Transcript Parker Drilling Company

Services and Equipment for the Russian Oil and
Gas Industry
December 2, 2003
Greg Helmen, General Manager CIS
Parker Drilling Company
Russian Federation - Major Activity
Rig 236 –
TotalFinaElf
Rig 230 –
Komi Arctic Oil
Xavier –
Labor
Contract
Conoco
Polar Lights
White Nights
ENL - Yastreb
SEIC –
Labor
Contract
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Kazakhstan and Turkmenistan – Major
Activity
Russia
Karachaganak
Tengiz
Kazakhstan
Aral
Sea
Azer.
Korpedje
China
Iran
2
Meeting CIS Customer Requirements
Incorporating Local Resources
 What do Russian contractors bring?





Experience in Russia
Limited Capacity Equipment
Logistics Capability
Low Cost
Turnkey Contracts
3
Meeting CIS Customer Requirements
Incorporating Local Resources
 What do Western contractors bring?






Worldwide experience
High Capacity Equipment
New Technology
Systems approach to HSE and TQM
Day rate Contracts
What do joint CIS/Western contractors bring?
4
Joint Venture Philosophy in the CIS

The whole should be more effective than its parts

Both parties must add value to the joint venture

Both parties must receive fair value for their contributions to the
joint venture

Local content should drive cost out of the business model not
increase it

There must be measurable benefit for the Client

There should be a strategic vision for the future of the joint
venture
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Rationalizing Operational Performance

Understand the client’s project economics

Understand the understanding of the Russian
contractor’s cost

Develop of flexible contracting models to
meet or exceed the client’s objectives

Provide for future development of the local
industry
6
HSE Commitment

Parker Drilling’s HSE Record

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“People are the most valuable resource the company
has, so keeping them safe remains a top priority.”
Committed to
maintaining the
safest work
environment
in the industry
TRIR (Total Recordable Incidence Rate)
Parker Drilling vs. IADC Member Average
4
3.5
3
2.5
2
1.5
1
0.5
0
1999
2000
Parker
2001
IADC
2002
7
HSE Excellence Drives Out Cost
PDC Workers’ (Injury) Compensation Cost
4500000
4000000
3500000
3000000
2500000
Paid
Incurred
2000000
1500000
1000000
500000
0
1996
1997
1998
1999
2000
2001
2002
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PDC Quality Management System
9
Measurable Improvement
Rig Repair Time
Rig Repair Time Report - 3rd Quarter 2003
3.00
Percentage
2.50
2.00
Total Parker
1.50
1.00
0.50
0.00
2002
1st Qtr
2nd Qtr
3rd Qtr
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Current Joint Ventures in the CIS

AralParker CJSC: Kazakhstan

SaiPar BV: Kazakhstan

Parker-TNK-Drilling: Russia
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Parker’s Goal in the CIS
We intend to utilize our experience
and knowledge in the development of
flexible approaches to meeting the
needs and solving the problems of our
customers to ensure our long term
success in the region.
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