Each new drilling project continued to redefine the boundaries and limitations of offshore drilling. In 1963 Shell Oil surprisingly shared its revolutionary deepwater drilling technology with its competitors in a now legendary “School of Industry.” Their effort to bring their competitors up to speed fueled demand for deepwater leases beyond 300 feet and ensured they would be awarded at auction. They also charged $100,000 each for the three-week training so it wasn’t charity. This distribution of Shell’s technology enabled the industry as a whole to move into deeper water. Courtesy of The Sloane Gallery – www.sloanegallery.com – 281-
Oil and gas companies are regularly faced with many industry-specific issues to overcome. Such issues, including exploration and drilling, are often complex and intricate processes with many unique challenges to overcome. Data analytics can play a massive part in streamlining some of the most fundamental operations that are involved in the oil and gas industry.