HOME Top Market Reports Digital Oil Field Market by Services (Automation & Instrumentation: DCS, SCADA, PLC, Smart Well & CPM; IT Services: Outsourcing, Equipment & Software) & By Processes (Reservoir, Production & Drilling Optimizations) – Global Trends & Forecasts To 2024

Digital Oil Field Market by Services (Automation & Instrumentation: DCS, SCADA, PLC, Smart Well & CPM; IT Services: Outsourcing, Equipment & Software) & By Processes (Reservoir, Production & Drilling Optimizations) – Global Trends & Forecasts To 2024

By: marketsandmarkets.com
Publishing Date: September 2014
Report Code: EP 2720

 

  Speak to Analyst Enquiry Before Buying
 
purchase report
download pdf  request for customisation


The Digital Oil Field (DOF) technology is a combination of IT and automation & instrumentation technologies, as an improvement of the existing technologies in the oil & gas industry. This integrated operations technology makes the analysis faster and easier with software involved in efficient data management, provides more realistic image of the reservoir and the availability of resources, helps to optimize process required for production, and renders much safer operations with the inclusion of remote surveillance and collaborated environments.

DOF technology includes segments of IT such as outsourcing, software services, and equipment based expenditure. Automation & instrumentation is another segment of the DOF market, comprising of key networking processes and communication technologies such as SCADA, PLC, smart well, safety systems and wireless systems etc.

Huge market with estimated value of $38.49 billion by 2024

Exploration for new and unconventional hydrocarbon sources has seen growth in the oil & gas sector. Some of the regions found high unconventional resources; the highest such exploration activities being in the North American region. The usage of unconventional resource to cater to the energy requirements creates more opportunities for the adoption of DOF technologies. The exploration activities in the Arctic Circle are waiting to meet environmental regulations and are expected to contribute to the global oil & gas production in the future.

Leading players of this industry have been tracked for their recent developments and other strategic industry activities pertaining to this segment. These companies include Schlumberger Ltd (U.S.), Halliburton Company (U.S.), Baker Hughes Incorporated (U.S.), Kongsberg Oil and Gas Technologies AS (Norway) Honeywell International Inc. (U.S.), iStore (U.S.), National Oilwell Varco, Inc. (U.S.), Pason Systems Corp (Canada), Petrolink (U.S.), Siemens AG (Germany), vMonitor (UAE), and Weatherford International Ltd (Ireland).


DOF: INSTRUMENTATION & AUTOMATION, MARKET SIZE: by REVENUE, 2012-2024 ($Billion)


Source MarketsandMarkets Analysis

The report provides a competitive landscape of the major market players mapping their product profiles and key development activities. These include new product developments, mergers & acquisition, facility expansion, agreements & collaborations, contracts awarded. Market leaders have been actively pursuing strategies of M&A, new product launches and supporting intense R&D investments to stay abreast with the dynamic demands of the market.

Scope of the Report:

The global DOF is analyzed in terms of revenue ($million) for the aforesaid process, services, and by regions.

By Process

  • Reservoir optimization
  • Production optimization
  • Drilling optimization
  • Other (safety management, assets management, and maintenance & repair)

By Services

  • Instrumentation & automation
  • IT Services

By Geography

  • Western Europe
  • North America
  • Asia-Pacific
  • Middle-East
  • Rest of the World


 
Table Of Contents

1 Introduction (Page No.- 12)
  1.1 Objectives Of The Study
  1.2 Analyst Insights
  1.3 Market Definitions
  1.4 Markets Covered
  1.5 Stakeholders
  1.6 Research Methodology
     1.6.1 Approach
     1.6.2 Market Size Estimation
     1.6.3 Market Crackdown & Data Triangulation
     1.6.4 Key Data Taken From Secondary Sources
     1.6.5 Key Secondary Sources Used
     1.6.6 Key Data Taken From Primary Sources
     1.6.7 Assumptions Made For This Report

2 Executive Summary (Page No.- 22)

3 Premium Insights (Page No.- 25)
  3.1 Software Solution To Lead The It Services
  3.2 Western Europe And North America To Continue As Leading Markets
  3.3 New Offshore Discoveries And Development In Higher Bandwidth Communication Driving The Row Market

