Digital Oil Field Market by Services (Automation & Instrumentation: DCS, SCADA, PLC, Smart Well & CPM; IT Services: Outsourcing, Equipment & Software) & by Processes (Reservoir, Production & Drilling Optimizations) - Global Trends & Forecasts to 2024

 Published On: Sep, 2014 |    No of Pages: 217 |  Published By: MarketsandMarkets | Format: PDF
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Report Description

The report has taken into consideration two scenarios and forecasted the market based on the assumptions made under each scenario. Scenario 1 is based on the current market environment which is characterized by participation from regions that have implemented the DOF solutions on a commercial basis. Scenario 2 presents a more optimistic projection for the market as it also takes into consideration potential market participation from the countries that have not currently regularized the adoption of DOF.

The report tracks leading players of the industry, along with their recent developments and other strategic industry activities. Some of the key companies’ profiles include Baker Hughes Inc. (U.S.), Schlumberger (U.S.), Halliburton (U.S.), Weatherford (Ireland), and Kongsberg Oil & Gas Technologies (Norway) among others.

The DOF market is segmented into five major regions, namely Western Europe, North America, Asia-Pacific, Middle East and Rest of the world. Western Europe dominates the global DOF market. In Western Europe Norway and U.K. are the leaders in this segment with maximum developments in digital oilfields market.

The market is further segmented on the basis of its services namely as instrumentation & automation and IT services, it’s also segmented on the basis of processes included in the DOF solutions covering reservoir optimization, production optimization, drilling optimization and others including safety management, asset management and maintenance & repair. The report also touches upon various important aspects of the market. These include analysis of the value chain, Porter’s Five Forces model and the competitive landscape of the market based on the developments of the key players.

The global market for the digital oilfields is expected to rise at a healthy CAGR of ~7-9% through to 2019, and ~5-6% for projections up to 2024. The Middle East and APAC regions are expected to show the highest growth rate, for the period under consideration. The key advantages provided by DOF, with respect to operations and analysis, play a vital role in the growth prospects.

The market is a fairly established segment in the exploration and production sector; its growth having received a boost by the Shale revolution. Considering the range of processes that can be optimized with DOF implementations, the segment is gaining increasing importance. Mature wells lack in high production levels; hence, DOF implementation is expected to improve oil recovery and prolonged life of reservoirs. DOF techniques also find their usage in the high risk regions such as fields in extreme conditions and offshore oil wells as it allows control of the well conditions from remote locations. The human resource shortage in E&P industry is another factor which translates into growing requirements for automation within the industry.

TABLE OF CONTENTS

1 INTRODUCTION 16
1.1 OBJECTIVES 16
1.2 ANALYST INSIGHTS 16
1.3 MARKET DEFINITIONS 17
1.4 MARKETS COVERED 17
1.5 STAKEHOLDERS 18
1.6 RESEARCH METHODOLOGY 18
1.6.1 APPROACH 18
1.6.2 MARKET SIZE ESTIMATION 19
1.6.3 MARKET CRACKDOWN & DATA TRIANGULATION 21
1.6.4 KEY DATA TAKEN FROM SECONDARY SOURCES 23
1.6.5 KEY SECONDARY SOURCES USED 23
1.6.6 KEY DATA TAKEN FROM PRIMARY SOURCES 24
1.6.7 ASSUMPTIONS MADE FOR THIS REPORT 24

2 EXECUTIVE SUMMARY 27

3 PREMIUM INSIGHTS 31
3.1 SOFTWARE SOLUTION TO LEAD THE IT SERVICES 31
3.2 WESTERN EUROPE AND NORTH AMERICA TO CONTINUE AS LEADING MARKETS 33
3.3 NEW OFFSHORE DISCOVERIES AND DEVELOPMENT IN HIGHER BANDWIDTH COMMUNICATION IS DRIVING THE ROW MARKET 34
3.4 STRATEGIC ASSESSMENT 35

