ALWAYS AT YOUR SERVICEiotgroup.com

ALWAYS AT YOUR SERVICE

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HISTORY & FUTUREIOT Group is a wholly owned subsidiary of Petrolia Drilling II AS, which again is a wholly owned subsidiary of Petrolia SE, listed on the Oslo Stock Exchange under the ticker PDR.

IOT Group started as Independent Oil Tools AS back in 1992. Today, IOT Group is an international service organization within the oil & gas industry, with worldwide locations in the most important oil & gas logistics hubs. With products & services ranging from fishing tools to drilling equipment, IOT Group is capable of serving our customers all over the world from our operational centres.

OUR VALUES

RELIABLE PROACTIVE

RESPONSIVE

OUR VISION & VALUES: We have an ambitious vision for the IOT Group going forward: We are always at your service! This is a commitment to deliver products and services that accommodate our customers’ expectations with regard to quality, delivery precision and level of service. Without compromises. Always!

OUR VALUES ARE: > RELIABLE > PROACTIVE > RESPONSIVEThese values define how we want to be seen by our customers, and how we conduct our day-to-day business. We rely on repeat business from our customers to achieve our business model.

OUR PRODUCTS AND SERVICESIOT Group has a wide range of drilling tools that meet the highest quality standards. Our services include rental of drilling tubulars, well-test strings and related accessories, pressure control equipment and various downhole drilling tools. IOT Group also performs Tubular Running Services for onshore and offshore operations, as well as onshore Make & Brake Services.

PRODUCTS > Drill Pipe / HWDP / Drill Collars > Tubing for Well Testing > Handling Joints & X-over Subs > Valves & Handling Tools > Downhole Drilling Tools > Pressure Control Equipment

SERVICESIOT Group has a long record of accomplishments within the following services > Casing & Tubing Running Services > Make & Brake Services

SALESSales of various oil & gas related equipment and rig packages.

SCOPE OF SERVICES PROVIDED

Open & Cased Hole Fishing> Casing Cutting> Milling> Viper Cutting Technology> Packer Milling & Retrieving> Section Milling> Whipstock Side Tracking> Custom made Tools>

Catch Fishing Services is part of Petrolia AS and specializes in fishing and milling rentals and solutions for well interventions

FISHING & MILLING SERVICES

THE NEXT STEP IN OUR INNOVATION

To increase our service level we will launch our online supply portal during the first quarter of 2017. After launching we kindly invite you to experience the ultimate convenience of buying oilfield equipment and supplies online at www.totalrigsupply.com.

Since day one IOT Group charged ahead to innovate the way we work and operate to give our customers the reliable service they expect. An on-demand supply service that's defined by its fast delivery, competitive pricing and customer focus. With over 1800 brands and 1.500,000 products in our portfolio, we know all about your requirements.

You name it, we supply it!

OILFIELD EQUIPMENT& SUPPLIES

core elements of IOT Group’s identity and they are crucial to our success. Most of IOT Group’s locations have a Quality Management System fully ISO 9001 certified, and are working towards meeting the requirements of ISO 14001. We are also registered in the Achilles/FPAL supplier database system. IOT Group is also approved as a Nortest Test Centre.

IOT Group has a fast-growing inventory. All our new equipment is manufactured by approved global vendors, in accordance with the highest industry standard (NS-1) and inspected at same level (NS-2). All well testing strings are supplied with Premium Connections, and maintained and stored to meet the most stringent client requirements. Within Pressure Control Equipment our latest investments all meet API Monogram specifications.

Health, safety and the environment are

DYNOMAX DRILLING TOOLS INC.Our goal is to supply quality downhole drilling tools designed to withstand today’s harsh drilling conditions at economical cost. IOT Group is the exclusive distributor of the DYNOMAX product line.

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PRODUCT LINE

> DYNOMAX Mud Motors > DYNOMAX Shock Tools > DYNOMAX Dyno-Jars > DYNOMAX Slide Reamers

PERFORMANCE DRILLING PRODUCTS ENGINEERED FOR THE OIL & GAS INDUSTRY

DYNOMAX MUD MOTORS

> Variety of rotor and stator configurations > Available for both Oil & Gas and geothermal drilling applications > High Torque Splined Drive Shaft > Oil sealed 1-piece bearing assembly with flow restrictor technology/pressure balanced seals > Surface Adjustable Bent Housing from 0 to 3 in 13 increments > Screw on stabilizers available > 2-7/8" up to 11-1/4"

Double Row Abrasive formation cutter

DYNOMAX SLIDE REAMERS

Multifunctional (Reamer & Stabilizer in one tool)> Designed to ream in a slide position as well as rotating> Permanently rotates perpendicular with the wellbore> Allows maximum performance with minimal torque and drag> > Sealed bearing design Screw on stabilizers available > > 5-7/8" up to 17-1/2"

IOT GROUP INTERNATIONAL EXPERIENCEThe broad experience of IOT Group’s staff and our flexible attitude ensure that all our customers get best economic and technical solution. Thanks to the global nature of our business and our many years working in international markets, IOT Group has gained considerable knowledge of most aspects of export documentation, regulations and procedures, which in turn guarantees total customer satisfaction.

Independent Oil Tools Group’s global subsidiaries include: • IOT, Norway• IOT (-Dosco), The Netherlands• IOT Group Pty Ltd, Australia• IOT Group Pty Ltd, New Zealand• IOT, Romania• IOT, United Arab Emirates• Caspian Oilfield Services Inc, Azerbaijan• IOT, Malaysia• IOT, South Africa• IOT, Ghana• IOT, Iraq

IOT-DOSCO B.V. Boekel 36 1921 CE Akersloot The Netherlands

T: +31 725 333 222 F: +31 725 331 630

www.iot-dosco.nl www.iotgroup.com