Ukraine welcomes world-class drilling technologies as Joe Rainey of Halliburton joins Beiken Energy Ukraine announces

Kyiv, 10 June 2025 – Beiken Energy Ukraine LLC, a company operating in the oil and
gas services market, officially announces the change of ownership. The new owner is Prato Golf Investments LTD (Larnaca, Cyprus), which initiated the creation of a supervisory board to strengthen corporate governance practices and ensure transparency in strategic decision-making.
Ihor Mazepa, CEO of Concorde Capital, has been appointed Chairman of the Supervisory Board of Beiken Energy Ukraine. Joe D. Rainey, an experienced energy manager and strategist with over 40 years of international experience, has also agreed to join the Supervisory Board. Joe D. Rainey is an American executive with extensive experience in the oil and gas service industry, including at Halliburton (Houston, USA), one of the world’s largest oilfield services corporations providing services at all stages of the field life cycle. During his career at Halliburton, he held the following leadership position:

• President of the Eastern Hemisphere Region
  January 2011 – March 2023
• Senior Vice President, Eastern Hemisphere Region
  January 2010 – December 2010
• Vice President, Eurasia-Pacific Region
  January 2009 – December 2009
• Vice President, Asia-Pacific Region
  February 2005 – December 2008

In March 2023, Joe Rainey completed his active career at Halliburton. “I am delighted that Joe has responded positively to our offer to join the Supervisory Board of Beiken. We have known each other for many years, and now we will finally be able to channel our energies into a professional direction. His experience includes managing complex international operations, strategic planning and development of drilling and service businesses in more than 50 countries. I am confident that this will contribute to the company’s development,” said Ihor Mazepa.

“Becoming part of the Beiken team is an interesting and rewarding challenge for me. I hope to contribute my expertise to the company’s continued growth and the implementation of the best international corporate governance practices. I am optimistic about the future of Ukraine, especially against the backdrop of the signing of the US-Ukraine Minerals Agreement,” said Joe D. Rainey.

Information about the company “Beiken”

Beiken Energy Ukraine LLC was founded in 2017 by Xinjiang Beiken Energy Engineering Co, the largest private oil and gas service company in China. At the end of 2024, Prato Golf Investments LTD completed the acquisition of a Ukrainian company.

“Beiken Energy Ukraine operates in the oil and gas services market, specializing in drilling operations, equipment maintenance and repair. The company’s production base in Poltava is equipped with everything necessary for preparing drilling rigs, including flaw detection, testing, and repair.

As of today, the company operates eight drilling rigs and is a leader among private oil and gas drilling companies in Ukraine.