4 MARKET OVERVIEW 38
4.1 INTRODUCTION 39
4.2 EVOLUTION 40
4.3 MARKET SEGMENTATION 43
4.3.1 DIGITAL OILFIELD MARKET, BY SERVICE 43
4.3.2 DIGITAL OILFIELD MARKET, BY PROCESS 44
4.3.3 DIGITAL OILFIELD MARKET BY, GEOGRAPHY 44
4.4 MARKET DYNAMICS 45
4.4.1 DRIVERS 46
4.4.1.1 Widening gap between required and available human capital 46
4.4.1.2 Tapping reserves in high risk locations 46
4.4.1.3 Investments in the offshore and ultra-deepwaters 46
4.4.2 RESTRAINTS 47
4.4.2.1 Acceptance level 47
4.4.2.2 Rise in investment and operational costs 47
4.4.2.3 Customized demands from consumers 47
4.4.2.4 Lack of understanding 47
4.4.3 OPPORTUNITY 48
4.4.3.1 Mature oilfields in North America 48
4.4.4 CHALLENGE 48
4.4.4.1 Resistance towards new technology 48
4.4.5 BURNING ISSUE 48
4.4.5.1 Building an operational model fit for multiple projects 48

5 INDUSTRY TRENDS 49
5.1 INTRODUCTION 49
5.2 VALUE CHAIN ANALYSIS 50
5.3 PROCESS CHAIN ANALYSIS 52
5.4 PORTER’S FIVE FORCES MODEL: 52
5.4.1 THREATS FROM NEW ENTRANTS 53
5.4.1.1 Focus on inorganic growth strategies 53
5.4.1.2 High investments in R&D 54
5.4.2 THREAT FROM SUBSTITUTES 54
5.4.3 BARGAINING POWER OF BUYERS 55
5.4.3.1 Resistivity towards the model 55
5.4.3.2 Standardized products and solutions available 55
5.4.4 BARGAINING POWER OF SUPPLIERS 56
5.4.4.1 Shifting of exploration and production activities to deep and ultra-deep water 56
5.4.4.2 Major players of the E&P sector are strong clients 56
5.4.5 INTENSITY OF COMPETITIVE RIVALRY 56
5.5 INDUSTRY TREND-TECHNOLOGY STATUS 57
5.6 DOF MARKET- AREAS OF INTEREST 58

6 GLOBAL DIGITAL OILFIELD MARKET, BY SERVICES 60
6.1 INTRODUCTION 61
6.2 INSTRUMENTATION & AUTOMATION 66
6.2.1 DISTRIBUTED CONTROL SYSTEM (DCS) 67
6.2.2 SUPERVISORY CONTROL & DATA ACQUISITION 68
6.2.3 SMART WELL 69
6.2.4 SAFETY SYSTEMS 70
6.2.5 WIRELESS SYSTEMS 71
6.2.6 PROGRAMMABLE LOGIC CONTROLLER 72
6.2.7 COLLABORATIVE PRODUCT MANAGEMENT 73
6.2.8 OTHER I&A SOLUTIONS 74
6.3 IT SERVICES 74
6.3.1 IT OUTSOURCING 76
6.3.2 SOFTWARE 77
6.3.3 IT SERVICES & COMMISSIONING 78
6.3.4 COMPUTER EQUIPMENT & APPLICATION HARDWARE 79

7 DIGITAL OILFIELD MARKET, BY GEOGRAPHY 80
7.1 INTRODUCTION 81
7.2 EUROPE 83
7.2.1 NORWAY 86
7.2.2 U.K. 87
7.3 NORTH AMERICA 89
7.3.1 U.S. 92
7.3.2 MEXICO 93
7.3.3 CANADA 94
7.4 ASIA-PACIFIC 95
7.4.1 CHINA 99
7.4.2 MALAYSIA 100
7.4.3 INDIA 101
7.5 MIDDLE EAST 102
7.5.1 OMAN 105
7.5.2 SAUDI ARABIA 107
7.5.3 KUWAIT 109
7.5.4 UEA 111
7.6 REST OF THE WORLD 112

