A History of Innovation & Ingenuity Gary Rich, Chairman, - PowerPoint PPT Presentation

A History of Innovation & Ingenuity Gary Rich, Chairman, President & CEO NOMADS Dinner August 2014 1 CONFIDENTIAL: FOR PARKER DRILLING INTERNAL USE ONLY

Business Focus Parker Drilling is a global provider of drilling, drilling related services, and rental tools to the U.S. and international energy markets, safely delivering innovative, reliable and efficient performance and sustainable results that help our customers reduce their operating risk and costs . 2 CONFIDENTIAL: FOR PARKER DRILLING INTERNAL USE ONLY

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1934: Founded in Oklahoma Gifford C. Parker 5 CONFIDENTIAL: FOR PARKER DRILLING INTERNAL USE ONLY

1935: Parker pioneers use of diesel-electric rigs PDC rig hands 6 CONFIDENTIAL: FOR PARKER DRILLING INTERNAL USE ONLY

1957: Company enters Middle Eastern market King Hussein visits Parker rig site, Jordan 7 CONFIDENTIAL: FOR PARKER DRILLING INTERNAL USE ONLY

1967: Parker pioneers helicopter-transportable rig technology TBA rig-up, Ecuador - 1970 TBA test-run, Odessa yard - 1971 8 CONFIDENTIAL: FOR PARKER DRILLING INTERNAL USE ONLY

TBA technology makes this possible PDC Rig 226HH, Papua New Guinea - 2005 9 CONFIDENTIAL: FOR PARKER DRILLING INTERNAL USE ONLY

1968: Parker rigs drills for U.S. Atomic Energy Commission on Amchitka Island, Alaska Drill bit used to drill 90-inch diameter holes for Atomic Energy Commission 10 CONFIDENTIAL: FOR PARKER DRILLING INTERNAL USE ONLY

1978: Parker drills first offshore test well in the Rockies PDC Rig 148, Great Salt Lake 11 CONFIDENTIAL: FOR PARKER DRILLING INTERNAL USE ONLY

1984: CIDS (Concrete Island Drilling System) PDC Rig 217 Alaska 12 CONFIDENTIAL: FOR PARKER DRILLING INTERNAL USE ONLY

1991: Expanding our footprint: First Western drilling contractor to work in the Soviet Union 13 CONFIDENTIAL: FOR PARKER DRILLING INTERNAL USE ONLY

2012: Rig 272 goes to work on Alaska’s North Slope 14 CONFIDENTIAL: FOR PARKER DRILLING INTERNAL USE ONLY

2013 – Parker’s Yastreb crew helps customer set yet another extended reach drilling (ERD) world record! 15 CONFIDENTIAL: FOR PARKER DRILLING INTERNAL USE ONLY

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