Operational Digital
Oilfield Solution
Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2016-2026
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Description
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Operational digital oilfield solution is a combination of business process management and
advance information technology, with the initiative to maximize oilfield recovery. The new
digital oilfield concept will eliminate non-productive time and increase productivity by
deploying integrated workflows. Operational digital oilfield market includes “Intelligent
Wells” which have fiber-optic sensors buried in the drilling apparatus that are being
controlled manually by the operators on site or sometimes controlled automatically through
closed loop information systems. These fiber- optic sensors transmit a constant stream of
data about the oil wells and its environment. The digital oilfields also have “advance
alarming” system which predict the performance levels and provide an early indication in
case of potential equipment failure.
Operational digital oilfield solution concept has brought a revolutionary change in the oilfield
market and is projected to grow at an increasing pace in coming years. Some of the major
benefits of this concept include operational efficiency, production optimization,
collaboration, decision support, data integration and workflow automation. The operational
digital oilfield solution market caters to various stakeholders such as oilfield operators,
exploration companies, government & research organizations, energy associations, private
equity investors, and environment research institutes.
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Global Operational Digital Oilfield Solution Market: Drivers and Restraints
Demand for operational digital oilfield solutions is increasing due to limited oil or fuel supply
Report
Description
Report Description
to the growing number of vehicles in the market which is forcing the oil industry to adopt
new and improved technology. Apart from this, shortage of skilled labor in the oil industry
has been a major problem faced by the industry over the last few years. Introduction of
digital oilfield solution will help oil industry to eliminate such problems. Rapid urbanization
and growing dependency on digital medium is also one of the major factors which is driving
the growth of digital oil field market.
The key issue in implementing the digital oil field technology at field level of the organization
is the restriction issues of the operating personnel. It is an entirely novel method of
operation in oilfields and requires proper education and training to the employees for
updating them on time to time basis.
Global Operational Digital Oilfield Solution Market: Segmentation
The global operational digital oilfield market can be segmented as follows:
Global Operational Digital Oilfield SolutionMarket, by Service
•Automation & Instrumentation
•Distributed Control System
•Supervisory Control And Data Acquisition (SCADA)
•Smart Well
•Safety System
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Description
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•Wireless Sensor
•Programmable Logic Controller (PLC)
•Global Operational Digital Oilfield Solution Market, byProcess
•Production Optimization.
•Drilling Optimization.
•Reservoir Optimization.
•Others (Asset management, Safety Management, Maintenance & repair)
Global Digital Oilfield Solution Market: Regional Outlook
Geographically, digital oilfield solutionmarket can be divided in major regions which include
North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan
(APEJ), Japanand the Middle East and Africa (MEA).MEA with its low oil production cost as
compared with current prevailing oil prices of other regions is anticipated to dominate the
global operational digital oilfield solutions market in terms of value during the forecast
period.
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Description
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Global Digital Oilfield SolutionMarket: Key Players
The key players in global digital oilfield solution market are:
•Schlumberger Limited
•Halliburton Company
•Baker Hughes Incorporated
•National Oil well Varco, Inc.
•Weatherford International PLC
•Paradigm Limited
•HIS Inc.
•Point cross Inc.
•Katalyst Data Management
•Rockwell automation
•Siemens AG
•Pason system, Inc.
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