R&D is an astute investment Academic Article uri icon

abstract

  • In the oil and gas industry, project investment is high and operators are seeking opportunities that will replace reserves and increase production in new and existing markets. These geographical profit centers can be remote, have high entry barriers, and perhaps have technical challenges. Some of the challenging areas of technology that hold the promise of future advancements with the strategic planning of research and development include reservoir description and dynamics, drilling and completions, production and operations, facilities and construction, health, safety, and environment, as well as management and information.

author list (cited authors)

  • Judzis, A., & Hill, A. D.

publication date

  • May 2005