Importance of Automation Rising in Upstream & Midstream
This study examines the market for automation systems, software, and field devices, and the factors contributing to the growth and deployment of automation-related products, systems, and software to the upstream oil & gas market.
Driven by the need to increase operational awareness, enable real-time information sharing, and utilize powerful analytics to improve future project planning and preparation, many exploration and production companies have been developing their digital oilfield capabilities to decrease time to first oil, reduce operating costs, and maximize production.
Today’s energy companies seek solutions for driving down project cost and complexity, reducing operating costs, and increasing production. Faced with an exodus of experienced personnel, more owner-operators are seeking out partners that possess the domain expertise, technical experience, and resources needed to support ever more complex projects requiring more advanced automation and technology solutions and cultural transformations.
This study provides strategic market information and guidance about
automation systems, software, and field device systems being deployed worldwide in the upstream oil
& gas industry. In addition to quantitative assessments, key strategic
issues are identified for 2014 and beyond that will have substantial impact on
this market such as:
- Market potential and size for automation systems and field device products
- Leading suppliers in this vertical industry sector
- Market size in the various world regions
- Strategies for suppliers and manufacturers in the worldwide oil & gas
industry to maximize opportunities in a dynamic energy markets