1. The Eirik Raude Drill Rig
Mortier Bay, Marystown
May 15, 2007

2. Marystown Shipyard
The Facilities:
Cow Head

3. Current Picture Marystown, NL, May 2007 Employment level of 550 people
Attractive wages, economic spin-offs
Eirik Raude Drill Rig
New Brunswick LNG Project

4. White Rose Project
Sea Rose FPSO
Mortier Bay, Marystown
August 2005
6,000,000 personnel hours of employment
$395 million fixed cost
Infrastructure improvements

5. Hebron Project Potential Benefits:
Averaged 1,100 jobs per year for four years
Infrastructure improvements
Better skilled workforce

6. Laurentian Sub Basin Development
Potential Benefits
Burin Peninsula supply base
Direct employment for Marystown facilities
Socio-economic benefits
Delayed until 2009
World demand for drill rigs
Delay in developing gas royalty regime

7. Joint Support Ship Project
Benefits:
Significant benefits to the local and provincial economy;
$2.1 billion plus $800 million 20-year service contract;
Projected employment in the range of workers for 9 years;
Capital improvements at the Cow Head site (ie, graving dock) would make the facility a world-class yard; and
For comparison purposes, the White Rose/Sea Rose FPSO project was approximately $ million to the local economy.