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Looking For Open Standards In Oil And Gas Automation

November 30, 2018

Via: Forbes

As part of its drive to improve operational efficiency the oil and gas sector has been looking at standardization as a vital tool. There has been good progress in several areas, but one key segment of the industry is lagging, namely automation.

The dependence of the oil and gas industry on automation has increased in the last decade, and this is expected further to double by 2020. As a result of project cancellation followed by the fall in crude oil prices from 2014 to 2016, multiple rounds of industry layoffs were announced that left companies with a reduced number of skilled workers. This increased the dependence of oil companies on automation to complete processes without any delay.

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