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M a r k e t I n t e l l i g e n c e . C o n s u l t i n g
North America Digital Oilfield Market
By Process, By Solution,
Competition Forecast & Opportunities,
2012–2022
Ta b l e o f C o n t e n t s
©TechSci Research
2
S No. Contents
1. Product Overview
2. Research Methodology
3. Analyst View
4. Global Digital Oilfield Market Outlook
4.1. Market Size & Forecast
4.1.1. By Value
5. North America Digital Oilfield Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1.
By Process (Drilling Optimization, Production Optimization, Reservoir
Optimization & Others)
5.2.2. By Solution (Instrumentation & Automation and IT Services)
5.3. By Country
5.3.1. United States Digital Oilfield Market Outlook
5.3.1.1. Market Size & Forecast
5.3.1.1.1. By Value
5.3.1.2. Market Share & Forecast
5.3.1.2.1. By Process & Solution
5.3.2. Canada Digital Oilfield Market Outlook
5.3.2.1. Market Size & Forecast
5.3.2.1.1. By Value
Ta b l e o f C o n t e n t s
©TechSci Research
3
S No. Contents
5.3.2.2. Market Share & Forecast
5.3.2.2.1. By Process & Solution
5.3.3. Mexico Digital Oilfield Market Outlook
5.3.3.1. Market Size & Forecast
5.3.3.1.1. By Value
5.3.3.2. Market Share & Forecast
5.3.3.2.1. By Process & Solution
6. Market Dynamics
6.1. Drivers
6.2. Challenges
7. Market Trends & Developments
7.1. Increasing Partnerships and Joint Ventures
7.2. Growing Consolidation in Digital Oilfield Industry
7.3. Rising Production from Offshore Fields
7.4. Revenue Generation through Aftermarket Services
7.5. Surging Investments in Research & Development
7.6. Downturn in Oil & Gas Industry
7.7. Implementation of Stringent Regulations for Offshore E&P Activities
8. Competitive Landscape
8.1. Competition Matrix
8.2. Company Profiles
Ta b l e o f C o n t e n t s
©TechSci Research
4
S No. Contents
8.2.1. Schlumberger Limited
8.2.2. Halliburton
8.2.3. Baker Hughes Incorporated
8.2.4. Honeywell International Inc
8.2.5. National Oilwell Varco, Inc.
8.2.6. Cisco Systems, Inc
8.2.7. Emerson Electric Co.
8.2.8. General Electric Company
8.2.9. Rockwell Automation, Inc.
8.2.10. Pason Systems Corp.
8.2.11. International Business Machines (IBM) Corporation
8.2.12. Dell EMC
8.2.13. Paradigm
9. About Us & Disclaimer
L i s t o f F i g u r e s
5
© TechSci Research
S. No Title
Figure 1: Global Digital Oilfield Market Size, By Value, 2012–2022F (USD Billion)
Figure 2: North America Digital Oilfield Market Size, By Value, 2012 – 2022F (USD Billion)
Figure 3: North America Digital Oilfield Market Share, By Process, By Value, 2012 – 2022F
Figure 4: North America Digital Oilfield Market Share, By Solution, By Value, 2012 – 2022F
Figure 5: North America Digital Oilfield Market Share, By Country, By Value, 2012 – 2022F
Figure 6: United States Digital Oilfield Market Size, By Value, 2012 – 2022F (USD Billion)
Figure 7: United States Digital Oilfield Market Share, By Process, By Value, 2012 – 2022F
Figure 8: United States Digital Oilfield Market Share, By Solution, By Value, 2012 – 2022F
Figure 9: Canada Digital Oilfield Market Size, By Value, 2012 – 2022F (USD Billion)
Figure 10: Canada Digital Oilfield Market Share, By Process, By Value, 2012 – 2022F
Figure 11: Canada Digital Oilfield Market Share, By Solution, By Value, 2012 – 2022F
Figure 12: Mexico Digital Oilfield Market Size, By Value, 2012 – 2022F (USD Billion)
Figure 13: Mexico Digital Oilfield Market Share, By Process, By Value, 2012 – 2022F
Figure 14: Mexico Digital Oilfield Market Share, By Solution, By Value, 2012 – 2022F
6
© TechSci Research
S. No Title
Table 1: Global Energy Mix, By Fuel Type, 2010 & 2015
Table 2:
Global Investments (Cumulative) in Gas Sector, Energy Supply and Energy Efficiency, By Region,
2014–2035F (USD Billion)
Table 3: North America Rig Count, By Country, 2012-2016
