1. API New Working Item #2390 Develop API 5CT – Grade C125 Standards Progress Update

2. Working Group Voting Members • Weiji Huang, ExxonMobil, email: weiji.huang@exxonmobil.com, Chair • Manual Gonzales, Shell, email: manuel.gonzalez@shell.com, Co-Chair • Rincon Hernan, Conoco Phillips, email: Hernan.E.Rincon@conocophillips.com • Lee Smith, BP, email: lee.smith3@uk.bp.com • T. Thomas, Chevron, email: TThomas@chevron.com • Max Tanida, NSSMC, email: tanida.6m6.mutsumi@us.nssmc.com • Legay Frederic, Vallourec, email: frederic.legay@vallourec.com • GastavoKissner, Tenaris, email: gkissner@tenaris.com • Bruce Bradley, JFE, email: b-bradley@jfetc.com • RiadAsfahani, US Steel, email: RAsfahani@uss.com • HerpeMechthild, Benteler, email: mechthild.herpe@benteler.de • Eva Coronado, Element, email: Eva.Coronado@element.com • ZindineZermout, Ocas, email: zinedine.zermout@ocas.be • John Baber, EnergyAlloys, email: jBarber@ealloys.com • Tom Webb, TemkenSteel, tom.webb@timkensteel.com

3. Progress • Working Group held first meeting on June 9, 2014 and had following agreement • Minimum two regular meetings/a year prior to formal API Winter and Summer meetings. • A ballpark $200k is proposed for the budget based on the experience of C110 standard development. • The working scope will include chemical composition, mechanical properties (YS and TS ranges and impact toughness), hardness (both quench and max. tempering hardness), TM0177 Method A and D acceptance criteria. • The acceptance criteria will be based on the results of testing at difference conditions in region 1 and 2 of pH – PH2S diagram as defined in NACE MR 0175. • ExxnoMobil and Shell will develop a draft of technical inquiry by 2nd week of August, 2014 and send for other User’s review. The Users will send the formal technical inquiry to manufacturers by 2nd week of September, 2014. • The manufacturers will submit their technical data for C125 product in 2nd week of December, 2014.