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Follow on Google News | How The Oil Industry Can Increase Revenue & Minimize DowntimeBy: Petronaut 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” End
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