Table 4: List of Major Partnerships in Global Digital Oilfield Industry, 2016
Table 5: List of Major Mergers & Acquisitions in Global Digital Oilfield Industry
L i s t o f Ta b l e s
P r o d u c t O v e r v i e w
7
©TechSci Research
Digital oilfield is an innovative solution of providing products and services to the upstream field operators by oil
field service provider companies, wherein they integrate conventional oilfield services with automation, secure
communication and information technology. Digital oilfields are employed to integrate intelligent wells and
various modern sensing technologies to automate, optimise and improve hydrocarbon recovery rates by using
real time data to support the field operator’s operational decisions. Digital oilfields also help in improving the
profitability of the upstream company by reducing their production costs, improving recovery rate and reducing
non-productive time by the deployment of innovative, optimized and efficient integrated workflows.
Digital oilfields is a solution which is provided by integrating different technologies, communication solutions,
software and hardware components. Generally, big oilfield service providers provide integrated full suite of
digital technologies, however there are vendors and sub-vendors who provide standalone software, hardware
(network and control equipment), which are integrated by oilfield service providers to develop a true digital
oilfield.
Digital
Oilfield
Operational
Efficiency
Production
Optimization
Collaboration
Decision
Support
Data
Integration
Workflow
Automation
R e s e a r c h M e t h o d o l o g y
8
©TechSci Research
A
C
B
Primary
Research
Company
Analysis
Desk
Research
 Identifying Key Opinion
Leaders
 Questionnaire Design
 In-depth Interviews
 Market Participants
 Key Strengths
 Key Challenges
 Growth Drivers
 Recent
Developments
 Market Changing
Aspects/Dynamics
 Government
Policies
 Final Conclusion
 TechSci Internal
Database
 Interview with
key opinion
leaders
 Factiva
 Hoovers
Paid Sources
 Company Website
 Company Annual
Reports
 White Paper Study
 Financial Reports
 Investor
Presentations
 Regulatory Body,
Associations, etc.
Secondary
Research
Primary
Research
Data
Collection
Data Filter
& Analysis
Research &
Intelligence
Actionable
Insights
Business
Solution
•In-depth secondary research was conducted to
determine market size of North America digital
oilfield market during 2012-2022.
Market Profiling
•In order to conduct industry experts interviews,
TechSci Research formulated a detailed
questionnaire.
Formulating Questionnaire
•List of industry players providing solutions in
digital oilfield space, such as oilfield services
providers, IT companies, hardware providers,
network equipment providers, and
communication service providers was prepared.
Developing List of Respondents
•TechSci Research conducted interviews with
industry experts, industry players, for data
collection and verification.
Data Collection
•Data obtained as a result of primary and
secondary research was validated through
rigorous triangulation.
Data Validation
•The data was scrutinized using MS-Excel and
statistical tools such as Time Series analysis,
etc., to obtain qualitative and quantitative
insights about the North America digital oilfield
market.
Data Analysis
R e s e a r c h M e t h o d o l o g y
9
©TechSci Research
OBJECTIVE: The primary objective of the study is to understand present market and forecast North America
digital oilfield market.
APPROACH & SOURCES: In order to forecast North America digital oilfield market, both top down and
bottom up approaches have been used. Multiple employees from the following companies have been interviewed
through telephonic conversations in order to extract and verify the information being collected at the source.
