‘Flat out’ industry faces enormous challenges, SEG told

11/14/2005
Operators and service companies face shortages of manpower, equipment, and services as they try to keep up with rising world oil and gas demand in the coming decades, speakers told the Society of Exploration Geophysicists annual meeting in Houston Nov. 7.Supplying enough energy to the world’s growing population is an immense challenge and an awesome responsibility, said Tim Cejka, president, ExxonMobil Exploration Co.With world energy demand projected to vault to 335 million b/d of oil equivalent in 2030 from today’s 230 million boe/d, industry must continue to improve operating efficiency, find new energy sources, and conduct operations safely, affordably, and without environ...
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