The global crude oil demand, safety reasons, and the receding number of employees in the oil & gas industry are driving the growth of digital oil field market. The influence of adoption by a single E&P company has also influenced other companies in respective regions to implement oil field technology based E&P processes.Smart field operations have proven its significance for exploration, surveying, development, well completion, and production processes. Smart field operations help industry players to integrate their operations through data management, seismic imaging, drilling, process completion, reservoir modeling, production optimization, and other vital processes. The technology results in the creation of data centers for analyzing the data acquired across various processes and creating a collaborative environment for smart decision-making.
Global Digital Oil Field Market Worth $33.3 Billion By 2022
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