Published By: Syndicate Market Research
Exploration and Production (E&P) Software Market– Global Industry
Perspective, Comprehensive Analysis and Forecast, 2014 - 2020
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Exploration and Production Software Market
E&P software provides an integrated solution from exploration to production. This software allows the
user to interpret seismic data, perform well interaction, builds reservoir models suitable for simulation. It
also submits and visualizes simulation output, evaluate volumes, generate maps and design
improvement strategies to expand reservoir exploitation. Exploration and production mainly deal with the
oil and gas industry. It comprises different exploration stages such as testing, locating, and drilling for oil
and gas. E&P software implementation make efficient transfer of data enabling easy productive function.
The E&P software market is mainly driven by the wide range of growth in energy expenditure in the
emerging markets such as India and China. In addition, due to implementation of E&P software,
repeatable workflows can be easily functionalized. Advancements in technology in E&P and increased
use of E&P software in a large extent are expected boost the demand of the E&P software market.
However, high investment cost and lack of technical skill are expected to hamper growth of E&P software
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The global E&P software market is segmented on the basis of components, software type, deployment
type and region. Based on components, market is segmented as software and services. Risk
management mapping, seismic amplitude analysis, portfolio aggregation, performance tracking,
navigation systems, resource...