LAPSE:2023.27183
Published Article

LAPSE:2023.27183
“Oil is the New Data”: Energy Technology Innovation in Digital Oil Fields
April 4, 2023
Abstract
Digital oil fields (DOFs) are built on data produced from energy technology innovation during the application of new technologies to oil resource development. In this study, this conversion is examined through the paradigm switch to “oil is the new data”. An analysis of related patents shows that DOF technology is developing through convergence and close links with other industries, specifically the equipment, parts, and material industries. Additionally, it is conjectured that the strategic preemption of standards will emerge as an important policy issue because a standard must be established for the interoperability of the elemental technologies of DOFs. Furthermore, with the expansion of DOF-related technologies, device-related technologies have also been developed. Of these device-related technologies, sensor technology specifically provides new possibilities for the development of DOFs. The significance of this study is that it explains the evolution of DOFs over the course of 10 years, which is illustrative of technological innovation in the field of energy-related development and data collection.
Digital oil fields (DOFs) are built on data produced from energy technology innovation during the application of new technologies to oil resource development. In this study, this conversion is examined through the paradigm switch to “oil is the new data”. An analysis of related patents shows that DOF technology is developing through convergence and close links with other industries, specifically the equipment, parts, and material industries. Additionally, it is conjectured that the strategic preemption of standards will emerge as an important policy issue because a standard must be established for the interoperability of the elemental technologies of DOFs. Furthermore, with the expansion of DOF-related technologies, device-related technologies have also been developed. Of these device-related technologies, sensor technology specifically provides new possibilities for the development of DOFs. The significance of this study is that it explains the evolution of DOFs over the course of 10 years, which is illustrative of technological innovation in the field of energy-related development and data collection.
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Keywords
digital oil field, energy policy, oil exploration and production, oil upstream, technology innovation
Subject
Suggested Citation
Choi H, Park H. “Oil is the New Data”: Energy Technology Innovation in Digital Oil Fields. (2023). LAPSE:2023.27183
Author Affiliations
Choi H: Science and Technology Policy Institute, Sejong National Research Complex 370, Sicheng-daero, Sejong 30147, Korea
Park H: Science and Technology Policy Institute, Sejong National Research Complex 370, Sicheng-daero, Sejong 30147, Korea
Park H: Science and Technology Policy Institute, Sejong National Research Complex 370, Sicheng-daero, Sejong 30147, Korea
Journal Name
Energies
Volume
13
Issue
21
Article Number
E5547
Year
2020
Publication Date
2020-10-23
ISSN
1996-1073
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Original Submission
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PII: en13215547, Publication Type: Journal Article
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LAPSE:2023.27183
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https://doi.org/10.3390/en13215547
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Apr 4, 2023
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