High-end technology the way to go for oil and gas industry

KUALA LUMPUR: As the landscape in the exploration and production (E&P) for oil and gas (O&G) becomes increasingly challenging, the players in the industry are looking at various methods such as employing high-end technology to bring costs down.

At a plenary session at the Offshore Technology Conference Asia 2014, a panel of experts cited various reasons that drove up costs. Among them were the expensive oil and gas assets, higher talent costs and a more challenging operating environment.