Abstract
Digital oil fields (DOFs) are built on data produced from energy technology innovation during the application of new technologies to oil resource development. In this study, this conversion is examined through the paradigm switch to “oil is the new data”. An analysis of related patents shows that DOF technology is developing through convergence and close links with other industries, specifically the equipment, parts, and material industries. Additionally, it is conjectured that the strategic preemption of standards will emerge as an important policy issue because a standard must be established for the interoperability of the elemental technologies of DOFs. Furthermore, with the expansion of DOF-related technologies, device-related technologies have also been developed. Of these device-related technologies, sensor technology specifically provides new possibilities for the development of DOFs. The significance of this study is that it explains the evolution of DOFs over the course of 10 years, which is illustrative of technological innovation in the field of energy-related development and data collection.
Highlights
The expression, “data is the new oil” implies the considerable current economic value of big data in the digital era [1]
We describe the digital transformation of the oil exploration and production (oil E&P) industry as the digital oil field (DOF)
Semantic network analysis was utilized to examine the structural characteristics of the innovative capabilities of DOFs
Summary
The expression, “data is the new oil” implies the considerable current economic value of big data in the digital era [1]. This indicates that data, like coal and oil used as raw material and fuels for industrial applications, may be used to develop other industries, creating new economic value. The oil exploration and production (oil E&P) industry has been generating, storing, and using vast amounts of data. DOFs, which are preoccupied with value added data, have attracted significant attention recently with the introduction of new technologies. Since DOFs are oil fields that produce big data, we paraphrase the term “data is oil”, to state that “oil is the new data”. Data have had a great impact worldwide, such that new economic drivers have been established owing to its applications throughout industry
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