Technology has 'Fundamental Role' to Play in Supporting Oil, Gas Recovery

Technology has 'Fundamental Role' to Play in Supporting Oil, Gas Recovery
Technology has a fundamental role to play in supporting the oil and gas industry's recovery, ITF CEO Patrick O'Brien says.

Technology has a fundamental role to play in supporting the oil and gas industry’s recovery, ITF CEO Patrick O’Brien said in the build-up to the ITF Technology Showcase in Aberdeen, scheduled to take place March 1.

O’Brien said that technology can help unlock remaining reserves and help the industry work more efficiently to maximize production from ageing assets.

“The downturn has focused minds on the innovations that can make the biggest and most rapid impacts,” O’Brien commented.

Further championing the effects of technology within oil and gas, Petrofac’s Geoff Nesbitt said that there are numerous ways in which it can underpin long term cost optimization.



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Bill Parks | Feb. 14, 2017
I whole-heartedly agree that technology has a fundamental role to play in supporting oil, gas recovery. I also believe that the oil and gas industry has a fundamental role to play in supporting that technology development, both financially and in testing and field trials, as they will be the ultimate beneficiaries of it. Compared to the oil and gas industry of 25+ years ago, this has been sorely missing over the past 20 years. With a focus on getting as much oil out of the ground as fast as possible, there has been little interest in trying new technology because of its associated risks and cost in the early phases. The attitude has been We dont use serial #1 for far too long and the industry has suffered because of it.


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