Partial List of Companies/Associations Interviewed
Baker Hughes Halliburton
Kongsberg Oil & Gas Technologies GE Oil and Gas
BP P.L.C. Chevron Corporation
Royal Dutch Shell IPCOS
Sinopec Oilfield Service Corporation National Oilwell Varco, Inc.
TechSci Research has scrutinized various published documents from following key sources to fill data gaps and
verify information collected through primary research surveys.
Partial List of Secondary Sources
Companies Websites & Annual Reports Various Country Specific Government Websites
White Papers and Secondary Literature on Digital
Oilfield Solutions
World Bank Economic Data
Product Brochures of Key Manufacturers UN Comtrade
R e s e a r c h M e t h o d o l o g y
10
©TechSci Research
The study has been carried out considering various aspects of North America digital oilfield market
In the beginning, a brief study of major players operating in North America digital oilfield market was
conducted, which includes analysis of information such as ongoing projects followed by details of expected year
of commissioning and estimated investments along with the expansion plans of various other projects across
the globe.
Moreover, a detailed and in-depth scrutiny of information was done to understand each and every policy or
external or internal factor that could increase or decrease demand for digital oilfield solutions and services
across the country. For this, extensive secondary research was done to understand digital oilfield products and
services available for upstream oil & gas industry, and how these stand against competitors solutions, based on
their features and cost-effectiveness. This was followed by a detailed assessment of digital oilfield market in
the regional states of North America.
Finally, a application-wise product deployment among various countries was identified and growth in North
America digital oilfield market was forecast.
R e s e a r c h M e t h o d o l o g y
11
©TechSci Research
As the era of easy oil is coming to an end, new oil & gas fields are being discovered in extreme and challenging
environments. These offshore fields vary in depths ranging from a few hundred feet to thousand feet.
Development of offshore fields at such depths require skilled resources and experience in handling projects of
such scale along with keeping in mind the safety of employees. Also, the companies have to formulate
integrated workflows that improve efficiency, optimize processes, reduce non productive time, which helps in
keeping the CAPEX budget under control in the low crude oil price environment.
In order to extract data for North America digital oilfield market, primary research surveys were conducted with
key digital oilfield solution providers, so as to assess the past market trends. However, for forecasting the
market, following assumptions have been made -
❖ Energy demand will continue to increase on account of growing need from North America region.
❖ Oil & gas exploration companies will focus on deepwater and ultra-deepwater offshore fields as onshore
fields become scarce
❖ Low price of crude oil would encourage employment of information technology in exploration & production
to bring down CAPEX and OPEX. This would fuel demand for digital oilfield services.
Considering these assumptions, our dedicated team of industry experts have comprehensively monitored and
analyzed various aspects of North America digital oilfield market. The team has also interviewed various
industry experts and speculated a positive future for North America digital oilfield market.
Taking into consideration technological advancements, increasing capital investments, favorable government
support, etc., our team of analysts has provided a prudent analysis of the industry’s performance in the future.
I n d u s t r y B r i e f
12
North America Digital Oilfield Market to Cross $ 6 Billion by 2022
According to a recently published TechSci Research report, “North America Digital Oilfield Market By Process, By
Solution, By Region, Competition Forecast & Opportunities, 2012–2022”, digital oilfield market in North America is
projected to cross $ 6 billion by 2022 on account of exploration and production activities taking place in offshore
fields in the region. Moreover, requirement of advanced digital technologies that provide remote controlling of
production equipment on the seabed under harsh environmental conditions and innovations in digital
oilfield technologies are further predicted to propel the market. On 31st October 2014, Paradigm announced that it
has been selected by COMESA for providing imaging, subsurface modeling and reservoir characterization for
COMESA clients in Mexico and South America. Chevron is investing around $ 1 billion in Tahiti Deepwater Project in
the Gulf of Mexico. All these developments are anticipated to create huge demand for digital oilfield technologies,
software, and associated services in North America during the forecast period.
