Noram Drilling As — Fact Sheet (March 2023)

2 slides from Noram Drilling As's fact sheet, March 2023

Slide 1: NorAm has industry leading margins through low opex and G&A
NorAm has industry leading margins through low opex and G&A Company Highlights March 2023 USD per day • NorAm Drilling owns 11 fully upgraded Ultra Super Spec land-drilling rigs $16.0k $18.5k • 15+ years of operating history with a track “Big 4” average record of high uptime and superior drilling ef
Slide 2: Permian Basin in need of increased drilling activity
Permian Basin in need of increased drilling NorAm – selected customers activity • Inventory of “Drilled but uncompleted wells” have declined dramatically since 2020 • Operators are now forced to increase drilling activity to maintain production NorAm outperforming on drilling efficiency Permian, # o