From Jurassic to Tertiary Periods – How the Small and Nimble Survive to Thrive

Most of us are somewhat familiar with the theory that a large asteroid cataclysmically struck the earth near modern day Yucatan and wiped out the dinosaurs almost immediately due to the hostile environment that enveloped the earth.  The sunlight that is crucial to plant growth was blocked for many months. Large reptiles that needed the warmth of the sun and the food from the plants deceased en masse.  This gave a slow rise to small mammals that could regulate their own body temperatures in the colder climates and required less plant life for food.   As the earth recovered, the Age of Reptiles (Jurassic) was replaced by the Age of Mammals (Tertiary), and the earth was now home to nimble, resourceful and adaptive animals.  Or so the story goes……

How about this theory…..   A large asteroid (shale revolution) cataclysmically strikes the earth (offshore industry) and wipes out the dinosaurs (large companies with expensive infrastructures and rigid contracts) almost immediately due to the hostile environment (low oil prices) that followed.  The sunlight (high oil price) that is crucial to plant growth (profits) may be blocked for years.  The large companies that need high oil price and the profits they produce are failing and struggling to survive through en masse layoffs and mergers.  This has given rise to small companies (operators and service companies) that can adapt to the climate and require less income to survive.   As the offshore industry recovers, the smaller companies can tap into the talent pool discarded when the large companies faltered.  This is now the age of the nimble, resourceful and adaptive company that continuously adjusts to changing climates and can thrive on smaller projects for the foreseeable future.

This is the theory behind the creation of Subsea Engineering Technologies and its growing client base of nimble and innovative operators.  We have survived the disruption through our ingenuity and lower cost structure. The prospect of future high oil prices is not strong, but our ability to thrive is very real.  We have started to join forces to create a new offshore world that is not populated by lumbering giants.  It is now the world of agility and innovation. Let’s see how the story goes….