4 Market Overview Key Findings:(Page No.- 31)
  4.1 Introduction
  4.2 Evolution
  4.3 Market Segmentation
      4.3.1 Digital Oilfield Market By Service
      4.3.2 Digital Oilfield Market By Process
      4.3.3 Digital Oilfield Market By Geography
  4.4 Market Dynamics
      4.4.1 Drivers
          4.4.1.1 Widening Gap Between Required And Available Human Capital:
          4.4.1.2 Tapping Reserves In High Risk Locations:
          4.4.1.3 Investments In The Offshore And Ultra-Deep Waters:
      4.4.2 Restraints
          4.4.2.1 Acceptance Level
          4.4.2.2 Rise In Investment And Operational Costs:
          4.4.2.3 Customized Demands From Consumers
          4.4.2.4 Lack Of Understanding:
     4.4.3 Opportunities
          4.4.3.1 Mature Oil Fields In North America
     4.4.4 Challenges
          4.4.4.1 Resistance Towards New Technology
     4.4.5 Burning Issue
          4.4.5.1 Building An Operational Model Fit For Multiple Projects

5 Industry Trends (Page No.- 39)
  5.1 Introduction
  5.2 Value Chain Analysis
  5.3 Process Chain Analysis
  5.4 Porter’s Five Force Model:
     5.4.1 Threats From New Entrants
         5.4.1.1 Focus On Inorganic Growth
         5.4.1.2 High Investment In R&D
     5.4.2 Threat From Substitutes
     5.4.3 Bargaining Power Of Buyers
         5.4.3.1 Resistivity Towards The Model
         5.4.3.2 Standardized Products And Solutions Available
         5.4.4 Bargaining Power Of The Suppliers
             5.4.4.1 Shifting Of Exploration And Production Activities To Deep And Ultra-Deep Water
             5.4.4.2 Major Players Of E&P Sector Are Strong Clients:
         5.4.5 Intensity Of Competitive Rivalry
  5.5 Industry Trend-Technology Status
  5.6 Dof Market- Areas Of Interest

6 Global Digital Oil Field Market, By Services Key Findings (Page No.- 49)
  6.1 Introduction
  6.2 Instrumentation And Automation
    6.2.1 Distributed Control System (Dcs)
    6.2.2 Supervisory Control & Data Acquisition
    6.2.3 Smart Well
    6.2.4 Safety Systems
    6.2.5 Wireless Systems
    6.2.6 Programmable Logic Controller
    6.2.7 Collaborative Product Management
    6.2.8 Other I&A Solutions
  6.3 It Services
    6.3.1 It Outsourcing
    6.3.2 Software
    6.3.3 It Services & Commissioning
    6.3.4 Computer Equipment & Application Hardware

7 Digital Oil Field Market, By Geography (Page No.- 67)
  7.1 Introduction
  7.2 Europe
      7.2.1 Norway
      7.2.2 U.K.
  7.3 North America
      7.3.1 U.S.
      7.3.2 Mexico
      7.3.3 Canada
  7.4 Asia-Pacific
      7.4.1 China
      7.4.2 Malaysia
      7.4.3 India
  7.5 Middle East
      7.5.1 Oman
      7.5.2 Saudi Arabia
      7.5.3 Kuwait
      7.5.4 Uea
  7.6 Rest Of The World

8 Competitive Landscape (Page No.- 101)
  8.1 Introduction
      8.1.1 Dof Market Based On Product Offering
  8.2 Key Players Of Digital Oilfield Market
      8.2.1 List Of Key Players
  8.3 Growth Strategies In The Digital Oilfield Market
  8.4 Most Active Companies In The Digital Oilfield Market
  8.5 New Technology/Product Launches
  8.6 Contracts & Agreements
  8.7 Expansion
  8.8 Mergers & Acqusitions
  8.9 Partnership

