The management of assets in the oil and gas business may be made a lot easier and more convenient if field operations are automated. Field management software that is coupled with CRM analytics is an excellent tool for automating various activities in the field. Because these software suites are specifically developed to decrease the operational issues in oil and gas asset management, they are also known as oil and gas asset management software. The software works by facilitating automation in the following asset management operations, resulting in more simplified processes.
Dispatching and scheduling
There are far too many field jobs in the oil and gas industry. Allocating these assignments to field workers while taking into account aspects such as skill sets, availability of people, and their ability to take on the job quickly is a difficult process, especially when the service team is as spread as it is in the oil business. Job scheduling and dispatching are automated with oil and gas scheduling software, making it as simple as a 'drag and drop' process for the manager. Automation eliminates scheduling conflicts and ensures that no schedules are duplicated or overlapped. Jobs are assigned to the nearest available field workers so that they can be completed as soon as feasible.
Timely updates
An oil and gas asset management project involves numerous teams, all of which must be on the same page in order for the project to go well. They should be aware of interdepartmental development because their roles are intertwined and interdependent. In this aspect, oil and gas software is extremely useful, as it can deliver automatic updates to various team members and keep them up to date on all progress.
Oil and gas asset tracking
The software includes GPS tracking, which aids in the oil and gas asset tracking on the go. This also aids in driver management.
Route planning
The software makes use of web mapping services to plan out the best travel routes. Route planning occurs in real-time, allowing drivers to travel more efficiently on roadways by avoiding detours and traffic.
Invoice and billing
Because numerous monetary transactions occur on the field, the programme also serves as oil and gas accounting software to track those transactions accurately and transparently. The accountant may keep track of on-field invoicing from the back office or from anywhere. The programme can keep track of thousands of invoices and make them readily available for reference when needed.
Data management
The programme serves as a centralised database for storing, sharing, and collaborating on corporate data. It provides both online and offline help and maintains data up to current at all times. Stakeholders, managers, engineers, and field workers can submit, download, and use data from anywhere with valid access permissions.
Miscellaneous - Reporting, monitoring, reimbursement claims
The service quality standard is inextricably linked to the performance of the service team. Because performance analysis of the service team is critical, the oil and gas software includes reporting and monitoring capabilities as well. Field workers can use the software to keep their managers up to date on their whereabouts by providing live updates on their work status. They can access their timesheet at any time and from any location. Self-services such as router checks, leave applications, and reimbursement claims can all be managed on the go and from any location.
What role does oil and gas asset management software play in cost control?
Travel and transfer costs are reduced
The cost of travel is heavily influenced by the performance and productivity of the field crew tasked with moving asset fleets to other locations. Whatever route they take, whether they make unnecessary stops or take too many detours, all of these factors have an impact on cost.
Travel expenditures rise when you spend more time on the road. The oil and gas field service software, on the other hand, makes efficient fleet scheduling possible. The software can plan out the best route to clients' sites using web map services, and this information can be instantly shared with field drivers so that they may avoid detours and take the shortest and safest path to the destination. This eliminates the need for additional travel and allows for the control of high travel costs.
Save money with effective workforce scheduling
Human resources are the most valuable assets for any firm when they are properly employed, but if they are underutilised, their salaries become a burden expense for the company. Oil and gas management software substantially streamlines workflow and allows for a real-time view of field activities, resulting in more transparent, consistent, and accurate performance evaluations.
The management can use the programme to automate job scheduling, in which jobs are assigned to employees based on their availability, skill sets, tool and equipment availability, task priority, and other factors.
The manager can monitor the work state and measure the productivity of the workforce in real-time using field automation capabilities such as GPS location tracking, time tracking, real-time communication, and centralised data management. These provide a clear image of who the rockstar performers are and who aren't living up to expectations, allowing the necessary adjustments to be made.
Final thought
Oil and gas is a massive business that is also highly vulnerable to higher costs on a variety of fronts, particularly those related to asset management. An oil and gas business that is liable to manage a large number of physical assets in order to provide its services, must use asset management software. It helps in saving a significant amount of money spent on asset purchases, maintenance, utilisation, renewal, and disposal.
