Video: Who Are the Innovators in the Upstream Oil & Gas Industry? Insights From the 2017 SPE Global Innovation Survey
- Robert K. Perrons (Queensland University of Technology) | Henri Burgers (University of Queensland Business School) | Cameron Newton (Queensland University of Technology Business School)
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- Society of Petroleum Engineers
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- 2018. Copyright is retained by the author. This presentation is distributed by SPE with the permission of the author. Contact the author for permission to use material from this video.
- 2.7.1 Completion Fluids, 2.7 Completion Fluids, 2 Well completion
- exploitation, survey, exploration, R&D, innovation
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Technology and innovation are playing increasingly important roles in the success or failure of tomorrow's upstream oil & gas firms. Building upon the successful first SPE Innovation Survey in 2012 which looked at innovation at the business unit level, a second survey was carried out in 2017 to examine these processes again within the industry, but this time from the point of view individual people. This paper uses data from the 2017 survey to find out who the "explorers" are within the oil & gas sector that seem to be hardwired to deliver tomorrow's bolder technologies, and who the "exploiters" are that, for whatever reason, find it more difficult to bring about significant technological change within the industry. We found several potentially useful patterns in the data. First, people with graduate degrees are noticeably more likely to engage in exploration kinds of behaviors than people who do not. Second, respondents who spent their formative years before the age of 18 in Norway, Russia, or Indonesia report having more exploration kinds of activity than most others. Third, people currently working in Brazil, China, Malaysia, Nigeria, and Venezuala all reported lower levels of exploration-like behavior than their counterparts elsewhere. And expatriate employees seem not to be any more predisposed to exploration activities than non-expatriates. The paper concludes with a discussion about the 2017 survey's methodological shortcomings and, based on those, recommendations for future investigations in this area.