Oilfield Industry Company Aimed at Improving Communication

Midland, TX, June 13, 2015 --(PR.com)-- Reducing costs for an E&P company in the oil industry is no easy task. Service companies aim to alleviate costs by providing top of the line products. For instance, a directional drilling company may showcase themselves as the best drillers with durable down hole motors. They boast they can drill the fastest wells and build curves in less than 60 hours. In return for their services, they are saving the E&P companies time and money. The less time the rig is operating the more valuable a directional drilling service becomes. There are many companies in the oil and gas industry that provide services that will reduce costs. They range from building a pad to pumping the product out of the hole and beyond.

Recently, many startup companies in the oil and gas industry have been building their service around this model. Instead of providing a physical product, they create web-based platforms to connect industry personnel. They build directories that contain every company‘s information in the oilfield. Their preconceived notion is that if they create the industry’s networking platform, all communications will improve. If there is faster communication, they will be saving companies time and money. The notion is a viable one; however, there are flaws in the design and accessibility.

Petronaut was built to be the leader in oilfield information. From experience, Petronaut’s developers saw a weakness in the oil and gas industry. The oilfield lacked communication while operations and logistics were being carried out. For instance, an E&P company would hire a contractor (rig) to drill a well. From there, the operator would order tools from various companies to bring to the rig by truck. While this truck picks up from each and every service company, each company has no idea where the truck is. A lack of communication causes downtime, which turns into a loss of money.

Imagine if every worker in the oilfield had access to every company and its personnel. Imagine if involved personnel for each operation were aware of the stages being completed in real-time. Imagine if all the oilfield logistics were automated on one platform. This type of service would inevitably reduce downtime and optimize operations for E&P companies.

Petronaut was designed to solve these inconsistencies in the oilfield. Varying from competitors, the platform is available to every worker in the industry. Other web-based services focus on “networking” industry personnel to build connections for future job opportunities. However, none of them want to improve operations. Petronaut will connect all professionals on one platform to automate oilfield operations.