Barclays Adds Machfu to Emerging Landscape of Innovation in Digital Oilfield Services

Barclays has been tracking digital technology as it matures toward scalability in the workflow of oil and gas operations and the names investors should pay attention to. Since publishing its first comprehensive report on the nascent Digital Oilfield Services market in January 2020, Barclays has added Machfu to the list of start-up technology companies that comprise the broader digital landscape that have moved beyond the proof of concept stage and are increasingly becoming part of the workflow in every phase of the well lifecycle.

Barclays believes that over the next several years, digital solutions could be pulled ahead as broader acceptance gains momentum and every capex dollar becomes increasingly important. Read the full Barclays report here.

Also Read: How necessary is Industrial IoT Application for your business?

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