Seismic Mapping Gains from Advanced Technologies
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The oil field services industry has benefited enormously from its ability to harness new technologies. Both onshore and offshore, the use of advanced seismic technologies and horizontal drilling with pinpoint accuracy have dramatically improved drilling results.
Geophysicists are using high-powered computer workstations to analyze seismic data in three-dimensional, color-coded views that show oil- and gas-producing structures never seen before. Drilling success rates are up substantially.
Much of the research and development (R&D) investment that is moving the oil and gas industry ahead occurs in the laboratories and engineering offices of the oil field services firms, rather than at the exploration and production companies. Once oil field services firms create new hardware, software or downhole tools that have promise, they are then able to sell these tools and services to oil companies large and small.
For everything you need to know about Energy & Utilities companies, see: Energy & Utilities Industry Almanac 2021
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Publication Date: November 2020Price: $379.99
Printed ISBN: 978-1-62831-589-9
eBook ISBN: 978-1-62831-589-9
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