9 Company Profiles (Page No.- 139)
  9.1 Baker Hughes
      9.1.1 Introduction
      9.1.2 Products & Services
      9.1.3 Strategy & Insights
      9.1.4 Developments
      9.1.5 Mnm View
      9.1.6 Baker Hughes: Swot Analysis
  9.2 Halliburton
      9.2.1 Introduction
      9.2.2 Products
      9.2.3 Strategy & Insights
      9.2.4 Developments
      9.2.5 Mnm View
      9.2.6 Swot Analysis
  9.3 Honeywell International Inc.
      9.3.1 Introduction
      9.3.2 Products & Services
      9.3.3 Strategy & Insights
      9.3.4 Developments
  9.4 Istore
      9.4.1 Introduction
      9.4.2 Products & Services
      9.4.3 Strategy & Insights
      9.4.4 Developments
  9.5 Kongsberg Gruppen
      9.5.1 Introduction
      9.5.2 Products & Services
      9.5.3 Strategy & Insights
      9.5.4 Developments
  9.6 National Oilwell Varco, Inc.
      9.6.1 Introduction
      9.6.2 Products & Services
      9.6.3 Strategy & Insights
      9.6.4 Developments
      9.6.5 Swot Analysis
      9.6.6 Mnm View
  9.7 Pason Systems Corp.
      9.7.1 Introduction
      9.7.2 Products & Services
      9.7.3 Strategy & Insights
      9.7.4 Developments
  9.8 Petrolink
      9.8.1 Introduction
      9.8.2 Products & Services
      9.8.3 Strategy & Insights
      9.8.4 Developments
  9.9 Schlumberger Ltd.
      9.9.1 Introduction
      9.9.2 Products & Services
      9.9.3 Schlumberger Ltd.: Products/Services & Description
      9.9.4 Swot:
      9.9.5 Strategy & Insights
      9.9.6 Developments
      9.9.7 Mnm View
  9.1 Siemens Ag
      9.10.1 Introduction
      9.10.2 Products & Services
      9.10.3 Strategy & Insights
      9.10.4 Developments
  9.11 Vmonitor
      9.11.1 Introduction
      9.11.2 Products & Services
      9.11.3 Strategy & Insights
      9.11.4 Developments
  9.12 Weatherford International Ltd.
      9.12.1 Introduction
      9.12.2 Products & Services
      9.12.3 Strategy & Insights
      9.12.4 Mnm View
      9.12.5 Developments
 

List Of Tables ( 74 Tables)
 
