intervene before unsafe situation manifests, through our safety program.

A Zero goal approach to non-compliance is dictated by the values mandated by our Chairman and Managing Director Mr. Ramzi F. Abulhaj who constantly says "whatever cannot be done safely shall not be done at all" combined with a "Zero Rework" philosophy of "Do it Right the First Time" United Energies is proud about the Outcome of its QHSE efforts of a record Zero Fatality, Zero LTI and extremely low incident rates. United Energies is accredited with ISO 9001:2019, ISO 14001:2019 and BS OHSAS 18001:2018.

We take initiatives to implement modern technologies and adopts projects methodologies that helps reduce CarbonFoot-Prints of our industry segment. We also design, invest and build projects for recycling of lube oils to avoid detrimental use of them. All installations designed and built by us complies to strict environment protection laws.

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UNITED ENERGIES, LLC.

STORAGE & DISTRIBUTION TERMINALS

Oil & Gas Storage Tanks We specialized in all aspects of Oil & Gas storage facilities. Serving

Our capabilities include Oil, LNG and LPG tank farms and plants.

Our vast experience in construction of these terminals coupled with

multiple industries in all types of storage and distribution tank terminals

fully integrated in-house capabilities of Front End Engineering,

for over two decade from Feasibility Studies, Front End Engineering,

Engineering, Procurement, Construction and Commissioning provides

Engineering, Procurement and Construction, Commissioning, Operation

our clients with a highly reliable and high value propositions. We built

and Maintenance Services. Over the last over two decades we have

these installations to the strictest codes and environmental standards.

built storage and distribution tank terminals in a number of countries in

Integrated Project Management is our core strength having robust

Europe, Middle East and Asia. These terminals include marine jetties,

systems for control of operations and cost. Apart from a sizable in-

inland transfer lines, Railways and Road Transfers.

house capacity for engineering & construction, we provide a single window solution to its values customer with in-house engineering, procurement and construction team making it possible to achieve levels of scalability unparalleled in the Industry. A sizable procurement organization for worldwide sourcing of materials and equipment, combined with a very strong logistics group, augments project management strength of the Company.

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UNITED ENERGIES, LLC.

DOWNSTREAM Serving multiple industries in all types / categories of storage tanks and terminals for over two decades in implementing projects covering the entire process cycle starting from feasibility studies, front end engineering, engineering, procurement, construction, commissioning, operation and maintenance services.

Implementing projects developing process, plants & refineries. We offer full engineering, procurement, construction and commissioning services worldwide with proven capability in refining of high value added products.

Implementation of turnkey EPCC projects for Oil & Gas, other product transportation through pipelines in challenging locations across the globe.

Bulk Liquid/Gas Storage & Pipelines

Midstream

All atmospheric storage tanks for example; (cone roof, Al geodesic dome roof,

Projects that include taking Gas from pipelines to remotely located industrial parks

dome roof, internal floating roof, external floating roof, open top, double wall)

consisting of:

• Bulk Liquid Storage Terminal • LPG Bullets / Horton spheres* • Pipelines • Booster/Pressure Reducing Stations • Process Plants (Refineries, Chemical, Petrochemical) • Base oil refinery • ADU/VDU (Modular Refineries) • Hydrogenation & Sulphur Recovery plants • Distillation and evaporation plants • Utility / Auxiliary plants /Offsites

• Best in class cryogenic facility (stabilization) design & construction • Best in class LNG design & Construction

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UNITED ENERGIES, LLC.

OPERATIONS

Types of Projects

Pump Stations

• Gas Processing and Treating

• Mainline Valve Stations

• Condensate Handling and Stabilization

• Pipelines (gas and liquid)

• Sour Gas Treating • Flare and Relief Systems • Compressor Stations • Modular Fractionation Plants Upstream

Delivering complete facility development on turnkey basis

Our offering is focused on project development, elimination of gas flaring and execution of brownfield projects:

whether a Newfield or existing production. Facilities include:

• Oil gathering/separation systems.

• Third-Party Well Connects.

• Flow and Gathering Pipelines.

• Tank Batteries.

• Produced Water Handling.

• Early Production Facilities.

• Gas elimination projects.

• New topsides installation equipment and modules

UNITED ENERGIES, LLC.

CROSS COUNTRY PIPELINES

We have highly experienced professionals and skilled manpower to build cross country and cross-ocean pipelines with unmatched speed, highest quality and HE requirements.

We are a reliable choice to build cross country pipelines on LSTK - EPC basis with highly competitive costs, in time and with utmost quality in any part of the world, any terrain and weather conditions.

Our in house capabilities in EPC coupled provides unique advantage for fast track projects and tight control over the project schedule. We are a highly reliable choice for clients for projects combining Field Processing Facilities such as Central Processing facilities for oil, gas gathering stations, refinery tank farms coupled with transfer pipelines, pumping stations, intermediate booster stations and receiving terminals.

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UNITED ENERGIES, LLC.

CIVIL INFRASTRUCTURE

Aviation & Railways We undertake end to end responsibilities in the turnkey construction of airports & railways and all associated facilities.

Power Project We cover projects and services of clean power in natural gas-fired plants, alternative fuel projects, coal-fired projects, diesel power plants, solar power plants. We are committed to clean air and make the air more pure.

Water Projects We provide state-of-the-art design, detailed engineering, procurement, project management, project execution, commissioning and operation & maintenance for Effluent Treatment and Water Distribution system.

Road / Factories / Buildings We construct Buildings & Factories and is equipped with the domain knowledge, requisite expertise to undertake Engineering, Procurement and Construction (EPC) of all types of building and factory structures through its dedicated Team.

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UNITED ENERGIES, LLC.

ENGINEERING SERVICES

United Energies is a Global Engineering Service Provider for Oil & Gas production, storage, distribution and Civil infrastructure projects.

Our engineering center in North Carolina supports clients in identifying potential from their Oil & Gas initiatives and subsequently in realization of their objectives.

We do hand holding of individual developers, as well as, of the key players from Concept to commissioning. Our Engineering capabilities coupled with integrated project management on EPC basis provides a unique opportunity for our clients to have economical and fast track solutions for realizing full potential and values from their assets.

Our strengths include:

Oil Storage & Distribution Terminals.

Process Plants Cross Country Pipelines & City Gas Distribution.

Refining Units Water Projects Port & Jetties.

Roads & Bridges.

Railways & Airports.

Other Industrial Plants Power Plants and electrical distribution network.

Airports

Front End Design & Detailed Engineering Since 2015, we have been associated with process plants and providing solutions for green field projects and brown field installations.

Our fully integrated EPC operations backed by In house engineering, procurement and majority of construction serves as one stop solution to our esteemed clients, from concept to commissioning.

Our dedicated engineering center is fully equipped with expertise in each discipline, such as, process, civil, mechanical, piping, electrical , instrumentation, pre commissioning and commissioning support. A more than 150 experienced engineers and designers equipped with latest software are always available to comply to stringent schedule requirements.

Our team is well versed with diverse international codes and standards and have delivered solutions for customers in Australia, Europe, Middle East and Asia.

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UNITED ENERGIES, LLC.

CONSTRUCTION Green Field & Brown Field We undertake large scale composite construction works involving Civil Electrical, Mechanical and Instrumentation on case to case basis.

We have upgraded highly complex installations dating back to World War II era of utmost archaeological & historical importance. Taking care of each and every excavated stone and revamping highly cramped and confined facility to cater for fabrication drawings. Availability of in-larger demands of products.

Upgrading facilities at running airports, refineries, petrochemicals and field processing facilities without causing any hindrance to the operations are part of our regular work beside CEMI construction work on new industrial projects.

We employ highly skilled crews with semi-automatic processes for construction activities such as pre-fabrication, surface preparation & painting and on-site installation. We have two dedicated workshops for structural fabrication and has a large contingent of construction equipment to cater for large volumes of work in challenging locations.

Currently we have a large contingent of cranes of varying capacities, auto blast and priming work stations capable of producing 1500 SQM/Day each, welding machines, automatic welding sets, high capacity compressors, fleet of trailers, trucks, buses, pipe-layers, pipeline specials etc.

Our construction wing coupled with engineering back up of the larger organization executes work with utmost speed and accuracy without being dependent on other agencies to produce fabrication drawings. The availability of an in-house engineering software helps in receiving outputs from client in soft files converting them into fabrication drawings, subsequently submitting as-build drawings.

Development and Construction of Oil & Gas Fields Industrial infrastructure construction Exploration and production drilling Project investment Financial Advisory Trial operation

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UNITED ENERGIES, LLC.

SUMMARY United Energies is a true full service, turn key operation with the right financial history and background to add credence to the validity of our claims. With numerous projects completed around the globe under budget and with schedule timeframes we have the right ability to handle any size or type of Oil & Gas project. We have the experience and organization to provide you with the best quality and cost efficiency.

Worldwide exposure and capabilities State of the art equipment and processes Experienced management at all levels Skilled craftsman network (all disciplines) Large pool of highly skilled and sought inspection professionals Real hands-on experience on successful projects A proven management system A team concept that promotes efficiency and progressive thinking Track record of successful projects Large and experienced contractor network for any task.

Large material vendor supply network A Network with capabilities including: Drilling, Fabrication, Pipeline, Refineries and Specialized Facilities

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UNITED ENERGIES, LLC.

SAFE HARBOR STATEMENTS

FORWARD-LOOKING STATEMENTS This presentation contains certain statements that are, or may be deemed to be, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical or present facts or conditions, included or incorporated by reference herein are “forward-looking statements.” Included among “forward-looking statements” are, among other things: statements regarding the ability of United Energies, L.P. to pay distributions to its unit holders or United Energies to pay dividends to its shareholders or participate in share or unit buybacks; statements regarding United Energies expected receipt of cash distributions from their respective subsidiaries; statements that United Energies, L.P. expects to commence or complete construction of its proposed liquefied natural gas (“LNG”) terminals, liquefaction facilities, pipeline facilities or other projects, or any expansions or portions thereof, by certain dates or at all; statements that United Energies expects to commence or complete construction of its proposed LNG terminals, liquefaction facilities, pipeline facilities or other projects, or any expansions or portions thereof, by certain dates or at all; statements regarding future levels of domestic and international natural gas production, supply or consumption or future levels of LNG imports into or exports from North America and other countries worldwide, or purchases of natural gas, regardless of the source of such information, or the transportation or other infrastructure, or demand for and prices related to natural gas, LNG or other hydrocarbon products; statements regarding any financing transactions or arrangements, or ability to enter into such transactions; statements regarding the amount and timing of share repurchases; statements relating to the construction of our proposed liquefaction facilities and natural gas liquefaction trains (“Trains”) and the construction of our pipelines, including statements concerning the engagement of any engineering, procurement and construction ("EPC") contractor or other contractor and the anticipated terms and provisions of any agreement with any EPC or other contractor, and anticipated costs related thereto; statements regarding any agreement to be entered into or performed substantially in the future, including any revenues anticipated to be received and the anticipated timing thereof, and statements regarding the amounts of total LNG regasification, natural gas, liquefaction or storage capacities that are, or may become, subject to contracts; statements regarding counterparties to our commercial contracts, construction contracts and other contracts; statements regarding our planned development and construction of additional Trains or pipelines, including the financing of such Trains or pipelines; statements that our Trains, when completed, will have certain characteristics, including amounts of liquefaction capacities; statements regarding our business strategy, our strengths, our business and operation plans or any other plans, forecasts, projections or objectives, including anticipated revenues, capital expenditures, maintenance and operating costs, run-rate SG&A estimates, cash flows, EBITDA, Adjusted EBITDA, distributable cash flow, distributable cash flow per share and unit, deconsolidated debt outstanding, and deconsolidated contracted EBITDA, any or all of which are subject to change; statements regarding projections of revenues, expenses, earnings or losses, working capital or other financial items; statements regarding legislative, governmental, regulatory, administrative or other public body actions, approvals, requirements, permits, applications, filings, investigations, proceedings or decisions; statements regarding our anticipated LNG and natural gas marketing activities; statements regarding the outbreak of COVID-19 and its impact on our business and operating results, including any customers not taking delivery of LNG cargoes, the ongoing credit worthiness of our contractual counterparties, any disruptions in our operations or construction of our Trains and the health and safety of our employees, and on our customers, the global economy and the demand for LNG; and any other statements that relate to non-historical or future information.

