How An ERP Software Can focus on Rig Operations ?

Rig operations area unit one in every of the foremost troublesome on-field jobs. extremely remote locations, 24x7x365 operations below extreme climatic conditions, vast expensive equipment, fast movement of stores things, in-time inventory management, risky nature of operations, timely preventive and breakdown maintenance; of these challenges create it a difficult arena within the international business. They can taking care of manpower’s movement, their timely care and coaching may be a major essential task by ERP Software for Rig Operations.

Oil and fossil fuel drilling rigs will be used not solely to spot earth science reservoirs however additionally to make holes that permit the extraction of oil or fossil fuel from those reservoirs. Drilling rigs will be little and transportable, like those employed in mineral exploration drilling, water wells and environmental investigations. they will be vast, capable of drilling through thousands of meters of the Earth‘s crust. giant “mud pumps” flow into drilling fluid (slurry) through the drilling bit and up the casing annulus, for cooling and removing the “cuttings” whereas a well is trained. Hoists within the rig will elevate many loads of pipe. alternative instrumentality will force acid or sand into reservoirs to facilitate extraction of the oil or natural gas; and in remote locations there will be permanent living accommodation and business for crews (which could also be quite a hundred). Marine rigs might operate several many miles or kilometers distant from the availability base with occasional crew rotation or cycle.

Considering the multi-location came upon of rig operators and complicated nature of job, one needs of  ERP Software for Rig Operations that's specifically designed for his or her systems that must be lean and alert, giving timely info and right MIS reports for prompt action. It additionally must be straightforward as users on location might not be too laptop savvy or well educated. Simplicity will be a crucial and purpose for associate degree ERP dedicated to the current business section.

Major operational modules that have specific desires, area unit Warehouse Management, acquisition, 60 minutes and Payroll, Finance (AP, AR/Cash management), and Assets Management. alternative vital options that ERP Software for Rig Operations should have area unit –

On-line/Off-line flexibility – Pre-condition of  ERP Software for Rig Operations is that it ought to be on-line as way as potential running on a lightweight weight shopper machine directly or work off-line in troublesome parcel of land wherever telecommunication is weak. Thus, it ought to watch out of knowledge replication as and once needed,between atomic number 67 and remote Rig locations or stores. It uses terribly low information measure, that too with none third party middle-tier like Citrix server.

Stores Management ought to watch out of multiple rigs, multiple stores, issue and come of components, consumables and alternative store material, transfer of varied things to completely different rig locations. ERP Software for Rig Operations ought to maintain Store receipts on Rigs will be directly from Central store or through Freight and forwarding agencies. Stock reconciliation, Inter-rig transfers, keeping track of inventory levels at a look not solely at one location however across numerous locations, drooping associate degree item that needs certification, verification of stocks at numerous locations on-line area unit a number of of additional vital options of inventory management.

Procurement will be domestic or from overseas locations. Services purchase area unit a crucial component of acquisition method. Partial cargo and legal proceeding of Requisitions area unit vital to-have options. a decent inventory cost accounting system would need it to be tightly integrated with stores and acquisition prices with purchase bill integration with inventory and accounts. Purchase budgets area unit vital component to regulate value overruns. There will be associate degree on-line fund dashboard for observation it.

Human Resource and Payroll (HRMS) module mustn't solely generate salaries and payslips however additionally watch out of coaching, Skills improvement, accomplishment, Leave management and group action system as well as extremely versatile shift management and interface with any quite ARS like swipe cards or biometric systems. System must watch out of visa connected problems, air tickets and alternative administration connected problems in 60 minutes department.

Asset Management is one in every of the foremost crucial area unites that desires keen attention in rig operations as vast values are fastened in these assets. Rig operation connected machinery and equipment value millions. Their breakdown may end up in shut-down of the operations. Any management of those assets at faraway locations may end up in loss of assets, non-performance because of lack of maintenance. ERP Software for Rig Operations mustn't solely maintains inventory of assets and stuck assets registers as well as user outlined depreciation and valuation; it ought to additionally takes care of kit maintenance with preventive maintenance schedules, break-down maintenance each in-house and from third parties. a versatile hierarchy to pin associate degree plus to a location or sub-location or a sub-sub-location, etc.  ERP Software for Rig Operations becomes a crucial tool to place associate degreed find an plus. Assets register is tightly joined to buy, Inventory and Finance. A well maintained plus Management System may be a major step towards safety of kit and other people. Infact, this will be referred to as the center of managing operations.

Finance module ought to be multi-currency, multi-location and multi-branch as most of the great Rig operators operate in such atmosphere. Thus, inter-branch transactions with internal auto-JVs for automatic reconciliation between branches is a crucial a part of ERP Software for Rig Operations.

ERP ought to permit consolidation of accounts of choose or all locations. Considering the importance of budgeting and cost accounting, this must be a crucial a part of the Finance module. Since, Rig operators need submission of accounting reports in international formats, IFRS compliance further as XBLR reportage area unit vital for a decent ERP Software for Rig Operations during this section.

A extremely parameterized Work Flow management system may be a sensible tool to possess for operations that area unit set in remote areas. This brings in vast improvement in productivity and work time for inventory.

Eastern software Systems has developed a made-to-order version of its ERP ebizframe specifically for Rig operations. this is often tightly joined to integrated web-portal for on-line interaction with workers operating in remote locations. it's simply extendable to e-procurement and provide Chain Management (SRM). For additional details, please write to us at: marketing@ebizframe.com and that we can establish contact with you.