The “digital oil field” is nothing less than a revolution in how the oil industry does business. This technological sea change is both delivering tremendous benefits and creating significant new challenges.

Oil companies large and small are scrambling to see who can have the newest software with the most impact as well as “bells and whistles.” Realistically, the digital oil field (DOF) is not about showy technology but is a long-term process of discovery, trial, adoption, and exploitation, driven by often intense pressure for growth and profits. If reaping the DOF's promise were as simple as pushing a button or...

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