Table 1 Instrumentation & Automation :Global Dof Market, (Scenario I), 2012-2024 ($ Billion)
Table 2 It Services: Global Dof Market, (Scenario I), 2012-2024 ($ Billion) Global
Table 3 Instrumentation & Automation :Global Dof Market, (Scenario Ii), 2012-2024 ($ Billion)
Table 4 It Services :Global Dof Market, (Scenario Ii), 2012-2024 ($ Billion)
Table 5 Instrumentation & Automation: Global Dof Market Revenue Forecast (Scenario-I & Ii), 2014 – 2024 ($Billion)
Table 6 Dcs: Global Dof Market Revenue Forecast (Scenario-I & Ii), 2014 – 2024  ($Billion)
Table 7 Scada: Global Dof Market Revenue Forecast (Scenario-I & Ii), 2014 – 2024  ($Billion)
Table 8 Smart Well: Global Dof Market Revenue Forecast (Scenario-I & Ii), 2014 – 2024  ($Billion)
Table 9 Safety Systems: Global Dof Market Revenue Forecast (Scenario-I & Ii), 2014 – 2024  ($Billion)
Table 10 Wireless Sensors: Global Dof Market Revenue Forecast (Scenario-I & Ii), 2014 – 2024  ($Billion)
Table 11 Plc: Global Dof Market Revenue Forecast (Scenario-I & Ii), 2014 – 2024  ($Billion)
Table 12 Cpm: Global Dof Market Revenue Forecast (Scenario-I & Ii), 2014 – 2024  ($Billion)
Table 13 Other: Global Dof Market Revenue Forecast (Scenario-I & Ii), 2014 – 2024  ($Billion)
Table 14 It Services: Global Dof Market Revenue Forecast (Scenario-I & Ii), 2014 – 2024  ($Billion)
Table 15 It Outsourcing: Global Dof Market Revenue Forecast (Scenario-I & Ii), 2014 – 2024  ($Billion)
Table 16 Software: Global Dof Market Revenue Forecast (Scenario-I & Ii), 2014 – 2024  ($Billion)
Table 17 It Services & Commissioning: Global Dof Market Revenue Forecast (Scenario-I & Ii), 2014 – 2024  ($Billion)
Table 18 Computer Equipment & Application Hardware: Global Dof Market Revenue Forecast (Scenario-I & Ii), 2014 – 2024  ($Billion)
Table 19 Global Dof (Scenario-I) Market Revenue, By Geography, 2012 – 2024 ($Billion)
Table 20 Global Dof (Scenario-Ii) Market Revenue, By Geography, 2012 – 2024 ($Billion)
Table 21 Western Europe Dof (Scenario-I) Market Revenue, By Services, 2012 – 2024 ($Billion)
Table 22 Europe Dof (Scenario-Ii) Market Revenue, By Services, 2012 – 2024 ($Billion)
Table 23 Western Europe: Market Revenue, By Process Focus, 2013 ($Billion)
Table 24 Norway: Dof (Scenario-I) Market Revenue, By Services, 2012 – 2024 ($Billion)
Table 25 U.K.: Dof (Scenario-I) Market Revenue, By Services, 2012 – 2024 ($Billion)
Table 26 North America: Dof (Scenario-I) Market Revenue, By Services, 2012 – 2024 ($Billion)
Table 27 North America: Dof (Scenario-Ii) Market Revenue, By Services, 2012 – 2024 ($Billion)
Table 28 North America: Market Revenue, By Process Focus, 2013 ($Billion)
Table 29 U.S.: Dof (Scenario-I) Market Revenue, By Services, 2012 – 2024 ($Billion)
Table 30 Mexico: Dof (Scenario-I) Market Revenue, By Services, 2012 – 2024 ($Billion)
Table 31 Canada: Dof (Scenario-I) Market Revenue, By Services, 2012 – 2024 ($Billion)
Table 32 Asia-Pacific: Dof (Scenario-I) Market Revenue, By Services, 2012 – 2024 ($Billion)
Table 33 Asia-Pacific: Dof (Scenario-Ii) Market Revenue, By Services, 2012 – 2024 ($Billion)
Table 34 Asia-Pacific: Market Revenue, By Process Focus, 2013 ($Billion)
Table 35 China: Dof (Scenario-I) Market Revenue, By Services, 2012 – 2024 ($Billion)
Table 36 Malaysia: Dof (Scenario-I) Market Revenue, By Services, 2012 – 2024 ($Billion)
Table 37 India: Dof (Scenario-I) Market Revenue, By Services, 2012 – 2024 ($Billion)
Table 38 Middle East: Dof (Scenario-I) Market Revenue, By Services, 2012 – 2024 ($Billion)
Table 39 Middle East: Dof (Scenario-Ii) Market Revenue, By Services, 2012 – 2024 ($Billion)
Table 40 Middle East: Market Revenue, By Process Focus, 2013 ($Billion)
Table 41 Oman: Dof (Scenario-I) Market Revenue, By Services, 2012 – 2024 ($Billion)
Table 42 Saudi Arabia: Dof (Scenario-I) Market Revenue, By Services, 2012 – 2024 ($Billion)
Table 43 Saudi Arabia Current Digital Oil Field Implementation, By Field
Table 44 Kuwait: Dof (Scenario-I) Market Revenue, By Services, 2012 – 2024 ($Billion)
Table 45 Kuwait Current Digital Oil Field Implementation, By Field
Table 46 Uae: Dof (Scenario-I) Market Revenue, By Services, 2012 – 2024 ($Billion)
Table 47 Uae Current Digital Oil Field Implementation, By Field
Table 48 Rest Of The World: Dof (Scenario-I) Market Revenue, By Services, 2012 – 2024 ($Billion)
Table 49 Rest Of The World: Dof (Scenario-Ii) Market Revenue, By Services, 2012 – 2024 ($Billion)
Table 50 Rest Of The World: Market Revenue,  By Process Focus, 2013 ($Billion)
Table 51 Brazil: Dof (Scenario-I) Market Revenue, By Services, 2012 – 2024 ($Billion)
Table 52 Russia: Dof (Scenario-I) Market Revenue, By Services, 2012 – 2024 ($Billion)
Table 53 Russia Current Digital Oil Field Implementation, By Field
Table 54 Caspian Sea Current Digital Oil Field Implementation, By Field
Table 55 Annual New Product And Technology Launches Analysis, 2011-2014
Table 56 Contracts & Agreements, 2011-2014
Table 57 Expansion, 2011-2014
Table 58 Mergers & Acqusitions, 2011-2014
Table 59 Partnership, 2010-2014
Table 60 Baker Hughes: Products & Description
Table 61 Baker Hughes: Services & Description
Table 62 Halliburton: Products & Description
Table 63 Honeywell International Inc.:Products & Its Applications
Table 64 Honeywell International Inc.:Services & Its Applications
Table 65 Istore: Products/Services
Table 66 Kongsberg International Ltd.: Products & Description
Table 67 Kongsberg International Ltd.: Services & Description
Table 68 National Oilwell Varco: Products/Services
Table 69 Pason Systems Corp.: Products/Services & Description
Table 70 Petrolink : Products & Description
Table 71 Products/Services & Description
Table 72 Siemens Ag: Products/Services
Table 73 Vmonitor: Products/Services & Description
Table 74 Weatherford International Ltd.: Products/Services & Description
 
List Of Figures ( 33 Figures)
 
