Why Success Doesn't Need a Perfect Plan | Subodh Saxena, SVP at Nabors Industries
In this episode, Subodh Saxena, SVP at Nabors Industries, shares his journey from humble beginnings in India to leading globalΒ ...
Senior Vice President of Canrig & Nabors Drilling Solutions, Nabors
Search every verified Subodh Saxena interview, podcast appearance, and on-the-record quote β each transcript cross-checked by AI and human review to confirm speaker identity. Subodh Saxena, Senior Vice President of Canrig & Nabors Drilling Solutions at Nabors, has been a prominent speaker at industry events in 2024, including the International Petroleum Technology Conference (IPTC) and the IADC Advanced Rig Technology Conference. In interviews, Saxena has discussed the role of technology in drilling, stating that "the future of drilling is all related to technology" and that the industry is using automation to achieve "consistency and repeatability." He has described Nabors' approach to automation as comprising machine, process, and advisory automation, and has said that the company is exploring generative AI as a tool to combine data, physics, and human expertise. Saxena has also addressed decarbonization, noting that Nabors is focusing on measuring and reporting emissions, electrification, alternate fuels, and automated engine management, while adding that "there is no single silver bullet" for reducing carbon footprints. Saxena has also spoken about Nabors' long-term commitment to Saudi Arabia, stating the company is "committed not for the next five or ten years but for the next 100 years" and is aligning with Saudi Vision 2030 through local manufacturing and Saudization. In personal interviews, he has discussed his background, including being born in India and graduating in civil engineering in 1983, and has emphasized values such as endurance, saying "the long journey is so important." He has also described his approach to mentorship, particularly in supporting women in the workplace, and has noted that his daughters have helped sensitize him to issues like mansplaining.
“I think today and going forward I think the next P in my mind is purpose because purpose is such an important element that connects the employees to the industry or to the organization wherever you work for. And I believe that fundamentally the oil and gas industry is critical in improving the well-being of people thro...”
“Unconscious bias is far more insidious than if somebody is explicitly racist or sexist because then you can put the blame on that person. But the unconscious bias makes the person who's being biased against really question themselves, and it dilutes your performance.”
“I think one technology which will really help improve this industry is what is called the recovery factor. So recovery factor, concept is if you have 100 barrels of oil inside the ground and you drill a well, the likelihood that you will recover 100 barrels is zero. You will never recover 100. So recovery factor is the...”
“I think that unconscious bias is far more insidious than if somebody is explicitly racist or sexist. Because then you can put the blame on that person and say, this person is ABC. The problem is not me, but the unconscious bias makes the person who's being biased against really question themselves. You know, did I say...”
“Data is a great equalizer because data typically does not lie. As an industry, we have always focused on experiential knowledge, valuing people with experience, but that comes with implicit bias. The way to unlock value is increasingly through data, which removes biases and enables decisions that create value.”
“The drilling service industry is a $300 billion industry, and every 1% of downtime equals $3 billion in losses. There is significant inefficiency in the system today, and to extract value, we need to use data and make decisions based on it.”
“There are four key challenges in adopting automation and autonomous drilling: people's resistance to change, inability to develop fair commercial models distributing created wealth, interoperability due to limited industry standardization, and capturing human knowledge combined with physics and data to drive powerful A...”
“The inability of stakeholders to come up with a commercial model that fairly distributes the wealth created through technology is very individual-specific. The solution is to balance short-term gains versus long-term sustainable success.”
“Interoperability is a very important element given the limited amount of standardization in our industry. Solutions must be interoperable regardless of which rig they go on because there is limited access to capital and talent, and no one company can make all the solutions.”
“As we move to AI and generative AI, we must capture the knowledge and experience of people working at the forefront, codify it, and combine it with physics and data to drive extremely powerful solutions. This requires ongoing feedback from field personnel to improve algorithms and models.”
“Autonomous drilling is a system where multiple components must work together in synchronization rather than colliding to maximize value. While current systems work well individually, their synchronization needs improvement through digital enablers like AI, edge computing, and interoperability, not by adding more people...”
“I was born in a family which though very humble in terms of their economic strength but they gave me values which still stick with me and help me especially when I'm faced with challenges in my life.”
“My grandmother was a person who was never took a decision in her life for herself; there was always a man who was unfortunately taking a decision. She was taken out of her school when she was 12 because a father thought that education was not really relevant because you're going to be a wife and mother soon.”
“I joined oil and gas industry not because of oil and gas industry but because of Schlumberger and the paycheck that they were offering me.”
“I always said yes to any opportunity that was due to me and I think that was valuable to me because if I had said no then maybe I would be somewhere else but I always said yes and my family always said yes as well.”
In this episode, Subodh Saxena, SVP at Nabors Industries, shares his journey from humble beginnings in India to leading globalΒ ...
In this episode, Subodh Saxena, SVP at Nabors Industries, shares his journey from humble beginnings in India to leading global operations in the oil and gas industry. He discusses leadership, industry evolution, diversity, and the importance of continuous learning and adaptation. Key topics Leadership in oil and gas Industry evolution and technology Diversity and inclusion in energy Performance management and feedback Unconscious bias and unlearning Chapters 00:00 Introduction to Subodh Saxena's Journey 02:57 Foundational Phase: Early Life and Education 05:44 Exploration Phase: Global Experiβ¦
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Welcome to NAAVA Ka Radio! Subodh Saxena is a Civil Engineering graduate, A Gold Medalist from Maulana Azad NationalΒ ...
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