Oil and gas companies provide a continuous supply of fuel to the required resources across the globe. There are other important tasks like drilling of oil or water wells too. All these works include overall analysis, creation of reports, collection of data and many more. They can be used for the future reference hence it is very important to maintain such data. All of the records are stored in the master database.There may be problems and issues regarding the maintenance of database. In such a case, the companies should opt for the very innovative life cycle management software. This is a part of operational reporting system which helps the drilling companies to collect the information. This innovative software is an excellent method to provide a better platform for analyzing key information, improving efficiency and saving money.
The software has been designed using a whole lot of features and specifications. Apart from that it is also installed with built in modules and is very compatible when it comes to meet the standards of the company. Permitting, Drilling, Completion, Work over, Analyze and improve are some of the important aspects of this software.
Apart from all these, life cycle management system takes a good care of database and avoids any sort of security threats. For this reason, this software is in wide use by many oil and gas company. One can also find some good features in this software which include-
* Well cost accounting-AFE VS field estimated costs
* Daily drilling operations module
* Well completion and work over module
* Regulatory-well permitting module
* Rig drilling/frac scheduling
* Well bore schematic software
This software, since their evolution, has been serving the oil and gas companies very conveniently.
- Reference: http://oilgassoftware.net/
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