How efficient scheduling makes for efficient companies

For your E&P company to be successful, everything needs to be working at maximum efficiency in order to meet goals and budget. Resources? Check. Workforce? Check? Materials? Check. Communications? Check. In other words, all resources and components have to be checked off as working to plan. 

But when a spreadsheet is used for scheduling operations, things can quickly get off track and become highly inefficient. Here’s why.

With a spreadsheet, information has to be entered manually, which slows down the scheduling process and is subject to human error, whether it’s just a numerical error or an error in a formula. And spreadsheets can’t be easily automated in a workflow, so schedulers are constantly editing their spreadsheets and sending out copies to staff. Coupled with this, well delivery scheduling is inherently dynamic. Any given schedule will only be valid for a short period. Things change because of planned and unplanned events, and rescheduling has to be done. Because of this, spreadsheets are simply not effective. What’s more, reporting that would provide key insights into operations efficiency and risks is non-existent, and the process doesn’t support effective collaboration. 

Bringing all the pieces together, efficiently

The fact of the matter is, only advanced upstream scheduling software can bring all the pieces together: drilling, completions, facilities, construction and more, in one application that ensures scheduling efficiency. 

This type of advanced scheduling software also allows you to build and manage upstream schedules with an AI-powered optimization engine that identifies the best schedule to meet your goals. You get all the information you need from one source. Try doing that with a spreadsheet. 

Benefits that go straight to the bottom line

And where does scheduling efficiency lead? A better bottom line. Rigs are expensive resources that should be carefully allocated in any oil and gas operation. The right rig scheduling software enables you to maximize project collaboration and efficiency, shorten cycle times, reduce risk, and achieve predictable and reliable production. By increasing scheduling efficiency, you are actually making your operations more efficient while lowering the risk of error. As a result, your operations are more profitable.

If you’d like to learn more about how to make your company more efficient, please contact Actenum today at info@actenum.com.  

 

Owen Plowman
Vice President Business Development