Developing wells to completion and extracting hydrocarbons is a complex and costly process. Maximizing well economics and driving efficiencies within your operations is critical to meeting both topline and bottom line expectations. Partner with IHS Markit energy solutions to produce your best results.
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Oilfield Services Management and Costs
Industry Success Stories
Monroe Energy improves operational efficiency, enables Delta Air Lines’ strategy to cut fuel costs $300MM per year
As a Delta Air Lines subsidiary, this oil refinery reduced the parent company’s jet fuel costs by $300 million per year and increased the efficiency/productivity of its own 40 engineers by up to 2 hours a day – saving about $600K per year. The refinery also strengthened corporate governance by ensuring compliance with safety/environmental standards.
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Global Oilfield Services Leader Minimizes Risks/Costs by Proactively Maintaining Inventory of Electronic Components
One of the world’s largest oilfield services providers reduced uncertainty about parts obsolescence and replacement availability by providing its employees with real-time access to data for 25,000+ parts and eliminating delays to part change notices. The company also ensured compliance with latest REACH, RoHS and Export regulations.
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Energy Leader Saves Millions of Dollars with Innovation to Simplify Oil Extraction from Unconventional Reservoirs
A Global 500 energy company set out to find opportunities for greater efficiency in extracting oil from unconventional reservoirs and developed a steam-assisted gravity drainage production solution that now saves millions of dollars annually by reducing the need for maintenance and risk of interruptions.
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