 doesn’t seem like much, but in the industry, that’s light years. So what I have suggested repeatedly is that the next wave of profitability for American companies, and I’m talking about smaller companies. I’m not just talking about the Haliburtons and the ___and the giants of the world. But next real opportunity for smaller American companies is abroad and it’s moving its technology and its expertise and its experience abroad.

Because what you don’t have in foreign fields is coordination, as you have mentioned. And it’s not simply coordination between and among the supply providers. It’s an ability to provide an efficient overall pad structure and pad organization. Now that takes years to develop and throughout much of the world, this was done by either a national company, or a consortium of state controlled entities and that merely increases the inefficiency. What the rest of the world doesn’t want is a Halliburton coming in and essentially controlling their domestic field. What they don’t have, however yet, is the development of their own domestic equivalent. They have set up much larger holding companies of oil field services for example. But that hasn’t translated this to any increased efficiency. It doesn’t normally help for you to bring together a whole bunch of outmoded equipment and provide it as one centralized location if that equipment doesn’t do the job. So the next stage actually, is being able to inject into international product and international projects the kind of almost seamless efficiencies we have developed in North America and that, I think is a real opportunity for North American companies.

Frank Curzio: Last topic here, can you talk a little bit about the offshore industry? Barkley’s predicts energy companies are going to spend $640 billion this year to find oil, $640 billion this year alone and in conference calls I listen to which includes most of the majors, seem to be making a massive push into offshore. Are you hearing the same thing out there?

Dr. Kent Moors: Oh sure, and there is a basic reason for it. If we move back to the conventional side here to the normal kind of oil and gas that were used too. There are multiple surveys that the vast majority of as yet, undiscovered large oil and gas fields, are located off shore and most of these are actually in deep water.

It is far more expensive to drill out there. The infrastructure is more complicated. But you tend to have a larger
does n’t seem like much, but in the industry, that ’s light years. therefore what I have suggest repeatedly is that the next wave of profitability for American companies, and I ’m talk about smaller companies. I ’m not merely talking about the Haliburtons and the _ _ _ and the giants of the universe. But next real opportunity for little American companies is abroad and it ’s moving its technology and its expertise and its experience abroad. 

 Because what you do n’t have in alien fields is coordination, as you have mentioned. And it ’s not simply coordination between and among the provision providers. It ’s an ability to provide an effective overall pad social organization and pad organization. Now that takes years to develop and throughout much of the populace, this was done by either a national company, or a consortium of state controlled entities and that merely increases the inefficiency. What the rest of the world does n’t want is a Halliburton coming in and essentially controlling their domestic field. What they do n’t have, however yet, is the development of their own domestic equivalent. They have set up a lot bigger holding ship's company of petroleum field services for example. But that has n’t translate this to any increased efficiency. It does n’t normally help for you to bring together a solid bunch of outmoded equipment and provide it as one centralized location if that equipment does n’t do the job. then the next stage actually, is being able to inject into international merchandise and international undertaking the kind of almost seamless efficiencies we have developed in North America and that, I think is a real opportunity for North American party. 

 Frank Curzio: Last topic here, can you talk a short bit about the offshore industry? Barkley ’s predicts energy company are going to spend $ 640 billion this year to find oil, $ 640 billion this year entirely and in conference calls I listen to which includes most of the major, seem to be making a massive push button into offshore. Are you hearing the like thing out there? 

 Dr. Kent Moors: Oh sure, and there is a basic cause for it. If we move back to the conventional side here to the normal kind of oil and gas that were use too. There are multiple survey that the vast majority of as yet, undiscovered large oil and gas airfield, are located off shore and most of these are actually in deep water. 

 It is far more expensive to drill out there. The infrastructure is more complicated. But you tend to have a bigger
 dofsn’t seem like much, but ln the industry, jhqt’s lijht yeads. So whxt I have suggested repeatedpy is tyat the next wave of pfofitabilpty for Aneriran companies, anv I’m talking aglut vnaller companigs. I’m not juvt talking abogt tke Haliburtons and the ___and the giantf of thr aorld. But next reak oppkgtmnity for smaller American compahies is abroad and iy’s moving its technology ajd ihs expertise and ihs experienxe afeoad.

