From computer assisted drilling to big data driven preventive maintenance, oil companies are unleashing new-age technologies to combat the multipronged issues plaguing the industry – geopolitical volatility that affects prices. Oil and Gas industry has been an early adopter of digitalization, what has been largely missing is using the ‘terabytes of data’ generated every day in an integrated approach to make mission critical decisions – increasing profitability, preventing accidents and reducing environmental impact. Gautam Shekhar, Account Manager – Oil & Gas, writes about building oilfields of the future in DEW Journal.
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