8 COMPETITIVE LANDSCAPE 123
8.1 INTRODUCTION 124
8.1.1 THE DOF MARKET BASED ON PRODUCT OFFERING 125
8.2 DIGITAL OILFIELD – MARKETING & PROMOTIONAL STRATEGIES 128
8.3 KEY PLAYERS OF THE DIGITAL OILFIELD MARKET 129
8.3.1 LIST OF KEY PLAYERS 129
8.4 GROWTH STRATEGIES IN THE DIGITAL OILFIELD MARKET 129
8.5 MOST ACTIVE COMPANIES IN THE DIGITAL OILFIELD MARKET 130
8.6 NEW TECHNOLOGY/PRODUCT LAUNCHES 131
8.6.1 NEW PRODUCT DEVELOPMENT AREAS 132
8.7 CONTRACTS & AGREEMENTS 141
8.8 EXPANSIONS 147
8.9 MERGERS & ACQUISITIONS 150
8.10 PARTNERSHIPS 155

9 COMPANY PROFILES 158 (Company at a Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
9.1 BAKER HUGHES 158
9.2 HALLIBURTON 164
9.3 HONEYWELL INTERNATIONAL INC. 170
9.4 ISTORE 174
9.5 KONGSBERG GRUPPEN 177
9.6 NATIONAL OILWELL VARCO, INC. 182
9.7 PASON SYSTEMS CORP. 188
9.8 PETROLINK 192
9.9 SCHLUMBERGER LTD. 195
9.10 SIEMENS AG 204
9.11 VMONITOR 209
9.12 WEATHERFORD INTERNATIONAL LTD. 212

*Details on company at a glance, recent financials, products & services, strategies & insights, & recent developments might not be captured in case of unlisted companies.

