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Title: Operators must become bigger stakeholders in technology

Abstract

The declining involvement of oil and gas operators in research and development (R and D) is reducing profits for both the operator and the service provider. Greater responsibility for technology development is now being shouldered by the service providers, and there is a growing concern that they are drilling themselves out of a job. This concern is compounded when the financial results of the operator are compared with those of the service provider. The paper discusses reduced profitability, misconceptions about new technologies, time-based incentives, risk and reward, the aligned-interest agreement, and agreement structuring.

Authors:
 [1]
  1. Halliburton Energy Services, Houston, TX (United States)
Publication Date:
OSTI Identifier:
504807
Resource Type:
Journal Article
Journal Name:
Oil and Gas Journal
Additional Journal Information:
Journal Volume: 95; Journal Issue: 29; Other Information: PBD: 21 Jul 1997
Country of Publication:
United States
Language:
English
Subject:
03 NATURAL GAS; 02 PETROLEUM; PETROLEUM INDUSTRY; NATURAL GAS INDUSTRY; SERVICE SECTOR; ECONOMICS; TECHNOLOGY UTILIZATION; RESEARCH PROGRAMS; PROFITS; ORGANIZATIONAL MODELS

Citation Formats

Terry, J. Operators must become bigger stakeholders in technology. United States: N. p., 1997. Web.
Terry, J. Operators must become bigger stakeholders in technology. United States.
Terry, J. 1997. "Operators must become bigger stakeholders in technology". United States.
@article{osti_504807,
title = {Operators must become bigger stakeholders in technology},
author = {Terry, J},
abstractNote = {The declining involvement of oil and gas operators in research and development (R and D) is reducing profits for both the operator and the service provider. Greater responsibility for technology development is now being shouldered by the service providers, and there is a growing concern that they are drilling themselves out of a job. This concern is compounded when the financial results of the operator are compared with those of the service provider. The paper discusses reduced profitability, misconceptions about new technologies, time-based incentives, risk and reward, the aligned-interest agreement, and agreement structuring.},
doi = {},
url = {https://www.osti.gov/biblio/504807}, journal = {Oil and Gas Journal},
number = 29,
volume = 95,
place = {United States},
year = {Mon Jul 21 00:00:00 EDT 1997},
month = {Mon Jul 21 00:00:00 EDT 1997}
}