New ARC Advisory Group research on Oilfield Drilling Optimization Systems reveals that with increased well complexity, higher drilling costs, and tremendous growth in data, optimizing drilling in real time will help owner-operators, independent E&P companies, and drilling contractors enhance the operational drilling efficiency, increase rate of penetration, enhance profitability, and provide real-time operational visibility, agility, and flexibility.
“End users have been pressuring suppliers to develop ever more effective drilling optimization systems such that they can minimize their drilling cost and maximize efficiency without having to pay for undue functional overhead. Increasingly, suppliers are developing more sophisticated software for real-time data acquisition and enhanced functionality within their optimization solutions, which can meet the unique needs of each different system type and the unique requirements of individual wells, fields, or even entire formations,” according to Jyoti Prakash, Analyst at ARC Advisory Group and key author of ARC’s Oilfield Drilling Optimization Systems 2017-2022 Global Market Research report.
About the Oilfield Drilling Optimization Systems Research
This ARC research explores current market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the oilfield drilling optimization systems market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modeling techniques. The research includes competitive analysis, plus five-year market forecasts by region, system type, revenue category, application, sales channel, and customer type.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include a:
- Market Intelligence Workbook (Excel) – personalized spreadsheet includes the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
- Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.