IDC PlanScape: Oilfield Optimization — Well Life-Cycle Management Digital Framework
This IDC PlanScape report uses the IDC PlanScape methodology to explore the topic of WLM framework. The intent of the methodology is to provide clients with a WLM framework for creating a business plan by answering four essential questions — why, what, who, and how.
"WLM framework can deliver financial benefits that are tangible and auditable," says Chris Niven, research analyst, IDC Energy Insights. "More importantly, oil and gas producers now realize the pressing need to efficiently manage the development and production of wells in each oilfield environment usually consisting of multiple disparate systems into a tightly integrated, agile, digital WLM framework capable of rapidly adopting innovative, high-impact technologies like Big Data and analytics, cloud, real-time drilling and production, communications, and collaboration."Please Note: Extended description available upon request.
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