Summit International Corporate Overview

CORPORATE OVERVIEW

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Executive Overview ◆ Summit International, a SITCO Enterprise LLC company, takes pride in decades of experience in manufacturing of oilfield and industrial products to oil & gas companies, rig manufacturers, drilling contractors, tubular running services, refineries, petrochemical and power generation plants, exploration and production operations, marine industries, engineering & construction companies, and bio-remediation projects for many decades. Summit International has decades of experience in the Oil & Gas sector and hold offices in the USA. ◆ Summit International and associate companies own and operate a full fleet of drilling rigs and other oilfield services equipment to meet our clients’ most challenging jobs.

We have been providing drilling and drilling-related services such as Tubular Running Services, Coring Services, Fishing Services, rental tools, drilling jars, under-reamer services, RTTS packer & Bridge plug, and casing patch for many years. Our main clients for the drilling services are oil, gas, and energy companies, port operators, governments, shipping companies, international project developers, mining companies, and related EPC (sub) contractors and insurance companies. ◆ We are also worldwide supplier of oilfield and industrial products to oil & gas companies. We have a proven record servicing domestic and international markets. Our experience and technical knowledge have made us a prime source of supply and service to major companies worldwide. Our close association with manufacturers in various industries in form of "agency" or "preferred account", enables us to offer the most professional service to our clients. Our full range of products and services are available to all companies that are searching for the right solution.

Summit Oilfield Services We undertake planning, design, development, construction, testing, and maintenance of turnkey projects and installation of oi l and gas facilities: Rigs, wells, pipelines, flow stations, and platforms onshore.

For additional information you can check our website at www.summititc.com

EPF (EARLY PRODUCTION FACILITY)

WELL TESTING

PRODUCED WATER TREATMENT

INDUSTRIAL WATER TREATMENT

DIRECTIONAL & HORIZONTAL DRILLING

CORING SERVICES

TUBULAR RUNNING SERVICES

MUD ENGINEERING SERVICES

FISHING SERVICES

DRILLING FLUID SERVICES

Summit Manufactured Products We are also global manufacturer and Supplier Of Oil and Gas Equipment.

For additional information you can check our website at www.summititc.com

OILFIELD LUBRICANTS AND SEALANTS

SPECIALTY OIL TOOLS

CHEMICAL INJECTION SYSTEM

WELLHEAD MAINTENANCE LUBRICATORS

OILFIELD FLUIDS AND CHEMICAL

WELLHEAD AND PRESSURE WASHER

FR WORK APPAREL

ENVIRO – CLEAN TOOLS

Worldwide Supplier We are also a global supplier of Oil and Gas Equipment. Cooperating with a strong supply chain including major organizations and manufacturers within the past decades has enabled Summit to prove to be a reliable provider of products and equipment. Fo r additional information you can check our website at www.summititc.com

OILFIELD TOOLS & EQUIPMENT

VALVES & AUTOMATION

STUFFING BOX SEALS & GASKETS

TUBULAR PRODUCTS

INSTRUMENTATION TUBING, VALVES, & FITTINGS

SPILL RESPONSE & REMEDIATION

WELL SERVICE PRODUCTION & EQUIPMENT

WELL MONITORING SYSTEMS

WATER TREATEMENT SYSTEMS & FILTRATION

POWER GENERATION EQUIPMENT & PARTS

MINING & MATERIAL HANDLING EQUIPMENT

CENTRALIZERS, FLOATS, MECHANICAL CEMENTING PRODUCTS

AIR CONDITIONING & REFRIGERATION SYSTEMS

Our Quality Policy ◆ The quality policy objective of Summit is to provide the best quality Product and Services in a highly cost-effective manner to our clients through a well-defined workflow and established communication system within the organization by ensuring compliance with codes of practice, standards, and regulatory requirements of the operating region. Summit has adopted the standards of ISO 9001:2008 for implementation across the group. ◆ The activities of the Summit management system are closely related to: Quality and Client satisfaction in all levels of activities ◆ Effective promotion of safety and environmentally friendly practices in all activities ◆ Safeguard the Company’s property and assets ◆ A commitment to achieving the objectives and continuous improvement at all company levels is focused on effective communication systems, both internally and externally, to ensure timely distribution of accurate information as and when required. Also, to develop new technological know-how to improve equipment and operation methods to optimize products and services.

Our Governance ◆ STRATEGIC POSTURE In congruence with the regional development plans, Summit is committed to contributing to the oil and gas industry through its acquired strategic knowledge and expertise within the spheres of exploration, development, and production. Through strict ethical and legal codes of conduct, this organization strives to evolve into a leading regional enterprise in the onshore and offshore drilling operations and its related services. In doing so, Summit aims to develop a competitive portfolio through strategic alliances to deliver, in the forms of value creation, to its stakeholders. In realization of this vision, we formulated the strategies to: • • •

Exploit the full potential of capacity Capitalize on core values Ultimately, to evolve as a leading enterprise in this region

Corporate Governance ◆ Summit, continuously monitored by the Board, has adopted strict standards on its workforce and workflow at all organizational and hierarchical levels. Implicit in this philosophy is the significance of sound corporate governance that endorses the organiza tional ‘Core Values’ and ‘Outlook on Success’, which serves the cause for a responsible corporate culture and sound decision -making. These Core Values and Outlook on Success are further expanded thus:

◆ CORE VALUES • Integrity • Teamwork • Excellence • Continuous Learning ◆ OUTLOOK ON SUCCESS • Contributing to the cause that makes a difference • Delivering unmatched value to stockholders • Being cost-efficient in all endeavors • Acquiring and allocating resources effectively ◆ Summit has adopted a vibrant matrix organizational structure through which projects of onshore and offshore nature are continuously supported in an integrated manner by Operational, Technical, Financial, Legal, Commercial, and Administrative teams managed b y the Executive team and monitored by the President and the Board with in-depth knowledge and expertise accumulated over the span of three decades.