Risk management

Oil prices are high, but spending has not caught up—yet. Meanwhile, exploration strategies are changing around the world toward a lower-risk model, and the frenzied pace of US M&A has very much cooled off.
With millions of wells having been drilled in the US since the beginning of the oil age, the land is pocked with old, unused wellbores. For most, repurposing is a pipe dream. Plugging is the best option.
This contributed article highlights the growing importance of fiber-optic sensing and its potential to advance thanks to emerging quantum technologies.

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