Global Digital Oil Field Market By Services

Digital oil field is an integrated operation system that helps in reservoir optimization, production optimization, drilling and well completion, and other processes. The above mentioned are the process improved by the implementation of the technology. This smart field based technology reinvents production using new techniques such as creation of smart wells and establishing agile communication using remote surveillance & operating and high-end technology.

Revival of the older methodologies in the oil & gas sector became essential to increase and minimize the deficit in supply. The high average age of oil & gas industry professionals indicated more retirements in the near future, resulting in reduction of man power in the industry; hence this was met by automated production platforms, intelligent machinery and systems. The safety factors proved to be high after installing digital oil field technology based machines and systems. These are the reasons which are driving the market apart from the regulations from government bodies in some parts of the world.

Exploration for new and unconventional hydrocarbon sources has seen growth in the oil & gas sector. Some of the regions found high unconventional resources, the highest in the North American region. The usage of unconventional resource to complete the energy requirements is slowly rising along with the acceptance of such resources. The exploration activities in the Arctic Circle are waiting to meet environmental regulations and are expected to contribute to the global oil & gas production in the future. The fastest growing region is expected to be the Middle East, followed by Asia-Pacific. The most active market currently is North America.

We have used various secondary sources—encyclopedia, directories, and databases to identify and collect information useful for this extensive commercial study of this market. The primary sources, experts from related industries and suppliers, have been interviewed to obtain and verify critical information as well as to assess the future prospects of this smart wells based digital oil field technology.

We have also profiled leading players of this industry with their recent developments and other strategic industry activities, namely Schlumberger Ltd (U.S.), Halliburton Company (U.S.), Baker Hughes Incorporated (U.S.), Emerson Electric Company (U.S.), ABB Group (Switzerland), Microsoft Corporation (U.S.), International Business Machines Corporation (U.S.), TIBCO Software Inc. (U.S.), Tata Consultancy Service (India), Accenture Plc (Ireland), Redline Communications Group Inc. (Canada), Paradigm Ltd (U.S.), and Kongsberg Oil and Gas Technologies AS (Norway).

Scope of the report

This research report categorizes the global market for digital oil field on the basis of applications, service types, process types, and geography; forecasting revenue and analyzing trends in each of the submarkets.

On the basis of services: The market is segmented on the basis of service segments of the technology—IT and automation & instrumentation including technologies, such as SCADA, PLC, DCS, etc., are the three segments that define digital oil field technology. Each service segment is further described in detail in the report with revenue forecasted for each service.

Table of Contents : 1 INTRODUCTION 19 1.1 KEY TAKE-AWAYS 19 1.2 REPORT DESCRIPTION 19 1.3 STAKEHOLDERS 20 1.4 RESEARCH METHODOLOGY 20 1.4.1 MARKET SIZE 20 1.4.2 KEY DATA POINTS TAKEN FROM SECONDARY SOURCES 21 1.4.3 MAJOR SECONDARY SOURCES USED 21 1.4.4 KEY DATA POINTS TAKEN FROM PRIMARY SOURCES 22 1.4.5 ASSUMPTIONS MADE FOR THIS REPORT 22 1.5 KEY QUESTIONS ANSWERED 23 2 EXECUTIVE SUMMARY 24 3 MARKET OVERVIEW 26 3.1 INTRODUCTION 27 3.2 PROCESS CHAIN ANALYSIS 29 3.2.1 SURVEYING & EXPLORATION 30 3.2.2 CONSTRUCTION & DEVELOPMENT 31 3.2.3 PRODUCTION 31 3.3 MARKET SCENARIO 32 3.3.1 SCENARIO-I 32 3.3.2 SCENARIO-II 33 3.4 MARKET DYNAMICS 34 3.4.1 DRIVERS 34 3.4.1.1 Growing Crude Oil Demand 35 3.4.1.2 Safety Parameters & Human Resource Shortage 35 3.4.1.3 Growing Regulatory Standards 36 3.4.2 RESTRAINTS 37 3.4.2.1 Initial Investment & Duration of Implementation 38 3.4.2.2 Lack of Technology & Infrastructure 39 3.4.3 OPPORTUNITIES 40 3.4.3.1 Growing Unconventional Hydrocarbon Market 40 3.4.3.2 New Explorations at Arctic Circle & Ultra-deep Offshore Drilling 41 3.5 BURNING ISSUE 42 3.5.1 CHANGE MANAGEMENT 42 3.6 WINNING IMPERATIVES 43 3.6.1 VENTURES IN ASSOCIATED BUSINESS 43 3.6.2 JOINT VENTURES & MERGERS 43 3.7 REGULATIONS 44 3.8 IMPLEMENTATION LEVELS 45 3.9 PORTER’S FIVE FORCES ANALYSIS 47 3.9.1 SUPPLIERS POWER 47 3.9.2 BUYERS POWER 48 3.9.3 THREAT OF NEW ENTRANTS 49 3.9.4 THREAT OF SUBSTITUTES 49 3.9.5 DEGREE OF COMPETITION 50 4 GLOBAL DIGITAL OIL FIELD MARKET, BY SERVICES 52 4.1 INTRODUCTION 53 4.2 AUTOMATION & INSTRUMENTATION 54 4.2.1 DISTRIBUTED CONTROL SYSTEM 55 4.2.2 SUPERVISORY CONTROL & DATA ACQUISITION 56 4.2.3 SMART WELL 57 4.2.4 SAFETY SYSTEMS 58 4.2.5 WIRELESS SYSTEMS 59 4.2.6 PROGRAMMABLE LOGIC CONTROLLER 60 4.2.7 COLLABORATIVE PRODUCT MANAGEMENT 61 4.2.8 OTHERS 62 4.3 IT SERVICES 63 4.3.1 IT OUTSOURCING 65 4.3.2 SOFTWARE 66 4.3.3 IT SERVICES & COMMISSIONING 67 4.3.4 COMPUTER EQUIPMENT & APPLICATION HARDWARE 67 5 GLOBAL DIGITAL OIL FIELD MARKET, BY PROCESS FOCUS 69 5.1 INTRODUCTION 70 5.2 RESERVOIR OPTIMIZATION 71 5.3 PRODUCTION OPTIMIZATION 71 5.4 DRILLING 72 5.5 OTHERS 72 6 DIGITAL OIL FIELD MARKET, BY GEOGRAPHY 73 6.1 INTRODUCTION 74 About Author Bio:  I am working with a market research company which provides market research reports , custom research, company profiles, industry analysis, country reports , business reports, online databases and the report on Global Digital Oil Field Market etc. Through our industry analysis you can identify opportunities, analyze the requirements of the customers and study the competition sector wise.

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