The oil and gas industry’s current downturn is only 3 months old. But the swiftness with which the global crude markets were brought down by the ongoing global pandemic is likely to leave an impression that will be felt for many years to come.
One of the unknowns remains the full impact that this new cycle will have on technology development and the ambitious roadmaps that large operators, especially, have touted as the route to their future.
Greg Leveille, the chief technology officer of ConocoPhillips, is among those charged with paving that path and said despite the turmoil, “We haven’t changed our direction to any significant degree” when it comes to the international major’s technology priorities.
https://pubs.spe.org/en/jpt/jpt-article-detail/?art=7166
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