North America digital oilfield market was led by drilling optimization process in 2016 on the back of oilfield
operators continuously looking for solutions to reduce their operational costs and significantly improve efficiency of
overall operations. However, a slight decline in share of the process is predicted, which can be attributed to
completion of exploration phase in most of the major oil & gas fields across the region. Instrumentation &
automation solution dominated the market in the same year due to increasing focus of operators on automation of
repetitive and hazardous operations and remote monitoring of the offshore fields. United States control the largest
share in the market owing to increasing offshore field development activities being undertaken in Gulf of
Mexico. Some of the prominent players operating in the market include Schlumberger Limited, Halliburton, Baker
Hughes Incorporated, Honeywell International Inc, National Oilwell Varco, Inc., Cisco Systems, Inc., Emerson Electric
Co., General Electric Company, Rockwell Automation, and Pason Systems Corp.
“Surging energy demand coupled with decreasing mature fields production are expected to push upstream
companies to improve recovery rates by the use of digital oilfield technologies, consequently driving the market
through 2022. Besides that, the companies focus on exploration and production in challenging geographic terrains is
also likely to contribute to the market growth in the course of next five years”, said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting firm.
©TechSci Research
13
S a m p l e D a t a - S n a p s h o t
5
10
15
20 25
5
10
15
20 25 30
CAGR 2012 -
2016
By Value : X%
Figure 1: Global Digital Oilfield Market Size, By
Value, 2012–2022F (USD Billion)
CAGR 2017E –
2022F
By Value : X%
Figure 5: North America Digital Oilfield Market Share, By Solution, By
Value, 2012 – 2022F
20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20%
80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80%
2012 2013 2014 2015 2016 2017E 2018F 2019F 2020F 2021F 2022F
Instrumentation & Automation IT Services
Figure 11: Canada Digital Oilfield Market Share, By
Solution, By Value, 2012 – 2022F
20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20%
80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80%
Instrumentation & Automation IT Services
Figure 3: North America Digital Oilfield Market Share, By
Process, By Value, 2012 – 2022F
10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10%
20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20%
30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30%
40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40%
2012 2013 2014 2015 2016 2017E 2018F 2019F 2020F 2021F 2022F
Production Optimization Drilling Optimization
Reservoir Optimization Others
5.00 10.00 15.00 20.00 25.00
5.00 10.00 15.00 20.00 25.00 30.00
2012 2013 2014 2015 2016 2017E 2018F 2019F 2020F 2021F 2022F
CAGR 2012 - 2016
By Value : X%
Figure 6: United States Digital Oilfield Market Size, By Value, 2012–2022F (USD Billion)
CAGR 2017E – 2022F
By Value : X%
Source: XXXX
Note: These are
dummy figures;
please purchase our
report for actual data
R e p o r t O r d e r i n g
To View Sample OR Purchase Report
Report Price
Report Name: North America Digital Oilfield Market By Process, By Solution,
Competition Forecast & Opportunities, 2012–2022
License Type Price
Electronic Access - Single User License $2500
CD-ROM Mail Delivery $3000
Hard Copy Mail Delivery $3500
Electronic Access - Multi-User License $6000
A b o u t U s & D i s c l a i m e r
15
©TechSci Research
TechSci Research – North America
708 Third Avenue, Manhattan,
New York, United States
Tel: +1- 646- 360- 1656
Email: sales@techsciresearch.com
www.techsciresearch.com
About Us :
TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research
provides market research reports in a number of areas to organizations. The company uses innovative business models that
focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use
various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-
up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and
industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.
Related Reports
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Partial List of Clients
Disclaimer :
The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is
made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained
from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy,
adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of
such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information
herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative
market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of
TechSci Research.
