Connected Oilfield Services Market

Energy Connected Oilfield Services Market

Disrupting a $250 Billion Market, a Fragmented Ecosystem Looks at Convergence Amid Volatile Oil Prices

INDUSTRY
Energy
SECTOR
Oil & Gas

RELEASE DATE
09-Sep-2016
REGION
Global
DELIVERABLE TYPE
Market Research

RESEARCH CODE
MC68-01-00-00-00
SKU
EG01683-GL-MR_19021
Yes
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Connected Oilfield Services Market
Published on: 09-Sep-2016 | SKU: EG01683-GL-MR_19021

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The recent decline in oil prices has put the brakes on a few technology investments; however, it has also created a need for greater efficiency in the oil and gas sector. Most oil and gas companies are operating assets in challenging conditions across multiple regions. Ensuring operational efficiency through the greater use of technology is therefore of paramount importance, and this research service highlights future solutions that could help achieve greater efficiency.

Top 5 Things a CEO Should Know

Executive Summary

5 Trends that Define the Future of the Market

The Next Big Thing(s) in the Market

Snapshot of Top Opportunities for AI in the Oil and Gas Industry

Convergence of People, Process, and Technology Creates a Vortex of Change

Connected Oilfield Services—Game Changers and Their Impact on Future Landscape

Associated Research and Multimedia on Energy and Environment

Scope of the Study

Product Definitions

Product Definitions (continued)

Oilfield Services Definition

Oilfield Services Definition (continued)

Pressure Point 1—Asset Availability

Pressure Point 1—Asset Availability (continued)

Pressure Point 2—Cost of Core Services

Pressure Point 3—Protecting Operational Margins

Tectonic Shifts Witnessed in the Oilfield Industry

Why do Oilfields Need Smart Services?

Ecosystem—The Who’s Who of the Market

Technology Convergence Trends to Drive Out Inefficiencies

Defining the Reality of Connected Oilfield Services

Connected Oilfield Services—Deep Architecture; Wide Structure

Challenges Faced by the Oil Industry and its Connectedness

Connected Oilfield Services—Multi-level IT-OT Architecture

Connected Oilfield Services—Totally Integrated Digital Oilfield

Connected Oilfield Services—Growth Opportunities 1

Connected Oilfield Services—Growth Opportunities 2

Outcomes of Smart Oilfields—Driving Throughput Efficiencies

Industry Partnerships Drive Oilfield Efficiencies

Use Case 1—Production Efficiencies – BP + GE Predix

Connected Oilfield Services Impact Predictive Asset Management

Use Case 2—Predictive Asset Management – IBM Smart Solutions

Connected Oilfield Services Need a Pore-to-Pipeline Portfolio

Use Case 3—Asset Performance – Schlumberger + Cameron

Use Case 3—Asset Performance – Schlumberger + Cameron (continued)

Use Case 3—Asset Performance – Schlumberger + Cameron (continued)

Connected Oilfield Services Impact Production Cost Efficiencies

Use Case 4—Production Cost Efficiencies – SAP SE + Mobility

Industry Pressure Points Drive Consolidation in Oilfield Services Platforms

Elements of Digital Oilfield—Bringing Together the Siloes

Industry Challenges Fire Innovation in Oilfield Services

Implications of Platform Adoption for Oilfield Services

Platforms Play a Key Role in Connecting Oilfield Services Stakeholders

Single Platform is the New Need

Ecosystem—The Who’s Who of the Market

Ecosystem—Mergers and Acquisitions

Use Case 1—GE and its Positioning as a Full Stream Service Provider

Use Case 1—GE and its Positioning as a Full Stream Service Provider (continued)

Use Case 1—GE and its Positioning as a Full Stream Service Provider (continued)

Use Case 2—Halliburton Utilises Cloud Services to Optimise Recovery

Smart Solutions to Connect Oilfield Service Equipment

Oilfield Operators—Low Commodity Prices Challenge the Traditional Business Model and Drive New Business Models

Transforming the Business Models of Equipment Manufacturers

What Should Equipment Manufacturers Do?

Business Model Transformation Benefits to OEMs in the Oilfield

Asset Classes and Analytical Services Offered (Partial Listing)

Use Case—Chevron Monitors Performance by Predictive Maintenance

Top 5 Objectives of Oil Operators in the Short Term for Automation

Oilfield Operator Expectations from Automation Companies

Technologies and Domain Expertise Turn MAC into MIC

CAMP Index for the Automation Sector in the Market

Automation Portfolio Expansion to Drive Smart Business

Mergers and Acquisitions of Automation Companies in the Oilfield

Industry Partnerships Drive Portfolio Expansion

Use Case 1—Changing Trends – Core Automation Moving into Analytics

Use Case 1—Changing Trends – Core Automation Moving into Analytics (continued)

Use Case 2—New Market Alliances Forming – Analytics PaaS

Use Case 3—Predictive Analytics Helps Reduce Failures and Downtime

Use Case 3—Predictive Analytics Helps Reduce Failures and Downtime (continued)

IT Applications Evolution in the Oilfield Industry – AI Takes Over

The Arrival of ML and AI in Oilfield Services – Timely and Disruptive

Applications of AI and VA across the Value Chain

Business Model Transformation – from Cloud to AI

AI is the New Reality

AI Architecture in Oilfield Services

Neural Networks Become Stronger in the Oilfield

Cognitive Computing Enables Optimisation

ML Application in Oilfield Services

ML Application in Oilfield Services (continued)

Industry Partnerships Drive AI Penetration

Use Case 1—AI Assists in Reservoir Management

Use Case 2—Production Optimisation for Complex Fields

Use Case 3—Convergence Brings AI to Oilfield Services

Use Case 3—Convergence Brings AI to Oilfield Services (continued)

Use Case 4—Repsol and IBM Collaborate on Cognitive Technologies

Use Case 5—Finding New Reserves with New Technological Frontiers

AI and ML Ecosystem

Top Recommendations

Legal Disclaimer

Learn More—Next Steps

The Frost & Sullivan Story

Value Proposition: Future of Your Company & Career

Global Perspective

Industry Convergence

360º Research Perspective

Implementation Excellence

Our Blue Ocean Strategy


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The recent decline in oil prices has put the brakes on a few technology investments; however, it has also created a need for greater efficiency in the oil and gas sector. Most oil and gas companies are operating assets in challenging conditions across multiple regions. Ensuring operational efficiency through the greater use of technology is therefore of paramount importance, and this research service highlights future solutions that could help achieve greater efficiency.
More Information
Deliverable Type Market Research
No Index No
Podcast No
Author Manoj Shankar
Industries Energy
WIP Number MC68-01-00-00-00
Is Prebook No