Oilfield Operations Management Systems

The Oilfield Operations Management Systems market research report delivers current market analysis plus a five-year market and technology forecast.  This report provides a concise analysis of the oilfield operations management systems market.  The scope of the research is primarily on the upstream oil & gas production optimization opportunity. The study is available in multiple editions including worldwide, all regions, and most major countries.

​Oilfield Operations Management Systems Enable Production Optimization

Companies face continued challenges to raise productivity, lower production costs, lower oil extraction and refinement costs, reduce manufacturing operating expenses, and increase return on investment in order to compete in the global market.  Optimizing oilfield operations performance and up-time can play a critical role in helping companies realize operational excellence.

The oilfield operations management systems market, including software and services, is somewhat dynamic with major segments experiencing strong product innovation.  This market has tremendous opportunities with steady growth driven by a growing number of unconventional wells which are exhibiting greater decline rates, and a growing number of multipad well operations which require more efficient operations management solutions.  These operations management systems solutions provide new features and functionality necessary to increase production and related operations by leveraging modules, platforms, and machine learning based on industrial IoT.

The drive for well production growth, for which operations management systems are critical, is pushing companies to invest in new optimization solutions and services including digitalization, industrial IoT, and Industry 4.0., for deployment at various project locations and formations. Furthermore, the advances in data quality, software processing, and ease of use, continue to increase the value proposition for end users.

Oilfield Operations Management Software Strategic Issues

In addition to providing a five-year market forecast, the Oilfield Operations Management Systems market research report provides detailed quantitative current market data and addresses key strategic issues for both suppliers and potential buyers of these systems.

Price Volatility and Production Requirements Mandate Oilfield Operations Management

Companies operating operations management systems in oilfields continue to face the challenges of increasing production, reducing energy consumption, lowering costs per barrel, and maintaining pump operational uptime (i.e., minimizing downtime).  Investing in oilfield operations management systems across all three system types covered has benefited most users.  The oilfield operations management systems market has requirements, challenges, and capabilities that vary by region, project location, and application.  The study addresses the unique requirements for oilfield operations management systems used by owner-operators, independent E&P firms, and other stakeholders

Adverse Impact of COVID-19 Pandemic Felt in 2020, Recovery in 2021

The COVID-19 pandemic negatively impacted the 2020 demand for oilfield operations management systems solutions as oversupply necessitated reduction in production to stave off steeper price declines. The market projections do take into account industry trends with our best estimates for how the post COVID-19 pandemic world will impact the demand for hydrocarbons and oilfield operations management systems market in different project locations and regions.