Using a Digital Platform to Model Interaction between Oilfield Service Market Actors

Abstract

One factor that determines timeliness of the research topic is that the modern society where knowledge is a priority feels that, nowadays, the use of digital technologies should be a standard practice for interaction between actors of the Russian market for oilfield services. Considering the above, this paper is aimed at working out interaction methods for those oilfield service market actors who are involved in equipment reconditioning and renovation. In their research the authors mainly relied on systematic analysis, integrated analysis and economic mathematical modelling. This approach allowed them to develop comprehensive and realistic algorithms for and models of effective interaction between oilfield service market actors using digital technologies. Materials presented in the paper are of practical value for researchers and experts who deal with problems arising from the use of state-of-the-art technologies for better interaction between oilfield service market actors and managers of companies operating in oil and gas sector who outsource certain business processes of equipment reconditioning and renovation.