Overview Presentation

Overview Presentation ProSep 1.0°,107,;,7,V;egr.Pme EFTA01115198 OVERVIEW ProSep Together Creating Pure Oil, Gas and Water ProSep is a technology-based 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. ProSep's technology offering creates value for its customers by providing solutions that result in reduced OPEX, CAPEX and lower life-cycle costs. ProSep received various industry recognition for some of its flagship technologies and is also a laureate of the Canadian and North American Deloitte Technology Awards. technology Deloitte fast 50 Spr4' ight TECofn new www.prosep.corn EFTA01115199 KEY ATTRIBUTES TECHNOLOGY BASED • Fast growing technology-focused process solutions provider GLOBAL OPERATIONS • Canadian-based with international operations in Norway, the USA, Malaysia and South Korea SUBJECT MATTER EXPERTS • Industry leading process engineers averaging more than 20 years of upstream oil & gas experience COMPLETE PORTFOLIO OF SOLUTIONS • Comprehensive suite of process equipment to treat oil, gas and produced water A SOLID PARTNER • Exceptional HS&E track record • Hybrid fabrication model combining control over its state-of-the-art fabrication facility (US) and flexibility of extensive network of local fabricators • Premier R&D facility allowing JIP with majors such as Total, Statoil and ConocoPhillips • Financial support of large institutional shareholders www.prosep.corn EFTA01115200 HISTORY • Company listed on Toronto Stock Exchange (Canada) • Sold large produced water treatment system to Kuwait Oil Company to treat 260,000 BPD • TORR Canada merged with Pure Group (Norway) to become ProSep • Became complete process solutions provider with over 100 employees • Opened South East Asia business unit • Completed one of the industry's most comprehensive produced water treatment offering • Recorded revenues of $52 million • Opened state-of-the-art fabrication facility, increasing capacity to 55,000 sq ft • Expanded South East Asia operation • Concluded JV in Korea for FPSO market with Kolon Group ($7 billion group) • New global strategic initiative (Engineering, Procurement and Sales) • Record bidding activity , www.prosep.com EFTA01115201 2011 - NEW STRATEGIC PLAN • Global E&P spending on the rise • NATCO acquisition by Cameron • Global integration of sales, marketing, engineering and operations. • Invest in human resources (sales and process engineering) • Invest in promising markets (ProSep Kolon joint venture, Middle- East) • Become the next leading independent technology-focused process solutions provider. www.prosep.com EFTA01115202 GLOBAL OPERATIONS Bergen, Norway Fusa (R&D facility) South Korea tie ProSep I 1)-7" KOLON Houston, USA (Fab. facility) Kuala Lumpur, Malaysia Selected Middle East South East Asia Well testing Agency Network Bandariyah International Group Powertium Engineering Sdn. Bhd. Schlumberger wwwprosep.com EFTA01115203 STRONG EXPERTISE FOCUSING ON EXECUTION • Delivered over $240 million of equipment worldwide Executed over 150 projects Provide full process warranties Exceptional track record BUILDING STRONG INDUSTRY RELATIONSHIPS Joint industry partnerships with Statoil, Total, ConocoPhillips • Field trials, pilot testing and characterizations for Statoil, Saudi Aramco, BP, Maersk, KOC, QP, etc. DEVELOPING STEP-CHANGE TECHNOLOGIES • Over 60 patents • Best available technologies for zero harmful discharge (produced water) Major industry awards (OTC Spotlight on New Technology, Statoil HSE and ONS Innovation awards and nominations) PROVIDING COMPLETE SOLUTIONS Industry's most comprehensive produced water treatment offering Portfolio of conventional and proprietary technologies to treat oil, gas and water ATTRACTING STRONG STAKEHOLDERS • Large institutional shareholders, stakeholders and clients • Reputed engineers averaging over 20 years of industry experience, with subject matter experts www.prosep.com EFTA01115204 COMMITTED TEAM EXECUTIVE COMMITTEE Jacques L. Drouin President & CEO, Director Patrice