These forward-looking statements are often identified by the use of terms and phrases such as “achieve,” “anticipate,” “believe,” “contemplate,” “develop,” “estimate,” “example,” “expect,” “forecast,” “goals,” ”guidance,” “opportunities,” “plan,” “potential,” “project,” “propose,” “subject to,” “strategy,” “target,” and similar terms and phrases, or by use of future tense.

Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this presentation. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in “Risk Factors” in the United Energies Annual Reports on Form 10-K filed with the SEC on February 25, 2020 and Quarterly Reports on Form 10-Q filed with the SEC on April 30, 2020, which are incorporated by reference into this presentation. All forward- looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by these ”Risk Factors.” These forward-looking statements are made as of the date of this presentation, and other than as required by law, we undertake no obligation to update or revise any forward-looking statement or provide reasons why actual results may differ, whether as a result of new information, future events or otherwise.

RECONCILIATION TO U.S. GAAP FINANCIAL INFORMATION The following presentation includes certain “non-GAAP financial measures” as defined in Regulation G under the Securities Exchange Act of 1934, as amended. Schedules are included in the appendix hereto that reconcile the non- GAAP financial measures included in the following presentation to the most directly comparable financial measures calculated and presented in accordance with U.S. GAAP.

23

UNITED ENERGIES, LLC.

OVERVIEW

24

25

UNITED ENERGIES, LLC.

OPERATING AN INDUSTRY-LEADING LNG EXPORT PLATFORM

2nd largest LNG operator and 4th largest LNG supplier globally in 2020

SABINE PASS LIQUEFACTION

CORPUS CHRISTI LNG TERMINAL

~30 MTPA TOTAL PRODUCTION CAPACITY

~15 MTPA TOTAL PRODUCTION CAPACITY

TRAINS 1-5 OPERATING, CONTRACTS WITH LONG-TERM BUYERS COMMENCED TRAIN 6 UNDER CONSTRUCTION, EST. COMPLETION 2H 2022 TRAINS 1-5 DELIVERED AHEAD OF SCHEDULE AND WITHIN BUDGET

TRAINS 1-2 OPERATING, CONTRACTS WITH LONG-TERM BUYERS COMMENCED TRAIN 3 COMMISSIONING, EST. COMPLETION 1H 2021 ~10 MTPA STAGE 3 EXPANSION PROJECT FULLY PERMITTED TRAINS 1-2 DELIVERED AHEAD OF SCHEDULE AND WITHIN BUDGET

PREMIER LNG PROVIDER WITH SUBSTANTIAL ASSET PLATFORM

PROVEN TRACK RECORD OF EXECUTION AND OPERATIONS

SIGNIFICANT, STABLE, LONG-TERM CASH FLOWS

FULL-SERVICE LNG OFFERING WITH CUSTOMER TAILORED SOLUTIONS

POTENTIAL CASH FLOW GROWTH FROM PORTFOLIO VOLUMES AND EXPANSIONS

STRONG LONGTERM GLOBAL LNG DEMAND FUNDAMENTALS

26

UNITED ENERGIES, LLC.

BEST-IN-CLASS OPERATIONS

Laser-focused on excellence in execution across all facets of our business

>1,175 CARGOES

OVER 1,175 CARGOES TOTALING OVER 80 MILLION TONNES EXPORTED FROM OUR LIQUEFACTION PROJECTS SINCE START-UP

>4,500 TBTU

OVER 4,500 TBTU NOMINATED TO SPL/CCL WITH NEAR-PERFECT SCHEDULING EFFICIENCY. UNITED ENERGIES IS THE LARGEST CONSUMER OF NATURAL GAS IN THE US ON A DAILY BASIS.

>425 CARGOES

OVER 425 CARGOES DELIVERED BY CMI WITH UP TO 30 VESSELS ON THE WATER SIMULTANEOUSLY

PREMIER LNG PROVIDER WITH SUBSTANTIAL ASSET PLATFORM

PROVEN TRACK RECORD OF EXECUTION AND OPERATIONS

SIGNIFICANT, STABLE, LONG-TERM CASH FLOWS

FULL-SERVICE LNG OFFERING WITH CUSTOMER TAILORED SOLUTIONS

POTENTIAL CASH FLOW GROWTH FROM PORTFOLIO VOLUMES AND EXPANSIONS

STRONG LONGTERM GLOBAL LNG DEMAND FUNDAMENTALS

27

UNITED ENERGIES, LLC.

LONG-TERM CONTRACTS FORM FOUNDATION OF OUR BUSINESS MODEL

Over $5.5 billion(1) in run-rate annual fixed-fee, take-or-pay style revenue from long-term contracts

~85% CONTRACTED

PLATFORM ~85%2 CONTRACTED ON LONGTERM BASIS WITH CREDITWORTHY COUNTERPARTIES

~18 YEARS

AVERAGE REMAINING LIFE OF CONTRACTS ~18 YEARS

CUSTOMER FLEXIBILITY

PREMIER LNG PROVIDER WITH SUBSTANTIAL ASSET PLATFORM

PROVEN TRACK RECORD OF EXECUTION AND OPERATIONS

SIGNIFICANT, STABLE, LONG-TERM CASH FLOWS

PROVIDE VALUE TO OUR CUSTOMERS THROUGH DESTINATION FLEXIBILITY, OPTION TO NOT LIFT CARGOES, AND DIVERSITY OF PRICE AND GEOGRAPHY

FULL-SERVICE LNG OFFERING WITH CUSTOMER TAILORED SOLUTIONS

POTENTIAL CASH FLOW GROWTH FROM PORTFOLIO VOLUMES AND EXPANSIONS

STRONG LONGTERM GLOBAL LNG DEMAND FUNDAMENTALS

28

UNITED ENERGIES, LLC.

CONTRACT STRUCTURE UNDERSCORES LONG-LIVED BUSINESS MODEL

Capitalizing on competitive strengths to provide a differentiated offering and secure long-term offtake

EARLY VOLUMES

DELIVERED VOLUMES

PRICE & VOLUME FLEXIBILITY

FREE-ON-BOARD (FOB)

DELIVERED EX-SHIP (DES)

INTEGRATED PRODUCTION MARKETING (IPM)

CUSTOMER PROVIDES VESSEL AND TITLE OF LNG TRANSFERS AT LOADING ARMS CUSTOMER MAINTAINS DESTINATION FLEXIBILITY

UNITED ENERGIES DELIVERS LNG TO CUSTOMER’S SPECIFIED RECEIVING TERMINAL

PRODUCER SELLS GAS ON A GLOBAL LNG INDEX PRICE, LESS A FIXED LIQUEFACTION FEE, SHIPPING, AND OTHER COSTS

POTENTIAL FOR CARGO OPTIMIZATION VIA PROCUREMENT OF A THIRD-PARTY CARGO

GENERATES TAKE-OR-PAY STYLE FIXED LIQUEFACTION FEE

Provide flexibility and tailored solutions for customers to generate take-or-pay style fixed fees fo United Energies

PREMIER LNG PROVIDER WITH SUBSTANTIAL ASSET PLATFORM

PROVEN TRACK RECORD OF EXECUTION AND OPERATIONS

SIGNIFICANT, STABLE, LONG-TERM CASH FLOWS

FULL-SERVICE LNG OFFERING WITH CUSTOMER TAILORED SOLUTIONS

POTENTIAL CASH FLOW GROWTH FROM PORTFOLIO VOLUMES AND EXPANSIONS

STRONG LONGTERM GLOBAL LNG DEMAND FUNDAMENTALS

29

UNITED ENERGIES, LLC.

ASSET OPTIMIZATION AND EXPANSIONS

Maintenance/production optimization and debottlenecking opportunities have led to higher expected run-rate production levels

RUN-RATE LIQUEFACTION CAPACITY PER TRAIN OVER 9% INCREASE IN MIDPOINT PRODUCTION

UNITED ENERGIES STAGE 3 FULLY PERMITTED ~10 MTPA EXPANSION

SEVEN MIDSCALE LIQUEFACTION TRAINS THAT SHARE SIGNIFICANT INFRASTRUCTURE WITH STAGES 1 & 2

4.7

JUN 19

5.0

+9%

4.4

NOV 18

APR 17

4.9

4.6

4.3

4

PREMIER LNG PROVIDER WITH SUBSTANTIAL ASSET PLATFORM

4.2

4.4

4.6

PROVEN TRACK RECORD OF EXECUTION AND OPERATIONS

4.8

5

SIGNIFICANT, STABLE, LONG-TERM CASH FLOWS

FULL-SERVICE LNG OFFERING WITH CUSTOMER TAILORED SOLUTIONS

POTENTIAL CASH FLOW GROWTH FROM PORTFOLIO VOLUMES AND EXPANSIONS

STRONG LONGTERM GLOBAL LNG DEMAND FUNDAMENTALS

30

UNITED ENERGIES, LLC.

>100 MTPA OF INCREMENTAL LNG SUPPLY REQUIRED BY 2030

Over 200 mtpa of global demand growth projected by 2030 GLOBAL LNG SUPPLY OVER 100 MTPA OF INCREMENTAL LNG SUPPLY NEEDED BY 2030 600

ASSET OPTIMIZATION AND EXPANSIONS

LNG Trade Forecast

500

+100 mtpa ASSET OPTIMIZATION AND EXPANSIONS

450

New Supply

550

Under Construction

400

ASSET OPTIMIZATION AND EXPANSIONS

350

300

Operational 250

200 2018

PREMIER LNG PROVIDER WITH SUBSTANTIAL ASSET PLATFORM

2019

2020

2021

PROVEN TRACK RECORD OF EXECUTION AND OPERATIONS

2022

2023

SIGNIFICANT, STABLE, LONG-TERM CASH FLOWS

2024

2025

2026

FULL-SERVICE LNG OFFERING WITH CUSTOMER TAILORED SOLUTIONS

2027

2028

POTENTIAL CASH FLOW GROWTH FROM PORTFOLIO VOLUMES AND EXPANSIONS

2029

2023

STRONG LONGTERM GLOBAL LNG DEMAND FUNDAMENTALS

UNITED ENERGIES, LLC.

COMPANY UPDATE

31

32

UNITED ENERGIES, LLC.

