IPTI Deepwater Workshop Helps Industry Decision Makers Attack Project Risk.HOUSTON -- "It is imperative that all parties understand and work together to mitigate the risks involved in deepwater development projects," said Brian Boles, chair of the second annual ASME ASME - American Society of Mechanical Engineers Petroleum Division Deepwater workshop. The Petroleum Division is one of three divisions of ASME's International Petroleum Technology Institute (IPTI). "Deepwater: Attacking Project Risk," will be attended by a select group of senior-level executives from exploration and production companies around the world March 31 - April 1, at the Hotel Palacio Estoril near Lisbon, Portugal. Deepwater continues to be a focus area for both near- and long-term developments, said Boles. In 2002, deepwater production from water depths ranging from 1,000 to 5,000 feet accounted for 61 percent of oil production in the Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east , according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. industry sources. Through a combined format of keynote addresses and working group sessions, the workshop will provide key oil and gas industry decision-makers with tools to help minimize risk associated with deepwater development projects. Featured speakers include: --Michael Lutomski, Risk Manager, International Space Station Program - Lyndon B. Johnson Space Center The Lyndon B. Johnson Space Center (JSC) is the National Aeronautics and Space Administration's center for human spaceflight activities. The center consists of a complex of 100 buildings on 1,620 acres [1] --Tom Ehret, Chief Executive Officer - Stolt Offshore --Gordon Sterling, Manager of Deepwater Projects (retired) - Shell Oil Company Workshop participants will also collaborate to develop guiding principles addressed to stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. in deepwater extraction projects. The workshop take away will be designed to provide a common basis for understanding and dealing with risk sharing in major deepwater projects. "Deepwater: Attacking Project Risk" is sponsored by Dril-Quip, ExxonMobil Development Company, BP and Devon. Registration and additional information is available at www.asme-ipti.org or by calling 281-493-3491. About IPTI Houston-based International Petroleum Technology Institute was formed in 2003 as a leading professional and technical institute to provide advanced educational, networking and technology transfer opportunities for the offshore engineering and related industries. IPTI is composed of three separate divisions: the Petroleum Division (PD), the Offshore, Ocean and Arctic Engineering Division (OOAE OOAE Ocean, Offshore and Arctic Engineering (American Society of Mechanical Engineers, ASME) ) and Pipeline Systems Division (PSD (tool) PSD - Portable Scheme Debugger. ). About ASME Founded in 1880 as the American Society of Mechanical Engineers (body) American Society of Mechanical Engineers - (ASME) A group involved in CAD standardisation. , today's ASME is a 120,000-member professional organization focused on technical, educational and research issues of the worldwide engineering and technology community. In 2005, ASME celebrates 125 years of continued service and leadership -- setting the standard -- for professional engineering societies worldwide. |
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