Daignault, ca CFO & Corporate Secretary Doug A. Campbell, P.eng, MBA EVP Sales and Business Development Parag Jhonsa EVP Operations Harald Linga, PhD Senior VP Technology Lew Mologne, P.eng General Manager, USA Matthew Rummer, P.eng General Manager, Malaysia and COO ProSep Kolon Kjell-Inge Arnevig General Manager, Norway BOARD OF DIRECTORS Anthony Rustin (Chairman) Former Executive VP, SNC-Lavalin Gerard Caron Former Director and Secretary General of Quebec Chartered Accountants Association Paul Coppinger President CIRCOR Energy Products Claude Fontaine Former Partner Northern Rose and Director Petro- Canada David Laidley Chairman Emeritus Deloitte &Touche Richard Lint Former Deputy Chairman and Head of Oil, Gas & Pipeline Group, Scotia Capital and CEO of Citibank Canada Joseph Wilson Former Senior VP NATCO www.prosep.com EFTA01115205 PROSEP'S OFFERING Oil CREATING VALUE THROUGH TECHNOLOGY SOLUTIONS • Reduced CAPEX & OPEX • Fresh water & chemical savings • Low maintenance • Small footprint • Increase efficiency Gas Water CUSTOMER BASE (PARTIAL) • BP • ConocoPhillips • Ecopetrol • Eni • Kuwait Oil Company • Occidental Petroleum • Pan American Energy • Pemex • Petronas • Saudi Aramco • Statoil • Whitting Petroleum www.prosep.com EFTA01115206 Crude Treatment Solutions ,:!!: ProSep EFTA01115207 Al-Rashed / Kuwait Oil Company: Ratqa-Abdali Production Facility 120,000 bpd CRUDE TREATMENT PRIMARY SEPARATION • Single and Multistage • FWKO • Vane Inlet Devices • Inlet Cyclonic Device • Swirl Device DEHYDRATION • Heater Treater • Mechanical & Electrostatic Dehydration DESALTING • Single and Multi-Stage PROPRIETARY DESALTING www.prosep.com EFTA01115208 CRUDE DESALTING ProSaItTM Compact one-shot high-performance mixer for optimal distribution of wash water into salt crude pipe flow. APPLICATION: Salt removal from crude. TECHNICAL ADVANTAGE: • Reduces wash water consumption by 40% • Reduces pressure drop by 60% • Reduces downstream oil-in-water content by 40% • Enhances crude-and wash water processing capacity COST SAVINGS EXAMPLE: Onshore separation plant, 770,000bpd with 7% water cut. Reduced annual demulsifier consumption by 22%, electricity by 15% for total annual savings of $9.65 Million. SELECTED USERS: • Saudi Aramco, Statoil, Pemex, ConocoPhillips, KOC, GSA AWARDS: • OTC 2009 Spotlight on New Technology Award www.prosep.com EFTA01115209 CRUDE SEPARATION ProMixTM Compact one-shot high-performance mixer for optimal distribution of production chemicals into well stream and crude-water flows. APPLICATION: Demulsification of crude — water flow for improved separability TECHNICAL ADVANTAGE: • Reduces chemical consumption by 40% • Improves process performance compared to conventional injection and mixing devices (valves, quills and static mixers) • Improves secondary separation process (water treatment) • Enhances processing capacity • Low pressure drop • High turn-down ratio SELECTED USERS: • Pemex, Saudi Aramco, Statoil www.prosep.com EFTA01115210 Gas Treatment Solutions ProSep Together, creating EFTA01115211 GAS TREATMENT Occidental Petroleum Elk Hills Gas Quality Project 150 MMSCFD - 900 psia 3% CO2 in Nat. Gas down to 1.5% SWEETENING • CO2 Separation Membranes (UOP/Grace, Medal) • Amine • Scavengers CONDITIONING • Membrane and Non-Membrane Hydrocarbon Dew Pointing • Fuel Gas Conditioning • TEG SCRUBBERS & DEMISTERS • Mesh Pad • Vane Pack • Demisting Cyclones PROPRIETARY SWEETENING AND DEHYDRATION www.prosep.com 15 EFTA01115212 PROPRIETARY SWEETENING - I ProScavTM Compact high-performance mixer for injecting and mixing chemicals for H2S scavenging. APPLICATION: Removal of H2S from gas from intermediate to low concentrations: - 2 ppm TECHNICAL ADVANTAGE: • Reduces chemical consumption by 30-40% as compared to conventional technologies • Compact spool-piece mounted unit • Low pressure drop • Robust, low maintenance • Reduced risk for scale formation • Option with combined flow metering and solvent mixing SELECTED USERS: • Statoil, BP, Maersk COST SAVINGS EXAMPLE: North