Oil and gas companies need high-quality asset management to enhance operational efficiency and other critical aspects that involve assets. To help oil and gas companies to improve their asset management, experts developed oil and gas management software. With such software, you can ensure accurate asset data leading to a more improved decision-making process.
19+ Oil and Gas Asset Management Software
5. DataFrame Data Maintenance
6. Intrinsix OM
8. ArcGIS Pipeline Referencing
9. Controlstar SCADA
10. Data Points End to End
11. Drilling Data Management System
13. GEO SUITE
17. Oil Country OS
19. QC Database
What is Oil and Gas Asset Management Software?
Oil and gas asset management software is a technological tool you need to enhance your methods in handling your company assets. Assets keep your company’s engine running, which is why high-quality asset management is a must. Fortunately, there is oil and gas asset management software. That offers cutting-edge features and functionalities to help you with risk assessment, inventory management, equipment maintenance, and other tasks. Oil and gas company projects cost an impressive amount of money. Mining operations require geology and seismic software. These materials and procedures are factors asset management software can solve in quick, cost-effective, and convenient methods. Continue reading below for more information.
As you are already aware, manually managing assets takes too much time and effort. As the saying goes, time is gold. Time is needed in every aspect of your company, and time is also what oil and gas asset management software can help. Since they enable file sharing, big data storage, sheets for analysis, and many more features, time management improvement is ensured.
A free version, advanced premium features, free trial over a certain period are what most platforms offer. Since these platforms possess advanced features, they tend to have pricey prices. Aside from that, there are platforms providing features that may not be to your likings. That is why it is advisable to research and assess the oil and gas asset management software to know what platforms are best for your business. The following are valuable features you should consider in your research:
- Job Costing
- Logistics Management
- Maintenance Management
- CAD Tools
- Change Management
- Collaboration Tools
- Compliance Management
- Data Visualization
- Drag & Drop
- One-Line Diagram
- Parts Management
Top 10 Oil and Gas Asset Management Software
OpenWorks is a project data management solution that enables team members to capitalize on the efforts of others. Openworks has annual revenue of $54 million and 226 employees.
MineralFile developed by W Energy Software includes compliance management, inventory management, data import/export, reporting & statistics, and many more innovative features. W Energy Software has annual revenue of $37 million and 151 employees.
ONEview developed by Pedigree Technologies includes dispatch management, motor pool, tire management, maintenance management, and many more valuable features. Pedigree Technologies $13.9 million and 96 employees.
ENGAGE developed by ENGAGE Mobilize includes inventory optimization, project management, job costing, customer relationship management (CRM), and many more valuable features. Engage has annual revenue of $11.3 million and 46 employees.
5. GEO SUITE
GEO SUITE developed by Geologix includes work order management, equipment management, customization, mobile support, and many more valuable features. Geologix has annual revenue of $6.1 million and 42 employees.
CAESAR, developed by Plano Research Software, enables reservoir management, including visualization, performance analysis, sweep optimization, and well interactions. Plano Research Software has annual revenue of more than five million dollars and more than 25 employees.
SSI, developed by E.B. Archbald & Assoc. is a reliable software developed for energy enterprises. E.B. Archbald & Assoc. Has annual revenue of one to ten million dollars a year and employees ranging from ten to a hundred people.
GreaseBook provides features, such as equipment management, reporting & statistics, scheduling, third-party integrations, and many more. GreaseBook has annual revenue of more than a million dollars per year and more than ten employees.
9. Oil Country OS
Oil Country OS, developed by Arecon Data, includes logistic management, job costing, resource management, inventory management, and more innovative features. Arecon Data has annual revenue of $1.5 million and six employees.
10. ArcGIS Pipeline Referencing
LRS information model, network and event loading tools, network editing, event editing, geoprocessing tools, web services, and other features are included in ESRI’s ArcGIS Pipeline Referencing. ESRI has annual revenue of a million dollars and seven employees.
Why does a business require asset management?
Asset management is a systematic approach to maintaining assets to continue providing optimal value for as long as possible. The asset serves as one of the foundations of your business; poor asset management leads to a series of negative results. High-quality asset management ensures cost-effective methods and flawless operations.
Why do you believe maintenance is an important component of asset management?
Assets can be tangible or intangible. Maintenance is a crucial component in asset management as it helps your assets have a longer life and prevent breakdowns. Machinery is a part of your assets. Machinery maintenance enables a prolonged life span of your machinery, leading you to save repair expenses or purchase new machinery expenses.
What is the purpose of an asset management system?
Assets are critical material of your company, whether software, equipment, devices, monetary assets, inventory, etc. An asset management system is a process where an asset manager controls the flow of the assets. Budgeting and forecasting are factors a good asset management system can offer. Such a process enables you to save money and execute cost-effective ideas.
As you are already aware, manually doing asset management is effort and time-consuming. Other than that, manual managing can provide inaccurate data analysis, which can lead to wrong resolutions. With oil and gas asset management software, you can ensure accurate results. Therefore, acquire ideas that are compatible and perfect in including in your management software.
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