The annual cost of unmeasured service rig performance can easily exceed $500,000 per service rig. Multiplied over an entire fleet of rigs, the amount of money potentially wasted rises exponentially.
ProphetRMS brings revolutionary new techniques for acquiring, analyzing and reporting on rig operations. Prophet-enhanced service rigs automatically monitor and collect data from the wellsite using sensors incorporated throughout the rig for specific operational parameters and rig-operator activities. The system makes decision-quality information, produced in near-real time, easily accessible to field operators and other stakeholders via the Internet.
- Dramatically lowers costs for well intervention by improving efficiency and quality
- Provides decision-makers and rig crews online access to timely information from the rig
- Enables producers to compare the performance of rigs to a particular standard, or to another rig or group of rigs
- Improves rig utilization
- Improves production by reducing the time a well is shut in.
- Reduces well servicing cost as a result of greater fleet efficiencies through identifying and resolving poor performers
- Reduces costs by identifying downtime trends, root causes and mitigation thereof
- Reduces costs through the opportunity to improve well servicing operations for greater efficiencies
- Reduces costs through increased time between jobs as a result of increased job quality
- Reduces costs by lessening re-work
- Improves relationships with service companies due to quantifiable evaluations
- Increases accountability results in less disputes due to availability of data
- Provides ability to better manage service rig operations through transparency of operations
