geoAMPS BLOG

Land Rights & Infrastructure Asset Management Software

Combatting low oil prices through technology

This article also appears on the Oilfield Technology website. The dramatic drop in oil prices created great uncertainty in the world market. The outcome was grim. The price for oil was cut in half. Tens of thousands of workers were laid off. There were company closures and mergers. Scheduled projects were canceled or shelved indefinitely.

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