Real-Time Data Transparency Transforms the Oilfield Construction Process

by | Jul 16, 2019 | Oil and Gas

Managers with the responsibility of hiring an oilfield construction company today are increasingly looking for one thing from a provider: transparency of process.

That’s why so many top-tier oilfield construction outfits are reacting to client demand by offering advanced software systems that can keep all parties constantly updated in real time about the progress of pipeline or other infrastructure projects.

Real-Time Data Tracking

For example, when industry observers looked at oilfield construction companies in Calgary as a representative example, they found A-List firms offering high degrees of data-driven insight and information. That included real-time data tracking on a project that can be accessed at any time. Construction firms also offered “issue-tracking” that bolstered client-to-customer accountability.

Communication and Collaboration

Another vital aspect of bringing transparency to pipeline and oilfield construction jobs is a high degree of communication and collaboration between all parties. The key is having data available on the spot in an easy-to-access manner. That might mean simply a phone chat, or the ability to log onto a screen showing all parameters of progress at a glance. Such data may include pie charts and other graphic forms of information. But communication might also involve an HD video chat, email, or video conference.

Key Data Points Accessible

For example, if a project supervisor wants an update on something specific, such as welding progress, that specific data is now routinely available instantly. The same is true across an array of issues, from manpower realization to safety reports.

Transforming Change with Results

The availability of deep data on oilfield construction projects has brought new levels of efficiency and accountability to an age-old industry. Industry analysts found some remarkable fallouts from this new era of high transparency within the oilfield construction companies in Calgary sample they looked at.

A fascinating example is how much money can be saved on key processes, such as the fundamental procurement process. Increased transparency of how supplies and equipment are purchases has resulted in cost reductions of 15% to 20% in procurement alone.

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