How are Smart Oil and Gas Companies Operating Lean in 2017?

Since the trend toward leaner operation in the Oil, Gas and Environmental Industries is expected to continue throughout the year, we felt it would be a good time to share some of the strategies we’ve seen our clients and others use to minimize costs and get the most out of their budgets - particularly during the remediation, reclamation, and divestiture lifecycle stages.

Identifying and Divesting High-Rent Land

In the past, the process of identifying good remediation prospects was slow, tedious and filled with manual processes. These manual processes, such as copying and pasting data from one spreadsheet to another or emailing project updates across an organization, took a lot of time time and produced frequent errors— both costly outcomes.

Now, better technology is allowing Oil and Gas companies to more quickly and accurately go through their data and identify sites with opportunities to reduce costs or liabilities. The industry is moving away from interfaces that require hours of comparing lines of data, and moving towards fast, visual understanding.

Technology that makes it easy to see site status allows HSE Managers to go through un-reclaimed land quickly and find opportunities for action. Maybe there are previously unidentified sites that may only require light remediation and can be easily reclaimed, or there is high-rent land that needs to be taken off the books. You can now see when these sites are close to one another and can be dealt with all at once, further reducing travel and accommodation costs.

This method of saving is great because it lowers the overall liability of the producer and cuts cost without causing layoffs.

 

Reducing Admin Hours through Better Data Management

Labour hours in the field are tracked meticulously, but what about your hard-working office staff? Data management hours can stack up, and our clients have found poor data management practices can contribute up to two full-time positions worth of work to even small organizations. When software is used to take the pressure off office staff, those hours can go towards streamlined, profitable activities.

At Long Run Exploration, a forward-thinking Oil and Gas company based out of Calgary, one HSE manager was able to cut her remediation planning time in half, and get better results even in the reduced time. Those hours have been put towards more productive work than tedious data management. 

Increasing Transparency

For Oil and Gas companies, increased transparency means you can more easily see that there have been no significant overbillings, unused funds, or other unused savings opportunities. There is a huge benefit to both client and supplier in with this open communication: misunderstandings can be cleared up with data that is readily available, or prevented entirely.

Proactive steps taken by a service consultant, such as having the right tools in place to reduce admin hours and provide greater visibility into project spend, provide benefits on both sides of the client-consultant relationship. Transparency eliminates the need for expensive, time consuming audits by keeping project data, cost, and progress visible. The consultant doesn’t have to charge as many admin hours or spend as much time reporting, and the Oil and Gas client gets peace of mind.

The Right Tools for the Job

Software is available to help Oil & Gas companies cut costs without cutting jobs, and forward-thinking companies are already making use of these tools to great effect.

To see these results, download our case study with TORC, an Oil & Gas producer who has transformed their remediation process with the help of Arkit's visual platform.

If you'd like a tour of one of the best platforms for managing remediation and reclamation projects, contact Arkit's friendly customer service team and request a demo!

 




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Why Are Spreadsheets Still Used for Fieldwork Management?

No matter how you slice it, getting up-to-date information to several different fieldwork teams - spread across dozens of active sites in a portfolio of dozens or hundreds - is a big job. Then compiling the incoming data into a something readable and providing updates to a bunch of clients all wanting a different reporting format… it’s a huge undertaking. The whole process can be exhausting, not to mention a drain on resources. So why don't companies use software tools to speed up or even automate some of these processes?




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Arkit Emerald Update Release

May 15, 2017

We're excited to announce the release of Arkit “Emerald”, an update with improved user experience and faster, better search features to help you find what you need when you need it.

New Search and Filter Features

  • Find costs faster with new date range filter on the Cost Dashboard
  • Find files faster with new file search and filter
  • Sort files by name, type, and size as well as upload date
  • Add your own custom fields to files for even more search flexibility

Task Improvements

  • Get a snapshot of task progress with a colour-coded progress bar

Other Experience Improvements

  • View buttons moved to map (Center Project, Edit View and Export)
  • "History" is now an Activity Stream filter 

These features are available May 20, 2017. Updates to Arkit are, as always, free and automatic for all users. See below for a detailed walkthrough of how to use the new features.

How to Use the New Search and Filter Features

Quickly pull up costs by date range!

Arkit Costs

You now have four options for sorting files, so you can bring what you're looking for to the top.

Arkit file sort

 

You can even add custom fields to files, and then use the search function to find information that is stored with the file.

 

Task Improvements

Quickly assess task progress and adjust timelines with the new colour-coded progress bar.

Arkit Tasks

View Buttons Now More Accessible on the Map

We've moved the view buttons to the map for easy access. These include buttons for changing your default view, exporting site images and centring the project on the map.

Arkit View

 

Enjoy the new improvements! 

Sincerely, the Arkit team.




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Arkit Makes METABRIDGE Top 15 List for 2017

May 5, 2017

Metabridge has announced the Top 15 Canadian Tech Start-ups to join their 2017 cohort and we at Arkit are proud to have made the list.

Kelowna, BC. May 3 2017: The non-profit organization, Metabridge, today announced the 15 start-ups of 2017 that will join their program and gain mentorship and access to capital. The event, taking place June 7 - 9 celebrates Canadian talent and tech innovation from across the country.

“Metabridge is a phenomenal opportunity for start-ups to network and get access to some of the world’s top tech influencers. We had over 160 apply this year, and it was a tough job selecting just 15,” says Sehra Bremner, Executive Director of Metabridge.

Now in its 9th year, Metabridge Live brings senior technology leaders and influencers to British Columbia to showcase Canadian talent.

The Top 15 Tech Start-ups for Metabridge 2017: 

Aimsio (AB/BC)
Arkit (BC) 
Aspect Biosystems Ltd. (BC)
Bartesian (ON)
Data Nerds (BC)
dubdub (ON)
EDP Software (BC)
GradeSlam (QC)
Koho (BC) 
Riipen Networks Inc (BC)
Skyprep (ON)
Solink (ON)
Swept (NS)
Thisopenspace (BC)
Trajectory IQ (AB)

We're looking forward to working with Metabridge to make 2017 our highest-growth year ever! 

 

 




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