Big Oil Bets Small
New Tech Helps Project Teams Size up Value of Niche Project Sites
Major oil companies have long relied on a simple strategy: tap as much oil as possible by launching projects to build bigger, deeper, more complex wells. Now companies are looking at project sites long thought to be too small or remote. To make such sites both safe and profitable, project leaders are integrating newer technology, from robots and drones to internet of things sensors and cloud-based platforms.