Report Description

Global Digital Oilfield Market By Process (Drilling Optimization, Production Optimization, Reservoir Optimization, and Others), By Solution (Instrumentation & Automation Vs. IT Services), By Region, Competition Forecast & Opportunities, 2013–2023

  • Publish Date:August, 2018
  • Format : PDF
  • Pages : 154
  • Industry : Oil and Gas

Global digital oilfield market stood at over $ 14 billion in 2017 and is forecast to surpass $ 18 billion by 2023. Anticipated growth in the market can be attributed to increasing demand for oil and gas, rising investment in offshore exploration & production activities and growing consolidation in the digital oilfield industry. Moreover, rising need to reduce downtime and non-productive time by real time monitoring of operations is further expected to fuel demand for digital oilfield across the globe in the coming years. Additionally, anticipated rise in crude oil prices and innovations in digital oilfield technologies is likely to steer market growth during the forecast period.

Years Considered for this Report:

Historical Years: 2013-2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019–2023

Objective of the Study:

The primary objective of the study was to understand and gain insights about global digital oilfield market and their segmental analysis by process, by solution, by region, and forecast its market by 2023.

  • To estimate, calculate and forecast market size for global digital oilfield market.
  • To segment and forecast global digital oilfield market by Process such as Drilling Optimization, Production Optimization, Reservoir optimization & Others.
  • To categorize and forecast global digital oilfield market by Regions such as North America, Europe, Middle East & Africa, Asia-Pacific & South America.
  • To identify major drivers & challenges for global digital oilfield market
  • To identify major trends in the global digital oilfield market.To profile major companies in the global digital oilfield market.


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Few of the major players operating in the global digital oilfield market include Schlumberger Limited, The Halliburton Company, Baker Hughes, Weatherford International Plc, Sinopec Oilfield Service Corporation, Rockwell Automation, Inc., Honeywell International Inc., Accenture PLC, Siemens AG, and International Business Machines (IBM) Corporation.

To analyze and forecast the global digital oilfield market, both top-down and bottom-up approaches have been used. Multiple employees from the following companies have been interviewed through telephonic conversations to extract and verify the information being collected at the source. A brief study of the major players operating in the global digital oilfield market was directed, which includes analysis of information such as ongoing projects, followed by the details of expected year of commissioning and estimated investments along with the expansion plans of various projects across the world. Moreover, detailed and in-depth scrutiny of information was done to understand each policy or external or internal factor which can affect growth in the digital oilfield market, globally.

To extract data, primary surveys were conducted with key players and stakeholders in the industry. The future plans of major players were studied and projects which have commissioned were identified. Various secondary sources such as white papers and secondary literature on BP Statistics, IEA, World Oil, UN Comtrade, International Monetary Fund, World Bank, company websites & annual reports, etc. were also studied by TechSci Research.

 

Key Target Audience:

  • Digital oilfield service providers
  • Oil and gas exploration & production companies
  • Organizations, forums and alliances related to the digital oilfield market
  • Government bodies such as regulating authorities and policy makers
  • Market research and consulting firms

The study is essential in delivering useful information to industry stakeholders such as companies operating in the digital oilfield market. The report also provides useful insights about which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth opportunities.

Report Scope:

In this report, the global digital oilfield market has been segmented into the following categories in addition to the industry trends which have also been detailed below:

  •       Market, By Process:

o    Production Optimization

o    Drilling Optimization

o    Reservoir Optimization

o    Others

  •       Market, By Solution:

oInstrumentation & Automation

o    IT Services

  •       Market, By Region:

o    North America

o    Europe

o    Middle East & Africa

o    Asia Pacific

o    South America

  •       Market, By Company:

o    Schlumberger Limited

o    The Halliburton Company

o    Baker Hughes

o    Weatherford International Plc

o    Sinopec Oilfield Service Corporation

o    Others

Competitive Landscape

Competition Benchmarking: Benchmarking of leading 10 players on the basis of solutions offered by them.

Company Profiles: Detailed analysis of the major companies present in global digital oilfield market

Available Customizations:

With the given market data, TechSci Research offers customizations according to company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
In case of you can’t find what you are looking for, then please get in touch with our custom research team at sales@techsciresearch.com