How will oil industry geoscience manage in the new Millennium?
The new Millennium has arrived at a particularly poignant moment in the relationship between the oil industry and the geoscience community when nothing can be taken for granted anymore. The second half of the 20th century was notable for the remarkable contribution made by geoscience research and technology in making exploration and production more efficient and cost effective. Now, consolidations, downsizing, outsourcing and the increasingly ruthless quest for shareholder value have significantly changed the strategy and operations of oil companies and left a big question mark hanging over the future role of the geosciences in finding and producing hydrocarbons. To offer some perspective on the challenge ahead, First Break invited a number of leading figures from the industry and academia to reflect on how they envisaged the future for the geosciences as we begin the new century.