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

OTC Announces 2008 Spotlight on New Technology Award Recipients

RICHARDSON, Texas, USA (25 February 2008) The Offshore Technology Conference (OTC) has announced the 14 technologies that will receive the 2008 Spotlight on New Technology Awards, recognizing  innovative technologies significantly impacting offshore exploration and production. The awards will be presented at 4 p.m. Monday, 5 May, at the conference, which occurs 5-8 May at Reliant Park in Houston.
The Spotlight on New Technology program gives exhibitors an opportunity to showcase their latest and most advanced technologies to more than 67,000 attendees at OTC. Winning technologies are selected on four criteria:

• New and Innovative – less than two years old
• Proven – through full-scale application or successful prototype testing
• Broad Interest – a broad appeal for the industry
• Significant Impact – provides significant benefits beyond existing technologies

The 2008 award recipients represent a broad range of technologies and solutions:

• ABB AS Wireless -- Vibration Sensor
• Baker Hughes - Baker Oil Tools -- RAM Rotatable Self-Aligning Multilateral System
• Baker Hughes -  INTEQ -- MagTrak™
• Cubility -- Mudcube™
• Delmar Systems, Inc. -- OMNI-Max™ Anchor for MODU Mooring
• Expro -- ViewMax sideview camera
• FMC Technologies, Inc. -- Enhanced Vertical Deepwater Tree (EVDT)
• Schlumberger -- FUTUR* Active Set-Cement Technology
• Schlumberger -- ResInject* Injection Control Device
• Versabar, Inc. -- Bottom Feeder
• Weatherford International Ltd. -- MetalSkin® Monobore Open-Hole Liner System
• Weatherford International Ltd. -- Motorized Cutting Tool (MCT)
• Welltec® -- The Well Miller® Circulating Bit
• Yantai Raffles Shipyard Ltd. -- Taisun, 20,000 MT gantry crane

For more information about the winning technologies, including photos and descriptions, visit www.otcnet.org/2008/spotlight .
Press registration is available online at  Press Registration.

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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