SOURCE: Gulf Publishing Company

October 17, 2008 06:00 ET

World Oil Awards Winners Announced

Thirteen Winning Companies Receive Top Honors at Global Petroleum Event

HOUSTON, TX--(Marketwire - October 17, 2008) - World Oil® magazine announced the thirteen winners of the 2008 World Oil Awards at the seventh annual black-tie gala dinner last night in Houston, Texas. The event, attended by close to 350 industry leaders, benefited two universities that offer programs leading to careers in the petroleum industry.

Frank Springett of National Oilwell Varco won the inaugural Next Generation Committee Award for his forward thinking and his involvement in the future of the industry. Schlumberger and Tesco were recognized in the Best Drilling Technology award for their New Directional Casing while Drilling Technique which allows more efficient deployment and retrieval of bottom-hole assemblies used in Directional Casing while Drilling. Halliburton was institutional in their award for Best Fluids which was the OmegaFrac(SM) Fracturing Service which uses as a carrier fluid a biopolymer-based, linear (no crosslink required) fluid system that eliminates the need for hydrocarbon-based concentrates. Weatherford took home the Best Well Intervention award for their Motorized Cutting Tool (MCT), a non-explosive pipe cutter for safe, efficient pipe recovery. Pipe recovery is extremely important in modern well intervention programs known as the Motorized Cutting Tool. Shell International Exploration and Production was awarded the Innovative Thinkers Award for pioneering production technologies, which helps harness the energy the world needs, from ever more extreme environments through their Shell Deepwater Team.

"Innovation and technological ingenuity will continue to be the central focal point of the global oil and gas business in the future," said John "Rusty" Meador, President and CEO of Gulf Publishing Company. "The 2008 World Oil Awards theme of 'Focus on the Future' celebrates the industry's best and brightest as well as honoring the up and coming new leaders of tomorrow through the Next Generation Committee."

"The World Oil Awards recognizes the achievements and contributions of both small and large corporations for their latest achievements and we are proud of all companies who submitted entries," noted Meador.

The complete list of winners at the 2008 World Oil Awards is:

     1.  Best Completion Technology Award: Schlumberger WellWatcher Flux,
         Schlumberger
     2.  Best Data Management Solution Award: OpenWorks® Project Data
         Management System, Halliburton
     3.  Best Data Application / Visualization Award: GEOSIGNAL™
         MEASUREMENT SERVICE - a New Visual Parameter, Halliburton, Sperry
         Drilling Services
     4.  Best Drilling Technology Award: New Directional Casing while
         Drilling Technique, Schlumberger and Tesco Corp
     5.  Best Exploration Technology Award: Coil Shooting Seismic
         Technique, WesternGeco
     6.  Best Fluids Award: OmegaFrac(SM) Fracturing Service, Halliburton
     7.  Health Safety Environment / Sustainable Development Award:  David
         Burnett, Texas A&M, GPRI Department of Petroleum Engineering
     8.  Innovative Thinkers Award: Shell Deepwater Team, Shell
         International Exploration and Production
     9.  New Horizons Idea Award: Resbots, Saudi Aramco EXPEC Advanced
         Research Center
     10. Next Generation Award: Frank B. Springett, National Oilwell Varco
     11. Best Outreach Program Award: Erin Thomson (Educational Advocacy
         (EA) Program), American Petroleum Institute
     12. Best Production Technology Award: MICRO-CURE Cased-Hole
         Remediation System, Baker Hughes Drilling Fluids
     13. Best Well Intervention Award: Motorized Cutting Tool (MCT),
         Weatherford International Ltd.

The 2008 World Oil Awards benefited Penn State University and Texas Tech University and Petroleum Economist donated the 2007 World Energy Atlas to these programs as well. This program garnered hundreds of submissions from points around the globe. A third-party Advisory Board, comprised of 14 senior industry executives and academics and The Next Generation Committee, comprised of 20 up-and-coming leaders in the petroleum industry, all of which judged the short list of nominees.

The 2008 World Oil Awards were generously sponsored by Halliburton, Schlumberger and Weatherford.

About Gulf Publishing Company

Founded in 1916, Gulf Publishing Company produces and distributes leading trade journals, technical books, industry research, databases, software, publications, conferences and events designed for the needs of the energy industry. Gulf Publishing Company's flagship magazines, World Oil and Hydrocarbon Processing, are published monthly. In addition to the World Oil Awards, the Company also hosts the Women's Global Leadership Conference each year as well as other dedicated technical and marketing conferences. Gulf Publishing Company is headquartered in Houston, Texas, and has distribution throughout the globe. For more information, visit www.GulfPub.com. Additional information on the World Oil Awards program can be found at Awards.Worldoil.com.

Contact Information

  • Press Contact:
    Hadley McClellan
    Events Manager
    Gulf Publishing Company
    Phone: 713.520.4475
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