Europe is the world’s fourth most important producer of oil and gas. There is enough potential in Europe to produce almost 100 billion barrels of oil. In 2013, this region produced 17,281 thousand barrels a day. Automation has helped the oil and gas industry sector in Europe to ensure that the rigs, refineries and other plants remain safe and produce at a fast pace.
Increased demand for fuel is pushing the global market for automation. New oil and gas wells are being discovered continuously, while old and underutilized ones are being rejuvenated with the help of automation and control technologies. Oil and gas automation market have huge growth opportunities in emerging economies where exploration has just begun. These technologies help the companies to realize cost benefits, increase productivity and improve their safety standards. These technologies are also helping the enterprises to carry out the oilfield operations, production and processing, and distribution and retailing of the petroleum products efficiently and with reduced errors.
There are various products like distributed control systems, programmable logic controllers, human machine interface and supervisory control and data acquisition which help oil corporations to realize the benefits achieved through automation. Some of the major players in this market are ABB, Siemens, GE, Metso and Schneider Electric. Some other players like Fuji Electric, Maverick Technologies, Climation, and National Instruments along with some others have also been covered in this report.
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