Because dhat you don’t have in roreign fields is coordination, xs yob have mentuobed. Dnd it’s not simpjy coordinatlpn betfeen anc among the suiply 'rovuders. It’s an ability vo provide an efficignt overaln 'ad structure and pad oeganieatiot. Nod thxt uakxs gears ho vevelop and throughout much of the world, uhif was done by sither a national company, or a consortium of stdte controlled entities ane that merely increasgs the inesficiency. What the rest of the world doesn’t want hs a Iauliymvton xoling in and essentially controlling their domqatoc field. What thcy don’t have, howevrr yrj, is the develupment of their own domestif equivwlent. They havt set up much larger holding companies of oij field services fox example. Buc that hasn’y translated this to anv incrsased efficlency. It suesn’t normally hdlp fmr you to bring together a whole buich oy outmoddd eauipmegt and progide ld as one centralizfd loeatiot if that fquipment doesn’t do the job. So vie next stage awtudlly, is yeing sble to injece into internajional prjduct and interhationan projects ehe kind of anlost seamlesv efficiqnciws ww have adveloped in Notth Ameriba and that, I think is a rexm opportunity fir Borth American vomoanyed.

Fcank Sgrzio: Last tmpic hefr, can you talk a uittke bit about the offvhors industry? Barkley’x iredicts gnergy coipanies are gping to spend $640 bilpion vhis yxar to figd oil, $640 billion this year alons and in fonnerence calls I llsteg to which includes most of the majors, seem to be making a massive push into offshore. Crt you hearing the fame thinc out there?

Dr. Kent Miors: Oh sure, and uhere is a basic reason for id. If ae move back to the conventional side here to the normal kind of oil and tas thet were used foo. Yhere axe kultipje snrteys that the vasn majority of as yet, undiscoverev large oin cnd gas fields, are located ofg rhore and mosj of these are actually in deep wayer.

It is far more expensive to crill out there. The infrsstructuee is more bkm'licated. But you tenc to hcve a oarger
doesn’t seem like much, but in the light So what have suggested repeatedly of for American companies, I’m talking about companies. I’m not just talking about Haliburtons and the ___and the giants of the world. But next real opportunity smaller American companies is abroad and it’s moving its technology and its expertise its abroad. what don’t have in foreign fields is coordination, as you have mentioned. And it’s not simply coordination and among the supply providers. It’s an ability provide an efficient overall structure and pad organization. Now takes to develop throughout of world, this was by either a national company, or a consortium of state controlled entities and that merely increases the What the the world want a coming in and their domestic field. What they don’t is the development of their own domestic equivalent. have set much larger holding companies of oil services for example. But that hasn’t translated this any increased efficiency. It doesn’t normally help for you to bring together a whole bunch equipment and provide it one centralized location that doesn’t the So the stage actually, is being able to inject into international product and projects the kind of almost seamless efficiencies we have developed America that, I think a real opportunity for American Frank Curzio: Last topic you a the industry? predicts energy companies are to spend $640 billion this to find oil, $640 in conference calls I listen to which includes of the majors, seem to be making massive push into offshore. Are you hearing the same thing out there? Kent Moors: and there is a basic reason for it. we move back to conventional side here to the normal kind of oil gas were used There are multiple that the vast of as yet, oil and fields, located most of these are actually in water. is far more expensive to out infrastructure is more complicated. But you tend to have a larger
 doesn’t seem like much, but in thE industry, tHat’s lIghT yeArS. So wHat I Have suggested rEPeatEdly is that the next wave oF profItABiliTY fOr AmeRican coMPaNIEs, aNd i’m TalKiNG aBout sMalLer compAnies. I’m not JusT tAlking about tHE HAliburtons And The ___and the giaNts Of the wOrLd. BUT next ReaL oppoRtunitY For smaLler AmeriCaN CompanIEs is abrOAD aNd it’S moving its technolOGy ANd its expertise And its ExPErIENce AbrOad.

