Members in Transition Committee The Role of Oil and Gas in the Next 100 Years. March 3, 2017 Outline

Technology Development

Source: http://www.spe.org/industry/history/timeline.php

1970 Bright-spot Seismic Technology

Bright-spot seismic technology used by Shell and Mobil to evaluate tracts offered at Gulf Of Mexico lease sale.

1971 Logging System

First logging system combining gamma ray, spontaneous potential, induction spherically focused resistivity, sonic and caliper logs (Schlumberger, 1971).

1972 Polycrystalline diamond compact drill bit introduced (Christensen)

Technology Development

Source: http://www.spe.org/industry/history/timeline.php

1972 Mud-pulse Telemetry

Mud-pulse telemetry introduced, enabling accurate determination of bit location while drilling (Teleco)

1978 Measurement-While-Drilling

Measurement-While-Drilling technology introduced (Teleco)

1980 Electrical Submersible Pump

First variable-speed electrical submersible pump (Hughes-Centrilift)

1982 3D Seismic

3D seismic processing begins (Veritas)