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OTC Brasil Attendance Exceeds Expectations in Inaugural Event

News Release Offshore Technology Conference October 7, 2011
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<P><EM>Rio de Janeiro, Brazil (6 October 2011) </EM>-- Attendance at the 2011
OTC Brasil conference surpassed 10,000 attendees exceeding organizers
expectations with more than 400 companies from 23 countries represented in the
exhibition.</P>
<P>This inaugural Brazilian event, held 3-6 October in Rio de Janeiro, was
organized by the Offshore Technology Conference. The conference welcomed three
new supporting organizations, Associa&#231;&#227;o Brasileira de Engenharia Qu&#237;mica,
Associa&#231;&#227;o Brasileira de Ge&#243;logos de Petr&#243;leo, and Sociedade Brasileira de
Geof&#237;sicos. It also gained the support of Rio Negocios, the Rio Business Agency,
and attracted speakers from Brazil&#8217;s Agencia Nacional do Petroleo (ANP), office
of Foreign Trade of the Ministry of Development, Industry and Foreign Trade
(MDIC), and the US Commerce Department.&nbsp;</P>
<P>Two exhibit halls held 11,500 net sq meters of exhibits showcasing the latest
in technology from the global offshore E&amp;P community. Ninety Brazilian
companies exhibited showing the support and interest from the region.</P>
<P>&#8220;We were extremely pleased with the turnout and success of the conference.
The time was right to bring OTC to Brazil. The region is rapidly gearing up to
be one of the world&#8217;s largest offshore producers, and gathering the most
influential associations and players in the industry will be a catalyst in
developing the Brazilian offshore resources,&#8221; said Ricardo Juiniti, OTC Brasil
2011 Program Committee co-chairman with OGX.</P>
<P>The event offered a strong technical program with emphasis on safety, the
challenges of the pre-salt, and development of the country&#8217;s wealth of offshore
assets. There were several sessions that focused on developing both
technological and human resources. More than 100 young professionals attended a
panel discussion Wednesday about career development. The conference discussions
continued on Thursday with a session with service providers on how to supply
technology to meet the region&#8217;s needs.</P>
<P>Plans for the second edition of OTC Brasil are already underway.&nbsp; The
conference will take place 8-10 October 2013, in Rio de Janeiro.</P>
<P align=center>###</P>
<P><STRONG>ABOUT OTC </STRONG></P>
<P>The Offshore Technology Conference is the world's foremost event for the
development of offshore resources in the fields of drilling, exploration,
production and environmental protection. OTC is held annually at Reliant Park in
Houston. For more information, visit <A
href="redir.aspx?C=ca8c2e4abc2341ffa049e7b0a8cef1f3&amp;URL=http%3a%2f%2fwww.otcnet.org"
target=_blank>www.otcnet.org</A>.</P>
<P><STRONG>ABOUT OTC BRASIL </STRONG></P>
<P>OTC Brasil is a new event sponsored by the Offshore Technology Conference,
and is OTC&#8217;s first event held outside of Houston. OTC Brasil will be held
biennially beginning in 2011. This conference will provide a technical program
and exhibition that addresses the latest in technical advances, challenges and
opportunities for the deep and ultra deepwater offshore sector in Brazil and
other international regions. OTC Brasil will offer a unique Brazilian flair,
providing networking opportunities as well as offering Brazilian cultural events
and contributions to social programs in Brazil. For more information, visit <A
href="redir.aspx?C=ca8c2e4abc2341ffa049e7b0a8cef1f3&amp;URL=http%3a%2f%2fwww.otcbrasil.org"
target=_blank>www.otcbrasil.org</A>.</P></DIV></BODY></HTML>