Because WhAt you DOn’t have IN fOREIgn FIelds is coordiNation, as you HAve MentioNeD. AnD It’s not SimplY cOOrdInation betwEen aNd among thE supplY ProvideRS. It’s an aBility To pRovIde aN EfFiCieNt OVerALl Pad STruCture and PaD oRganiZatiON. nOW thaT taKes yEars tO develop and thRouGhouT MucH of thE worlD, thiS wAs donE by eitHer a nAtIonal company, or a ConsOrtium of sTatE cOntRoLled eNTities And ThaT merely IncreasES thE iNEFFiCiency. What the rest oF tHE WoRld doesn’T want iS A HAlLIburton cOmIng In anD ESsentIallY CoNtrollinG their DOmEsTic fielD. WHat theY dOn’t HavE, howeVEr yeT, is the DevelopmEnt of THeir own domestiC Equivalent. TheY HaVE SeT Up muCh lArger holdinG comPAnieS of oIL fIelD ServiCes foR eXAmPLe. But that hasn’t transLaTed thiS to anY increased effIciency. It dOESN’t normalLy heLP fOR you to bring togEther A whole buncH Of outmodEd equIpment anD provide iT AS one centRalIzeD loCatION iF that equipmenT DOesn’T dO the job. so tHe next sTagE acTuaLly, Is Being able To inject InTo InTeRnaTionaL Product aNd IntErNatIonal PRojectS the kInd oF aLmOSt sEamless EFfICIencIeS wE havE deVeLoped In NoRTh AMerica aNd that, I thInk IS a reAl OpPortuniTy for North AmeRiCan companiEs.

fraNk CurzIO: last topiC here, can you talk a little bIT about tHe oFfshoRe inDustry? BarKleY’s predIctS Energy CompanIes arE gOinG TO spenD $640 BIlLioN tHis year to fIND oiL, $640 billIoN thiS year alOne and in conference CAllS I listen to whiCh iNcluDES mOst OF tHE maJoRS, seEM To be making a massIve push intO oFFsHore. Are you HEarInG the samE thing oUt theRE?

Dr. Kent moors: Oh suRe, and therE iS a baSIC reAson for it. IF we move bAck to the cONventIOnAl sidE heRe to thE nOrmAl kinD of oil ANd gAs thaT were uSeD too. ThEre arE mUltiple sUrveys that the vast majoriTy of as Yet, unDisCovered laRge OIl aNd gas fielDs, arE located ofF shOre And moSt oF These Are aCTuAllY In deeP watER.

It is far mORe ExpENSiVe to drill ouT THEre. the inFraSTructuRe is More complicated. BuT You tend to have a LargER
 doesn’t seem like much, b ut in theindus try , t ha t’sligh t years. So wh a t Ihave suggested repeate dly i st hatt he  next  wave o f  p r o fit ab il ity  f o rAmeri can  compan ies, and I ’mta lking abouts ma ller compa nie s. I’m not j ust  talki ng  ab o ut th e H alibu rtonsa nd the  ___and t he giants of thew o rl d. B ut next real oppo r tu n ity for smalle r Amer ic a nc o mpa nie s is abroa dand i t ’s movi n gi t s  te c hnology and i ts expertis e  an d itsex per i ence a broad .Bec ause what y ou d on’t have  in fo r eign fi e lds iscoordi nat ion , as yo uhav em ent i on ed. And  it’s no tsi mplycoor d i n a tion  be twee n and  among the su ppl y pr o vid ers.It’san a bi lityto pro videan  efficient over allpad struc tur eand  p ad or g anizat ion . N ow that  takesy ear st o de velop and througho ut m uc h of the  world ,  t hi s  was don ebyeith e r  a na tion a lcompany,  or ac on so rtium o fstateco ntr oll ed en t itie s andthat mer ely i n creases the in e fficiency. Wh a tt h er estofthe world d oesn ’ t wa nt i s  a  Ha l libur ton c om i ng in and essentiallyco ntroll ing t heir domestic  field. Wh a t they don ’t h a ve ,  however yet,is th e developm e nt of th eir o wn domes tic equiv a l ent. The y h ave  se t u p mu ch larger hol d i ng c om paniesofoil fie ldser vic esfo r example . But th at  h as n’ t t ransl a ted this  t o a ny  in creas e d effi cienc y. I tdo e sn’ t norma l ly h elpfo ryoutobr ing t oget h era whole  bunch of  ou t mode deq uipment  and provideit  as one ce nt ral ized l o c ation if  that equipment doesn’t do thejob . Sothenext stag e a ctuall y,i s bein g able  to i nj ect i nto i n t er nat io nal produc t and  inte rn atio nal pro jects the kind ofa lmo st seamless e ffi cien c i es  we ha v e d ev e lop e d  in North Ameri ca and tha t, Ithink is a rea lopportu nity fo r Nor t h Ameri can compa nies.

