Shale Growth Perspectives
Over the last decade, worldwide shale production has expanded, producing more than 40 billion cubic feet of dry shale gas per day, according to research from BP. The search for clean alternatives to coal has pushed demand for gas across the globe. Established shale producers may soon need to scale up in order to meet the demands of this growing market.
In order to ensure their place in this growing market, shale providers should consider the following industry problems and solutions:
1. Equipment and technology demands.
By developing advanced drilling technology and techniques small energy companies that wish to take advantage of the healthy shale market and scale up their workflows must pursue similar strategies. Tracking the cost and productivity of old and existing equipment can help companies make informed decisions about what should be upgraded, and when. When it comes to meeting customer expectation, equipment management is paramount, and centralized control of maintenance schedules and downtime tracking ensures that providers will meet production obligations and avoid costly downtime due to equipment failures.
2. Supply chain and vendor management.
Shale industry supply chains differ from those associated with more traditional energy products. Upstream workflow components center on complex infrastructure and require wide degrees of support, including specialized waste management and transportation services. The average shale pad contains more than 20 moving operational parts, all of which must operate together.
Configuring supply chains of this magnitude is no easy task. Constructing processes on an as-needed basis can institutionalize inefficiencies and cause problems down the road. Communications solutions that push for point of contact cooperation with vendors and suppliers go a long way to developing effective processes that foresee future growth, and management resources that build upon vendor feedback capitalize on provider expertise and promote mutually beneficial relationships.
3. Workforce training.
Specialists from a variety of industries must collaborate to get shale extraction sites up and running. From the construction teams to drill operators, these workflows are critical to operations. Companies ramping up their shale operations need to cultivate and expand their talent pools to meet the needs of this industry niche.
In the current employment market, upskilling existing talent maybe the only workable solution. Oil and gas organizations can divert workers from verticals with declining prospects and retrain them for work in shale production teams. This move allows energy firms to boost their shale output without investing immense amounts in hiring and recruitment. Internal solutions that standardize training procedures and ensure constant upkeep of current training demands can weaponize a company’s current employee pool to meet the market and consumer demands.
Together, these strategies can help businesses in the oil and gas industry take advantage of the continued acceleration and intensification of the shale gas revolution. To find out how Accupoint Software can help maximize your company’s growth potential, please contact us today.
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