“Oil is the New Data”: Energy Technology Innovation in Digital Oil Fields



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Article


“Oil is the New Data”: Energy Technology Innovation

in Digital Oil Fields

HaeOk Choi and Hwanll Park *

Science and Technology Policy Institute, Sejong National Research Complex 370, Sicheng-daero,

Sejong 30147, Korea; hochoi@stepi.re.kr

*

Correspondence: hipark@stepi.re.kr; Tel.:

+

82-44-287-2461



Received: 11 August 2020; Accepted: 12 October 2020; Published: 23 October 2020

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.


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