How does innovation happen in the upstream oil & gas industry? Insights from a global survey

Perrons, Robert K. (2013) How does innovation happen in the upstream oil & gas industry? Insights from a global survey. In ATCE 2013 Society of Petroleum Engineers Annual Technical Conference and Exhibition, 30 September – 2 October 2013, New Orleans, United States of America.

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Abstract

Few would argue that the upstream oil & gas industry has become more technology-intensive over the years. But how does innovation happen in the industry? Specifically, what ideas and inputs flow from which parts of the sector’s value network, and where do these inputs go? And how do firms and organizations from different countries contribute differently to this process? This paper puts forward the results of a survey designed to shed light on these issues. A joint research initiative between the Society of Petroleum Engineers and the Queensland University of Technology, the survey was sent to 469 executives and senior managers who played a significant role with regards to R&D and/or technology deployment in their respective business units. A total of 199 responses were received from a broad range of organizations and countries around the world. Several interesting themes and trends emerge from the results, including: (1) service companies tend to file considerably more patents per innovation than other types of organization; (2) over 63% of the deployed innovations reported in the survey originated in service companies; (3) neither universities nor government-led research organizations are considered to be valuable sources of new information and knowledge in the industry’s R&D initiatives; and (4) despite the increasing degree of globalization in the marketplace, the USA still plays an extremely dominant role in the industry’s overall R&D and technology deployment activities. By providing a detailed snapshot of how innovation happens in the upstream oil & gas sector, this paper provides a valuable foundation for future investigations and discussions aimed at improving how R&D and technology deployment are managed within the industry.

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ID Code: 65965
Item Type: Conference Paper
Refereed: No
Additional URLs:
Keywords: Innovation, Upstream Oil & Gas Industry, Global Survey
DOI: 10.2118/166084-MS
ISBN: 9781613992401
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > Innovation and Technology Management (150307)
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Management
Copyright Owner: Copyright 2013 Society of Petroleum Engineers
Deposited On: 10 Jan 2014 01:21
Last Modified: 15 Jan 2014 05:48

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