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Digital oilfield news

 
 
 
 

Is data the answer to a billion dollar question?

Downtime caused by critical system failures continues to be a key challenge for the oil and gas industry, estimated to cost the UKCS more than US$1 billion a year in lost production.

 
 
 

Statoil: joint offshore digitalisation

An integrated operations support centre and a drilling operations centre will help reach Statoil’s ambition of increasing value creation from operated fields in Norway by more than US$2 billion from 2020 to 2025 before tax.