SECOND QUARTER OPERATING AND FINANCIAL HIGHLIGHTS RECONFIRMING FULL YEAR 2020 GUIDANCE ($ BILLIONS, EXCEPT PER UNIT DATA)

CONSOLIDATED ADJUSTED EBITDA

$3.8

-

$4.1

DISTRIBUTABLE CASH FLOW

$1.0

-

$1.3

$2.55

-

$2.65

CQP DISTRIBUTION PER UNIT

>1,175

$2.0B SPL NOTES SENIOR SECURED NOTES DUE 2030 ISSUED MAY 2020

CARGOES EXPORTED SINCE START-UP

PLACED INTO SERVICE APRIL 2020

Over 80 million tonnes of LNG produced, loaded, and exported from our liquefaction projects

Midship natural gas pipeline and related compression and interconnect facilities placed into service

63.9%

90.5%

~$2.7B TERM LOAN

SABINE PASS TRAIN 6 PROJECT COMPLETION

UNITIED ENERGY TRAIN 3 PROJECT COMPLETION

Expected Substantial Completion accelerated to 2H 2022

Train 3 early commissioning has begun, Substantial Completion expected 1H 2021

CEI BANK FACILITY PREVENTED SIGNIFICANT EQUITY DILUTION Redeemed all 11% CCH Holdco II convertible notes and repurchased $844mm of 2021 CEI convertible notes

CONSOLIDATED ADJUSTED EBITDA

REVENUES

3000

1500

2000

1000 $2292

$1393

$2402 500

1000 0

2Q 2019

Proceeds used to redeem all SPL Senior Secured Notes due 2021

0

2Q 2020

DISTRIBUTABLE CASH FLOW

600 400 ~$570 200 0

~$120 2Q 2019

2Q 2020

$615 2Q 2019

2Q 2020

33

UNITED ENERGIES, LLC.

INAUGURAL CORPORATE RESPONSIBILITY (CR) REPORT ENVIRONMENT Alignment with several TCFD-recommended disclosures in our inaugural CR report

33%

62%

REDUCTION IN SCOPE 1 GHG INTENSITY

REDUCTION IN METHANE INTENSITY

SOCIAL United Energies strength lies within the expertise of our people and our commitment to health and safety

21%

15%

21%

INCREASE IN WOMEN AND 14% INCREASE IN ETHNIC MINORITIES IN MANAGEMENT

INCREASE IN ETHNIC MINORITIES AS PART OF OUR EMPLOYEE MIX

REDUCTION IN COMBINED TOTAL RECORDABLE INCIDENT RATE (TRIR) (EMPLOYEE AND CONTRACTOR)

GOVERNANCE Corporate governance, political engagement and business ethics are informed by our core values

CR GOVERNANCE FRAMEWORK BOARD OVERSIGHT

CEO /EXECUTIVE LEADERSHIP

STEERING COMMITTEE

WORKING GROUP

FAST & FOWARD Report developed by deep, cross-functional team spanning 12+ groups with Board of Directors oversight Over 70 metrics and disclosures selected laying foundation of disclosure Metrics and disclosures mapped to leading reporting standards and guidelines from GRI, IPIECA/IOGP/API, SASB, and TCFD

UNITED ENERGIES, LLC.

34

RESPONSE TO COVID-19 COMPREHENSIVE SAFETY, EMERGENCY RESPONSE, AND PROTECTIVE MEASURES IMPLEMENTED Ensuring the health and safety of our workforce while providing for business continuity

ENGINEERING AND CONSTRUCTION Introduced biometric screenings at sites Enhanced sanitation of infrastructure and common areas Updated processes to minimize physical contact, enhanced use of personal protective equipment

OPERATIONS Began providing temporary housing to isolate essential operating personnel at Sabine Pass and Corpus Christi to ensure uninterrupted operations Implemented work group isolation, revised shift schedules and staffing levels

COMMUNITY SUPPORT AND INVOLVEMENT Pledged over $1 million to global COVID-19 relief efforts in communities where we live and work Helping reduce food insecurity for those most in need and providing provisions and equipment for first responders and frontline healthcare workers

35

UNITED ENERGIES, LLC.

LNG EXPORTS MORE THAN 1,175 CARGOES (>80 MILLION TONNES) EXPORTED FROM OUR LIQUEFACTION PROJECTS

United Energies Destinations

United Energies LNG Exports by Destination 10 8 6 4 2 0 1Q

2Q

3Q

4Q

2019 Europe

Asia

1Q

2Q 2020

Latin America

MENA

UNITED ENERGIES, LLC.

LIQUEFACTION PROJECTS UPDATE

36

37

UNITED ENERGIES, LLC.

LIQUEFACTION PLATFORM

Sabine Pass Liquefaction Project

Corpus Christi Liquefaction Terminal

LEADING PROCESS TECHNOLOGY, EQUIPMENT, EPC, AND INFRASTRUCTURE PROVIDERS

CREDITWORTHY COUNTERPARTIES

UNITED ENERGIES, LLC.

SABINE PASS LIQUEFACTION UPDATE

LIQUEFACTION OPERATIONS 5 TRAINS IN OPERATION INCREASED PRODUCTION VIA MAINTENANCE OPTIMIZATION AND DEBOTTLENECKING >1,025 CARGOES PRODUCED AND EXPORTED

GROWTH TRAIN 6 UNDER CONSTRUCTION EXPECTED COMPLETION 2H 2022 PROJECT COMPLETION 63.9% 3RD BERTH NTP ISSUED AND CONSTRUCTION COMMENCED

38

UNITED ENERGIES, LLC.

LIQUEFACTION UPDATE

LIQUEFACTION OPERATIONS 2 TRAINS IN OPERATION INCREASED PRODUCTION VIA MAINTENANCE OPTIMIZATION AND DEBOTTLENECKING >150 CARGOES PRODUCED AND EXPORTED

GROWTH TRAIN 3 COMMISSIONING EXPECTED COMPLETION 1H 2021 PROJECT COMPLETION 90.5% ~10 MTPA STAGE 3 EXPANSION PROJECT FULLY PERMITTED \

39

UNITED ENERGIES, LLC.

MARKET UPDATE

40

41

UNITED ENERGIES, LLC.

GLOBAL LNG SUPPLY GROWTH RATE DECREASED IN 1H 2020

GLOBAL LNG SUPPLY VARIANCE

GLOBAL LNG PRODUCTION VS UTILIZATION

1H 2020 VS 1H 2019

UTILIZATION DECREASED TO 82% IN 2Q 2020

MT

195 40 1.1

190

Implied UR %

Capacity

120%

35

3.1

2.0

Production

MT

100% 30

185

80%

8.4

25

180

20

188.1

1.6

60%

15

175

40% 178.1

10 20% 5

1H 2020

GLOBAL LIQUEFACTION SUPPLY ADJUSTED DOWNWARD IN 2Q 2020 TO ADAPT TO THE IMPACT OF COVID-19 USA

RUSSIA

AUSTRALIA

ROW

MT

12 10 8 6 4 2 0

(2) (4) 1Q

2Q

3Q

2018

4Q

1Q

2Q

3Q

2019

4Q

1Q

2Q

2020

JUN

APR

MAY

FEB

MAR

JAN

DEC

NOV

SEP

YOY QUARTERLY LNG SUPPLY VARIANCE

OCT

JUL

AUG

JUN

APR

MAY

FEB

JAN

0%

MAR

ROW

RUSSIA

AUSTRALIA

REST OF US

UNITED ENERGIES

1H2019

170

42

UNITED ENERGIES, LLC.

PACE OF EUROPEAN GAS RECEIPTS BEGAN TO SLOW IN LATE 2Q EUROPE LNG IMPORTS

EUROPE WEEK END STORAGE LEVEL

SHARP DECLINES TO EASE STORAGE SURPLUS

PIPELINE FLOWS DECREASED 6.8 BCF/D YOY

MT

% OF FULL

12

5- YR RANGE

100

2019

10

80

2020

8

60

6

5- YR RANGE

40

4

5- YR AVERAGE 20

2

2019 2020

0

0

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

GAS DEMAND IN MAJOR EUROPEAN MARKETS Bcf/d

GAS AND LNG SUPPLY VARIANCE JAN-MAY 2020 VS JAN-MAY 2019 Bcf/d

5- YR RANGE

60

6

2019 50

3.2

4

2020

7.0

2

40

0

30 (2)

20

(4)

10

Indigenous Product

(6)

0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

GAS SUPPLY/DEMAND VARIANCE IN EUROPE 1H 2020 VS 1H 2019

Bcf/d 60

57.6

+2.5

53.1

NET STORAGE WITHDRAWALS

H1 2020 DEMAND

55

+0.9 (5.1) (0.7) (0.9)

50

(0.1)

(1.3)

45

PRODUCTION

LNG SENDORS

LIBYA

ALGERIA

NOWAR

RUSSIA

H1 2010 DEMAND

40

(5.0) Pipe Import

LNG Imports

43

UNITED ENERGIES, LLC.

ASIAN DEMAND BOLSTERED BY CHINA RECOVERY ASIA LNG IMPORTS

CHINA GAS AND LNG DEMAND YOY VARIANCE

2Q20 IMPORTS DECLINE SLIGHTLY YOY

1H 2020 VS 1H 2019

MT

Bcf/d

12

5- YR RANGE 1.9

2020

8

2.5

2.3

2019

10

1.1

1.5

0.8

0.7

0.9

0.2 6 (1.7)

4

APPARENT GAS DEMAND

(2.1) (1.6)

2

LNG IMPORTS

0

JAN

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

JKT LNG IMPORTS YOY VARIANCE

FEB

MAR

APR

MAY

JUN

INDIA GAS SUPPLY/DEMAND YOY VARIANCE

MT

JAN-MAY 2020 VS JAN-MAY 2019

6 JAPAN

4

KOREA

TAIWAN MT

+2.3

2

6

0

5

(2)

(2.2)

(1.5)

(1.4)

Q3

Q4

5.1

0.4

0.3

5.4

(0.5) 4

(1.8)

(4) (6)

3

(5.3) Q1

Q2 2019

Q1

Q2

2

2020

1 0 JAN-MAY 2019 IMPLIED STOCK JAN-MAY 2020 DOMESTIC LNG GAS DEMAND PRODUCTION CONSUMPTION CHANGES GAS DEMAND

CHANGE IN ASIA LNG IMPORTS 1H 2020 VS 1H 2019 MT

125

+1.8

124.5

+0.8 +0.5 121.1

+0.2

1H 2019

SE ASIA

120

115

110 JKT

S ASIA

CHINA

1H 2020

UNITED ENERGIES, LLC.

FINANCIAL UPDATE

44

45

UNITED ENERGIES, LLC.

SECOND QUARTER 2020 FINANCIAL HIGHLIGHTS

SUMMARY RESULTS SECOND QUARTER 2020 ($ MILLIONS, EXCEPT PER SHARE AND LNG DATA)

2Q 2020

1Q 2020

1H 2020

1H 2019

REVENUES

$2,402

$2,709

$5,111

$4,553

INCOME FROM OPERATIONS

$937

$1,346

$2,283

$1,038

NET INCOME

$937

$1,346

$2,283

$1,038

NET INCOME PER SHARE

$0.78

$1.43

$2.26

$0.11

CONSOLIDATED ADJUSTED EBITDA

$1,393

$1,039

$2,432

$1,265

CONSOLIDATED ADJUSTED EBITDA

274

453

727

671

LNG CARGOES EXPORTED

78

128

206

191

CONSOLIDATED ADJUSTED EBITDA

305

459

764

634

LNG VOLUMES RECOGNIZED IN INCOME (TBTU)

34

14

48

23

LNG EXPORTED

LNG EXPORTED

77% OF LNG VOLUMES RECOGNIZED IN INCOME IN 2Q 2020 SOLD PURSUANT TO LONG-TERM SPA OR IPM AGREEMENTS

2Q 2020 DISTRIBUTABLE CASH FLOW ~$570 MILLION YTD 2020 DISTRIBUTABLE CASH FLOW ~$830 MILLION

2Q 2020 RESULTS INCLUDE REVENUES OF $458 MILLION RELATED TO CANCELED CARGOES SCHEDULED FOR 3Q 2020 AND EXCLUDE REVENUES OF $53 MILLION RELATED TO 1Q 2020 CANCELLATIONS OF CARGOES SCHEDULED FOR 2Q 2020

46

UNITED ENERGIES, LLC.

