Moderators: Chris Kuyken, ADCO; Robbie Kellas, Baker Hughes
Our future energy mix will comprise renewables (solar, wind...) as well as energy from oil and gas reservoirs. Both energy types must be fast tracked with their respective capabilities to deliver energy to avoid cost prohibitive energy prices that suppress Middle East and world economic growth and prosperity.
Clearly, the fast track implementation of renewable energy and derisk its time to maturity will benefit when key learnings from oil and gas are implemented. This requires all parties to learn and work together. With open minded people, this can be done. It is also clear that conventional drilling will underpin the bulk of the contribution to the provision of energy for the years to come. Drilling for oil and gas, however, has become progressively more demanding. Higher expectation from society on safety and environmental issues, harder to extract hydrocarbons, and also the move to much lower permeability plays often referred to as difficult hydro-carbons.
This is combined with an acute shortage of people, young and old, to achieve the so much needed knowledge transfer. The people issue has been discussed for at least the last 10 years, yet limited progress has been achieved. To not run out of energy, we need a paradigm shift! For example, to increase the efficiency of our drilling industry using fewer people is just one solution albeit a realistic one to materialise—as we have no other options. The oil and gas operators in the Arabian Gulf and Middle East are notable as front runners of technology advancement in well delivery. To succeed in our mission to deliver more energy, we need to make the whole industry more efficient rather than just individual countries, companies or even individual rigs and plants. This can be done through technology yet new approaches towards technology acceptance are much needed.
Our esteemed senior industry leaders, members of the 2013 MEDT executive panel, will reflect, share their personal insight and point of view, and provide guidance on the wider engagement process that is needed for such important changes that are ahead of us. There are many considerations. For example, increase young people’s interest in sciences and engineering at junior education levels, how technology can be a true differentiator and what should be mandated for this. And where do we derisk the drilling processes most in order to enhance better acceptance in society as a core process leading to energy delivery? Are the powerful early learnings from alternative energy that we could adopt in our mission to improve efficiencies in conventional drilling for energy delivery? Are there other industries to look at? Our standards play now and in the future an even bigger role in the way how we drill wells and duplicates good practices quickly throughout the Industry.
The outcome of this important discussion will be captured in an SPE report on behalf of the panel members that will be utilised for the engagement for and with our Industry, governmental organisations, and other stakeholders.