At Chevron, Digital Technology Spouts Gusher of Savings
At Chevron, Digital Technology Spouts Gusher of Savings Some Fortune 500 companies wait years to learn whether their expenditures on newfangled technologies translate into cost savings and increased efficiencies. Thats not the case with Chevron. The San Ramon, Calif.-based oil and gas giant is already saving several hundred million dollars in annual operating costs, thanks to its version of a digital oil field, the "i-field," shorthand for "intelligent field." And the company is on track to save up to a billion dollars a year when the i-field and a broader operational overhaul are fully implemented in 2016. //news.yahoo.com/chevron-digital-technology-spouts-gusher-savings-202006214.html
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