Oil and Gas Technology Market Drivers

 

Oil and Gas Technology has added at least 25 million barrels per day more oil which translates into $620 billion per year. Despite this vast improvement the returns from innovation have not accrued to the technology innovator. There are many technology opportunities available today as even the most advanced oil technologies leave 50 – 75% of the oil or gas reservoir in the ground. The rise in commodity prices provide a huge incentive for innovators and small agile operators to develop and implement new technologies. Octane believes there is opportunity in this market adoption lag. Investments in technology companies that have proven technology but have not been adopted will yield superior returns.

 
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