Low oil price push technologies for safer, smarter and cheaper drilling operations

Rolv Rommetveit’s keynote speech at the SPE One Day Seminar in Bergen on the 20th of April argued the importance during the current times to invest in, develop and push for, smarter, novel solutions, both technically and related to work processes. Rolv investigated how the cost and risk elements need to be analysed and challenged in order to release the potential inherent in these solutions.

“For us as an industry to survive during these times we need to invest in, develop and push for, smarter, novel solutions, both technically and related to work processes. The cost and the risk elements need to be analysed and challenged in order to release the potential inherent in these solutions.

Our industry is conservative during booming times, and tends to do the operations the traditional way. There is a risk aversion regarding using and implementing new technology which has initial cost. Also if this technology can save much more than initial costs.

Today all stones need to be turned, and smarter solutions implemented. This will also create interesting new jobs and job content for drilling engineers”.

Rolv Rommetveit
CTO