Stop the projects, I want to get off

People often ask me how our cloud service for production data management, production reporting and production allocation is different from traditional solutions. This is a hard question to answer, as I want to describe the distinct values of my product and company without seeming to denigrate the competition.

In addition, it’s really hard to provide quantitative information. We think an EnergySys solution is hands-down the fastest, most cost-effective and most configurable choice for customers, but this is largely based on anecdotal evidence. It’s rare for two companies to have delivered systems for the same assets under the same conditions, though we do have a fair amount of experience of replacing competitor systems, so an exact comparison is difficult.

However, during the course of a discussion with a company looking to replace a competitor system I realised that part of the answer lay in the conversation we were having. This user kept talking about projects. Projects to implement new assets. Projects to add new fields or wells. Projects to upgrade the basic software. Everything was a project. And projects required substantial time, money and resources, even just to get a basic upgrade of the software done. In fact, for this user an upgrade cost almost as much as the original project implementation! EnergySys isn’t like that. 

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The costs of unreliable data

In a recent survey we carried out, (download the report here), we asked professionals involved in Hydrocarbon Accounting (HCA) how confident they were in their data. Around 65% said that they were “not at all” or only “somewhat” confident in the data they were using as input to the hydrocarbon allocation process. This situation is problematic, given that allocation is all about determining the division of ownership of hydrocarbon products, and that mistakes can have a real and substantial financial impact. Inadequate systems and processes can make it difficult to manage routine issues like mismeasurements, and initially small problems can give rise to a cascade effect with consequences that are difficult to unravel. A failure of compliance is not the least of the potential problems.

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