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Global Forum II

The Role of Technology in the Global E&P Business

Shell Canada, Calgary

Chuck Diggins

Renegade Geophysics, Boulder, Colorado, USA

The first 20% of the full text of this article appears below.

Planning the International Showcase (IS) must take into consideration that while some of the represented countries have experience in marketing their technology and business opportunities at the SEG Annual Meeting, others are newcomers to the global market.

The Global Theatre (GT) was the first attempt to standardize and improve the quality of information conveyed by each IS delegation. But just as we wanted to obtain their information, it was equally important that they too obtain new knowledge to take back.

We envisioned introducing IS delegates to the chiefs of multinationals and the most successful geophysical contractors and their ideas about global business. This is how a Global Forum was conceived to educate IS delegations about what it means to be part of a global marketplace. The first Global Forum in Dallas, 2004, organized by IS and GAC, and sponsored by BP, Anschutz, and Hunt Oil, was a resounding success.

Global Forum II in Denver was sponsored by BP, I/O, and Renegade Geophysics. We (the authors) presided over the event as moderators. This year's theme, "The Role of Technology in the Global E&P Business," was ably discussed by 10 speakers, most of whom represented industry from outside North America, giving a truly global perspective to the discussion. Even in competition with the first full day of technical presentations, the forum attracted 200 people.

The panel's first presentation was delivered by Ibraheem M. Assa'adan, manager of Upstream Ventures at Saudi Aramco. He said that petroleum professionals are now armed with an arsenal of tools, equipment, and knowledge that are becoming exponentially available through innovation. However, the benefits from breathtaking advancements in computing and geophysical technologies are being realized at a slow pace. There is a still-existing gap between geologic models and reservoir simulators. This gap must be eliminated in order to better . . . [Full Text of this Article]