- LYNN COOK, SARAH KENT
- The Australian
- 12:00AM March 22, 2017
Royal Dutch Shell is trying to reinvent its business with a concept that sounds oxymoronic: budget deepwater drilling.
On the Mars oil platform, a hulking steel behemoth 200km southeast of New Orleans, more than 170 roughnecks and engineers are working to quickly wring more oil out of a massive field — and keep it profitable even if oil sinks to $US15 a barrel.
Shell, the world’s second-largest publicly traded energy company, is making a high-stakes bet that it can take highly efficient technology and processes perfected onshore and deploy them in deep-sea production.