DUBLIN, May 24, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Smart Oilfield Market 2016-2020" report to their offering.
(Logo: http://photos.prnewswire.com/prnh/20160330/349511LOGO )
The global smart oilfield market to grow at a CAGR of 4.1% during the period 2016-2020.
Global Thoracic Surgery Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Smart oilfield involves the application of advanced software, hardware, and data analysis techniques to increase the E&P efficiency of oil and gas. In an era of ever-growing energy demand and depletion of easy oil, smart oilfields facilitate in maximizing oilfield recovery by reducing downtime. These oilfields increase the ROI and profitability through effective integration of workflows and design, and by reducing production costs. The workflow includes business process management that utilizes advanced information technologies to streamline or even automate various operations performed across different functional teams.
The demand for oil and gas and the growing number of maturing oilfields have resulted in increased adoption of smart oilfield technology. The advances in smart oilfield technologies will help enhance production rates, redevelop existing oilfield wells, facilitate production from unconventional resources, such as shale formation and tight oil, and improve well management. Intelligent well completion will significantly increase the efficiency, control, and monitoring of wells.
According to the report, a key market driver is the aggressive remote onshore and deep and ultra-deepwater offshore exploration. The growing global demand for oil and gas and low production output from the world's mature oilfields are making the oil and gas companies aggressively explore remote regions such as deepwater and ultra-deepwater reserves, unconventional shale deposits, and tar sands. These exploration projects are technically complex, capital-intensive, and involve safety hazards.
Further, the report states that resistance to change will be a major challenge to the growth of the smart oilfield market worldwide.
- Baker Hughes
- Honeywell International
Other prominent vendors
- Kongsberg Gruppen
- National Oilwell Varco
- Pason Systems
- Redline Communications Group
- Rockwell Automation
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by technology and services
PART 07: Geographical Segmentation
PART 08: Key leading countries
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
PART 16: Appendix
For more information visit http://www.researchandmarkets.com/research/w4cxr2/global_smart
Laura Wood, Senior Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets