Overview
There was a time when the oil and gas industry was once at the forefront of the 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 a digital oil field concept in which seismic data is used to locate deposits and oil reserves. Now it is facing major challenges like asset optimization, high production & maintenance costs, longer downtime, etc.
