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CONTACT: Margaret Watson, +1.972.952.9304 or media@otcnet.org

PRESS RELEASE

OTC Announces 2010 Spotlight on New Technology Award Recipients

RICHARDSON, Texas, USA (8 March 2010) -- The Offshore Technology Conference (OTC) has announced 13 technologies that will receive the 2010 Spotlight on New Technology Awards, recognizing innovative new products that provide significant impact for offshore exploration and production. The awards will be presented at 4 p.m. Monday, 3 May, at OTC, which occurs 3-6 May at Reliant Park in Houston.

The Spotlight on New Technology program gives exhibitors an opportunity to showcase their latest and most advanced hardware and software technologies to the attendees at OTC, the world’s largest event for the development of offshore resources. Winning technologies must meet the following five criteria:

  • New – less than two years old
  • Innovative – original, groundbreaking, and capable of revolutionizing the offshore E&P industry
  • Proven – through full-scale application or successful prototype testing
  • Broad Interest – broad appeal for the industry
  • Significant Impact – provides significant benefits beyond existing technologies

"The Spotlight on New Technology Awards underscore the advanced technology that is required to find and produce offshore resources in increasingly harsh, deepwater environments. The 2010 award recipients represent a broad range of technologies and solutions. The Spotlight awards have become a highlight of OTC," said Susan Cunningham, 2010 OTC chairperson.

Spotlight recipients and products for 2010:

  • Aker Solutions: MH MDDM 1000 AC™
  • ShawCor: Thermotite® ULTRA™
  • Expro: FlowCAT™ Wireless Safety Valve System
  • FMC Technologies: Self Configuring MPM - Multi Phase Meter
  • Halliburton: GeoTap® IDS
  • MacDermid Offshore Solutions: "Ultra High Temperature Subsea Control Fluid, ‘Oceanic XT900’"
  • Rapp Marine: Rapp Hydema liquid-cooled electric motor
  • Reelwell: Reelwell-Telemetry System
  • Schlumberger: Schlumberger SenTURIAN* subsea landing string electrohydraulic operating system
  • Schlumberger: subC-racs
  • TSGROUP: TST CFU - Compact Flotation Unit
  • Wanner Engineering, Inc.: Hydra-Cell T80 Series "Packing-Free" Triplex Pumps
  • WFS: SeaPAR

For more information about the winning technologies, including photos and descriptions, visit http://otcnet.org/2010/pages/awards/spotlight.html

Online Press registration is available at www.otcnet.org/2010/pages/press/index.html.

About OTC
Founded in 1969, the Offshore Technology Conference is the world's foremost event for the development of offshore resources in the fields of drilling, exploration, production and environmental protection. OTC is held annually at Reliant Park in Houston. For more information, visit www.otcnet.org/2010.