Foro Energy developed proprietary and patent-pending fiber laser technologies which could disrupt services and existing procedures for the investigation and production of petroleum and natural gas.
These breakthrough laser technologies were shielded by a powerful intellectual property (IP) portfolio, which supplied Foro with the flexibility to continue several different business models. The market potential for oilfield applications was not small, as worldwide spending in the business O&G E&P, was expected to approach $600 billion in 2012.
PUBLICATION DATE: June 05, 2012 PRODUCT #: 812163-HCB-ENG
This is just an excerpt. This case is about INNOVATION & ENTREPRENEURSHIP
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