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The offshore petroleum industry: The formative years, 1945-1962

Posted on:1998-07-19Degree:Ph.DType:Dissertation
University:Texas Tech UniversityCandidate:Kreidler, Tai DecknerFull Text:PDF
GTID:1469390014477215Subject:History
Abstract/Summary:
This dissertation is the first to examine the offshore oil industry that was born in the calm waters of the Gulf of Mexico. It describes the industry's origins and tracks its development as a consequence of a search for new oil frontiers. In addition, it elaborates how the oil industry moved into the marine province using available technology, and was driven by the economic urgency to compete and develop new territories. Enterprising drilling contractors and operators seized the offshore gamble, finding it possible to lower the economic and technological threshold by drawing directly from wartime research and surplus equipment. Though large oil companies had placed its indelible stamp upon the industry, the smaller, independent oil operators set the pace of early offshore development.; As a technological frontier, offshore development depended upon creative and unconventional engineering. Unfamiliar marine conditions tested the imagination of oil industry engineering. The unorthodox methods of John Hayward of Barnsdall Oil and R. G. LeTourneau of LeTourneau, Inc. among others transformed the industry by blending petroleum and marine engineering. Grappling with alien marine conditions and lacking formal training, Hayward and LeTourneau merged a century of practical oil field knowledge and petroleum engineering with 2,000 years of shipbuilding experience.; The Gulf of Mexico served as a fertile and protective environment for the development of a fledgling industry. With calm waters, lacking the tempestuous and stormy character of the Atlantic Ocean, with a gradual sea-floor slope and saturated with the highly productive salt dome reservoirs, the Gulf became the birth place of the modern offshore oil industry. Within its protective sphere, companies experimented and developed various technical and business adaptations. Operators used technology and business strategies that increased the opportunity for success. In addition, regional academic research institutes arose as a response to increasing work done for the offshore industry. Academic areas that developed included oceanography, physical oceanography, marine biology, marine geology, meteorology, and weather forecasting, During the formative era that ended in the late 1950s the industry had formed its technological and economic foundation in the Gulf, and stood poised to seize the initiative in the North Sea, the Middle East, the Far East, and Indonesia.
Keywords/Search Tags:Industry, Offshore, Oil, Petroleum, Gulf
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