Oil and gas companies deal with complex operations every day. In our computerized age life, it is impossible to think of things such as resource optimization and production management outside the digitizing global trends. That is why it is very important to choose the right oil and gas software solution to effectively overcome the challenges posed by the energy market and natural resources. However, according to McKinsey, oil and gas demand will return to the pre-pandemic level and continue to rise to support developing economic growth, especially the aviation and chemical industry.
There are two main obstacles of oil and gas companies faced today: raising operating costs and the fall of global prices at the same time. Although it is not possible to influence global prices, software solutions can optimize human resources and production to reduce costs.
Oil and gas industry trends
Internet of Things.
IoT is a system that can be worn, transportation, equipment, facilities, etc., is available via the internet. With electronics and sensors, all of these elements automatically collect and transfer large amounts of data processed on one platform. According to 451 vote research company surveys, most oil & gas companies use IoT for process optimization and data tracking in the supply chain, and one-fifth of the respondent's plan to introduce it to this purpose in the coming years.
Although many cloud-based solutions, IoT is also connected to the edge computing - when processing information is done closer to the edge where people consume it. For example, the sensor used for explosion prevention does not send data to the cloud but a local system warning
Project management software for the petroleum industry is used to plan, implement, control, and evaluate oil and gas projects. Digitizing the managing of tasks and routine processes provide the Company's Oil and Gas Company the following advantages:
- Work and collaborate on adjustable project templates
- Risk of estimation and monitoring projects throughout the project
- Resource planning that leads to increased project profitability
- Incident notification system with recommended actions to be taken
- Analytics that determine the risk of project, progress, and profitability
Data entry software is used to replace paper forms and spreadsheets in the field. This type of application is usually compatible with cellphones and allows workers to enter data and send them to the office to be processed further. In addition, data entry software offers users the following opportunities:
- Fill out the form with field data in an easy-to-use and intuitive interface
- Logging Run Tickets directly from fields on mobile devices
- Do automatic calculations and display them visually
- Changing field data into reports and invoices to be sent to payroll
- Enter data using offline mode and send it to be processed further while online
Data collection software for safety inspection. Safety guarantees must be taken very seriously when talking about working with heavy machinery. Sometimes application features for safety inspection are implemented in project management software. The use of software on the grounds of safety guarantee allows:
- Maintain constant and reliable equipment maintenance records
- Eliminate the danger of accidents by monitoring employee behavior
- Track working conditions and fix it on time
- Protect companies from violations of legal rules and fines as a result
The radio communication application is intended to connect workers in the field. SMS is not an option when it comes to gas field workers, they are often too busy typing and sending messages. Comparing with traditional walkies, refined radio communication tools will bring such benefits:
- Hot button system on a flexible radio application interface
- Quick access to the shortcuts of each worker or crew
- Quick search for workers because of the visual search interface
- Notifications with Protocols, Instructions, and other Information
- Important features for oil and gas applications
- Online and offline mode
- Job search and ticket
- Export invoice to accounting
- ERP Software development
- Approval by email, sign or stamp
- Employee scheduling.
- Training and support
- Compliance management.
- Equipment management
- Inventory management
- Logistics management
- Maintenance management
- Material management.
- Project management
- Resource Management
Reasons for developing special applications for oil and gas companies
The oil and gas industry is very flexible and divided into upstream, midstream or downstream sectors. Each sector, in turn, can be divided into a narrower segment of the Petroleum industry. Therefore, the choice of software solutions for each company depends on the specific work. Most oil and gas production companies use their own in-house software applications and here are the reasons for this:
Every niche in the energy market and natural resources requires certain software solutions.
Every company has its own workflow that can be considered Only when it comes to a bespoke application.
Users of standard application complains that it takes a lot of time for staff to learn how to use software.
In-house software makes it possible to set specific requirements before development.
The training course will be provided at home that facilitates and improves the learning process.
As we can see, there are various kinds of software used in natural resources and energy industries. Although digitization is far more common in the middle and downstream sector than in the upstream one, more and more oil and gas companies decide to replace paper use with the help of software solutions that are compatible with mobile. With the right software, companies can significantly save time and money by optimizing resource use and by shortening the ticket-to-invoice cycle. Even though there are ready-made software solutions available on the market, we will recommend the prompting application that is in accordance with your unique business goals and needs.
