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Oil And Gas Industry
industries
Oil And Gas Industry
Five out of the top ten oil-producing countries globally are situated in the Middle East, contributing to approximately 27% of the world’s total oil production. The UAE produces an average of 3.2 million barrels of petroleum and liquids per day. Hydrocarbons continue to play a critical role in the UAE economy, with 30% of the UAE’s GDP directly based on oil and gas industry and 13% of its exports.
While a significant portion of oil production in the region is carried out by state-owned enterprises, numerous international oil companies participate in Middle Eastern oil production and its associated operations. This involvement often takes the form of joint ventures, production-sharing agreements, and various other business models.
Digitization of Oil
& Gas Industry
The digital transformation of the Oil & Gas sector introduces cutting-edge design software, presenting a unified platform for 3D modeling, visualization, 3D CAE, and 1D systems simulation, analysis, and testing. This PLM solution drives swift and effective innovation, empowering engineers to rapidly explore design and test options, thus discovering economical and secure remedies for industry-specific hurdles.
Oil and Gas Equipment
Design and Engineering
Digital Manufacturing integrates PLM with shop floor tools, digital manufacturing facilitates sharing product data between design and manufacturing teams. PLM for Oilfield Services offers process design software aligned with product design, ensuring cost, quality, and reliability. This synergy helps meet time-to-market and volume objectives, while also cutting costs by minimizing costly post-design adjustments.