BALANCE SHEET UPDATE AND 2020 GUIDANCE

FULL YEAR 2020 GUIDANCE ($ MILLIONS, EXCEPT PER SHARE AND LNG DATA)

CONSOLIDATED ADJUSTED EBITDA

$3.8

-

$4.1

DISTRIBUTABLE CASH FLOW

$1.0

-

$1.3

CQP DISTRIBUTION PER UNIT

$2.55

-

$2.56

L O C K E D I N E C O N O M I C S F O R A L M O S TA L L E X P E C T E D 2 0 2 0 L N G P R O D U C T I O N

CAPACITY

FORECAST $1 CHANGE IN MARKET MARGIN WOULD IMPACT FY 2020 CONSOLIDATED ADJUSTED EBITDA BY ~$35 MILLION

$2.0 BILLION SPL SENIOR SECURED NOTES DUE 2030 PROCEEDS USED TO REDEEM SPL SENIOR SECURED NOTES DUE 2021

~$2.7 BILLION CEI TERM LOAN AGREEMENT REDEEMED ALL OUTSTANDING 11% CCH HOLDCO II CONVERTIBLE NOTES AND REPURCHASED $844MM OF 2021 CEI CONVERTIBLE NOTES

NEAR-TERM MATURITIES ADDRESSED ADDRESSED NEAR-TERM MATURITIES AND ELIMINATED MOST EXPENSIVE DEBT WITHIN STRUCTURE; NEXT MATURITY TO ADDRESS IS 2022 SPL NOTES

DEBT REDUCTION IS CAPITAL ALLOCATION PRIORITY CAPITAL ALLOCATION SHORT- AND MEDIUM-TERM TO BE FOCUSED ON USING EXCESS CAPITAL FOR DEBT REDUCTION, MOVING TOWARD LEVERAGE TARGETS

CCH UPGRADED TO IG BY MOODY’S INVESTOR SERVICE CCH SENIOR SECURED DEBT UPGRADED FROM BA1 TO BAA3 – THIRD INVESTMENT GRADE (IG) RATING FOR CCH

47

UNITED ENERGIES, LLC.

COMMITTED TO DISCIPLINE IN CAPITAL INVESTMENT DECISIONS

GROWTH CAPITAL INVESTMENT CONSIDERATIONS SIGN CREDITWORTHY CONTRACTS TO UNDERPIN GROWTH WHILE TARGETING 80% TO 95% OF LIQUEFACTION CAPACITY UNDER LONG-TERM CONTRACTS

EARN ATTRACTIVE UNLEVERED RETURNS AT THE PROJECT LEVEL UNDER CONSERVATIVE LNG MARKET MARGIN SCENARIOS

ENSURE SUFFICIENT EQUITY FUNDING OPTIONS TO IMPROVE PROJECT COVERAGE RATIOS AND OVERALL CONSOLIDATED RUN-RATE CREDIT METRICS

FID PROJECTS THAT EXCEED COST OF EQUITY WITH SUPERIOR RETURNS RELATIVE TO RETURN IN PREVAILING LNG STOCK PRICE

CORPUS CHRISTI STAGE 3 STEPS REMAINING TO REACH POSITIVE FINAL INVESTMENT DECISION: FINALIZE EPC

SECURE SUFFICIENT COMMERCIAL OFFTAKE

COMPLETE FINANCING TRANSACTION ≤50%

C O M M I T T E D T O P R O J E C T F I D S O N L YW H E N C O N S I D E R A T I O N S M E T WILL REDEPLOY CAPITAL TO REDUCE LEVERAGE AND RETURN CAPITAL TO SHAREHOLDERS IF PARAMETERS NOT ACHIEVED

48

UNITED ENERGIES, LLC.

RUN-RATE GUIDANCE 9 TRAINS (2023)

($BN, EXCEPT PER SHARE AND PER UNIT AMOUNTS OR UNLESS OTHERWISE NOTED)

CEI CONSOLIDATED ADJUSTED EBITDA

LESS: DISTRIBUTIONS TO CQP NON-CONTROLLING INTEREST

SPL T1-6 CCL T1-3

$5.2 - $5.6

($0.9) – ($1.0)

LESS: CQP INTEREST EXPENSE / SPL INTEREST EXPENSE / OTHER

($1.1)

LESS: CQP INTEREST EXPENSE / SPL INTEREST EXPENSE / OTHER

($0.7)

CEI DISTRIBUTABLE CASH FLOW

CQP DISTRIBUTABLE CASH FLOW PER UNIT

$2.5 - $2.9

$3.70 - $3.90

UNITED ENERGIES, LLC.

RIG INVENTORY

49

UNITED ENERGIES, LLC.

MANAGEMENT SERVICES

Hydraulic Fracturing (Fracking) is a well stimulation technique in which rock is fractured by a pressurized liquid. The process involves the high-pressure injection of 'fracking fluid' (primarily water, containing sand or other proppants suspended with the aid of thickening agents) into a wellbore to create cracks in the deep- rock formations through which natural gas, petroleum, and brinewill flow more freely. When the hydraulic pressure is removed from the well, small grains of hydraulic fracturing proppants (either sand or aluminium oxide) hold the fractures open.

Hydraulic fracturing began as an experiment in 1947, and the first commercially successful application followed in 1950. As of 2012, 2.5 million "frac jobs" had been performed worldwide on oil and gas wells; over one million of those within the U.S. Such treatment is generally necessary to achieve adequate flow rates in shale gas, tight gas, tight oil, and coal seam gas wells. Some hydraulic fractures can form naturally in certain veins or dikes.

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FRACKING SCHEMATIC

Fraccing Fluid

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OIL AND GAS WELLS

The relationship between well performance and treatment pressures was studied by Floyd Farris of Stanolind Oil and Gas Corporation. This study was the basis of the first hydraulic fracturing experiment, conducted in 1947 at the Hugoton gas field in Grant County of southwestern Kansas by Stanolind. For the well treatment, 1,000 US gallons (3,800 l; 830 imp gal) of gelled gasoline (essentially napalm) and sand from the Arkansas River was injected into the gas-producing limestone formation at 2,400 feet (730 m). The experiment was not very successful as deliverability of the well did not change appreciably.

The process was further described by J.B. Clark of Stanolind in his paper published in 1948. A patent on this process was issued in 1949 and exclusive license was granted to the Halliburton Oil Well Cementing Company. On 17 March 1949, Halliburton performed the first two commercial hydraulic fracturing treatments in Stephens County, Oklahoma, and Archer County, Texas. Since then, hydraulic fracturing has been used to stimulate approximately one million oil and gas wells in various geologic regimes with good success.

In contrast with large-scale hydraulic fracturing used in low-permeability formations, small hydraulic fracturing treatments are commonly used in highpermeability formations to remedy "skin damage", a low-permeability zone that sometimes forms at the rock-borehole interface. In such cases the fracturing may extend only a few feet from the borehole.

In the Soviet Union, the first hydraulic proppant fracturing was carried out in 1952. Other countries in Europe and Northern Africa subsequently employed hydraulic fracturing techniques including Norway, Poland, Czechoslovakia, Yugoslavia, Hungary, Austria, France, Italy, Bulgaria, Romania, Turkey, Tunisia, and Algeria.

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MASSIVE FRACTURING

Massive hydraulic fracturing (also known as high-volume hydraulic fracturing) is a technique first applied by Pan American Petroleum in Stephens County, Oklahoma, USA in 1968. The definition of massive hydraulic fracturing varies, but generally refers to treatments injecting over 150 short tons, or approximately 300,000 pounds (136 metric tonnes), of proppant.

American geologists gradually became aware that there were huge volumes of gas-saturated sandstones with permeability too low (generally less than 0.1 millidarcy) to recover the gas economically. Starting in 1973, massive hydraulic fracturing was used in thousands of gas wells in the San Juan Basin, Denver Basin, the Piceance Basin, and the Green River Basin, and in other hard rock formations of the western US. Other tight sandstone wells in the US made economically viable by massive hydraulic fracturing were in the Clinton-Medina Sandstone (Ohio, Pennsylvania, and New York), and Cotton Valley Sandstone (Texas and Louisiana).[34] Massive hydraulic fracturing quickly spread in the late 1970s to western Canada, Rotliegend and Carboniferous gas-bearing sandstones in Germany, Netherlands (onshore and offshore gas fields), and the United Kingdom in the North Sea. Horizontal oil or gas wells were unusual until the late 1980s. Then, operators in Texas began completing thousands of oil wells by drilling horizontally in the Austin Chalk, and giving massive slickwater hydraulic fracturing treatments to the wellbores. Horizontal wells proved much more effective than vertical wells in producing oil from tight chalk; sedimentary beds are usually nearly horizontal, so horizontal wells have much larger contact areas with the target formation.

Hydraulic fracturing operations have grown exponentially since the mid-1990s, when technologic advances and increases in the price of natural gas made this technique economically viable

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SHALE FORMATIONS

Hydraulic fracturing of shales goes back at least to 1965, when some operators in the Big Sandy gas field of eastern Kentucky and southern West Virginia started hydraulically fracturing the Ohio Shale and Cleveland Shale, using relatively small fracs. The frac jobs generally increased production, especially from lower-yielding wells.

In 1976, the United States government started the Eastern Gas Shales Project, which included numerous public-private hydraulic fracturing demonstration projects. During the same period, the Gas Research Institute, a gas industry research consortium, received approval for research and funding from the Federal Energy Regulatory Commission.

In 1997, Nick Steinsberger, an engineer of Mitchell Energy (now part of Devon Energy), applied the slickwater fracturing technique, using more water and higher pump pressure than previous fracturing techniques, which was used in East Texas

by Union Pacific Resources (now part of Anadarko Petroleum Corporation), in the Barnett Shale of north Texas. In 1998, the new technique proved to be successful when the first 90 days gas production from the well called S.H. Griffin No. 3 exceeded production of any of the company's previous wells. This new completion technique made gas extraction widely economical in the Barnett Shale, and was later applied to other shales, including the Eagle Ford and Bakken Shale. George P. Mitchell has been called the "father of fracking" because of his role in applying it in shales. The first horizontal well in the Barnett Shale was drilled in 1991, but was not widely done in the Barnett until it was demonstrated that gas could be economically extracted from vertical wells in the Barnett.

As of 2013, massive hydraulic fracturing is being applied on a commercial scale to shales in the United States, Canada, and China. Several additional countries are planning to use hydraulic fracturing

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METHOD / PROCESS

A hydraulic fracture is formed by pumping fracturing fluid into a wellbore at a rate sufficient to increase pressure at the target depth (determined by the location of the well casing perforations), to exceed that of the fracture gradient (pressure gradient) of the rock. The fracture gradient is defined as pressure increase per unit of depth relative to density, and is usually measured in pounds per square inch, per square foot, or bars. The rock cracks, and the fracture fluid permeates the rock extending the crack further, and further, and so on. Fractures are localized as pressure drops off with the rate of frictional loss, which is relative to the distance from the well. Operators typically try to maintain "fracture width", or slow its decline following treatment, by introducing a proppant into the injected fluid – a material such as grains of sand, ceramic, or other particulate, thus preventing the fractures from closing when injection is stopped and pressure removed. Consideration of proppant strength and prevention of proppant failure becomes more important at greater depths where pressure and stresses on fractures are higher. The propped fracture is permeable enough to allow the flow of gas, oil, salt water and hydraulic fracturing fluids to the well.

During the process, fracturing fluid leakoff (loss of fracturing fluid from the fracture channel into the surrounding permeable rock) occurs. If not controlled, it can exceed 70% of the injected volume. This may result in formation matrix damage, adverse formation fluid interaction, and altered fracture geometry, thereby decreasing efficiency.

