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Relationship of Rig Scheduling Software & Profit Margins

Rig scheduling is helpful in project planning and project development within the oil and gas industry. Since rigs are expensive, there is a need to be careful when allocating them in the course of any oil and gas project. It also means that the number of available rigs at any one time is limited. Thus it is necessary first to allocate rig with special features to specific projects.

The emergence of rig scheduling software has proven to be more beneficial as compared to the old way of rig scheduling which uses spreadsheets. The key goal of businesses is to reduce expenses and improve their profit margins. Below are the pointers towards the relationship of rig scheduling software and profit margins.

 

moneyReduced Errors thus Improving Profit Margins

The old method of rig scheduling using spreadsheets leaves room for errors either regarding numbers or the formulas being used. On another hand, rig scheduling software automation ensures that the errors are minimal or none.

The presence of errors leads to reduced productivity and underutilization of rigs and sometimes losses meaning that the company does get optimal profits. Therefore, with reduced errors, the results achieved are optimal which improves the profit margins for the company.

 

Rig Scheduling Software Saves Time Increasing Productivity

Rig scheduling software improves the visibility of how rigs are scheduled across the entire company. Thus everyone knows where to find the necessary information, and they can get the information in an instant. This saves the time employees would spend navigating through spreadsheets or enquiring from various departments.

As a result, less time is wasted, and thus the employees spend their time in more productive activities. Increased productivity directly increases the profit margins.

 

Improved Efficiency

In case of corrections in rig scheduling using spreadsheets, the person who prepared the spreadsheet is required to make the corrections. This is because it is hard for others to navigate the spreadsheets. However, since the rig scheduling software is user-friendly, one can easily navigate it even if they are not the ones who prepared it. This improves efficiency as any authorized person can easily make the necessary corrections. It is also faster compared to the use of spreadsheets thus less time is wasted in rescheduling. Improved efficiency, improves results thus increasing the profit margins.

 

softwareAutomated Notifications

Rig scheduling software comes with the option of having automatic notifications. This means that any approvals, permits, maintenance, and other necessary activities related to the rigs are carried out on time. Failure to do this means that there could be penalties or other expenses incurred as a result of not carrying out the activities on time. For example, if maintenance is not done on time, this could lead to expenses as a result of machine damage or even reduced productivity due to breakdown. If expenses and losses are reduced, then the profit margins for the project are improved.

With the above information, it is therefore evident that there is a relationship between the use of the rig scheduling software and the profit margins on a project.…

A man water blasting the underneath of a boat

Finding the best sandblasting services in Los Angeles

Introduction

Once in a time, you will have some sandblasting needs. Whether it is simply keeping the environment clean or adding value to your property, you deserve to get service from the very best service provider. The search might be difficult, but if you follow the right guideline, you will get the best sandblasting.

But how do you ensure that you get the very best service provider? Here is an easy formula for you:

Ask for references from family, friends, and neighbors

22,cnb,fnlkAt least one of your family, friends or neighbors has used sandblasting services. It is a good start if you ask around to see if you can get helpful leads. You will find some references to begin your search. Follow up on those leads and see what you can get out of them.

Search online

Today business has shifted from traditional market places to online platforms. Everyone is advertising their services on websites, blogs,
social media platforms and the entire cadre of digital media. It is logical that you start your search here. Query on local sandblasting services. You will get hundreds if not thousands of options. Filter them one by one until you find the very best.

To make sure you only settle for the best, go over customer reviews on each of the options. By the end of it all, you will have found the best option according to your needs.

Approach several service providers

As it is popularly said, do not put your eggs in one basket. The same is true when it comes to finding the best sandblasting services. Invite and interview several options to ensure that you get the very best. You will be able to hear the offer from each one of them. After critically analyzing each one of them, you will be in a better position to pick the best out of the pool.

Do not be in a rush

Nothing done in a hurry tends to work well. Take your time to find the very best. Do not rush into the first option you come across. Take time to know what other offers are in play. You never know that the best deal is just around the corner if you took some more time to search.

Will it add value to your property?

Whatever is being done should add value to your property. There is no point of doing it if you will not be gaining from it. The service should not only make your home or premise clean but also add some value to it.

Ask for past projects

33mfngkjhfjkWhile it is possible to paint a glossy picture of a sandblasting service company on a website, it is another ball game to translate the same into the real world. You should, therefore, ask to see some past projects to make an informed decision. You will get a chance to see in advance the kind of work you should expect.

It should never be a daunting task to find a sandblasting service provider. With this step by step guide just for you, you no longer have to stress yourself.…