Oil & Gas
Worldwide demand for oil and gas means increased production in offshore, small and mature fields; more remote, deeper and arctic reserves; and unconventional resources. Producing oil and gas from these resources creates challenges that require advanced technologies to increase yield as well as reduce CAPEX and OPEX costs — all while efficiently managing production during the life of the field.
With mounting concerns for the environment, the industry is investing to reduce its operational footprint, greenhouse gas emissions and water usage; it is also striving to accelerate accident prevention and response. A zero-incident policy drives equipment and process improvement throughout the supply chain. This reduces risk, enhances incident response, and advances product development processes, equipment reliability and performance. The combination of drilling, completion, stimulation and production in all corners of the globe calls for integrated solutions. System-level design methodologies are the keys to developing smart equipment that can be operated remotely to help companies realize their vision of digital oil fields.