Enhancing E&P Business Efficiencies:Upstream Standards. Bottom Line Results.

Energistics Annual Member Meeting Randy ClarkHouston, Texas President & CEO8 March 2007 Energistics

The Vision

• Energistics will be the global Energy Standards Resource Centre for the upstream oil and gas industry

The Mission

• Energistics will deliver to the upstream oil and gas industry the means to produce, promote, deploy and maintain common information and data standards

2006: A Look Back

• Business Development– Rebranded the company – Redesigned and launched the website – Developed a target membership Initiative – Began implementation of the Global Region plan

• Marketing– Bi-monthly ‘Community Headlines’ email – Press releases and placed articles in industry

journals – Presented, exhibited or attended conferences in

Dubai, Kuala Lumpur, Norway, UK, US and China delivering the Energistics message

2006: A Look Back

• Standards Development– WITSML– PRODML– Global Unique Well Identifier– Products, Services and Equipment Classification

• Operations– Reduced overall operating costs through personnel

reduction and HR outsourcing– Implemented new accounting system– Developed new personnel policies and financial

controls– Implemented new Performance Expectations

Framework– Established the Energistics Standards Advisory

Council

2007: Leveraging Assets to Value

• Operational Efficiency• Energistics Approach• Value Equation• Focus of Efforts

Board

Economics

ReservoirEngineering

ExplGeology

Petrophysics PetroleumEngineering

Drilling

Engineering

ProductionGeology

Production

Engineering

Facilities

Engineering

ProductionOperationsGeophysics

DrillingOperations

Completion &Workover

E&P Catalogue Standards

XML exchange standards, design guidelines, profiles

Data Management SIG

Production PRODMLSIG

Reference Data Standards

eRegulatory SIG

Global Unique Well Identification Standards

Areas of Focus

E&P Business Process Reference Model

Board

Economics

ReservoirEngineering

ExplGeology

Petrophysics PetroleumEngineering

Drilling

Engineering

ProductionGeology

Production

Engineering

Facilities

Engineering

ProductionOperationsGeophysics

DrillingOperations

Completion &Workover

Drilling WITSML SIG

2007: Key Strategies

• Value-Based Business Model• Growth• Leverage • Diversification• Value Delivery

2007: Membership

• Currently 70 Members– 36 Sustaining– 21 Contributing– 13 Associated

• Different Members = Different Motivations + Expectations + Skillsets

• Target 20 New Members– 8 Sustaining– 7 Contributing– 5 Associated

2007: Community

• Eight Regions• Localization to Standards• Identify Business Requirements• Drive Deep Deployment• 2007

– South Asia: January– North America: March– Western Europe: May

• Energy Standards Resource Centre

2007: Marketing

• Energistics website– Content– Functionality

• Speaking at and/or exhibiting at approximately eighteen trade shows

• Targeted events in each of the eight global Regions

• Continued visibility through aggressive public relations.

2007: Standards Development & Deployment

• Premier Initiatives: – WITSML: Growth and high-quality long-term

roadmap– PRODML: Market activity from Version 1.0; wider

scope of optimization capabilities• Initial Market Presence for Global Unique

Well Identifier• Major Initiatives

– Strategically driven– Full life cycle– Leveraged resources

• Compliance Certification & Testing• Standards Advisory Council

2007: Operations

• Expanded Board• Cost Optimization• Policies, Procedures• Membership Fee Structure• Sound fiscal management

Energistics

Upstream Standards. Bottom Line

Results.TM

Thank you!