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Challenges of a multinational corporation… resources of a SME THE INTERNATIONAL ECONOMIC FORUM

Challenges of a multinational corporation… resources of a SME THE INTERNATIONAL ECONOMIC FORUM OF THE AMERICAS CONFERENCE OF MONTREAL JUNE 6 th 2011 Presented by Jacques L. Drouin President and CEO. ProSep.

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Challenges of a multinational corporation… resources of a SME THE INTERNATIONAL ECONOMIC FORUM

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  1. Challenges of a multinational corporation… resources of a SME THE INTERNATIONAL ECONOMIC FORUM OF THE AMERICAS CONFERENCE OF MONTREAL JUNE 6th 2011 Presented by Jacques L. Drouin President and CEO

  2. ProSep is a technology-focused process solutions provider for the upstream oil and gas industry. The Company designs, develops, manufactures and commercializes technologies to separate oil, gas and water generated by oil and gas production.

  3. Global Operations Norway(Haugesund) Canada(Montreal) Head office South Korea (Seoul) USA(Houston, TX) Malaysia(Kuala Lumpur) + 110 engineers and professionals worldwide + 20 agents in key locations Fifty-five thousand sq. f. assembly shop

  4. Competing with the Majors Source: company websites

  5. Combining Conventional and Proprietary Solutions

  6. GAS Treatment Occidental Petroleum: ElkHills Gas Quality Project 150 MMSCFD 3% CO2 in Natural Gas to ≤ 1.5% $12 Million Contract

  7. OIL Treatment Al-Rashed / Kuwait Oil Co.: Ratqa-Abdali Production Facility 120,000 bpd $11 Million Contract

  8. WATER Treatment SKEC / Kuwait Oil Co.: Sevensystemstotaling 260,000 bpd Onshore (Burgan) $25 Million Contract

  9. WATER Treatment BP Valhall Platform Norwegian Continental Shelf CtourProduced Water Treatment System Valuedat $3.6 Million

  10. Product Development • 60+ Patents • JIP with Statoil, Total, ConocoPhillips • Research lab relocating to Haugesund • Industryleadingproduced water offering • Three OTC Spotlight on TechnologyAwards

  11. What the Industry Says… “[ProSalt…] will enable the company to save about 450 million gallons of wash water a year, thus conserving one of Saudi Arabia’s natural resources.” The Arabian Sun Saudi Aramco publication Vol. LXIV, No. 26, July 2009.

  12. IndustryFundamentals

  13. Beyond Easy Oil Unconventional O&G Offshore Aging wells Regulation

  14. Growth Drivers Energy demand To grow by 2035 (IEA) • Gas: +44% • Oil: +18% Supply challenges • Aging fields • Challenging reserve replacements • Raising production capacity

  15. Growth Drivers 3barrels WATER 1barrel OIL = 98% water at end of production life

  16. Technology : Key to Future Energy Supply Declining capacity Sensitive environments Limited space offshore Increasing H2O / H2S Heavier oil Demand for subsea separation Figure: World Energy Outlook, IEA, 2010

  17. Industry Capex 11%growth in 2011* WTI *Barclays Capital Original E&P Investment Survey, December 2010

  18. Objectives andStrategic Plan

  19. Becoming the next leading independent O&G process solutions provider

  20. Strategic Plan • Integrate proprietary technologies in conventional processes • Increase competitiveness and build references 2. Create maintenance and service offerings • Leverage customer base, improve ProSep’s competitive advantage and profitability 3. Develop local content • In-line with National Oil Company’s strategies, improve procurement and reduce transport costs 4. Move from decentralized structure to a matrix organization • Leverage the Company’s best resources and ensure excellent, even execution across al business units Accelerate growth, gain market share, increase revenues & profitability.

  21. ProSepKolon • A 51/49 fully funded JV between ProSep and Kolon Group • To promote ProSep’sprocess solutions in Korea and China • Kolon Group: $7 Billion revenue South Korean diversified industrial group and Korea’s largest water treatment company

  22. Success factors & related challenges We have the same challenges as multinational conglomerates… without the resources!

  23. Together Creating Pure OIL, GAS and WATER

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