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Operations - Estrella International Energy Services Ltd.

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Secondary Market ‐ Peru<br />

Three markets in one<br />

• Talara – marginal fields<br />

• Offshore – platform developments<br />

• Jungle – heli rig operations<br />

• Long awaiting jungle<br />

developments finally getting<br />

green light from government<br />

• Offshore activity also set to<br />

increase with new capital coming<br />

into key player<br />

• Will remain a small market, but<br />

with attractive long term<br />

contracting opportunities<br />

Rig 201 After Upgrades<br />

Drilling Rigs<br />

Operating<br />

Workover Rigs<br />

Operating<br />

Active Drilling<br />

Contractors<br />

7 15 4<br />

Source: Baker Hughes<br />

18

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