Press release
Exploration and Production Software Market Business Dynamics, Industry Opportunities, Risk And Driving Force, Major Keyplayers - Halliburton, Exprodat Consulting Ltd., ETL SOLUTIONS, Emerson Paradigm Holding LLC etc.
Exploration and Production Software Market
Exploration & production entails the process of searching and extracting oil and natural gases underwater or underground. Software solutions designed especially for upstream processes in the oil and gas industry are referred to as E&P software. E&P software programs help oil and gas companies better analyze geographical data for more accurate modeling and production planning.
The demand for exploration and production (E&P) software has been rising in tandem with the growth of the oil and gas industry. For instance, Schlumberger Limited increased its E&P investment in North America by more than 30% in 2017. More than 75% of new projects planned in 2017 were slated for shallow and deepwater offshore environments, which has tripled the number of investments.
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The Major Manufacturers Covered in this Report:
Halliburton, Exprodat Consulting Ltd., ETL SOLUTIONS, Emerson Paradigm Holding LLC, Schlumberger Limited, P2 Energy Solutions, eDrilling AS, TDE Group, Petrolink, OVS Group LLC, Rock Flow Dynamics, Petroleum Experts Limited., Kongsberg Gruppen ASA, General Electric, Pason Systems Corp., GEPlan Consulting srl, Interactive Network Technologies, Inc., ION Geophysical Corporation, IHS Markit, Emerson Electric Co., and Computer Modelling Group Ltd and more...
Years that have been considered for the study of this report are as follows:
History Year: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year: 2021 to 2026
Intended Audience
Software Providers
Oilfield Equipment Manufacturing and Integrator Companies
Government and Research Organizations
Consultants
Oil & Gas Industry Forum
State- or Government-Owned Corporations
Investors
Market Segmentation:
By Deployment Type
On-Premise Software
Cloud-Based Software
By Software Type
Risk Management Mapping
Reservoir Characterization
Seismic Amplitude Analysis
Portfolio Aggregation
Performance Tracking
Drilling
Others
By Region
North America
Europe
Asia Pacific
Latin America and Middle East & Africa
Regional Analysis
On the basis of region, the global exploration and production software market has been segmented into North America, Europe, Asia Pacific, and Latin America and Middle East & Africa.
North America is projected to dominate the E&P software market throughout the forecast period, due to new oil and gas exploration activities and technological advancements. Large-scale offshore drilling activities in the Gulf of Mexico, which is one of the major users of E&P software, is a key factor contributing to market growth in the region. E&P activities are also increasing in developed countries of the region. For instance, according to the U.S. Energy Information Administration, U.S. oil and gas production reached 10.96 million b/d and 100.24 Bcf/d respectively in July 2018. In addition, rising demand for cost-efficient & safe E&P techniques is another key factor driving market growth in North America.
The analysis objectives of the report are:
To equitably share in-depth info regarding the crucial elements impacting the increase of industry (growth capacity, chances, drivers and industry specific challenge and risks).
To know the Exploration and ProductionSoftware Market by pinpointing its many sub segments.
To profile the important players and analyze their growth plans.
To endeavor the amount and value of the Exploration and ProductionSoftware Market sub-markets, depending on key regions (various vital states).
To analyze the Global Exploration and ProductionSoftware Market concerning growth trends, prospects and also their participation in the entire sector.
To examine and study the Global Exploration and ProductionSoftware Market size (volume and value) form the company, essential regions/countries, products and applications, background information and also predictions.
Primary worldwide Global Exploration and ProductionSoftware Market manufacturing companies, to specify, clarify and analyze the product sales amount, value and market share, market rivalry landscape, SWOT analysis and development plans for the next coming years.
To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.
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