TechSci Research – Europe
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Peterborough,
United Kingdom
Email: sales@techsciresearch.com
www.techsciresearch.com
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Capital Region, U.P. - India
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North America Digital Oilfield Market Forecast 2022 - brochure

  • 1. M a r k e t I n t e l l i g e n c e . C o n s u l t i n g North America Digital Oilfield Market By Process, By Solution, Competition Forecast & Opportunities, 2012–2022
  • 2. Ta b l e o f C o n t e n t s ©TechSci Research 2 S No. Contents 1. Product Overview 2. Research Methodology 3. Analyst View 4. Global Digital Oilfield Market Outlook 4.1. Market Size & Forecast 4.1.1. By Value 5. North America Digital Oilfield Market Outlook 5.1. Market Size & Forecast 5.1.1. By Value 5.2. Market Share & Forecast 5.2.1. By Process (Drilling Optimization, Production Optimization, Reservoir Optimization & Others) 5.2.2. By Solution (Instrumentation & Automation and IT Services) 5.3. By Country 5.3.1. United States Digital Oilfield Market Outlook 5.3.1.1. Market Size & Forecast 5.3.1.1.1. By Value 5.3.1.2. Market Share & Forecast 5.3.1.2.1. By Process & Solution 5.3.2. Canada Digital Oilfield Market Outlook 5.3.2.1. Market Size & Forecast 5.3.2.1.1. By Value
  • 3. Ta b l e o f C o n t e n t s ©TechSci Research 3 S No. Contents 5.3.2.2. Market Share & Forecast 5.3.2.2.1. By Process & Solution 5.3.3. Mexico Digital Oilfield Market Outlook 5.3.3.1. Market Size & Forecast 5.3.3.1.1. By Value 5.3.3.2. Market Share & Forecast 5.3.3.2.1. By Process & Solution 6. Market Dynamics 6.1. Drivers 6.2. Challenges 7. Market Trends & Developments 7.1. Increasing Partnerships and Joint Ventures 7.2. Growing Consolidation in Digital Oilfield Industry 7.3. Rising Production from Offshore Fields 7.4. Revenue Generation through Aftermarket Services 7.5. Surging Investments in Research & Development 7.6. Downturn in Oil & Gas Industry 7.7. Implementation of Stringent Regulations for Offshore E&P Activities 8. Competitive Landscape 8.1. Competition Matrix 8.2. Company Profiles
  • 4. Ta b l e o f C o n t e n t s ©TechSci Research 4 S No. Contents 8.2.1. Schlumberger Limited 8.2.2. Halliburton 8.2.3. Baker Hughes Incorporated 8.2.4. Honeywell International Inc 8.2.5. National Oilwell Varco, Inc. 8.2.6. Cisco Systems, Inc 8.2.7. Emerson Electric Co. 8.2.8. General Electric Company 8.2.9. Rockwell Automation, Inc. 8.2.10. Pason Systems Corp. 8.2.11. International Business Machines (IBM) Corporation 8.2.12. Dell EMC 8.2.13. Paradigm 9. About Us & Disclaimer
  • 5. L i s t o f F i g u r e s 5 © TechSci Research S. No Title Figure 1: Global Digital Oilfield Market Size, By Value, 2012–2022F (USD Billion) Figure 2: North America Digital Oilfield Market Size, By Value, 2012 – 2022F (USD Billion) Figure 3: North America Digital Oilfield Market Share, By Process, By Value, 2012 – 2022F Figure 4: North America Digital Oilfield Market Share, By Solution, By Value, 2012 – 2022F Figure 5: North America Digital Oilfield Market Share, By Country, By Value, 2012 – 2022F Figure 6: United States Digital Oilfield Market Size, By Value, 2012 – 2022F (USD Billion) Figure 7: United States Digital Oilfield Market Share, By Process, By Value, 2012 – 2022F Figure 8: United States Digital Oilfield Market Share, By Solution, By Value, 2012 – 2022F Figure 9: Canada Digital Oilfield Market Size, By Value, 2012 – 2022F (USD Billion) Figure 10: Canada Digital Oilfield Market Share, By Process, By Value, 2012 – 2022F Figure 11: Canada Digital Oilfield Market Share, By Solution, By Value, 2012 – 2022F Figure 12: Mexico Digital Oilfield Market Size, By Value, 2012 – 2022F (USD Billion) Figure 13: Mexico Digital Oilfield Market Share, By Process, By Value, 2012 – 2022F Figure 14: Mexico Digital Oilfield Market Share, By Solution, By Value, 2012 – 2022F
