Oilfield services, one of the largest industrial sectors that have reported immense growth in the last decade, are responsible for maintenance of bulk datasets. Oil and gas plants that cover a major portion of the energy companies are required to handle complicated, intricate data sets that involve subcontractors, staff, and suppliers. With an increase in the costs, oil and gas companies have resorted to increasing their efficiency to compensate. To increase product efficiency in exploration and production services, operators are developing automation technologies for procurement and scheduling processes. For smooth operation of automotive technology, there is a requirement of software solutions that cater specifically to the service sector of oil and gas.
Driving Forces for Custom Software Solutions:
Apart from a better operational ability, the utility of equipment is also enhanced with software solutions leading to greater profits from an increase in production while not compromising on the budget. The specific costs that are targeted are the operational costs, which are known to substantially limit profits. The solution to limit those costs is in customized software solutions. These tailored software solutions ensure an increase in field performance efficiency enabling the organization to grow faster and expand to better horizons in the hydrocarbon sector by generating demand.
The tailored software solutions developed for the processing sector help the oilfield sectors increase operational efficiency in various operations, one of the major driving forces for adopting software solutions. Production and performance in oilfield services utilize software solutions for analysis to optimize their parameters without investing a major portion of their annual budget, this is possible through analysis of a large collection of data that is accessible through tailored software solutions.
Example: A multinational universally renowned oil and gas company, is an example of an organization that utilized the resources of customised software solutions to analyze geographical data produced from seismic sensors for improving their production and performance.
Another aspect of customized software solutions is through mobile wherein company personnel can communicate easily and take important decisions without having to invest a lot.
Note: For taking mobile software to the next level and develop cloud-based computing software to perform operations online would require a significant investment of time and money.
As these software solutions are customized to suit various requirements of different sectors under oilfield services, they can be offered on a per-case basis. Based on requirements, the solutions can either feature resource management, production cycle monitoring, data collection, cost accounting services, etc. Smooth handling and faster processing of processes that are more complicated is possible through tailored software solutions.
As more services are looking to increase their operational efficiency, the investment in these software solutions is increasing. Major countries in Europe and the minors in countries like Africa and Latin America are recruiting the services of tailored/custom software solutions for improving their production through better recruitment of resources, exploration abilities, and faster processing in oilfield services.