11/18/2011. Moderate demand increase High depletion rate. Alfa Laval 1. Sammy Hulpiau Segment Manager Energy & Environment. mb/d.

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1 Oil & Gas Sammy Hulpiau Segment Manager Energy & Environment Oil production investments are rapidly growing mb/d NGLs Unconventional oil Crude oil fields yet to be developed or found Crude oil currently producing fields Moderate demand increase High depletion rate Source: EIA Oil Production Alfa Laval 1

2 Gas production investments are growing even faster Mtoe World primary energy demand by fuel in the GAS Scenario Cleanest fossil fuel 250 years of proven reserves Price Source: OECD/EIA, 2011 Oil Gas Coal Biomass Nuclear Other renewables Hydro Our opportunity in oil & gas Drilling Treatment Transportation Alfa Laval 2

3 Oil & Gas drilling Drilling mud treatment: cleaning and cooling Process & potable water production Environment: wastewater and oily water treatment Alfa Laval Slide 5 Oil & Gas drilling Mud treatment Drilling mud decanters Drilling mud coolers Alfa Laval Alfa Laval 3

4 Drilling trends Increase in offshore drilling Offshore drilling expenditure grows with 6.6% per annum ( ) More deep-sea drilling Global Offshore Drilling Expenditure, North America South & Central America Europe Middle East & Africa Asia Pacific Age profileof the semi-submersible fleet (mid-2011) 31% Years old % 0-10 years old Year 31% years old 8% years old Source: IEA Source: GBI Research Source: ODS Petrodata Drilling trends Drilling for unconventional gas Land surface Conventional non-associated gas Sandstone Seal Tight sand gas Coalbed methane Conventional associated gas Oil Unconventional gas shale gas tight gas coalbed methane Gas-rich shale Source: EIA. U.S. Energy Information Administration Alfa Laval Alfa Laval 4

5 Unconventional gas U.S. example U.S. dry gas trillion cubic feet per year History Source: EIA, Annual Energy Outlook 2011 U.S. Dry Gas Production 2009 Projections 11% 14% 20% 9% 28% 8% 8% Net imports Non-associated onshore Non-associated offshore Associated with oil Shale gas Tight gas Coalbed methane % 45% 8% 8% 22% 7% 7% Alfa Laval Slide 9 Where could it happen in the future? Legend Assessed basins with resource estimate Assessed basins without resource estimate Countrieswithinscope of report Countriesoutsidescope of report Alfa Laval Alfa Laval 5

6 Our opportunity in oil & gas Drilling Treatment Transportation Oil & Gas treatment Removal of water and impurities Alfa Laval Slide 12 Alfa Laval 6

7 11/18/2011 What does it mean for Alfa Laval? Many heat exchanger positions Stripping column Sweet gas Sour gas Reboiler Interchanger Alfa Laval Treatment trends Heavy crude oil Vast majority of remaining oil reserves is heavy crude oil Total World Oil Resources: 9-13 Trillion bbl 30% Conventional 15% Heavy 25% Extra heavy 30% Oil sands and bitumen Source: IEA Billion bbls in Place <10 Source: Schlumberger Alfa Laval 7

8 Treatment trends From insight to actions Market input Canadian oil sands Heavy oil worldwide Offshore demands Versus conventional separators less heat less chemicals less space and weight Versus Direct Competitors less cost meet industry requirements Treatment trends Environmental legislation Alfa Laval Slide 16 Alfa Laval 8

9 Environmental legislation Tar sands Ban on increasing the pollution by % reduction of the pollution in 2011 No increase of fine tails in the ponds by 2014 Cleanup the legacy: 170 km 2 MTF of polluted area It requires about 100 large decanters to run for 10 years to deal with the legacy Alfa Laval Slide 17 Cleanup technology Tar sand pond Alfa Laval Slide 18 Alfa Laval 9

10 Our opportunity in oil & gas Drilling Treatment Transportation Pipe line transportation Gas transportation by compression 1 st stage compressor 2 nd stage compressor 3 rd stage compressor 30 bar 85 bar 250 bar Scrubber Scrubber Scrubber Scrubber Gas cooler Gas cooler Condensate Gas cooler Condensate Alfa Laval Alfa Laval 10

11 Transportation Gas pipeline protection MEG Mono ethylene glycol treatment Alfa Laval Slide 21 Pipeline protection Typical MEG regeneration process Recovered MEG from Centrifuge Alfa Laval 11

12 Transportation Oil Alfa Laval s traditional product portfolio Inert gas systems added through the acquisition of Aalborg Industries Alfa Laval Slide 23 Transportation trends FLNG Floating LNG 8 7 Liquefaction Import 6 Expenditure ($ billion) Alfa Laval Alfa Laval 12

13 Typical oil & gas requirements Safety Explosion proof High pressure Compact and small footprint Reliable performance Global service infrastructure with offshore compliance Alfa Laval Slide 25 Conclusions Need for continued investments to maintain the balance between demand and supply Drilling Treatment Transportation High oil price gives opportunity to invest Alfa Laval has the products, the presence and the know-how Alfa Laval 13

14 Alfa Laval 14

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