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Voices Voices Voices

New year, old challenges. As we begin 2013, has assembled OE

As the O&G industry an industry-wide think-tank including academic, E&P and service industry professionals to answer the question: ‘What is the biggest faces deeper and harsher challenge facing the global offshore oil and gas industry in 2013?’ challenges, the industry needs

Here’s what they had to say.

to increase safety throughout the value chain. This can be obtained by a risk-based

A signi? cant challenge approach and solid offshore facing the Gulf of Mexico standards. market is in being able to ramp up while maintaining best in class policies,

Remi Eriksen, CEO, DNV standards and procedures toward securing

Maritime and Oil & Gas a safe and environmentally friendly work environment. In light of recent failures in our industry, the light

The largest hurdle The largest hurdle is is clearly cast on our ability to capture learnings and mitigate ? guring how to increase ? guring how to increase risk from potential future incidents. Every aspect of our recoverability so that recoverability so that operations must be put under the microscope.

productivity is higher productivity is higher

There are several There are several

Steve Hardwick, President, Swire Oil? eld key challenges. First, key challenges. First, and per unit cost is and per unit cost is

Services North America ensuring that our ensuring that our lower. The economics lower. The economics industry is able to industry is able to of many deepwater of many deepwater attract and retain the plays could become

The biggest challenge in best and brightest challenged if prices soften 2013 will no doubt continue people who continue to at all. This becomes to be the shortage of expert bring forward great ideas. Second, to see particularly problematic technical professionals continued improvement in advancing the as ? rms increasingly stability and predictability of ? scal and in the volume required allocate capital to highly regulatory regimes; and third, to see the to execute the number productive onshore accelerated development in advanced of major capital projects unconventional oil plays technology that ultimately enables currently ongoing. The shale boom in the in North America.

operators to discover, produce and

US, surge in capacity globally for deepwater maximize recovery from highly complex, drilling and large number of projects in

Prof Kenneth B Medlock III, ultra deepwater ? elds.

the execution phase means that technical

Senior Director of the

Jason Nye, Senior Vice President, specialists are busier than ever, driving rates

Center for Energy Studies,

US Offshore, Statoil ASA for their expertise up in the market and in turn,

James A Baker III Institute escalating project cost.

for Public Policy,

Katie Potter, Division Lead,

Rice University

Our industry

Exploration & Production, must learn how

NES Global Talent to more aggressively manage environmental and safety risks without slowing the pace of

The greatest challenge is having enough quali? ed personnel to adoption and deployment of the new technologies necessary conduct the necessary work. The industry has a gap of experience conduct the necessary work. The industry has a gap of experience to exploit ever more challenging deepwater reservoirs. and quali? ed personnel, especially with many senior personnel

Mark Mitchell, Group Vice retiring and not as many coming into the industry.

President, Drilling Optimization

Services, Weatherford

Tom Fulton, President, InterMoor Inc,

International an Acteon company

Go to WWW.OEDIGITAL.COM and tell us what you think is the biggest challenge facing the offshore oil & gas industry in 2013.

oedigital.com January 2013 | OE 13 oe_Voices.indd 13 03/01/2013 17:39