  • 6. 6 © TechSci Research S. No Title Table 1: Global Energy Mix, By Fuel Type, 2010 & 2015 Table 2: Global Investments (Cumulative) in Gas Sector, Energy Supply and Energy Efficiency, By Region, 2014–2035F (USD Billion) Table 3: North America Rig Count, By Country, 2012-2016 Table 4: List of Major Partnerships in Global Digital Oilfield Industry, 2016 Table 5: List of Major Mergers & Acquisitions in Global Digital Oilfield Industry L i s t o f Ta b l e s
  • 7. P r o d u c t O v e r v i e w 7 ©TechSci Research Digital oilfield is an innovative solution of providing products and services to the upstream field operators by oil field service provider companies, wherein they integrate conventional oilfield services with automation, secure communication and information technology. Digital oilfields are employed to integrate intelligent wells and various modern sensing technologies to automate, optimise and improve hydrocarbon recovery rates by using real time data to support the field operator’s operational decisions. Digital oilfields also help in improving the profitability of the upstream company by reducing their production costs, improving recovery rate and reducing non-productive time by the deployment of innovative, optimized and efficient integrated workflows. Digital oilfields is a solution which is provided by integrating different technologies, communication solutions, software and hardware components. Generally, big oilfield service providers provide integrated full suite of digital technologies, however there are vendors and sub-vendors who provide standalone software, hardware (network and control equipment), which are integrated by oilfield service providers to develop a true digital oilfield. Digital Oilfield Operational Efficiency Production Optimization Collaboration Decision Support Data Integration Workflow Automation
  • 8. R e s e a r c h M e t h o d o l o g y 8 ©TechSci Research A C B Primary Research Company Analysis Desk Research  Identifying Key Opinion Leaders  Questionnaire Design  In-depth Interviews  Market Participants  Key Strengths  Key Challenges  Growth Drivers  Recent Developments  Market Changing Aspects/Dynamics  Government Policies  Final Conclusion  TechSci Internal Database  Interview with key opinion leaders  Factiva  Hoovers Paid Sources  Company Website  Company Annual Reports  White Paper Study  Financial Reports  Investor Presentations  Regulatory Body, Associations, etc. Secondary Research Primary Research Data Collection Data Filter & Analysis Research & Intelligence Actionable Insights Business Solution •In-depth secondary research was conducted to determine market size of North America digital oilfield market during 2012-2022. Market Profiling •In order to conduct industry experts interviews, TechSci Research formulated a detailed questionnaire. Formulating Questionnaire •List of industry players providing solutions in digital oilfield space, such as oilfield services providers, IT companies, hardware providers, network equipment providers, and communication service providers was prepared. Developing List of Respondents •TechSci Research conducted interviews with industry experts, industry players, for data collection and verification. Data Collection •Data obtained as a result of primary and secondary research was validated through rigorous triangulation. Data Validation •The data was scrutinized using MS-Excel and statistical tools such as Time Series analysis, etc., to obtain qualitative and quantitative insights about the North America digital oilfield market. Data Analysis
