http://signaloil.wpengine.com/wp-content/uploads/2015/10/Signal-Oil-logo-red-300x32.png 0 0 RSS FEED http://signaloil.wpengine.com/wp-content/uploads/2015/10/Signal-Oil-logo-red-300x32.png RSS FEED2018-09-21 03:07:172018-09-21 03:07:17Shell Drives Down Deepwater Costs Through Collaboration, Digitalization
Shell Drives Down Deepwater Costs Through Collaboration, Digitalization
As Shell embarks on a journey toward an energy transition, the company is working to keep costs low while embracing digitalization and collaboration.
Continued improvement through upcycles is needed for future success, according to the company.
Despite some recent divestments in Norway and the U.K., where the North Sea is the heartland of Shell’s operations, the company still has interests in 50 fields, 30 production platforms, two FPSOs and 30 subsea installations.
“We have had some tough years, but I’m pleased to say that there are new FIDs [final investment decisions] here,” said Andrew Brown, upstream director for Shell.