Manage Oilfield Rental Fleet Effectively
Oilfield Rentals (OFR) is a core module of riger® designed to support every type of job in the 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 that are 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 a 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 to track equipment that your sub-rent from a 3rd party provider and put on rent for your client/s. To manage, track, and analyze performance of the subrental fleet we riger® has a Subrental module.
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 the change in the equipment “status” property of the asset. Status defines whether the asset is sitting in the shop waiting to be sent to a client location, or if it is deployed, on a break, or needs to be inspected and so on. In other words, each status represents the stage and the condition of a particular asset at a specific date/time. There are many different statuses that apply to assets. The list below give a few examples:
- No Status
- Ready to Rent
- For Inspection
Here’s a general overview how different statuses are linked together in the system.
Once an asset is purchased in the system, its first status is “No Status.” That sets the clock of the asset’s 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. We can show you how it works in real life in a quick live demo presentation.
Reach out to us and we will schedule a quick demo for you and your team.
To reflect the real-life organizational structure of your company in riger® you can set up “Departments”, which will 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 approach end of the lifecycle at which point a unit can be sold. The process of ‘selling’ an asset is straight forward and involves the Sales module, which includes a few key steps and associated documents in the system:
- Sales Order – used 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.
There will most certainly be situations when it comes to a point when a certain asset needs to be disposed. This transaction is done through the “Item Disposal” document. This document allows to select a particular asset/s that is to be disposed, collect the date of disposal, the shop where the asset resides, disposal value, etc., and the asset gets assigned the status “Scrapped” in the system and can no longer be used in any job.
Book a demo to see riger® 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
Be Always 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 Ongoing Basis