Digital Oil Field Definition
Digital oil field makes use of numerous innovative softwares and data analysis techniques to enhance and improve the profitability of oil and gas production operations. The major aim is to maximize oil field recovery, increase profitability, and eliminate non-productive time with the help of design and deployment of integrated workflows. The workflow merges business process management with information technology advancements and engineering expertise to automate and streamline the execution of tasks performed by cross-functional teams.
The latest technological trends enable to increase the size of the well, provide real time data, and improve safety to a large extent. Currently, the advancement of wireless technology adds on to strengthen the digital oil field technology on the whole. By facilitating wireless networking, multiple automated platforms can be accessed and controlled from a single central location. This results in the reduction of a personal need to monitor individual platforms. Even though there are numerous technologies developed to improve efficiency, provide accurate information and assist deepwater drilling, a few companies still find it difficult to deploy the concept of digital oil field to all its operations and managing the increasing amount of data being recorded. But if the rate of the oil remains low, utilizing all this technology and the massive amount of data received will remain paramount.
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