Middle East & Africa Digital Oilfield Market Outlook 2021 - Industry Statistics Analysis By 2027

1

Middle East Africa Digital Oilfield Market
2022-2027 Growth Forecast Industry Share Report
2018 Graphical Research. All rights
reserved.


www.graphicalresearch.com
2

• Middle East Africa Digital Oilfield Market To
  witness accelerated growth from 2021 to 2027. A
  steady rise in exploration and production
  activities and the trend for smart technology are
  driving the Middle East and Africa digital
  oilfield market forecast. Implementation of tax
  rebates and subsidies has stimulated the adoption
  of AI-based technologies to boost the performance
  of oil and gas (OG) domains.
• Recent years have witnessed the trend of digital
  oilfields for real-time monitoring, detecting
  anomalies, overcome challenges in maintenance and
  inspection and intimate predictive maintenance
  alerts. Drilling optimization is likely to gain
  traction with the growing demand for remote
  monitoring. Oil and gas companies are expected to
  adopt cloud-based and IoT techniques for data
  collection at smart wells, sea drilling sites and
  reservoir monitoring. The Middle East and Africa
  digital oilfield market size is forecast to grow
  at an appreciable rate by 2027.
• The industry outlook became bleak in 2020 due to
  the coronavirus-led slowdown of the economy and
  oil price crash. The outbreak hampered the
  investment climate and investors hunger for
  fossil fuel. Considering the hype around digital
  technologies, the OG industry is embracing
  advanced analytics and robotics to reshape their
  oilfield landscape and exploit cost savings and
  increased efficiency attributes.
• Demand for instrumentation and automation
  solutions will be pronounced in Saudi Arabia in
  the wake of the trend for real-time data analysis
  and production efficiency. OG companies have
  upped the implementation of security systems,
  distributed control systems, smart wells and
  SCADA. Technological advancements are likely to
  boost the recovery rate as the forecast of the
  instrumentation and automation segment in the MEA
  market suggests a sizable growth through 2027.

2018 Graphical Research. All rights
reserved.


www.graphicalresearch.com
3

Get sample copy of this research report _at_
https//bit.ly/3PApyke Request for
customization _at_ https//bit.ly/3QZAyc2
2018 Graphical Research. All rights
reserved.


www.graphicalresearch.com
4

• OG companies are poised to witness profound
  investments in enhanced oil recovery systems,
  auguring well for the reservoir optimization
  process. The rising number of gas fields in Saudi
  Arabia, UAE, Nigeria and Angola have encouraged
  companies to infuse funds into the reservoir
  optimization domain. Key suppliers are using AI
  platforms to boost production recovery rates
  through the integration of field data.
• Industry players are expanding their penetration
  in the production optimization process on the
  back of enhanced production routine operation.
  Furthermore, public and private investments have
  become noticeable for the growth of oil fields.
  To illustrate, Saudi Aramco announced an
  investment of around USD 110 billion in 2020 for
  the development of the gas field in Jafurah.
•  The Saudi Arabia digital oilfield market is
  likely to generate considerable revenue following
  the growth of offshore activities and burgeoning
  exploration activities. In March 2021, Saudi
  Arabia announced USD 1.3 trillion private sector
  investments by 2030, spearheaded by SABIC and
  Aramco. Legacy players are expected to shift
  focus on cloud computing, IoT and advance
  analytics to raise the performance bar through
  process efficiency and business-driven agility.
• Major vendors such as Kuwait Oil Company,
  Honeywell, Siemens, Sinopec Oilfield, Accenture,
  Schlumberger, Weatherford, Baker Hughes and
  Halliburton have intensified the competition in
  the Middle East Africa digital oilfield market.
  The competitive scenario indicates companies
  potential inclination toward the strategic
  alliance, RD investments and innovations.

2018 Graphical Research. All rights
reserved.


www.graphicalresearch.com
5

• Segmentation of Middle East Africa Digital
  Oilfield Market
• Middle East Africa Market, By Application
• Onshore
• Offshore
• Middle East Africa Market, By Technology
• IoT
• Advance Analytics
• Robotics
• Cloud Computing
• Mobility
• Others

2018 Graphical Research. All rights
reserved.


www.graphicalresearch.com
6

About Graphical Research Graphical Research is
a business research firm that provides industry
insights, market forecast and strategic inputs
through granular research reports and advisory
services. We publish targeted research reports
with an aim to address varied customer needs,
from market penetration and entry strategies to
portfolio management and strategic outlook. We
understand that business requirements are unique
our syndicate reports are designed to ensure
relevance for industry participants across the
value chain. We also provide custom reports that
are tailored to the exact needs of the customer,
with dedicated analyst support across the
purchase lifecycle. Contact Us Parikhit
B. Corporate sales, Graphical
Research Email sales_at_graphicalresearch.com Web
 https//www.graphicalresearch.com
2018 Graphical Research. All rights
reserved.


www.graphicalresearch.com
7

Stay In Touch With Us For
Website www.graphicalresearch.com Socia
l Media
Assured Quality
On-Time Delivery
Industry Experts
Payment Security
2018 Graphical Research. All rights
reserved.


www.graphicalresearch.com