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(Hosting-NewsWire.com, November 14, 2017 ) Smart oilfield involves the application of advanced software, hardware, and data analysis techniques to increase the E&P efficiency of oil and gas. In an era of ever-growing energy demand and depletion of smart oilfields facilitate in maximizing oilfield recovery by reducing downtime. These oilfields increase the ROI and profitability through effective integration of workflows and design, and by reducing production costs. The workflow includes business process management that utilizes advanced information technologies to streamline or even automate various operations performed across different functional teams.
Publisher’s analysts forecast the global smart oilfield market to grow at a CAGR of 4.1% during the period 2016-2020.
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Publisher’s analysts forecast the global Smart Oilfield market to grow at a CAGR of 3.36% during the period 2016-2020.
Key vendors - Baker Hughes - CNPC - Halliburton - Honeywell International - Schlumberger
Other prominent vendors - Accenture - Kongsberg Gruppen - Microseismic - National Oilwell Varco - Paradigm - Pason Systems - Petrolink - Redline Communications Group
Market driver - Remote onshore and deep and ultra-deepwater offshore explorations - For a full, detailed list, view our report
Market challenge - Resistance to change - For a full, detailed list, view our report
Market trend - Advances in smart oilfield technology - For a full, detailed list, view our report
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Fundamentals of Table of Content:
PART 01: Executive summary - Highlights PART 02: Scope of the report - Market overview - Top-vendor offerings PART 03: Market research methodology - Research methodology - Economic indicators PART 04: Introduction - Key market highlights PART 05: Market landscape - Market overview - Market size and forecast - Five forces analysis PART 06: Market segmentation by technology and services - Global smart oilfield market by technology and services - Global smart oilfield market by services - Global smart oilfield market by hardware technologies - Global smart oilfield market by software technologies
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PART 07: Geographical Segmentation - Global smart oilfield market by geographical segmentation - Smart oilfield market in the Americas - Smart oilfield market in EMEA - Smart oilfield market in APAC PART 08: Key leading countries - US - China PART 09: Market drivers - Reduction in production costs - Increase in patent filing - Low oil prices - Remote onshore and deep and ultra-deepwater offshore explorations - Need for fast and easy data access - Enhanced business productivity PART 10: Impact of drivers PART 11: Market challenges - Cyber security concerns - Integration of smart oilfield systems with existing application systems - Resistance to change - Uncertainties about benefits of smart oilfield technologies PART 12: Impact of drivers and challenges PART 13: Market trends - Advances in smart oilfield technology - Growing use of big data analytics, IoT, and robotics - Workforce, data, and asset security - Increased use of mobile devices PART 14: Vendor landscape
Browse complete report @ http://www.reportsweb.com/global-smart-oilfield-market-2016-2020
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