Figure 1 Research Methodology
Figure 2 Data Triangulation Methodology
Figure 3 Dof (Scenario-I) Market Size, By Geography, 2014 – 2024 ($Billion)
Figure 4 Dof (Scenario-Ii) Market Size, By Geography, 2014 – 2024 ($Billion)
Figure 5 Market Strategy Of Top Players, 2011-2014
Figure 6 It Services: Global Dof Market Revenue Forecast (Scenario-I), 2014–2024  ($Billion)
Figure 7 It Services: Global Dof Market Revenue Forecast (Scenario-Ii), 2014 – 2024  ($Billion)
Figure 8 Geographical Markets: Dof 2014-2024 (Scenario-I)
Figure 9 Market Share Comparison (Scenario I), 2013-2019
Figure 10 Porter’s Five Forces Analysis (2013)
Figure 11 New Dof Solutions Development Areas
Figure 12 Global Dof Market Share, By Services, 2013
Figure 13 European Dof Market (% Share), By Service Provider, By Field, 2013
Figure 14 U.S. & Gom Dof Market (% Share), By Service Provider, By Field, 2013
Figure 15 Asia-Pacific Dof Market (% Share), By Service Provider, By Field, 2013
Figure 16 Middle East Dof Market (% Share), By Service Provider, By Field, By Field, 2013
Figure 17 Africa Dof Market (% Share), By Service Provider, By Field, 2013
Figure 18 Latin America Dof Market (% Share), By Service Provider, By Field, 2013
Figure 19 Digital Oilfield Market: Number Of Developments, 2011-2014
Figure 20 Tier 1- Companies In Dof Market
Figure 21 Tier 2- Companies In Dof Market
Figure 22 Digital Oilfield Market Development Share, By Growth Strategy, 2010-2014
Figure 23 Digital Oilfield Market Development Share, By Key Player, 2010-2014
Figure 24 Annual New Technology/Product Launches Analysis, 2011-2014
Figure 25 Annual Contracts & Agreements Analysis, 2011-2014
Figure 26 Annual  Expansion  Analysis, 2011-2014
Figure 27 Annual Mergers & Acqusition Analysis, 2011-2014
Figure 28 Annual Partnership Analysis, 2011-2014
Figure 29 Baker Hughes: Swot Analysis
Figure 30 Swot Analysis: Halliburton
Figure 31 Nov: Swot Analysis
Figure 32 Schlumberger : Swot Analysis
Figure 33 Weatherford: Swot Analysis

The global DOF market is estimated to reach $38.49 billion by 2024, with a projected CAGR of 4.6%, signifies a high growth of Digital Oil Field services and processes.

The DOF technology is a process of creating a collaborative work environment among various functionalities of upstream activities and operating partners using cutting-edge IT and automation technology. This technology is an improvement of the conventional IT and automation technology that have been used in the oil & gas industry since decades.

The technology finds best use in the upstream activities. It is also applicable in downstream, finance, and marketing sectors of the oil & gas industry. This technology is defined and does not hold a generalized list of subsections as it is an integration of two extensive sectors - IT and automation - which have multiple sub sections. Digital Oil Field is also known as Integrated Operations, Intelligent Energy, Fields of the Future, I-Fields, and Smart Fields amongst industry players. North America is the leading market for Oil Field processes and services

DOF adoption to be driven by growing crude oil demands, need for profitable productivity

With the rising demand of crude oil, the oil & gas companies have started to redirect their exploration focus towards the unconventional and deep hydrocarbon reservoirs such as shale gas, coal bed methane (CBM), tight gas, heavy oil, and pre-salt - considered as original due to low availability of conventional reservoirs. The petroleum industry currently has advanced IT based machinery and software to carry out operations in different unconventional and deep reservoir conditions. This leads way for new age technology as the tool to execute stiff operations. This factor drives the DOF technology and increases receptiveness in the industry.


INSTRUMENTATION & AUTOMATION MARKET SHARE, By GEOGRAPHY, 2014



Source: MarketsandMarkets Analysis

New Product development: Key strategy

Key market players within this industry segment have been involved in intense business activities in order to keep abreast with the dynamic nature of demands from the oil & gas sector. Some of the prominent players in the segment are Konsberg Oil & Gas Technologies AS (Norway), Halliburton (U.S.), Schlumberger Limited (U.S.) have been the most active companies. Most of these companies rely on strategies such as new product/technology development, eyeing strategic alliances, contracts & agreements and M&A for product and geographic imprint. New Product launches are key to continue the market dominance and penetration by the key players especially in the wake of increasing investments in the unconventional exploration and production activities.

The previous decade has witnessed extensive advancements in technology; DOF is still in the phase of development and has potential in terms of expanding the capabilities of its offerings. It is about building collaboration between various processes in the oil & gas sector. The only pre-requisite is the appropriate amount of knowledge and expertise.

Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Please visit http://www.marketsandmarkets.com/knowledge-process-outsourcing-services.asp to specify your custom Research Requirement

Connect With Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441
UK : 44-800-368-9399

Search reports