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| High Technology in the Oil and Gas Industry
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| Over the past 50 years, we have seen digital computing technology applied to
every aspect of the Oil and Gas Industry. Indeed, the industry was an early
adopter of digital computing, not only for financial accounting, but also for
engineering and operational applications. Some examples are:
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| Supply chain planning using Linear Programming, which was
initiated in the 1950s;
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| Digital process control, which was started in the 1960s and became
common place by the 1980s;
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| 3D seismic imaging, which began as a supercomputing application in
the 1970s and has significantly changed the way we explore for new resources;
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| EDI procurement, which started in the 1980s and is now a common
application on the Internet;
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| Integrated ERP systems, which were deployed throughout the 1990s
and helped us enter the new millennium without major incident; and
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| Real-time performance management, allowing corporate-wide
operational performance to be viewed in near real-time, is being deployed in
this decade.
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| What's Next? INOVx sees Virtualizations as one of next
technological leaps. In the past we have struggled to reconcile our 3D reality
with 2D representation. Virtualization overcomes this struggle. It eliminates
ambiguity in communications and presents us with a natural way to work.
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