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No more easy oil, says Shell chief

London, February 12, 2008

A top oil expert has warned that there is no more 'easy oil' and the subsea industry is critical to unlocking more oil to meet world supply.” 

Speaking at the major subsea oil and gas event at the AECC, Shell Europe’s vice president of exploration, Tom Botts, urged a gathering of 200 representatives from the global subsea sector to focus on the future of an industry which was developed in Aberdeen.

He also reviewed some hard truths at Subsea 08 when giving his keynote address. Botts focused on the innovation developed here in Aberdeen in the subsea industry and discussed how Shell had applied these technologies to its own developments.
 
Event sponsors, E.On Ruhrgas shared the company plans for the UK Continental Shelf and its commitment to Aberdeen.

Felix Lerch, general manager operation for E.On Ruhrgas UK North Sea said: “We know that the UKCS is a mature hydrocarbon province which in turn means that we are faced with the development of smaller and technically more challenging hydrocarbon accumulations.'

“It is our intention to continue growing the E&P business here in the UK and also internationally.
 
Organised by Subsea UK, the event was bigger and better than previous shows.  Chief executive of Subsea UK, David Pridden, said: “We are looking forward to hearing some thought-provoking presentations and participating in some stimulating debate. Tom Botts is right when he says there is no more easy oil. It is getting tougher and tougher to extract and the future unquestionably lies with subsea.
 
“But we cannot keep relying on technologies developed in our illustrious past and with an increasing level of investment in the industry today, we must continue to innovate for the future. We must keep pushing the boundaries through the development of new technologies and new ways of working to make even the most challenging deepwater project a viable reality.”-TradeArabia News Service




Tags: Shell | Oil | gas | Supply | subsea | event |

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