Manage Oilfield Rental Fleet Effectively
Oilfield Rentals (OFR) is a core module of RigER that supports any type of a job in oilfield rentals operations. It is interconnected with other modules such as Invoicing, HR, Safety, Mobile Apps, etc. providing seamless experience and user interface for every role and function in the organization.
Rental Fleet in RigER is made of different types of items (assets). The capability of RigER to track rental assets from cradle to grave in one system, collecting history of jobs, maintenance, and repairs, warranties, purchase price, etc. of each unit, is one of the key benefits of this module. In RigER the items involved in any type of a rental cycle are called Rental Units. A few examples of Rental Units (RUs) are: Light Towers, Forklifts, Trash Trailers, etc. Rental units in RigER can either be serialized or non-serialized.
Rental units can be simple – made of one component, but more often service companies provide complex rental units – made of more than one component. To be able to track those complex rental units correctly, with all maintenance history and job details, RigER offers several options:
- Combo Units (e.g. Water Pump and Tank combo, Generator and Light tower, Satellite Phone (base+ handset);
- Assemblies (e.g. Safety Joint, Friction Reduction, Drilling Motor, etc.);
- Packages (e.g. Mobile Home, Trash Trailer + Porta-Potty, Generator and Circuit Breaker, etc.).
Each option has its purpose. Contact us if you would like to learn more.
Oilfield Rentals module also allows users to track equipment that they sub-rent from a 3rd party provider and rent out to their client(s). RigER offers a Subrental module to manage, track, and analyze performance of sub-rental fleet.
All operational data captured and collected in the system can be used in the Business Analytics module to build Dynamics reports and Dashboards.
Rental Unit Statuses
Tracking of rental units and individual unit numbers is based on changes of the equipment “Status” property. Status defines whether the asset is sitting in the shop waiting to be sent to a client’s location, or if it is deployed, on a break, or needs to be inspected and so on. In other words, each status represents a stage or condition of a particular asset at a specific date/time. There are many different statuses that apply to assets. Some of them are:
- No Status
- Ready to Rent
- For Inspection
Here’s a general overview of how different statuses are linked together in the system.
Once an asset is purchased, its first status in the system is “No Status”. That sets the clock of the asset lifecycle in RigER. Then depending on different triggers – activities/tickets, etc. – status of the unit will be changing to reflect its condition/position/location in each job cycle. Reach out to us and we can schedule a quick live demo with you and your team to show how it works in real life.
To reflect the real-life organizational structure of your company in RigER you can set up “Departments”, which can be functional units, shops, yards, warehouses, etc. Each department can have assets assigned to it and – through inter-company transfer feature – you can track equipment and manage transactions between departments.
Rental Units Sales
Every rental unit at some point approaches the end of its lifecycle when it can be sold. The process of ‘selling’ an asset is straightforward and involves the Sales module, which includes a few key steps and associated documents in the system:
- Sales Order – used to input all the information about the item intended for sale
- Sales Shipment – “Bill of Lading”, which takes out the selected asset number from your inventory
- Sales Invoice – the document that finalizes the transaction.
Sometimes it may come the the point when a certain asset needs to be disposed. This is done through the “Item Disposal” document. This document allows you to select a particular asset(s) to be disposed, select the date, the shop where the asset is located, disposal value, etc., and the asset gets assigned the status “Scrapped” in the system and can no longer be used in any other jobs.
Book a demo to see RigER: Oilfield Services ERPTM in action
Features To Explore
Manage your daily oilfield operations on the go. Get access to real-time data anytime, anywhere.
Streamline your field service operations from quoting, scheduling and dispatching to invoicing.
Manage staff and equipment availability, assign them to jobs, schedule and track jobs, analyze efficiency.
See How With RigER You Can:
Manage Equipment Rental Operations
- Generate Oilfield Rental Invoices in 24 hours!
- Know Where your Rental Fleet and Field Team is
- Schedule Oilfield Service Instantly
- Dispatch Rental Fleet Faster
Always Be in Control
- See Full Picture and Make Data-driven Decisions
- Streamline Business Processes and Supporting Documentation
- Solve Business Challenges (Sales, Service, Revenue)
- Analyse Performance on an Ongoing Basis