At the recent URTeC conference in Houston, Michael Maltsev, CEO of RigER, delivered an impactful presentation on the digitalization of energy service operations management. Highlighting the journey from field operations to boardroom integration within 24 hours, Maltsev emphasized that digital transformation is not a destination but a journey. His central message was clear: “Have a Plan! Join the Journey!”
Watch the full video of Michael’s presentation:
Understanding the Digital Oilfield Road Map
Maltsev introduced the Digital Oilfield Road Map, outlining five distinct levels of digital maturity:
- Level 0 – Zero Digital: Operations rely on paper tickets and whiteboards.
- Level 1 – Simple Software: Basic desktop software solutions.
- Level 2 – Cloud Oilfield: Utilizing SaaS, IaaS, and PaaS technologies.
- Level 3 – Mobile Oilfield: Integration of mobile applications for field operations.
- Level 4 – Business Intelligence: Deployment of telemetry, smart devices, and business analytics.
- Level 5 – Digital Enterprise: Advanced technologies such as IoT, blockchain, smart contracts, digital twins, predictive maintenance, and machine learning.
RigER as an ERP Extension
RigER positions itself as an ERP extension, addressing key areas such as asset management, field services, schedule and dispatch, mobile field operations, equipment rentals, time tracking, purchase orders, and quality management. This holistic approach ensures seamless integration and real-time data flow from the field to the boardroom.
Case Studies of Efficiency and Growth
Maltsev shared three compelling case studies demonstrating the transformative impact of RigER:
- Increased Efficiency: A client in Houston replaced five disparate software solutions, resulting in a streamlined workflow and tripled invoicing efficiency. Real-time digital field tickets have enhanced safety procedures and equipment maintenance.
- Maintenance Optimization: A company managing a $1M monthly maintenance budget achieved 30% savings by implementing individual maintenance calendars and an additional 10% savings through telemetry data integration and mobile app deployment.
- Supporting Rapid Growth: Another client experienced a fivefold increase in operations without adding staff. Digital tickets improved operational efficiency, reduced invoice generation time from five days to 24 hours, and enabled the management of seven drilling rigs through the Rig Calendar Planning Tool.
Navigating Digital Transformation
Michael Maltsev’s presentation at URTeC highlighted the importance of a structured approach to digital transformation, emphasizing that with the right strategy and tools, even mid-sized companies can achieve significant efficiencies and growth. RigER’s comprehensive solutions play a pivotal role in bridging the gap between traditional operations anMaltsev underscored three critical insights for companies embarking on digital transformation:
- Cultural and Organizational Barriers: Technology is essential, but overcoming cultural and organizational challenges is crucial. This includes securing resources, refining processes, and obtaining management support.
- Aligning Digital Strategy with Business Goals: Digital transformation should enhance business operations, not the other way around. It requires aligning the digital strategy with business goals, understanding the current and future IT environment, and educating staff.
- Continuous Journey: Digital transformation is an ongoing process. Companies need to have a clear plan and be ready to adapt and evolve continuously.
Michael Maltsev’s presentation at URTeC highlighted the importance of a structured approach to digital transformation, emphasizing that with the right strategy and tools, even mid-sized companies can achieve significant efficiencies and growth. RigER’s comprehensive solutions play a pivotal role in bridging the gap between traditional operations and modern digital practices, ensuring that energy service operations are both efficient and innovative.
