Europe digital oilfield market is expected to register a CAGR of more than 4%, in value terms, to surpass $ 5 billion by 2022.
In Europe, digital oilfield technologies were first adopted by Norway and United Kingdom for exploiting offshore fields in the 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 the forecast period.
Years considered for this report:
• Historical Years: 2012-2015
• Base Year: 2016
• Estimated Year: 2017
• Forecast Period: 2017–2022
An objective of the Study:
• Historical Years: 2012-2015
• Base Year: 2016
• Estimated Year: 2017
• Forecast Period: 2017–2022
An objective of the Study:
• To analyze and forecast the market size of Europe digital oilfield, in terms of value.
• To classify and forecast Europe digital oilfield market on the basis of process, solution and regional distribution.
• To identify drivers, challenges, and opportunities available in the market for a digital oilfield in Europe.
• To examine competitive developments such as digital oilfield contracts in Europe digital oilfield market.
• To strategically profile the leading manufacturers, distributors, and importers in the market which cater to the Europe digital oilfield market.
Few of the leading players in Europe digital oilfield market include Siemens AG, ABB Ltd, Kongsberg Gruppen, Weatherford International plc, and Accenture PLC.
Key Target Audience:
• Digital oilfield service providers, IT companies, network & electronic hardware manufacturers, communication service providers, automation solution providers, resellers and channel partners, EPC contractors and sub-contractors
• Customers (National Oil Companies, Oil & Gas Multinationals)
• Research organizations and consulting companies
• Associations, organizations, forums, and alliances related to digital oilfield technologies
• Government bodies such as regulating authorities and policymakers
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 analyzing specific country adoption trend of digital oilfield solutions, which are used 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.
Report Scope:
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:
• The market, By Process:
o Drilling Optimization
o Production Optimization
o Reservoir Optimization
o Others
• The market, By Solution:
o Instrumentation & Automation
o IT Services
• The market, By Country:
o Russia
o Norway
o United Kingdom
o Italy
o Netherlands
o Others
Full report Here: Energy & Utilities Research Trends.
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