ArcelorMittal officials said that during the seasonal slowdown in the demand for steel, it has cut production at certain locations in order tooptimize the production flows and to align the production capacities to demand.
In the long run, British Petroleum is also looking at bringing larger production vessels in, create a more permanent connection that can be disconnected easily in case we have a hurricane or bad weather later on in the hurricane season, and will continue tooptimize the production out of the well to contain it.
Lufkin also provides a wide array of automation systems for oil and gas wells tooptimize their artificial lift technologies with an ultimate objective to reduce production costs.