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REF NO.: 35

SUBJECT: Husky Energy donates SeaRose FPSO model to Memorial University’s Marine Institute
DATE: Oct. 7, 2004

Dr. John Lau, president and CEO of Husky Energy, visited the Fisheries and Marine Institute of Memorial University today to present the company’s SeaRose FPSO model.

The model is a 1:200 scale model of the SeaRose FPSO built by model builders at Samsung shipyard in South Korea. It accurately reproduces the hull, propulsion system, topsides, turret structure, flare and offloading system. The hull lines are faithfully produced from the vessel lines plans. The model completed the 14,000-mile sea journey to Newfoundland and Labrador without damage, loaded aboard its full size counterpart.

Dr. Chris Loomis, Memorial’s vice-president (research) and the Marine Institute’s executive director, Leslie O’Reilly, accepted the model on behalf of the university.

It is a shipbuilding tradition for owners to have scale models built of their ships for display in their headquarters. This model is exceptional in that the Samsung model makers, working from drawings supplied to them, were also able to accurately model the topsides oil and gas processing equipment.

The Marine Institute will use the model as a study tool for its naval architecture and marine engineering systems design programs and make it available for scheduled public viewing.

With 40 years of education and training experience, the Marine Institute is Canada’s most comprehensive education, training, applied research and technology transfer resource in support of the international marine industries. In June 2003, Maersk Contractors Newfoundland Limited awarded the Marine Institute a contract to develop and deliver courses to train operations personnel for the SeaRose FPSO. The exclusive training program is specifically designed for the crew members who will work onboard the FPSO. In total, the institute will deliver approximately 4,500 training days at its St. John’s, Foxtrap and Southside campuses. The Marine Institute will also house the FPSO’s process control simulator for training. The Marine Institute will also be responsible for managing Maersk’s training program, including the administration and logistical co-ordination of subcontracted training partners, facilities, equipment and other resources that will be used during the training program.

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