At the 2023 ADI Forum, Uday Turaga, CEO, ADI Analytics; Allie Thurmond, Asset Manager, US GoM Exploration, Equinor; Sheldon Harbinson, VP, Computer Modelling Group; and Maryam Schellstede, SVP of Planning and Development, University Lands, discussed shifts in offshore and onshore exploration. Equinor focused on offshore assets in prolific basins, while Canada’s heavy oil sector prioritized emission reduction technologies. The Permian Basin remained active despite rising service costs, with companies relying on technology improvements and co-development strategies to optimize well performance and efficiency. Experts highlighted University Lands’ stability post-consolidation, noting long-term inventory potential despite tier-one concerns. Public operators maintained higher productivity, while private firms advanced Southern Midland Basin technologies. Offshore discussions emphasized electrification progress in the North Sea, challenges in the Gulf of Mexico, and the strategic value of low-emission offshore barrels, with Equinor prioritizing value optimization in future developments.
About ADI Analytics
ADI is a prestigious, boutique consulting firm specializing in oil and gas, energy, and chemicals since 2009. We bring deep expertise in a broad range of markets where we support Fortune 500, mid-sized and early-stage companies, and investors with consulting services, research reports, and data and analytics, with the goal of delivering actionable outcomes to help our clients achieve tangible results.
We also host the ADI Forum that brings c-suite executives together for meaningful dialogue and strategic insights across the oil & gas, energy transition, and chemicals value chains. Learn more about the ADI Forum.
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