2004 IADC Annual Meeting focuses on the future

THE 2004 IADC Annual Meeting 22- future for ’s oil industry and terror Arabia and Iraq may respond to these 24 September in New Orleans promises attacks inside all pose challenges. to be an informative look at the indus- strong challenges to the future stability try’s future in terms of technology, of oil markets. Adding to the mix is shifting post-Sep- geopolitics and market outlooks from tember 11 US foreign policy, which is the perspective of the drilling contrac- But in the coming years, rising output becoming more assertive and pre-emp- tor, operator and industry analysts. The from non-OPEC sources such as tive, especially where the Middle East is always anticipated ReedHycalog rig and West Africa, as well as competition concerned. within OPEC itself, will make the pro- census will also be presented during the DRILLER’S OUTLOOK Annual Meeting. ducer group’s ability to hold prices above $25 far more difficult. A coffee break follows the keynote Wednesday, 22 Sept begins at 2:00 pm address, and then the Drillers Outlook when registration will be held until 5:00. Ms Jaffe, well-known oil specialist and begins at 9:45, featuring two experi- The Executive Committee members will Wallace Wilson Fellow for Energy Stud- enced drilling contractors who will pres- meet from 3:00-5:30. ies at the James A Baker Institute for Public Policy at Rice University, will dis- ent their take and outlook on the rig and Registration on Thursday begins at 7:00 cuss the ins and outs of the challenges commodity markets, discussing trends am with coffee service sponsored by facing oil markets in the years to come and events that impact the onshore and Varco International. and how key countries like Saudi offshore drilling industry around the world. DISTINGUISHED SERVICE AWARD Dennis Smith, Director of Corporate A keynote breakfast sponsored by Development for Nabors Industries Hydril begins at 8:00 with the presenta- Ltd, is responsible for all facets of the tion of the IADC Distinguished company’s interaction with the Service Awards. The award recog- capital markets, mergers and nizes individuals for outstanding acquisitions, corporate marketing contributions to the drilling indus- and management development. He Dennis Smith try and to IADC. IADC Distin- has previously served as Presi- guished Service Award recipients dent and Executive Vice President have, in the course of their career, of two of the company’s operating repeatedly demonstrated their subsidiaries. commitment to improving the Amy Myers Jaffe Jon Marshall drilling industry and advancing its Jon A Marshall, President & CEO safety, training or technology. of GlobalSantaFe Corporation, has been with the company for This year’s recipients are Donald Elliot Pew over 25 years, beginning his Ray, Executive Vice President- career with Global Marine as a QHSE, Inc. roustabout in 1979. After holding (Retired), and Buddy King, Vice numerous operational and mana- President Special Projects, Noble gerial positions, he subsequently Don Hannegan H.E. (Helene) Harding Corporation (Retired) served as President of the operat- ing subsidiaries ADTI, CMI and KEYNOTE ADDRESS Global Marine Drilling Co. Pete Miller Amy Myers Jaffee, Senior Ener- In 1998, he was promoted to the gy Advisor, Baker Institute for position of Executive Vice Presi- Public Policy, will present the dent and COO of Global Marine Inc keynote address on the Changing and in November 2001, he was Geopolitics of Oil. Steven Nowe Mike Williams appointed to the same position within GlobalSantaFe. He now OPEC has had remarkable suc- serves as President and CEO. cess in maintaining oil prices above the group’s targeted price John Deane MPD band since 2000. The group’s mar- ket management effort has been At 10:45, following the Drillers helped in great measure by politi- Outlook, Don Hannegan, Director, cal factors that have created a so- Underbalanced Services for called “terror premium” in the Mike Derbyshire Juan Garcia Weatherford International, will . Continued political discuss managed pressure drilling unrest in , the uncertain technology. Arvind Sanger

22 DRILLING CONTRACTOR September/October 2004 Mr Hannegan is a Registered Profes- will present Deep Gas Opportunities: H E (Helene) Harding, General Manag- sional Engineer and Chair of the SPE An Operator’s Perspective. er, Gulf Coast Business Unit of Technical Interest Group on Underbal- Upstream for ConocoPhillips, will anced Drilling, Completions and Mr Pew joined Newfield Exploration in make the featured luncheon presenta- Workovers. January 1998. Prior to his current posi- tion. Ms Harding is responsible for the tion, he was also Team Leader for the eastern half of the Lower 48 United He is on several program committees company’s new onshore effort along the States. and advisory boards addressing tech- Gulf Coast. In that capacity he was nology transference venues for Under- responsible for growing the company’s She was promoted to this position in balanced Drilling (UBD) and Managed gross onshore production from about 10 2003 after serving as the South Pressure Drilling (MPD); a member of MMcfe/d to more than 140 MMcfe/d over Business Unit Manager upon closure of the IADC MPD Subcommittee; and offi- a three-year period. the ConocoPhillips merger in 2002. cer of the recently formed Arkansas Section, SPE. Prior to joining Newfield, Mr Pew was Ms Harding joined Conoco in 2001, Senior Vice President-Exploration with bringing with her extensive experience He is author of numerous technical American Exploration. He is a member gained during 19 years with ARCO Oil papers and published articles speaking of the Geological Society, Amer- and Gas and BP in reservoir, facilities, to practical applications of UBD, MPD ican Association of Geolo- planning and evaluation and interna- and enhanced well control aspects of gists and Society of Exploration Geo- tional new ventures. drilling with closed and pressurize-able physicists. mud returns systems. DEEPWATER DEVELOPMENT LUNCHEON EVENTS DEEP GAS At 1:45, Steven Nowe, Project Drilling Lunch begins at 12:15 sponsored by Manager for BHP Billiton Petroleum, A coffee break follows Mr Hannegan’s Hughes Christensen and will feature will present Economic Challenges Fac- presentation at 11:15. Beginning at recognition of IADC officer nominees for ing Ultra Deepwater Development 11:30, Elliott Pew, Vice President 2005 and presentation of the 2004 Chair- Drilling. Mr Nowe has 17 years world- Exploration for Newfield Exploration, man’s plaque. wide drilling experience on all types of

