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Drilling Robots Battle Low Oil Prices

Drilling Robots Battle Low Oil Prices

Low oil prices are driving operators toward innovations from robotic drilling to advanced seismic imaging, as they restructure and streamline operations to cut down non-productive time (NPT) and shave costs, according to Lux Research. “Contingency costs arising from NPT typically account for about 10 percent to 15 percent of total … Read more »