www.intertek.com

INTERTEK PRESENTATION

Cushing, OKCrude Oil & Residual Fuel

Laboratory Services

February 24, 2011

Bruce Carlile

Business Development Department

Intertek - Commodity Division

www.intertek.com

Our Heritage

1885Caleb Brett founds a marine surveying business

1896Thomas Edison establishes what’s later renamed as the Electrical Testing Laboratories (ETL)

Now recognized as the famous “ETL” mark

“I will treat each cargo as if it were my own.”

- Caleb Brett, Founder, 1885

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A Global Network

• FTSE 100 company in the Support Services sector

• Market capitalization at £2.3 billion

More than

1,000laboratories and offices

Over

25,000people

More than

100countries

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Our Services

The industries we operate in What we doThe industries we operate in

Testing

Inspection

Certification

Auditing

Outsourcing

Advisory

Quality Assurance

Consumer Goods

Commercial & Electrical

Commodity Division

Analytical Services

Industrial Services

Minerals

Aerospace & AutomotiveBuilding ProductsChemicalConsumer Goods & RetailersElectrical & ElectronicEnergyFood & AgricultureGovernment & InstitutionsIT & TelecomIndustrial & ManufacturingMedical & PharmaceuticalMineralsToys, Games & HardlinesTextiles, Apparel & Footwear

Operational Focus Industries we service What we do

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Terminals (Inventory 56 mmb)

1. Blue Knight Energy2. BP Oil (now Magellan)3. Centurion Pipeline LP (heritage Occidental)4. Conoco Phillips5. Enbridge Energy (on-site Laboratory)6. Enterprise Products Partners (heritage TEPPCO)7. Gavilon LLC (formerly Con-Agri)8. Plains Marketing LP9. Semcrude LP10. Sunoco Logistics

300,000 Barrel Shore Tank300,000 x 42 = 12,600,000 Gallons12,600,000 x 4 = 50,400,000 quarts

º

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Historical and Controversial Dumb Bell Crude Blending

Heavy Sour Crude

Condensate

Blend which matchesAPI and Sulfur for a

Desirable sweet crude

V NiFe

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Crude Oil & Residual Fuel Laboratory

Broke Ground Dec. 2010 3,200 Square Feet

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Flash Assay (Inspection Assay)

WHOLECRUDE

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Domestic Light Sweet Crude (WTI) Domestic Sweet

16%not moreVacuum resid >1020 F , not more than 16% by weight

570 Deg F470 Deg F50 % Point by HTSD: 470 F - 570 F

19% by Wt%<220 Deg Flight ends <220°F, no more than 19% by weight

2 mLWt%ASTM D 7169High Temperature Simulated Dist. (HTSD)10ppm15 ppmVanadiumppm8 ppmNickel

50 mlICP D 5708-B (dry

ash,acid digestion)

Metals by ICB (set up/prep) incl 2 metals9

50 mLmg KOH/g0.28 or lessASTM D 664Total Acid Number (TAN)85 mLWt%2.40%ASTM D4530Micro Carbon Residue (MCRT)7

Future/Additional Recommended SpecificationsB

50 mL°F50 Deg MaxASTM D97Pour Point6

100 mlWt%<1%ASTM D96 or D4007S & W (centrifuge)510 mlpsi@100 F9.5 psiASTM D 5191Reid Vapor Pressure (RVP)420 mLcSt60 SUSASTM D445Viscosity, SSU at 100 deg °F330 mlWt%0.04%ASTM D 4294Total Sulfur2300 mldeg42 API37 APIASTM D 287API Gravity1

Current - CME/NMEX Grade & Quality SpecificationsA

SAMPLE

SIZEUNITSSPEC MAXSPEC MINMETHODTEST

www.intertek.comASTM D4928 Water Content by Karl Fisher (Coulometric)ASTM D4377 Water Content by Karl Fisher (Potentiometric)ASTM D4006 Water by distillation ASTM D95 Water by distillation (for residual fuels)ASTM D445 Viscosity - Kinematic (temperatures to be selected)ASTM D5191 Vapor Pressure ASTM D6377 Vapor Pressure (crude oil only)ASTM D4294 Sulfur ContentASTM D473 Sediment by extractionASTM D2161 Saybolt viscosity by way of Kinematic viscosity conversionASTM D3230 Salt in crude oilASTM D4007 S & W (Centrifuge)ASTM D323 Reid Vapor PressureASTM D97 Pour pointASTM D5762 Nitrogen Content (Boat Inlet Chemiluminescence)ASTM D4530 Micro carbon residue (MCRT)IP 501Metals by ICP (fuel oils only)ASTM D5708 A & BMetal analysis by ICP (Ni, Fe, V)ITM 6008 Light ends analysis by GCUOP 163 H2S/Mercaptain sulfurASTM D93 Flash pointASTM D86 Distillation, AtmosphericASTM D7169 Distillation (HTSD), high temperature simulated dist. by GCASTM D2500 Cloud pointASTM D4929 Chlorides – TotalUOP 779 Chloride – OrganicASTM D6560 Asphaltene contentASTM D482 Ash content ASTM D5002 API/Density/Specific Gravity (Densitometer)ASTM D4052 API/Density/Specific Gravity (Densitometer)ASTM D287 API (Hydrometer)ASTM D664 Acid number (TAN)Test MethodAnalysis

CUSHING, OK Laboratory Capabilities

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Range of Services

A comprehensive range of expert technical services to the oil and gas industry. These include:

• Testing & certification of crude oil and residual fuels locally.

• Third party sampling of tanks & pipelines

• Monthly tank inventories

• Tank calibration/strapping

• Metering, measurement, calibration

• API 653 tank condition inspection

• CPW (certified public weld) inspection

• Sample expediting & shipping (DOT, IATA Regulations)

• Chicago, Deer Park & New Orleans laboratories

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Why Intertek?

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Strong experience and support team• Chicago, Deer Park and New Orleans• Cushing staff of (3) three• Local presence for rapid turn around• Cost savings

Size and commitment of the organization• Financial stability with all new state of the art equipment• Support and manage large projects• Quick moving

Global presence• Global reach to support global projects• Accelerate time to market

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Facility Outsourcing with Intertek

International market leader for secure transition of corporate facilities

• Experience in management & efficient operation of R&D, QC and product support services

• Breadth of technical competence• Cost savings• Alignment with parent company

culture• Added value and innovation• Zero conflict of interest• Track record

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Contact Information

Bruce CarlileBusiness Development

Intertek - Americas SalesCommodity Division

801 Travis StreetSuite 1500Houston, TX 77002Office: (713) 407-3514Cell: (713) 398-0183Email: bruce.carlile@intertek.com

Kevin GilbertCushing Branch Manager

Intertek - Cushing, OKCommodity Division

804 E North StreetCushing, OK 74023Office: (918) 306-4206Cell: (918) 409-7099Email: kevin.gilbert@intertek.com

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Strong Globally. Strong Locally.