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Oil exploration is expensive, and not without its risks, but it can be quite lucrative for a production company when a substantial reserve is identified. However, many oil fields are in remote, hard-to-reach locations. Before upstream activities like drilling and extraction can take place, a service company is contracted to construct one or more roads that enable heavy rig equipment to be delivered to the remote site.
Building an access road can be a challenge, especially since few things about site preparation are ever routine, but Wellsite Report makes the task easier for service companies.
Wellsite Report enables site prep PMs to manage their jobs more effectively. It not only provides real-time updates of work completed, but also enables PMs to address unforeseeable issues and better handle unanticipated delays. With Wellsite Report software, PMs can:
Additionally, Wellsite Report’s cloud software enables PMs to access a full electronic archive of all project updates.
A service company that finds a better way to manage site prep for a production company is likelier to be awarded future maintenance contracts for road and midstream pipeline maintenance. Projects could include mowing, trimming, and side cutting, as well as fencing, planting, and weed control.
A wide variety of service companies that specialize in oil field operations can use Wellsite Report to improve their job management.
After creating a project, jobs or wells can be added. These can be used to show work done to a specific well or used to segregate the updates, incidents and form data of the different jobs performed on site. Example jobs include, but are not limited to the following:
With Wellsite Report’s Project View feature, PMs can quickly check out data pertinent to a particular project or jobs associated within projects with graphs that track status updates and incidents. For custom visualizations, ask about our custom analytics module.
Find out more about what Wellsite Report can do for you — and how much better project management can be going forward.
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First, the good news. Since the height of the pandemic in 2020, exploration and production companies (E&Ps) have reduced their net debt from a high of $316.74 billion to $178.66 billion at the end of 2022. According to CreditSights senior analyst Charles Johnston, most independent E&Ps refinanced and now pay less than the double-digit interest […]
Although oil and gas producers are trying to get more out of existing wells than from drilling new ones, 2023 is on pace to be a record year for domestic oil and gas production. In this period of reduced exploration but peak output, wireline service companies and fracking service companies could greatly benefit from using […]
Oil exploration is expensive, and not without its risks, but it can be quite lucrative for a production company when a substantial reserve is identified. However, many oil fields are in remote, hard-to-reach locations. Before upstream activities like drilling and extraction can take place, a service company is contracted to construct one or more roads […]
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