JINDAL’S IN OIL & GAS SECTOR Fastest growing Service Contractor

1. JINDAL’S IN OIL & GAS SECTOR Fastest growing Service Contractor

2. DP JINDAL GROUP The DP JINDAL GROUP, one of India’s most respected, diversified and leading Industrial House with revenues exceeding US$ 500 Million, employing more than 3000 people Jindal Group is providing a wide spectrum of highest quality services to Oil & Gas industry in India, such as manufacturing of Seamless Pipes and Tubes, Offshore Drilling Services, Directional and Horizontal Drilling Services, Mud Logging Services etc.

3. DP JINDAL GROUP STRUCTURE • Jindal Drilling & Industries Ltd (JDIL) • Drilling Services (Jack up Rigs) • Directional & Horizontal Drilling Services (SDMM & MWD) • On-line Mud Logging Services • Discovery Enterprises Pvt. Ltd (DEPL) • Business interests in AHTSV, MSV, PSV, LNG Vessels, FPSO, FSO, MOPU etc DrillingServices Offshore Prod. & Support Services • Jaguar Overseas Ltd. • (JOL) • Global Engineering Projects • Maharashtra Seamless Ltd. • (MSL) • API grade Seamless Pipes & Tubes up to 13.3/8” OD and ERW Pipes up to 21" OD DPJINDAL GROUP Manufacturing Global Eng./TradeServices • Jaguar International Ltd. • (JIL) • Import & Export activities of the Group • Jindal Pipes Ltd. (JPL) • API grade ERW, Black and Galvanized Steel Pipes & Tubes up to 20” OD

4. MANUFACTURING - PIPES

5. SNAPSHOTS OF ERW & SEAMLESS PLANT

6. JINDAL DRILLING & INDUSTRIES LTD. OIL & GAS – DRILLING RIGS & SERVICES • One of the major players in the Indian Oil & Gas Drilling Industry since 1988 with over 36 Rig years experience • Won prestigious contracts and awards for both safety and excellence in service including “Without Lost Time Accident Award” • Currently operating Two Jack-up Rigs on contract until 2009 / 2010 • Constructing Two Nos. Premium Jack-up Rigs at Keppel FELS, Singapore with approx. investment of 350 million • Publicly traded in National Stock Exchange (NSE) & Bombay Stock Exchange (BSE) under symbol “JINDRILL”

7. JINDAL DRILLING & INDUSTRIES LTD. DIRECTIONAL & HORIZONTAL DRILLING SERVICES Company is providing Directional Drilling (SDMM & MWD) Services both Onshore and Offshore. Currently having 7 contracts with ONGC and just concluded one with GSPC

8. JINDAL DRILLING & INDUSTRIES LTD. MUD LOGGING SERVICES Providing Integrated On-line Mud Logging Services both Onshore and Offshore. Our Online Real time mud-logging equipment have integrated facilities for continuous & complete acquisition and recording of Geo-scientific & Engineering Drilling Data and complete monitoring of total well operation FEATURES • Advanced on-line data acquisition, monitoring & recording System • Sensors working on 24 V DC supply with 4 – 20 MA • Signal conditioning at sensor end • On-line gas detection equipment working on the principle of Flame Ionization Detector (FID) • Off-line system with advanced utility software packages • Advanced warning system, audio and visual • Fully equipped geological laboratory • Various combinations of services and crew sizes depending on customer requirements and well complexity • Conforming to safety regulations & standards

9. DISCOVERY ENTERPRISES PVT. LTD. DEPL, with the strong back up of the JINDAL group was incorporated in 2003 with an objective to cater to the vast requirement of Indian Offshore & Production Support Services. The group envisages DEPL to become a leading player in the Offshore Services Arena catering to the vast requirements of E&P Sector in India. • OFFSHORE SUPPORT SERVICES: • MULTI SUPPORT VESSEL(MSV) • CONSTRUCTION VESSEL • ANCHOR HANDLING TUGS (AHT) • PLATFORM SUPPLY VESSELS (PSV) • FiFi VESSEL • BARGES INCLUDING ACCOMMODATION/WORK BARGES • LNG VESSELS / TANKERS • FLOATING STORAGE & REGASIFICATION UNIT (FSRU-LNG)

