Real world results using Actenum DSO scheduling software
After two years of using Actenum DSO, one of our users received 2 internal awards for saving their Super Major $30M due to reduction in cycle times and time to first oil as well as saving 1,000 person hours/year.
Using Actenum DSO, we achieved $100 million in Free Cash Flow delivered by using Actenum DSO to simulate the impact of rig reduction and present options to leadership.
Our offshore Performance & Planning team were able to view the impact of changes in real-time which led to a direct impact on the bottom line. One well in the GoM was able to save approximately $10 million by rapidly generating scenarios showing the impact of different well sequences.
DSO not only helps reduce cycle times, but also determines economics and value, so we can effectively prioritize development. It’s highly configurable which makes it easy to use.
Before we started using Actenum DSO, preparing for a planning meeting was like going into battle. Now, because the software allows you to instantly see the impact a change makes to KPIs like production or budget, there’s no need to fight with team members. Actenum DSO just gives you the facts. It has dramatically improved team morale and revolutionized the way we work together.
When I first came to the company, everyone was busy putting out fires—like scrambling for permitting for a well that the rig was on its way to—and now with Actenum DSO/Upstream, we are scheduling 6 months in advance with tremendous visibility into all activities of all teams, from drilling and completions, to facilities. We’re hitting our production and budget goals like never before.
Actenum DSO has allowed us to hit our budget at a level never before seen, and the dynamic, “What if?” scenario planning capability has dramatically improved our decision making.
We’ve integrated every activity across multiple teams into our master schedule; even third-party activities are included because they constrain us and impact our overall success. When you have the visibility Actenum DSO/Upstream gives you into every aspect of your operation, you can truly be strategic.
The difference between Actenum DSO and other scheduling software is in its flexibility and scalability, to mold it around how different teams work. Instead of you adapting to the software, it adapts to you, which has dramatically increased adoption rate and buy-in from all our different teams. Not once has it not been able to work the way we’ve needed it to.
One of the most powerful capabilities of the software is the “What if?” scenario planning feature. It helps us see in minutes how a change to the schedule, like dropping a rig, impacts production, costs, or other metrics. It’s as easy as clicking a button.
I’ve researched scheduling software for a long time, and nothing compares to Actenum. It is definitely the best solution out there.
Actenum DSO helps reduce cycle times but also determines economics and value so we can effectively prioritize our development areas. It’s highly configurable which makes it easy to use.
The company is very dedicated to the software and its clients and that’s what makes Actenum scheduling software a great product. The technical and sales staff are responsive and very easy to work with.