Proceedings of the
Second International Energy 2030 Conference,
November 4-5, 2008, Abu Dhabi, U.A.E.
Energy Supply, Technology Development and
Business Models – a Case Study from the Seismic Industry
Professor Karl A. Berteussen
The Petroleum Institute, UAE
Abstract
During the last decades we have seen an enormous progress in the quality of seismic information
coupled with a significant reduction in price (except for the last year). This technical progress combined
with unorthodox business models have been some of the main factors behind the speed and quality with
which the hydrocarbon resources of areas like offshore West Africa, the North Sea and the Gulf of Mexico
are being exploited. In this presentation we shall discuss the combination of business models and technical
development that have made this possible.
