With high commodity prices pushing exploration, several new records were set in 2008.
From a drilling perspective, operations in 2008 have pushed the envelope both on and offshore.
On a global playing field, IOCs, NOCs, and independents pushed hard throughout 2008 to meet what seemed at the time to be never-ending demand growth. Now, when that time comes again — and it will — they’ll be ready.
The move to deeper water was one of the primary drivers behind a number of milestones reached in 2008. Noteworthy records were set across the board in the offshore segment of the industry, from deepwater mooring to advances in subsea systems to classification of new production systems.
In a rapidly changing industry, innovation, collaboration, and openness will pave the way forward. Incorporating advances on existing infrastructure will be one of the cornerstones of success.
Drilling technology adds value to oil and gas reserves in 2008.