Global Remote Well Site Monitoring, Alerting and Reporting Services 2018-2023 - ResearchAndMarkets.com

DUBLIN--()--The "Global Remote Well Site Monitoring, Alerting and Reporting Services Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The ability to reduce the operating costs coupled with increasing oil & gas upstream activity is expected to drive the market, during the forecast period.

After the oil price crisis in 2014, a majority of exploration & petroleum companies, who had invested heavily in exploration and production activity, suffered severe losses as the oil prices dropped well below the breakeven oil prices for these organizations. Hence, since 2014, the industry's focus was on reduction in the operating costs. As a result, in last three years, the breakeven prices, particularly for the offshore oil fields and shale oil production have reduced substantially.

Many organizations during this period adopted the digital oilfield solutions, such as remote well site monitoring, alerting, and reporting because of their ability to reduce the operation costs by helping with faster decision making, improving the productivity of the workforce and assisting with the Asset Integrity Management (AIM), essential in current lower for longer oil price scenario. The prices have started to recover since 2016, but are not expected to reach 2013 level during the forecast period. Hence, the operators are expected to further explore the ways to reduce the operating costs, which in turn is expected to drive the market during the forecast period.

Key Developments in the Market

  • Mar 2017: Schlumberger announced the introduction of production lifecycle management services, Lift IQ. Under Lift IQ, the company will provide monitoring, diagnostic and optimization of artificial lift systems by collection, transmission, evaluation and interpretation of artificial lifts on client's production wells to improve the production efficiency and reduce the operating costs

Key Topics Covered

1. Executive Summary

2. Research Methodology

3. Market Overview

4. Market Dynamics

5. Value Chain Analysis

6. Industry Attractiveness - Porter's Five Forces Analysis

7. Market Segmentation and Analysis

8. Regional Market Analysis

9. Key Company Analysis

  • Baker Hughes
  • A GE Company
  • Halliburton Company
  • National OilWell Varco
  • Schlumberger Limited
  • Osprey Informatics
  • Bluetick Inc
  • Petrocloud LLC
  • Weatherford International

10. Competitive Landscape

For more information about this report visit https://www.researchandmarkets.com/research/7rfz8n/global_remote?w=4

Contacts

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Laura Wood, Senior Manager
press@researchandmarkets.com
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Related Topics: Oil and Gas Exploration and Production

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Oil and Gas Exploration and Production