Current oil prices remain low and the rig count remains half of what it was at the start of the year. These conditions are causing operators to restructure and streamline operations. Operators are likely to focus on improving drilling efficiency.With many new technologies available, start-ups in the drilling industry that reduce non-productive time – whether replacing personnel, such as Robotic Drilling Systems, or preventing disaster like 5d Oilfield Magnetics – will be the most successful. To understand the impact of these technologies, it is crucial to understand the process of completing a drilling project and identify major pain points.
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