AFGlobal to Provide Lifecycle Riser Services for IFP Energies Nouvelles

Company Partners with Clip-Riser Developer, IFP Energies Nouvelles to ProvideRiser Inspection, Repair and Maintenance

HOUSTON, TX, November 27, 2017 — AFGlobal today announced that it has entered into an agreement with IFP Energies nouvelles (IFPEN), the developer of the Clip-RiserTM technology, to provide inspection, maintenance and repair of IFPEN drilling risers. The Clip-Riser is a quick and boltless connector technology that has become a resounding technical and commercial success. This technology provides an easy, safe and effective method for connecting riser joints with minimal maintenance.

AFGlobal will partner with IFPEN to provide inspection, maintenance and repair of drilling risers in Brazil, according to IFPEN’s specifications. AFGlobal has also signed a licensing agreement with IFPEN for the worldwide provision of spare parts conforming to the technology’s original specifications. These agreementswill benefit Clip-Riser customers by offering a safe and cost-effective alternative for the inspection, maintenance and repair of their risers.

“AFGlobal is please to support the Clip-Riser technology, which in turn enables us to expand our drilling riser service capability in Brazil,” commented Roland Kennedy, Vice President of Lifecycle Services for AFGlobal. “By adding the global manufacture and supply of Clip-Riser spare parts, we are better positioned to service the needs of our customers.”

“We are delighted to be involved with a company that possesses an excellent track-record and know how in the oil and gas market. This partnership will offer new opportunities to meet the demands for drilling riser services in a consistent manner,” said Daniel Averbuch, Program Manager for IFPEN.

AFGlobal is an oil and gas OEM specializing in technology, products, and services. Our fully-integrated manufacturing capabilities serve clients around the world. We align well-established precision engineering with industry-leading innovation. AFGlobal provides strategic technologies to the upstream market, including advanced drilling systems, pressure pumping technologies, lifecycle services and subsea production systems. Headquartered in Houston, Texas, the Company delivers value through more than 20 facilities worldwide. Learn more at www.afgholdings.com or via Facebook | LinkedIn | Instagram | YouTube.