openPR Logo
Press release

Advancements in technology in Exploration and Production (E&P) Software Market

05-13-2016 01:44 PM CET | IT, New Media & Software

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Advancements in technology in Exploration and Production (E&P)

Exploration and production is upstream segment for oil and gas industry comprising of exploration stage which includes locating, testing and drilling for oil and gas. Exploration and production (E&P) software is an integrated solution dedicated to managing exploration to production. The user can interpret the seismic data which uses principles of seismology to estimate the properties of the Earth's subsurface from reflected seismic waves.

Furthermore, E&P software enables designers to prototype reservoir models suitable for simulation, design and development strategies to maximize reservoir exploitation. The entire workflow can be evaluated by the single application considering related opportunities and risk. The faults in the project can be anticipated through stochastic or deterministic system in the E&P software. With implementation of E&P software there can be easy and smooth transfer of data enabling productive operations.

With recent Advancements in technology in E&P, the deployment of software based exploration and production tools have increased to a great extent. With deployment of E&P software, there has been increase in workflow productivity, assisting efficient working model in difficult reservoirs. Furthermore, repeatable workflows can be easily functionalized by the implementation of E&P software. Furthermore, the long term demand for natural resources is frequently rising, which has created a constructive opportunity for E&P software market to grow at a considerable pace. There has been wide scale growth in energy consumption in the emerging markets such as India and China, driving for the growth of E&P software market.High installation cost and lack of technical expertise are few restraining factors affecting the market growth for E&P software. The oil exploration and production work incorporates activities such as equipment maintenance, production optimization, price optimization and safety & compliance.

Exploration and production software market can be categorized on the basis of component, software types, deployment type and geography. Market segmentation on the basis of components include software and services. Segmentation on the basis of deployment type includes on-premise software, cloud-based software, and managed software. E&P software market segmentation on the basis of software types include risk management mapping, seismic amplitude analysis, portfolio aggregation, performance tracking, navigation systems, resource valuation, and others. Risk management mapping tool is used for identification, control and management of the risk factors at the workplace. Portfolio aggregation is a combination of smaller portfolios combined to form advanced project. Based on geography E&P software market is segmented into North America, Asia Pacific, Europe, Middle East and Africa and Latin America. Deployment of E&P software is widely witnessed in the regions with large number of oil rigs, on-shore and off-shore refineries

More Information:

During the recent years, there has been significant growth in competition in E&P software market. Key players are increasingly focusing on offering cloud-based solutions and analytics has also become a core part of their strategy. Some of the key E&P software developers are Paradigm B.V, Schlumberger Limited, ION Geophysical Corporation, ETL Solutions Ltd, Interactive Network Technologies, Inc., Hue AS and Aconex Ltd. among others. Key players providing E&P software assistance are Exprodat Consulting Ltd., GEPlan Consulting srl, and E&P Consulting S.A among others.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.


Mr. Sudip S
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Advancements in technology in Exploration and Production (E&P) Software Market here

News-ID: 340886 • Views: 425

More Releases from Transparency Market Research

Coronavirus's Impact On Water Analysis Instruments Market
Water analysis instruments are used to analyze water to detect the presence of hazardous chemicals and biological agents. Rising population and significant increase in rate of industrialization has increased water pollution notably which is affecting aquatic ecosystems at a global level. Ever increasing demand for safe, clean, and quality water has forced government organizations to undertake major steps against growing issues of water pollution. Water analysis instruments are used to
Digital Engineering Solutions & Services Market Huge Growth Opportunity by 2027
Digital engineering is the process of data formation, collection, and incorporation using a digital skillset. From drawings to simulation and 3D models, in a digitized world, engineers are constantly utilizing digital technology to collect data and develop design. The art of digital engineering allows designers to explore possibilities through progressive applications and develop innovative solutions in a virtual environment. Obtain Report Details @ Increasing usage of 3D moduling solutions 3D models are
Coronavirus's Impact On Archival Data Storage Market
Global Archival Data Storage Market: Introduction Archival data storage is a form of storage designed for data which is not needed at present but needs to be stored so that it can be retrieved in the future, if necessary. Usually, backup systems often allow for archiving records. Corporates and government organizations of various countries have started to understand the value of a secure long-term archival storage policy for their sensitive data
SIP Trunking Services Market is likely to expand swiftly, registering a strong C …
SIP (Session Initiation Protocol) Trunking Services market is set to see a steady CAGR (Compound Annual Growth Rate) of 18.6% during the forecast period 2016 to 2024, as per a Transparency Market Research (TMR) study. It would translate to market opportunities worth USD 20.75 bn. It is primarily owing to their cost benefits over traditional telephony systems. Obtain Report Details @ The use of SIP Trunking services in BFSI, Telecom

All 5 Releases

More Releases for E&P

Global Exploration & Production (E&P) Software Market Make Great Impact In Near …
ResearchMoz include new market research report "Exploration & Production (E&P) Software Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025" to its huge collection of research reports. In recent years, the depletion of conventional gas sources (found in sandstone and requiring traditional methods for extraction) has resulted in a shift from conventional gas to unconventional sources. This is reducing the dependency of the global oil &
Exploration & Production (E&P) Software Market |Industry Key Players Analysis - …
The “Exploration & Production (E&P) Software Market (Deployment Type – On-premise Software and Cloud-based Software; Operation Type – On-shore and Off-shore; Software Type – Risk Management Mapping, Seismic Amplitude Analysis, Portfolio Aggregation, Performance Tracking, Navigation System, Resource Valuation, Resource Characterization, Reservoir Simulation, Drilling and Production) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 – 2025” report provides analysis of the exploration & production (E&P) software market for
Global Cosmetics Market 2018:- Loréal, P&G, Unilever, Estée Lauder, KAO, S …
Market Research Store Exposed a new deep Industry research report focuses on Cosmetics Market, delivers detailed analysis of market and future prospects of Cosmetics market. The critical and significant data in the study makes the research a very important tool for experts, analysts and managers to get ready-to-access analysis by the industry professionals. The Cosmetics Market report provides the complete analysis of Cosmetics Market Size Data and development forecast from
Exploration & Production (E&P) Software – Global Market Outlook (2018-2025)
Global Exploration & Production (E&P) Software Industry New Study On “2018-2025 Exploration & Production (E&P) Software Market Global Key Player, Demand, Growth, Opportunities and Analysis Forecast” Added to Wise Guy Reports Database This report focuses on the global Exploration & Production (E&P) Software status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Exploration & Production (E&P) Software development in United States, Europe and China. The
Well Intervention Market: Subsea E&P Activities to Trigger Adoption
Development of new oilfields coupled with rising demand for energy have remained instrumental in driving the need for well intervention. With a large contribution from the energy and power sector, the well intervention market is expected to remain optimistic throughout the period of forecast, 2018-2026, reveals a new report on well intervention market. This extensive research report titled “Well Intervention Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
Global Exploration & Production (E&P) Software Market
Market Research Reports Search Engine (MRRSE) has been serving as an active source to cater intelligent research report to enlighten both readers and investors. This research study titled “Exploration & Production (E&P) Software Market “ Request a Free Sample Report @ The report provides analysis of the Exploration & Production (E&P) Software market for the period 2014-2024, wherein the years from 2016 to 2024 is the forecast period and 2015 is