Connectivity and Convergence in Oilfields

Building Blocks of a Billion Dollar Connected Oilfield Market by 2020

May 14, 2015, 09:03 ET from ReportBuyer



 

LONDON, May 14, 2015 /PRNewswire/ -- A highly profitable blue ocean market emerges in oilfields for a solution provider who offers a connected platform to host diverse applications and addresses the need to enhance connected efficiency across wide geographical assets. Offering high-end enterprise-wide managed oilfield services through a connected platform will enable the solution provider to obtain a larger share of the wallet. Increasing end-user focus on integrated asset management and optimization drives the need for connected oilfields to achieve overall efficiency across the assets.

Key Findings

1 A solution provider who offers an end-to-end connected platform to host diverse applications will enjoy a highly profitable blue ocean market in oilfields.
2 Offering high-end enterprise-wide managed oilfield services through a connected platform will enable the solution provider to obtain a larger share of the wallet.
3 As oil and gas companies focus on integrated asset management and optimization, there is an increased demand for connected oilfield technologies to achieve overall efficiency across the assets.
4Increased capital spending by oilfield operators in challenging unconventional oil and gas resource base opens up significant digital oilfield market opportunities for achieving connected efficiency.
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