Downturn hobbling upstream technology R&D

Dean E. Gaddy Drilling Editor New technology and the business cycle [87,903 bytes] Cost comparison of top 24 U.S. Oil and gas producers [135,403 bytes] Non-Opec 1999 Production Decline Scenario [67,766 bytes] Serious concerns of declining capital availability, the lack of technology sponsorship, and the growing threat of depletion are among the top concerns over the state of drilling and production technology worldwide. Those issues were at the forefront of the Society of Petroleum Engineers/ International Association of Drilling Contractors Drilling Conference in Amsterdam earlier this month. According to one panel, service...

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