MYTH #2: MONTHLY PRODUCTION ALLOCATIONS TAKES HOURS, SO SEEING DAILY NUMBERS IS IMPOSSIBLE
Whether you use grease sheets or painfully outdated legacy systems, software vendors count on customers believing change is hard and expensive. With today’s technologies, there is no need to live these myths about your production software. Myth #2 will show you how ground-breaking investments in IT systems reduced downtime and production costs for an Oil & Gas operator with over 1,200+ wells. They increased production 1-2% YoY overall by implementing innovative systems and processes. Now, it’s your turn to generate more value from your IT investments by exposing this important myth that potentially has you leaving significant money on the table.
Myth #2: Monthly Production Allocations Takes Hours, So Seeing Daily Numbers is Impossible.
BUSTED.
Access daily production numbers real-time and avoid costly issues. Run allocations in less than 30 minutes each.
Today’s world requires looking at the scoreboard all the time. So, we believe that production allocation should run in minutes, not hours to allow for more real-time numbers. Also, smart design can stem data issues that cause delays. The application should have multiple fail-safes from start to finish.
- Build in-field validation into the user interface for greater data quality.
- Expose data errors for correction through exception reporting. Make it available to the entire user base and watch the magic of visibility.
- Demand an engine that runs in minutes, not hours.
Your field and operations teams are ready to level up. Savvy IT organizations recognize how much more they can squeeze from existing systems and production assets when they unshackle operations team from legacy systems limitations. We must bust through technology myths that holds the business hostage. We must demand from legacy software vendors innovation at the speed of your business today.
To learn how you can optimize production from your existing assets, visit www.sevenlakes.com.
