tmrFebruary 16, 2021 22
Exploration & Production (E&P) is an upstream segment of the oil & gas industry which plays an important role in the process of locating, testing, and drilling of oil & gas. E&P software is an integrated solution which is completely dedicated to managing every process from exploration to production. With recent advancements in digital technology, the deployment of E&P software by oil & gas companies has increased to a great extent. The global E&P software market is currently driven by growing investment in the oil & gas sector, rising exploration of unconventional gas resources, and technological advancements. Fluctuating prices of oil & gas worldwide has been identified as the major inhibitor to the market’s growth.