Strategy firm Clareo and the Kellogg Innovation Network (KIN) reported on the E&P industry and its growing desire to create new digital solutions to increase production and reduce costs. Their paper, “The Oil & Gas Industry’s New Normal: Rethinking Innovation Priorities in the Age of Low Prices,” encourages the fast growth of innovation, commenting that digital solutions are one of the largest opportunities for the industry.
Sure, Goliath can pour all their money into Silicon Valley. But not everyone is a Goliath, and not everyone can turn to developers to create customized digital strategies. What’s the little guy supposed to do to stay not only in the black, but still embrace digital solutions?
Companies can start with the basics: safety and management. Compared to re-designing your entire drilling system, implementing a new way to report incidents and manage projects is minimally invasive while still resulting in increased efficiency and savings. Goliath is utilizing data services, so why can’t you?
The beauty of Wellsite Report (besides its intuitive mobile app, easy-to-use incident management, and customizable forms) is its scalability. You pay based on users and the features you need. No fluff, just efficiency. Starting with a digital safety management program that puts the data into your hands and gives you simple ways to supervise incidents – oversee an entire project from beginning to end.