We are an industry which makes much use of technology. Indeed, the application and development of new technologies has made a radical difference by greatly improving the success rate of drilling (Figure 1).

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To what can we attribute these improvements? As Figure 2 shows very clearly, most oil and gas companies acknowledge that the technology that has made the most significant impact has been the application of (3D) seismic data for improved subsurface targeting.

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So, we can agree that our industry has benefited greatly from the introduction of new technology, especially in the area of geophysics. In fact...

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