Technology's widespread application ranges from onshore shale developments to offshore deep-water drilling as oil majors are under pressure from investors worldwide to pull back spiralling expenses of ambitious mega-projects, panelists told the 21st World Petroleum Congress.
"Through history it's made a significant impact on what we've been able to develop as an industry," Sara Ortwein, president of ExxonMobil upstream research, said of new innovation.
Proprietary
