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Operations - Estrella International Energy Services Ltd.

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Secondary Market ‐ Bolivia<br />

Market that has mixed reviews,<br />

but with real potential<br />

• Bolivia is home to some of the<br />

most prolific gas resources in the<br />

world<br />

• Government involvement in the<br />

industry had increased, but has<br />

now scaled back to be more<br />

operator friendly<br />

• Operators that remain in Bolivia<br />

are good counterparties<br />

(Petrobras, PlusPetrol, Oxy etc..)<br />

• Small often overlooked market,<br />

with activity returning to strong<br />

levels<br />

Rig 1001 Operating outside Santa Cruz<br />

Drilling Rigs<br />

Operating<br />

Workover Rigs<br />

Operating<br />

Active Drilling<br />

Contractors<br />

8 Approx.18 6<br />

Source: Baker Hughes<br />

19

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