To bring deepwater back, industry must align around standardization, simplification and collaboration

Every part of the industry has a role to play in embracing Lean principles and disruptive technologies to drive better performance, increase competitiveness, Richard Lynch, a Hess Senior Vice President, told Drilling Contractor.

"While the downturn has placed a premium on short-cycle unconventionals, I do believe that investing in deepwater will be critical to the future success of our industry," Lynch says. "I also believe that deepwater can compete, and even demonstrate higher returns, if we focus on adopting Lean principles. This means focusing on performance, which encompasses safety, quality, delivery and cost, as well as technology."

“Our destiny is in our own hands. We have to be bold enough to stand up and lead, and then we need to be bold enough to stand up and continue to change to make that outcome happen.”

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