All Days 2010
DOI: 10.2118/128485-ms
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Technology and Innovation: Do We Do Enough in Our Industry?

Abstract: This paper compares the petroleum industry with other industries from the technology development aspect. The comparison is based on studying financial as well as Research and Development (R&D) investment data for the Fortune 500 companies. Our industry has been coping with increased hydrocarbon demands by responding to increased challenges to find and produce more hydrocarbons through developing new technologies. Some of the historical key technologies in the petroleum industry are reviewed.… Show more

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