HUB Byte – Operations Report Manager – Cost Control
Did you know you can control your field project costs in Oilfield HUB?
In a recent report by Ernst and Young most oil and gas projects exceed initial AFE budgets by 59% and in an industry survey by Alix Partners only 19% of respondents stated their projects finished on budget. Oilfield HUB provides our Producer and EPC clients with a low cost alternative to spreadsheets, to record and report on actual field costs against AFE budgets. Our customers are building a comprehensive database and information repository surrounding their operating and capital costs for a wide range of projects including Drilling, Completion, Workover, Recompletion, Abandonment, Construction, CleanUp and Reclamation.
HUB Benefit
Oilfield HUB is helping Producers and EPCs to create and build a solid foundation project and cost data to aggressively uncover and adopt more cost efficiencies in their operations. The HUB helps you put a renewed focus on crucial well lifecycle project AFE costs, with a correlating benefit of reducing indirect and often overlooked G&A expenses throughout your organization!
Let’s Connect!
Our vendor enablement resources are available to assist with your adoption and roll-out of the HUB to guide your company toward a better way of tracking and reporting projects costs. Click on the Service Delivery button and one of our operations experts will show you just how easy it is to manage your project costs in Oilfield HUB.
Lower prices don’t always result in reduced costs as companies struggle to more effectively manage the ebb and flow of their service, supply and rental expenses. Click on the Contact Me button to connect with one of our account executives to learn more about how our clients are streamlining their operations and reducing costs through the identification and optimization of their vendor relationships!
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