September/October 2004 DRILLING CONTRACTOR 23 drilling rigs from remote land drilling Business Manager-Middle East, Pride More Efficient Drilling Operation. operations to fifth generation deepwater International, & Chairman of the IADC drillships. Southern Arabian Peninsula Chapter, Conducting a safe, efficient drilling will present Opportunities in Iraq: A operation in the global arena requires RIG TECHNOLOGY Drilling Contractor’s Perspective. the building of an effective working rela- Beyond the headlines, the Iraq petrole- tionship between operator, contractor At 2:15, following Mr Nowe’s presenta- um producing industry is picking itself and service companies at every level. tion, Pete Miller, Chairman, President up and turning to the right. and CEO of National Oilwell, will pres- The challenge of quickly developing fully ent Advances in Drilling Rig Technol- Last spring, under the leadership of Mr functioning work teams with inexperi- ogy. Derbyshire, the IADC Southern Arabian enced workers requires a unified effort Peninsula Chapter organized a confer- by all parties to develop what ExxonMo- Mr Miller joined National Oilwell in Feb- ence on Iraqi oil and gas field develop- bil calls a Site Specific Operations Safe- ruary 1996 as Vice President of Market- ments. The event featured leading fig- ty Plan. ing, Drilling Systems, and was promoted ures in the Iraqi drilling and producing in April 1997 to President of the Compa- This approach of bringing the best ideas industry. In this presentation, Mr. Der- ny’s Products and Technology Group. from all operations shareholders into a byshire will provide numerous insights simple and common plan for conducting In November 2000, he was named Presi- into the challenges and opportunities the work has proven to be an effective dent and Chief Operating Officer. In May for drilling contractors in Iraq. means for achieving a safe and efficient 2001 he was elected President and Chief operation. Executive Officer, and elected Chairman ANNUAL MEETING RECEPTION of the Board in May 2002. Following the Iraqi presentation at 4:30- MARKET OUTLOOK TECHNOLOGY AND DRILLING 5:30, the IADC Board of Directors Meet- A coffee break follows the breakfast at ing for IADC Directors only will be held. 9:30. This is followed by the traditional At 2:45, Michael K Williams, Presi- The always anticipated Annual Meeting Market Outlook at 10:00 am that winds dent-Drilling Equipment, Varco Inter- reception will be from 5:30-7:00, co- up the Annual Meeting. national Inc, will present The Factory sponsored by Security DBS. Entertain- That Digs a Hole-Impact of Technolo- This year industry analysts Arvind ment will be provided by the Big Easy gy on the Drilling Process. Sanger, Portfolio Manager for SAC Jazz Band sponsored by Parks Paton Capital Management LLC, and John Mr Williams began his career in the oil- Hoepfl & Brown. This year, members Herrlin, First Vice President at Merrill field with Varco in 1979 as a Design will enjoy a generous spread of New Lynch, will review past performance of Engineer. He has held various manage- Orleans delicacies while relaxing to the global drilling industry and spotlight ment positions with Varco around the Crescent City jazz. future trends. world, including Group Manager Appli- cation Engineering; Director, Sales and RIG CENSUS Mr Sanger joined SAC Capital in Novem- ber 2002. Prior to that he was a sell-side Service; and Group Vice President of The Annual Meeting continues on Fri- equity research analyst for over 15 Sales & Service. day, 24 Sept with registration beginning years covering the oil services and at 7:30 am and coffee service sponsored As President he is responsible for the equipment sector at a number of firms by Tesco Corporation. The Operator’s worldwide operations of the Varco including Deutsche Bank, Donaldson, Outlook Breakfast will be from 8:00-9:30 Drilling Equipment division of Varco Lufkin & Jenrette and Kidder Peabody. International. featuring the presentation of the Reed- Hycalog rig census presented by John Mr Herrlin is a top-rated Institutional DRILLING IN Deane, President of ReedHycalog. Investor All American analyst for the eighth consecutive year. A coffee break sponsored by Varco The ReedHycalog rig census and associ- International follows Mr Williams’ pres- ated contractor survey is one of the He is also a top-ranked Greenwich Asso- entation. Then at 3:15, Drilling in Mex- major statistical benchmarks on the ciates analyst covering exploration and ico: An Update will be presented. Mexi- land and offshore drilling industry. production companies and currently fol- co has become an increasingly hot lows 23 US oil and gas exploration and This year’s census has been expanded drilling market as PEMEX expands its production companies and six Canadian to include Canadian rigs, as well as prospect portfolio, aiming to significant- oil and gas companies. worldwide mobile offshore drilling units, ly boost production. This presentation in addition to US units. will focus on PEMEX’s goals and result- SPONSORS ing drilling opportunities in Mexico. OPERATOR OUTLOOK Special thanks go to the IADC Annual Meeting sponsors, which includes Another coffee break follows this pres- The rig census will be followed by an Hughes Christensen Company; Hydril entation. address at the breakfast by Juan Gar- Company LP; Parks Paton Hoepfl & cia, Drilling Manager, ExxonMobil OPPORTUNITIES IN IRAQ Brown; ReedHycalog; Security DBS; Development Company, Building the Tesco Corporation; and Varco Interna- Right Operator/Contractor/Service At 4:00, Mike Derbyshire, Marketing & tional. I Company Relationship for a Safer

24 DRILLING CONTRACTOR September/October 2004