  • 9. R e s e a r c h M e t h o d o l o g y 9 ©TechSci Research OBJECTIVE: The primary objective of the study is to understand present market and forecast North America digital oilfield market. APPROACH & SOURCES: In order to forecast North America digital oilfield market, both top down and bottom up approaches have been used. Multiple employees from the following companies have been interviewed through telephonic conversations in order to extract and verify the information being collected at the source. Partial List of Companies/Associations Interviewed Baker Hughes Halliburton Kongsberg Oil & Gas Technologies GE Oil and Gas BP P.L.C. Chevron Corporation Royal Dutch Shell IPCOS Sinopec Oilfield Service Corporation National Oilwell Varco, Inc. TechSci Research has scrutinized various published documents from following key sources to fill data gaps and verify information collected through primary research surveys. Partial List of Secondary Sources Companies Websites & Annual Reports Various Country Specific Government Websites White Papers and Secondary Literature on Digital Oilfield Solutions World Bank Economic Data Product Brochures of Key Manufacturers UN Comtrade
  • 10. R e s e a r c h M e t h o d o l o g y 10 ©TechSci Research The study has been carried out considering various aspects of North America digital oilfield market In the beginning, a brief study of major players operating in North America digital oilfield market was conducted, which includes analysis of information such as ongoing projects followed by details of expected year of commissioning and estimated investments along with the expansion plans of various other projects across the globe. Moreover, a detailed and in-depth scrutiny of information was done to understand each and every policy or external or internal factor that could increase or decrease demand for digital oilfield solutions and services across the country. For this, extensive secondary research was done to understand digital oilfield products and services available for upstream oil & gas industry, and how these stand against competitors solutions, based on their features and cost-effectiveness. This was followed by a detailed assessment of digital oilfield market in the regional states of North America. Finally, a application-wise product deployment among various countries was identified and growth in North America digital oilfield market was forecast.
  • 11. R e s e a r c h M e t h o d o l o g y 11 ©TechSci Research As the era of easy oil is coming to an end, new oil & gas fields are being discovered in extreme and challenging environments. These offshore fields vary in depths ranging from a few hundred feet to thousand feet. Development of offshore fields at such depths require skilled resources and experience in handling projects of such scale along with keeping in mind the safety of employees. Also, the companies have to formulate integrated workflows that improve efficiency, optimize processes, reduce non productive time, which helps in keeping the CAPEX budget under control in the low crude oil price environment. In order to extract data for North America digital oilfield market, primary research surveys were conducted with key digital oilfield solution providers, so as to assess the past market trends. However, for forecasting the market, following assumptions have been made - ❖ Energy demand will continue to increase on account of growing need from North America region. ❖ Oil & gas exploration companies will focus on deepwater and ultra-deepwater offshore fields as onshore fields become scarce ❖ Low price of crude oil would encourage employment of information technology in exploration & production to bring down CAPEX and OPEX. This would fuel demand for digital oilfield services. Considering these assumptions, our dedicated team of industry experts have comprehensively monitored and analyzed various aspects of North America digital oilfield market. The team has also interviewed various industry experts and speculated a positive future for North America digital oilfield market. Taking into consideration technological advancements, increasing capital investments, favorable government support, etc., our team of analysts has provided a prudent analysis of the industry’s performance in the future.
