The oil industry in Kuwait is increasingly adopting new technologies in its daily operations, according to an official statement released on Wednesday. The Kuwaiti official highlighted the significance of these advancements, noting that the oil ministry has been steering its efforts towards a digitalized future, transforming not only the production processes but also the entirety of resource management and operational efficiency.
1. The Kuwaiti oil industry is increasingly implementing new technologies in daily operations.
2. Technological advancements are shifting the oil ministry's efforts towards a digital future, altering the entirety of resource management and operational efficiency.
3. The use of these advancements has enabled the industry to streamline various processes, improve productivity, and decrease operational costs.
4. State-of-the-art technologies are not just an option but a necessity in today's competitive oil industry, providing a competitive edge and ensuring safety of operations.
5. The industry is directed towards reducing harmful environmental impact and is consistently exploring the incorporation of more technological advancements in daily operations.
In 2020, approximately 50% of oil companies in Kuwait had started using digital technologies in their operations.
Managed to streamline various processes, boost productivity, and reduce operational costs. The Kuwaiti official emphasized that the use of state-of-the-art technologies is no longer an option but a necessity in today's highly competitive oil industry. Not only do these technologies provide a competitive edge, but they also ensure the safety of operations and the reduction of harmful environmental impact. Therefore, they are continuously looking into incorporating more technological advancements into their daily operations.