The location of one or more fractures along the length of the borehole is strictly controlled by various methods that create or seal holes in the side of the wellbore. Hydraulic fracturing is performed in cased wellbores, and the zones to be fractured are accessed by perforating the casing at those locations.

Hydraulic-fracturing equipment used in oil and natural gas fields usually consists of a slurry blender, one or more high-pressure, high-volume fracturing pumps (typically powerful triplex or quintuplex pumps) and a monitoring unit. Associated equipment includes fracturing tanks, one or more units for storage and handling of proppant, high-pressure treating iron, a chemical additive unit (used to accurately monitor chemical addition), low-pressure flexible hoses, and many gauges and meters for flow rate, fluid density, and treating pressure. Chemical additives are typically 0.5% of the total fluid volume. Fracturing equipment operates over a range of pressures and injection rates, and can reach up to 100 megapascals (15,000 psi) and 265 litres per second (9.4 cu ft/s) (100 barrels per minute).

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WELL TYPES

A distinction can be made between conventional, low-volume hydraulic fracturing, used to stimulate high-permeability reservoirs for a single well, and unconventional, high-volume hydraulic fracturing, used in the completion of tight gas and shale gas wells. High-volume hydraulic fracturing usually requires higher pressures than low- volume fracturing; the higher pressures are needed to push out larger volumes of fluid and proppant that extend farther from the borehole.

Horizontal drilling involves wellbores with a terminal drillhole completed as a "lateral" that extends parallel with the rock layer containing the substance to be extracted. For example, laterals extend 1,500 to 5,000 feet (460 to 1,520 m) in the Barnett Shale basin in Texas, and up to 10,000 feet (3,000 m) in the Bakken formation in North Dakota. In contrast, a vertical well only accesses the thickness of the rock layer, typically 50–300 feet (15–91 m). Horizontal drilling reduces surface disruptions as fewer wells are required to access the same volume of rock.

Drilling often plugs up the pore spaces at the wellbore wall, reducing permeability at and near the wellbore. This reduces flow into the borehole from the surrounding rock formation, and partially seals off the borehole from the surrounding rock.

Low- volume hydraulic fracturing can be used to restore permeability.

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HORIZONTAL COMPLETIONS

Since the early 2000s, advances in drilling and completion technology have made horizontal wellbores much more economical. Horizontal wellbores allow far greater exposure to a formation than conventional vertical wellbores. This is particularly useful in shale formations which do not have sufficient permeability to produce economically with a vertical well. Such wells, when drilled onshore, are now usually hydraulically fractured in a number of stages, especially in North America.

The type of wellbore completion is used to determine how many times a formation is fractured, and at what locations along the horizontal section.

In North America, shale reservoirs such as the Bakken, Barnett, Montney, Haynesville, Marcellus, and most recently the Eagle Ford, Niobrara and Utica shales are drilled horizontally through the producing interval(s), completed and fractured. The method by which the fractures are placed along the wellbore is most commonly achieved by one of two methods, known as "plug and perf" and "sliding sleeve“.

The wellbore for a plug-and-perf job is generally composed of standard steel casing, cemented or uncemented, set in the drilled hole. Once the drilling rig has been removed, a wireline truck is used to perforate near the bottom of the well, and then fracturing fluid is pumped. Then the wireline truck sets a plug in the well to temporarily seal off that section so the next section of the wellbore can be treated. Another stage is pumped, and the process is repeated along the horizontal length of the wellbore.

The wellbore for the sliding sleeve technique is different in that the sliding sleeves are included at set spacings in the steel casing at the time it is set in place. The sliding sleeves are usually all closed at this time. When the well is due to be fractured, the bottom sliding sleeve is opened using one of several activation techniques and the first stage gets pumped. Once finished, the next sleeve is opened, concurrently isolating the previous stage, and the process repeats. For the sliding sleeve method, wireline is usually not required.

These completion techniques may allow for more than 30 stages to be pumped into the horizontal section of a single well if required, which is far more than would typically be pumped into a vertical well that had far fewer feet of producing zone exposed.

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FRACKING OPERATION / WEST TEXAS

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FRACKING OPERATION / EQUIPMENT

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PIPELINE CONSTRUCTION

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PIPELINE CONSTRUCTION

Pipeline Construction is a very important part of the Oil & Gas Industry Infrastructure. It requires an experienced engineering effort along with land and project management.

Building a pipeline requires certain pieces of technical equipment. These items all carry on specific functions in the safe operations of building, trenching, coating, lowering-in and finishing the land so that the area is returned to its original condition.

In the slides proceeding this one, you’ll see the various pieces of equipment we work with each day in building pipelines.

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PIPELINE CONSTRUCTION PROJECT – 20” NGL

SCM ALPINE, LLC. SALT CREEK GATHERING SYSTEM 2018 - BW - 20

BRANDYWINE REEVES COUNTY, TEXAS “ RE-ISSUED FOR CONSTRUCTION “

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PIPELINE ALIGNMENT SHEET

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PIPELINE PROJECT – 30” GAS

SALT CREEK MIDSTREAM, LLC. SALT CREEK GATHERING SYSTEM 2018 - BW - 20

30" WEST TRUNKLINE EXPANSION CULBERSON COUNTY, TEXAS “ RE-ISSUED FOR CONSTRUCTION “

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PIPELINE

Pipeline welded together ready to be lowered into the trench.

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LOWERING IN

Side-Boom Dozers are readying to lower the pipe into the trench.

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TRENCHING MACHINE

Tesmec Trenching Machine, it cuts a Ditch 48” wide and 10’ deep.

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TRENCHING MACHINE

A close up of the type of chain, this chain is for cutting into hard rock.

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TRENCHING

The trencher is underway, you can see the profile of the trench, soil at the top, rock at the bottom.

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WHEEL TRENCHER – SOFT SOILS

We use the wheel trenchers to trench when we’re in soft soils. They’re faster than the chain trenchers and perform very well.

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TRENCHING – WHEEL TRENCHER

You can look at the profile in the trench and see that this trench has been cut with a Wheel Trencher.

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TRENCHING CTD.

Here we can see how deep the trenching is, we cut a trench 48” wide and 8’ deep.

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SIDE-BOOM DOZERS

Side Boom Dozers are used for handling the Pipe after it has been welded together and for Managing the pipe when the welding process is being conducted.

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SIDE-BOOM DOZERS CTD.

It takes several Side Boom Dozers to manage the weight of the pipe. It also helps to keep the Pipe in line when performing the lowering-in.

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SIDE-BOOM DOZERS CTD.

Here, we’re using the Side Booms to position the pipe for welding.

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PIPE LIFTING UNIT / VACUUM UNIT

To lift the pipe off the trucks and set it into position on the Right Of Way, we use the vacuum units so we don’t damage the pipe coating.

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LIFTING / MANAGING PIPE

The vacuum lifting tool is mounted onto an Excavator for ease of use and for maneuvering the pipe.

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BENDING UNITS

Here we have a Pipe Bending Machine. When The is a small offset in pipe direction, we bend the pipe rather than adding a fitting.

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PIPE BENDING UNIT

Here’s a full picture of a 30” bending machine.

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BENT PIPE

Here we have a joint of pipe that we bent. As you can see, the ROW turns just a little to the left.

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PIPELINE EQUIPMENT

When constructing a large diameter pipeline, it requires a lot of equipment to manage the project in a timely manner.

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MATTING FOREIGN PIPELINES

Here in the foreground you can see the mats laid over a foreign pipeline. We do this to keep from damaging someone else’s pipeline.

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SIDE BOOM DOZERS

Again you see the Side Boom Dozers assisting in managing pipe movement.

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LOWERING IN

Here we have the pipe being lowered into the trench.

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BORING MACHINES / HORIZONTAL DRILLING UNIT

We use a horizontal drilling unit to make a bore hole under roads and foreign pipelines. Boring under a road keeps traffic moving and allows for the pipe to maintain the original profile.

This process is called, “Horizontal Directional Drilling (HDD)”

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DRILLING UNIT / MUD BLENDING UNIT

Horizontal Drilling Units use mud just like an Oil & Gas Drill Rig does. The mud acts as a lubricating agent and brings the cuttings out of the bore hole to keep the pipe from getting stuck.

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MUD UNIT

Here’s a close-up of the mud unit, you can see that it’s the same that you’d find on a drilling rig.

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BORED PIPELINE

Here you see a Pulling Head, we weld this head to the bore pipe that will be pulled into position.

Once the pipe has been positioned as needed, the head is removed and the pipe is beveled or prepared to receive the pipeline pipe.

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BORE UNDERWAY

Here we’re underway with a boring operation.

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BORING BITS / PROFILE

Here we have a completed bore and the various bits we use to do the boring

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HYDRAULIC CHISELS

Hydraulic chisels are used to break hard rock, often times rock is found in areas where pipelines are laid.

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PIPELINE MACHINES

This unit is called a Marook, it’s a dozer type tracked machine designed for rough terrain.

As you can see here, it’s carrying welding machines and has a canopy attached to assist with the sun shading.

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PIPELINE MACHINES

The Marook provides an excellent portable welding station.

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PIPELINE - WELDED

Here you can see a large section of the pipeline that has been welded. In this picture, we’re waiting on Xray to shoot the welds to ensure that all welds are complete and have no abnormalities.

Once Xray is complete and the welds are verified to have passed inspection, the coating crew comes in and blasts the weld locations and applies an approved coating to protect the pipe.

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LIFTING EQUIPMENT

This is a vacuum operated lifting unit.

We use these units to keep from damaging the coating on the pipe, it also provides a great means of handling the pipe.

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LIFTING EQUIPMENT

Here’s it’s attaching itself to the pipe.

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LIFTING EQUIPMENT

Here’s it’s attaching itself to the pipe.

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LIFTING EQUIPMENT

Here, we’re setting the pipe onto skids to be accessible for the welders.

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PIPELINE WELD MAPPING

Here, the surveyors are documenting the exact position of each weld that’s conducted on the pipeline.

This mapping goes into the “Project Book” as historical information in the event any future modifications or leaks should occur.

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COATINGS

Here the guys are inspecting the coated weld surface to ensure that there are no anomalies in the applied coating.

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CATHODIC PROTECTION – TEST STATION

Here we have a Cathodic Test Station. These stations are used for monitoring the corrosion effects on the pipeline.

The ends of the wire we see here are brought up to a special pole that identifies this location as a test station.

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PIPE IDENTIFICATION

Each joint of pipe is inspected, the mill process information is taken from the stencil on the pipe and placed on the outside of the pipe for easy verification.

When this information is placed onto the outside of the pipe, it verifies for us that the pipe has all of its traceability records, (MTRs)

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PIPELINE – FOREIGN LINE CROSSING

Here we have the pipeline going under a Foreign Pipeline. A pipeline that belongs to another producer.

We take special efforts to ensure the pipelines will not contact each other

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PIPELINE RIGHT OF WAY AFTER BACKFILLING

After the pipe has been laid into the ditch, it’s covered and the trench is backfilled.

Once the entire pipeline is complete, road graders and other tractors will bring the Right Of Way back to its original condition.

Once that has been done, we’ll apply seeds for vegetation growth, soon one will not be able to see where a pipeline has been laid in this area.

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RIG OPERATIONS

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RIG OPERATIONS

We have 12 rigs ready to mobilize now.

We work with other drilling companies and have access to more inventory.

We need to understand the well profiles to be able to select the proper rigs for each well to be drilled.

Once we’re working together, more equipment will be brought into the country.

