Bagi yang terlibat dengan well preparation... New technology is here...

Herman
___________
SHELL AND ENVENTURE SUCCESSFULLY APPLY
GROUNDBREAKING WELL DESIGN TECHNOLOGY

--First MonoDiameter� Installation:  Game-Changing Technology to Reduce  
Costs, Open Previously Uneconomic Fields, Rejuvenate Mature Reservoirs  
and Enhance Drilling and Completion Effectiveness--

HOUSTON (September 17, 2002)-- Shell announced today the successful  
completion of the world's first application of MonoDiameter technology  
at one of its well locations in South Texas.  The well utilizing this  
breakthrough technology was spud on May 18 in Starr County, Texas.  A  
collaborative effort between Shell Exploration & Production Company  
(SEPCo), Shell International Exploration & Production bv (SIEP) and  
Enventure Global Technology, the well is a flowing gas producer that  
was drilled and completed with a perfect safety record.

This new technology eliminates the telescoping effect in current well  
design, allowing operators to slim down the top of the well while  
increasing the well diameter at total depth, creating the "Big Straw"  
system through which to flow hydrocarbons from subsurface reservoirs.   
Should unexpected problems arise during the drilling of a well, this  
process provides the operator with a much greater capability of  
reaching its targeted reservoir with a casing size that will enable  
reservoirs to produce at their full potential.

        "This is another milestone in Shell's history of developing cutting  
edge technology in the oil and gas industry.  It is a major step in a  
journey that should culminate for SEPCo in the application of this well  
design in the deepwater Gulf of Mexico next year.  We expect this  
revolutionary process to do for well design what 3-D seismic did for  
geologic exploration and hydrocarbon development, " said SEPCo  
President and CEO, Raoul Restucci.

John Darley, director of Shell Technology Exploration and Production,  
added, "Because of the vision and focus of the teams that collaborated  
on this project, we were able to shorten the implementation cycle time  
five years ahead of schedule--from 2007 to today.  This technology  
allows the industry to drill deeper than ever before and reach  
previously unattainable geological objectives, while decreasing waste  
products and reducing the surface footprint.  Additionally, we expect  
to cut costs and increase production rates."

"We fully expect the technology to be ready to take offshore by the 4th  
Quarter of 2003," said Lance Cook, president and CEO of Enventure  
Global Technology.  "Backed by two parents like Halliburton and Shell,  
the success of Enventure and MonoDiameter technology is virtually  
guaranteed for the industry as a whole."

MonoDiameter well design uses Solid Expandable Tubular (SET�)  
technology to create one continuous internal diameter from surface to  
total depth.  SET is made of standard tubular steel that is subjected  
to a special process to increase the ductility, reduce defect  
sensitivity and increase fracture toughness.  This proprietary process  
allows the steel pipe to be permanently deformed in the well bore,  
analogous to performing the final manufacturing process of the tubular  
downhole.

Shell Exploration & Production Company, a wholly owned subsidiary of  
Shell Oil Company, is engaged in exploring, developing and producing  
oil and natural gas in the U.S., with principal operations in the Gulf  
of Mexico, Michigan, Rocky Mountains and South Texas.

Shell International Exploration and Production Inc., is also a wholly  
owned subsidiary of Shell Oil Company.  With its sister company SIEP  
BV, SIEP entities have operations at five locations in The Netherlands  
and the USA, where activities focus on research, development and  
application of key technologies for the Royal Dutch/Shell Group  
exploration and production businesses globally.

Enventure Global Technology is a 50-50 joint venture of Halliburton  
Energy Services and Shell Technology Ventures Inc.  As of September 5,  
2002, Enventure has performed 81 installations of SET for 27 Operating  
Companies in seven countries.

###
Media Contacts - U.S.

Shell Exploration & Production Company:
Fred Palmer
281-544-5082
[EMAIL PROTECTED]

Shell International Exploration & Production Inc.:
Susan McCaleb
713-245-7816
[EMAIL PROTECTED]

Enventure Global Technology:
Pat McAdam
281-492-5033
[EMAIL PROTECTED]

                        
                









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Indonesian Association of Geologists [IAGI] - 31st Annual Convention
September 30 - October2, 2002 - Shangri La Hotel, SURABAYA

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