HomeNews & AdviceEngineering NewsAdvances in technology could cut life cycle costs of producing oil and gas by nearly a third by 2050

Advances in technology could cut life cycle costs of producing oil and gas by nearly a third by 2050

16th March 2018 RMS Manager

According to BP’s Technology Outlook 2018, recoverable reserves from the Middle East, which holds the largest oil resources, could be increased by 50 per cent.

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Advances in technology could cut life cycle costs of producing oil and gas by nearly a third by 2050