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Fueling productivity

How a major oil and gas operator reduced non-productive time by 7.2%.

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  • down-whiteClient
  • line-midChallenge
  • line-midSolution
  • line-midImpact
  • line-midConclusion

Client

Oil & gas is an asset-heavy industry. Businesses rely significantly on the efficiency of their assets. To ensure high efficiency, they must have effective metrics in place so they can reduce downtime and operational costs. Our client, one of the largest oil & gas operators in the Middle East, was struggling with similar challenges.

Challenge

Being a major oil & gas business, the client relied heavily on the efficiency of their assets. They lacked real-time KPI metrics and non-productive time. They also faced a lack of data integration and analytics and delays in calculating finance and the cost of assets. The client urgently needed to implement better metrics for managing downtime and operational costs. Addressing these issues required advanced analytics, including quantification, operation mapping, and data integration.
Their challenges included:
1

No quantification for non-productive time

2

No real-time KPI metrics

3

Lack of data integration and analytics

4

Delay in calculating the finance and cost of the assets utilized.

Solution

To overcome challenges, the client strategically partnered with Bahwan CyberTek, utilizing retina360, an advanced predictive analytics platform tailored for asset-heavy industries. This deployment enhanced asset monitoring, providing accurate insights. The innovative platform allowed comprehensive tracking of all assets and operations, pinpointing underperforming ones. Bahwan Cybertek's solution introduced quantification for internal operations, minimizing non-productive time. Operation mapping with real-time drill parameters was also implemented for better analysis. Retina360 facilitated seamless data integration across processes, enabling real-time KPI measurement for oil exploration. The implementation significantly improved operations, reducing non-productive time, mapping major drilling activities, and cutting down on go-to-market time. It also led to a notable reduction in the operational cost incurred in drilling and exploration activities, which directly benefited the client. It also decreased the analysis time to less than 1 hour, saving a significant amount for the client.
1

Real-time KPI computation for oil exploration activities

2

Centralized, real-time monitoring of drilling and oil exploration activities with active/live comparisons

3

Quantification to minimize non-productive time.

4

Operation mapping with real-time drill parameters for better analysis.

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Data integration by deploying retina360 and computed KPIs in real-time.

Impact

The solution proved transformative for the client. Bahwan CyberTek’s advanced predictive analytics platform, retina360, helped them improve their operations using advanced analytics and reduce non-productive time. Faced with challenges such as lacking quantification for non-productive time, real-time KPI metrics, and efficient data integration, the client urgently sought a solution to optimize asset efficiency and reduce operational costs. By strategically partnering with Bahwan CyberTek, the deployment of Retina360 addressed these issues head-on. The platform revolutionized asset monitoring, providing comprehensive insights that enabled the identification of underperforming assets. Bahwan CyberTek 's solution introduced quantification for internal operations, reducing non-productive time, mapping their drilling activities, and significantly reducing their go-to-market time. The reduction in drilling and exploration activities resulted in significant operational benefits, while the streamlined analysis time, plummeting from 48 hours to less than one hour, led to significant savings for each well drilling. Retina360 swiftly and decisively transformed our client's oil & gas operations, making a substantial impact on efficiency and cost-effectiveness.
1

Introduced a dynamic configuration for KPIs, dashboards, and reports.

2

Transformed operations within a short time, reducing overall time and cost.

3

Minimized non-productive time by 7.2%

4

Mapped nearly 600 drilling activities with drilling parameters.

5

Reduced GTM time from 16 weeks to less than 1 week per KPI

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Reduced operations cost by 7% in drilling and exploration activities

7

Reduced analysis time from 48 hours to less than 1 hour.

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Ensured savings to the tune of USD 650,000 per well drilling

Conclusion

The partnership has delivered significant value to the client, saving them both time and money. With retina360, the client optimized their operations while minimizing their non-productive time. The uniform data format allowed a holistic view of system data across different applications, streamlining processes and reducing manual interventions. Today, the client is happy with the overall results as they can monitor multiple drilling activities concurrently across different locations within a short time.

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+91 44 43449000,
+91 44 61739000

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Bahwan CyberTek is a global technology transformation partner, driving innovation and equipping companies for the future.

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