Europe: key market for digital oilfields market during the forecast period in this report, the digital oilfield market has been analyzed with respect to 6 regions, namely, asia pacific, europe, north america, south america, the middle east, and africa. Global digital oilfield technology market is projected to reach $34,8716 million by 2023, the market growth is mainly driven by the growing big data analytics and volume of data generated in oilfields. The global digital oil field technology market involves the use of the latest it tech, instrumentation, and automation concepts to enhance the production and exploration of crude already in utility within the oil sector.
Booz & company 05 defining the digital oil field digital oil field is the umbrella term for technology-centric solutions that allow companies to leverage limited.
Digital oilfield technology market overview the global digital oilfield technology market was valued at $26,5704 million in 2017 and is projected to reach $34,8716 million by 2023, witnessing a cagr of 46% during the forecast period. Digital oil field technology market can be segmented on the base of process focus type into production optimization, reservoir optimization, well completion, drilling and others the market can also be segmented on the basis of services technologies which include automation, instrumentation and it.
Research corridor recently added new report titled digital oil field technology market report - global trends, market share, industry size, growth, opportunities, and market forecast - 2018 – 2026 to its repertoire this latest industry research study scrutinizes the digital oil field technology market by different segments, companies, regions and countries over the forecast period 2018 to 2026. Digital oilfield providers began to speak of technology integration alongside workflow integration and model integration data sources had to be developed to load, store, clean, process, and validate data coming from a diverse array of sources, from legacy software file formats, to relational databases, to email, to pdf, and more.
Unleashing productivity: the digital oil field advantage andrew steinhubl glenn klimchuk christopher click paula morawski savings from digital oil field technology 07 building a new operating model enabled by the digital oil field and gas industry will be inhibited.
Digital oil field and intelligent well projects to increase production and recovery the oil and gas industry has been mesmerized for over a decade by the vision of the digital oil field (dof), which holds the promise of enabling operators to integrate, interpret and act on production-related information in real time to optimize field operation and development. The global digital oil field market, by application, has been segmented into onshore and offshore, with the onshore segment growing at a faster pace the complexity in deepwater drilling, along with the increasing adoption of digital oilfield techniques in regions such as the middle east, and north america, where the maximum of the oilfields are located onshore, are expected to drive the onshore segment. Digital oil field technologies – looking through the lens of patent we, here in greyb evaluated dof technology through the lens of patent we conducted a patent landscape study on digital oil field technology and studied thousands of patents filed in last 20 years.