Letter from the President and CEO

STEP OILTOOLS has been launched to fill a need in the market place for an independent Drilling Waste Management company.

The new company has been established as a Joint Venture between Aker Solutions and Chris Pianca. It is the aim of the company to provide the highest quality services using a combination of wholly–owned subsidiaries, joint ventures and associated companies. Chris Pianca and a carefully selected management team will be responsible for the day to day operations of the company.

Aker Solutions is a leading global provider of engineering and construction technology products with integrated solutions to the oil and gas industry. STEP OILTOOLS has been appointed as the exclusive distributor for Derrick Equipment products in Russia, Caspian countries and West Africa. This agreement covers the full Derrick Oilfield product line including shale shakers, mud cleaners, centrifuges, degassers, flow dividers, together with shale shaker screens and spare parts.

STEP OILTOOLS will eventually have a presence in all of the worlds’ major markets and will have the capability to provide the full range of DWM products and services.

STEP OILTOOLS management is very aware of the need to provide a duty of care for all employees, contractors, clients and the general public at large. Wherever we operate we will be committed to meeting our statutory requirements and completing our work in the safest practical manner which will exceed our clients’ expectations.

We look forward to being of service to you in the future.

Chris Pianca

President and CEO