Production optimization is a multivariable problem, and operators have options to solve it. The oil and gas industry as a whole is underperforming. According to research by McKinsey Co., the average offshore platform is only realizing 77% of its full production potential. Multiply that across the industry, and that's 10 MMbbl of oil lost every day to operational inefficiencies and $200 billion in potential annual revenue down the drain.
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