This is not only to say that technology represents an efficiency factor within the oil industry, but also that through the application of new technological advances one can have the primary benefit of being able to improve the different divisions within the oil industry supply chain.
There are cutting-edge technologies such as automation of the most important processes carried out within the oil industry such as exploration and production, which has been implemented with the firm purpose of optimizing costs in the production of hidorcarbons.
This technological environment also needs a different vision and perspective, a vision that not only contemplates the feasibility based on technology, but also opens an environment where this business is profitable despite the competitive variability in prices, where the supply and demand of oil volumes play an important role, but the variable with the most impact is the political game behind this business.
It is incredible to see that at present certain technological advances within the oil industry represent a challenge for the large companies in charge of this business, and it is a challenge because there are really many people involved who must be convinced of the importance of the technological revolution so that the possibility of continuing with the exploitation of hydrocarbons in spite of low oil prices becomes viable.
I think that as the oil business becomes less profitable due to the low demand for this type of energy at the same time, technological proposals will emerge that will be very tentative, but at the same time very difficult to assimilate due to their new and innovative characteristics.
Perhaps it sounds strange to say that the oil business is currently cherry on top of a very fine thread, for the simple fact that the global and geopolitical willingness to use clean and renewable energy, this coupled with low oil prices have made innovative technology the only salvation to assess the possibility of a resurgence of this business that for years has been the only way of survival of many countries.