Mexico and US GoM TECHNOLOGY SOCIETY - MTS …

1 TECHNOLOGYSOCIETYHOUSTON SECTIONMARINEE xecutive Officers ISSUE: 4/2018marine technologySOCIETYO pportunity runs deepTMCHAIR - Teresa (Tere) Sonne, & Gas, Marine and Petrochemical ProjectConsultant: VICE CHAIRS- Brian Bearden Aimee Coates - - Daryl BristerShea Capability and Compliance -Shannon CHAIR - Brian BeardenUpsteam Marketing: PRESENTATION - APRIL 26, 2018 LUNCH PRESENTATION - APRIL 26, 2018 ENERGY DOMINANCE OFFSHOREA View from the Nexus of Politics, Regulation, Operators & TechnologyNEXT EVENT:The Offshore Operators Committee(OOC) has been a focal point forengagement between offshoreoperating companies and regulatorsfor more than 70-years. The OOC hasfiled hundreds of comment letters onproposed and final regulationsaffecting the offshore energy industrywith the goal of increasing safety andefficiency offshore.

2 The OOC has alsoprovided the collaborative space forjoint research and the venue whereindustry's subject-matter experts cancome together to address thechallenges that face our we face massive changes instaff, company consolidations,commodity price pressures andtechnology development. The waythe industry progresses is alsochanging, and collaboration is 's administration of the DeepStarresearch program is an example ofhow this shift continues to Trump Administration has set thestage with Energy Dominance asthe key policy focus over the nextseveral years. The remains theonly country prohibiting offshore oiland gas development off its Atlanticcoast. With only a small portion of ourouter continental shelf open fordevelopment, the is neverthelessone of the largest producers of oil andgas on the planet.

3 So, what wouldfurther development of new OCSregions look like?How will policy changes, newregulations, industry consolidationand new TECHNOLOGY shape the nextten years in the offshore energyindustry? Policy impacts investment,drilling and production, and we needto be well aware of these policy shiftsas we move forward. Insights intocurrent day projections on energyrequirements can highlight theopportunities that new technologyand innovators may capture over thenext decade of offshore :11:30 am - Registration11:45 am - Lunch12:15 pm - Presentation1:00 pm - Meeting concludesLOCATIONP elazzio (Westheimer/West Houston)12121 Westheimer, Houston, 77077 COST:Paid Reservations - Members: $35 Paid Reservations - Nonmembers: $45 Unpaid Reservations & Walk-ins: $50 Full-time students: $15 RESERVATIONS/CANCELLATIONSO nline: : closes: April 24, 5:00 pm Cancellations by April 24, 5.

4 00 pmAbout the SpeakerEvan Zimmerman is currently theExecutive Director of the OffshoreOperators Committee in the US andChief TECHNOLOGY Officer of VryhofGroup has more than two decades ofexperience in offshore relatedengineering, TECHNOLOGY develop-ment and risk management and hasheld senior management positionsin the offshore oil and gas servicesector in the United States, NorthSea and Zimmerman holds a Doctor ofJurisprudence from the South TexasCollege of Law and a Bachelor ofScience in Ocean Engineering fromTexas A&M University. Evan hasreceived numerous patents foroffshore related TECHNOLOGY , servedin key roles in many industry andacademic initiatives, and receivedmany awards for service oraccomplishments including aCorporate Leadership Award fromthe Department of - Richards & Assoc.

5 , sponsorship invoices covering2018 were mailed out in earlyDecember. If you think your logo shouldbe here, but isn t, please We may nothave received your TOURNAMENTS tart making plans now to attend this year s GolfTournament on July 26, at the BlackHorse Golf Clubin Cypress. For those who have not played atBlackHorse, this is a beautiful location dotted withmajestic oaks and pine. Considered to be one ofthe premier public courses in Texas, the facilityoffer a variety of landscapes and tree-areasoffering fun and challenge for even the mostexperienced is a morning event, with Tee-off at 8:00 tournament will be followed by lunch andawards at 12:00 Golf tournament is one of the Section s key fund-raising events andsupports our vibrant scholarship program.

