Oil and Gas Seeps, Slicks, Spills, Kicks and Blow-Outs: Part I
Article from: OGEL 3 (2010), in Oil Spills
Some years ago, M. Thiery Desmarest, the then Managing Director of Total, the French state oil company, declared (and he was referring to oil men in general and to upstream petroleum operations in particular) that if you didn't like risk you were in the wrong business. Concomitantly, most petroleum industry professionals recognise that the upstream sector (especially the exploration for new reserves of oil and gas) is about the management of risk , not necessarily its minimisation. Indeed, oil companies may deliberately choose, for their own sound economic and ...