Sea platform, 460 MSCFD, 40ppm H2S inlet to 2.5ppm oulet spec. Reduced annual scavenger consumption by 30% or $1.8 Million per year. AWARDS: • Statoil's Executive HSE prize 2004 for the contribution to reaching the goal of "zero harmful discharges to the sea". • OTC 2005 Spotlight on New Technology Award www.prosep.com EFTA01115213 PROPRIETARY SWEETENING - II ProCapTM Compact high-performance mixer for injecting and mixing regenerative solvents into gas for H2S removal. APPLICATION: Selective removal of I-I2S from gas at minimum C02 co- absorption. TECHNICAL ADVANTAGE: • Reduces amine circulation rate by 70% for typical CO2 rich natural gas • Reduced size, weight and energy consumption as compared to conventional technologies. • Uses non-proprietary amine solvents such as MDEA • More competitive the higher the CO2 concentration • Debottlenecking of refinery applications TYPICAL COST SAVINGS: Compared to conventional amine plant, 50ppm down to 2.5 ppm, 24MSm3d, reduced equipment weight and electricity consumption by half resuls in $4.7 M annual cost savings PILOT- REFERENCES: • Statoil Mongstad Refinery (2001). Gaz de France Gas Treatment Plant Chemery (2004-2005). AWARDS: • 2008 ONS Innovation Award - nominated www.prosep.com EFTA01115214 PROPRIETARY DEHYDRATION ProDryTM Compact process for gas dehydration with glycol. APPLICATION: Moderate dew point reduction based on the novel co- current ProPure gas-liquid contactor and a regenerative solvent. TECHNICAL ADVANTAGE: • Major size and weight reduction at moderate dew point reduction; (below 30° C /54 °F reduction) • Eliminates risk of flooding and foaming in the contact tower • Most competitive at higher absolute pressure and flow rates • Operational robustness towards hydrocarbon liquid entrained with feed gas • Subsea applications PILOT - REFERENCES • Total Gas Processing Plant Lussagnet 2009- 2010; Technology qualification program as supported by Total, Statoil and ConocoPhillips www. prosep. co m EFTA01115215 PRODUCED WATER TREATMENT SOLUTIONS Production from wells 3 phase HP production separator Deoiling Hydrocyclone or CPI/Skimmer Skimmed Oil Recycle 3 phase LP production separator Dehydrator Induced Gas Flotation t Nutshell Media Filters Crude Export Is- Produced water for disposal www.prosep.com EFTA01115216 SKEC / Kuwait Oil Company: Seven Systems to Treat 260,000 bpd Onshore PRODUCED WATER TREATMENT PRIMARY SEPARATION • "ProPlate" Corrugated Plate Interceptor (CPI) • "ProSkim" Vertical Skimmer • "ProSpin" Liquid-Liquid Hydrocyclone SECONDARY SEPARATION • "ProFloat" Flotation Systems • Vertical Induced Gas Flotation (IGF) • Horizontal Multi-Cell Hydraulic Flotation Unit TERTIARY SEPARATION • "ProShell" Deep Bed Nutshell Filter PROPRIETARY POLISHING SOLUTIONS www.prosep.com EFTA01115217 PROPRIETARY PRODUCED WATER TREATMENT - I CTOURTM Compact high-performance mixer for injecting and mixing condensate as a solvent to improve coalescence of dispersed oil droplets. APPLICATION: Removal of dispersed and dissolved hydrocarbons from large volumes of produced water where condensate is available. TECHNICAL ADVANTAGE: • Proven to provide a "step-change" in produced water management; 1- 5 ppm oil-in-water achieved • Effective in removing both dispersed and dissolved hydrocarbons • Suitable for revamp / retrofit applications (easy to retrofit with IGF and hydrocyclones) KEY BENEFIT: • Avoid penalties for non-compliant produced water discharges SELECTED USERS: • Statoil, BP, ConocoPhillips (polishes 70% of the produced water in the Norwegian Continental Shelf) AWARDS: • Statoil's Executive HSE price 2004 for the contribution to reaching the goal of "zero harmful discharges to the sea". • OTC 2006 Spotlight on Technology Award www.p ros ep.c o m EFTA01115218 PROPRIETARY PRODUCED WATER TREATMENT - II SorbFlocTM "Green" biodegradable flocculant for efficient treatment of produced water. APPLICATION: Removal of dispersed and dissolved hydrocarbons along with heavy metals and nano-particles from produced water. TECHNICAL