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Where do you see o&g headed in the future?
Posted on 3/12/14 at 7:03 pm
Posted on 3/12/14 at 7:03 pm
Do you see the future of the industry being predominately unconventional shale, or conventional offshore drilling? Or another way to look at it, in which would you invest your money or career long term if faced with the choice?
Might be a vague question but just looking for some opinions.
Might be a vague question but just looking for some opinions.
Posted on 3/12/14 at 7:40 pm to TheIndulger
Infrastructure - mid-term
Deepwater - long-term
Deepwater - long-term
This post was edited on 3/12/14 at 7:42 pm
Posted on 3/12/14 at 8:15 pm to TheIndulger
I am not in the O&G industry but this guy from BP seems to believe the future in O&G is 'North' as in the Artic.
LINK
quote:
In conclusion, deepwater exploration has legs yet. Underpinning it will be ever improved and cheaper seismic data: seeing beneath shallow gas, salt and basalt, and allowing the mapping and de-risking through porosity and fluid indicators. However, with the elevated activity levels of the past few years, a decline in success rates is inevitable, and the discovery of new plays ever more difficult.
So where will industry go? Not west….but North
The ice-bound continental shelf and slope of the artic remains largely unexplored (see slide 7 of the slide pack). Yet 10% (19) of the world’s rivers discharge into the arctic and some have formed huge Tertiary delta systems, well known in front of the Canadian Mackenzie, Russian Lena and other rivers. But even more importantly the prolific West Siberian and Timan Pechora basins plunge northwards below the ice and water of the Kara Sea.
LINK
Posted on 3/12/14 at 11:10 pm to TheIndulger
Deep water, first the east coast then west.
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