1. Standards Governance Update 2010 E&P Winter Standards Meeting January 29, 2010 New Orleans, LA

2. API Governance Reorganization API BOD now has five reporting committees: Upstream & Marine Downstream & Pipeline Political Affairs Finance General Membership Resources Committees include Special Programs

3. API Internal Structure API now has eight groups: Research & Analysis Government Affairs Office of General Counsel Upstream & Marine Downstream & Pipeline Communications Administration & Finance General Membership

4. API Standards API Standards Department now part of Research & Analysis Group: “The standards-setting and certification programs are about industry and what it represents. When you take those standards and how they are implemented through the industry, that in itself is advocacy at multiple levels.” - J. Gerard, API President & CEO, December, 2009, Oil & Gas Journal

5. Committee on Special Programs API Committee on Special Programs is responsible for fiduciary oversight of API’s non-dues activities: Standards, Training & Certification, Meetings & Conferences, Publication Sales, Statistics, and Special Solicitation Programs Committee is comprised of Segment Committee volunteers and standards committee chairs Chair is C. Williams, Shell, ECS immediate past chair

6. Upstream Committee Upstream Committee is responsible for API E&P activities Committee is comprised of most senior upstream API member company representatives Chair is G. Luquette, Chevron Committee has been very supportive of standards Upstream Committee met January 27, 2010 to review organization changes Several subordinate committees combined, “Executive” moniker discontinued Additional Upstream representatives for CSOEM sought

7. 2010 Budget 2010 Budget Proposal: $240k for contracted experts $235k for research $160k for monogram support $635k total Budget modules to be final February 1, 2010

8. ECS Subcommittee Rotation ECS – R. Torgersen, ExxonMobil, 2008 Offshore Structures, SC2, P. O’Connor, BP 2005 P. O’Connor has agreed to serve an additional partial term Tubular Goods, SC5, J. Powers, ExxonMobil 2007 Valves & Wellhead Equipment, SC6, D. Cole, Shell, 2007 Drilling Structures, SC8. R. Urbanowski, Precision Oilfield Drilling Services, 2008 Well Cements, SC10, D. Stiles, ExxonMobil, 2008 Field Production Equipment, SC11, B. Freeman, Chevron, 2009

9. ECS Subcommittee Rotation Drilling Fluids, SC13, K. Morton, Chevron, 2006 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 Completion Equipment, SC19, J. Yonker, CEC, 2008 Supply Chain Management, SC20, G. Devlin, Cameron, 2005

10. Appendix API Priority Issues

11. Mission Critical Taxes Climate Access and Development Exploration and Production Environmental Oil Sands Fuels

12. API Priority Issues Work/Monitor Safety Water Air International Conservation/Wildlife

13. API Priority Issues Monitor Tort Reform Waste & Remediation Health & Product Stewardship Energy Markets Security Emergency Preparedness and Response Corporation Social Responsibility