Offshore Executive Conference
November 19, 2015
Houston, Texas
The Westin, Memorial City
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Offshore Executive Conference: Gulf of MexicoThe Westin Houston, Memorial City

OEC Fact Sheet

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Offshore Executive Conference: Gulf of Mexico
Fact Sheet

Adapt to Today, Build for Tomorrow

Whisper it quietly: The Gulf of Mexico remains the long-term 'must have' asset in virtually every major operator's portfolio. Production is still rising with several major deepwater projects recently on- stream and at least six more due to flow this year. Still, technological, operational and economic challenges lie ahead. The industry is responding with new collaborative alliances, partnerships and joint ventures, for greenfield developments as well as for operational efficiency from existing facilities and brownfield production enhancement.

This November, the Offshore Executive Conference: Gulf of Mexico will unite 250+ offshore oil and gas executives in Houston for an in-depth look at how to succeed in the current market and position your company for growth in the coming years. Don't miss this once-a-year chance for a day filled with in-depth industry coverage and exclusive networking opportunities.

Secure your seat to this must-attend event today!

News

NADL Receives Contract Extension For West Elara Jackup
North Atlantic Drilling Ltd. received a firm one-well extension plus one optional well from Statoil Petroleum AS for the jackup West Elara, according to a Jan. 20 press release. The work will begin in direct continuation of West Elara's existing contract with Statoil. The West Elara has worked for Statoil since 2011.

US Drillers Add Most Oil Rigs Since April 2013
U.S. energy companies this week added the most oil rigs in nearly four years, extending an eight-month recovery as drillers take advantage of a deal by OPEC to cut supplies that has boosted prices over $50 a barrel since early December.Drillers added 29 oil rigs in the week to Jan. 20, bringing the total count up to 551, the most since November 2015, energy services firm Baker Hughes Inc. (NYSE: BHI) said on Jan. 20. During the same week a year ago, there were 510 active oil rigs.Since crude prices first topped $50 a barrel in May after recovering from 13-year lows in February, drillers have added a total of 235 oil rigs in 30 of the past 34 weeks, the biggest recovery in rigs since a global oil glut crushed the market over two years starting in mid-2014.