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OTC: Shell touts offshore technologies, innovations

05/10/2010
By Guntis Moritis
Recovering the remaining more-difficult-to-develop hydrocarbon resources will require new technologies and innovations, Matthias Bichsel, member of the executive committee of Royal Dutch Shell PLC and director of projects and technology told a topical breakfast audience May 4 at the Offshore Technology Conference.Bichsel said the remaining prize is large, for instance a Wood Mackenzie analysis estimated that 105 billion boe was yet to be discovered in the next 20 years from 46 deepwater plays in the Gulf of Mexico and off Brazil, Angola, Nigeria, and Australia.Another region of interest is the Arctic that according to the US Geological Survey still holds 13% of the world's undiscovered oi...
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