PPT for Digital Oilfield Market

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Digital Oilfield Market Share and Forecast
2017-2024
Digital Oilfield Market Size, Industry Analysis
Report, Regional Outlook (Spain,, Qatar, Kuwait,
UAE, Saudi Arabia, Angola, Nigeria, Argentina,
Venezuela, Australia, New Zealand.), Application
Development, Competitive Market Share and
Forecast, 2017 2024
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Global Market Scenario of Digital Oilfield

• Global digital oilfield market size is
  anticipated to expand substantially due to
  volatile crude price coupled with high cost
  involved in drilling of conventional and
  unconventional resource.
• The average crude prices fell to around USD 43.11
  per barrel in 2016 from USD 105.41 per barrel in
  2012.
• In current scenario, low crude oil price has
  created competition among companies to provide
  maximum output from fields at the lowest price
  which makes this technology adoption favorable.
• Increasing demand to integrate the conventional
  practice involved in oil gas (OG) sector with
  automation, communication and information
  technologies will propel the digital oilfield
  market share.

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• Product Analysis-
• Rising crude oil demand from end users including
  refineries and petrochemical industries coupled
  with growing population and rapid
  industrialization is anticipated to stimulate the
  digital oilfield market share in future. In 2016,
  a daily demand for crude oil increased from 95
  million barrel to 96.3 million barrels. Refinery
  expansion to meet the petroleum product demand
  will further complement the business growth.
• Digital technology ability to reduce maintenance
  cost and downtime of equipment make its adoption
  favorable in refinery. In October 2016, Indian
  Oil Corporation announced an investment of USD
  2.3 billion towards the expansion of its Panipat
  refinery capacity to 25MMT from 15MMT which will
  stimulate industry growth.
• Regional Trends-
• North America led by, U.S., Canada, Mexico is
  dominating digital oilfield market. Growing
  exploration and production of shale gas with high
  end technologies adoption to sustain competition
  may favor the industry growth.
• Asia Pacific digital oilfield market size will
  witness substantiate growth owing to increasing
  adoption of digital technology in upstream
  sector. The major importing countries including
  India, China and Japan are using these
  technologies to enhance their productivity by
  reducing production cost.

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• Competitive Market Share-
• Key players in digital oilfield market share are
  Honeywell International Inc., Schlumberger Ltd.,
  Accenture, Microseismic, Pason Systems, Redline
  Communications Group, Siemens, Halliburton
  Company, National Oilwell Varco Inc., Kongsberg
  Gruppen, Paradigm, Petrolink, Redline
  Communications Group, Weatherford International,
  Baker Hughes and Istore.

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Latest Research Report On Digital Oilfield
Market_at_ http//bit.ly/2q9MCed To request a
copy of the table of contents for this report_at_
http//bit.ly/2q13h7o
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