EFTA01115198.pdf

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 Spr4'ight fast 50 TECofn new www.prosep.corn EFTA01115199 KEY ATTRIBUTES TECHNOLOGY BASED A SOLID PARTNER • Fast growing technology-focused • Exceptional HS&E track record process solutions provider • Hybrid fabrication model combining GLOBAL OPERATIONS control over its state-of-the-art • Canadian-based with international fabrication facility (US) and flexibility operations in Norway, the USA, of extensive network of local Malaysia and South Korea fabricators • Premier R&D facility allowing JIP SUBJECT MATTER EXPERTS with majors such as Total, Statoil • Industry leading process engineers and ConocoPhillips averaging more than 20 years of • Financial support of large upstream oil & gas experience institutional shareholders COMPLETE PORTFOLIO OF SOLUTIONS • Comprehensive suite of process equipment to treat oil, gas and produced water 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 Agency Network Middle East Bandariyah International Group South East Asia Powertium Engineering Sdn. Bhd. Well testing 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 BOARD OF DIRECTORS Jacques L. Drouin Anthony Rustin (Chairman) President & CEO, Director Former Executive VP, SNC-Lavalin Gerard Caron Patrice Daignault, ca Former Director and Secretary General CFO & Corporate Secretary of Quebec Chartered Accountants Association Doug A. Campbell, P.eng, MBA Paul Coppinger President CIRCOR Energy Products EVP Sales and Business Development Claude Fontaine Parag Jhonsa Former Partner Northern Rose and Director Petro- EVP Operations Canada David Laidley Harald Linga, PhD Chairman Emeritus Deloitte &Touche Senior VP Technology Richard Lint Lew Mologne, P.eng Former Deputy Chairman and Head of Oil, Gas & Pipeline Group, Scotia Capital and CEO of Citibank General Manager, USA Canada Matthew Rummer, P.eng Joseph Wilson General Manager, Malaysia and COO ProSep Kolon Former Senior VP NATCO Kjell-Inge Arnevig General Manager, Norway www.prosep.com EFTA01115205 PROSEP'S OFFERING Oil Gas Water CREATING VALUE THROUGH CUSTOMER BASE (PARTIAL) TECHNOLOGY SOLUTIONS • BP • Pan American Energy • Reduced CAPEX & OPEX • ConocoPhillips • Pemex • Fresh water & chemical savings • Ecopetrol • Petronas • Low maintenance • Eni • Saudi Aramco • Kuwait Oil Company • Statoil • Small footprint • Occidental Petroleum • Whitting Petroleum • Increase efficiency www.prosep.com EFTA01115206 Crude Treatment Solutions ,:!!: ProSep EFTA01115207 CRUDE TREATMENT PRIMARY SEPARATION • Single and Multistage • FWKO • Vane Inlet Devices • Inlet Cyclonic Device • Swirl Device DEHYDRATION Al-Rashed / Kuwait Oil Company: • Heater Treater Ratqa-Abdali Production Facility • Mechanical & Electrostatic Dehydration 120,000 bpd 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. COST SAVINGS EXAMPLE: Onshore separation plant, 770,000bpd with 7% water cut. Reduced annual demulsifier consumption TECHNICAL ADVANTAGE: by 22%, electricity by 15% for total annual savings of • Reduces wash water consumption by 40% $9.65 Million. • Reduces pressure drop by 60% • Reduces downstream oil-in-water content by 40% SELECTED USERS: • Enhances crude-and wash water processing • Saudi Aramco, Statoil, Pemex, ConocoPhillips, capacity 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 SELECTED USERS: • Pemex, Saudi Aramco, Statoil 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 www.prosep.com EFTA01115210 Gas Treatment Solutions ProSep Together,creating EFTA01115211 GAS TREATMENT SWEETENING • CO2 Separation Membranes (UOP/Grace, Medal) • Amine • Scavengers CONDITIONING • Membrane and Non-Membrane Occidental Petroleum Elk Hills Gas Quality Project Hydrocarbon Dew Pointing 150 MMSCFD - 900 psia • Fuel Gas Conditioning 3% CO2 in Nat. Gas down to • TEG 1.5% 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 COST SAVINGS EXAMPLE: concentrations: - 2 ppm 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. TECHNICAL ADVANTAGE: • Reduces chemical consumption by 30-40% as compared to conventional technologies AWARDS: • Compact spool-piece mounted unit • Statoil's Executive HSE prize 2004 for the • Low pressure drop contribution to reaching the goal of "zero harmful • Robust, low maintenance discharges to the sea". • Reduced risk for scale formation • OTC 2005 Spotlight on New Technology Award • Option with combined flow metering and solvent mixing SELECTED USERS: • Statoil, BP, Maersk 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: TYPICAL COST SAVINGS: • Reduces amine circulation rate by 70% for Compared to conventional amine plant, 50ppm down typical CO2 rich natural gas to 2.5 ppm, 24MSm3d, reduced equipment weight • Reduced size, weight and energy consumption and electricity consumption by half resuls in $4.7 M as compared