Lock, Stock and Barrel – StockNet Transforms Upstream Logistics


StockNet aims to incorporate all logistics information and make it easy to share and transfer: the master equipment list can be shared and all of the information can be viewed offshore in advance. The StockNet purchasing tool allows users to raise purchase orders, while a link to the IDS CostNet service allows the raising of invoices. The unique ‘drag and drop’ facility to build manifests, load-out lists, etc. dramatically eliminates both the time spent creating multiple spreadsheets and the errors associated with cutting and pasting.


The system incorporates a rental register and even flags up a reminder if items remain on hire for longer than intended. Being Internet-based, StockNet is easy to share with vendors and partners and can be used as a stand-alone system or as part of a wider package, while background synchronisation ensures that all nodes of the service are up to date and eliminates the problems associated with having various copies of one document scattered across the world.


StockNet can integrate seamlessly into other purchasing systems, such as SAP, thus providing a vital link into existing embedded systems.


Features of StockNet Planning


This enables advance building of well equipment lists needed for effective authorisation for expenditure (AFE) generation. The system covers both single- and multiple-well campaigns. Master equipment lists can be generated in advance and items can be called off as and when they are needed. The master equipment list can then be used to create well-specific lists, requiring once-only data entry.


Tracking


All items entered into the master inventory are pre-defined as either rental, consignment or purchased. Rental items can be called off and purchased items shipped exactly when they are needed. Items can also be manually entered even when they are not present in the master list.


Documentation


Integrated manifesting, material movements, material requests, material requisitions and purchase orders can be created quickly and easily. It is simple to select the document type required and then ‘drag and drop’ items into the document workspace for printing. Logistics ‘end of well’ reports, backload lists and ‘left in well’ lists can all be produced at the touch of a button.


Notification


With user-defined triggers, StockNet can automatically send emails to pre-determined appropriate parties. Triggers can include generation of a manifest, raising of a PO/SO, or even login notification. High-cost rental items can be ‘flagged’ at pre-determined intervals to remind users how long tools and other key equipment have been on the rig.


Document Management


The built-in file manager captures all of the documents – in any format – right at the line-item level. Certificates, hazardous material warnings, etc. stay with the item throughout its life.


Stock Tracking and Rentals


All purchased items can be easily tracked throughout their life-cycle from the original purchase order, disposition history and return to base


EXPLORATION & PRODUCTION – VOLUME 8 ISSUE 2


For more information visit the company’s website at www.idsdatanet.com or email sales@idsdatanet.com


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or write-off. High-cost rental items are effectively tracked from on-hire date to off-hire date while item history is obtained by simply selecting the individual item and viewing the complete movement audit.


Safety and Security


Data security is highly important to IDS. StockNet and, indeed, all the DataNet2 products from IDS, allows users to be given different rights of access through secure and personalised accounts. All the data are stored and backed up on remote servers.


The data are stored for a minimum of seven years, enabling the easy retrieval of archived items. This in turn means that historical reports and audit trails are easily generated. User rights are pre-determined and customised to suit the individual’s needs so that sensitive financial data are seen only by those who are authorised to do so.


Fully Searchable Database


All StockNet content is indexed and fully searchable. A simple Google-style search engine allows the user to search for any item in any location anywhere in the database. StockNet also has the functionality of allowing multiple location searches. If a particular item is needed at a specific location, finding it is fast and simple.


Time Saving and Ease of Use


The system enables users to simply drag an item, drop it, and then click ‘confirm’. At the rig, clicking ‘receive’ results in the appropriate stock records being automatically populated.


Full Support


All DataNet2 reporting and analysis tools have the advantage of full direct support from the IDS team 24 hours a day, seven days a week.


Environmental


In today’s environmentally friendly world it is also possible within StockNet to scan the certification documentation and attach it to the inventory list right at the line item level – no more lost documents or certificates and a considerable saving on paper usage.


Conclusion


With the rates of many downhole tools running into thousands of dollars a day, any rental item that is delayed getting to the rig or is left on site for longer than is necessary incurs very large costs to the operator. StockNet means that the time taken to plan, track and manage such items can be greatly reduced and the information gathered can be easily integrated with other tools to maximise the benefits.


The role of the logistics co-ordinator has a big impact on the smooth running of the whole rig. If the system used is inefficient then the knock-on effect is multiplied. The concept of the intelligent oilfield is now well understood in terms of the use of technology to aid with efficiency, but the truly intelligent oilfield is one in which all aspects of the rig work to enable and enhance the next. It is vital that the smaller details are covered to ensure the bigger picture is one of efficiency and cost-effectiveness. n


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