Offshore Day Rate Drilling

Product Description

The GumboNet Standard Offshore Day Rate Drilling contract automates the creation of pre-reconciled, invoiceable charges or invoices for drilling rigs that can be utilized by driller and operator financial systems.  

Features & Benefits

• Integrates with all industry standard Daily Drilling Report systems / Common operator systems
• Consumes daily drilling activities and other information critical to calculating day rates and applies agreed contract logic
• Flags all mismatches between drilling contractor and operator data nightly for quick dispute resolution; supports several NPT resolution mechanisms
• Configurable options to support Best Well or Planned Section time budgets, as well as various other macro and micro KPIs; can also incorporate IoT data as evidence of activities performed
• Supports Additional Services, (ie ROV), Rentals, Cost Reimbursables and Consumables
• 20-40% reduction in offshore personnel hours for approving and preparing invoices
• Automate or remove 60-90% of existing process steps
• Runs nightly to provide finality every 24 hours rather than every 2-4 weeks
• Outputs can be pushed to ERP and other enterprise systems via API