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Connected Oilfield Services Market

  • ID: 3876774
  • Report
  • September 2016
  • Region: Global
  • 111 Pages
  • Frost & Sullivan
Disrupting a $250 Billion Market, a Fragmented Ecosystem Looks at Convergence Amid Volatile Oil Prices
The recent decline in oil prices has put the brakes on a few technology investments; however, it has also created a need for greater efficiency in the oil and gas sector. Most oil and gas companies are operating assets in challenging conditions across multiple regions. Ensuring operational efficiency through the greater use of technology is therefore of paramount importance, and this research service highlights future solutions that could help achieve greater efficiency.

Executive Summary:

1. Top 5 Things a CEO Should Know
2. Executive Summary
3. 5 Trends that Define the Future of the Market
4. The Next Big Thing(s) in the Market
5. Snapshot of Top Opportunities for AI in the Oil and Gas Industry
6. Convergence of People, Process, and Technology Creates a Vortex of Change
7. Connected Oilfield Services—Game Changers and Their Impact on Future Landscape
8. Associated Research and Multimedia on Energy and Environment
Note: Product cover images may vary from those shown
1. Executive Summary
  • Top 5 Things a CEO Should Know
  • Executive Summary
  • 5 Trends that Define the Future of the Market
  • The Next Big Thing(s) in the Market
  • Snapshot of Top Opportunities for AI in the Oil and Gas Industry
  • Convergence of People, Process, and Technology Creates a Vortex of Change
  • Connected Oilfield Services-Game Changers and Their Impact on Future Landscape
  • Associated Research and Multimedia on Energy and Environment
2. Introduction-Scope and Segmentation
  • Scope of the Study
  • Product Definitions
3. Business Issue-Inefficiencies Expose Pressure Points
  • Oilfield Services Definition
  • Pressure Point 1-Asset Availability
  • Pressure Point 2-Cost of Core Services
  • Pressure Point 3-Protecting Operational Margins
  • Tectonic Shifts Witnessed in the Oilfield Industry
  • Why do Oilfields Need Smart Services?
  • Ecosystem-The Who’s Who of the Market
4. Growth Opportunities-Demand for Responsive and Connected Oilfield Services
  • Technology Convergence Trends to Drive Out Inefficiencies
  • Defining the Reality of Connected Oilfield Services
  • Connected Oilfield Services-Deep Architecture; Wide Structure
  • Challenges Faced by the Oil Industry and its Connectedness
  • Connected Oilfield Services-Multi-level IT-OT Architecture
  • Connected Oilfield Services-Totally Integrated Digital Oilfield
  • Connected Oilfield Services-Growth Opportunities 1
  • Connected Oilfield Services-Growth Opportunities 2
  • Outcomes of Smart Oilfields-Driving Throughput Efficiencies
  • Industry Partnerships Drive Oilfield Efficiencies
  • Use Case 1-Production Efficiencies - BP + GE Predix
  • Connected Oilfield Services Impact Predictive Asset Management
  • Use Case 2-Predictive Asset Management - IBM Smart Solutions
  • Connected Oilfield Services Need a Pore-to-Pipeline Portfolio
  • Use Case 3-Asset Performance - Schlumberger + Cameron
  • Connected Oilfield Services Impact Production Cost Efficiencies
  • Use Case 4-Production Cost Efficiencies - SAP SE + Mobility
5. Strategy and Insight 1-Connected Platform Solution
  • Industry Pressure Points Drive Consolidation in Oilfield Services Platforms
  • Elements of Digital Oilfield-Bringing Together the Siloes
  • Industry Challenges Fire Innovation in Oilfield Services
  • Implications of Platform Adoption for Oilfield Services
  • Platforms Play a Key Role in Connecting Oilfield Services Stakeholders
  • Single Platform is the New Need
  • Ecosystem-The Who’s Who of the Market
  • Ecosystem-Mergers and Acquisitions
  • Use Case 1-GE and its Positioning as a Full Stream Service Provider
  • Use Case 2-Halliburton Utilises Cloud Services to Optimise Recovery
6. Strategy and Insight 2-50% OEM Revenue from Services
  • Smart Solutions to Connect Oilfield Service Equipment
  • Oilfield Operators-Low Commodity Prices Challenge the Traditional Business Model and Drive New Business Models
  • Transforming the Business Models of Equipment Manufacturers
  • What Should Equipment Manufacturers Do?
  • Business Model Transformation Benefits to OEMs in the Oilfield
  • Asset Classes and Analytical Services Offered (Partial Listing)
  • Use Case-Chevron Monitors Performance by Predictive Maintenance
7. Strategy and Insight 3-Capital and Asset Inefficiency Drive Portfolio Transformation
  • Top 5 Objectives of Oil Operators in the Short Term for Automation
  • Oilfield Operator Expectations from Automation Companies
  • Technologies and Domain Expertise Turn MAC into MIC
  • CAMP Index for the Automation Sector in the Market
  • Automation Portfolio Expansion to Drive Smart Business
  • Mergers and Acquisitions of Automation Companies in the Oilfield
  • Industry Partnerships Drive Portfolio Expansion
  • Use Case 1-Changing Trends - Core Automation Moving into Analytics
  • Use Case 2-New Market Alliances Forming - Analytics PaaS
  • Use Case 3-Predictive Analytics Helps Reduce Failures and Downtime
8. Strategy and Insight 4-Emergence of Cognitive VA Platforms
  • IT Applications Evolution in the Oilfield Industry - AI Takes Over
  • The Arrival of ML and AI in Oilfield Services - Timely and Disruptive
  • Applications of AI and VA across the Value Chain
  • Business Model Transformation - from Cloud to AI
  • AI is the New Reality
  • AI Architecture in Oilfield Services
  • Neural Networks Become Stronger in the Oilfield
  • Cognitive Computing Enables Optimisation
  • ML Application in Oilfield Services
  • Industry Partnerships Drive AI Penetration
  • Use Case 1-AI Assists in Reservoir Management
  • Use Case 2-Production Optimisation for Complex Fields
  • Use Case 3-Convergence Brings AI to Oilfield Services
  • Use Case 4-Repsol and IBM Collaborate on Cognitive Technologies
  • Use Case 5-Finding New Reserves with New Technological Frontiers
  • AI and ML Ecosystem
9. Top Recommendations
  • Top Recommendations
  • Legal Disclaimer
10. Appendix
  • Learn More-Next Steps
Note: Product cover images may vary from those shown