Dr. Axel MeisenPresident and Vice Chancellor

Memorial University of NewfoundlandSt. 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

xxxPan 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

• 100+ graduate students

• 60 students in Oil and Gas Option in Engineering

• Memorial graduates employed in all areas of the petroleum industry

M$Atlantic Innovation Fund 15.6NSERC/CFI/other grants 5.2Canada Research Chairs 4.0Landmark Graphics 18.5Schlumberger 10.0Seismic data 29.0Husky Chair 2.5Other industry 3.4

Total 88.3

Funds Raised (2003 – 2010)

0%

5%

10%

15%

GDP Employment

Oil Mining Fishery

Source: The Economy 2007

15

3 2.9 2 1.6

6.9

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