CATEGORIZED | 2008, January/February

Experts discuss industry’s most pressing issues

Posted on 29 October 2009

By Linda Hsieh, assistant managing editor

The world is addicted to oil.

That’s not meant to be negative, but it’s true. The world relies on hydrocarbons to go places and to get things done. Without oil or natural gas, there would be a Great Depression even more depressing than what we saw in the 1920s-30s.

That’s why what we do in the drilling industry is so vital — and why we must tackle the critical problems we’re facing head-on. There is no backing down from the challenges of deepwater. We can’t shy away from the complexities of unconventionals. And the people problem? We have to fix it fast.

In the following pages, you’ll find Q&A’s with top industry experts who discuss the numerous challenges ahead. But more importantly, they also give insight to possible solutions that can help us side-step our stumbling blocks.

Employees continue to get injured on the job? Drilling automation and rig mechanization can significantly reduce that risk, says Rodney Eads, Pride International. Drilling/completion costs are breaking budgets? Drill a one-size hole for a simpler and cheaper operation, says Rick Fontova, Enventure. Can’t transport heavy oil to refineries economically? Take the refinery to the field, says Vik Rao, Halliburton.

Not every solution suggested by our panel of experts is immediately at hand (and you may disagree with some of them too), but this industry can’t possibly overcome its challenges without innovative, “outside-the-box” thinking.

Remember, the world is addicted to oil, and they’re depending on us.

Leave a Reply

*

FEATURED MICROSITES


Recent Drilling News

  • 27 January 2015

    Lower 48 oil production outlook stable despite expected rig count reduction

    The sharp decline in oil prices over Q4 2014, which has continued in January, is already having a significant effect on drilling activity in the US, as...

  • 27 January 2015

    Hess Corp announces 2015 capital, exploratory budget

    Hess Corp announced a 2015 capital and exploratory budget of $4.7 billion, a 16% reduction from its 2014 actual spend of $5.6 billion. Of this, $2.1 billion (45%) is budgeted for unconventional shale resources...

  • 26 January 2015

    Young professionals program at SPE/IADC Drilling Conference to target future leaders of the industry

    The oil and gas industry is constantly looking to the future. Whether this comes in the form of pushing the limits of pressure...

  • 22 January 2015

    Tullow Oil moves ahead with exploration, appraisal drilling onshore Kenya

    Tullow Oil has announced updates on several onshore projects in Kenya, including the Expir-1 exploration, Engomo-1 exploration, the Ngamia and Amosing...

  • 22 January 2015

    Petrobras reduces operating costs, time with new pre-salt subsea equipment deployment technique

    At the end of last year, Petrobras deployed its first wet Christmas tree using cables in the pre-salt area. The main change involved was the use of a subsea equipment...

  • Read more news