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Standards Governance Update Budget Overview SC Chair Rotation

Standards Governance Update Budget Overview SC Chair Rotation. 2010 E&P Summer Standards Conference July 2, 2010 Washington, DC. API CSOEM Governance . CSOEM reports to the Upstream Committee Upstream Committee is one of five BOD level Committees

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Standards Governance Update Budget Overview SC Chair Rotation

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  1. Standards Governance UpdateBudget OverviewSC Chair Rotation 2010 E&P Summer Standards Conference July 2, 2010 Washington, DC

  2. API CSOEM Governance • CSOEM reports to the Upstream Committee • Upstream Committee is one of five BOD level Committees • CSOEM also coordinates with the Global Industry Services Committee, or GISC • GISC is a Resource Committee

  3. API Governance Structure

  4. API Resource Committees

  5. Upstream Committee • Upstream Committee is responsible for API E&P activities • Committee is comprised of most senior upstream API member company representatives • Chair is G. Luquette, Chevron • Committee has been very supportive of standards • Upstream Committee met July 1, 2010 • 1st Action Item was for staff to work with a subgroup to develop a framing document for comprehensive industry safety initiative • 2nd Action Item was for Upstream Committee to consider CSOEM Chair Rotation

  6. Global Industry Services Committee • Global Industry Services Committee (GISC) is responsible for fiduciary oversight of API’s non-dues activities • Committee met in March and approved business plan for two new international offices • API Executive Committee met in June and approved GISC recommendation • Offices will be in Dubai and Singapore and will each have a Standards Representative

  7. 2011 Proposed Budget • 2011 Budget Proposal: • $325k for contracted experts • $340k for research • $177.5k for monogram support • $842.5k total – 32% + over 2010 • Budget is recommended in August and approved in November at API Annual Meeting

  8. ECS Subcommittee Rotation • ECS – R. Torgersen, ExxonMobil, 2008 • Offshore Structures, SC2, P. O’Connor, BP 2005 • P. O’Connor has agreed to serve an additional term • Tubular Goods, SC5, J. Powers, ExxonMobil 2007 • Valves & Wellhead Equipment, SC6, S. Lewis, ExxonMobil, 2010 • Drilling Structures, SC8, R. Urbanowski, Precision Oilfield Drilling Services, 2008 • Well Cements, SC10, D. Stiles, ExxonMobil, 2008 • Field Production Equipment, SC11, B. Freeman, Chevron, 2009

  9. ECS Subcommittee Rotation • Drilling Fluids, SC13, P. Scott, ConocoPhillips, 2010 • Plastic Tubulars, SC15, A. Wilkes, CP Chem/D. Granderson, Fiberglass Systems, 2010 • Drill Through Equipment, SC 16, M. Whitby, Cameron, 2009 • Subsea Equipment, J. Bednar, BP, 2001 • R. Frazier, ATP Oil & Gas, has been appointed Vice Chair January 2010 • Quality, SC18, M. Wright, Shell, 2008 • Completion Equipment, SC19, J. Yonker, CEC, 2008 • Supply Chain Management, SC20, G. Devlin, Cameron, 2005

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