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

OTC Announces 2007 Spotlight on New Technology Award Recipients

RICHARDSON, Texas, USA (2 March 2007) The Offshore Technology Conference has announced the 14 winning technologies that will receive the 2007 Spotlight on New Technology Awards recognizing innovative technologies significantly impacting offshore exploration and production. The awards will be presented at 4 p.m. Monday, 30 April, at the conference, which occurs 30 April-3 May at Reliant Park in Houston.

Now in its fourth year, the Spotlight on New Technology program gives exhibitors an opportunity to showcase their latest and most advanced technologies to more than 60,000 attendees at OTC. Winning technologies are selected on four criteria:

• New and Innovative – The technology must be less than two years old
• Proven – The technology must be proven, either through full-scale application or successful prototype testing
• Broad Interest – The technology must have a broad interest and appeal for the industry
• Significant Impact – The technology must provide significant benefits beyond existing technologies

The 2007 award recipients represent a broad range of technologies and solutions:

• Aker Kvaerner Subsea - SeaBooster™
• Aker Kvaerner Well Services - PowerTrac® Cone Crusher™ Scale Mill Concept
• Baker Oil Tools - Diamond FRAQ™ Polymer-Free High-Performance Fracturing Fluid
• Baker Oil Tools - linEXX™ Solid Expandable Monobore Liner Extension System
• DYNAenergetic GmbH & Co. KG - DYNAerergetics No Debris Gun System (NDG)
• FARO Technologies - FARO TrackArm
• Halliburton The Honey Comb Base™ Tank System
• Jet-Lube, Inc. - SEAL-GUARD™ ECF and NCS-30™ ECF
• MODEC International, LLC - MOSES Self Stable Integrated Platform (SSIP) Tension Leg Platform (TLP)
• Single Buoy Moorings Inc. - LNG Toroidal Swivel
• Secure Drilling - The Secure Drilling™ System
• Versabar, Inc. - Eugene Island 330C and 330B Topsides Raising Design
• Vetco Gray - MR-6H SE Marine Riser Connection
• Weatherford - OverDrive™ System

For more information about the winning technologies, including photos and descriptions, visit www.otcnet.org/2007/spotlight.

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.

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