1. © Copyright 2005 Frost & Sullivan. All Rights Reserved. North American Markets for Compressors in the Oil and Gas Industry Increasingly Stringent Fuel Specifications to Help Growth of Compressors Industry Energy Group “Increasing cost of crude oil and natural gas, the improving economy and increasingly stringent product quality specifications for gasoline and diesel are likely to drive the compressors market in the oil and gas industry.”

2. © Copyright 2005 Frost & Sullivan. All Rights Reserved. Industry Trends Increasing cost of raw materials including steel, copper, and aluminum is proving to be a dampener on the profit levels of participants Decreasing value of dollar against foreign currencies helps North American market participants Compressors market is expected to grow at a rate of 4.0 to 4.5 percent per annum in line with growth of the oil and gas industry API’s tough standards for compressors drives technological improvements The refining segment heads the end-user market share with 38 percent; the United States accounts for 78 percent of the North American market Increasing stress is being laid on total ownership cost by customers

3. © Copyright 2005 Frost & Sullivan. All Rights Reserved. Key Features Frost & Sullivan Provides: An in-depth analysis of the North American market for compressors in the oil and gas industry Market drivers, restraints and challenges Pricing and technology/regulatory trends Market share of major compressor manufacturers End user and geographical analysis and trends

4. © Copyright 2005 Frost & Sullivan. All Rights Reserved. What We Offer Coverage: North America Proven methodology encompassing extensive primary and secondary data and research covering major compressor manufacturers, products, and end user groups Credible revenue forecast based on accurate data and analysis An analysis of current market trends, including geographic, end user, technology, and regulatory Thorough understanding of oil and gas industry and the compressor market can help formulate better business decisions

5. © Copyright 2005 Frost & Sullivan. All Rights Reserved. Who Will Benefit? Current Market Participants Get a view of the current market participants and the competition Comprehensive analysis of current and future drivers and restraints Understand the dynamics of the various products and end user segments, from an oil and gas industry perspective Get an opinion of new market share opportunities and ways to exploit them Future Market Participants Understand the conditions of the North American compressors market Understand the market trends and challenges Current Mechanical Prime Mover Users Comprehensive knowledge of the current North American compressors market Understand the market trends and challenges

6. © Copyright 2005 Frost & Sullivan. All Rights Reserved. Who Will Benefit? (Cont’d) Investment Community Assess current and future drivers and restraints Understand market dynamics, strategy and growth initiatives Assess attractiveness of investing in the North American compressors market

7. © Copyright 2005 Frost & Sullivan. All Rights Reserved. What’s Included Market drivers, restraints, and challenges Market analysis with data on compressors, geographic regions, and end-user groups Competitive analysis Pricing trends and demand analysis

8. © Copyright 2005 Frost & Sullivan. All Rights Reserved. Key Market Participants Ariel Cooper Compression Dresser Rand Elliott Frick Gardner Denver GE Energy Howden Kobelco Manturbo Mycom Rolls-Royce Siemens Westinghouse Solar Turbines

9. © Copyright 2005 Frost & Sullivan. All Rights Reserved.  Call toll free: 877 GO FROST (877.463.7876)  Fax toll free: 888.690.3329  E-mail: myfrost@frost.com  Visit: www.frost.com For More Information