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Driving Operational Efficiency with Intelligent Asset Management

From GE Intelligent Platforms

Global demand for oil and gas continues to increase, and exploration and production (E&P) companies are investing heavily, drilling in deeper waters and taking on greater financial and operational risks in an effort to increase supply, lower operating costs, and increase the rate of discovery for natural resources. The industry faces several challenges, including price instability, an aging technology infrastructure, a declining experienced workforce, and regulatory requirements, aside from the increasingly complex nature of their operations.

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