Price volatility hits harder the independent E&P companies. And, the COVID-19 crisis has made it even more imperative for them to keep the operating expense (OPEX) down. To reduce capital expenditure (CAPEX) and optimize field operations, the three critical steps the upstream segment needs to take are:
Improve Operational Efficiency
Reduce People Dependencies
Leverage Touchless Interfaces
Business Outcomes
Business/Social
- Enhanced overall Operational performance by 15%
- Optimized operations result in more consistent and improved oil production
- Unified "Command center" view where the data is represented from 15+ disparate applications into one single platform
- Optimization of Oil Production by leveraging investigation workflow templates which in turn increase in Revenue > $10M
Information Technology
- Harmonizing the system landscape by Integrating 15+ Business processes
- Process over 15M events/year to detect exceptions real-time and near real-time
- The platform actively combined work-related chats and groups, providing better compliance
Human Empowement
- Empowered operations staff members
- Improved safety conditions for staff
- Access to better technology reduced manual labor
- Improved communication among Remote Operations Center (ROC) staff and Field Operators
Solutions
Digital Field Ticket
Well Profitable Analysis
Mobile App with iOS SDK
Touchless voice commands
Production Forecasting
Insight to Action
Predictive Maintenance
Virtual Assistant and data Analytics
10-15%
Productivity Gain, reduction in NPT, Improvement in HSE score
10-12 week
Implementation
Resources
15% improved productivity and 60% reduction in cycle time with Integrated Operations Platform for an Oil and Gas Company in the US
