October 2020

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Digital: Enable reliable operations in a volatile oil and gas market

Hydrocarbon processing businesses increase profitability and survivability by optimizing production and/or reducing expenses to maximize profitability—or in the extreme, cash flow.

Covino, L., GE Digital

Hydrocarbon processing businesses increase profitability and survivability by optimizing production and/or reducing expenses to maximize profitability—or in the extreme, cash flow. This is vital today as oil and gas operating conditions are being affected by both the volatility in global prices, the resultant production impacts and the global pandemic. Surviving, if not thriving, in these conditions requires taking advantage of all available resources. Operators must leverage technology and analytics to understand and uncover risks to their operations. The use of asset data and its application to equipment maintenance and daily operation offer a huge benefit for margin improvement. Viewing

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