Three of the upstream industry’s primary goals in today’s “lower for longer” oil price environment are to improve efficiency, eliminate waste and reduce cost—doing more with less. At the same time it must develop new and enhance existing technologies, which remain the most effective way to achieve this. But how does the E&P sector balance the need to invest its hard-earned cash in fresh innovation while also ensuring solid economic performance or even just survival? This month’s cover feature looks at global efforts to tackle this issue and asks a selection of industry experts for their take on what exactly are the two most important technology challenges and potential solutions out there.
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