LIST OF TABLES

TABLE 1 INSTRUMENTATION & AUTOMATION MARKET SIZE (SCENARIO I), 2012-2024 ($BILLION) 62
TABLE 2 IT SERVICES MARKET SIZE (SCENARIO I), 2012-2024 ($BILLION) 63
TABLE 3 INSTRUMENTATION & AUTOMATION MARKET SIZE, (SCENARIO II), 2012-2024 ($BILLION) 64
TABLE 4 IT SERVICES MARKET SIZE (SCENARIO II), 2012-2024 ($BILLION) 65
TABLE 5 INSTRUMENTATION & AUTOMATION MARKET SIZE, (SCENARIO-I & II), 2014 – 2024 ($BILLION) 66
TABLE 6 DCS MARKET SIZE (SCENARIO-I & II), 2014 – 2024 ($BILLION) 67
TABLE 7 SCADA MARKET SIZE (SCENARIO-I & II), 2014 – 2024 ($BILLION) 68
TABLE 8 SMART WELL MARKET SIZE (SCENARIO-I & II), 2014 – 2024 ($BILLION) 69
TABLE 9 SAFETY SYSTEMS MARKET SIZE (SCENARIO-I & II), 2014 – 2024 ($BILLION) 70
TABLE 10 WIRELESS SENSORS MARKET SIZE (SCENARIO-I & II), 2014 – 2024 ($BILLION) 71
TABLE 11 PLC MARKET SIZE (SCENARIO-I & II), 2014 – 2024 ($BILLION) 72
TABLE 12 CPM MARKET SIZE (SCENARIO-I & II), 2014 – 2024 ($BILLION) 73
TABLE 13 OTHERS MARKET SIZE (SCENARIO-I & II), 2014 – 2024 ($BILLION) 74
TABLE 14 IT SERVICES MARKET SIZE (SCENARIO-I & II), 2014 – 2024 ($BILLION) 75
TABLE 15 IT OUTSOURCING MARKET SIZE (SCENARIO-I & II), 2014 – 2024 ($BILLION) 76
TABLE 16 SOFTWARE MARKET SIZE (SCENARIO-I & II), 2014 – 2024 ($BILLION) 77
TABLE 17 IT SERVICES & COMMISSIONING MARKET SIZE (SCENARIO-I & II), 2014 – 2024 ($BILLION) 78
TABLE 18 COMPUTER EQUIPMENT & APPLICATION HARDWARE MARKET SIZE (SCENARIO-I & II), 2014 – 2024 ($BILLION) 79
TABLE 19 DOF MARKET SIZE (SCENARIO-I), BY GEOGRAPHY, 2012 – 2024 ($BILLION) 81
TABLE 20 DOF MARKET SIZE (SCENARIO-II) BY GEOGRAPHY, 2012 – 2024 ($BILLION) 82
TABLE 21 WESTERN EUROPE: DOF MARKET SIZE (SCENARIO-I) BY SERVICES, 2012 – 2024 ($BILLION) 84
TABLE 22 EUROPE: DOF MAKET SIZE (SCENARIO-II), BY SERVICES, 2012 – 2024 ($BILLION) 85
TABLE 23 WESTERN EUROPE: MARKET SIZE, BY PROCESS FOCUS, 2013 ($BILLION) 86
TABLE 24 NORWAY: DOF MARKET SIZE (SCENARIO-I), BY SERVICES, 2012 – 2024 ($BILLION) 87
TABLE 25 U.K.: DOF MARKET SIZE (SCENARIO-I), BY SERVICES, 2012 – 2024 ($BILLION) 88
TABLE 26 NORTH AMERICA: DOF MARKET SIZE (SCENARIO-I), BY SERVICES, 2012 – 2024 ($BILLION) 90
TABLE 27 NORTH AMERICA: DOF MARKET SIZE (SCENARIO-II), BY SERVICES, 2012 – 2024 ($BILLION) 91
TABLE 28 NORTH AMERICA: DOF MARKET SIZE BY PROCESS FOCUS, 2013 ($BILLION) 92
TABLE 29 U.S.: DOF MARKET SIZE (SCENARIO-I), BY SERVICES, 2012 – 2024 ($BILLION) 93
TABLE 30 MEXICO: DOF MARKET SIZE (SCENARIO-I), BY SERVICES, 2012 – 2024 ($BILLION) 94
TABLE 31 CANADA: DOF MARKET SIZE (SCENARIO-I), BY SERVICES, 2012 – 2024 ($BILLION) 95
TABLE 32 ASIA-PACIFIC: DOF MARKET SIZE (SCENARIO-I), BY SERVICES, 2012 – 2024 ($BILLION) 97
TABLE 33 ASIA-PACIFIC: DOF MARKET SIZE (SCENARIO-II), BY SERVICES, 2012 – 2024 ($BILLION) 98
TABLE 34 ASIA-PACIFIC: MARKET SIZE, BY PROCESS FOCUS, 2013 ($BILLION) 99