Fr an k Cu r z io:  Last topi c here,can you t a lk al it tle b itaboutth e o ffsho re ind u str y? Ba rkley’ spredic ts en er gy compa nies are going to spend  $640billi onthis year  to fin d oil, $6 40 b illion thi s y ear  alon e a n d inconf e re nce calls  I l i sten to w h ic h i n c lu des most of t h e m ajors , s e em tobe m aking a massive p u sh into offsho re.A r e y ouh eari ng  the same thin g o ut t here?

D r.  Kent Moors : Oh sur e, and t here i s a ba sic rea s o nf or it.  Ifwemove back  to  t h e conve nt io n al sid e he re  to th e norm a l ki n d  of oil and gasthatw e re us e d t oo. T he re arem ulti ple survey s that thevast m ajor ity o f as ye t,  undis cov er ed large o i l and gas  fiel ds, are  l ocat edoff sh orea n d mos t of  t hes e are act u a ll y  i nd eep  wat er.
It  isfar moree xpensive  to drill o ut  th e r e. The in f r astructure  is  more c omplicated .  But yo u  tend  to ha ve a l arger
 doesn’t_seem like_much, but in the_industry, that’s_light_years. So_what_I have suggested_repeatedly is that_the next wave of_profitability for American_companies,_and I’m talking about smaller companies. I’m not just talking about the Haliburtons and_the____and the_giants_of_the world. But next real_opportunity for smaller American companies_is abroad_and it’s moving its technology and its expertise_and_its experience abroad.

Because_what you don’t have in foreign fields is coordination,_as you have mentioned. And it’s_not simply coordination_between_and_among the supply providers._It’s an ability to provide an_efficient overall pad structure and pad_organization. Now that takes years to develop_and throughout much of the world,_this was done by either_a national_company, or a consortium of_state controlled entities_and that_merely increases the_inefficiency. What the rest of the_world doesn’t want_is a Halliburton coming in and_essentially_controlling their domestic_field._What_they don’t_have, however yet,_is_the development_of_their own domestic equivalent. They have_set_up much larger holding companies of oil_field services for example._But_that hasn’t translated this_to any increased efficiency. It_doesn’t normally help for you to_bring together_a whole_bunch of outmoded equipment and provide it as one centralized location_if that equipment doesn’t do the_job. So the next_stage actually,_is_being able to_inject_into international_product and international projects the kind of_almost seamless_efficiencies we have developed in North_America and that, I_think_is a real opportunity for North_American companies.

Frank Curzio: Last topic here,_can you talk a little_bit_about_the offshore industry? Barkley’s predicts_energy companies are going to spend_$640 billion this_year to find oil, $640 billion this_year_alone and in conference calls I_listen_to which includes most of the_majors,_seem_to be making a massive_push into offshore. Are you hearing_the same thing out there?

Dr. Kent Moors: Oh sure,_and there is_a basic reason for it._If_we_move back to the conventional side here to the normal_kind of_oil and gas_that were used too. There are multiple surveys that the_vast majority of as yet, undiscovered large_oil and gas fields, are located off shore and most of_these are actually in deep water.

It is far_more expensive to drill out there. The_infrastructure is more complicated._But_you tend to have a larger