Smart Well Industry Boosting the Growth Worldwide: Market Dynamics and Trends, Efficiencies by 2020 –Foresight Research
Market Highlights
The smart well technology allows measuring flows from each producing formation in real time, regulating water injection rates in injection wells. Additionally, smart well technology creates additional economic and environmental benefits, since it allows a reduction in the number of well pads and associated field infrastructure, and also helps meet the requirements of environmental regulations. A recent trend is that of IT integration and digitization of oil fields. The recent fall in oil prices has reduced oilfield services...
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