energycioinsights

Top 10 Digital Oil Field Solution Providers - 2018

Digital oil field solutions encompassing advanced software and unique data analysis techniques have taken the production and profitability of oil and gas to the whole new level. While digitalization emerges as a positive change, there are a plethora of intricacies that need to be addressed to harness Digital oil field solutions full potential for both business and society. In tandem, the exponential increase in global information flows have created new risks around data privacy and security and businesses across sectors are struggling with challenges related to changing customer expectations, cultural transformation, outdated regulation, and skill shortages – to name a few.

The evolution of oil field solutions is complemented by the technological innovations such as Industrial internet of things (IIoT), mobile connectivity, cloud computing, big data analytics, augmented reality, and artificial intelligence (AI) is driving vast improvements in the digital oilfield framework. As a result, it is improving return on investments by reducing operating costs, increasing output, and eliminating unscheduled shutdowns. Besides, the convergence of automation, communications, and information technology (IT) has enabled oil and gas companies to create digital oilfields, pipelines, and refineries. The companies have also begun to embed smart devices in wellheads, compressors, pump stations, and within refineries to yield a new wealth of operational information. To make sense of the data, leading oil and gas companies are taking advantage of advancements in wireless technology, control systems, and visualization software to create ‘the connected enterprise’.

It is no surprise that staying up-to-date on new technologies is the secret to stay ahead of the game. To aid businesses stay up-to-date on these technologies and select the best vendors from the bazillions that offer most promising solutions, a distinguished panel comprising of CEOs, CIOs, Analysts and the Energy CIO Insights’ editorial board, has reviewed companies with a proven record of expertise in assisting organizations with cost-effective and best-of-breed solutions. The panel has weighed varied range of products and software solutions for drilling automation, application deployment, infrastructure optimization, and data analytics for production.

In this edition of Energy CIO Insights, we present the “Top 10 Digital Oil Field Solution Providers - 2018.”

Company Logo Company Name Company Description
Akselos Akselos S.A. has developed the world’s most advanced engineering simulation technology, a cloud-based software used by energy asset operators and engineering firms
B3 Offers a suite of data solutions that provides insight for the life-cycle of water management, helping customers evaluate assets, enhance operational efficiencies, allocate capital, and benchmark performance
CGG CGG helps clients find resources, characterize reservoirs, estimate reserves, place surface facilities, monitor wells, optimize production and increase ultimate recovery
FutureOn FutureOn is a leading provider of digitalization software and data visualization solutions for the Offshore Oil and Gas subsea domain
IoTium IoTium simplifies deployment complexities and security for Industrial Internet of Things
LMKR LMKR provides an extensive solutions portfolio focused towards lowering the risk associated with exploration and production of conventional and unconventional resource plays
P2 Energy Solutions The world's largest software and technology company dedicated to the upstream oil and gas industry, with solutions spanning the entire value chain from exploration to decommissioning
Pixel Velocity Provides digital operations software to monitor and manage remote and hazardous assets to optimize field service worker productivity
Scout Downhole Renders innovative mechanical and digital oilfield products, high-quality manufacturing, and excellence in customer service
WellAware WellAware's goal is to serve their growing customer base by providing them with a superior solution to capture, monitor and analyze data for greater oilfield intelligence and business success