Presented by

Grant Leckie

PSN CANADA INC

Safety Moment

1st Recordable Incident in 7 years:

• Subconscious Reactions • Remove Risk through Planning

About PSN

• We are a major, independent, international service contractor to oil, gas and other process industries

• Consistent growth and success founded on a network of approx 8,000 people working in 25 countries across 5 continents

• Formed in May 1st 2006 with an award winning $280 million management buy out from Halliburton KBR

• Now one of top ten largest private Scottish companies with turnover in excess of $1 billion.

• Order book worth more than $2 billion and work to 2013

PSN Networking

Engineering Resource Centres:• Aberdeen, Scotland• St John’s, Canada• Atyrau, Kazakhstan• Melbourne, Australia• Runcorn, England

Business Performance

Where Does PSN Operate?

Algeria, Australia, Azerbaijan, Bangladesh, Brazil, Brunei, Cameroon, Canada, Chad, Egypt, Kazakhstan, Korea, Mozambique, Nigeria, Papua

New Guinea, Philippines, Russia, Singapore, UAE, UK, USA, Vietnam

ASSETMANAGEMENT

& OPTIMISATION

PRODUCTIONSERVICESNetwork

HOOK-UPCOMMISSIONING

& START-UP

ENGINEERING

BROWNFIELDPROJECTS

MAINTENANCEMANAGEMENT& EXECUTION

LONG-TERMPRODUCTIONOPERATIONS

Smart solutions

maximising returns

ASSETMANAGEMENT

& OPTIMISATION

PRODUCTIONSERVICESNETWORK

HOOK-UPCOMMISSIONING

& START-UP

ENGINEERING

BROWNFIELDPROJECTS

MAINTENANCEMANAGEMENT& EXECUTION

LONG-TERMPRODUCTIONOPERATIONS

Fieldonstream

DecliningProduction

End ofField

Pre-Operations

H.U.C. & Start-Up

Logistics

De-Commissioning

Operations & Maintenance

Engineering & Modifications

Capabilities

FieldOn-

stream

Declining Production

End Of Field

PSN Canada

• Based in St. John’s since 1995• Current location Bowring Center, Water St• Currently employ over 200 people• EPC contractor on Hibernia since 1995• EPC contractor on Terra Nova since 1999• Networking support to PSN US & UK

PSN Canada

• St John’s is HQ for our Canadian Business• Provide Payroll and IT service for US• Career Development – 70% staff• Secondment to UK and Overseas • Succession Planning – Remove Overseas

Personnel• Global Graduate Development Scheme• Development of Local Supply Chain• Strategy to bring work from Alberta to St

John’s

Alberta Strategy

• Develop working relationship with established Engineering company in Alberta

• Develop working relationship with established Construction/Fabrication/Maintenance company in Alberta

• Develop joint working relationship with local Newfoundland fabrication and transportation companies to market one stop EPC module delivery

Alberta Strategy

• PSN close to opening office in Calgary

• Need to determine acceptable module/Pre-assembled unit size that can be readily transported to the Oil Sands region