hollowed logs to transport oil, gas, and other produced substances to cities for illumination and to the first crude oil refineries.
When global demand skyrockets and prices rise toward $500 per barrel, new technologies will once again be critical in meeting the increasing production needs. Let’s examine a few recent examples of technology over the last few decades that have changed the trajectory of oil and gas exploration and production worldwide.
Coil Tubing
Schlumberger – the world’s largest oilfield-services company – describes coiled tubing as “a continuous length of small-diameter steel pipe on a reel.”
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