It Can Be Hard To Prove You Really Cut Costs
Telling executives that the cost per foot drilled is down is not going to convince them that drilling is getting more efficient. That requires translating drilling measures into the language of corporate budgeters.
R&D Remains Critical Despite a Down Market
R&D is essential for the industry, regardless of the current oil price, and past down markets have spawned some key technology advances, ExxonMobil researcher Erika Biediger told the SPE Gulf Coast Section R&D study group recently.
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