TABLE 35 CHINA: DOF MARKET SIZE (SCENARIO-I), BY SERVICES, 2012 – 2024 ($BILLION) 100
TABLE 36 MALAYSIA: DOF MARKET SIZE (SCENARIO-I), BY SERVICES, 2012 – 2024 ($BILLION) 101
TABLE 37 INDIA: DOF MARKET SIZE (SCENARIO-I), BY SERVICES, 2012 – 2024 ($BILLION) 102
TABLE 38 MIDDLE EAST: DOF MARKET SIZE (SCENARIO-I), BY SERVICES, 2012 – 2024 ($BILLION) 104
TABLE 39 MIDDLE EAST: DOF MARKET SIZE (SCENARIO-II), BY SERVICES, 2012 – 2024 ($BILLION) 104
TABLE 40 MIDDLE EAST: DOF MARKET SIZE, BY PROCESS FOCUS, 2013 ($BILLION) 105
TABLE 41 OMAN: DOF MARKET SIZE (SCENARIO-I), BY SERVICES, 2012 – 2024 ($BILLION) 106
TABLE 42 SAUDI ARABIA: DOF MARKET SIZE (SCENARIO-I), BY SERVICES, 2012 – 2024 ($BILLION) 107
TABLE 43 SAUDI ARABIA: CURRENT DIGITAL OILFIELD IMPLEMENTATION, BY FIELD 108
TABLE 44 KUWAIT: DOF MARKET SIZE (SCENARIO-I), BY SERVICES, 2012 – 2024 ($BILLION) 109
TABLE 45 KUWAIT: CURRENT DIGITAL OILFIELD IMPLEMENTATION, BY FIELD 110
TABLE 46 UAE: DOF MARKET SIZE (SCENARIO-I), MARKET BY SERVICES, 2012 – 2024 ($BILLION) 111
TABLE 47 UAE: CURRENT DIGITAL OILFIELD IMPLEMENTATION, BY FIELD 112
TABLE 48 REST OF THE WORLD: DOF MARKET SIZE (SCENARIO-I), BY SERVICES, 2012 – 2024 ($BILLION) 115
TABLE 49 REST OF THE WORLD: DOF MARKET SIZE (SCENARIO-II), BY SERVICES, 2012 – 2024 ($BILLION) 116
TABLE 50 REST OF THE WORLD: DOF MARKET SIZE, BY PROCESS FOCUS, 2013 ($BILLION) 117
TABLE 51 BRAZIL: DOF MARKET SIZE (SCENARIO-I), BY SERVICES, 2012 – 2024 ($BILLION) 118
TABLE 52 RUSSIA: DOF MARKET SIZE (SCENARIO-I), BY SERVICES, 2012 – 2024 ($BILLION) 119
TABLE 53 RUSSIA: CURRENT DIGITAL OILFIELD IMPLEMENTATION, BY FIELD 119
TABLE 54 CASPIAN SEA: CURRENT DIGITAL OILFIELD IMPLEMENTATION, BY FIELD 121
TABLE 55 NEW PRODUCT & TECHNOLOGY LAUNCHES, 2011-2014 133
TABLE 56 CONTRACTS & AGREEMENTS, 2011-2014 142
TABLE 57 EXPANSIONS, 2011-2014 148
TABLE 58 MERGERS & ACQUISITIONS AND JOINT VENTURES, 2011-2014 151
TABLE 59 PARTNERSHIPS, 2010-2014 156
TABLE 60 BAKER HUGHES: PRODUCTS & DESCRIPTION 159
TABLE 61 BAKER HUGHES: SERVICES & DESCRIPTION 160
TABLE 62 HALLIBURTON: PRODUCTS & DESCRIPTION 165
TABLE 63 HONEYWELL INTERNATIONAL INC.: PRODUCTS & DESCRIPTION 171
TABLE 64 HONEYWELL INTERNATIONAL INC.: SERVICES & DESCRIPTION 172
TABLE 65 ISTORE: PRODUCTS/SERVICES & DESCRIPTION 175
TABLE 66 KONGSBERG INTERNATIONAL LTD.: PRODUCTS & DESCRIPTION 178
TABLE 67 KONGSBERG INTERNATIONAL LTD.: SERVICES & DESCRIPTION 179
TABLE 68 NATIONAL OILWELL VARCO: PRODUCTS/SERVICES & DESCRIPTION 183
TABLE 69 PASON SYSTEMS CORP.: PRODUCTS/SERVICES & DESCRIPTION 189
TABLE 70 PETROLINK : PRODUCTS & DESCRIPTION 193
TABLE 71 PRODUCTS/SERVICES & DESCRIPTION 197
TABLE 72 SIEMENS AG: PRODUCTS/SERVICES 205
TABLE 73 VMONITOR: PRODUCTS/SERVICES & DESCRIPTION 210
TABLE 74 WEATHERFORD INTERNATIONAL LTD.: PRODUCTS/SERVICES & DESCRIPTION 213

