Global digital oil field market by services (Automation & Instrumentation, Information Technology) & geography

Thursday, Jan 24, 2013

Research and Markets (http://www.researchandmarkets.com/research/rbw8p4/global_digital) has announced the addition of the "Global Digital Oil Field Market By Services (Automation & Instrumentation, Information Technology) & Geography - Forecasts To 2022" report to their offering.

“Global Digital Oil Field Market By Services (Automation & Instrumentation, Information Technology) & Geography - Forecasts To 2022”

Digital oil field 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. Digital oil field technology includes segments of IT such as outsourcing, software services, and equipment based expenditure. Automation & instrumentation is another segment of digital oil field market, which includes key networking processes and communication technologies such as SCADA, PLC, smart well, safety systems, and wireless systems.

Digital oil field is an integrated operation system that helps in reservoir optimization, production optimization, drilling and well completion, and other processes. The above mentioned are the process improved by the implementation of the technology. This smart field based technology reinvents production using new techniques such as creation of smart wells and establishing agile communication using remote surveillance & operating and high-end technology.

Source: Business Wire

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