Technology could cut oil and gas costs by 30%

TECHNOLOGICAL advances could reduce average lifestyle costs for oil and gas production by about 30% by 2050 according to BP's first Technology Outlook since 2015.

Technology could cut oil and gas costs by 30% Technology could cut oil and gas costs by 30% Technology could cut oil and gas costs by 30% Technology could cut oil and gas costs by 30% Technology could cut oil and gas costs by 30%

BP’s Technology Outlook sees bright future for LNG transport fuel and decarbonised gas 

 
Taking into account predicted cost-savings, the report found that about US$600 billion investment a year in upstream projects would still be needed to meet projected demand.