LIST OF FIGURES

FIGURE 1 RESEARCH METHODOLOGY 19
FIGURE 2 DATA TRIANGULATION METHODOLOGY 22
FIGURE 3 DOF (SCENARIO-I) MARKET SIZE, BY GEOGRAPHY, 2014 – 2024 ($BILLION) 28
FIGURE 4 DOF (SCENARIO-II) MARKET SIZE, BY GEOGRAPHY, 2014 – 2024 ($BILLION) 29
FIGURE 5 MARKET STRATEGY OF TOP PLAYERS, 2011-2014 30
FIGURE 6 IT SERVICES: DOF MARKET SIZE (SCENARIO-I), 2014–2024 ($BILLION) 31
FIGURE 7 IT SERVICES: DOF MARKET SIZE, (SCENARIO-II), 2014 – 2024 ($BILLION) 32
FIGURE 8 DOF GEOGRAPHICAL MARKETS, 2014-2024 (SCENARIO-I) 33
FIGURE 9 MARKET SHARE COMPARISON (SCENARIO I), 2013-2019 34
FIGURE 10 DIGITAL OILFIELD – CUSTOMER PREFERRED OBJECTIVES 35
FIGURE 11 DIGITAL OILFIELD – CUSTOMER CHALLENGES WHILE IMPLEMENTING/ADOPTING DOF 36
FIGURE 12 DIGITAL OILFIELD – CUSTOMER BUYING BEHAVIOR 37
FIGURE 13 DIGITAL OILFIELD EVOLUTION: TIMELINE 41
FIGURE 14 TECHNOLOGICAL DEVELOPMENTS FOR DOF SOLUTIONS 42
FIGURE 15 PORTER’S FIVE FORCES ANALYSIS 53
FIGURE 16 INTEGRATED SOLUTIONS TECHNOLOGY STATUS 57
FIGURE 17 NEW DOF SOLUTIONS DEVELOPMENT AREAS (2013) 58
FIGURE 18 DOF MARKET SHARE, BY SERVICES, 2013 61
FIGURE 19 EUROPE: FIELD-WISE DOF MARKET SHARE (VALUE), BY SERVICE PROVIDER, 2013 83
FIGURE 20 U.S. & GOM: FIELD-WISE DOF MARKET SHARE (VALUE), BY SERVICE PROVIDER, 2013 89
FIGURE 21 ASIA-PACIFIC: FIELD-WISE DOF MARKET SHARE (VALUE), BY SERVICE PROVIDER, 2013 96
FIGURE 22 MIDDLE EAST: FIELD-WISE DOF MARKET SHARE (VALUE), BY SERVICE PROVIDER, 2013 103
FIGURE 23 AFRICA: FIELD-WISE DOF MARKET SHARE (VALUE), BY SERVICE PROVIDER, 2013 113
FIGURE 24 LATIN AMERICA: FIELD-WISE DOF MARKET SHARE (VALUE), BY SERVICE PROVIDER, 2013 114
FIGURE 25 DIGITAL OILFIELD MARKET: NUMBER OF DEVELOPMENTS, 2011-2014 124
FIGURE 26 TIER 1- COMPANIES IN THE DOF MARKET, BY FIELD IMPLEMENTATIONS 125
FIGURE 27 TIER 2- COMPANIES IN THE DOF MARKET, BY FIELD IMPLEMENTATIONS 127
FIGURE 28 DIGITAL OILFIELD – MARKETING & PROMOTIONAL STRATEGIES 128
FIGURE 29 DIGITAL OILFIELD MARKET DEVELOPMENT SHARE, BY GROWTH STRATEGY, 2010-2014 130
FIGURE 30 DIGITAL OILFIELD MARKET DEVELOPMENT SHARE, BY KEY PLAYERS, 2010-2014 131
FIGURE 31 DOF SOLUTION DEVELOPMENT: CURRENT & FUTURE TRENDS 132
FIGURE 32 NEW TECHNOLOGY/PRODUCT LAUNCHES, 2011-2014 133
FIGURE 33 CONTRACTS & AGREEMENTS, 2011-2014 141
FIGURE 34 EXPANSION ANALYSIS, 2011-2014 147
FIGURE 35 MERGERS & ACQUISITION, 2011-2014 150
FIGURE 36 PARTNERSHIP, 2011-2014 156
FIGURE 37 BAKER HUGHES: SWOT ANALYSIS 162
FIGURE 38 SWOT ANALYSIS: HALLIBURTON 168
FIGURE 39 NATIONAL OILWELL VARCO: SWOT ANALYSIS 186
FIGURE 40 SCHLUMBERGER: SWOT ANALYSIS 202
FIGURE 41 WEATHERFORD: SWOT ANALYSIS 215


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