Oil Companies don’t make that much money

Here you have it, straight from Forbes on the 5 facts everyone should know about Oil Exploration:

“Oil companies don’t really make that much money…. This is an incredibly capital-intensive industry….Frankly, it’s a miracle anyone wants to be in this business at all. I truly think the major oil companies are underpaid. The risk-adjusted returns are crap compared to most sectors.”

Sounds to me like an industry that could really leverage better real time communications to de-risk the business & access technical know-how anywhere it is in the world.

http://www.forbes.com/sites/quora/2013/04/03/what-are-the-top-five-facts-everyone-should-know-about-oil-exploration/

Leave a Reply