How to Achieve Operational Excellence through Digital Transformation

Achieving operational excellence in oil and gas industry has a great importance due to their high impact on operational efficiency and effectiveness by proper use of human resources, process, innovation and technology which will positively support the quick decision making, eliminate wastes, maximize the system capacities, optimizing the expenditures and resources. Operation Management System is an inhouse customized cost-effective software to collect, organize, calculate, allocate and analyze big data from different disciplines which helps oil and gas company operations in many ways to overcome business challenges, data management, enhance workflow efficiency, integrate between different disciplines, save time and cost. Each discipline in each company uses its own workflow and data processing technique which may leave gaps in the interconnections between them. These gaps require work duplication to cover overlap areas. Using Operations Management system achieves Generate Global database for all company assets production for better management for asset, well performance, target achievements and automatic notifications for targets over dues DFL, well tests, etc. also, allocate all wells in GIS Map for easy and quick access to well data. It provides cost control tool over the contract by real-time allocation for actual costs and invoices. Digitalizing all the contracts data and track contract administrative. It provides a smart notifications tool for contracts list that will be expired after 6 months. Real-time allocation for expenditures over the budget accounts directly from invoices and warehouse modules. it shows budget inception to date, Variance and forecast with option to display cost breakdown just by one click. Smart Tool for Tracking Invoices process as per Company Cycle to make use of early payment discounts. Automatic review for invoices as per cost reference (Contract or purchase orders) and allocate actual cost directly to both budget accounts and contract. Manages the process of administering receiving, issuing and approving the tenders of the business. It also provides access to all the tender archived data. It helps to detect problems sooner, boost collaboration and improve responses, for safer, more reliable, and more efficient operations.