Standards Governance Update Budget Overview SC Chair Rotation 2011 E&P Summer Standards Conference July 1, 2011 San Francisco, CA 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 API Governance Structure API Board of Directors Political Affairs Committee General Membership Committee Executive Committee Climate Change Steering Committee Finance Committee Upstream Committee Downstream Committee Marine Subcommittee Pipeline Subcommittee API Resource Committees Federal Relations Committee State Relations Committee Tax Committee Communications Committee Law Committee Economics and Statistics Committee Information Management and Technology Committee Health and Environment Committee Corporate Finance Committee Global Industry Services Committee Upstream Committee Upstream Committee is responsible for API E&P activities • Committee is comprised of most senior upstream API member company representatives • Chair is D. Hrap, ConocoPhillips • Committee has been very supportive of standards • Upstream Committee met May 18, 2011 • Primary issues were on Center for Offshore Safety and HF • Both issues have strong standards linkage API Executive Committee API GIS Committee API Upstream Committee Center for Offshore Safety Governing Board External Advisory Group Up to 17 members • Chairman (API-member company rep) • Producing/Operating companies (6 max) • Drilling Contractor companies (3 max) • Service & Supply companies (3 max) • Industry Association representatives (3 max) • COS Executive Director • Government entities • Academia reps • Others as appropriate Center for Offshore Safety • Executive Director • Technical Support and Administrative Staff • 3rd party auditor certification program • API Global Industry Services operations Independent 3rd Party Auditors 7 Global Industry Services Committee Global Industry Services Committee (GISC) is responsible for fiduciary oversight of API’s nondues activities • Committee is comprised of Segment volunteers and CSOEM, CRE and COPM Chairs • Committee met in June and reviewed international offices, COS, and the refinery process safety initiative 2011 Budget 2011 Approved Budget: • $325k for contracted experts • $340k for research • $177.5k for monogram support • $842.5k total: + 32% over 2010 2012 Proposed Budget 2012 Budget Proposal: • $530k for contracted experts • $265k for research • $65k for Measurement support • $313k for monogram support • $1,173,000k total: + 39% over 2011 CSOEM Subcommittee Rotation • CSOEM – R. Torgersen, ExxonMobil, 2008 • J. Raney, Anadarko, 2011 • Offshore Structures, SC2, P. O’Connor, BP 2005 • P. O’Connor has agreed to serve an additional term, W. Turner, XOM will become chair at end of 2011 • 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 • S. Saville, Ametek Chandler Eng., 2011 CSOEM Subcommittee Rotation • Field Production Equipment, SC11, B. Freeman, Chevron, 2009 • 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 • S. Hagen, 2011 for 2 years, T. Mitchell, HESS, V Chair • Completion Equipment, SC19, J. Yonker, CEC, 2008 • A. Freeman, 2011 • Supply Chain Management, SC20, E. Wehner, 2011