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• Drilling geometries have become much more complex resulting in higher rates, recoveries, and lower costs

• Advances in and wider use of hydrofracing are core to non-conventional oil and gas developments, especially shale gas plays and tight gas fields

• Advances in offshore production technology of all types are extending the industry’s reach and lowing its costs , especially as the E&P industry looks to deeper water

• Improvements in seismic continue to lead to breakthroughs in exploration and production, and have been directly responsible for the discovery of large subsalt reserves in the Gulf of Mexico and offshore Brazil

• Enhanced oil recovery, such as CO2, steam injection, miscible flooding and other technologies are increasingly being used to extract more oil from already producing fields