Building Bridges: My Journey Continues… SPE Board Meeting Update
- Bill Cobb (2008 SPE President)
- Document ID
- Society of Petroleum Engineers
- Journal of Petroleum Technology
- Publication Date
- May 2008
- Document Type
- Journal Paper
- 14 - 16
- 2008. Copyright is retained by the author. This document is distributed by SPE with the permission of the author. Contact the author for permission to use material from this document.
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The SPE Board of Directors meets four times a year. Our most recent meeting was at the end of March in Bangkok, Thailand. The board does its work through five board committees—Finance and Administration (comprising the SPE officers and chairs of the other board committees), Print and Electronic Media, Technical Programs and Meetings, Education and Professional Activities, and Membership. Here are some highlights of the March meeting.
Finance and Administration
- We reviewed the expected budget outcome for Fiscal Year 08, ending 31 March. I’m delighted to report that our income from operations was forecast to be roughly USD 4 million, with meetings contributing the lion’s share.
- We established an Investment Advisory Committee to offer advice on management of SPE’s investment portfolios and the Society’s investment policies. Committee members are Behrooz Fattahi, SPE Vice President of Finance; Bruce Bernard, 2001 SPE President, SPE Foundation Treasurer; Ian Phillips, SPE Europe Board member; Janet Handley, Investment Director, Texas A&M Foundation; and David Meade, General Manager Pension Investments, Shell Oil Company.
Print and Electronic Media
- The board committee approved the prototype for a multi-language “wiki-type” glossary of oilfield terminology, to be introduced on SPE.org in June. During meetings with members in China, Russia, and Latin America in the last few years, members told us that oilfield terminology is not always easily translatable from English into other languages. The online glossary will allow members to contribute terms and definitions in English and, initially, Chinese, Russian, Spanish, and Portuguese.
- The SPE staff presented a high-level assessment of future enhancements for SPE.org. The report addressed the evolution of SPE’s website in three areas: (1) Content collection—expanding and disseminating content on a broader scale; (2) Technology—using information technology to connect the parts and make content consumption easier; and (3) Interaction—ways to serve our members, volunteers, and customers through innovative Internet services. The board committee will in coming meetings look at specific initiatives in these areas.
Technical Programs and Meetings
- The board committee discussed a Strategic Meetings Initiative proposal, designed to look at the relationship of SPE meetings and member needs. This initiative is meant to evaluate each of SPE’s technical meetings as it relates to SPE’s mission of value to members, exhibitors, sponsors, and the industry, as well as both strategic and financial value to SPE.
- The board committee discussed implementation of procedures to reduce the number of authors who do not show up to present a paper that has been accepted for meeting presentation. Presenting authors will now be required to give written notice no less than 45 days prior to the first day of the meeting to avoid censure.
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