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Tesco Corporation Takes Top Honors at World Oil Next Generation Awards; Thirteen Winners Recognized at Industry Event.


Business/Energy Editors

HOUSTON--(BUSINESS WIRE)--Oct. 18, 2002

World Oil(R) magazine announced the thirteen winners of the "Next Generation" inaugural awards program at a sold-out sold-out
adj.
Having all tickets or accommodations completely sold, especially ahead of time.

Adj. 1. sold-out - having taken a bribe or bribes; "a sold-out politician"
 gala dinner last night in Houston. The dinner, attended by more than 270 industry leaders, also benefited four universities that offer programs leading to careers in the petroleum industry.

Calgary-based Tesco Corporation This article is about the oil industry company. For UK-based supermarket group, see Tesco.
Tesco Corporation (NASDAQ: TESOF) is a company specialising in the design, manufacture and servicing of technology-based solutions for the upstream energy industry.
 took top honors for its innovative casing drilling technology. This new technology allows wells to be simultaneously cased and drilled, a significant step-change in methods from the rotary-drilling technique that has been used for the past century.

Robert P. Peebler, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Energy Virtual Partners, won the "Oil and Gas Industry Executive Award" for his breakthrough thinking on how upstream From the consumer to the provider. See downstream.

(networking) upstream - Fewer network hops away from a backbone or hub. For example, a small ISP that connects to the Internet through a larger ISP that has their own connection to the backbone is downstream from the larger
 companies manage their information. He has helped pioneer the concept of providing integrated software Separate software components or applications that have been combined into one package. See integrated software package.  solutions that allow geoscientists to collaborate with engineers.

    The complete list of winners is:

    Winners

    1.  Tesco Corporation's casing drilling technology: The Next
        Generation Idea Award, sponsored by BearingPoint (formerly
        known as KPMG Consulting)

    2.  Robert P. Peebler, Energy Virtual Partners: Oil and Gas
        Industry Executive Award, sponsored by Spencer Stuart

    3.  ChevronTexaco Barrow Island Oil Field Environmental Program:
        Health, Safety, Environment/Sustainable Development Award

    4.  MagicEarth's GeoProbe: Best Development, Production and
        Reservoir Data Solution Award

    5.  Balmoral Group Ltd's UltraTherm Product: Best Production
        Solution Award, sponsored by Kvaerner Oilfield Products

    6.  Cameron's Environmental Safe Guard: Best Drilling/Completion
        Solution Award

    7.  Devon Energy for back-to-back acquisitions of Anderson
        Exploration & Mitchell Energy: Best Business Acumen Award,
        sponsored by Fulbright & Jaworski L.L.P.

    8.  Schlumberger's Oil-Base MicrcoImager: Best Exploration
        Solution Award

    9.  Input/Output's VectorSeis Technology: Best Exploration
        Solution Award

    10. A2D's Log-LINE Plus!: Best Database/Data Management Solution
        Award

    Certificate of Commendation

    1.  Thai Shell E&P Educational Program near Sirkit Oil Field:
        Health, Safety, Environment/Sustainable Development Category

    2.  Twister BV - Supersonic Natural Gas Dewpointer: Best
        Production Solution Category

    3.  Enventure Global Technology's Solid Expandable Tubulars: Best
        Drilling/Completion Solution Category


Marlene McClinton, president of Batyah Productions and former KHOU-TV news anchor, emceed the event. Perry Fischer Fi·scher , Hans 1881-1945.

German chemist known for his research on the components of blood. He won a 1930 Nobel Prize for his work on the synthesis of hemin.
, editor of World Oil, helped serve as the Master of Ceremonies. Highlighting the World Oil Awards' objective of supporting and inspiring the next generation of leadership in the petroleum industry, Mr. Fischer cited statistics pointing to a recent dramatic upswing Upswing

An upward turn in a security's price after a period of falling prices.
 in enrollment in leading university petroleum engineering programs. "The word is getting out that this is where technological breakthroughs are happening," Mr. Fischer commented. "Freshman enrollment in domestic university-level petroleum engineering programs has nearly doubled at select institutions in the past year."

The World Oil Awards benefited the University of Aberdeen The University of Aberdeen is an ancient university founded in 1495, in Old Aberdeen, Scotland and a world-renowned centre for teaching and research. It is the fifth oldest university in the United Kingdom and the wider English-speaking world. , the University of Adelaide Its main campus is located on the cultural boulevard of North Terrace in the city-centre alongside prominent institutions such as the Art Gallery of South Australia, the South Australian Museum and the State Library of South Australia. , Oklahoma University and Texas A&M. A third-party Advisory Board, comprised of 17 senior industry executives and academics, judged the short-list short-list  
tr.v. short-list·ed, short-list·ing, short-lists
To include (a candidate for a job, for example) on a shortlist.
 of nominees.

At the World Oil Awards dinner, "New Horizons" was announced as the theme for the 2003 World Oil Awards program.

World Oil(R) magazine, the leading oil and gas trade journal for the exploration, drilling and production sector, has a worldwide circulation of 36,000 readers. Gulf Publishing Company Gulf Publishing Company

Gulf Publishing Company is an international publishing and events business dedicated to the energy sector. Founded in 1916, Gulf Publishing produces and distributes leading trade journals, industry research, databases, software, publications,
 has published World Oil for 86 years. Additional information on the World Oil Awards program can be found at www.awards.worldoil.com or please contact Alexandra Pruner at 713/520-4474.
COPYRIGHT 2002 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Date:Oct 18, 2002
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