to conventional technologies. annual cost savings • Uses non-proprietary amine solvents such as MDEA PILOT- REFERENCES: • More competitive the higher the CO2 Statoil Mongstad Refinery (2001). Gaz de France • concentration Gas Treatment Plant Chemery (2004-2005). • Debottlenecking of refinery applications 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: PILOT - REFERENCES • Major size and weight reduction at moderate • Total Gas Processing Plant Lussagnet 2009- dew point reduction; (below 30° C /54 °F 2010; Technology qualification program as reduction) supported by Total, Statoil and ConocoPhillips • 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 www.prosep. com EFTA01115215 PRODUCED WATER TREATMENT SOLUTIONS Production from wells 3 phase 3 phase LP Dehydrator HP production production separator separator Deoiling Crude Hydrocyclone or Export CPI/Skimmer Induced Gas Flotation t Nutshell Media Filters Produced water for disposal Is- Skimmed Oil Recycle www.prosep.com EFTA01115216 PRODUCED WATER TREATMENT PRIMARY SEPARATION • "ProPlate" Corrugated Plate Interceptor (CPI) • "ProSkim" Vertical Skimmer • "ProSpin" Liquid-Liquid Hydrocyclone SECONDARY SEPARATION • "ProFloat" Flotation Systems SKEC / Kuwait Oil Company: • Vertical Induced Gas Flotation (IGF) Seven Systems to Treat 260,000 bpd • Horizontal Multi-Cell Hydraulic Flotation Onshore 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: SELECTED USERS: • Proven to provide a "step-change" in produced • Statoil, BP, ConocoPhillips (polishes 70% of the water management; 1- 5 ppm oil-in-water produced water in the Norwegian Continental achieved Shelf) • Effective in removing both dispersed and dissolved hydrocarbons AWARDS: • Suitable for revamp / retrofit applications (easy to • Statoil's Executive HSE price 2004 for the retrofit with IGF and hydrocyclones) contribution to reaching the goal of "zero harmful discharges to the sea". KEY BENEFIT: • OTC 2006 Spotlight on Technology Award • Avoid penalties for non-compliant produced water discharges www.prosep.com 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: REFERENCES: • Full spectrum removal of harmful components; • Technology transfer utilized from industrial • dispersed and dissolved hydrocarbon partner Sorbwater for water treatment • heavy metals application areas; slop water, sewage water and grey water. Qualification tests in progress. • submicron particles • Instant flocculant mixing by proprietary ProPure equipment for "green" flocculant for selective KEY BENEFIT: and robust flock generation • 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: REFERENCES: • Exceeds strictest environmental regulation • Qualification tests in progress. Successful field • Removes residual oil from produced water down test at ConocoPhillips Eldfisk 2009 to less than 3 ppm • Tailor-made solution for SorbSep flocculant KEY BENEFIT: treatment of water • Avoid penalties for non-compliant produced • Robust and reliable 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: SELECTED USERS: • Exceeds strictest environmental regulation • KOC, Wood Group / HESS (Triton Platform), ENI, Schlumberger • Removes residual oil from produced water down to less than 5 ppm • Modular standardized cartridge vessels including KEY BENEFIT: RPATM cartridges • Avoid penalties for non-compliant produced • Robust toward upset in feed conditions water discharges • Large PW turn-down; 1:100 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 ENVIRONMENT • ISO 9001:2008 certification in Norway, Malaysia and underway in • Committed to develop step-change Texas technologies that providentear zero • Regular internal and external third harmful discharge (Ctour ) party independent safety audits • Dedicated to reduce chemical and • Rigorous safety program followed by energy consumption while providing all shop employees optimal process efficiencies • Received 3 consecutive Deloitte technology Deloitte Green Fifteen awards recognizing Canada's preeminent green technology companies www.prosep.corn EFTA01115225 FINANCIAL SUPPORT technology Deloitte fast 50" TORONTO STOCK EXCHANGE • Listed since 2006 STRONG SHAREHOLDERS ProSep ranks among Deloitte's • Fondaction, a $1 billion Canadian Technology Fast 50m, North American labor-sponsored fund Fast 500TM and Technology Green 50TM • Cycle Capital, a large Canadian recognizing companies that have cleantech venture fund achieved strong revenue growth and are leaders in the field of green technology. • Statoil and other large institutions • Employees and directors OTHER FINANCIAL PARTNERS • Export Development Canada • Norwegian bank DnB Nor www.prosep.com EFTA01115226 Together Creating Pure OIL GAS and WATER EFTA01115227  :•\.ProSep CANADA KOREA MALAYSIA MaDDLE EAST NORWAY UNITED STATES 31 EFTA01115228