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<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>The fourth Energy Club Lecture of the semester is this
evening at </span></font><st1:time Hour="18" Minute="0"><font size=2
face=Arial><span style='font-size:10.0pt;font-family:Arial'>6pm.</span></font></st1:time><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial'> Details are
below. </span></font><o:p></o:p></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'> </span></font><o:p></o:p></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>Cheers,</span></font><o:p></o:p></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'> </span></font><o:p></o:p></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>Kristian Bodek</span></font><o:p></o:p></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>Vice President, <font color=blue><span style='color:blue'><a
href="http://web.mit.edu/mit_energy/">MIT Energy Club</a></span></font></span></font><o:p></o:p></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'> </span></font><o:p></o:p></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'> </span></font><o:p></o:p></p>
<p class=MsoNormal align=center style='text-align:center'><b><font size=2
face=Arial><span style='font-size:10.0pt;font-family:Arial;font-weight:bold'>"Technology
Innovation in Deepwater Oil and Gas Exploration and Development"</span></font></b><o:p></o:p></p>
<p class=MsoNormal align=center style='text-align:center'><i><font size=2
face=Arial><span style='font-size:10.0pt;font-family:Arial;font-style:italic'>Richard
Sears, Vice President, Exploration and Deep Water Technical Evaluation, Royal
Dutch Shell </span></font></i><o:p></o:p></p>
<p class=MsoNormal align=center style='text-align:center'><st1:date Month="11"
Day="1" Year="2006"><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>Wednesday November 1, 2006</span></font></st1:date><span
class=GramE><font size=2 face=Arial><span style='font-size:10.0pt;font-family:
Arial'> </span></font></span><st1:time Hour="18" Minute="0"><span
class=GramE><font size=2 face=Arial><span style='font-size:10.0pt;font-family:
Arial'>6:00</span></font></span><font size=2 face=Arial><span
style='font-size:10.0pt;font-family:Arial'>–7:00pm</span></font></st1:time><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial'><br>
E51-149 (</span></font><st1:place><st1:PlaceName><font size=2 face=Arial><span
style='font-size:10.0pt;font-family:Arial'>Tang</span></font></st1:PlaceName><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial'> </span></font><st1:PlaceType><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial'>Center</span></font></st1:PlaceType></st1:place><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial'>)</span></font><o:p></o:p></p>
<p class=MsoNormal align=center style='text-align:center'><font size=2
face=Arial><span style='font-size:10.0pt;font-family:Arial'> </span></font><o:p></o:p></p>
<p class=MsoNormal align=center style='text-align:center'><b><u><font size=2
face=Arial><span style='font-size:10.0pt;font-family:Arial;font-weight:bold'>Abstract</span></font></u></b><o:p></o:p></p>
<p class=MsoNormal><span class=SpellE><font size=2 face=Arial><span
style='font-size:10.0pt;font-family:Arial'>Deepwaters</span></font></span><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial'> around the
world (>500m water depth) have been the focus of significant exploration and
development activities over the last 20 years. The result has been exploration
discoveries in excess of 80 billion barrels of oil equivalent, with a similar
volume of undiscovered potential. While there are dozens of deepwater
fields currently in production, with many more under development, it is still
an immature environment when you consider the full potential and
lifecycle. This talk will look at the current state of deepwater oil and
gas development, the technologies that enable today's projects, and the areas
where significant new technologies are needed in order to realize the full
potential of the deepwater opportunity. We will also look at quantitative
examples of the ability of technology to create value. <b><span
style='font-weight:bold'> </span></b></span></font><o:p></o:p></p>
<p class=MsoNormal><b><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial;font-weight:bold'> </span></font></b><o:p></o:p></p>
<p class=MsoNormal align=center style='text-align:center'><b><u><font size=2
face=Arial><span style='font-size:10.0pt;font-family:Arial;font-weight:bold'>Biography</span></font></u></b><o:p></o:p></p>
<p class=MsoNormal><a name="OLE_LINK1"><font size=2 face=Arial><span
style='font-size:10.0pt;font-family:Arial'>Richard Sears received degrees in
Physics and Geophysics from Stanford and joined Shell as a geophysicist in
1976. Since that time he has been involved in and has led oil and gas
exploration ventures throughout the lower 48 states and </span></font></a><st1:State><st1:place><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial'>Alaska</span></font></st1:place></st1:State><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial'>.
Sears has also been an instructor at Shell's technical training center,
involved in exploration research, and held the position of Manager of
Exploration Economics for Shell Oil. Formerly, he was Head of Exploration
for Shell </span></font><st1:country-region><st1:place><font size=2 face=Arial><span
style='font-size:10.0pt;font-family:Arial'>UK</span></font></st1:place></st1:country-region><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:Arial'> and most
recently led Shell's global deepwater exploration and subsurface development
activities. Since February of this year Sears has held the title of Vice
President, Academia for Shell and has been a Visiting Scientist at MIT's Laboratory
for Energy and the Environment</span></font><o:p></o:p></p>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'><o:p> </o:p></span></font></p>
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