Principles

BICO Drilling Tools (or “the Company”) is committed to conducting business ethically and legally throughout the world. This commitment extends to the Company’s dealings with its vendors and suppliers (collectively “Suppliers”). The Company has developed these Vendor & Supplier Business Integrity Principles (“Supplier Principles”) to clarify BICO’s global expectations of its Suppliers. These Supplier Principles are intended to complement Schoeller Bleckmann’s Code of Conduct and policies and procedures referenced therein.

Suppliers will uphold the human rights of workers as understood by the international community and support the principles of the United Nations Global Compact, the UN Universal Declaration of Human Rights, and the 1998 International Labour Organisation Declaration on Fundamental Principles and Rights at Work. This commitment is set forth in Bico’s Code of Conduct and Human Rights Policy.

• Child Labor: Suppliers will not employ workers under the age of 15.
• Forced Labor: Suppliers will not use forced or compulsory labor.
• Compensation and Working Hours: Suppliers will comply with applicable laws and regulations regarding working hours, wages, and benefits.
• Discrimination: Suppliers will not discriminate on the basis of race, religion, disability, age, sexual orientation or gender.

Suppliers will commit to creating safe working conditions and a healthy work environment for its employees. Suppliers will comply with all applicable occupational health and safety regulations and will provide a work environment that is safe and conducive to good health in order to preserve the health of employees and prevent accidents, injuries, and work related illnesses. Suppliers will perform risk analyses and assessments in these areas and implement appropriate measures to prevent or mitigate these risks.

Suppliers should maintain the quality of the services and products they provide through constant ongoing review of all aims, outcomes, and cost-effectiveness of every activity.

Suppliers will comply with all applicable anti-bribery laws and regulations. In particular, Suppliers will compete fairly for the Company’s business, without paying bribes, kickbacks, or anything of value to secure an improper advantage.

Suppliers should understand and will follow all applicable international trade control laws and regulations, including those relating to economic sanctions, customs requirements and export controls. Suppliers should comply with applicable laws prohibiting cooperation with boycotts or restrictive trade practices imposed by laws of certain countries.

Suppliers will act in accordance with all applicable antitrust and competition laws and will not participate in price fixing, market or customer allocation, market sharing or bid rigging with competitors.

Suppliers will protect the Company’s intellectual property in ways consistent with the law and will respect the intellectual property rights of others.

Suppliers will act in accordance with all applicable laws, regulations and standards regarding environmental protection. Suppliers will minimize environmental pollution and implement an effective system to identify and limit potential hazards to the environment.

Suppliers will not employ or otherwise make payments to any BICO employee during the course of any transaction with the Company. Friendships outside of the normal course of business are inevitable and acceptable, but Suppliers should take care that any personal relationship is not used to influence the BICO employee’s business judgment. If a Supplier employee is a family relation (spouse, parent, sibling, grandparent, child, grandchild, mother- or father-in-law, or same or opposite sex domestic partner) to a BICO employee, or has any other relationship with a BICO employee that might represent a conflict of interest, the Supplier should disclose this fact to BICO’s President and VP Supply Chain & Assets or ensure that the BICO employee does so.

Suppliers who believe that a BICO employee, or anyone acting on behalf of the Company, has engaged in illegal or otherwise improper conduct, should report the matter to the Company. Suppliers can contact the employee’s supervisor or BICO’s President or go to the Company’s Ethics Hotline at Https:/www.sbo.at/whistleblowing to file a report online. BICO’s relationship with Suppliers will not be affected by a good faith report of potential misconduct.

BICO Drilling Tools, Inc. designs and manufactures standard and customized equipment including Down Hole Motors, Thru-Tubing Motors, PBL Bypass Subs and Jetting Tools, Non-Mag Collars, Drilling Jars, Shock Absorbers, and Even Wall® Power Sections.

BICO is a subsidiary of the Schoeller-Bleckmann Oilfield Equipment group of companies. SBO has established itself as the global market leader in the sector of precision machining and high-performance oilfield equipment manufacturing.

Our industry-leading high-performance drilling motors are used in many areas of the oil and gas industry: They are deployed in areas spanning from directional and horizontal drilling down to so-called “thru-tubing” applications. BICO’s drilling motors are characterized by robust bearings with high torque capabilities and intelligent protection systems. They achieve a considerably higher ROP than conventional drilling motors, insuring ultra-long drilling projects are economically viable.

Our focus on innovation is the basis of continuous, organic growth in our business segments and in our global network. In addition to new technologies, we are constantly evolving our existing products and manufacturing technologies. Through continuous improvement, we strive to further improve the efficiency and reliability of our products. Our innovative product solutions add value to our customers, allowing for more efficient and resource-conserving exploration, and grow their value generation.

All of these tools incorporate features that reduce maintenance costs, lower inventory requirements and ensure reliable performance. Our product portfolio is rounded off by our high-tech repair and service offering to serve the needs of our customers in all major hubs of the oil field service industry worldwide. We operate as a “one-stop shop” offering local proximity to the customer.

“Safety and Quality First” summarizes several strategic aspects and is the central guideline for all our activities. Our employees live up to this standard in their everyday activities. That is why we pay special attention to our team of highly qualified experts. From the moment we recruit them, we ensure that our employees receive further training throughout their careers and provide a motivating and safe working environment. We are constantly working to improve our skills and know-how.

Our focus on innovation is the basis of continuous, organic growth in our business segments and in our global network. In addition to new technologies, we are constantly evolving our existing products and manufacturing technologies. Through continuous improvement, we strive to further improve the efficiency and reliability of our products.