Lease Operator Route Optimization Helps a Client to Re-deploy Operators Across Various Locations to Balance Workloads

LONDON–(BUSINESS WIRE)–#Fleet–A global oil and gas exploration company approached Quantzig
to help them analyze
operator routes and the internal data to improve operating
efficiencies. Additionally, the client was also facing challenges like
delays in operator services, high expenses, and inefficient workload
balance. The primary objective of the client was to deal with these
challenges by drilling additional wells and developing an effective
strategy to improve its operating efficiency.

Companies these days are compromising on operational costs due to the
fluctuations in oil prices to sustain themselves in the market. With the
recent fluctuations in crude oil prices, companies have started
deploying lease operator route optimization strategies to increase
efficiency. Companies are also making use of mobile applications to
achieve results that are best suited for the available products and
services. With the help of lease operator route optimization solutions,
organizations can now limit the risk and financial exposure, reduce
capital investment, minimize the associated time with the first
commercial output.

According to Quantzig’s lease operator route optimization experts, “The
recent drop in oil prices is forcing companies to compromise on the
operational costs and reduce investments. As a result, companies have
started relying on lease operators to cover fixed costs.”

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A Free Demo to see how Quantzig’s solutions can help you

This lease operator route optimization solution
provided benefits that helped the client to:

• Provide real-time and updated dashboards based on region, route, and
  operator for the management
• Share reports with the operators on their mobile devices with updated
  route plan and information
• Assess the impact on the operations and costs to effectively make
  changes to route stops
• Make significant improvement in efficiency and reduction in
  operational expenses
• Reduce 15% in total travel time
• Reduce 11% in miles traveled
• Re-deploy operators across various locations to balance workloads

This lease operator route optimization offered
predictive insights such as:

• Comparing the results from each algorithm to identify the best-suited
  techniques
• Integrating the solution into the existing database to provide the
  most updated and optimized routes available
• Creating interactive dashboard to visualize the treatment pathways
• Visually represent the locations of wells to distinguish wells that
  were on line as well as shut
• Creating network graphs to visualize the routes being taken by the
  operating personnel along with stops and the estimated travel time and
  costs
• Improving workload balance across lease operators based on operational
  efficiency and staffing needs
• Mapping operator routes and status of the wells using real-time
  dashboards

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A Free Proposal to see how Quantzig’s solutions can help you

View the inventory optimization study: https://www.quantzig.com/content/route-optimization-oil-gas-exploration

About Quantzig

Quantzig is a global analytics and advisory firm with offices in the US,
UK, Canada, China, and India. For more than 12 years, we have assisted
our clients across the globe with end-to-end data modeling capabilities
to leverage analytics for prudent decision making. Today, our firm
consists of 120+ clients, including 45 Fortune 500 companies. For more
information on all of Quantzig’s services and the solutions they have
provided to Fortune 500 clients across all industries, please contact us.

Contacts

Quantzig
Anirban Choudhury
Marketing Consultant
[email protected]
https://www.quantzig.com/contact-us