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

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

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

19 new faculty New Faculty Dr. Phil Bording $2.5 million Husky Energy Chair in Oil and Gas Research Dr. John Lau, CEO Husky Energy

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

New Facilities Harsh Environment Bridge Simulator

Underwater Vehicles New Facilities Centre for Marine Compressed Natural Gas

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

New Facilities Inco Innovation Centre

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

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

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

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

M$ Atlantic Innovation Fund15.6 NSERC/CFI/other grants 5.2 Canada Research Chairs 4.0 Landmark Graphics18.5 Schlumberger10.0 Seismic data29.0 Husky Chair 2.5 Other industry 3.4 Total88.3 Funds Raised (2003 – 2010)

Source: The Economy Oil is the largest single contributor to the provincial economy and growing in importance. GDP and Employment Impact by Industry for NL

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