The low oil price environment certainly requires innovative approaches to maintain positive cash flow, but cutting back your source of income shouldn’t have to be one of them. Optimize and protect your production from existing assets rather than shutting them in. Learn how some operators are working the value equation to maintain production while reducing their cost basis.
Robotic intervention technology can accomplish the same work as a much larger rig or CT unit but using only a fraction of the people, logistics, time and overall complexity. This results in significantly reduced cost, carbon footprint and overall risk to your people and assets.
Vision and technology that improves returns and lowers risks, protecting people and assets, is always valuable. And with the decline in oil prices, operating companies need these items even more in order to reduce their cost basis; the industry needs to reconsider the way it operates. Fortunately, proven solutions exist that have widespread application for generating higher returns.
Now is the time.