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PTTC - About PTTC <br />wysiwyg: //24 /http: / /www. mines. edu/ research /PTTC /contacts /aboutptte.htmi <br />Mission Statement: PTTC benefits the nation by helping U.S. independent oil and <br />natural gas producers make timely, informed technology decisions. <br />The Petroleum Technology Transfer Council (PTTC) was formed in 1994 by the U.S. oil <br />and natural gas exploration and production (E &P) industry to identify and transfer upstream <br />technologies to domestic producers. PTTC's technology programs help producers reduce <br />costs, improve operating efficiency, increase ultimate recovery, enhance environmental <br />compliance, and add new reserves. PTTC is an industry- directed, regionally- focused <br />not - for -profit organization with programs that meet the technology needs of its primary <br />customers — independent producers. Independents face technology decisions every day, such <br />as whether to address an opportunity or problem with technology, what solution to use, <br />whether it is cost effective, and how to use it. In serving as the independent producer's <br />"Bridge to Solutions," PTTC fulfills three roles: <br />• First, it helps identify and clarify producers' problems and makes them aware of <br />technology opportunities. <br />• Second, it educates producers about technology options. <br />• Third, it connects producers to these solutions. <br />Through its 10 regions, PTTC offers expert assistance, information resources, <br />inter - disciplinary referrals, and demonstrations of E &P software. Technology workshops, <br />currently well above 100 per year, cover the full spectrum of PTTC's five program lines: (1) <br />exploration, (2) drilling and completion, (3) development and reservoir, (4) operations and <br />production, and (5) environmental issues. National and regional newsletters provide <br />technology alerts, case studies, and other information. Databases and other important local <br />information are available in each region. <br />Although PTTC does not perform or fund research and development (R &D) projects, it <br />identifies producers' technical problems and communicates them to the R &D community. <br />PTTC also provides valuable services to another important market segment - technology <br />solution providers - by making them more aware of the needs of independent oil and gas <br />producers. This group includes service and supply companies, vendors, technical <br />consultants, government R &D programs, national labs, academia, professional societies, and <br />others. Serving as a technology intermediary, PTTC delivers value to both groups: (1) <br />Solution providers benefit when PTTC educates producers about their technologies and how <br />to access them. (2) Producers benefit when PTTC helps solution providers understand the <br />technical problems of independents. <br />The Regional Lead Organization (RLO) for the Rocky Mountain Region is the Department <br />of Geological Engineering, Colorado School of Mines. <br />of 1 9/5/01 1:03 PM <br />