Technological Challenges Abound
The integrated majors will continue to be at the forefront of technology when compared to some of their NOC counterparts. The competitive landscape will be marked by those companies that have developed technical expertise, as it will become a key competitive advantage. Whether it be deepwater drilling, unconventional shale expertise, or exploring in the Arctic Circle, those majors with technological expertise will prevail and become the most sought-after project partners. There have been numerous technological advancements in the last 20 years in the oil and gas industry such as directional drilling, seismic technology, and satellite technology. Many of these technologies have helped to reduce the overall cost ...
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