Oil and Gas Technology: Seven Things To Be Aware Of Before Buying New Control Tech
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Part of the Oil and Gas Technology series
Oil and gas is one of the most pioneering sectors of global industry. In the past decade we have perfected how to extract oil and gas from solid shale rock formations and started to exploit ancient reserves tens of kilometres below the seabed.
Despite the technological prowess, innovative spirit and imagination that is propelling the industry to greater, hotter and deeper challenges, there is still an almost innate conservatism within the sector when it comes to adopting new technology.
So, in an industry when “if it ain’t broke, don’t fix it” has been a motto to live by since day zero, what are the criteria that will help you decide if, when and why to begin an overhaul of your systems?
In this piece, Asdza Nadleehe proposes seven areas that you should consider before embarking on that new venture….
1) Feasibility & Budget constraints
The first consideration that any technology reformers will have to face up to is the cost of buying and implementing new solutions within the framework of a business unit’s allocated budget.
Once you have identified whether there is the financial breathing space to plan for a new technology purchase, the next step is how much leeway your budget gives you for product selection, and to align your objectives with the right price.
About Oil and Gas Technology : Resource Centre
Oil and gas technology is constantly moving forward.
In this resource centre you will find Oil & Gas IQ’s top rated oil and gas technology content including articles, videos, webinars, podcasts and in-depth reports. You can find the latest content in the sidebar on the right.
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Contributor: Asdza Nadleehe |
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