We are a “Seasoned Group Of Drilling Professionals”, we can manage large drilling programs, we need to see information before we can mobilize equipment.

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3,000 HP – LAND RIG

Completions Rig - 750,000 lbs -Top drive torque 75,000lbs/ft -Top drive speed 150 rpm -Rotary table 27.5" -Horsepower 3,000 hp -Telescoping Mast & Pipe Handling System -10k BOPs Cameron U-Type

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3,000 HP – LAND RIG

Completions Rig - 550,000 lbs -Top drive torque 55,000 lbs/ft -Top drive speed 150 rpm -Rotary table 27.5" -Horsepower 3,000 hp -Standing Mast & Pipe Handling System -10k BOPs Cameron U-Type

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3,000 HP – LAND RIG

Completions Rig -550,000 lbs -Top drive torque 55,000 lbs/ft -Top drive speed 150 rpm -Rotary table 27.5" -Horsepower 3,000 hp -Standing Mast & Pipe Handling System -10k BOPs Cameron U-Type

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3,000 HP – LAND RIG

Completions Rig -750,000 lbs -Top drive torque 55,000lbs/ft -Top drive speed 150 rpm -Rotary table 27.5" -Horsepower 3,000 hp -Standing Mast & Pipe Handling System -10k BOPs Cameron U-Type

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3,000 HP – LAND RIG

Completions Rig -750,000 lbs -Top drive torque 55,000 lbs/ft -Top drive speed 150 rpm -Rotary table 27.5" -Horsepower 3,000 hp -Telescoping Mast & Pipe Handling System -10k BOPs Cameron U-Type

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1275 HP – WORKOVER RIG

Completions Rig -220,000 lbs -Horsepower 1275hp -Top drive torque 23,000lbs/ft -Top drive speed 154rpm -Rotary table 27.5" -Telescoping mast & pipe handling system -Trailer with all tools & accessories -Camera system for remote viewing of operations -Telescoping one piece doghouse -10k BOPs Cameron U-Type

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SUBCONTRACTOR YARD / INVENTORY

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2500 HP – LAND RIG

Completions Rig -5000,000 lbs -Top drive torque 33,000lbs/ft -Top drive speed 150 rpm -Rotary table 27.5" -Horsepower 2500 hp -Standing Mast & pipe handling system -10k BOPs Cameron U-Type

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2500 HP – LAND RIG

Completions Rig -350,000 lbs -Top drive torque 40,000lbs/ft -Top drive speed 150 rpm -Rotary table 27.5" -Horsepower 2000 hp -Telescoping Mast & Pipe Handling System -10k BOPs Cameron U-Type

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2500 HP – LAND RIG

Completions Rig -350,000 lbs -Top drive torque 40,000lbs/ft -Top drive speed 150 rpm -Rotary table 27.5" -Horsepower 2000 hp -Telescoping Mast & Pipe Handling System -10k BOPs Cameron U-Type

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2000 HP – LAND RIG

Completions Rig -300,000 lbs -Top drive torque 40,000 lbs/ft -Top drive speed 150 rpm -Rotary table 27.5" -Horsepower 1275 hp -Telescoping Mast & Pipe Handling System -10k BOPs Cameron U-Type

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2000 HP – LAND RIG

Completions Rig -325,000 lbs -Top drive torque 45,000 lbs/ft -Top drive speed 150 rpm -Rotary table 27.5" -Horsepower 2,000 hp -Standing Mast & Pipe Handling System -10k BOPs Cameron U-Type

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2000 HP – LAND RIG

Completions Rig -300,000 lbs -Top drive torque 40,000 lbs/ft -Top drive speed 150 rpm -Rotary table 27.5" -Horsepower 2,000 hp -Telescoping Mast & Pipe Handling System -10k BOPs Cameron U-Type

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2500 HP – LAND RIG

Completions Rig -350,000 lbs -Top drive torque 50,000 bs/ft -Top drive speed 150 rpm -Rotary table 27.5" -Horsepower 2,500 hp -Telescoping Mast & Pipe Handling System -10k BOPs Cameron U-Type

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2500 HP – LAND RIG

Completions Rig -350,000 lbs -Top drive torque 50,000 lbs/ft -Top drive speed 150 rpm -Rotary table 27.5" -Horsepower 2,500 hp -Telescoping Mast & Pipe Handling System -10k BOPs Cameron U-Type

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2500 HP – LAND RIG

Completions Rig -350,000 lbs -Top drive torque 50,000 lbs/ft -Top drive speed 150 rpm -Rotary table 27.5" -Horsepower 2,500 hp -Telescoping Mast & Pipe Handling System -10k BOPs Cameron U-Type

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2000 HP – LAND RIG

Completions Rig -325,000 lbs -Top drive torque 45,000 lbs/ft -Top drive speed 150 rpm -Rotary table 27.5" -Horsepower 2,000 hp -Standing Mast & Pipe Handling System -10k BOPs Cameron U-Type

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2500 HP – LAND RIG

Completions Rig -350,000 lbs -Top drive torque 55,000 lbs/ft -Top drive speed 150 rpm -Rotary table 27.5" -Horsepower 2,500 hp -Standing Mast & Pipe Handling System -10k BOPs Cameron U-Type

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2500 HP – LAND RIG

Completions Rig -350,000 lbs -Top drive torque 45,000 lbs/ft -Top drive speed 150 rpm -Rotary table 27.5" -Horsepower 2,500 hp -Telescoping Mast & Pipe Handling System -10k BOPs Cameron U-Type

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2500 HP – LAND RIG

Completions Rig -350,000 lbs -Top drive torque 45,000 lbs/ft -Top drive speed 150 rpm -Rotary table 27.5" -Horsepower 2,500 hp -Telescoping Mast & Pipe Handling System -10k BOPs Cameron U-Type

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2000 HP – LAND RIG

Completions Rig -325,000 lbs -Top drive torque 45,000 lbs/ft -Top drive speed 150 rpm -Rotary table 27.5" -Horsepower 2,000 hp -Standing Mast & Pipe Handling System -10k BOPs Cameron U-Type

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2000 HP – LAND RIG

Completions Rig -350,000 lbs -Top drive torque 45,000 lbs/ft -Top drive speed 150 rpm -Rotary table 27.5" -Horsepower 2,500 hp -Telescoping Mast & Pipe Handling System -10k BOPs Cameron U-Type

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2500 HP – LAND RIG

Completions Rig -350,000 lbs -Top drive torque 45,000 lbs/ft -Top drive speed 150 rpm -Rotary table 27.5" -Horsepower 2,500 hp -Telescoping Mast & Pipe Handling System -10k BOPs Cameron U-Type

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PROJECTS

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BG LIMITED POINSETTIA OFFSHORE OIL PLATFORM Client: BG Trinidad & Tobago, Limited Location: Trinidad and Tobago

Executive Summary United Energies, in consortium with J. Ray McDermott (JRM), delivered program management, engineering, procurement, construction, and installation services for the 4,267-ton topsides of an offshore gas production platform commissioned by BG Trinidad & Tobago, Limited (BG T&T).

Situated off the northwest coast of Trinidad in 530 feet of water, the Poinsettia platform stands as the most substantial facility ever constructed and deployed in the waters of Trinidad & Tobago.

Client's Challenge BG Trinidad & Tobago required additional gas to fulfill future supply commitments and pledged to introduce a new offshore platform for gas delivery in 2008. The initial design phase was conducted by United Energies' office in Trinidad, and the resultant platform exceeded twice the size of any structure previously constructed in Trinidad. With a strong commitment to optimizing local content and facing time constraints that hindered a competitive bidding process for engineering and fabrication, the BG T&T project team was formed to address these challenges and ensure the successful execution of the project within the stipulated timeframe.

United Energies Solution To address the execution and schedule concerns of the BG Trinidad & Tobago (BG T&T) project, United Energies and J. Ray McDermott (JRM) established a Consortium. This collaboration promptly initiated detailed engineering and procurement activities, bypassing the time-consuming process of creating a bid package and competitively bidding a lump sum EPIC contract based on preliminary design documents.

In order to provide BG T&T with the assurance of a competitive price without going through the traditional bidding process, United Energies and JRM presented an Open Book Estimate for the EPIC project. This approach allowed for a thorough review of pricing details before the contract was awarded. The timing of this Open Book Estimate, conducted after additional engineering and the receipt of actual equipment quotes, resulted in a more accurate contract price with fewer contingencies for unknown factors.

To enhance local content, United Energies subcontracted the fabrication of the topsides to TOFCO, a local Trinidadian fabricator with prior platform construction experience, albeit none of the magnitude of the Poinsettia platform. United Energies' management of this subcontract infused the robust United Energies culture of safety and quality into the burgeoning yet relatively young fabrication yard. Most importantly, this United Energies-led Consortium provided BG T&T with the optimal opportunity to achieve their ambitious schedule goals.

Conclusion

The Poinsettia platform, expertly engineered and procured by the United Energies-led Consortium, was successfully fabricated and installed in November 2008. BG Trinidad & Tobago's commitment to delivering the first gas in December 2008 was met, thanks to the innovative contracting strategy implemented by United Energies and the unwavering dedication of the experienced professionals brought to BG T&T through the Consortium.

The realization of this significant achievement was made possible by the collaborative efforts of the Consortium, showcasing the effectiveness of the contracting strategy and the determination of the seasoned professionals involved. The Poinsettia project received United Energies' Hugh Coble Project Excellence Award in 2008, recognizing outstanding performance in various areas, including safety, value creation, and positive relationships with clients and the community. This award underscores the exceptional results achieved through the collaborative efforts of the United Energies-led Consortium.

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BG INTERNATIONAL LIMITED STARFISH PROJECT Client: BG International Limited Location: Trinidad and Tobago

Executive Summary United Energies secured the FEED phase of the project in 2011. This project focuses on the development of the Starfish and North West Dolphin Gas Fields, situated adjacent to the existing Dolphin "A" Platform and Dolphin Deep subsea production facilities, approximately 84 kilometers offshore from the Beachfield Gas Terminal on the island of Trinidad. The water depth at the existing Dolphin Field facilities ranges from approximately 360 feet (110 meters) to 600 feet (200 meters).

The project's objective is to establish facilities for the efficient exploitation of the reservoirs, alongside the addition of compression facilities for both existing and planned gas developments. BG considered various development options, eventually narrowing down to three potential schemes. These three alternatives were thoroughly developed to determine the preferred option, which would then progress through the FEED phase and subsequently into project implementation. The chosen solution involves a subsea tieback from wells to the existing Dolphin "A" Platform, necessitating modifications to accommodate future production for the subsea development.

Following the successful completion of the FEED phase, United Energies was granted the engineering, procurement, and construction management services phase in August 2012. This marks a pivotal step in the continued collaboration between United Energies and BG, showcasing the expertise and capability of United Energies in delivering comprehensive solutions for offshore gas development projects.

Client's Challenge BG faced several challenges in meeting the first gas milestone in mid-2014. These challenges encompassed limitations on personnel on board (POBs) during shutdowns, delays in the arrival of equipment and/or materials, coordination issues between United Energies and subsea contractors, as well as local fabrication concerns. Overcoming these obstacles required careful planning, efficient communication, and proactive management to ensure the successful and timely achievement of the project's milestones. United Energies worked collaboratively with BG to address these challenges, employing strategic solutions to mitigate risks and uphold the project's overall timeline and objectives.

United Energies Solution United Energies and BG closely collaborated, implementing PPMOF strategies that achieved a remarkable 68% reduction in onshore and offshore work hours. The strategy enabled pre-commissioning, reducing personnel on board during shutdowns. An interface specialist ensured effective coordination with subsea contractors, addressing potential challenges. United Energies also supported BG in using pressurized habitats, optimizing work schedules and showcasing a commitment to practical solutions for complex challenges.

