This panel will explore the current state of Exploration and Production (E&P) amidst geopolitical events, the post-pandemic economy, and industry consolidation. A significant part of our discussion will focus on the substantial investment in Ocean Bottom Node (OBN) technology, which has evolved from being limited to field development and production, to large-scale exploration, thanks to technological advancements and innovative business models.
We aim to address the value of information, technology investment, and strategy in today’s economy, contrasting industry consolidation with the rapid expansion of data acquisition and processing, particularly with OBN. These developments have profound implications on our work processes, technological advancements (such as the move to elastic full waveform inversion and machine learning), business models, and costs.