What is Digital Transformation? First and foremost, it’s about increasing productivity and efficiency through the implementation of streamlined, efficient and automated IT solutions that deliver lower costs. While the definition is clear, the challenge is not only to work out what is possible in your business, but to work out what change will deliver the maximum benefit in the shortest time. Digital Transformation means nothing without results.Continue reading “Digital Transformation with EnergySys”
Efficient and effective hydrocarbon allocation and production reporting can mean the difference between profit and loss, between growth and stagnation. However, there is a chronic lack of focus and consideration given to the tools that can help position your company to take advantage of a dynamic oil and gas market.
Many still opt for traditional hydrocarbon accounting (HCA) systems that are so often associated with expense, inefficiency, long delays and work-arounds. However, an increasing number of companies have learnt how much better HCA can be with the EnergySys Cloud Platform.Continue reading “Why EnergySys is Better”
It seems clear that a focus on digital oilfield has delivered real value to the industry, but the impact was not as broad as it might have been. As William Gibson said: “The future is already here — it’s just not very evenly distributed”. One key problem highlighted in our review of digital oilfield was a lack of a broadly understood definition of what digital oilfield actually means. Without general guidance and widely applicable process and technology, the spread of best practice will be limited by an individual company’s ability to identify and apply developments that might bring benefits to their business.
Looking forward, the energy around digital transformation is very positive, but the key question is how we maximise the impact.Continue reading “Digital Transformation – a Major Opportunity for Oil and Gas”
Just like every other part of your business, Hydrocarbon Accounting (HCA) is more efficient and produces better results when it is tailored to your requirements. However, with traditional systems like Energy Components these customisations present users with problems right from the start. Implementation requires a team of developers and technology experts, and these same highly skilled individuals are required every time a change is needed, or the software requires an upgrade. When you have to ask Accenture to do the upgrade for you then you know you’re in trouble! This type of customisation means that you have lost the benefits of a product: there’s no clear separation between the core software and your solution.
This is not simply a problem with production reporting and hydrocarbon accounting. It is a pattern repeated across the oil and gas sector. Continue reading “You deserve better: the future of Hydrocarbon Accounting”
Efficiency is vital in the oil and gas industry, and operators are constantly on the hunt for a competitive edge as they seek to produce hydrocarbons as cost-effectively as possible. This drive for efficiency has seen the industry shift towards automation that reduces human error and cuts costs. This change is particularly evident in mature plays such as the North Sea and the US onshore, where cost constraints are such that more and more must be done with fewer and fewer staff. Continue reading “Digital Transformation in Hydrocarbon Accounting”
As the end of the year approaches, we find ourselves evaluating how the past year has gone – what went well? How have we helped the oil and gas industry? What can we do better?
Sarah Gillet, the British Ambassador to Norway, recently spoke at an event in Aberdeen about opportunities in the Norwegian Sea. She gave an insight into the current environment, and her viewpoint is extremely interesting.
EnergySys will be speaking at the ECIM E&P Data Management and IM Conference in Haugesund, Norway on Tuesday 17th September.