ADVANTAGE: • Full spectrum removal of harmful components; • dispersed and dissolved hydrocarbon • heavy metals • submicron particles • Instant flocculant mixing by proprietary ProPure equipment for "green" flocculant for selective and robust flock generation REFERENCES: • Technology transfer utilized from industrial partner Sorbwater for water treatment application areas; slop water, sewage water and grey water. Qualification tests in progress. KEY BENEFIT: • Avoid penalties for non-compliant produced water discharges www.prosep.com EFTA01115219 PROPRIETARY PRODUCED WATER TREATMENT - III Sorbsep TM Compact gas flotation separator. APPLICATION: Removal of dispersed oil and flocks containing hydrocarbons, heavy metals and particles from produced water. TECHNICAL ADVANTAGE: • Exceeds strictest environmental regulation • Removes residual oil from produced water down to less than 3 ppm • Tailor-made solution for SorbSep flocculant treatment of water • Robust and reliable REFERENCES: • Qualification tests in progress. Successful field test at ConocoPhillips Eldfisk 2009 KEY BENEFIT: • Avoid penalties for non-compliant produced water discharges vvww.prOSep.com EFTA01115220 PROPRIETARY PRODUCED WATER TREATMENT - IV TORRTM Compact high-performance modular cartridge system using coalescence towards hydrocarbon wetted surface. APPLICATION: Removal of dispersed hydrocarbons from produced water without the use of chemicals. TECHNICAL ADVANTAGE: • Exceeds strictest environmental regulation • Removes residual oil from produced water down to less than 5 ppm • Modular standardized cartridge vessels including RPATM cartridges • Robust toward upset in feed conditions • Large PW turn-down; 1:100 SELECTED USERS: • KOC, Wood Group / HESS (Triton Platform), ENI, Schlumberger KEY BENEFIT: • Avoid penalties for non-compliant produced water discharges www.prosep.com EFTA01115221 ProSep: A Solid Partner ProSep EFTA01115222 FABRICATION FACILITY 56,000 SQUARE-FOOT SHOP • Fabrication, assembly and packaging • Located on 5.25 acres in Houston, Texas, USA • Three bays, warehouse and eleven bridge cranes: • 4 x 35-ton with 5-ton auxiliary cranes • 4 x 10-ton • 3 x 5-ton ProSep's shop features high lifting capacity, hook height and floor space to handle large projects with quick delivery. www.prosep.com EFTA01115223 RESEARCH AND DEVELOPMENT 60+ PATENTS JIP: Total, Statoil, ConocoPhillips, Saudi Aramco R&D Facility • Access to a state-of-the-art facility in Fusa, Norway allowing for vertical testing in a submerged marine environment www.prosep.com EFTA01115224 Health, Safety and Environment HEALTH AND SAFETY • Near zero TRIR rate in 2010 at new fabrication facility in Texas, zero in Norway • ISO 9001:2008 certification in Norway, Malaysia and underway in Texas • Regular internal and external third party independent safety audits • Rigorous safety program followed by all shop employees technology Deloitte ENVIRONMENT • Committed to develop step-change technologies that provident ear zero harmful discharge (Ctour ) • Dedicated to reduce chemical and energy consumption while providing optimal process efficiencies • Received 3 consecutive Deloitte Green Fifteen awards recognizing Canada's preeminent green technology companies www.prosep.corn EFTA01115225 FINANCIAL SUPPORT TORONTO STOCK EXCHANGE • Listed since 2006 STRONG SHAREHOLDERS • Fondaction, a $1 billion Canadian labor-sponsored fund • Cycle Capital, a large Canadian cleantech venture fund • Statoil and other large institutions • Employees and directors OTHER FINANCIAL PARTNERS • Export Development Canada • Norwegian bank DnB Nor technology Deloitte fast 50" ProSep ranks among Deloitte's Technology Fast 50m, North American Fast 500TM and Technology Green 50TM recognizing companies that have achieved strong revenue growth and are leaders in the field of green technology. www.prosep.com EFTA01115226 Together Creating Pure OIL GAS and WATER EFTA01115227 :•\. ProSep CANADA KOREA MALAYSIA MaDDLE EAST NORWAY UNITED STATES 31 EFTA01115228