Business in the low oil price scenario
It’s estimated that equipment failures cost the US refining industry more than US$4 billion per year. Since 2009, well integrity failures have also cost operators in excess of US$75 billion. Chuck Moseley, director of M2M Energy Sales at Inmarsat, said that the push for automation has never been heavier.
OffComm News asked the industry for insights and opinion relating to E&P during the downward curve of the oil price today, uncovering some interesting ways to emerge out front when the upturn comes.