MCC Petroleum • Scaltech • Noroil • NESR

MCC Group Oil & Gas Platform

40,000 haGuatemala PSA block
121.8 MMbblCorocoro remaining reserves reference
60,000 t/yTrinidad & Azerbaijan bitumen projects
Mar y Para2,000 to 20,000 BPD rehabilitation; expansion up to 30,000 BPD

Oil and gas profile.

MCC Group Oil & Gas combines field operating experience, oilfield rehabilitation, bitumen production, hydrocarbon recovery, crude marketing and strategic partner capabilities. Noroil and NESR are presented as MCC Group-affiliated execution platforms, with Noroil and MHM supporting reservoir evaluation and field development and NESR supporting drilling and workover execution.

Commercial Platform

MCC Petroleum provides crude marketing, structured finance, trading, EPC coordination, surface facilities, tank farms, flowlines, process units and project development.

Scaltech Oilfield Operating Experience

Scaltech provided oilfield operating experience through hydrocarbon recovery, sludge processing, crude handling, field plant operation, environmental services and oilfield support activities.

Technical Execution

Noroil and MHM support reservoir evaluation and field development planning. NESR supports drilling, workover and downhole execution. Cornea Services supports industrial field execution, construction and technical services.

Guatemala, Azgerneft and Corocoro experience.

These references show operating and project experience in upstream concessions, oilfield processing, sludge recovery and offshore field support.

Guatemala PSA / Northern Peten Basin

The Group had a PSA with the Guatemala Government for the A1-2006 oil and gas block in the Northern Peten Basin. The project covered approximately 40,000 hectares, involved significant studies, 215 km² of 3D seismic and drilling, and ultimately led to a field that entered production.

Azgerneft / SOCAR Baku Operations

Scaltech developed and operated oilfield sludge and floating oil processing facilities in Azerbaijan, including a Baku processing facility for Azgerneft / SOCAR and Ramana-related oilfield rehabilitation initiatives.

Corocoro Offshore Involvement

MCC Group funded and became involved in Corocoro offshore oilfield operations through STALCO, which held an Alianza contract with Petrosucre, the field operator.

Guatemala A1-2006 Experience
Guatemala A1-2006 ExperienceNorthern Peten Basin, 40,000 hectares, Ocultun-1 and resource references.
Azgerneft / SOCAR Processing
Azgerneft / SOCAR ProcessingFloating oil processing facility in Baku, Azerbaijan.
Corocoro Offshore Platform
Corocoro Offshore PlatformWHP equipment, producers/injectors and offshore operations scope.

Preapproved bitumen production projects in Trinidad and Azerbaijan.

The Group's bitumen platform is based on preapproved project concepts using residual asphalt, acid tar and bituminous resources, converting environmental liabilities into commercial road bitumen and related products.

Azerbaijan – Girmeki Acid Tar

Proposal for tar / bitumen production from Lake Girmeki acid tar using Scaltech solvent extraction and high-speed centrifugation technology, existing plant infrastructure and local/regional bitumen demand.

Trinidad Asphalt Bitumen

Process flow diagrams show an asphalt bitumen plant concept using excavation, melting tanks, shredding/conveying, straining and product handling for asphalt/bitumen resources.

Girmeki Market Case

Phase 1 production target of 25,000 t/y and expansion case of 50,000 t/y for the Azerbaijan and Georgia road bitumen markets.

Girmeki Acid Tar Summary
Girmeki Acid Tar SummaryInvestment case, production volume, revenue and payback summary.
Trinidad Lake Asphalt Lake
Trinidad Lake Asphalt LakeNatural asphalt resource at La Brea, Trinidad for the Trinidad bitumen production concept.
Girmeki 3D Model
Girmeki 3D Model3D model for the Girmeki asphalt/bitumen plant configuration and process layout.

Current proposals: Mar y Para and Corocoro.

Current Venezuelan oilfield proposals combine field rehabilitation, production enhancement, crude commercialization, financing, logistics and operational support.

