Research and Markets: Digital Oilfield Market by Services, by Processes & by Region - Global Forecast to 2020
Research and Markets (http://www.researchandmarkets.com/research/vlr98p/digital_oilfield)
has announced the addition of the "Digital
Oilfield Market by Services, by Processes & by Region - Global Forecast
to 2020" report to their offering.
Digital Oilfield (DOF) is building collaboration between various
processes in the oil & gas sector. This enables better monitoring,
surveillance and control over the processes in oil exploration and
production. Global DOF market is expected to reach USD 30.78 Billion by
2020 growing at a CAGR of 4.31% from 2015 to 2020.
DOF market valuation for various segments was arrived by using regional
rig data, DOF implementations in various geographies and planned
investments of operators and service providers. Finally, the global
values were arrived at by consolidation of markets for individual
regions. Industry experts were also contacted for validating the key
findings of the report, in order to estimate the market appropriately.
DOF solutions have been majorly implemented for various processes such
as production optimization, drilling optimization, and reservoir
optimization. Investments in the individual processes are subjected to
the prevailing oil prices. Presently, crude oil prices are below USD
50/barrel reducing the global drilling activities by more than 20% from
This decline has led the operators to target production optimization
segment for efficient and economic crude recovery. Moreover, the overall
CAPEX for oilfield development has significantly declined driving the
operators towards mature oil fields. Oil prices are expected to
stabilize at USD 60-70/barrel by 2018 reviving higher growth rates post
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Digital Oilfield Market, By Process
7 Digital Oilfield Market, By Service
8 Digital Oilfield Market, By Region
9 Competitive Landscape
10 Company Profiles
Baker Hughes Incorporated
Digi International Inc.
Honeywell International Inc.
Katalyst Data Management
Kongsberg Gruppen Asa
National Oilwell Varco, Inc.
Ovation Data Services, Inc.
Pason Systems Inc.
Petrolink Services Inc.
Redline Communications Group Inc.
Rockwell Automation, Inc.
Weatherford International Plc.
For more information visit http://www.researchandmarkets.com/research/vlr98p/digital_oilfield
View source version on businesswire.com: http://www.businesswire.com/news/home/20151204005297/en/
Copyright Business Wire 2015
Source: Business Wire
(December 4, 2015 - 6:15 AM EST)
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