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One of the latest offshore innovations from Statoil is nothing flashy, which is the point. A drawing shows a plain, steel jacket, standing in water 110 m deep, topped with a flat metal deck.

The deepwater blocks Mexico plans to lease to international operators in December are among the deepest, most remote, and geologically challenging in the world. But the difficulties of developing these areas will start onshore, where adequate and secure port facilities are few and far between.

Hydraulically fracturing and stimulating multiple horizontal wells in sequence has been rapidly adopted by operators because of the potential for production without introducing unwanted risks.

Low-salinity waterflooding has recently attracted considerable interest from governments, researchers, and oil companies, who are evaluating the method’s potential to increase oil recovery.

To estimate reserves, optimize well recovery, and place future development wells more accurately, operators require increasingly detailed understanding of complex oil and gas reservoirs.

In April, downhole chemical technology provider Flotek Industries acquired water-based, drilling fluid-additive technology from ARC Drilling Fluids.

What does a sense of purpose have to do with anything, you may ask? The exploration and production (E&P) business is about rocks, rigs, and remotely operated vehicles (ROVs).

Higher than normal oil prices during the past few years have led to a sharp rise in spending on upstream technology and innovation. The investment drivers are the need to extend the life of producing assets, improve operational efficiency, access new resources, and improve safety.

Over the past 200 years, since the days of the Industrial Revolution, we have experienced several waves of innovation, which have had a profound effect on our everyday lives.

The SPE Training and Member Programs departments took on the task of creating an intensive and industry-specific means to help spur the development of leadership abilities particularly of younger E&P professionals.