Technological innovations in oil production: what is in store for us?
Modern technologies make it possible to increase production volumes at lower costs. Among the key innovations:
Hydraulic fracturing (fracking) - improved methods make it possible to extract oil from hard-to-recover reservoirs.
Subsea production - development of deepwater platforms makes it possible to develop hard-to-reach fields.
Nanotechnology - improves drilling fluids and increases oil recovery.
Robotic drilling rigs - improve safety and efficiency.
The combination of advanced technologies and analytics allows oil companies to adapt to changing market conditions.