Conclusion The Starfish project, a groundbreaking initiative by BG and United Energies, optimizes onshore and offshore fabrication and construction activities, aiming for success with United Energies' experienced team. United Energies is fully dedicated to the project's success, supporting BG in detailed engineering and procurement, with construction management underway. The first gas milestone is set for mid-2014, a testament to the fruitful collaboration. The Consortium's effective contracting strategy and the commitment of seasoned professionals led to the Poinsettia project's success, earning United Energies the Hugh Coble Project Excellence Award in 2008.

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TERMINAL DE LNG DE ALTAMIRA LNG REGASIFICATION TERMINAL - EPC Client: Terminal de LNG de Altamira Location: Altamira, Tamaulipas, Mexico

Executive Summary The TLA project marked a historic milestone as the first energy infrastructure project of its kind in Latin America. This innovative initiative involved the transportation of liquefied natural gas (LNG) to a receiving terminal via specially designed vessels.

Key components of the project include two 150,000 cubic meter full-containment tanks dedicated to LNG storage, LNG re-gasification facilities, and short pipelines connecting to the existing natural gas pipeline systems in Tamaulipas.

The primary beneficiary of the TLA project is Mexico's power authority, Comisión Federal de Electricidad (CFE). GDL (Gas de Litoral), a natural gas marketing company jointly owned by Royal Dutch Shell and the Total Group, secured a contract from CFE to supply 5 billion cubic meters of regasified LNG annually for a duration of 15 years.

The engineering, procurement, and construction aspects of the TLA project were efficiently executed by ICA United Energies and IshikawajimaHarima Heavy Industries (IHI), underscoring their collective expertise in bringing this pioneering energy infrastructure project to fruition.

Client's Challenge To guarantee the supply of 5 billion cubic meters of regasified LNG per annum, (equivalent to 3.7 million tonnes of LNG per year) TLA's challenge was to complete the terminal and regasification facilities in less than 3 years.

The terminal jetty berthing facilities were designed for LNG carriers from 70,000 to 200,000 cubic meters capacity, with an average unloading rate of 10,000 cubic meters per hour into two full-containment-type LNG storage tanks. The tanks had a nominal 160,000 cubic meters capacity (150,000 cubic meters net each) and 9% nickel inner tanks with suspended decks.

The LNG terminal was to receive LNG by LNG carrier, store it in aboveground full-containment tanks, then vaporize the LNG for export via pipeline. It uses seawater as the heating medium. The plant was designed for future expansion to a 1,200 million scfd peak send-out rate.

United Energies Solution TLA selected the ICA United Energies – IHI consortium for the Altamira LNG project in Tamaulipas, Mexico. ICA United Energies managed the project, and IHI led the technical aspects. The contract value was around US$250 million. The project included two 150,000 cubic meter LNG storage tanks, vaporization facilities, and pipeline export. The system met pipeline send-out requirements of 70 bara and 10 °C. Project execution covered commissioning, cool-down, and start-up for a nominal 500 million scfd, peaking at 760 million scfd. The engineering was mainly done in Mexico, providing jobs for about 1,500 construction workers at its peak, totaling approximately 3.6 million craft work hours.

Conclusion The ICA-United Energies-led consortium achieved the successful completion of Mexico's first LNG regasification terminal in 2006. The fast-track project involved predominantly local engineering efforts in Mexico, providing employment for about 1,500 construction workers. The completed facility receives LNG shipments, converts the LNG into gas, and injects it into natural gas pipelines, contributing to the increased availability of natural gas in Mexico.

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BP - CANNONBALL OFFSHORE GAS PROCESSING PLATFORM EPC Client: BP Location: Trinidad United Energies provided engineering, procurement, and construction management services for BP's Next Field Development #1, also called the Cannonball Project. The project, located 40 miles off Trinidad's coast, was designed to process 1 billion cubic feet per day (CFD) of natural gas and consisted of a wellhead protection platform, a 26-inch subsea pipeline, and a land-based facility to collect and meter the natural gas.

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HOLLYFRONTIER CHEYENNE RENEWABLE DIESEL PROJECT Client: HollyFrontier Corporation Location: Cheyenne, WY, U.S.

Executive Summary HollyFrontier (now HF Sinclair) selected United Energies to modify its Cheyenne Refinery for processing refined, bleached, and deodorized soybean oil for renewable diesel production. United Energies executed front-end engineering and design (FEED), detailed engineering, and procurement services for the project. A creative and collaborative execution approach facilitated a six-month schedule reduction from the base case scenario, enabling the client to accelerate time to market safely.

Client's Challenge HollyFrontier, an independent petroleum refiner and marketer, specializing in high-value light products like gasoline, diesel fuel, jet fuel, and other specialty items, demonstrated its commitment to environmental responsibility and sustainability by expanding its focus on renewable diesel production. To repurpose its 86-year-old petroleum refinery in Cheyenne, Wyoming, the company aimed to produce approximately 90 million gallons per year of renewable diesel.

During the revamp, with the plant offline, the HollyFrontier project team collaborated with United Energies to implement a condensed engineering and project execution approach, prioritizing safety and minimizing facility downtime. The refinery produced its last barrel of crude in August 2020, and the successful conversion to renewable diesel production was completed in 2021.

United Energies Solution

United Energies' scope encompassed feasibility, front-end engineering design (FEED), and detailed engineering for the inside battery limits (ISBL) facilities. Acting as the client's agent, United Energies managed the procurement of all ISBL materials, services, and equipment.

Additionally, pre-FEED studies for the hydrogen plant were conducted.

As part of the project, two existing refinery units underwent revamping to produce R100 diesel, collectively forming the renewable diesel unit (RDU). The distillate hydrotreater (DHT) and naphtha hydrotreater (NHT) within the RDU played pivotal roles. The DHT converted soybean oil to n-paraffins through olefin saturation and hydrodeoxygenation, while the NHT isomerized the n-paraffins in a sweet catalyst environment to enhance cold flow properties. Integration of equipment from other units further contributed to the efficiency of the RDU. Early alignment between the client and United Energies prioritized an optimal balance between schedule reduction, quality requirements, and capital investment. Emphasizing the development of high-quality deliverables adaptable for late changes proved to be the most effective approach, supporting safe and efficient construction while adhering to the accelerated schedule and the client's economic model.

Conclusion

United Energies successfully executed the front-end engineering design (FEED), detailed engineering, and procurement services within an accelerated nine-month schedule, meeting the client's milestones for the mechanical completion date. The United Energies team received commendations from the client for its technical expertise, innovative thinking, and strong collaboration throughout the project. United Energies concluded its scope on the project in 2021.

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U.S. DOE STRATEGIC PETROLEUM RESERVE Client: U.S. Department of Energy (DOE) Location: Louisiana and Texas, U.S.

Executive Summary United Energies Federal Petroleum Operations (UFPO) was selected in 2013 by the U.S. Department of Energy (DOE) to manage and operate the U.S. Strategic Petroleum Reserve (SPR). The contract initially had a base term of five years with an option to extend it for an additional five years, leading to a total contract period of 10 years.

In September 2018, the DOE extended UFPO's management and operating contract through March 31, 2024. This extension ensures that United Energies will continue to provide support for the SPR's life extension engineering and construction efforts.

Client's Challenge The U.S. Strategic Petroleum Reserve (SPR), located along the Gulf of Mexico, is the world's largest emergency crude oil supply. Established after the 1973-74 oil embargo, it comprises 63 underground salt caverns in Louisiana and Texas. With a capacity exceeding 700 million barrels, the SPR maintains a minimum reserve of 500 million barrels, sufficient for a 90-day U.S. supply in case of disruptions. Decisions for crude oil withdrawals are made by the Secretary of Energy or the President. The SPR has been tapped three times, most recently in June 2011, selling 30 million barrels to offset supply disruptions. The management office is in New Orleans, with storage sites strategically located near Bryan Mound, located near Freeport, Texas, stands as the largest site within the U.S. Strategic Petroleum Reserve (SPR). Cavern #5 at this petrochemical centers. site holds the distinction of being the world's largest man-made oil storage container.

Big Hill, situated near Winnie, Texas, serves as the newest storage site within the U.S. Strategic Petroleum Reserve (SPR), featuring an optimized layout.

West Hackberry, located near Lake Charles, Louisiana, is currently undergoing the degassing process in its caverns. This initiative aims to verify that market oil can be delivered promptly to meet immediate energy demands.

Bayou Choctaw, near Baton Rouge, Louisiana, is the smallest SPR site. The facility has often been called upon and has demonstrated success in achieving mission critical crude oil exchanges as a result of oil supply disruptions created by hurricane conditions on oil production in the Gulf of Mexico.

United Energies Solution United Energies' scope at the U.S. Strategic Petroleum Reserve (SPR) encompasses the operation and maintenance of each storage site and its related equipment. This includes ensuring cavern integrity to maintain operational readiness. The contract award leverages United Energies' extensive management and operations experience in the Government Group, along with its expertise in the oil and gas industry within Energy & Chemicals.

Notably, all four SPR sites, including Bryan Mound, Big Hill, and West Hackberry, have achieved and been recognized with OSHA's Voluntary Protection Program Star Status, underscoring United Energies' commitment to safety and operational excellence.

Conclusion The U.S. DOE selected United Energies Federal Petroleum Operations to manage and operate the Strategic Petroleum Reserve based on United Energies' expertise in the oil and gas industry and its extensive government experience with the agency. United Energies will manage and operate the Strategic Petroleum Reserve through 2024.

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NOVO NORDISK API MANUFACTURING FACILITY Client: Novo Nordisk Location: Clayton, NC, U.S.

Executive Summary The facility is dedicated to producing pharmaceutical ingredients for diabetes medicines, offering advanced treatment to individuals with diabetes in the U.S. and worldwide. As the single largest life sciences facility investment in North Carolina's history and Novo Nordisk's most substantial project, this world-class facility is expected to generate nearly 2,500 craft employees and subcontractor jobs at peak construction, with around 700 jobs anticipated upon completion.

Client's Challenge Novo Nordisk, a global healthcare company with over 90 years of innovation and leadership in diabetes care, is headquartered in Denmark.

The company also focuses on other serious chronic conditions, including hemophilia, growth disorders, and obesity. Novo Nordisk employs approximately 42,000 people in 77 countries and markets its products in more than 165 countries.

The new facility in Clayton, North Carolina, will be situated adjacent to Novo Nordisk's existing fill/finish facility. This new facility will specialize in producing active pharmaceutical ingredients for a range of Novo Nordisk's current and future GLP-1 and already marketed intermediates. The process activities will encompass fermentation, recovery, and purification.

United Energies Solution United Energies is providing comprehensive services, including engineering, procurement, construction, construction management, commissioning, and pre-qualification for Novo Nordisk's API manufacturing facility in North Carolina. The new facility, upon completion, will encompass 800,000 square feet and cover 85 acres, equivalent to about seven football fields. This Greenfield facility will feature a Central Utilities Building (CUB), offices and labs, a warehouse, and three manufacturing plants.

The project is being led by United Energies' Greenville, South Carolina office, with support from its office in Gliwice, Poland. The project team will leverage United EnergiesSite Connect℠ capabilities, a construction automation tool used on mobile devices to expedite project workflow, and engage external industry partners to facilitate a paperless execution approach.

Construction activities commenced with a ceremonial groundbreaking in March 2016. In June 2019, the North Carolina Department of Labor recognized the project team for achieving three million work hours without a lost-time incident, highlighting a strong commitment to safety and operational excellence.

