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# Digital oilfield

Schlumberger and Russia’s Gazprom Neft have agreed to jointly develop software and promote other upstream services to be commercialized across Russia and internationally.
Shell needed an easy-to-use, simple well monitoring solution. Could an IoT wireless solution measure up to a classic wired approach?
The authors develop a data-driven approach, enabled by machine learning, to find an optimal operating envelope for gas-lift wells.

• This paper discusses how digital technologies are being applied in other verticals and how they can be leveraged to optimize lifecycle performance, drive down costs, and decouple market volatility from profitability for offshore oil and gas facilities.
• The paper discusses a methodology for integrating intelligent completion and production systems with a modeling and analytics framework for efficient development of fiber-optic-based data-interpretation services for complex downhole environments.
• The infrastructure engineering software firm is expected to pay more than $1 billion to acquire geological and geophysical modeling software developer Seequent. • According to a World Economic Forum report, digital transformation in the oil and gas industry could unlock approximately$1.6 trillion of value for the industry, its customers, and wider society while creating around \$1 trillion of value for oil and gas firms.