Mara and La Paz Proposal

Proposal for reactivation and rehabilitation of mature fields under the 2026 hydrocarbons reform framework, combining MCC Petroleum, Scaltech Venezuela, NESR and trading/finance capability.

Mar y Para Proposal

Brownfield rehabilitation plan targeting production increase from approximately 2,000 barrels per day to 20,000 barrels per day, followed by production expansion up to approximately 30,000 barrels per day through additional redevelopment, surface facility improvements, well services, financing and crude marketing.

New Corocoro Proposal

Corocoro proposal includes production increase, crude dispatch and STS operations, logistics support, safety, mechanical integrity, FSO recovery and commercialization.

Mara and La Paz Proposal
Mara and La Paz ProposalInvestment proposal for reactivation of Mara and La Paz fields.
Oilfield Rehabilitation Picture
Oilfield Rehabilitation PictureOilfield and processing facilities supporting mature field rehabilitation initiatives.
Corocoro Proposal
Corocoro ProposalProposal for recovery of the Corocoro field and associated logistical activities.

Other opportunities through MHM association.

Through its association with MHM, MCC Group has access to a broader Venezuela oil, gas and asphalt opportunity platform including Guanoco, Anaco-Monagas, Rio Caribe, Patao, Mejillones and Barracuda.

Guanoco Oil, Gas and Asphalt

Large oil, gas and asphalt development opportunity in Sucre / Monagas, aligned with MCC's hydrocarbon recovery and bitumen technologies.

Anaco-Monagas Gas Chain

Large gas chain opportunity involving recoverable gas and liquids, field redevelopment and long-term gas monetization potential.

Offshore Gas

Rio Caribe, Patao, Mejillones and Barracuda represent offshore gas and condensate opportunities in Venezuelan waters.

MHM Project Portfolio
MHM Project PortfolioVenezuela oil, gas, asphalt and offshore gas portfolio map.
Guanoco Field
Guanoco FieldOil, gas and asphalt development opportunity.
Anaco-Monagas
Anaco-MonagasGas chain opportunity in eastern Venezuela.
Rio Caribe / Patao / Mejillones
Rio Caribe / Patao / MejillonesOffshore gas and condensate opportunities.
Barracuda Block
Barracuda BlockOffshore gas prospect in the Gulf of Venezuela.

Technology and execution capabilities.

Execution is presented in two groups: core technical and commercial capabilities, followed by partner and affiliate execution platforms.

Core Technical & Commercial Capabilities

Oilfield Recovery

Sludge recovery, lagoon remediation, slop oil processing, crude dehydration and centrifuge separation.

Bitumen / Asphalt

Acid tar and asphalt resource processing through melting, solvent extraction, high-speed centrifugation and solids handling.

Upstream Execution

Reservoir studies, workovers, drilling, gas lift, compression, field operations and production enhancement.

Commercialization

Crude marketing, STS operations, cargo purchase, pre-export finance and offtake structures.

Infrastructure

Tank farms, flowlines, process units, export logistics, dewatering and desalting systems.

Environmental Value

Conversion of residual hydrocarbon liabilities into commercial products and remediation of contaminated sites.

Affiliates & Execution Partners

MCC Petroleum

Surface facilities, crude handling, EPC coordination, tank farms, pipelines, process units, export infrastructure and crude marketing.

Visit MCC Petroleum

Scaltech International

Hydrocarbon recovery, oilfield environmental services, sludge processing, centrifugation, bitumen production and thermal desorption.

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MHM

Strategic Venezuela oil, gas and asphalt opportunities, reservoir evaluation, field development planning and project portfolio access.

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Noroil

Reservoir evaluation, field development planning, upstream technical review and production enhancement concepts.

Visit Noroil

NESR

Drilling, workover, stimulation, completions, cementing, coiled tubing and production services.

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Cornea Services

Industrial services, construction support, mechanical works, technical manpower and field execution support.

Visit Cornea Services

MCC Group Oil & Gas

Organized into operating experience, preapproved bitumen projects, active field proposals and MHM-associated strategic opportunities.

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