Technology grows exponentially for oil and gas industry

摘要

Innovations in the offshore industry show just how quickly technology advances to meet new challenges. In the December issue each year, E&P looks back on the new technology that was introduced to the oil and gas industry during the year. The number of innovations grows exponentially with the challenges that the industry faces. A few years ago, one of the National Oilwell Varco companies reprinted a price list for Oil Well Supply Co. of Bradford and Oil City, Pa., dated Oct. 1, 1884 - 128 years ago. At that time, you could buy a complete drilling rig for US $3,111.45 to drill a well 304.8 m (1,000 ft) deep. Of course, it was made of hemlock. The hardwood timbers could be "put together with spikes and nails."