SPWLA - Industry_ Academia_ and Professional Societies in the 21st

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					Industry, Academia, and Professional
   Societies in the 21st Century -
 New Challenges and Opportunities
Importance of Technology

The Energy industry has always been
technology-intensive. Now, more than ever,
we’re relying on technology to reduce the
cost of finding oil and gas, and to improve
the efficiency of operations and the quality
of products.
Importance of Technology

Many field developments require enormous
capital investments, many with limited reservoir
penetrations or reservoir performance testing.

Project economics are most significantly
impacted by surface facility and drilling costs,
necessitating optimal capacity and production
planning to maximize rates of return.
Importance of Technology

Given:
   the significant capital investments required today
   limited reservoir penetrations
   need for optimization of capacity and production

It is evident that:
 Integration of technology (data) in the complete life
 cycle of every development is required for the
 successful completion of any project
Technology for Today’s World

Historically, (Company X) relied mainly on its
own research and development (R&D) for new
technology. However in the 1990’s, we’ve
adopted a different model - one suited to a more
competitive business environment and reflecting
fundamental changes in industrial R&D.*

                  *1998 Major O&G Co. Annual Report
Technology for Today’s World

           Average R&D Expenditures as % Total
             Revenue (Oil & Gas Companies)
 2.50

 2.00

 1.50

 1.00

 0.50

 0.00
    1990      1992    1994     1996     1998     2000
Brave New World

What does this mean for (Company X)? To make
the most of our research dollars, we’re
broadening access to an expanding external R&D
world. One way is by sharing the cost of research
projects with other companies.*
                  *1998 Major O&G Co. Annual Report


          ‘Leveraging Technology’
New Challenges and Opportunities


The Opportunity for Academia and Professional
Societies:
  The R&D basis is shifting from inside O&G
  companies to outside service companies and
  industry consortia.

  Technology is shifting from invention by O&G
  companies to application by O&G companies.
New Challenges and Opportunities

The Challenge for Academia and Professional
Societies:
    For academia and professional societies to assume the
    role as technology leaders.
The Beginnings:
     Education
     Multi-discipline (societal) conferences
     Multi-discipline publications
     Consortia, Forums, Research Institutes
The Future:


The Opportunity:
   For academia and professional societies to
   become R&D inventors.

The Challenge:
   It cannot happen without you. Your
   involvement and participation is needed in
   order for our societies and academia to assume
   the R&D leadership role.

				
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posted:10/19/2012
language:English
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