It is expected that the industry will reach a value of approximately USD 18 billion by the end of 2022.
Some analysis suggests that companies can increase their profits by nearly 25% through the use of digital oilfields. Digital oilfields also provide access to take expertise to remote locations and lowers the decision time in key processes in spite of geographical boundaries. While there are many advantages to digital oilfields, as with any technology, there are several challenges that prevent the full implementation of digital oilfields from happening. This in-depth report analyzes the technology behind digital oilfields and looks at reasons why they are the future of the oil and gas industry.
An introduction to digital oilfields looks at why oil and gas companies need digital oilfields and the main components of a digital oilfield. We also analyze the role of technology in digital oilfields along with the enabling technologies that are used in digital oilfields. Integration of the digital data and how companies benefit from it is also explored. The general perception of companies towards digital oilfields and how innovation is driving this market are also analyzed in this research report.
Evolution of digital oilfields in the last ten years at par with technology is looked at, followed by the various technologies that are used in a digital oilfield such as remote real-time facility monitoring and control, real-time drilling, intelligent wells, 4-D visualization and modelling techniques, integrated asset models, production volume management systems, etc. The process of implementing a digital oilfield is also described in our report.
Major industry players include Halliburton, Baker Hughes, China National Petroleum, Sinopec, GE, Honeywell and Schlumberger.
Key Topics Covered:
A. Executive Summary
B. Oil & Gas Industry Today
C. Introduction to Digital Oilfields
D. Evolution of Digital Oilfields at par with Technology
E. Technologies of Digital Oilfield
F. How to Implement a Digital Oilfield
G. Countries that are Spearheading the Development of Digital Oilfields
H. Investment in Digital Oilfields
I. Factors Driving the Demand of Digital Oilfield Technologies
J. Economical Drivers of Digital Oilfields
K. Challenges facing the Field of Digital Oilfields
L. Advantages of Digital Oilfields
M. Case Studies
N. Future of Digital Oilfields & Overcoming the Resistance to Digital Oilfields
O. Competition in the Industry & Major Industry Players
- ABB Ltd
- Accenture PLC
- Baker Hughes Incorporated
- China National Offshore Oil
- China National Petroleum Corporation
- China Petroleum & Chemical Corporation (Sinopec)
- China University of Petroleum
- Cisco Systems, Inc.
- Core Laboratories
- Emerson Electric Co.
- General Electric Company
- Halliburton Company
- Honeywell International
- International Business Machines (IBM) Corporation
- Kongsberg Gruppen
- National Oilwell Varco, Inc.
- Pason Systems Corp.
- Rockwell Automation
- Royal Dutch Shell
- Schlumberger Limited
- Siemens AG
- Southwest Petroleum University
- Weatherford International plc
- Wipro Limited
For more information about this report visit https://www.researchandmarkets.com/research/fnmx8z/analyzing_digital