The impact of Software as a Service on oil and gas

During a meeting with representatives from our press relations company we were discussing (again) the impact of what we’re doing in bringing production reporting and hydrocarbon allocation online and delivering it as a hosted service. The fact is, I believe that this is not just an interesting alternative approach to software acquisition, but a radical departure that will transform our industry. I realised that the most important point is that we are driving costs down and dramatically enhancing quality, simultaneously and at a rate unequalled in the history of IT systems provision.

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Reducing the costs of IT in oil and gas

The ways that oil and gas companies address IT, outside core disciplines such as geology and geophysics, are marked by an unrelenting enthusiasm for cost cutting. However, it’s often the case that the methods employed, including outsourcing or offshoring, end up forcing a difficult choice between quality of service and cost. In the short term it’s easy to cut costs, but when you discover the things that don’t work because they’re outside scope or ill-defined, and the costs of putting them right, some options can be less appealing.

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