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CASE STUDY:  ENERGY

Lowered Asset Lifecycle Costs by $100,000/day

40% Faster Cycle Times
Faster
Cycle Times 

Accelerated time to production.

200% Return on Investment
Return
on Investment 

Significant netback gains realized.

$100k Daily Savings
Daily
Savings 

Lower operating costs achieved.

CHALLENGE

 The company relied on numerous, complex paper-based processes that slowed operations and increased errors.

Asset lifecycles were difficult to manage, workflows required constant manual intervention, and disconnected systems created compliance gaps. These inefficiencies made it nearly impossible to manage asset decisions effectively or maintain regulatory standards. 

SOLUTION

Bits In Glass built an automated process to manage all five stages of asset management. The solution integrated with the company’s GIS system to enable geolocation of wells for smarter planning and decision-making.
By streamlining workflows and reducing manual steps, the company eliminated errors and complexity, while enhanced reporting capabilities improved regulatory compliance. 

TECHNOLOGY

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About the Client

 An integrated energy company that works in the exploration and production of oil and natural gas needed to automate its oil and gas asset lifecycle management process for tighter alignment with complex regulatory requirements and an improved competitive edge.

 “Bits In Glass helped turn our business unit from a cost center to a revenue center. Not only was there a 200% return on investment, but we were also able to meet very aggressive timelines and deliver more business functions than we originally identified.” 

 ~Lead, Business Optimization