Product Code: IT002-000287
Without doubt, the most interesting questions in oil and gas exploration and production (E&P) technology next year will involve unconventional energy sources such as shale oil, shale gas, and oil sands. Less appreciated is the role that information technology plays in the development of unconventionals. This report identifies the key trends in unconventionals, analyzes the IT implications, and assesses what is at stake for software and services providers in 2014.
- The focus on unconventionals, and the ongoing digitization of formerly manual processes, are making the E&P industry increasingly IT-intensive.
- Additional factors such as competition, market volatility, and rising business costs put pressure on E&P companies to deploy more management technologies.
- Explains how unconventional energy sources are increasing the oil and gas exploration and production industry's reliance on IT
- Analyzes the types of technologies and applications that will be in greatest demand in 2014 in the oil and gas exploration and production industry
- What are the key factors driving increased use of IT within oil and gas exploration and production?
- Which enterprise and oilfield-specific technologies and applications will see the highest levels of investment in 2014?
Table of Contents
- Ovum view
- Key messages
- BUSINESS TRENDS AND TECHNOLOGY ENABLERS
- Management, mobility, and safety are key drivers
- UNCONVENTIONAL SOURCES TAKE CENTER STAGE
- New focus on shales and sands and the industry's ongoing digitization
are making E&P more data-intensive
- Massive amounts of data require more IT for storage, analysis
- TIGHTER MANAGEMENT NEEDED ACROSS THE BUSINESS
- Three main factors - competition, volatility, and higher costs - are
forcing tighter management throughout E&P operations
- Survey data shows E&P will draw on multiple application categories
- MOBILE TECHNOLOGIES WILL PLAY A GREATER ROLE
- Distance and isolation required inefficient practices that are still in
use - despite mobile technologies that could now solve them
- New mobile technologies spawn applications that automate manual
processes and enable faster, better decisions
- DEEPWATER HORIZON AND THE NEW 'F' WORD - FRACKING
- Inherent risks make environment, health, and safety (EHS) a top concern
across the industry
- EHS systems are due for increased investment
- Recommendations for enterprises
- Recommendations for vendors
- Further reading
- Ovum Consulting
- Figure 1: Upstream oil & gas information management / business
- Figure 2: Upstream oil & gas enterprise application priorities
- Figure 3: Upstream oil & gas oilfield application priorities
- Figure 4: Upstream oil & gas mobility priorities
- Figure 5: Upstream oil & gas EHS management deployments by type