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How To Run Your Oil And Gas Industry Through Software

As technology has evolved through the years in many different industries, it’s only natural that more companies now rely on various types of computer software to run their operations. This is particularly true within the oil and gas industry, where companies often have offices and work sites around the world, and are in need of having day-to-day operations that are streamlined as much as possible. Whether checking on maintenance issues on an offshore drilling platform, scheduling new assignments for workers, or billing clients after a job is completed, today’s oil and gas software can perform numerous functions that make running a company much easier than in years past.

Field and Production Data

For any oil and gas company, being able to keep careful track of field and production data is vital to ensuring expenses are not exceeding revenues. This pertains to many different areas of a company, and can play a key role in determining personnel levels needed at oil wells, production schedules, and much more. And with the increased use of mobile devices such as smartphones and tablets at production sites, software is becoming increasingly important in providing real-time data to managers, supervisors, and others. A variety of software is used for this purpose, such as iWell. With its mobile app, field workers can submit production reports, which can then be viewed in both graph and report form. Additional information about this can be found here.

Accounting and Business Functions

Along with providing field data that helps determine production schedules and other related operations, today’s modern oil and gas companies use software for a variety of accounting and other business functions. One of the most important functions of this software is being able to book jobs for a company much faster than in previous years, allowing a company to avoid fewer missed opportunities. Along with this, software can be used to ensure work orders are managed more efficiently, invoice clients, and manage billing functions for clients. As a result, a company can not only get paid quicker, but also line up their next jobs much faster as well. And as with most software today, mobile apps can make these processes much more efficient. By having field technicians using iPads on the job site, they can not only stay in touch with the home office, but also add time tracking and pictures to work orders, which can be beneficial if any questions arise. For more information about these capabilities, visit here.

Regulatory Compliance and Safety

Within the oil and gas industry, maintaining regulatory compliance at their facility and on remote job sites, as well as ensuring all industry and company safety guidelines are being followed, is crucial to keeping accidents from occurring. Various types of software can help with these tasks, allowing management as well as field employees to ensure all rules are being followed. Used extensively in contractor site inspections and by maintenance personnel who are inspecting equipment or making repairs to sophisticated machinery, this software can be somewhat expensive, but is usually viewed by companies as a smart investment in the long run.

Fuel and Operating Costs

For oil and gas companies, fuel costs for service vehicles can be some of the biggest expenses they face each month. Along with this, other operating costs, such as unexpected breakdowns of equipment, costs of replacement parts, and vehicle maintenance costs, can all add up to be much more than a company expected. By using software designed to track these costs in real-time, companies can gain a much better idea of how to plan future budgets that will take these costs into consideration.

As oil and gas companies become more sophisticated in their operations and have operations in place in more areas around the world, software specifically designed for these companies will become even more important. Whether tracking maintenance tasks of field technicians, how much oil a well is putting out per day, or the cost of operating a fleet of service vehicles, specialized software can make these processes much easier. For companies big or small, implementing various types of software into their daily operations will ensure they can stay ahead of the competition.

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