The goal behind the digital oilfield is to optimize oilfield operations through the provision and implementation of data and analysis tools. These digital methodologies are becoming more common in logistics and machinery monitoring - areas that can be translated from other industries. The Holy Grail still remains providing real-time, reliable production data.
Access to this sort of information could lead to significant financial upside for operators – but only if the wellhead metrics and measurements that matter can be relied upon. Otherwise, gains will be limited, not cost-effective, and the changes may even risk handicapping performance.