Industry in transition: drilling conference unveils the enormous challenges ahead

The International Association of Drilling Contractors held their annual international drilling conference in Galveston, TX this month. This year’s conference, Connecting the Global Drilling Community, provided a platform for international operators, contractors and service providers to address challenges, and highlight emerging technologies and practices in the sector. Highlights • The industry is facing a problematic worker shortage into the future unless more is done to attract and retain a younger generation of skilled talent. • Objectives tied to decarbonization have become just as important as profits, production and safety. Why are companies struggling with sustainability planning? • Adoption of digitalization is slow and fragmented across the industry. How can oil and gas companies catch-up to other industries in developing a tech driven culture? • The call for collaboration spans across the oil and gas value chain. Are companies willing to share data for the greater good?