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Book Chapter

The Role of Technology in Modern International Oil and Gas Exploration Strategies

By
Wolfgang E. Schollnberger
Wolfgang E. Schollnberger
BP Amoco
Sunbury-on-Thames, U.K.
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Ronald A. Nelson
Ronald A. Nelson
BP Amoco
Houston, Texas, U.S.A.
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Published:
January 01, 2000

Abstract

In the last 20 years, major U.S. oil and gas companies and some larger independents have dramatically changed their exploration focus from a dominantly U.S. focus to one dominated by international opportunities. This shift required creation of more new exploration strategies than were necessary in the more traditional U.S.-based programs. During the last 10 years, these new internationally focused exploration strategies were driven in part by rapidly evolving new technology. Technology advances and the availability of those advances allowed the exploration companies to find new opportunities in well-established basins and to move to less-established basins where they could be involved in large portions of the value stream available to the energy business.

Although various strategies were used by different companies, those technology-driven international exploration strategies that were prevalent in the 1990s contained new and unique strategic elements and tactics. These include (1) risk analysis, (2) learning to access newly advancing technologies rapidly and deploy them promptly to find economic reserves, (3) technical alliances with other exploration and service companies, (4) partnering with national oil companies, and (5) playing the “technical niche role.” Examples of the use of these technology-driven strategic elements and how they have driven specific international exploration opportunities are presented. Funding and directing technology development and future trends of innovation round out the subjects covered in this paper.

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Contents

International Oil and Gas Ventures: A Business Perspective

George E. Kronman
George E. Kronman
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Don B. Felio
Don B. Felio
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Thomas E. O’Connor
Thomas E. O’Connor
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Mindy S. Kronman
Mindy S. Kronman
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American Association of Petroleum Geologists
ISBN electronic:
9781629810683
Publication date:
January 01, 2000

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