Oil and gas companies operate dangerous activities; small mistakes can lead to failed operations leading to oil spill accidents. Oil and gas project management involves numerous factors that manual processes are not enough to ensure the project’s success. That is why. Companies nowadays utilize oil and gas project management software. Continue reading below for more information.

5+ Oil and Gas Project Management Software

1. Aspen PIMS

aspen pims

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Rating: 4.5/5

Price: Custom

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2. Earthwork Take-offs

earthwork take offs

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Rating: 5/5

Price: Custom

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3. MyQuorum

myquorum

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Rating: 4.8/5

Price: Custom

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4. ScheduleReader

schedulereader

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Rating: 4.5/5

Price: $199/month

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5. FieldFX

fieldfx

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Rating: 5/5

Price: Custom

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6. Petrofly

petrofly

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Rating: 4.7/5

Price: Custom

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What is Oil and Gas Project Management Software?

Oil and gas operations undeniably are risky operations. It involves drilling, the usage of dangerous machinery and equipment, and other harmful procedures. Poor quality management leads to project delays, profit loss, accidents, and machinery breakage, all of which are frustrating and stressful. For this reason, experts developed oil and gas project management software to help you improve your project management to ensure safety and operational efficiency. Oil and gas project management software provides numerous innovative features and functionalities that help you assess and monitor every aspect of your project’s operations. Such a tool allows you to check everything on one platform.

Benefits

Undeniably, oil and gas project management software gives so many benefits and advantages to your company projects. Due to its features and user-friendly interface, you can save more time from the unnecessary manual processes and focus more on aspects that need more attention. With such a valuable tool, you can save more time and money and perform high-quality risk management.

Features

Technology companies that developed oil and gas project management offer different valuable features and functionalities that can either be compatible with your projects or not. A lot of platforms provide impressive features that can help your project management big time. However, some platforms may not give you the satisfaction you want. That being the case, it is advisable to research and read user reviews about their ratings on particular platforms. That way, you will know what innovative platform is best for your company. The following are features you should consider in your research:

Top 6 Oil and Gas Project Management Software

1. Aspen PIMS

Aspen PIMS developed by Aspentech includes demand forecasting, model lifecycle management, AUP case management, inventory management, and more available features and functionalities. Aspentech has annual revenue of $598 million and 1,710 employees.

2. MyQuorum

MyQuorum, developed by Quorum Software, includes GIS integration, lease management, resource management, and more innovative features and functionalities. Quorum software has annual revenue of $280.3 million and 1,144 employees.

3. Earthwork Take-offs

Earthwork Take-offs developed by Dirt Logic involve detailed quantities report, demo area layout, cut/fill grid map, multiple 3D views, and more advanced features. Dirt Logic has annual revenue of $14 million and 63 employees.

4. FieldFX

FieldFx developed by LiquidFrameworks includes billing and invoicing, equipment management, maintenance management, and more innovative features. LiquidFrameworks has annual revenue of $8.8 million and 61 employees.

5. ScheduleReader

ScheduleReader provides a quick, interactive overview of project data, enhancing project communication and team coordination. ScheduleReader has annual revenue of more than a million dollars and more than ten employees.

6. Petrofly

Petrofly provides features, such as oil and gas production data management and interpretation, reducing operational expenditure, owner relations, custom solutions, and more. Petrofly software focuses on helping oil and gas firms to obtain operational efficiencies with cost-effective methods.

FAQs

Why is oil and gas project management software crucial?

As you know, oil and gas operations involve numerous critical aspects that you need to give attention to all the time. Manual processes are not enough; you will need a tool that ensures all components are attended to and completed without a mistake. That is why most oil and gas companies nowadays utilize project management software to lessen unnecessary, inaccurate, and time-consuming manual processes and obtain accurate project data analysis.

What are the ways of dealing with the oil crisis?

Oil is a fossil fuel, and much of the industrial age was built on the use of fossil fuels. Even so, due to technology, there are ways to help society lessen the usage of fossil fuels. Such as technology that makes use of other types of renewable energies such as steam, solar, and wind.

Why do you need high-quality project management?

A poor performance project management can lead to more delayed and more costly procedures. On top of that, your team will obtain negative feedback from your heads which is disadvantageous for your position. High-quality project management ensures smooth, quick, and cost-effective methods. Aside from that, good management guarantees safety and profitability.

Manual processes are time-consuming and stressful. Even so, as an oil and gas company, you need to execute projects flawlessly to avoid accidents and profit loss. Fortunately, you can use oil and gas project management software that can help you, including procurement management, supply chain planning, and manufacturing execution systems. With such innovative software on hand, you can reduce stress, worries and focus on development.

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