Mutual understanding and respect when universities collaborate with industry is crucial. A clear policy on harmonizing innovation and higher education should be created. However, caution must be taken not to have a one-size-fits-all approach.
Horizontal- or complex-geometry-well construction projects are potentially good candidates to work out new contractual arrangements. Authorization to proceed with these projects is technically based, and measurable key variables can be defined. Performance of these wells is often more sensitive to the key variables; therefore, high focus on them by means of novel contractual arrangements should drive greater value.
The incredibly tight rocks that are the source of North America’s gas renaissance are off limits in Germany and France. Even though Maersk drilled the first multifractured horizontal well in the world in the North Sea in 1987, some European countries are now banning operations that have occurred legally for decades. Why the recent reversal?
Shallow-water offshore production began before 1900 and continues to be important. Technology to maximize economic production from shallow-water fields can be adapted from onshore or deepwater technologies. Improvements in monitoring-system capabilities (and costs) are direct contributors to optimizing well and facilities operations.