Dean Park, President of GE Oil & Gas Korea, discusses the strategic implications of the age of gas for Korea. He argues that gas will play a long-term role as a "destination fuel" to achieve a low-carbon economy rather than just a "bridge fuel". GE expects continued demand for gas and is developing innovative solutions across the gas value chain, from extraction to end use, to enable a more secure energy future. These solutions leverage predictive analytics, remote monitoring technologies, and collaboration to increase efficiency. Korea has opportunities to participate in major international gas projects that will require even greater technology and partnership.

1. Imagination at work.
Dean Park
President, GE Oil & Gas Korea
Leader, Korea Growth & Commercial Operations, GE
Age of Gas and
Strategic Implications for Korea

2. 2
© 2013 General Electric Company
From extraction, to transportation, to end use …
Liquefaction
of Natural Gas
(LNG)
Drilling
Pressure
Control
Artificial
lift Offshore
Subsea Refinery &
Petrochemical
Power Gen
Gas Storage & Pipeline
Compression and
Inspection
Cutting edge technology & services solutions across the value chain
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Operating in 100+ countries Revenue ’13: ~$17B~43,000 employees
Proprietary & Confidential. General Electric Company. © 2014

3. GE Proprietary
Rethinking the role of gas
“Bridge Fuel”
• Niche role for gas ‘bridge’
to low carbon economy
• Gas supply constrained
• Gas future means high
import dependency
• Gas linked to oil
Old way of thinking
“Destination Fuel”
• Role of gas long term
solution to achieving a
low carbon economy
• Gas supply potentially
abundant
• Gas helps create a more
secure energy future
New way of thinking

4. GE Proprietary
Expecting continued demand for gas

5. Need for innovative solutions
AL E45
HP Motor &
400 series
Pump Optimized Frac
Manifold & Skid
ICL for Pipeline and
WSG
System 1
Plant-Wide
CNG in a Box to
Small LNG
Advanced
M&D Sensors
Magnetic Flux
Leakage 4
Expanded HP range,
improved power
density & efficiency
Improves safety and
optimizes efficiency of
multiple frac operations
Expanding ICL line for
pipelines with higher
flexibility & efficiency
Next gen predictive
asset management for
broader plant assets
Enhance GT RAM,
production, and
maintenance with M&D
For faster, easier and
cheaper fueling of fleet
operator NGVs
For 24”-30” pipe, quick
NPI to market for sales
and ship
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Proprietary & Confidential. General Electric Company. © 2014

6. Predictivity Solutions to Increase Efficiency
Connecting Intelligent Machines + Big Data & Analytics + People at Work
Actuator control
Pressure/ Temp
Secondary/
Chemical Injection
Broad leak detection & equipment monitoring
(Naxys)
Vibration
monitor
ROV – Deployed Radiography
Growth in subsea instrumentation Services & software opportunities
• Offshore decision support
• Enabling customers to make smart decisions
Early detection & improved diagnostics Real time diagnostics = no down time
Accelerates data into action.
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Proprietary & Confidential. General Electric Company. © 2014

7. Greater opportunities for Korea
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NA remains dominant
developer of
unconventional plays,
international operators
following
Concentration Complexity Collaboration
Major projects over the
next decade will be 120%
more technology intensive
than the last decade**
*Source: GE energy based on PFC, CERA
**Based on Goldman Sachs (2010)
Increasing need to share
technical risks, ensure
economic viability and
maintain a social license to
operate drives industry
collaboration.