Digital oilfield is the new approach to explore more oil and gas field in less cost. Under this concept, the oilfield is incorporated with advanced software and data analysis to provide better outputs and improve the profitability of the exploration and production process. The major advantages of digital oilfield are fast data recovery from the well, organize the data extracted from well, proper framework, cost reduction, rapid deployement and asset management.
The Global Digital Oilfield Market is expected to grow at more than 5.5% CAGR from 2018 to 2023. Digital oilfield is the new approach to explore more oil and gas field in less cost. Under this concept, the oilfield is incorporated with advanced software and data analysis to provide better outputs and improve the profitability of the exploration and production process.
The major advantages of digital oilfield are fast data ... Read more