Market Research Report
Europe Digital Oilfield Market By Process (Drilling Optimization, Production Optimization, Reservoir Optimization, & Others), By Solution (Instrumentation & Automation Vs. IT Services), Competition Forecast & Opportunities, 2012-2022
|Published by||TechSci Research||Product code||503666|
|Published||Content info||62 Pages
Delivery time: 1-2 business days
|Europe Digital Oilfield Market By Process (Drilling Optimization, Production Optimization, Reservoir Optimization, & Others), By Solution (Instrumentation & Automation Vs. IT Services), Competition Forecast & Opportunities, 2012-2022|
|Published: May 16, 2017||Content info: 62 Pages||
Europe digital oilfield market was valued at $ 3.95 billion in 2016, and is projected to grow at a CAGR of over 4%, in value terms, to reach $ 5.13 billion by 2022. In Europe, digital oilfield technologies were first adopted by Norway and United Kingdom for exploiting offshore fields in North Sea. Oil & gas majors in Western Europe such as British Petroleum and Shell were the early adopter of digital oilfield technologies for optimizing their global upstream operations. Exploration & production investments will start to pour in once companies are confident that crude prices will stabilize in the near future. Once the CAPEX cycle picks up for E&P, the demand for digital oilfield solutions and technologies in Europe is expected to increase during forecast period.
Few of the leading players in Europe digital oilfield market include Siemens AG, ABB Ltd, Kongsberg Gruppen, Weatherford International plc, and Accenture PLC.
TechSci Research carried out Europe digital oilfield market study by considering various aspects of the market. In the beginning, a brief study was conducted to understand each aspect of market outlook such as drivers, challenges, trends and various other factors affecting the market. Moreover, an in-depth analysis was conducted to understand Europe digital oilfield market scenario and to gauge the competitive scenario.
Afterwards, a detailed scrutiny of by process, by solution, and by country markets for Europe digital oilfield market was conducted. In order to extract the data for Europe digital oilfield market, primary research surveys were conducted with key opinion leaders, digital oilfield solutions providers, digital oilfield software & service vendors, distributors, and channel partners to understand historical and present trends.
The dedicated team of industry experts has comprehensively monitored and analysed various aspects of Europe digital oilfield market. TechSci research team has analysed various segments and speculated a positive future for Europe digital oilfield market and subsequent countries. Moreover, various secondary sources were utilized for preparing this report such as Digital Science and Society, European Digital Oilfield Summit and databases such as company annual reports, financial reports, proprietary databases, etc.
The study is useful in providing answers to past, current and future adoption of digital oilfield technologies and solutions in Europe. This study helps in analysing specific country adoption trend of digital oilfield solutions, which are useful for industry stakeholders such as oilfield service providers, IT companies, network & electronic hardware manufacturers, communication service providers, automation solution providers, resellers and channel partners, EPC contractors and sub-contractors, regulatory bodies, and customers.
In this report, Europe digital oilfield market has been segmented into the following categories, in addition to the industry trends which have also been detailed below: