There is no question that the oilfield industry today is fundamentally married to oilfield support services. Rigs and oil harvesting production simply wouldn’t be able to reach the scale that it has efficiently without the current market arrangements of specialization applied through third-party support. Both oil and gas market production, as well as exploration, are serviced regularly, allowing mineral harvesting companies to put their energy in and focus on core activities of production and letting the momentary specialty areas be handled by experts versus standing under-utilized resources.
Reducing the Need for Operational Bloat
Oilfield support services cover a range of periodic needs, including everything from logistics to well completion to line preparation and repair. Additionally, a variety of overhead and administrative services can be covered as well, including the booming field of oil and gas operation digitization management. Most support services have been in business for an extensive period, allowing them to bring to the table highly-trained proficiency and performance levels that can’t be matched by new internal hires of clients right off the street. The result saves time and money, and it avoids costly mistakes in temporary or periodic oil field activities.
Specialized Equipment and Skill On-Call as Needed
Services and equipment like Riglock (https://renegadewls.com/) wellhead management pieces make a big difference in time and effort, allowing easy well line lubrication, both in-person as well as remotely. Utilizing a combination of hydraulics, heavy equipment, and latch assemblies, the Riglock system is an ideal example where specialized equipment and support services are applied, keeping critical rigs online and reducing downtime as much as possible for maintenance.
Having reliable access to specialized equipment that can deal with the demands of high-pressure well line requirements as well as providing both in-person and remote safety is a huge advantage. Both injuries as well as downtime produce significant costs for oil and gas companies otherwise. Having on-hand drilling and well maintenance equipment and teams that avoid both problems pays off with safety as well as an improved bottom line.
Staying Nimble Creates Market Advantages
Finally, support services can keep clients on their toes regarding new specialized resources coming online and being available. This helps oil and gas companies avoid unwanted capital investments where, instead, they can access far more nimble support providers to take advantage of equipment or people for specific, short-term needs. It’s a far more efficient use of valuable investment dollars, and the net output potential increases as well.