Digital Oilfield – Thematic Research
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Digital oilfields enable oil and gas companies and oilfield service providers to remotely monitor and control critical activities at production facilities. These technologies aim to boost productivity and efficiency in exploration and production (E&P) by minimizing equipment downtime and improving hydrocarbon recovery.
This is especially critical in today’s scenario where oil and gas producers are seeking to streamline their costs to recover from the COVID-led energy demand shock. Digital oilfields also help reduce the need for the physical deployment of personnel on site, thereby improving worker safety.
The Digital Oilfield thematic intelligence report assesses the digital oilfield. The report includes relevant oil and gas sector and technology trends and provides an overview of the current landscape, as well as key players, while also highlighting opportunities for the use of digital oilfield in the future. The report provides an industry-specific analysis based on GlobalData databases and surveys.
Value Chain | Devices and Equipment, Connectivity, Data Analytics, Visualization Tools, and Digital Oilfield Services |
Key Oil and Gas Companies | BP, Chevron, Shell |
Key Oilfield Service Providers | Schlumberger, Halliburton, and Baker Hughes |
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Digital Oilfield – Key Trends
The key trends in the digital oilfield theme are oil & gas sector trends and technology trends.
- Oil & Gas sector trends: Some of the key oil & gas sector trends impacting the theme are technology developments enabling digital oilfield adoption, digitalization of oil and gas E&P, managing carbon emissions, enhancing multi-discipline collaboration, and COVID-19 outbreak could drive digital oilfield adoption.
- Technology Trends: Some of the key technology trends impacting the theme are the improvement of downhole monitoring, optimization of the performance of artificial lifts, data management, and usage of artificial intelligence in day-to-day tasks.
Digital Oilfield – Industry Analysis
Digital oilfield technology has become an integral part of the oil and gas industry in recent years. The concept gained momentum in the last couple of decades with the advent of the IoT and its applications in diversified industrial use cases. The gradual advancement of digital technologies paved the way for their comprehensive implementation in the upstream operations of the industry, ranging from field exploration to production optimization and supporting vital business decisions along the way.
The Digital Oilfield industry analysis also covers:
- Use cases
- Mergers and acquisitions
Digital Oilfield Value Chain
The five key segments in the digital oilfield value chain include devices and equipment, connectivity, data analytics, visualization tools, and digital oilfield services.
Devices and equipment: Devices and equipment makers specialize in the design, manufacture, and sale of devices and equipment that are integral to oilfield operations. These include sensors, microcontrollers, camera systems, robotics, automation and control systems, and oilfield equipment. Companies in this space are focusing on enabling remote operations from equipment and infrastructure in real time to evaluate their performance and integrity.
Digital Oilfield Value Chain Analysis
For more value chain insights on digital oilfield theme, download a free report sample
Oil & Gas Companies
Key oil and gas companies adopting the digital oilfield theme are:
- BP
- Chevron
- Shell
Oilfield Service Providers
Key oilfield service providers implementing digital oilfield are:
- Schlumberger
- Halliburton
- Baker Hughes
To know more about the oil and gas companies and oilfield service providers, download a free report sample
Scope
- It highlights the various industry and technology trends influencing the digital oilfield theme.
- It evaluates recent oil and gas projects around the world for their adoption of digital oilfield technologies.
- It analyses the digital oilfield value chain and identifies the major players across each segment of this value chain.
- The report also provides an overview of the competitive positioning of leading oil and gas players and oilfield equipment and service providers in the digital oilfield theme.
Reasons to Buy
- Identify the key trends supporting the global adoption of digital oilfield technologies.
- Review the adoption of digital oilfield around the world and the key contractors that are enabling this adoption.
- Understand the digital oilfield value chain and identify its industry leaders and challengers.
- Identify and benchmark key oil and gas players and equipment and service providers in the digital oilfield theme.
Table of Contents
Frequently asked questions
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What are the key segments in digital oilfield value chain?
There are five key segments in the digital oilfield value chain – devices and equipment, connectivity, data analytics, visualization tools, and digital oilfield services.
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Who are the key players in the digital oilfield sector?
BP, Chevron, Shell, Equinor, ExxonMobil, Baker Huges, and Weatherford International are some of the key players in the digital oilfield sector.
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