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Otc14 Preview Final LR
Otc14 Preview Final LR
milestone event
n As OTC turns 45, middle age does not seem to be slowing it down.
n
ow entering its 45th year of existence, the Ofshore
Technology Conference continues to be one of the
biggest and most impressive energy conferences in the world.
With a full slate of technical presentations, breakfasts and
luncheons, plenary discussions and more, combined with an
enormous exhibition of the best technology the ofshore in-
dustry has to ofer, the show is truly a remarkable feat. And
it takes true dedication to pull something like this of.
Afer serving as vice chairman for
the last two years, Ed Stokes took
the reins of the chairmanship at the
closing of the 2013 conference. His
excitement about the upcoming
conference is palpable.
OTC today isnt just the plan-
ning for and the annual execution
of the conference in Houston. It is
the management of four global con-
ferences, Stokes said. And while Im very excited about
the technical program and exhibition we have in store this
year, we are also celebrating our
45th anniversary. Im excited about
the anniversary since it signifes and
confrms the great vision that the
people who created OTC had in the
late 60s. Furthermore, it shows that
the collaborative model among en-
gineering and geoscience societies
and trade organizations is still meet-
ing the needs of our society mem-
bers, exhibitors and attendees.
For Stokes, the transition from vice chairman to chairman
has been signifcant. In his vice chairman role, he mostly
served in a supportive role. Now hes the one leading the team.
Im now the one out in front and the one leading and
making many decisions for the organization, he said. As
chairman of the board, you become the point of focus
both internally and externally. Its humbling to have the
faith and support of my fellow board members.
By rhonDA DuEy
By mArk ThomAS
Along with bringing large,
complex new projects on
stream, the global ofshore in-
dustry also fnds itself dealing
with soaring costs at a time of
profound change. As a result,
the need for new and enhanced
technologies and solutions, as
well as better procedures for utilizing standardized
equipment where possible, remains paramount.
With cost infation having directly caused some oil
companies to stallbut crucially, not cancelsome
of their largest projects while they trim their capex
fgures with down-sized or simpler development al-
ternatives, it is likely to be one of the major talking
points at OTC, the worlds premier ofshore oil and
gas event.
Whenever the purse strings are tightened in the
ofshore industry, talk also turns to the need for com-
panies to not cut too deeply, especially where inno-
vation and R&D activity is concerned.
Its no accident, therefore, that much of this years
OTC conference program refects many of these top-
ics and more. With panel sessions on subjects rang-
ing from the impact of the North American
unconventional play revolution on the deepwater in-
dustry, to how best to fund new E&P technologies,
there will be something for everyone at Reliant Park
in Houston.
With a forecast record global E&P spend for 2014
of $723 billion, compared to $682 billion last year
(according to Barclays annual industry survey), the
ofshore industry currently retains a major slice of
that pie.
But the nature of this business can change remark-
ably quicklyfor example, deepwater and shale are
two capital-intensive but booming sectors. However,
the latter is expected to represent 25% of total global
E&P spend by the year 2020and that may mean ap-
propriating investment funds currently allocated
elsewhere, including the ofshore sector.
Industry to Come
Together for 45th
Annual OTC
n 2014 conference brings worlds ofshore talent together to network
and innovate for the future.
F
orty-fve years ago Te Beatles played their fnal con-
cert and recorded their last album, Abbey Road. It
was also the year of the frst OTC.
Tis year, as OTC celebrates its 45th anniversary, it
welcomes thousands of attendees from all over the world
to Houston and pays homage to Te Beatles and 1969 by
using a No. 1 hit from the bands Abbey Road album as
its theme: Come Together. We provide the venue and
unique opportunities for leaders,
engineers, scientists, professionals,
manufacturers, investors and entre-
preneurs to come together to see
the state of the art of our industry
and explore new opportunities,
said Doreen Chin of Shell, this
Industry in
Transition
n Te past year has seen the global
ofshore industry bring on stream
some of the largest and most complex
projects ever attempted.
See ChAIRmeN
continued on page 46
See PROgRAm
continued on page 46
See TRANSITION continued on page 46
OTC2014
SM
www.otcnet.org/2014 Monday, May 5 | Houston, Texas
| THE OFFICIAL 2014 OFFSHORE TECHNOLOGY CONFERENCE NEWSPAPER | DAY 1
Ed Stokes
Doreen Chin
Joe Fowler
By Amy LogAn
3 oTC ShoW DAILy | mAy 5, 2014 | PrEVIEW
SChEDuLE
oF EVEnTS
SM
editorial Director
Peggy Williams
e&P group managing editor
Jo Ann Davy
editor In Chief
mark Thomas
executive editor
rhonda Duey
Senior editor, Drilling
Scott Weeden
Senior editor, Offshore
Jennifer Presley
Senior editor, Production
Amy Logan
Chief Technical Director,
Upstream
richard mason
Associate managing editor,
Special Projects
mary hogan
Associate managing editor, e&P
Bethany Farnsworth
Associate Online editor
Velda Addison
Assistant editor
Ariana Benavidez
Contributing editors
Ian Anderson
John Drew
neil golding
Eivind gransaether
kyle S. graves
William head
Delimar Cristobal herrera
Ashley organ
Dr. Bjorn Paulsson
Steve Sasanow
mJ Selle
John Spain
Carsten Thgersen
Paul Walters
Corporate Art Director
Alexa Sanders
Senior graphic Designer
James grant
Production Director
& Reprint Sales
Jo Lynne Pool
Director of
Business Development
Eric roth
Vice President,
group Publisher, e&P
russell Laas
hART eNeRgy LLLP
President and
Chief Operating Officer
kevin F. higgins
Chief executive Officer
richard A. Eichler
The oTC 2014 Daily is produced for oTC
2014. The publication is edited by the
staff of hart Energy. opinions ex-
pressed herein do not necessarily
reflect the opinions of hart Energy or
its affiliates.
hart Energy
1616 S. Voss, Suite 1000
houston, Texas 77057
713-260-6400
main fax: 713-840-8585
Copyright may 2014