Amid Oil Price Volatility, the Oil & Gas Exploration Industry Accelerates Transition to Technology-Driven Development
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Affected by volatile international oil prices, the global oil and gas sector is speeding up its shift from scale expansion to technology-driven growth. Recently, numerous energy enterprises have ramped up investment in exploration technologies for deep and ultra-deep oil and gas reservoirs. By adopting high-precision seismic exploration, intelligent drilling and other advanced solutions, companies are cutting development costs and boosting exploration efficiency.
Domestically, historic breakthroughs have been achieved in the exploration and development of medium-to-low maturity shale oil. R&D teams have overcome world-class challenges including complex structures and reservoir reconstruction in continental rift basins, and established six major core technology series. The localization rate of key equipment has exceeded 95%. Against market fluctuations, technological innovation has emerged as the core competitiveness for the oil and gas industry to safeguard energy security and pursue sustainable development.
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Weihai Sunfull Geophysical Exploration Equipment Co.,Ltd
No. 1517-7, Hexing Road, High-tech Industrial Development Zone, Weihai City, Shandong Province, China