There were days when specialized resources would have to spend hours manually retrieving and organizing information coming from all directions. For instance, a reservoir engineer’s early hours of the day would involve making a customized daily production report to be shared with the regulatory body before beginning his/her actual work. Similarly, delayed decisions from the headquarters were faced due to non-availability of real time drilling information.
Thanks to the digital era, the time consuming manual practices have been transformed by the ‘Digital Oilfield’. The main objective of a digital oilfield is to eliminate non-productive time which ultimately increases profitability. This is done through design and deployment of integrated workflows. Generally, digital oil field encompasses both the tools and the processes surrounding data and information management across the entire suite of upstream activities. Successfully implementing digital oil field technologies is not only the deployment of latest, coolest gadgets but it is also how a company efficiently harnesses the technology and information it holds. Therefore, technologies can have a profound positive or negative impact on human capital efficiency depending on how they are introduced and embedded into the organization.
A sample set of technologies that are receiving universal industry acceptance includes:
LMKR is proud to be part of the technology trade which actively provides extensive readymade or a comprehensive tailor made solution. In the field of Information Management, LMKR has multiple out of the box products for governments, oil & gas regulatory agencies, and E&P companies.We make your complex digital oilfield data and information complete; transparent; auditable; and, secure. Transforming it into actionable knowledge which enables you to make critical decisions to the everyday challenges your organization faces.
Learn more about LMKR’s Information Management services and solutions by visiting our website: http://www.lmkr.com/information-management/