Teledyne Oil & Gas Hosts 8th Annual Focus On Technology Event

Teledyne Oil & Gas, a market focused entity of Teledyne Marine, hosted a Focus on Technology Event in Houston, Texas today. The annual event, in its 8 th year, concentrated on the emerging technical challenges found in Topside and Subsea Oil & Gas exploration and production with over 250 industry professionals from over 100 companies representing major oil operators, service companies and suppliers attending through special invitation.

The event focused on confronting current market challenges with innovative solutions to address cost pressures, harsh environments, and longer step-out distances as the industry experiences unprecedented changes. Two technical panels comprised of industry experts from Shell, Chevron, INTECSEA, and Noble Energy discussed new technology to enable lower cost execution and shared best practices in offshore projects in an open Q & A format with the audience.

"Teledyne Oil & Gas is taking a leadership role during these challenging times, to identify the technical obstacles and develop innovative solutions that will help our industry to meet the current and future market challenges head-on," said Mike Read, President of Teledyne Marine. "These dedicated professionals came here today with one goal in mind: to share perspectives towards the best technical resolutions in the new reality of the oil and gas industry."

An opening keynote address: "The State of the Industry: An Oil Operator's Perspective" was presented by BP's Ryan Malone, Projects Manager for the Gulf of Mexico. The featured keynote was delivered by Tom Moroney, VP of Deepwater and Wells Technologies for Shell, titled "Driving a Competitive Shell Deepwater Business." The latest deepwater oil and gas market forecast from Quest Offshore Resources was presented by CEO Paul Hillegeist, and additional notable presentations were given by Teledyne Scientific & Imaging and Texas A&M Engineering.

About Teledyne Marine

Teledyne Marine is a group of leading-edge subsea technology companies that are part of Teledyne Technologies Incorporated. Through acquisitions and collaboration over the past ten years, Teledyne Marine has evolved into an industry powerhouse, bringing Imaging, Instruments, Interconnect, Seismic , and Vehicle technology together to provide total solutions to our customers. Each Teledyne Marine company is a leader in its respective field, with a shared commitment to providing premium products backed by unparalleled service and support. www.teledynemarine.com

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