Move to AI-powered scheduling software and dramatically increase efficiency
On the surface, MS-Excel and MS-Project can appear to be quick solutions for scheduling but look deeper. Using spreadsheets to model wells, rigs and resources is a time-consuming, manual process that increases the potential for human error. What’s more, they do not provide true insight into the impact of schedule changes or updates on important Key Performance Indicator metrics. You cannot easily and rapidly create and evaluate schedule scenarios and can’t make effective use of important information, like lease expirations, costs, and production type curves.
Why Actenum DSO is your optimal choice for scheduling
Designed specifically for operations scheduling, Actenum DSO automatically builds and optimizes complex schedules at a speed and accuracy that are impossible with a manual spreadsheet. It can handle thousands of wells, making management of operational complexity easy. You benefit from an improved ability to rapidly respond to budget constraints, equipment breakdowns, or crew availability limitations. It provides immediate clarity on the impact and risks resulting from schedule changes as well as insight into critical milestone dates, enabling you to increase performance and efficiency.
Learn more about how Actenum scheduling software can elevate efficiency for your drilling operations.
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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.
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.
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.
Benefits achieved with Actenum DSO/Upstream rig scheduling software
in people time
in 3 months
“We saved $1.5 million in people time in 3 months”
The VP of Operations at an IOC called us to say that his organization had saved an estimated $1.5 million in the first 3 months of using Actenum DSO/Upstream for rig scheduling. Formerly his team used MS-Excel to schedule drilling operations, and this required a daily meeting of up to 3 hours with 20 people attending. He referred to it as “the 3-hour argument”. After a very short time using Actenum DSO/Upstream the meeting evolved to a 4-person 15-minute daily session. The rig schedule was viewable by all attendees, the impact of changes was immediately visible, and questions about moving wells resolved rapidly.
within 60 days
“Scenario capability for rapid decision-making”
Actenum DSO/Upstream’s scenario creation and evaluation capability is used by a leading US operator to rapidly analyze multiple versions of a drilling and completions schedule, to determine the appropriate course of action to maximize project value. Unlike many other operators, the drilling project schedule is frozen only for a six-week period, and this enables them to rapidly reconfigure their approach to the project in response to operational and market conditions. In one situation the customer used a DSO/Upstream scenario to determine the impact of a decision to spend an additional $12 million in one area of an asset. They forecasted a $45 million return within 60 days, and this proved to be the case.