Lease Operator Route Optimization Helps a Client to Re-deploy Operators Across Various Locations to Balance Workloads

A global oil and gas exploration company approached Quantzig to help them analyze operator routes and the internal data to improve operating efficiencies. Additionally, the client was also facing challenges like delays in operator services, high expenses, and inefficient workload balance. The primary objective of the client was to deal with these challenges by drilling additional wells and developing an effective strategy to improve its operating efficiency.

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Companies these days are compromising on operational costs due to the fluctuations in oil prices to sustain themselves in the market. With the recent fluctuations in crude oil prices, companies have started deploying lease operator route optimization strategies to increase efficiency. Companies are also making use of mobile applications to achieve results that are best suited for the available products and services. With the help of lease operator route optimization solutions, organizations can now limit the risk and financial exposure, reduce capital investment, minimize the associated time with the first commercial output.

According to Quantzig’s lease operator route optimization experts, “The recent drop in oil prices is forcing companies to compromise on the operational costs and reduce investments. As a result, companies have started relying on lease operators to cover fixed costs.”

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This lease operator route optimization solution provided benefits that helped the client to:

• Provide real-time and updated dashboards based on region, route, and operator for the management
• Share reports with the operators on their mobile devices with updated route plan and information
• Assess the impact on the operations and costs to effectively make changes to route stops
• Make significant improvement in efficiency and reduction in operational expenses
• Reduce 15% in total travel time
• Reduce 11% in miles traveled
• Re-deploy operators across various locations to balance workloads

This lease operator route optimization offered predictive insights such as:

• Comparing the results from each algorithm to identify the best-suited techniques
• Integrating the solution into the existing database to provide the most updated and optimized routes available
• Creating interactive dashboard to visualize the treatment pathways
• Visually represent the locations of wells to distinguish wells that were on line as well as shut
• Creating network graphs to visualize the routes being taken by the operating personnel along with stops and the estimated travel time and costs
• Improving workload balance across lease operators based on operational efficiency and staffing needs
• Mapping operator routes and status of the wells using real-time dashboards

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View the inventory optimization study: https://www.quantzig.com/content/route-optimization-oil-gas-exploration

About Quantzig

Quantzig is a global analytics and advisory firm with offices in the US, UK, Canada, China, and India. For more than 12 years, we have assisted our clients across the globe with end-to-end data modeling capabilities to leverage analytics for prudent decision making. Today, our firm consists of 120+ clients, including 45 Fortune 500 companies. For more information on all of Quantzig’s services and the solutions they have provided to Fortune 500 clients across all industries, please contact us.

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