The Western Canadian oil and gas industry operates in annual and seasonal cycles. A consequence is the need for a large number of skilled labor force and related equipment to handle peak activity periods.
The cyclic nature of the industry creates significant challenges, such as low equipment utilization on an annualized basis, retention of a competent field work force, potential for increased accident and worker injuries.
The oilfield service companies should prepare for new drilling season.
Here are three key points, which are the pillars to being a successful oilfield rental company:
- Equipment – Rental Fleet;
- People – Field Technicians;
- Operations – Internal Business Processes.
The oilfield rental units need regular inspection, maintenance, replacement, relocation, recovery and reconditioning of equipment, and it is better to do this before the busy season. More over new drilling season preparation is the best time to add new rental units or new type of equipment to the rental fleet. Usually oilfield rental companies have different options: purchase, lease, or finance new equipment.
To be prepared for winter drilling season oilfield service and rental companies should start hiring in September. There are a lot of thing to do in this short period: find qualified candidates, interview them, select potential employees, negotiate, make job offer, hire.
Training, certification and staff development ensure that the workforce will continue to develop the skills necessary for successful drilling season (H2S Alive, Standard First Aid, WHMIS, TDG, PST / CSTS). Successful oilfield service and rental companies focus on effective internal communication, teamwork and strong corporate culture as well.
Oilfield equipment rental is a complicated asset management and job tracking process that includes preparation, dispatch, management, control, invoice, analysis. Oilfield rental operations business process should be tested and optimized for increasing activity.
Unfortunately, due to the onsite deployment of rental units, the management process generally relies on paper forms or standalone computer applications. Paper-based approach is unnecessarily complex, expensive and prone to errors. It also makes it difficult to track the assets and jobs over their lifecycle, identify performance issues, conduct preventive maintenance and manage assets across a customer account.
Implementation of operation management software, such as RigER, gives the rental company return on its investment while providing both attractive costs and reliability to customers.
Please see our presentation – 7 Ways to Boost Oilfield Rentals.
Learn more about our solution for oil and gas industry.
RigER – Rig Equipment Rentals – oilfield rental operations management software designed for Oil and Gas industry. RigER manages entire oil patch operations: from client service request and service schedule via field tickets to final service invoice. RigER was designed for small and medium size energy servicing companies. RigER focuses on oil & gas equipment rentals but it tracks service jobs as well. It includes all features of oil patch service (Rig, LSD, Down-hole location, Well, etc.).
To know more about RigER please book a demo.