The market for communications subscription services and equipment for upstream oil & gas expected to exceed US$1.5 billion in 2016, says Navigant

As oil and gas (O&G) prices continue to decline, improved safety and operational efficiencies offered by new and emerging digital oilfield applications could mean the difference between survival and bankruptcy for struggling exploration and production (E&P) firms. Through high bandwidth, low latency communications, technologies such as video surveillance, remote conferencing, smart drilling, crew welfare, and automation and control functions will be critical investment areas for companies in the upstream O&G market. According to a new report from Navigant Research, the global market for communications subscription services (satellite and cellular) and equipment (fiber, point-to-point/point-to-multipoint, Wi-Fi, and handheld radios) for the upstream O&G market is expected to reach just over US$1.5 billion in 2016 and 2017.

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