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World Oil Awards Winners Announced; Thirteen Winning Companies from Six Countries Receive Top Honors at Global Petroleum Event.

Energy Editors/Business Editors

2003 World Oil Awards

HOUSTON--(BUSINESS WIRE)--Oct. 17, 2003

World Oil(R) magazine announced the thirteen winners of the 2003 World Oil Awards at a black-tie gala dinner last night in Houston, Texas. The dinner, attended by more than 300 industry leaders, also benefited four universities that offer programs leading to careers in the petroleum industry.

Connecticut-based Praxair Inc. won "The New Horizons Idea Award" for its efforts with the Los Alamos National Laboratory in developing a process using thermoacoustics for liquefying natural gas. A team of engineers from Houston-based Hughes Christensen received "The Innovative Thinkers Award" for its collaborative efforts in designing the Genesis Motor Steerable HCM PDC Drill Bit. Other winners included Canadian firm Peloton for its WellView software and newly formed Norwegian firm emgs for its sea bed logging technique. The Ecuadorian operations of Occidental E&P received top honors for its Health, Safety, Environment and Sustainable Development initiatives in the Ecuadorian rain forest.

"The World Oil Awards showcases the tremendous innovation and technological breakthroughs driven by the global petroleum industry," said John "Rusty" Meador, president/CEO of Gulf Publishing Company and publisher of World Oil magazine. "It's a way for the industry to come together to recognize their peers and to continue to inspire the best and the brightest to join the ranks of this global business." The ten award categories span virtually all aspects of the upstream industry, ranging from Best Business Acumen to Best Data Management to Best Drilling/Completion Award.

"In addition to the geographic diversity of the winners, it is encouraging to see that both large and small companies receive recognition for their achievements," noted Meador.

The complete list of winners at the 2003 World Oil Awards is:

Winners

 1. The Hughes Christensen Genesis Motor Steerable HCM PDC Drill
 Bits Team: The Innovative Thinkers Award
 2. Praxair's Thermoacoustics for Gas Liquefaction: The New
 Horizons Idea Award
 3. Occidental E&P Company's Canopy Bridges Along a Rainforest
 Pipeline in Ecuador: The Health, Safety,
 Environment/Sustainable Development Award
 4. Landmark Graphics' AssetView: Best Data Visualization Solution
 Award
 5. The Offshore Energy Center: Best Outreach Program Award
 6. Peloton WellView Software: Best Data Management Solution Award
 7. Electromagnetic Geoservices' Sea Bed Logging: Best Exploration
 Solution Award
 8. Schlumberger's First Level 6 Multilateral Intelligent Well
 Completion: Best Drilling/Completion Solution Award
 9. Expro International/Marathon Oil/BJ Services' EXcape Completion
 Perforating Technology: Best Drilling/Completion Solution
 Award
 10. BP's Three-way Transaction Creating TNK-BP: Best Business
 Acumen Award
 11. WellDynamics' Digital Hydraulics: Best Production Solution
 Award

Judges' Certificates of Commendation

 1. The Oklahoma Energy Resources Board (OERB): Best Outreach
 Program Category
 2. Schlumberger's Analysis Behind Casing: The New Horizons Idea
 Category


The 2003 World Oil Awards benefited the Colorado School of Mines, Ecole du Petrole et des Moteurs-IFP School, University Agostinho Neto-Angola and the University of Texas. A third-party Advisory Board, comprised of 19 senior industry executives and academics, judged the short-list of nominees. Judging was also conducted by The Next Generation Committee, comprised of up-and-coming leaders in the petroleum industry who are graduates of the 90s.

The lead sponsors for the 2003 World Oil Awards were BearingPoint, EDS, Intel, Kvaerner Oilfield Products, Schlumberger and PriceWaterhouseCoopers.

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 has published World Oil for 87 years. Additional information on the World Oil Awards program can be found at www.awards.worldoil.com or please contact Nora Varty at 713-520-4475.
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Publication:Business Wire
Date:Oct 17, 2003
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