South America digital oilfield
market was valued at $ 0.84 billion in 2016, and is projected to grow at a CAGR
of over 6%, in value terms, to reach $ 1.22 billion by 2022. Brazil dominates
the region’s digital oilfield solutions market. During the forecast period,
growth in global digital oilfield market can be attributed to surging energy
demand coupled with decreasing mature fields production, which is expected to
push upstream companies to improve recovery rates by the use of digital oilfield
technologies. In addition, firming crude oil prices is expected to compel
companies to start their CAPEX cycle again resulting in increased demand for
digital oilfield solutions.
Years considered for this report:
- Historical Years:
- Base Year: 2016
- Estimated Year: 2017
- Forecast Period:
Objective of the Study:
- To analyze and forecast
the market size of South America digital oilfield, in terms of value.
- To classify and forecast
South America digital oilfield market on the basis of process, solution
and regional distribution.
- To identify drivers,
challenges and opportunities available in the market for digital oilfield
in South America.
- To examine competitive
developments such as digital oilfield contracts in South America digital
- To strategically profile
the leading manufacturers, distributors and importers in the market which
cater to the South America digital oilfield market.
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Few of the
leading players in South America digital oilfield market include Schlumberger
Limited, Halliburton, Baker Hughes Incorporated, Honeywell International Inc, Sinopec
Oilfield Service Corporation, Weatherford International plc, International
Business Machines (IBM) Corporation, and Accenture PLC.
TechSci Research carried out South America digital oilfield
market study by considering various aspects of the market. In the beginning, a
brief study was conducted to understand each aspect of market outlook such as
drivers, challenges, trends and various other factors affecting the market.
Moreover, an in-depth analysis was conducted to understand South America digital oilfield
market scenario and to gauge the competitive scenario.
detailed scrutiny of by process, by solution, and by country markets for South
America digital oilfield market was conducted. In order to extract
the data for South America digital oilfield market, primary research surveys were
conducted with key opinion leaders, digital oilfield solutions providers, digital
oilfield software & service vendors, distributors, and channel partners to
understand historical and present trends.
assumptions, TechSci research dedicated team of industry experts has
comprehensively monitored and analysed various aspects of South America digital
oilfield market. TechSci research team has analysed various segments and
speculated a positive future for South America digital oilfield market and
subsequent countries. Moreover, various secondary sources were utilized for
preparing this report such as SPE South America, HARTENERGY, EIA, and databases
such as company annual reports, financial reports, proprietary databases,
Key Target Audience:
- Digital oilfield service providers, IT companies,
network & electronic hardware manufacturers, communication service
providers, automation solution providers, resellers and channel partners,
EPC contractors and sub-contractors
- Customers (national oil companies, oil & gas
- Research organizations and consulting companies
- Associations, organizations, forums and alliances
related to digital oilfield technologies
- Government bodies such as regulating authorities and
The study is useful in providing answers to past,
current and future adoption of digital oilfield technologies and solutions in South
America digital oilfield market. This study helps in analysing specific country
adoption trend of digital oilfield solutions which are useful for industry
stakeholders such as oilfield service providers, IT companies, network &
electronic hardware manufacturers, communication service providers, automation
solution providers, resellers and channel partners, EPC contractors and
sub-contractors, regulatory bodies, and customers (national oil companies, oil
& gas multinationals).
In this report,
the South America digital oilfield market has been segmented into the following
categories, in addition to the industry trends which have also been detailed
Market, By Process:
- Drilling Optimization
- Production Optimization
- Reservoir Optimization
Market, By Solution:
- Instrumentation &
- IT Services
Market, By Country:
Benchmarking: Benchmarking of leading
players on the basis of product portfolio.
Company Profiles: Detailed
analysis of the major companies operating in South America digital oilfield market.
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:
- Detailed list of distributors and dealers across all
- Detailed analysis and profiling of additional market
players (up to five).
In case you don’t find what
you are looking for, please get in touch with our custom research team at [email protected]
In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]