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SOCIETY OF PETROLEUM ENGINEERS ACHIEVES MILESTONE IN MEMBERSHIP

News Release Society of Petroleum Engineers SPE January 14, 2012
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<P align=center><STRONG><EM>SPE surpasses 100,000 members
globally</EM></STRONG></P>
<P><STRONG><EM>Richardson, Texas, USA, (January 12, 2012)</EM></STRONG> &#8211; The
<STRONG>Society of Petroleum Engineers</STRONG> (SPE) announces it has attained
record membership, reaching 104,762 members &nbsp;globally.&nbsp; The society
has doubled in size in just the past 10 years, driving SPE to offer more
programs and services to a truly diverse industry.</P>
<P>&nbsp;Individuals employed in the exploration for and production of oil and
gas make up the largest percentage of the SPE membership at <STRONG>75,395
members</STRONG>.&nbsp; Student members represent the largest growth, at
<STRONG>29,367</STRONG>.&nbsp; The SPE professional membership has grown by an
average of <STRONG>4.7%</STRONG> each year for the past decade. The membership
is extremely diverse, with members in 118 countries.</P>
<P>&#8220;Our membership is growing in nearly every SPE region, including those in
North America, although our greatest growth is outside North America,&#8221; said
<STRONG>Ganesh Thakur</STRONG>, 2012 SPE President and Vice President and Global
Advisor for Reservoir Management for Chevron.&nbsp; &#8220;Many years ago, the SPE
leaders had the foresight to see the expansion of the oil and gas industry
global&shy;ly and adapt our services and reach to ensure the long term success
of the society.&#8221;</P>
<P>&nbsp;With diversity comes the challenge of how to reach and serve all of its
mem&shy;bers. To better extend its member services, SPE now operates offices in
Calgary, Dal&shy;las, Dubai, Houston, London, Kuala Lumpur, and Moscow, and
offers technical con&shy;ferences and workshops in locations across the globe.
The society also publishes a suite of magazines, including the highly regarded
<EM>Journal of Petroleum Technology</EM>; peer-reviewed journals; books for oil
and gas professionals; and textbooks.&nbsp; SPE is also extending its reach to
underserved segments of members, from young professionals with programs
including global workshops and eMentoring<EM>, </EM>to specialty technical areas
such as projects, facilities, and construction, adding a new magazine, <EM>Oil
and Gas Facilities,</EM> this year<EM>.</EM></P>
<P><SPAN face="">&#8220;SPE&#8217;s mission is to </SPAN>collect, disseminate, and exchange
technical knowledge concerning the exploration, development and production of
oil and gas resources, and related technologies for the public benefit; and to
provide opportunities for professionals to enhance their technical and
professional competence,&#8221; Thakur said.&nbsp; &#8220;Achievement of such a level of
membership is a testament to how well we are fulfilling our
mission.&#8221;</P></DIV></BODY></HTML>