Conoco’s CTO: We Are Drilling More Wells & Spending Less

The video focuses on Greg Lavelle, CTO of ConocoPhillips, and the company's strategies in the shale industry. It highlights challenges like fracking and parent-child well interactions. ConocoPhillips' technological advancements have improved drilling performance and recovery rates, reducing costs and increasing efficiency. The company is leveraging digital technologies and collaborating with tech startups and cloud providers to enhance operations.

What is a significant challenge faced by shale producers in the context of fracking?

• Parent-child well relationship issues

• Lack of skilled labor

• High cost of drilling equipment

• Environmental regulations

How has ConocoPhillips improved its drilling performance?

• By reducing the number of wells drilled

• By using traditional drilling methods

• By outsourcing drilling operations

• By rapidly implementing new technologies

Which region is ConocoPhillips focusing on for early cycle production?

• Bakken

• Eagleford

• Montney

• Permian

What is one of the digital technologies ConocoPhillips is using to enhance operations?

• Augmented reality for site inspections

• Blockchain for transactions

• Digital robotics for inventory management

• Virtual reality for training

Which companies is ConocoPhillips collaborating with for digital transformation?

• Only big cloud providers

• Only technology startups

• A mix of technology startups, cloud providers, and EMP service companies

• Only traditional EMP service companies