Edgar Stepanyan

BKE Shelf Ltd.

BKE Shelf Ltd. is an offshore drilling contractor providing a full range of integrated well construction services in the Caspian Sea. BKE Shelf employs over 250 staff to offer a complete spectrum of offshore well construction services tailored to our customers' needs. Headquartered in Astrakhan (Russia), the Company also maintains an official representative office in Moscow, and branch offices in Kazakhstan (Aktau) and Turkmenistan (Ashgabat). The Company's Health, Safety and Environment and Quality systems are certified in compliance with industry and international standards and quality management system ISO 9001:2008. BKE Shelf is also a member of the International Association of Drilling Contractors (IADC). The Company currently operates the ASTRA jack-up drilling rig, which has been active in the Caspian Sea since 1999. The American Bureau of Shipping is the maritime certifying authority for the ASTRA. At the end of December 2009 the drilling crew of BKE Shelf Ltd. started construction of the wells from Marine Ice-resistant Fixed Platform (MLSP) in Yu.Korchagin oil and gas condensate field. BKE Shelf has a successful track record drilling in the waters of Russia, Kazakhstan and Turkmenistan. Since commencing operations in the Caspian Sea, the ASTRA has drilled a total of 36 exploration and production wells. BKE Shelf is actively seeking opportunities to expand its business in the Caspian Sea.