Memorial University s Role in Oil and Gas Industry-related

Memorial University’s Role in Oil and Gas Industry-related Economic Development in Newfoundland Labrador Dr. Axel Meisen President and Vice Chancellor Memorial University of Newfoundland St. John’s, NL, May 16, 2007

Vision 2000 Memorial University will facilitate the transformation of Newfoundland Labrador into an international centre of expertise for oil and gas, with emphasis on operations in harsh environments. Oil and Gas Development Partnership OGDP

New Partnerships Pan Atlantic Petroleum Systems Consortium Industry - University Government R&D consortium xxx

New Faculty • 19 new faculty • $2. 5 million Husky Energy Chair in Oil and Gas Research Dr. John Lau, CEO Husky Energy Dr. Phil Bording

New Faculty Canada Research Chair in Reservoir Engineering and Characterization Dr. Thor Johansen

New Facilities Harsh Environment Bridge Simulator

New Facilities Underwater Vehicles Centre for Marine Compressed Natural Gas

New Facilities Landmark Graphics Visualization Lab (Western Geco Image) Schlumberger Data Centre

New Facilities Inco Innovation Centre

New Flagship Program: Master’s of Oil & Gas Studies • • Executive-level program Covering entire petroleum industry One year: with three 3 -week on site periods Unique in the world

Other New Programs Oil & Gas Options in Engineering Advanced Diploma in Oil & Gas Engineering Master’s and Ph. D in Oil & Gas Engineering Bachelor of Process Engineering Master’s and Ph. D in Petroleum Geology Diploma in Marine Safety Diploma in Remotely Operated Vehicles

Research Foci • • Simulation and visualization Seismic imaging and inversion Basin Assessments Reservoir Characterization Reconnaissance Engineering of Production Systems Underwater Vehicles Offshore Safety

Students • 100+ graduate students • 60 students in Oil and Gas Option in Engineering • Memorial graduates employed in all areas of the petroleum industry

Funds Raised (2003 – 2010) Atlantic Innovation Fund NSERC/CFI/other grants Canada Research Chairs Landmark Graphics Schlumberger Seismic data Husky Chair Other industry Total M$ 15. 6 5. 2 4. 0 18. 5 10. 0 29. 0 2. 5 3. 4 88. 3

GDP and Employment Impact by Industry for NL 15 3 2. 9 6. 9 2 1. 6 Oil is the largest single contributor to the provincial economy and growing in importance. Source: The Economy 2007

Potential Memorial University Initiatives • Executive MBA programs: – Oil and Gas – Maritime Management

Potential Memorial University Initiatives • Executive MBA programs: – Oil and Gas – Maritime Management • New research areas: – Innovative exploration drilling

Potential Memorial University Initiatives • Executive MBA programs: – Oil and Gas – Maritime Management • New research areas: – Innovative exploration drilling – Green-house gases and oceans – Ocean geo-technology

Potential Memorial University Initiatives • Executive MBA programs: – Oil and Gas – Maritime Management • New research areas: – Innovative exploration drilling – Green-house gases and oceans – Ocean geo-technology • Oil and gas processing

Conclusions • Memorial University has had major impacts on the regional petroleum industry • Significant human, physical and financial resources have been secured • Good partnerships have been formed • Innovative research is underway