|Ali Ghalambor image credit: rossthomson.wordpress.com|
In a speech delivered by OPEC Secretary General Abdalla Salem El-Badri to the 15th IIES Conference and Exhibition held in Tehran, Iran last year, he properly recognized that technology has dramatically changed the overall facets of the oil and gas industry. In his words, he considers it a “profound change” that consequently “transformed the supply geography worldwide.” Considering the crippling challenges brought by the geographic, geopolitical, and economic challenges in the oil and gas industry, the assessment could never have been timelier and highly relevant.
|Ali Ghalambor image credit: dteenergy.com|
Ali Ghalambor is a retired American Petroleum Institute endowed professor and head of the Department of Petroleum Engineering at the University of Louisiana at Lafayette.
The oil and gas industry is in crisis, yet it survives through the emergence of technology that continues to provide innovative approaches in oil and gas drilling explorations and operation.
“For more than a century, new technologies have changed the way reserves are identified, developed, and produced, leading to a massive growth in reserves and supply,” Abdalla Salem El-Badri said in affirmation and confirmation of the fact that technological changes are pushing the oil and gas industry to a new age. Nevertheless, while technology truly promises a new way forward, the more serious and real challenges have to be identified and contained—something that Abdalla Salem El-Badri hopes the major industry players will take up together to “reach a new frontier.”
|Ali Ghalambor image credit: khaama.com|
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