| | NOVEMBER 20196Digital technologies are revolutionizing the way industries run. Significant and far-reaching advances in the technological landscape, the falling cost of total digitalization, and the ever-widening connectivity of devices proffer a real competition-beating opportunity to upstream the oil and gas industry, which plays the digital revolution right. Smart technologies and upgraded oil manufacturing processes have shaped the digital oilfields of the present and enabled the geographical assessment, drilling, exploration, and production in a far effectual way. This journey first began with the adoption of digital oil field technologies in 1976, when the foundation was concreted initially with integrated flow modeling, and in due course evolved to advanced software and data analytics, to maximize profitability. The augmentation of oil mining processes results in a user-friendly, transparent system that eliminates non-productive tasks by integrating advanced workflows and designs. This convergence of operational and information-based technologies like IIoT, data analytics, digital twin technologies, computer-aided engineering, automation, and SCADA has stirred up a revolution that the oil and gas industry has never witnessed before. Production and operational efficiency enhancements, risk mitigation, proper capital allocation, and benchmark performance are some of the benefits the refashioning of oilfields has extended. Digital technology providers have delivered the oil companies with expertise in the development and execution of digital oilfield projects along with other consulting services. According to Research and Markets' new report, the global DOF market is estimated to reach $38.49 billion by 2024, with a projected CAGR of 4.6 percent, which points out a high growth of Digital Oil Field services and processes.Today, digital oilfields have tools that can accurately scrutinize the growing volumes of field data. These mechanisms are robust and tackle a plethora of demands for sustaining and emerging unique asset cases that will bridge the gap of supply by accelerating the process and employee productivity, operational efficiency, and optimized generation. By imbibing intelligent technologies to the field for smarter production and sustainable development, the oil and gas industry showcases its cognizance of the transforming environment at present. In line with the same, Energy CIO insights and its discord of experts bring to our readers, a carefully picked list of Top 10 Digital Oilfield Solution/Services Providers for 2019. The articles focus on bringing to spotlight the latest technological advancements in the field.Let us know your thoughts. Digital Oilfield; Changing Facets with the Deluge of Digital AdvancementsCopyright © 2020 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof. NOVEMBER - 22 - 2019, Vol 02 - Issue 06 Published by ValleyMedia, Inc. To subscribe to Energy Tech ReviewVisit www.energytechreview.com SalesRich Gonsalvesrich@energytechreview.comVisualizersRonald DonovanManaging EditorCharlotte Smith*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffEditorial StaffAaron Pierce Ava GarciaVian IsaacJoshua Parker Kenny PeruzziEDITOR'S DESKCharlotte SmithManaging Editoreditor@energytechreview.com
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