Tech uptake a silver lining from the downturn: IFS 

THE downturn in the Australian resources sector is spurring investment in new digital technologies as oil and gas companies seek to run their operations cost-effectively by capturing and analysing data more efficiently, according to IFS CEO Alistair Sorbie, who was in Australia this week.

Tech uptake a silver lining from the downturn: IFS  Tech uptake a silver lining from the downturn: IFS  Tech uptake a silver lining from the downturn: IFS  Tech uptake a silver lining from the downturn: IFS  Tech uptake a silver lining from the downturn: IFS 

IFS CEO Alastair Sorbie

 
 
The near halving in the oil price since mid-2014 has focused minds on asset performance across a range of operations, from monitoring in remote onshore locations to analysing rig data using sensor equipment which can gather data more easily, cheaply and swiftly than in the past, IFS said. 
 
"The cost of many technologies has come down in the last five years, such as the use of sensors linked to satellites as well as the development of artificial intelligence. Technology can give companies agility and resilience for future operations," Sorbie told <i>Energy News</i>.  
 
Access to digital technologies is now more prevalent across the industry enabling real-time...