6 A wide range of sponsorships areavailable and range from $2,000 for a gold sponsorship (only one available) to$100 for a hole sponsorship. All sponsors will be recognized at the tournament,on the website and in this Announcement (time permitting). The higher endsponsor opportunities also include team registration, extra publicity and specialrecognition at the event. Thank you for your support!CostThe tournament remains very reasonable priced as follows:Team of four players: $700 Individual players:$175 Mulligans will be sold for $10 each at the tournament or can be pre-purchasedthrough the InformationFor more information please visit the website at contact either Golf Chair Daryl Brister, Shannon Giagnorio at CONFERENCECALL FOR PAPERSThe Dynamic Positioning Committeehas issued a Call for Papers for DP2018.

7 Those interested in submittingan abstract are encouraged to do sothrough the website at besubmitted byApril 27 at thelatest. Thoseselected topresent paperswill be notifiedby early receive complimentaryattendance. In addition allProceedings from the Conference arepublished on the Internet and becomepart of a growing electronic library ofcutting-edge DP knowledge at DP 2018, puts you intouch with the world s leading DPprofessionals in a relaxed, space (10 x 10 booths) areavailable and can be booked on cost is $2500 per booth andincludes two full conference go to to view the currentexhibit floor plan and available MTS HOUSTON LOGO SPONSORSCHAIR S MESSAGETere Sonne - MTS Houston Section ChairRegulation and the domestic oilindustry have long gone hand-in-hand, with the previous Administrationimposing further controls overexploration, particularly offshore.

8 Asthose who attended the OffshoreOutlook Conference in March heard,94% of federal offshore acreage is offlimits to TrumpAdministration is now attempting toreverse many of these to Trump Renewedoffshore energy production willreduce the cost of energy, createcountless good jobs and makeAmerica more secure and moreenergy independent. To this end, theAdministration's draft 2019-2024proposal aims at opening up 90% ofthe OCS to oil and gasexploration and operators will rush to startdeveloping these new reserves, ifindeed they become available, is quiteanother matter. While the economicsof offshore oil and gas developmenthave changed significantly over thelast few years and production costsper barrel have decreased, theindustry is still struggling with deflatedoil prices.

9 According to Jim Wicklund, Credit Suisse, who provided a financial overview at the Outlook Conference, major operators including BP, Exxon, Chevron and Shell, have all announced that they are changing their primary strategic objectives from production growth to growth in financial returns on invested capital. With 70% of deepwater spending concentrated in the hands of ten major oil companies, stricter budgets will continue to impact the offshore industry and may well significantly slow down deepwater drilling and new field development. As Wicklund put it, the financial guys will be overruling the oilmen . They will be insisting on making money rather than just making to say, there are many other factors at play. As we heard at the MTS Houston lunch presentation in February, over the next few years the offshore industry will be moving towards leaner, technological- and data-driven operations, as digitization takes hold.

10 This may further bring down the cost of deepwater development to a much more investment-attractive will the oil and gas industry evenreturn to where it was before thecurrent downturn? There seems noquestion that the global demand forenergy will continue to increase andthe demand for oil will eventuallyoutstrip supply. But oil will almostcertainly continue to be the world'sdominant energy source for theforeseeable future, while coal willcontinue to decline in , all the major operators arenow including the development ofrenewal fuels as part of their long termstrategies. This is a major change froma couple of decades ago whenrenewal fuels were considered only atiny slice of the energy mix. Nowoperators are investing in a wide rangeof renewal options, including offshorewind turbines, tidal power, offshoresolar development, and variousmethods for harnessing wave , in a decade or so, thesegway from deepwater oil and gasexploration to generating renewalfuels may not be such a quantum leapfor an industry well-versed in thetechnology and challenges of theoffshore now the focus is on energydominance, which is the topic of ourApril lunch COUNCILBBQ Chair:-Melissa WoodTDI-Brooks Intl.