Digital Oilfield Solutions Market: Global Industry Analysis and Opportunity Assessment 2015-2025
'Digital Oilfield' is a term used for representing the application of advanced information technology in order to optimize hydrocarbon recovery and improving safety in operations. The digital oilfield solutions support the Exploration & Production (E&P) activities of a company, providing optimum reservoir management. A typical oil rig produces about 1 Terabyte (TB) data per day and digital oilfield solutions enables a real-time monitoring and quick analysis of E&P data, resulting fast decision making.
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