What is an Oil and Gas Analytics Software?
An oil and gas analytics software is a digital solution that collects, manages, and analyzes data generated in oil and gas operations, from exploration and extraction to logistics for retail outlets. With the help of predictive modeling, machine learning, and big data analytics, companies can make better decisions to optimize operations, reduce costs, and meet sustainability goals.
Importance
The operations involved in oil and gas production are inherently complex, primarily because they generate vast amounts of data and involve numerous activities such as seismic activity monitoring, oil refining, pipeline maintenance, and tanker tracking. Gathering, validating, and evaluating these facts and figures manually is labor-intensive, time-consuming, and fraught with errors. With advanced data analytics software, oil and gas companies gain actionable insights in real-time. This helps them make better decisions about optimizing processes, managing potential hazards, cutting back on costs, and shifting to sustainable practices and options with little to no consequence for their bottom line.
ClearWell Dynamics, formerly Pioneer Energy Services, achieves its safety, quality, and sustainability goals with high-quality analytics software. With the platform’s comprehensive suite of features, the company can conduct methodical inspections, improve interdepartmental collaboration, and empower workers to make the right decisions based on accurate and reliable data.
Key Features
It can be difficult to look for a comprehensive solution that meets the company’s specific requirements and budget. When reviewing your options, it is important to review the platform’s capabilities. A reliable analytics software for the oil and gas sector should have the following:
Real-time data monitoring and collection
Predictive analytics and machine learning algorithms
Customizable dashboards
Supply chain optimization
Workflow automation
Asset management
Risk assessment and incident management
Data visualization and advanced reporting
Integrations
Mobile accessibility with offline capabilities
How to Choose the Right Oil and Gas Analytics Software
Any of the analytics software described in the list will be helpful in your oil and gas operations. Before making your final choice, take another look at your options in the summary below:
Oil and Gas Analytics Software | Free Version | Paid Plan | Mobile App |
SafetyCulture | Yes | $24/user/month* | Yes |
Petrofly | No | Contact for pricing | No |
Novi Labs | No | Contact for pricing | No |
Omnira | No | Contact for pricing | No |
Greasebook | No | Contact for pricing | Yes |
Actenum | No | Contact for pricing | No |
Drakewell | No | Contact for pricing | No |
* billed annually