Free the Porcupine

Sarah Gillet, the British Ambassador to Norway, recently spoke at an event in Aberdeen about opportunities in the Norwegian Sea. She gave an insight into the current environment, noting:

 

  • Production costs are down,
  • Oil price is more stable,
  • Global energy demand is increasing,
  • Plentiful reserves left on the Norwegian shelf,
  • 80 fields are currently producing – (most in North Sea, 16 in Norwegian Sea, and 2 in Barents Sea),
  • 7 new field developments are underway (worth approximately 23 billion pounds),
  • There are 5 new plans for Operation and Development.

 

While the above is always good to hear, what I found most interesting about Sarah’s talk, was her reference to the Darwinian Theory; stating “it’s not the strongest that survive, but those most susceptible to change”.

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Incremental Improvement

I recently attended an Oil & Gas UK Business Outlook Breakfast Briefing, where the phrase of the day was ‘cautiously optimistic’.

We’ve seen in the news that North Sea operators are reviving, the biggest story being the recent Hurricane Energy discovery near Shetland. The briefing figures showed that unit costs are down and profits/projects are on the rise. People seem to be getting better at doing more with less.

Indeed, the atmosphere at the breakfast was far more convivial than the last I attended back in December 2015.

All very positive, however, we still have a long way to go. So, how do we go forward from here?

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Transforming software for oil and gas

In my last post, I discussed the origins of our company, what motivated us, and the problems we were trying to address. I discussed our primary driver as the belief that it had to be possible “to do it better.” As the company evolved, nowhere was this need for improvement more evident than in oil and gas software, but the path wasn’t easy.

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A Different Way

We run a cloud service for oil and gas. Our goal is to grow organically, and to grow profitability not staff numbers. We value a high degree of autonomy, and we operate entirely virtually. We’ve been extensively using cloud services to run our business for over ten years, and now virtually everything we do, from mail and calendar to accounting and document management, is done in the cloud.

However, we didn’t start out that way.

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