OTC: Technology outlook, oil price rebound support returning industry confidence

05/10/1999
One of the sessions at this year's Offshore Technology Conference highlighted the Ursa tension-leg platform, operated by Shell Deepwater Production Inc. The platform stands in 3,800 ft of water on Mississippi Canyon Block 809, about 130 miles southeast of New Orleans. Ursa is Shell's fourth TLP in the deepwater Gulf of Mexico. Photo courtesy of Shell Deepwater Development Systems Inc. A tentative confidence is returning to the petroleum industry, following the recent rebound in oil prices. This confidence is predicated on the industry's ability to develop and enhance the technology it uses to find and produce oil in increasingly remote an...
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