  • 12. I n d u s t r y B r i e f 12 North America Digital Oilfield Market to Cross $ 6 Billion by 2022 According to a recently published TechSci Research report, “North America Digital Oilfield Market By Process, By Solution, By Region, Competition Forecast & Opportunities, 2012–2022”, digital oilfield market in North America is projected to cross $ 6 billion by 2022 on account of exploration and production activities taking place in offshore fields in the region. Moreover, requirement of advanced digital technologies that provide remote controlling of production equipment on the seabed under harsh environmental conditions and innovations in digital oilfield technologies are further predicted to propel the market. On 31st October 2014, Paradigm announced that it has been selected by COMESA for providing imaging, subsurface modeling and reservoir characterization for COMESA clients in Mexico and South America. Chevron is investing around $ 1 billion in Tahiti Deepwater Project in the Gulf of Mexico. All these developments are anticipated to create huge demand for digital oilfield technologies, software, and associated services in North America during the forecast period. North America digital oilfield market was led by drilling optimization process in 2016 on the back of oilfield operators continuously looking for solutions to reduce their operational costs and significantly improve efficiency of overall operations. However, a slight decline in share of the process is predicted, which can be attributed to completion of exploration phase in most of the major oil & gas fields across the region. Instrumentation & automation solution dominated the market in the same year due to increasing focus of operators on automation of repetitive and hazardous operations and remote monitoring of the offshore fields. United States control the largest share in the market owing to increasing offshore field development activities being undertaken in Gulf of Mexico. Some of the prominent players operating in the market include Schlumberger Limited, Halliburton, Baker Hughes Incorporated, Honeywell International Inc, National Oilwell Varco, Inc., Cisco Systems, Inc., Emerson Electric Co., General Electric Company, Rockwell Automation, and Pason Systems Corp. “Surging energy demand coupled with decreasing mature fields production are expected to push upstream companies to improve recovery rates by the use of digital oilfield technologies, consequently driving the market through 2022. Besides that, the companies focus on exploration and production in challenging geographic terrains is also likely to contribute to the market growth in the course of next five years”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
  • 13. ©TechSci Research 13 S a m p l e D a t a - S n a p s h o t 5 10 15 20 25 5 10 15 20 25 30 CAGR 2012 - 2016 By Value : X% Figure 1: Global Digital Oilfield Market Size, By Value, 2012–2022F (USD Billion) CAGR 2017E – 2022F By Value : X% Figure 5: North America Digital Oilfield Market Share, By Solution, By Value, 2012 – 2022F 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 2012 2013 2014 2015 2016 2017E 2018F 2019F 2020F 2021F 2022F Instrumentation & Automation IT Services Figure 11: Canada Digital Oilfield Market Share, By Solution, By Value, 2012 – 2022F 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% Instrumentation & Automation IT Services Figure 3: North America Digital Oilfield Market Share, By Process, By Value, 2012 – 2022F 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 2012 2013 2014 2015 2016 2017E 2018F 2019F 2020F 2021F 2022F Production Optimization Drilling Optimization Reservoir Optimization Others 5.00 10.00 15.00 20.00 25.00 5.00 10.00 15.00 20.00 25.00 30.00 2012 2013 2014 2015 2016 2017E 2018F 2019F 2020F 2021F 2022F CAGR 2012 - 2016 By Value : X% Figure 6: United States Digital Oilfield Market Size, By Value, 2012–2022F (USD Billion) CAGR 2017E – 2022F By Value : X% Source: XXXX Note: These are dummy figures; please purchase our report for actual data
  • 14. R e p o r t O r d e r i n g To View Sample OR Purchase Report Report Price Report Name: North America Digital Oilfield Market By Process, By Solution, Competition Forecast & Opportunities, 2012–2022 License Type Price Electronic Access - Single User License $2500 CD-ROM Mail Delivery $3000 Hard Copy Mail Delivery $3500 Electronic Access - Multi-User License $6000
  • 15. A b o u t U s & D i s c l a i m e r 15 ©TechSci Research TechSci Research – North America 708 Third Avenue, Manhattan, New York, United States Tel: +1- 646- 360- 1656 Email: sales@techsciresearch.com www.techsciresearch.com About Us : TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in a number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom- up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market. Related Reports Iran Oilfield Services Market Forecast and Opportunities, 2021 Saudi Arabia Industrial Gases Market Forecast and Opportunities, 2021 Saudi Arabia Oil Field Equipment Rental Market Forecast and Opportunities, 2021 Partial List of Clients Disclaimer : The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research. TechSci Research – Europe 54, Oldbrook, Bretton, Peterborough, United Kingdom Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Asia-Pacific B - 44, Sector -57, Noida, National Capital Region, U.P. - India Tel: +91-120-4523900 Email: sales@techsciresearch.com www.techsciresearch.com