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    Accommodating cultural differences in the workplace

    Just as innovation and technology spurred competition in the hey-day of oil prices exceeding 0 USD /bbl, the same spirit of competition is adjusting to the current market.Like the Iguana’s of the Galapagos adaptation to their perilous environment, the longer and lower slump in exploration has changed the marine seismic market completely and created new demands, risks, and opportunities for service providers.This is also why vessels are taken out of operation and stacked.

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    The global marine seismic streamer vessel fleet has been substantially reduced from its mid-2014 levels.While people may be waiting for a resurgence in oil prices from its plunge in mid-2014, there will be no parallel improvement in the marine seismic streamer sector.While oil prices may encourage exploration, such an infusion of capital for exploration will be spread out, for one thing.It translates to seismic streamer vessel over-capacity.This was the topic of my first blog post, is really seismic vessels equipped to explore on short notice, but currently without solid order books to keep them in operation.

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