Documented Energy Technology

Intelligent oil fields: Digital Oilfield Technology

internet of things

The oil industry has been slow to wake up to the opportunities of digital technology but this is changing. Major energy companies including BP, Shell, Eni and Statoil amongst others, are employing Digital Oilfield (DOF) technologies in their offshore drilling and production operations, for many years. As a result, DOF spending is expected to reach […]

The oil industry has been slow to wake up to the opportunities of digital technology but this is changing. Major energy companies including BP, Shell, Eni and Statoil amongst others, are employing Digital Oilfield (DOF) technologies in their offshore drilling and production operations, for many years. As a result, DOF spending is expected to reach $17.8 billion by 2022.

What are Digital Oil Fields?

Essentially  DOF technology  enables the  processing, integration and analysis  of data  transmitted  from  sensors  in offshore wells to the wellsite and control centres including purpose- built data rooms,  the  company’s  HQ or even  a consultant’s office, which are  connected by digital communications such as video conferencing.  This technology is set to drive new levels of performance in operational processes and decision making, since data transmitted from the intelligent oil field, guides well drilling and post-drill analysis.[ii] Therefore, the purpose of the digital oilfield is to maximise oil recovery and increase profitability through the use of modern sensing technology, advanced software and data analysis, reservoir visualisation and well performance evaluation. Read more https://www.docuenergy.com/intelligent-oil-fields-digital-oilfield-technology/

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