|Date Published||November 24, 2016|
|Article Author||Dave O’Connor|
|Article Type||November 2016 Issue|
|Category||Articles, Oilfield HUB|
|Tags||E&P, FCM - Field Cost Manager, Oilfield HUB Service Package, ORM - Operations Report Manager, PVM-Preferred Vendor Manager, S&S, The HUB Online Community|
CALGARY, Alberta, Canada (November 30th, 2016) – For the past number of years Oilfield HUB Inc. has been working with oil and gas industry veterans to provide operators and engineering companies with a new and improved daily field data capture reporting platform. The impetus for creating this suite of operations tools was formed by a leading engineering company who lamented that the current providers of drilling and completions software were mired in old software architecture and were very expensive to use. Oilfield HUB set out to build a product like no other in the industry.
Kevin Turko, CEO of Oilfield HUB describes the situation, “Field reporting is just reporting, it’s not really that complicated anymore. The oil and gas industry has relied on spreadsheets and overpriced software options for years. We wanted to provide a product that was web-based, simple to use, and was priced at a reasonable rate. Data is cheap these days. But, we felt that we could have a real impact and help operators save money on the vendor management side. The industry as a whole is plagued with inefficiencies when it comes to vendor management and the process of securing bids and orders that are verified and auditable. There is a lot of money that gets lost
within this complicated process. Today with the release of our Master Vendor List component, which we identified as a real game changer, we can provide our clients with the ability to manage the entire lifecycle of a well”.
Mr. Turko goes on to say, “The advantage of using Oilfield HUB to manage your wells and projects is that we assist the operator to identify and qualify their vendor list, issue bid requests and orders digitally, and move all that information directly into daily field reporting, all within a centralized data base. All relevant parties involved in the project have access to this information providing transparency and auditability from cradle to grave. There is no other product like it in the market”.
Oilfield HUB is designed to assist E&P companies throughout the complete lifecycle and project management of their wells. Operations are streamlined and both AFE and G&A cost efficiencies are realized through the identification and optimization of vendor relationships, organization of field projects, and centralization of supply chain activities for procurement of services, supplies and rentals. Culminating in daily field and cost management reporting, communications, productivity and accountability are improved between head office, field personnel and contracted suppliers.
If you would like more information about Oilfield HUB please contact: