Technology Intelligence on Digitization in Oil & gas Industry
There was a time when oil and gas industry was once at the forefront of latest innovations and latest technology implementation.It is the first industry to implement Distributed Control Systems (DCS) to control plants and refineries. It is also the first one to implement digital oil field concept in which seismic data is used to locate deposits and oil reserves.Now it is facing major challenges like assets optimization, high production & maintenance cost, longer downtime, etc.Overview