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OTC Award Recipients Announced

RICHARDSON, Texas, U.S.A. (25 February 2004) – F. Richard Frisbie and the Na Kika Project receive this year's OTC Distinguished Achievement Awards during the prestigious 2004 Offshore Technology Conference (OTC) Awards Luncheon, scheduled 12:15 to 1:45 p.m., Tuesday, 4 May 2004.

At the event, Rod Allan, OTC .04 Chairman, recognizes both an organization and an individual for their unique contributions to the offshore industry. The OTC Distinguished Achievement Award for Individuals goes to F. Richard Frisbie for his vision and leadership over several decades in the advancement of enabling technology to allow the realization of deepwater drilling and production, especially the use of remotely operated vehicles (ROVs).

Frisbie spent more than 20 years in the offshore industry developing new technologies to operate in the complex world of deepwater exploration. He was one of the pioneers in the development and application of workclass ROVs and the concept of integrating ROVs, tooling interfaces and tooling into a functional capability for performing underwater work remotely. He also developed and managed two of the deepest diving, commercial, remote work systems deployed before 1984. Frisbie established and managed what has become the largest and most sophisticated remote subsea work group in the industry.

Allan also presents OTC's Distinguished Achievement Award for Companies, Organizations, and Institutions to Shell and BP for the Na Kika Project. These companies are recognized for outstanding application of technology in the design, construction and installation of the Na Kika floating development and production system in 6,350 feet of water, and the associated subsea infrastructure that ties together six dispersed fields.

The Na Kika Project is located approximately 140 miles southeast of New Orleans in water depths ranging from 5,800 to 7,000 feet. The project is a subsea development of five independent fields tied back to a centrally located, permanently moored floating development and production host facility. The host has a semisubmersible-shaped hull with topside facilities for fluid processing and pipelines for oil and gas export to shore and is placed in a central position within the Na Kika unit. By using this novel co-development concept, Shell and BP are able to develop and produce hydrocarbons profitably.

During the luncheon, Allan also presents the OTC Special Citation to the International Association of Drilling Contractors (IADC) and the Offshore Operators Committee for their foresight, initiation and leadership in the development of the Deepwater Well Control Guidelines.

The OTC Awards Luncheon is a ticketed event at U.S. $40 per ticket. For more information about the 35th annual OTC, including registration, visit www.otcnet.org/2004.

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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 Center in Houston. For more information, visit www.otcnet.org.

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