Lincoln Warren Named ODECO Vice President Oil & Gas Exploration

Ocean Drilling & Exploration Company, 1600 Canal Street, New Orleans, La. 70160, has announced the appointment of Lincoln E.

Warren as vice president-oil and gas exploration to spearhead its effort to uncover new oil and gas reserves.

"Lincoln Warren's excellent technical abilities will be instrumental in the process of making sound investment decisions in this area. He brings to the company a lifetime of broad experience in the exploration for oil and gas.

"The company's strategy over the near term will be to devote most of its resources to search for new oil and gas reserves. This will be a major expansion from our previous role as the world's largest offshore contract driller with a sideline of oil and gas, to a substantial oil and gas producer as well as a leader in the contract drilling business," said Hugh J.

Kelly, ODECO president and chief executive officer.

Founded in 1953, ODECO is the world's largest offshore drilling contractor, with 40 rigs of four major classes and, in addition, explores for and produces oil and gas, provides underwater diving services and has insurance interests.

ODECO oil and gas expenditures were $66 million last year and are budgeted to approximately $75 million in 1977, with most of the expenditures targeted for development of the company's 7 percent interest in the Ninian Field in the British sector of the North Sea, and a number of Gulf of Mexico properties.

As these properties are placed on production, the resulting cash flow will add substantially to ODECO's capacity for new investments, Mr. Kelly said.

Mr. Warren formerly served as general manager of Gulf Oil Corporation southeastern exploration district and retired after 32 years of service with Gulf.

A geology graduate of the University of Texas, he joined Gulf in 1945 and became chief geologist for West Texas in Midland, Texas, in 1951. Mr. Warren was later named exploration manager for Western Gulf Oil Company, Los Angeles, Calif. He has held additional assignments in Denver, Colo., Jackson, Miss., New Orleans, La., and Houston, Texas.

Mr. Warren has served on numerous committees of American Petroleum Institute, including the Government Liaison Committee on Research. Last June, he was named chairman of the oil and gas panel in the National Planning Conference on the "Commercial Development of Oceans," sponsored by the U.S. Maritime Administration, the National Oceanic and Atmospheric Administration (NOAA), the Department of the Interior and the Energy Research and Development Administration (ERDA).

Currently, he is a member of the American Association of Petroleum Geologists and a Fellow of the American Association for the Advancement of Science.

Other stories from July 15, 1977 issue


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