22 March 2010

Eclipse Petroleum Technology, part of Petrofac Production Solutions announces an
agreement with Weatherford to further develop and market the production engineering
mentoring and guidance system, PetroAtlas.

Critical knowledge and expertise are embedded in PetroAtlas and delivered in
workflows, guidelines, tools, and best practices to production engineers where and when
they need them. The expert guidance captured in PetroAtlas is already being used by
two large independent oil companies to achieve annual production and cost
improvements of over US $1 billion.

The agreement provides a framework for future development, marketing, and
distribution that is to be shared by both companies. Development will continue at
Eclipse’s London and Aberdeen facilities and Weatherford is including the PetroAtlas
application in its Field Office software suite that is developed at product centres
worldwide.

“We are pleased with the relationship that we have developed with Weatherford. It
provides a strong foundation for expanding the PetroAtlas technical capabilities while
reaching a wider range of customers,” commented Stuart Girling, Managing Director,
Eclipse Petroleum Technology.

“PetroAtlas provides a methodology for effectively combining the technology, skills, and
organisation to fundamentally increase the effectiveness of production engineering
across the entire company. While companies will see immediate beneficial results from
using PetroAtlas, sustainable improvements will typically be realized incrementally over
three years,” added Dharmesh Mehta, Vice President of Production Optimization,
Weatherford.

Weatherford will showcase the PetroAtlas system March 23-25 at the SPE Intelligent
Energy Conference in the Netherlands.