To streamline data collection, validation, surveillance, and notification processes.
Close the gap between decision making and execution in the field.
Increase operational insight and create accurate production plans.
Improve business and compliance processes for revenue, land and financial functions.
Global Digital Oil Field Services market is expected to grow at a CAGR of 6 percent up to 2022. Advantages of Digital Oil Field services like efficiency, prolonged well life and operational capabilities in high risk locations are driving the market, while high initial investment is strangling it.
The exploration activity for new oil and gas resources has been increased in recent years. North America is poised to lead the digital oil field services market in the coming decade as a result of increased deep water exploration activity in some areas such as Gulf of Mexico and in shale areas. Service providers and manufacturing companies are actively looking in to regions like North America and Asia-Pacific as these regions have found huge shale reserves and huge exploration activity is undergoing or planned in the coming decade.
Europe has a decent market opportunity for digital oil field services market as the North Sea exploration activity has been moved to much deeper waters and these operations require very complex and accurate measuring systems in the fields daily operations. Ability to operate in tougher environmental conditions, increasing investments in exploration activities across the globe are driving the market and on the flip side lack of skilled labor, high initial investments are some of the factors constraining the market from growth.
This report extensively analyzes the Digital Oil Field Services market by segmenting it based on geography, processes (Reservoir Optimization, Production Optimization, Drilling Optimization and others) and services. Key drivers and restraints that are effecting the growth of this market were discussed in detail. The study also elucidates on competitive landscape and key market players.
2. Research Methodology
3. Markets Covered
4. Market Overview
4.2 Market Demand to 2022
4.3 Recent Developments in Digital Oil Field service industry
4.4 Investment and Opportunities
5. Drivers, Constraints and Opportunities
5.1.1 Increasing Offshore Deep Water Exploration
5.1.2 Maturing Oil Fields
5.1.3 Operations in High Risk Locations
5.2.1 High Initial Investment and Operational Costs
5.2.2 Need to Increase Visualization and Situational Awareness
5.2.3 Different fields require different type of customization
5.3.1 New Technology Innovations
6. Digital Oil Field services value Chain Analysis
6.2 Digital Oil Field Service Providers
7. Global Digital Oil Field Services Analysis, by type of services
7.2 Instrumentation & Automation
7.2.1 Distributed Control Systems
7.2.2 Supervisory Control & Data Acquisition
7.2.3 Programmable Logic Controllers
7.2.4 Smart Wells
7.2.5 Collaborative Product Management
7.3 IT Services
8. Global Digital Oil Field Services Analysis, by type of Processes
8.2 Reservoir Optimization
8.3 Production Optimization
8.4 Drilling Optimization
9. Global Digital Oil Field Services Analysis, by Geography
9.2 North America
9.2.1 Major Regions
18.104.22.168 The United States of America
22.214.171.124 Gulf of Mexico
9.3 Asia Pacific
9.3.1 Major Countries
9.4 Western Europe
9.4.2 Major Countries
126.96.36.199 United Kingdom
9.5 Middle East
9.5.1 Major Countries
188.8.131.52 Kingdom of Saudi Arabia
184.108.40.206 United Arab Emirates
10. Key Company Analysis
10.1 Baker Hughes
10.5 Siemens AG
10.6 Rockwell Automation
10.7 Honeywell International Inc.
10.8 Kongsberg Gruppen ASA
10.9 National Oilwell Varco, Inc.
10.10 Pason Systems Corp.
11. Competitive Landscape
11.1 Mergers & Acquisitions
11.2 Joint Ventures, Collaborations and Agreements
11.3 Market Share Analysis
12.1 Contact Us