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

Dublin, Ireland, Feb 22, 2013 (PRWeb.com via COMTEX) -- Research and Markets 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.

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.

Revival of the older methodologies in the oil & gas sector became essential to increase and minimize the deficit in supply. The high average age of oil & gas industry professionals indicated more retirements in the near future, resulting in reduction of man power in the industry; hence this was met by automated production platforms, intelligent machinery and systems. The safety factors proved to be high after installing digital oil field technology based machines and systems. These are the reasons which are driving the market apart from the regulations from government bodies in some parts of the world.

This Global Digital Oil Field Market report profiles leading players of this industry with their recent developments and other strategic industry activities, namely Schlumberger Ltd (U.S.), Halliburton Company (U.S.), Baker Hughes Incorporated (U.S.), Emerson Electric Company (U.S.), ABB Group (Switzerland), Microsoft Corporation (U.S.), International Business Machines Corporation (U.S.), TIBCO Software Inc. (U.S.), Tata Consultancy Service (India), Accenture Plc (Ireland), Redline Communications Group Inc. (Canada), Paradigm Ltd (U.S.), and Kongsberg Oil and Gas Technologies AS (Norway).

Key Topics Covered: 1 INTRODUCTION 2 EXECUTIVE SUMMARY 3 MARKET OVERVIEW 4 GLOBAL DIGITAL OIL FIELD MARKET, BY SERVICES 5 GLOBAL DIGITAL OIL FIELD MARKET, BY PROCESS FOCUS 6 DIGITAL OIL FIELD MARKET, BY GEOGRAPHY 7 COMPETITIVE LANDSCAPE 8 COMPANY PROFILES For more information visit http://www.researchandmarkets.com/research/rwkbmx/global_digital Research and Markets Laura Wood, Senior Manager.

press (at) researchandmarkets (dot) com U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 Sector: Oil Read the full story at http://www.prweb.com/releases/2013/2/prweb10458982.htm PRWeb.com

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