We may be the world largest independent but we need to do what all the other independents do and that is gather information and copy.
Copy our best in class peers, have information sources always alert and always looking so we can by acreage early copy plays as they develop.
Why pay for R&D when you can copy, why spend million or even billions on seismic when you can learn and copy.
Nobody keeps a secret long in the oil patch if you are constantly in touch with the right people and listening!
Echoing what 1crh said above. Hit the nail on the head! Can't afford to keep doing it the legacy COP way. Take a step back and look at COP ops standards against offset competitors. It's not hard to identify overspec equipment, wasted redundancy, and see where a bulk of the overspend is coming from. Lots of opportunity for massive improvements in supply chain efforts, simops, self sourcing, and equipment / crew utilization. COP needs to figure out what they want to be when they grow up and decide to change!
Nobody keeps a job long in the oil patch, except our executive scum.
Copy an idiot and become an idiot, no need for research
I came from an independent in 2014. I was asked several times to be on teases to discuss what & how they do things. Whenever I spoke up I was told things like "that's not how they do it" etc. of course by people who had only worked at COP. So nice try, but you have to get some non "lifers" and people that came from independents (if there are any left. I spoke up, got me my walking papers....which was a good thing for me.
Desperate