10. AFFILIATION • International Association of Drilling Contractors(IADC), Houston, USA • Founder Member of IADC- South Central Asia Chapter, Mumbai, India • Founder Member and SCM of PETROTECH, one of the largest International Oil & Gas show in India • Confederation of Indian Industries ( CII)- Oil & Gas Division • Federation of Indian Industries   • Indo-American Chambers of Commerce

11. AWARDS • SAFETY AWARD • INDUSTRIAL EXCELLENCE AWARD • BHARAT GAURAV EXCELLENCE AWARD • INTERNATIONAL AWARD FOR EXCELLENCE (Presented at Madrid, Spain in 1996)

12. A STEP AHEAD NEW CONSTRUCTION TWO NOS. PREMIUM JACK UP RIGS FOR 350’ WATER DEPTH & 30,000’ DRILLING DEPTH DELIVERIES 4Q 2008BEING BUILT AT KEPPEL SHIPYARD, SINGAPORE

13. KFELS B-Class Jack up Rig in Operation

14. CONSTRUCTION CERTAINTIES KEPPEL FELS SINGAPORE • A Quality yard • Among the world’s best shipyard • With proven capabilities • With order book of more than 60% of new construction Jack ups • With track record of on-time deliveries PROJECT MANAGEMENT BY JINDAL • Construction is being supervised by highly experienced, professionals specializing in construction technologies • Both projects have dedicated teams of experts who closely monitor the construction of rigs

15. 491 ft 25 ft 70 ft 234 ft KFELS B-CLASSPRINCIPAL DIMENSIONS • Length 234 ft • Breadth 208 ft • Hull Depth 25 ft • Leg Length 491 ft • Useable Deck Area 30,923 ft 2 • Cantilever movement 70x30 ft • Spud Can (Flat to Flat) 53 ft • Fwd - Aft Leg Spacing 129 ft • Port - Stbd Leg Spacing 142 ft • Stern - Aft leg center line 54 ft • Jacking Speed 1.5 ft /min

16. ENVIRONMENT CRITERIA DesignedOperatingConditions 491 ft of Leg Length KFELS B Class design is capable to be upgraded for operations in up to 400’ water depth

17. ENVIRONMENT CRITERIA Designed Storm SurvivalConditions 491 ft of Leg Length KFELS B Class design is capable to be upgraded for operations in up to 400’ water depth

18. WRAP AROUND ACCOMODATION • B-Class incorporate a highly proven wrap around quarters optimizing space & weight. • Reducing wind loading. • Open up valuable deck space for deck storage and working area. • No Protrusion to avoid hitting by boats. • Designed with safety in mind, there are 3 mustering area located at the Port, Stbd & Center which is designed to be very near to the bunk, for the purpose of faster evacuation & separate the “living areas” from the “working areas”.

19. Upper Pipe Rack MAIN DECK Shaker House Roof ADDITIONAL FREE DECK SPACE

20. OPERATIONAL ADVANTAGES • Drilling Capability : 30,000’ Water Depth : 350’ (can be upgraded upto 400’) • STATE OF ART EQUIPMENTto Drill exploratory wells & enhance development drilling operations through Radical Tubular Handling system, High Volume Mud systems, High Pressure Pumping capability and High Torque Drilling equipment • Rig Power : High performance Engines of total9275 HP • 3000 HP Draw works having AC controls (VFD) & Joystick and 750 Ton Top Drive for drilling cleaner, safe & faster (25-30%) wells • Bearing pressure of spud can is less than 39 MT/Sq. Mtr. with jacking system capable of lifting hull during preloading. This reduces the risk of damages to the legs during punch through • 3 Mud pumps of 2200 hp each 7500 psi

21. OPERATIONAL ADVANTAGES Contd. • 4 Linear motion/ Elliptical shale shakers • ERD wells up to 5000 - 6000m drift & tap larger quantity of oil & gas & faster than present fleet of old rigs. • Larger Drilling Envelope (cantilever reach) of 70’ x 30’ • Drillers cabin has CCTV display from cameras at derrick floor, cellar deck, Top drive movement adding to efficiency. • Enhanced Monitoring Systemfor each pinion load monitoring & faster jacking system of 1.5 ft/min • Capable of lifting the hull during preloading also.This reduces the risk of damages to legs during punch through • Designed to handle oil base mud for drilling faster & complicated wells

