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Weatherford Wins "The Best Data Management Solution Award" for LOWIS Life-of-the-Well Information System at the 2006 World Oil Awards

Houston October 20, 2006

World Oil® magazine announced the eleven winners of the fifth annual World Oil Awards at a black-tie gala dinner last night in Houston, Texas. The winner of “The Best Data Management Solution Award” was Weatherford for their LOWIS Life-of-the-Well Information System. The dinner, attended by close to 350 industry leaders, also benefited three universities that offer programs leading to careers in the petroleum industry.

Weatherford created the Life-of-the-well Information system (LOWIS) to reduce well service time, drive down costs, and evaluate and manage failures in light of historical data. Collaborating with Chevron and Occidental Petroleum, Weatherford created software that includes everything from well surveillance, failure analysis, and work-plan services to scorecard reporting. Weatherford accepted this award from Rusty Meador, President and CEO of Gulf Publishing Company.

The complete list of winners at the 2006 World Oil Awards is:

  1. The Innovative Thinkers Award: Medhat Mickael, PhD, Weatherford
  2. The Health, Safety, Environment/Sustainable Development Award: The Bioko Island Malaria Control Project, Marathon Oil Corporation
  3. Best Exploration Technology Award: Reverse Time Migration, GX Technology
  4. Best Data Visualization Solution Award: Petrel, Schlumberger
  5. Best Drilling Technology Award: PeriScope 15, Schlumberger
  6. Best Completion Technology Award: Z-Seal Metal-to-Metal Technology, Baker Oil Tools
  7. Best Production Technology Award: Inject steam and/or flue gas to boost oil output and sequester CO2, China National Petroleum Corporation
  8. Best Fluids Award: FAZEPRO, M-I SWACO
  9. Best Data Management Solution Award: LOWIS Life-of-the-Well Information System, Weatherford
  10. Best Outreach Program Award: Greater Houston Energy Education Collaborative (G.H.E.E.C.)
  11. The New Horizons Idea Award: The IntelliServ Network, IntelliServ (A Grant Prideco Company)

The 2006 World Oil Awards benefited The Australian School of Petroleum at the University of Adelaide, The Department of Geology, Geography and Environmental Sciences at the University of Stellenbosch and The Department of Chemical and Petroleum Engineering at the University of Wyoming. This program garnered hundreds of submissions from points around the globe. A third-party Advisory Board, comprised of 22 senior industry executives and academics and The Next Generation Committee, comprised of up-and-coming leaders in the petroleum industry who are recent graduates, judged the short list of nominees.

The 2006 World Oil Awards were generously sponsored by Halliburton, Hewlett-Packard, Schlumberger and Weatherford

World Oil magazine, the leading oil and gas trade journal for the exploration, drilling and production sector, has a worldwide circulation of 35,000 readers. Gulf Publishing Company has published World Oil for 90 years.  Additional information on the World Oil Awards program can be found at www.awards.worldoil.com or by contacting Becky Eckerman at +1(713) 520-4475.

World Oil Press Contact:
Jeanna Kozelsky
Marketing Manager
+1(713) 520-4402
eMail: .

About eProduction Solutions, Inc.

Founded in 2001, eProduction Solutions, Inc., a Weatherford company, is the world's leading production-operations automation and optimization company. The company provides solutions that help lower costs and increase production by delivering advanced products and services that foster innovative approaches to optimizing production. eP helps customers leverage technology to work better, faster, and smarter.

About Weatherford

Weatherford (www.weatherford.com) is one of the largest global providers of innovative technical solutions, technology, and services for the drilling and production sectors of the oil and gas industry. Weatherford operates in 108 countries and employs approximately 17,000 people worldwide.

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Karl Sakocius, 834-201-4200,

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