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New Technology Magazine Compares the Oil & Gas Industry to the Forest Sector.

February 6th, 2012

"You're dealing with large blocks of land, you're dealing with uncertainty. It's a natural resource value base so there is a degree of variability from well to well, site to site and deposit to deposit, just as there are from one stand of forest to another," says Kevin O'Marah, a Remsoft advisor who is also a senior research fellow in the global supply chain forum at Stanford University, Now, he says, the upstream in oil and gas and energy can do the same types of things that have been done in forestry  with Remsoft's products, which is making the right decisions. "How much is it worth? When should I invest in additional capital to access these resources? When should I bring it to market? When is the price of the product, once it's all the way through the value chain, most opportune for me to go ahead and tap that resource? Clearly that applies to drilling for oil or tapping a natural gas field."

Click to read how Alberta’s West Frasier Mills use of Remsoft’s spatial optimization technology can easily be applied to Oil & Gas.


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