5 WAYS WINNING OIL AND GAS COMPANIES GET WELLS ONLINE, ON TIME, EVERY TIME
Digital enterprises and intelligent operations are the cornerstones of business success today, and upstream Oil & Gas industry is no exception. In the era of easy to access, collaborative and intuitive technologies, oil and gas professionals cannot be expected to manually rummage for documents and physically run across offices to collect simple information. If your wells are not being delivered on time, you know your processes are not geared for efficient planning and flawless execution. The systems, tools, and processes that are dragging you behind, need a makeover. Here are the five things you can do to make sure your wells are well in time!
PUT INTUITIVE SYSTEMS TO GOOD USE
Systems that are agile and alert will ensure that your teams have the right resources at their fingertips when they need them. Loads of printed reports and reams of excel sheets in different systems will hinder a strategic approach. Instead, you need intuitive systems that enable standardized processes, seamless cross-departmental collaboration, and automated workflows. You should consider automated SaaS platforms that provide you visibility towards a complete end to end processes. This enables you to identify bottlenecks and take required actions to ward off unforeseen delays and cost overruns in well delivery.
Various departments and a battery of experts need to come together to deliver a well successfully. Be it the team of geologists or geophysicists, or field experts or specialty engineers such as reservoir engineers, drilling engineers or completions engineers – the automated platforms will also ensure seamless cross-departmental collaboration. If your teams spend time chasing and validating information, you are staring at inordinate delays. Provide your teams a centralized web-based database that can capture data from various sources and enables them to access it from anywhere. The system should also provide them the ease of assigning tasks and alerts as well as the capability to monitor the progress and make real-time interventions.
DO AWAY WITH FRAGMENTED DATA, ONCE AND FOR ALL
Take a look around. On the one hand, you have third-party systems such as Well Operations systems, AFE workflow software, Economics & Reserves software and the likes, while on the other your own data incoming through various reports, readings and monitoring systems. All this data becomes a dump if it is not correctly collated, classified, analyzed and reported. Put a well management system in place that ensures data quality while integration and enables the proactive alert system. A SaaS-based platform can also provide you the flexibility of analytics enabled dashboards for post-drill well-lifecycle management processes such as Plug & Abandonment, Workover, etc.
VISIBILITY AND COLLABORATION MUST EXTEND FROM END-TO-END
Where is your well delivery stuck? Today if you are asked this question you will shift through piles of paper and call tens of people to get an answer. You need visibility across the process to identify the bottlenecks and take remedial steps right away. Analytical dashboards with clear identification of ownership among stakeholders, complete with attachments of relevant documents, enable you to act smart and fast. Automated workflow gives visibility to each collaborator on the progress of tasks such as well drilling, for example, and the alert systems allow you to not only assign task but monitor progress real-time.
LESS PAPER LEADS TO MORE EMPOWERMENT
And, we are not talking about the environmental impact of paper use, alone. Your capital planning has been paper-based, and you know, has been the root cause to push your timelines northwards. E&P companies have been traditionally paper heavy but are now shedding the weight in favor of more agile and intelligent digital operations. This is a must to build an end to end visibility in the system and enable insight based decision making.
JUMP ON THE AUTOMATION BANDWAGON
Does your current system give you visibility into what is causing a delay in rig scheduling or change in schedule for drilling? Proper planning for rig mobilization or demobilization is the key to get over delays, be it in securing permits or scheduling construction. However, given the legacy systems, the planning is more guess and gut than actual data and facts. The new technologies can integrate smart software to regulate constraints, create a feasible schedule and monitor it as well. Rig scheduling of the future means visual cues that flag violations of constraints, such as ‘not drilling and completing in proximity’ or ‘respecting continuous drilling clause/obligation.’