22. OPERATIONAL ADVANTAGES Contd. • Discharge capabilities in compliance to upcoming pollution control requirements • Provision for transmitting drilling parameters on line to base if satellite link available • Pollution Abatement equipment like oil water separator, treat to 15ppm before discharge, & collection of all drains on rig, waste food disposal, sewage collection & treatment plant • Equipped with rotating mouse hole & drill stand racking system will add to efficiency as stands can be made or broken while drilling is going on • Provision for installing equipment for collecting the well-cuttings and dry them before transportation to base • 3 Deck cranes of 50 ton capacity each with 120‘ boom to cover all areas

23. BOP & DIVERTER • Annular BOP 21-1/4” 2000 psi • 2-double ram 13-5/8” 10000 psi with HP lines of 15000psi • BOP controls 22 Accumulators x 10 gallons x 3000 psi • Diverter System 29-1/2” 500 psi • Choke & Kill Lines 15000 psi • Cement Lines 15000 psi

24. DRILLING INSTUMENTATION • Driller's Display panel • Data Acquisition Unit • Analogue meter display panel for • Mud pit level indicator • Trip tank level indicator • BOP mini control panel • Hook load indicator • Mud pump stroke indicator • Stand pipe pressures indicator • All these parameters shall also be displayed in Toolpusher’s office as well as Company man’s office in addition to driller’s cabin

25. AC DRILLER’S CABIN WITH CHAIR EDS DRILLING SCREEN

26. JACKING SYSTEM No of Pinion 36 ( 4 on each chord of triangular 3 legs) Ratings Normal jacking 1000 Kips Emergency jacking 1300 Kips Max holding 1869 Kips Jacking speed 1.5 Ft./Min Jacking system is capable to lift the hull during preloading also. This reduces the risk of damages to legs during punch through. Anchor Winches 4 No, 40 HP each

27. VIEW OF JACK HOUSE Enhance Monitoring System (EMS) Jack Control Room JACKING SYSTEM

28. STORAGE CAPACITIES

29. RECOGNITION OF JINDAL GROUP WITHIN AND OUTSIDE INDIA

32. MSL one amongst top 23 companies selected in India from various sectors.

33. JINDAL GROUP OIL & GAS SECTOR Upstream, 1 September 2006 India driller charts path for growth Jindal follows up restructuring with pursuit of international partnershipsERIK MEANS, Oslo JINDAL Drilling & Industries of India, having just approved a restructuring and merger process that has more than doubled its size, is pursuing international partnerships to fulfill its aggressive expansion plans. In a board meeting on 25 August, a demerger of Jindal’s casing subsidiary Haraya Engineering was confirmed, while two other entities owned by parent DP Jindal Group — drilling services units Newsco Newtech and Discovery Hydrocarbons — have been merged into Jindal Drilling. “We are now two-and-a-half times our earlier size,” said Manav Kumar, a senior manager at Jindal Drilling and son of company managing director Naresh Kumar. “Our prospects are now much better, and we’re getting aggressive in the international market.” The company manages a pair of Noble jack-up rigs on longterm charter to India’s Oil & Natural Gas Corporation (ONGC). It also has two 350-foot jack-ups of its own being built at Keppel Fels in Singapore and due for delivery in the third and fourth quarters of 2008. Jindal is now hoping to expand its operating experience into semi-submersibles and drillships in a bid to gain a slice of the deepwater market, though it realises it will need to do so through partnerships with experienced hands. The younger Kumar is also director of another DP Jindal Group company, Discovery Enterprises — an offshore support services outfit with big growth ambitions of its own. Discovery’s claim to fame thus far is its alliance with Norwegian shipowner Seatankers on the fiveyear, $183 million charter of the Crystal Sea mini-floating production, storage and offloading vessel to ONGC for use on the Bombay High North field. Though start-up from the field has been delayed several months due to a fault with the FPSO’s import riser, Kumar said he expects first oil to flow “by the end of October”, after the end of the monsoon season. Discovery is now pursuing entry into new markets, including supply vessels, anchor handlers, offshore construction and liquefied natural gas vessels, hoping to forge alliances with established foreign players keen to gain a foothold in the fast-expanding Indian market.

