December 2014, Vol. 241, No. 12
Features
Navigating The Petroleum Measurement Perfect Storm
A “boom paradox” is creating the perfect storm in liquids hydrocarbons measurement. Baby boomers hired during an earlier peak in the industry are retiring. Exiting with them is vast knowledge in areas such as measurement. Thanks mainly to shale plays, the industry is booming and new players are entering the market. Simultaneously, the industry is in the process of implementing significantly updated measurement standards. Can measurement operations ride out the storm? The baby boomers were hired during the good times that lasted into the early 1980s. When oil prices dropped from $35 a barrel to as low as $10, companies responded with hiring freezes and layoffs that stretched well
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