‘Digital Oilfield’ is a term used for representing the application of advanced information technology in order to optimize hydrocarbon recovery and improving safety in operations. The digital oilfield solutions support the Exploration & Production (E&P) activities of a company, providing optimum reservoir management. A typical oil rig produces about 1 Terabyte (TB) data per day and digital oilfield solutions enables a real-time monitoring and quick analysis of E&P data, resulting ... Read more
The global digital oilfield market was valued USD 20.10 Billion in 2016; it is projected to reach USD 27.10 Billion by 2024, growing at a CAGR of 5.09%, from 2017 to 2024. Investment for digitization of oil & gas fields are increasing for enhancing their workflow process, for optimizing production, thereby meeting the product forecast and improving profitability. Europe and North America are expected to be the largest markets for digital oilfield during the forecast year. The regions ... Read more
The global digital oilfield market was valued USD 20.10 Billion in 2016; it is projected to reach USD 27.10 Billion by 2024, growing at a CAGR of 5.09%, from 2017 to 2024. Investment for digitization of oil & gas fields are increasing for enhancing their workflow process, for optimizing production, thereby meeting the product forecast and improving profitability. Europe and North America are expected to be the largest markets for digital oilfield during the forecast year. The regions ... Read more
"The globaldigital oilfield market was valued USD XX Billion in 2016; it is projected to reach USD XXBillion by 2025, growing at a CAGR of XX%, from 20178to 2025. Investment for digitization of oil & gas fields are increasing for enhancing their workflow process, for optimizing production, thereby meeting the product forecast and improving profitability. Europe and North America are expected to be ... Read more
