OEF Rapid Review
Next-generation technology will connect workers, suppliers, customers and assets through a reimagined business model. By leveraging Internet of Things enabled devices, the oil industry could turn insight into action. By using connected instruments from wellheads or pipelines to an integrated data repository, data sources will have increased insight into production. A cloud-based solution that aligns with talent as well as procurement provides integrated support to the supplier network, creating increased efficiency and cost savings. By optimization oil companies will have more time and resources to invest in technology to help increase oil reserves.
LINK TO THE SOURCE ARTICLE:
Next Generation Technology To Double Oil And Gas Reserves By 2050
