Global Market Insights, Inc. Digital Oilfield Market_pdf | Page 2

The digital oilfield market share is set to grow on account of recovering oil prices and rising
exploration and production activities. Rapid discoveries of new oilfields along with increasing
rig count will enhance the industry outlook. For instance, in 2018 the U.S. rig count increased
to 945 when compared to 900 in 2017.
Economic dependency on oil and gas trade and production coupled with prevailing need for
transformation of business operations will propel the Middle East digital oilfield market
growth. Kuwait and Saudi Arabia is set to drive the industry growth on account of massive
investment toward digitalization. In order to boost their oil recovery and maximize return the
companies are using new technologies. Some of the key investors present across the region
include Saudi Aramco, Abu Dhabi National Oil Company and Kuwait Oil Company. For
instance, in 2019, the Kuwait Oil Company launched the phase two of the KwIF project
integrating the operations with real time surveillance, modelling and field assets.
Make an inquiry for purchasing this report @
https://www.gminsights.com/inquiry-before-buying/1240
Partial Chapter of the Table of Content
Report Content
Chapter 1 Methodology & Scope
1.1 Methodology
1.2 Market definitions
© 2019 Global Market Insights Inc. All Rights Reserved
www.gminsights.com