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Oil and Gas Industry—Trends and Technology 

  • January 2016
  • -
  • Frost & Sullivan
  • -
  • 38 pages

Oil and Gas Industry—Trends and Technology : Growth in the Oil and Gas Industry Will be Fueled by Technology Advancements
This study presents the global oil and gas industry as a primary source of energy. Various challenges faced by today's oil and gas companies in this ever-changing environment are discussed in detail, such as how the industry is structured and how the competitive structure has evolved over the study period. Additionally, technology as the key driver is discussed in detail. Some major trends observed in the development of technology are briefly discussed, and key solutions such as digital oilfields, integrated asset management, intelligent well development, and integrity management knowledge are presented.

Key Findings

Over the past few decades, best-in-class operational performance has been value addition over gaining access to new fields and delivering development projects for upstream operations.
- Today’s demanding economic environment for oil and gas (O&G) operators means better operational performance (not only in production volumes but in production cost) and will play a significant role in determining long-term business success.
- Exploration and production (E&P) companies witnessed remarkable transformation as the role of the once mighty international oil companies (IOC) comes under siege from growing national oil companies (NOC) and as oilfield services companies that were partners have now become competitors.
- Industry challenges are compounded with an ageing workforce and increasing pressure to respond to environmental issues, climate change, and social concerns as well as the primary pressure of creating shareholder value.
The industry has experienced the worst of market turmoil in the last few years as it rode choppy commodity prices, bringing about a series of concerns to identify best practices and solutions to counter market fluctuations.
- In this study, Frost & Sullivan deliberates on possible areas of operational improvements, underlying technology enablers, and solutions required for the industry for continued growth and development in the next 2 decades

Table Of Contents

Oil and Gas Industry—Trends and Technology 

Executive Summary
1. Key Findings
2. Key Findings
3. Key Findings


Structure of the Study
1. Structure of the Study


Industry Challenges
1. OandG—A Major Source for Primary Energy Mix
2. Reality of Peak Oil—The Age of Unconventional Oil
3. Challenges and Risks for the EandP Industry
4. Unconventional OandG Cost Imperative for Production Cost Escalations
5. Technology—Key Differentiator
6. Technology Dependency—On Processes and People


Enabling Technologies
1. Market Challenges—Enabling Technologies and Required Solutions
2. Enabling Technologies for the OandG Industry
3. Future Thrust Areas for Solutions Development to Counter Business Challenges


Solution Areas of Development
1. DOF—Collaborative Ecosystem for OandG Operational Excellence
2. DOF—Collaborative Ecosystem for OandG Operational Excellence
3. Integrated Asset Management—An Holistic View of the Business Portfolio
4. Development in Intelligent Wells to Increase Production Efficiency
5. Operational Integrity Imperatives for Solution Development
6. Unified Communication Architecture for Collaborative Communication
7. The Knowledge Management Imperative for the OandG Industry


Strategic Conclusions
1. Strategic Conclusions
2. Legal Disclaimer


The Frost and Sullivan Story
1. The Frost and Sullivan Story
2. Value Proposition—Future of Your Company and Career
3. Global Perspective
4. Industry Convergence
5. 360º Research Perspective
6. Implementation Excellence
7. Our Blue Ocean Strategy

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