REAL-TIME PROJECT INSIGHT FOR
Offshore Drilling Contractors

FASTER RESPONSE. MORE CONTROL. LOWER RISK.

Are your projects ready for the Real-Time Economy? Real-time enterprise operations is not simply about speeding up information flow. It is also about being able to monitor your entire portfolio continuously and react instantly when conditions change.
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Contractors

Every day, offshore drilling contractors in the energy industry are confronted with fundamental commercial, structural and regulatory changes in the worldwide drilling industry.

To grow their businesses in the face of these changes, energy/offshore drilling contractors have to handle ever-increasing pressure on equipment utilization, assets performance and human resources as well as changes in customer demands.

This is in addition to the pressures they face from evolving political and legislative environments where their licenses to operate put their procedures, systems, visibility, and traceability to the test.

The energy/offshore drilling industry is impacted by financial, operational and regulatory processes that are more complex than those of other industries. Therefore, to be successful in this project-oriented business, offshore drilling contractors have to quickly recognize and act on changes in on-going projects as well as changes in the industry.

The key priority for most offshore drilling contractors is managing assets long-term as well as maintenance. Contractors upgrading assets – or looking to extend asserts beyond their original planned service lives – on production platforms or drilling rigs have to adhere to strict quality requirements. Offshore drilling contractors have to avoid downtime because it negatively affects the bottom line.

Project Based

For energy/offshore drilling contractors, projects are the very foundation of the business. Consequently, to remain competitive, they have to efficiently manage complex projects of various sizes. However, these companies are often not able to do that because of the way they organize and support these projects.

Typically, the way most offshore drilling contractors structure their organizations and their systems makes it difficult to understand what’s happening in real-time, so it takes them longer to react to – and correct – any resource or supply problems. Not only are these delays expensive, they make it nearly impossible for offshore drilling contractors to determine whether their projects will ultimately be profitable.

Challenges

To help manage the complexity and volume of data, most offshore drilling contractors implement disparate project management tools but their business operations run less efficiently than ever. Advanced technology is key to helping offshore drilling companies deliver projects more efficiently.

Project ERP

To track complex projects, energy/offshore drilling contractors must implement a structured, controlled way of managing their projects via a Project ERP system. The system should enable them to monitor all the changes to the costs and progress of their projects and allow them to make adjustments instantly.

When problems arise, Project ERP helps offshore drilling contractors rapidly respond to customer requests as well as better manage and execute their projects.

The premise of Project ERP is that accurate and timely information must flow seamlessly between the various business functions. That way decision-makers will not only have visibility into what’s going on inside the enterprise, they’ll also have greater control over all parts of the business.

Proposition

By choosing ADEACA’s Project ERP solution to help manage day-to-day project operations, energy/offshore drilling contractors can meet their project goals and deadlines. With a true Project ERP system like the one offered by ADEACA, companies in the offshore drilling industry can:

  • Provide a more cohesive view of operations in real-time
  • Allow for a high level of equipment availability and safety
  • Increase the life of their assets, cut down on manual work, and make cost-effective maintenance planning possible
  • Meet the need for global standards
  • Effectively evaluate the profitability of projects in the sales phase and maintain that profitability through planning, design, and development
  • Ensure high cost equipment and resources are utilized effectively across a portfolio of projects
  • Reduce margin variance and cost overruns by showing exactly which resources and equipment will be available prior to project start
  • Improve post-delivery service opportunities by coming in on time and on budget more often
  • Quickly respond to scope changes and other external delays, including the impact across their portfolio of projects
  • Provide a clear real time view of their utilization and profitability across their entire portfolio of projects and clients
  • Enable close collaboration between their people, no matter where in the world they are based
  • Effectively manage time, costs, resources, contracts, and changes in a single solution

Generic ERP just doesn’t work for project-based businesses like offshore drilling industry contractors. In fact, implementing an enterprise ERP system could even hinder productivity and profitability.

Project ERP software from ADEACA, on the other hand, will enable energy/offshore drilling contractors to effectively manage and control their client engagements and all related processes while at the same time provide the required insights into business performance. This means they can operate more efficiently, make timely and informed business decisions, reduce risks and increase profitability
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