Huge Demand for Smart Oilfield

 

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The oil and gas companies are increasingly gravitating towards embracing innovation as oil prices sluggishly recover from the 2014 crash and rising investments in substitute sources of renewable energy gain momentum. Technological advancements are expected to shape the future of oil and gas with companies incorporating smart technologies to stay competitive and keep the fuel flowing.

Growing penetration of technology in the oil and gas industry has paved the way for the deployment of smart oilfields. Companies are increasingly deploying smart oil fields to maximize oilfield recovery, eradicate downtime, and drive profitability via integrated workflows. Highly advanced smart oil fields also help oil companies in redeveloping existing oil fields and enhance oil well management. These factors are anticipated to drive growth in the smart oilfield market.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global smart oilfield market based on various segments. It also provides market size and forecast estimates from year 2018 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The smart oilfield market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

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