It’s impossible to achieve operational efficiency without the ability to see your production and costs metrics. “As the challenges to scale continue to build up, big oil companies suffer from extreme functional and structural inefficiencies. Using outdated methods for measuring productivity in a changing landscape shaped by new technology and tools for tracking data delayed much needed internal growth. The failure to adopt a smarter business model driven by big data and analytics forced CEO’s to rethink their approach to securing a prosperous future.” Julian Mitchell from Forbes.
It’s no secret that there’s a need in the Oil and Gas industry for accurate reports that deliver actionable intelligence for quick decision-making capabilities. An important issue of focus to increase profitability is data visibility for agility. Easy access and accurate data will allow you to stay on budget and achieve business initiatives.
YOU DON’T KNOW WHAT YOU CAN’T SEE.
It’s impossible to make effective changes or improve processes without the ability to see your well’s economic well-being and production activity. Timing is also critical in accessing the data. Without viewing current information, you’ll never have the opportunity to make cost effective improvements and achieve operational efficiency. Easy access and accurate data will allow you to stay on budget and achieve business initiatives.
BUILDING RESILIENT WELLS STARTS AND ENDS WITH BEING ABLE TO SEE EVERYTHING.
Strong and trustworthy data visibility allows leaders to make real-time decisions, driving efficiency. By utilizing technology and focusing on collaboration, the company views the same reports, improves operations in the field, and reduces the cost of compliance. With wells being the heart of the organization, operations must ensure that processes are strong and in optimal health to ensure maximum productivity. A well’s bloodline is the data that it generates. The way that this data is collected, analyzed and acted upon ensures a resilient well that produces at maximum capacity at the lowest possible cost.
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