Optimizing operational efficiency

Oil_&_Gas_Financial_Journal_Logo_02Nov15a

As a contributing editor, Seven Lakes Technologies Chief Product Officer Jimmy Sebastian explains the importance to the Oil & Gas indsutry of maximizing operational efficiency, particularly, when prices drop. “Many industries have been guilty of overlooking opportunities for operational efficiency when the tide is high and margins are large, but oil and gas extraction should be on the cutting edge in its application of technology, at least on the production side. The companies that can produce at the lowest cost have always been the winners and technologies that create operational efficiencies should not be overlooked as part of that equation.”

 

“…The question is not if, but where and how to reduce costs, increase production, and improve efficiency. Companies must take a hard look at one of the few factors within their control-the efficiency of their business operations.”

Share the Love

About the Author

You Might also Like

Leave a Reply