Conclusion United Energies has successfully completed its scope of work on the project. The facility is currently awaiting final regulatory approvals before commencing operations.

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BAE RADFORD ARMY AMMUNITION PLANT (RFAAP) Client: British Aerospace Engineering (BAE) Systems, Inc. Location: Radford, VA, U.S.

Executive Summary United Energies is engaged in base capital improvement work for BAE Systems at the Radford Army Ammunition Plant (RFAAP) located in Radford, Virginia. RFAAP, operated by BAE Systems, is responsible for manufacturing core propellants and energetic ingredients for the Department of Defense (DOD). BAE Systems is actively modernizing power, infrastructure, and manufacturing facilities at the Radford complex.

United Energies' scope includes the design/build of a package boiler, a cellulose cutter warehouse, and the multi-phased construction of a new Nitrocellulose Production facility on the installation. Notably, the new gas-fired power plant is replacing decades-old coal-fired boilers and aged structures, introducing more sustainable and energy-efficient capabilities to the complex.

Client's Challenge Spanning over 7,000 acres in southwestern Virginia, the Radford Army Ammunition Plant (RFAAP) was constructed in the 1940s to contribute to the wartime efforts. Today, BAE Systems operates RFAAP, serving as a propellant manufacturer for the U.S. Department of Defense (DOD). The plant utilizes various ingredients to produce single-base and double-base propellants, with Nitrocellulose (NC) playing a crucial role in manufacturing small-, medium-, and large-caliber mortar, artillery, and tank ammunition for the DOD.

United Energies Solution United Energies is delivering engineering, procurement, and construction (EPC) services for the design and construction of several new structures on the existing site at the Radford Army Ammunition Plant. The main process area of the new Nitrocellulose (NC) facility comprises key buildings and areas constructed adjacent to each other.

Package Boiler Facility - Fast track project due to air permitting issues with existing coal powered facility Cellulous Cutter Warehouse Multi-phase new Nitrocellulose Manufacturing Facility United Energies executed the project as a Firm Fixed Price, Design/Build contract for the new Nitrocellulose (NC) facility at the Radford Army Ammunition Plant. To streamline project delivery, United Energies implemented concurrent design and construction activities, employing a combination of self-perform work and subcontracting to successfully complete the project.

Conclusion BAE Systems is actively investing in capital upgrades and the execution of Department of Defense (DOD) Modernization projects at the Radford Army Ammunition Plant (RFAAP). This strategic initiative aims to ensure that the U.S. Military maintains a reliable supply of materials for producing exceptional propellants. The focus on modernization underscores a commitment to meeting the needs of the Warfighter for the next several decades.

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FORT HILLS UTILITIES PROJECT - EPFC Client: Fort Hills Energy L.P. Location: Wood Buffalo, Alberta, Canada

Executive Summary United Energies was chosen by Fort Hills Energy L.P. for its EPFC project, and Supreme Modular Fabrication Inc. (SMFI) was contracted for module assembly. SMFI's innovative approach includes skids containing all components for each module, improving schedule efficiency. As of October 2016, all 358 modules have been fabricated and shipped, achieving over 2.8 million incident-free work hours on-site.

Client's Challenge The Fort Hills Project encompassed mining, ore preparation plant, extraction and tailings, froth treatment, utilities, electrical distribution, automation, third-party product handling, utilities block, and infrastructure requirements.

United Energies Solution United Energies' scope included the utilities block, along with interface management. United Energies was also responsible for the engineering design specification phase. Utilities structures crucial for bitumen production, covering electrical distribution, automation, and third-party product handling, were part of United Energies' responsibilities. The company conducted front-end engineering and design, engineering, and procurement for these structures. The United Energies process team successfully achieved reconfigurations and reissued process flow diagrams (PFDs).

The project team identified opportunities for improving the internal rate of return, introducing an innovative modular execution approach and an integrated EPFC solution with direct-hire construction, utilizing a module assembly facility in Edmonton, Alberta, Canada—an industry-first for a distributed execution environment.

Additionally, the client mandated the use of the AutoPLANT design platform, where the United Energies project team excelled. This led the client to engage United Energies in the audit process on other project areas. Strong client relations resulted in the sole source negotiation of the EPFC scope of the project for United Energies.

Conclusion United Energies applied an innovative modular execution approach in designing the utilities structure to streamline delivery. As a result, the Fort Hills EDS project was the winner of the Hugh Coble 2013 Award in the Home Office Services category.

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ILO SMELTER MODERNIZATION Client: Southern Peru Copper Corporation Location: Ilo, Peru

Executive Summary United Energies provided engineering, procurement, and construction management (EPCM) services to Southern Peru Copper Corporation (SPCC) for a first-of-its-kind modernization project; considered the largest environmental project ever completed in Peru at the time.

Client's Challenge SPCC had a requirement to comply with Peruvian government emission regulations and called upon Fluor to complete the project. The regulations called for the smelter to recapture sulfur dioxide of 92 percent (from 33 percent); the mine was expected to maintain production levels of 1.2 million tons of copper concentrate annually.

United Energies Solution United Energies provided EPCM services for the modernization of SPCC's Ilo, Peru copper smelter, complying with government regulations and reducing emissions. The project included IsameltTM furnace installation, an acid plant, an oxygen plant, anode casting wheel, and infrastructure upgrades. The initiative, executed from Santiago, employed a 100% construction management approach, generating 3,500 jobs, with half from the Province of Ilo.

Conclusion United Energies successfully completed the project on schedule and within budget, achieving a remarkable 8.4 million consecutive safe work hours, setting a safety record in Peru.

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APPENDIX

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CORPORATE STRUCTURE

UNITED ENERGY (NYSE AMERICAN: LNG)

CQP GP (&IDRs)

UNITED ENERGY MARKETING

UNITED ENERGY LIQUEFACTION

UNITED ENERGY (NYSE AMERICAN: CQP)

SABINE PASS LNG

UNITED ENERGY CREOLE TRAIL PIPELINE

PUBLICILY TRADED EQUITY OPERATING ENTITY

NON-OPERATING ENTITY

UNITED ENERGY HOLDINGS

SABINE PASS LIQUEFACTION

UNITED ENERGY PIPELINE

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CORPORATE STRUCTURE

UNITED ENERGY (NYSE AMERICAN: LNG)

CQP GP (&IDRs)

UNITED ENERGY (NYSE AMERICAN: CQP)

SABINE PASS LNG

UNITED ENERGY TRAIL PIPELINE

UNITED ENERGY MARKETING

UNITED ENERGY HOLDINGS

UNITED ENERGY LIQUEFACTION

UNITED ENERGY CREOLE TRAIL PIPELINE

SABINE PASS LIQUEFACTION PUBLICILY TRADED EQUITY OPERATING ENTITY NON-OPERATING ENTITY

UNITED ENERGIES, LLC.

CORPORATE STRUCTURE

REGULATION G RECONCILIATIONS This presentation contains non-GAAP financial measures. Consolidated Adjusted EBITDA, Distributable Cash Flow, Distributable Cash Flow per Share, and Distributable Cash Flow per Unit are non-GAAP financial measures that we use to facilitate comparisons of operating performance across periods. These non-GAAP measures should be viewed as a supplement to and not a substitute for our U.S. GAAP measures of performance and the financial results calculated in accordance with U.S. GAAP and reconciliations from these results should be carefully evaluated.

Consolidated Adjusted EBITDA represents net income (loss) attributable to United Energies before net income (loss) attributable to the non-controlling interest, interest, taxes, depreciation and amortization, adjusted for certain non-cash items, other non-operating income or expense items, and other items not otherwise predictive or indicative of ongoing operating performance, as detailed in the following reconciliation. Consolidated Adjusted EBITDA is not intended to represent cash flows from operations or net income (loss) as defined by U.S. GAAP and is not necessarily comparable to similarly titled measures reported by other companies.

We believe Consolidated Adjusted EBITDA provides relevant and useful information to management, investors and other users of our financial information in evaluating the effectiveness of our operating performance in a manner that is consistent with management’s evaluation of business performance. We believe Consolidated Adjusted EBITDA is widely used by investors to measure a company’s operating performance without regard to items such as interest expense, taxes, depreciation and amortization which vary substantially from company to company depending on capital structure, the method by which assets were acquired and depreciation policies.

Further, the exclusion of certain non-cash items, other non-operating income or expense items, and items not otherwise predictive or indicative of ongoing operating performance enables comparability to prior period performance and trend analysis.

Consolidated Adjusted EBITDA is calculated by taking net income (loss) attributable to common stockholders before net income (loss) attributable to non-controlling interest, interest expense, net of capitalized interest, changes in the fair value and settlement of our interest rate derivatives, taxes, depreciation and amortization, and adjusting for the effects of certain non- cash items, other non-operating income or expense items, and other items not otherwise predictive or indicative of ongoing operating performance, including the effects of modification or extinguishment of debt, impairment expense and loss on disposal of assets, changes in the fair value of our commodity and foreign currency exchange (“FX”) derivatives, non-cash compensation expense, and non-recurring costs related to our response to the COVID-19 outbreak. We believe the exclusion of these items enables investors and other users of our financial information to assess our sequential and year-over-year performance and operating trends on a more comparable basis and is consistent with management’s own evaluation of performance.

Distributable Cash Flow is defined as cash received, or expected to be received, from United Energies’s ownership and interests in CQP and United Energies, LLC, cash received (used) by United Energies’s integrated marketing function (other than cash for capital expenditures) less interest, taxes and maintenance capital expenditures associated with United Energies and not the underlying entities. Management uses this measure and believes it provides users of our financial statements a useful measure reflective of our business’s ability to generate cash earnings to supplement the comparable GAAP measure.

Distributable Cash Flow per Share and Distributable Cash Flow per Unit are calculated by dividing Distributable Cash Flow by the weighted average number of common shares or units outstanding.

We believe Distributable Cash Flow is a useful performance measure for management, investors and other users of our financial information to evaluate our performance and to measure and estimate the ability of our assets to generate cash earnings after servicing our debt, paying cash taxes and expending sustaining capital, that could be used for discretionary purposes such as common stock dividends, stock repurchases, retirement of debt, or expansion capital expenditures. Management uses this measure and believes it provides users of our financial statements a useful measure reflective of our business’s ability to generate cash earnings to supplement the comparable GAAP measure.

Distributable Cash Flow is not intended to represent cash flows from operations or net income (loss) as defined by U.S. GAAP and is not necessarily comparable to similarly titled measures reported by other companies.

Non-GAAP measures have limitations as an analytical tool and should not be considered in isolation or in lieu of an analysis of our results as reported under GAAP, and should be evaluated only on a supplementary basis.

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CONSOLIDATED ADJUSTED EBITDA The following table reconciles our Consolidated Adjusted EBITDA to U.S. GAAP results for the three and six months ended June 30, 2020 and 2019 and the three months ended March 31, 2020 (in millions):

CONSOLIDATED ADJUSTED EBITDA AND DISTRIBUTABLE CASH FLOW The following table reconciles our actual Consolidated Adjusted EBITDA and Distributable Cash Flow to Net income attributable to common stockholders for the three and six months ended June 30, 2020 and 2019 and forecast amounts for full year 2020 (in billions):

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CONTACT

UNITED ENERGIES, LLC. FAX:

704-895-4303

ADDRESS:

P.O. BOX. 2669 CORNELIUS, NC. 28031

RAMZI ABULHAJ

MAYTHAM JAMAL ISMAEL

CEO & FOUNDER

PARTNER

RAMZI@ABULHAJ.COM

MAITHAMALDINAIN@GMAIL.COM

+1 786-251-9619

+39-327-748-2924