Digital oil fields have reached their next iteration in the last decade with the deployment of industrial internet of things (IIoT) and the proliferation of automation. Simultaneously, the oil and gas space also witnessed a surge in the implementation of information technologies, which, when combined with tech-driven offerings that boost operations, have helped organizations lower manufacturing costs and unlock newer applications that drive sustainability. Even with respect to the COVID-19 pandemic, the remote operation centers set up by forward-thinking leaders in the oil and gas arena are driving business continuity.
Furthermore, with the acceleration of digital technologies caused by the pandemic, small and large oil and gas firms are gaining the ability to gather data, extract actionable insights, and boost decision-making, thereby increasing operational performance and positive ROI. The benefits of replacing legacy systems with innovative technologies are also supporting companies in executing their strategies to develop and maintain a greener and eco-friendly operating footprint.
Today’s digital oil field solution providers are poised to continue offering end-to-end solutions that drive the transition from legacy processes to more digital execution of critical tasks. And with a multitude of vendors offering intuitive products, we have shortlisted those at the forefront of tackling the prevalent challenges in the arena. A distinguished panel from the editorial board of Energy CIO Insights has selected the outstanding vendors.
We present to you the “Top 10 Digital Oil Field Solution Providers – 2020.”