This manuscript is intended to set the stage for a panel discussion, "Changing Dynamics in Deepwater Ownership", scheduled for Wednesday, May 3, 2006. The manuscript includes the white-paper input from participants of this panel, who are; 1. Art Herman, Deepwater Project Supervisor, Chevron 2. William McHolick, VP Americas Operations & Development, BHP Billiton Petroleum (Americas) Inc. 3. Helge Haldorsen, President, Hydro Gulf of Mexico, L..L..C. 4. Joao Figueira, Executive Manager, Petrobras 5. Cory Weinbel, General Manager of Production Facilities, Cal Dive International 6. Sandeep Khurana (Moderator), Project Manager-Subsea Systems, J P Kenny Inc.
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