The oil and gas industry relies on information and communications technology to meet its business objectives. The industry recognizes that to manage modern oil and gas production, it will be essential to gather comprehensive information on various surface devices, oil wells and pipelines. Through the use of the new technologies such as smart sensors and simulation modelling, change has been brought to the oilfields. The Society of Petroleum Engineers commented in a recent position paper:"Over the next decade the way in which we understand our reservoirs, identify development options, manage and optimize our oil wells, facilities and associated production, will all change radically".
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