How Oil and Gas Companies Can Benefit From Field Service Software

by Ashwin P. Blogger Enthusiast

The oil and gas is one of the most challenging industries in the world with complex work structure and major operational challenges. Time in this industry is as precious as the black gold. And it is a known fact that the last few years have been the toughest for this industry in particular. With oil prices crashing and production getting expensive, it is essential for oil and gas companies to adopt modern technologies to survive the competition.

The operational challenges are in plenty and the only way out is to improve efficiency in production and reduce the production cost to gain a competitive advantage in the market. With the help of field service software, oil and gas companies can isolate risk, complexity and manual processes from the field. It can also help the industry to derive more efficiency from the equipment and make the entire process a cost-effective one.

The field service software can provide advantages in all the 3 segments of the oil and gas industry, thus enabling a completely digital oilfield.

The Upstream Oil Sector-

As we all know that the upstream oil sector is concerned with exploration & Production of Oil. This involves searching for potential underground crude oil and natural gas fields, drilling wells and also drilling wells to recover the crude oil and natural gas to the surface. With the help of field service software the following benefits can be achieved.

·         Field software automates many important processes like pipeline inspections, drilling, treatment, frack data collection, well testing, and time sheets too. Thus, a lot of time can be saved in doing all these tasks manually.

·         With the help of the software automation operational, environmental, and maintenance task become more efficient. Companies can keep a track of the compliance to avoid fines through automated environmental inspections from time to time.

·         The field software also enables transferring critical information in real-time from the field to the management and from management to the field. Thus, companies can achieve their objectives more efficiently and within the set time frames.

·         A very important benefit that software provides is that it ensures plant rounds in the field. This is done with a GPS tracking of the operator, while the readings are captured too.

 

Midstream Oil Sector-

The midstream oil sector deals with transportation, storage, and marketing of crude oil. With the help of field service software companies can-

·         Automate the work orders, maintenance tasks, and inspection of pipelines and storages.

·         Corporate backend systems can be integrated in order to make sure compliance with operational and safety procedures. Safety on field is of utmost importance, as it revolves around human lives. Data can be transmuted in real time in case of any accident and immediate help can be procured.

·         On time and accurate field data can be reported on midstream operations.

Downstream Oil Sector-

The downstream sector is about various refining processes of crude oil and purifying raw natural gas. After the purification process, marketing, and distribution of oil and natural gas is undertaken. Field service software benefits in the following ways:

·         The field service software can be integrated easily with the existing PM/ERP systems. This gives much better control over the MRO.

·         The user interface of the software is easy to use and navigate through as opposed to the complex backend systems that companies use. Thus, it provides ease of access to all workers alike.

·         The software automates the maintenance of equipment, work orders, and workflow inspections. A lot of time can be saved this way and the down time can be reduced greatly.

The ever-fluctuating nature of oil and gas industry makes it imperative for the companies to gain a competitive edge. And this can be done by integrating field service software into the day to day systems. With documentation, scheduling and route optimization, the software will help companies to be more proactive with all the crucial information at fingertips.

The software can warn in advance of any equipment failure or when the pressure is out of range before it transforms into a big field problem and the operations get stalled. The companies that have integrated software into their existing working field systems have reported a greater efficiency and operations along with better production. Such reports are proof that for the betterment of the oil and gas industry as a whole more and more companies come forward and adopt the field service software.

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Created on Feb 22nd 2019 04:53. Viewed 471 times.

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