IHS Petrodata™ Petrodaily^® Rigs

This regional energy exploration and production company reduced the time required to generate monthly reports from 1 day to 20 minutes and reduced the workload from 2 full-time positions to one. Experienced staff now spends time making decisions instead of making reports and pumpers' accuracy has improved, too.

To lower costs enterprise-wide, a global energy company asked IHS to review 35 internal standards and list 143 comparable international standards. Research uncovered conformity opportunities including 25% savings on casing and tubing for $5 million annually and $180 million annually for conformance with ALL industry standards.

At this global energy company, the Market Intelligence team – which supports procurement decisions totaling $13.5 billion annually – cut in half the number of source locations that analysts must access to gather information and reduced by 50% the time required to generate reports/charts for decision makers.

This Danish energy firm makes expert use of an IHS tool to meet tight deadlines for project bids -- eliminating the need for hundreds of hours of manual cost-estimation and saving 75% of the time required to ramp up an outside contractor -- while giving decision makers confidence in the estimates’ proven accuracy.