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OR IMMEDIATE RELEASE
CONTACT: Kevin McPherson
(+1-972-952-9371, e-mail kmcpherson@otcnet.org)

OTC Recognizes 'Rigs to Reefs' Program at Awards Luncheon

RICHARDSON, Texas, U.S.A. (5 May 2002) - The Offshore Technology Conference (OTC) recognized three agencies on Wednesday for their part in the "Rigs to Reefs" Program, a multi-agency project that converted unused offshore rigs into permanent artificial reefs.

OTC presented a Special Citation to "Rigs to Reefs" as part of the annual Awards Luncheon at the Reliant Center in Reliant Park in Houston. Also recognized on Wednesday were Bruce Collipp (Distinguished Achievement Awards for Individuals) and ExxonMobil Development Company's Hoover Diana project (Distinguished Achievement Award for Companies, Organizations, and Institutions).

The Minerals Management Service, the Texas Parks and Wildlife Commission, and the Louisiana Department of Wildlife and Fisheries were recognized for their leadership in the recycling of decommissioned offshore structures into permanent artificial reefs. The reefs serve as havens for marine life and as destinations for thousands of divers and fishermen, creating a "positive impact on the environment in the Gulf of Mexico," said Charlie Richards, OTC 2002 Chairman. Accepting the Special Citation were Dana Larson of the Rigs to Reefs Company, Paul Hammerschmidt with the Texas Parks and Wildlife Commission, Rick Kasprzak of the Louisiana Department of Wildlife and Fisheries, and Johnnie Burton, Executive Director of the Minerals Management Service.

To date, cooperating oil and gas companies have donated 49 rigs. In addition to the rigs, these companies have also donated half their realized savings from leaving the rigs offshore to the Texas Artificial Reef Fund. These dedicated funds are used to finance research, administration, maintenance, liability, and construction of new artificial reefs. The funds also make the Texas Artificial Reef Program self-sufficient, with no need for taxpayer dollars.

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 in May at Reliant Center at Reliant Park in Houston. For more information, visit the OTC 2002 Web site at www.OTCnet.org.

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