After World War II, the discovery and production of onshore oil in
the United States faced decline. As a result, offshore prospects in
the Gulf of Mexico took on new strategic value. Shell Oil Company
pioneered many of the early moves offshore and continues to lead
the way into "deepwater."
Tyler Priest's study is the first time the modern history of Shell
Oil has been told in any detail. Drawing on interviews with Shell
retirees and many other sources, Priest relates how the
imagination, talent, and hard work of personnel at all levels shaped
the evolution of the company. The narrative also covers important
aspects of Shell Oil's corporate evolution, but the company's
pioneering steps into the deepwater fields of the Gulf of Mexico
are its signature achievement. Priest's study demonstrates that
engineers did not suddenly create methods for finding and
producing oil and gas from astounding water depths. Rather, they
built on a half-century of accumulated knowledge and improvements
to technical systems.
Shell Oil's story is unique, but it also illuminates the modern
history of the petroleum industry. As Priest demonstrates, this
company's experiences offer a starting point for examining the
understudied topics of strategic decision-making, scientific
research, management of technology, and corporate organization
and culture within modern oil companies, as well as how these
activities applied to offshore development.
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TYLER PRIEST is the director of Global Studies in the University
of Houston's College of Business. He holds a Ph.D. in history
from the University of Wisconsin and recently received the 2008
AAPG (American Association of Petroleum Geologists)
Geosciences in the Media award for The Offshore Imperative.
Number Nineteen: Kenneth E. Montague Series in Oil and
Business History
What people are saying about this book
"Dr. Priest has written a thoroughly-researched and interesting
history of post World War II petroleum exploration."The Permian
Historical Annual, 2007