34. JINDAL GROUP OIL & GAS SECTOR Jindal Drilling Re-lists at a Premium on Indian Stock ExchangesRIGZONE.COM ARTICLE Tuesday, January 02, 2007 Jindal Drilling & Industries Ltd, (a DP Jindal Group Company) a major offshore drilling contractor in India, has recently completed financial restructuring to chart out strategic future growth. The company has successfully completed the merger of the group entities in the similar business and has effected de-merger of its other entities, which gives them a focused approach on its core area of drilling. With the bullish analysis by major analysts, the company's stock of face value INR 10.00 (US$0.22) was re-listed back on Indian stock exchanges on December 22, 2006 at a value of INR 655(US$14.55) and touched the intraday high of INR 702($15.6). The Board approved to pay a dividend of 25% on equity shares in its annual general meeting held on December 15, 2006. The Company is currently operating two jackup rigs on long-term contracts for the national oil company, ONGC Ltd. The company is further executing six directional drilling contracts (MWD&SDMM) and also operating various mud logging units for E&P companies. There are also plans to branch out in the area of deepwater operations and also work over rigs. The Group has also committed US$350mn for the construction of TWO 350/400’ IC jackup rigs at Keppel shipyard in Singapore, coming out in Sep 2008 and Nov 2008, respectively, and are available for contracts worldwide. Being one of the oldest premium drilling contractors of India, the company has rich experience in the field of offshore drilling and has enormous prospects in India where the energy scenario is more vibrant than ever due to string of several huge finds by E&P companies, like Cairn Energy, Reliance and ONGC, etc.

35. JINDAL GROUP OIL & GAS SECTOR IN INDO-NORVEGIAN MEET 2006 NYHETER Dagens Næringsliv. Tirsdag 31. oktober 2006 In photo, Left to Right Mr. Manav Kumar, Director Jindal Group, Mr. Atul Chandra, President Reliance Industries Ltd. & Mr. Wilhelm P. Blystad

36. Hon’ble Prime Minister of India Dr. Manmohan Singh inaugurated theENERGY CONCLAVE 2006 “Implementing the Integrated Energy Policy” on 26-28th July 2006. Jindal Drilling was an active participant in the event

37. May 09, 2006 ONGC recognizes Jindal Drilling as the representative of the Industry and invites M.D, Jindal Drilling to share the dias with the board Members of ONGC in its Vendor’s Meet Mr. Naresh Kumar- Managing Director Jindal Drilling & Industries Ltd. addressing the Vendors meet of 2006 of ONGC

38. JINDAL GROUP RECOGNITION IN INDIAN OIL & GAS SECTOR PETROTECH the largest OIL & GAS Conference and Exhibition in India organised by Ministry of Petroleum, Govt. of India Mr. Naresh Kumar MD JDIL Delivering speech during valedictory session of Petrotech 2005 Conference On Dais: Chairman Petrotech society, Secretary Petroleum and Chief Guest – Honble’ Minister of External Affairs, Govt. of India The conference was attended by 4000+  delegates from 132 countries from all over the world

39. JINDAL GROUP OIL & GAS SECTOR IN PETROTECH EXHIBITION’2005 Noble-Discovery Downhole Technology Stall was awarded the Second prize in the category of Technology Innovation

40. JINDAL GROUP HON’BLE THE THEN PRIME MINISTER OF INDIA. SHRI A. B.VAJPAYEE PRESENTING AWARD TO JINDAL GROUP COMPANY

41. JINDAL GROUP His excellency Vice President of India. Shri Bhairon Singh Sekhawat presenting the Award to Jindal group Company Mr. D.P.Jindal, Chairman JDIL along with Hon’ble Prime Minister of Laos at a Lunchion Meeting in New Delhi

42. JINDAL GROUP

43. GURGAON GHAZIABAD NEW DELHI ASSAM AHMEDABAD KOLKATA BARODA BHUBANESWAR MUMBAI CHENNAI NAGOTHANE KARAIKAL Map not to Scale JINDAL’S STRATEGIC LOCATIONS IN INDIA