Digital Oilfield

The adoption of digital oilfield technologies allows oil and gas companies to create a ‘digital twin’ that replicates the performance of an oilfield on a computer. Multinational companies, such as BP, Shell, Chevron, and Equinor are the leaders in enabling digital oilfield at some of their newer fields.

Digital oilfield. Digital Oilfield Kongsberg Advances Virtual Oilfield Tech with Digital Twin Software Debut. The software produces a virtual replica of facilities, improving oil and gas operators’ situational awareness and business decisions in real time, Kongsberg Digital President Hege Skryseth says. The digital oilfield represents the next wave of digital transformation for the oil and gas industry. Using a combination of emerging technologies such as artificial intelligence (AI), the Internet of Things (IoT), augmented reality, mobile connectivity and the cloud, the digital oilfield promises to help operators gather, analyze and react in. Digital communications such as video-conferencing between these diverse centers are an intrinsic part of the process. And the idea is not confined just to operational processes, as data fed through the intelligent oil field will inform decision-making prior to drilling an adjacent well, and will be fed into post-drill analysis. Digital Oilfield can assist oil and gas companies in increasing operational efficiency, production optimization, collaboration, data integration, decision support, and workflow automation. Maximize recovery, eliminate non-productive time, and increase profitability through the design and deployment of integrated workflows.

The global digital oilfield market is projected to reach USD 28.5 billion by 2025 from an estimated USD 20.2 billion in 2020, at a post-COVID-19 CAGR of 7.1% from 2020 to 2025. Pune, Sept. 03, 2020 (GLOBE NEWSWIRE) -- The global digital oilfield market size is expected to reach USD 29.82 billion by 2027, exhibiting a CAGR of 5.04% during the forecast period.The growing. Digital oilfield means the automation of upstream, midstream, and downstream oilfield activities. It is a part of the energy industry that has incorporated advanced software and data analysis techniques into its operations in order to provide better outputs and improve the profitability of the production process. Digital oilfield techniques are an integral part of effective planning, producing, and exploration of oil & gas wells and thereby, can substantially increase the production through statistical and analytical tools & software. Upgradation of Technology in Existing Tools and Adoption of Novel Technologies will Drive the Market

What is digital oilfield?. SPE (Society of Petroleum Engineers) defines digital oilfield as follows: “The purpose of the digital oilfield is to maximize oilfield recovery, eliminate non-productive time, and increase profitability through the design and deployment of integrated workflows. The Digital Oilfield is the landscape of digital technology and processes that collect, process, integrate, and analyze data. This data is used by upstream and midstream energy companies to reduce risk and increase productivity. Digital oilfield is a concept that combines business process management with digital technologies to automate workflows for maximizing productivity, reducing costs, and minimize the overall risks associated with oil and gas operations. It is to designed to transform the upstream sector by enabling in creation of a ‘digital twin’ that. Digital oilfields integrate technology, information, people, and processes to maximize asset performance and value across the oil and gas production life cycle. The purpose of digital or smart oilfield solutions is straightforward: to optimize production, improve operational efficiency, and increase productivity through integrated workflows.

Digital Oilfield and Intelligent Well Projects. Well Engineering Solutions; Performance Improvement; Contact Us Digital Oil Field and Intelligent Well Projects to Increase Production and Recovery. The oil and gas industry has been mesmerized for over a decade by the vision of the Digital Oil Field (DOF), which holds the promise of enabling. The digital oilfield is a core component of digital transformation in the oil and gas industry, as leading companies like Royal Dutch Shell embrace 21 st century information technologies to drive projected annual value measured in billions of dollars. For example, Shell is deploying artificial intelligence to predict performance degradation for. The Global Digital Oilfield Market was valued at USD 23,235.15 Million in the year 2018. Growing Exploration & Production (E&P) activities across the globe, exploration of shale resources as well. digital oilfield engineer Jobs on Rigzone.com. Industrial Engineer, Laboratory Engineer, FIELD ENGINEER II, MANUFACTURING ENGINEER II, Embedded Firmware Engineer- Houston, TX and many more

Don't have an account? Contact us. Copyright Digital Oilfield 2020. All rights reserved. Joanna Mainguy, Energy Industry Solution Manager for EMEA at Microsoft, and Sak Nayagam, Global Marketing Director, BakerHughesC3.ai, look at the benefits of a more collaborative approach to the digital transformation business by bringing energy technology expertise together with solutions that optimise productivity and accelerate the industry transition. Digital Oilfield Services. Remotely monitor and control any oilfield asset, surface or subsurface in true real-time. WHAT IS OILFIELD-MONITOR? Cloud solution superseding traditional SCADA technologies. Enabling remote monitoring & control of any oilfield asset, surface, or subsurface in true real-time. The digital oilfield comprises several stakeholders such as service providers, contractors, and third-party vendors. The demand side of this market is characterized by huge demand for digitalization from operators/service providers. The supply side is characterized by advancements in new technology in oilfields.

Digital oilfield is a concept that combines business process management with digital technologies to automate workflows for maximising productivity, reducing costs and minimising the overall risks associated with oil and gas operations. Digital oilfield of the future.