Digital Oilfield (DOF) Market Share, Dynamics and Business Development Strategy 2017-2022
© Satish Inamdar
Global Digital Oilfield (DOF) Market is estimated to grow at a significant CAGR over the forecast period. Digital Oilfield (DOF) is building association between several processes in the gas & oil. This permits improved monitoring, control and surveillance over the developments in oil production & exploration. In the process, manufacture optimization is anticipated to lead the market over the forecast period driven by the demand from oilfield operators targeting low rate crude production. The digital oilfield solutions maintain the Exploration & Production actions of a corporation, providing optimal reservoir management. A classic oil rig produces about 1 Terabyte of data each day and digital oilfield solutions allow a real time monitoring and rapid analysis of Exploration & Production data, resulting fast decision making.
Browse Digital Oilfield (DOF) Market Report with TOC @ https://www.millioninsights.com/industry-reports/digital-oilfield-dof-market
The purpose of the digital oilfield is to maximize oilfield recovery, eradicate non-productive time, and raise profitability through the plan and deployment of combined workflows. Digital oilfield workflows syndicate business process management with engineering expertise and advanced information technology to streamline and, in several cases, computerize the accomplishment of tasks executed by cross-functional teams.
The industry’s inclination and efforts to enhance upstream asset is one of the major drivers for the global digital oilfield market. Additionally, the retrieval in crude oil price after recent dropping is also expected to drive investments in digital oilfield market. Moreover, given the perilous nature of the oil & gas industry, the anxieties over safety of human resource as well as on environment are increasing among the mishaps happened over the past few years in the industry. Growing E&P activities in regions such as Eastern Siberian, where extreme weather circumstances possess a challenge to work, is also anticipated to contribute towards the global digital oilfield market.
Market segment by Type, Digital Oilfield can be split into
• Instrumentation & Automation
• IT Services
• Other
Market segment by Application, Digital Oilfield can be split into
• Drilling Optimization
• Production Optimization
• Reservoir Optimization
• Other
The key players in global digital oilfield market includes Baker Hughes Inc., Schlumberger Ltd., Honeywell International, Halliburton Company, Paradigm Limited, Pason Systems Inc., Petrolink Services Inc.,Pointcross Inc., Kongsberg GruppenAsa, National Oilwell Varco, Inc., and Oleumtech Corporation. Digital oilfield market valuation for several segments was attained by using provincial rig data, digital oilfield operations in several geographies and systematic investments of service providers and operators. Finally, the global standards were attained by alliance of markets for separate regions.
Companies like Baker Hughes (U.S.), Paradigm (U.S.), Schlumberger Limited (U.S.), Konsberg Oil & Gas Technologies AS (Norway) have been the most vigorous companies in terms of strategic growths during January 2011 to September 2014. Maximum of these companies are existing in North America and have been vigorously contributing in competitive developments.
Request a Sample Copy of Digital Oilfield (DOF) Market Report @ https://www.millioninsights.com/industry-reports/digital-oilfield-dof-market/request-sample
Market segment by Regions/Countries, this report covers
• United States
• EU
• Japan
• China
• India
• Southeast Asia
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At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.
Contact Person:
Ryan Manuel
Research Support Specialist, USA
Email: ryan@millioninsights.com
Million Insights
Office No. 302, 3rd Floor, Manikchand Galleria,
Model Colony, Shivaji Nagar, Pune, MH, 411016 India
Phone: 91-20-65300184
Email: sales@millioninsights.com
Browse Digital Oilfield (DOF) Market Report with TOC @ https://www.millioninsights.com/industry-reports/digital-oilfield-dof-market
The purpose of the digital oilfield is to maximize oilfield recovery, eradicate non-productive time, and raise profitability through the plan and deployment of combined workflows. Digital oilfield workflows syndicate business process management with engineering expertise and advanced information technology to streamline and, in several cases, computerize the accomplishment of tasks executed by cross-functional teams.
The industry’s inclination and efforts to enhance upstream asset is one of the major drivers for the global digital oilfield market. Additionally, the retrieval in crude oil price after recent dropping is also expected to drive investments in digital oilfield market. Moreover, given the perilous nature of the oil & gas industry, the anxieties over safety of human resource as well as on environment are increasing among the mishaps happened over the past few years in the industry. Growing E&P activities in regions such as Eastern Siberian, where extreme weather circumstances possess a challenge to work, is also anticipated to contribute towards the global digital oilfield market.
Market segment by Type, Digital Oilfield can be split into
• Instrumentation & Automation
• IT Services
• Other
Market segment by Application, Digital Oilfield can be split into
• Drilling Optimization
• Production Optimization
• Reservoir Optimization
• Other
The key players in global digital oilfield market includes Baker Hughes Inc., Schlumberger Ltd., Honeywell International, Halliburton Company, Paradigm Limited, Pason Systems Inc., Petrolink Services Inc.,Pointcross Inc., Kongsberg GruppenAsa, National Oilwell Varco, Inc., and Oleumtech Corporation. Digital oilfield market valuation for several segments was attained by using provincial rig data, digital oilfield operations in several geographies and systematic investments of service providers and operators. Finally, the global standards were attained by alliance of markets for separate regions.
Companies like Baker Hughes (U.S.), Paradigm (U.S.), Schlumberger Limited (U.S.), Konsberg Oil & Gas Technologies AS (Norway) have been the most vigorous companies in terms of strategic growths during January 2011 to September 2014. Maximum of these companies are existing in North America and have been vigorously contributing in competitive developments.
Request a Sample Copy of Digital Oilfield (DOF) Market Report @ https://www.millioninsights.com/industry-reports/digital-oilfield-dof-market/request-sample
Market segment by Regions/Countries, this report covers
• United States
• EU
• Japan
• China
• India
• Southeast Asia
Visit Our Blog: https://marketfuturereports.wordpress.com
Get in touch
At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.
Contact Person:
Ryan Manuel
Research Support Specialist, USA
Email: ryan@millioninsights.com
Million Insights
Office No. 302, 3rd Floor, Manikchand Galleria,
Model Colony, Shivaji Nagar, Pune, MH, 411016 India
Phone: 91-20-65300184
Email: sales@millioninsights.com