Today, the oil and natural gas industry is driven more by technology and innovation than by resources. Some 25 years ago, a first wave of innovation delivered sustainable technologies such as 3-D seismic and horizontal drilling – and pushed out the ultimate date for so-called “peak oil.” A second wave provided disruptive technologies, such as SAGD and multistage hydraulic fracturing, which resulted in major changes in the market, reduced oil and natural gas prices, and led to the United States becoming Canada’s biggest competitor.

Now a third wave of innovation is fast approaching, and it will have a profound and lasting impact on our sector and will focus on foundational digital technologies, which will result in a seismic shift throughout our sector.

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