Oil & Gas
Frustratingly for executives, few oil & gas companies have deployed digital technologies at the scale required to make meaningful improvements to the performance indicators that matter most to them.(McKinsey)
Many oil & gas companies face challenges of unstructured operations, disparate eco-systems, disconnected processes, disjointed efforts, and a massive wastage of resources.
While digital transformations work well in various pilots, most do not go beyond those pilots because of 3 key reasons:
- Use case digitization pilots do not show clear value (inability to track ROI, project not have good bottom line impacts)
- Requires staff to develop new skills, adopt new processes, and change work practices (need right incentives & support)
- Many companies view digitization as discrete, siloed projects (must integrate with wider IT & operational infrastructure)
These challenges have a direct impact on the cost per barrel - which most oil & ga companies use to measure the efficiency of operations. Instead, as per McKinsey, oil and gas companies should address digital transformation through the following lens:
- Approach digital transformation with a relentless focus on value creation
- Implement rigorous tracking systems to measure bottom-line impacts of digital initiatives
- Implement a company wide cultural transformation through a decisive change management program
- Modify incentives to encourage large-scale adoption of digital-first practices
- Build a comprehensive/integrated IT/OT strategy - making sure new initiatives can be scaled to meet the needs of the business
Integrating various systems through APIs and streamlining workflows are critical to seeing the benefits of digital transformation. Streamlining efforts at head office is important - but streamlining efforts in the field is just as critical.
Sensors have become integral to operations - monitoring conditions of oil wells; identifying complications & dispatching workers to resolve site complications can save significantly. Utilizing work order apps and tracking equipment for preventative maintenance are also helping to increase the efficiency of operations.
Mobile/website applications are helping oil and gas companies streamline the workflow between field operations, field managers, derrick hands, geologists and others and head office. Using mobile/website application solutions, companies can better manage essential business communications; monitor and maintain highly-complex operations; use dashboards to make continuous operational improvements.
By digitizing oil & gas operations, companies in this sector can improve their bottom line costs, improve ESG metrics, improve processes, enhance productivity, streamline workflows, increase efficiency, and improve safety. If you have not implemented these changes to your business as of yet - now is the time to drive a full transformation program.
Oil & Gas Mobile Application Use Cases
How we can help
Mobile apps are reshaping the oil and gas market and introducing significant changes to the way they work, interact, and report.
However, to maximize the benefits of an oil & gas mobile app, it is best to ensure that all your backend workflow processes are digitized. Most oil & gas companies also find that having their data and applications in the Cloud helps to streamline operations and prevent disasters.
Poeta Digital offers all of these solutions - we support your operations end-to-end - helping your company be the best it can be.
How we can improve your oil and gas operational efficiency
Don't just take our word for it
Poeta was extremely effective in understanding our requirements and building a solution that enabled us to realize immediate operational efficiencies within our field service business.
How our clients have benefited
Equipment Maintenance Convenience
King’s Energy, which provides equipment and maintenance services to the oil and gas industry, often operates under tight timelines. They’re also dedicated to providing quality service. So it’s important for their field technicians to have easy access to accurate information.
Safety Made Easier Than Ever Before
Safety audits are critical activities in the energy sector, however paper processes and inconsistency hamper audit execution. This new mobile app development saved time, reduced costs, increased accuracy and created safer working environments.
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