1. Energy Inc. E&P Division Adding to the Bottom Line: The Use of IT for E&P Companies

2. E&P Management Team  Tracy Cui - Procurement  Michael Escriva - Reservoir Management  Steven Gilbert & Leonardo Perez - International Operations  Kyle Leinen - Shared Services  Alicia Picchiani - Seismic Services  Carol Seepersad - Drilling  Daniel Ho

3. Seismic Applications  3D & 4D Seismic  Data Transfer  On-site processing  Data storage  Telecommunication s  System Integration

4. Benefits  Risk Reduction  Faster Processing  Real Time Feedback  Inter-departmental Data Sharing  Better Fulfillment of Customer Needs  Lower Exploration Overhead

5. Drilling Services  Landmark  Integrated exploration, drilling & production information systems  Collection of Drilling Data  Database management of information collected during drilling  Data Mining  Analysis of data to find and interpret patterns

6. Benefits  Increased Productivity  Enhanced Teamwork  Improved Flexibility  Cost Reductions ($12 million)  Better Understanding of Drilling Problems  Knowledge Management for Added Value

7. Reservoir Management  Real-time Down-hole Measurement & Data Collection  Data Acquisition, Management & Transfer  Data Analysis & Reservoir Evaluation  Deep-water Drilling and Reservoir Management

8. Benefits  Higher Percentage of Reservoir Exploitation  Real-time Monitoring of Reservoir Behavior  Exploitation of Inaccessible Deep- water Reserves  Continued Production

9. Procurement  EDI - Transmission of Standardized Procurement and Product Information  Use of Internet Communications  Data Sharing  Internet B2B Applications

10. Benefits  Increased Efficiency  Pooling of Resources Among Energy Companies  Cost Cutting in Procurement Contracts  Reduction of Order Processing and Dispatch Timing  Potential Access to Larger Number of Suppliers and/or Customers

11. Shared Services  Acquisition & Transfer of Well Production Data for Production Accounting  Cost and Revenue Allocation  Electronic Data Transfer  SAP  Human Resources Management

12. Benefits  Data Collection & Sharing  Reduced Personnel Costs  Integration of Accounting Systems Amongst Divisions  Federal and State Compliance  Increased Productivity

13. International Considerations  Availability of Qualified IT Personnel World-wide  Security of Intellectual Property  Foreign Government View of Data Encryption  Hardware Installation & System Integration in Different Areas of World  Political Risk

14. Conclusions  Increased Productivity and Risk Reductions Easily Evaluated in Operations Side of Business  Harder to Evaluate in Front Office  Difficulty in Attributing Concrete Financial Savings to Benefits  Lack of Managerial Understanding of Impact of IT