Oil field lighting helps workers stay safe when working at night. It also reduces accidents, which can be costly in this cyclical industry.
DOT regulations that govern the safety of hauling flammable or hazardous materials apply to commercial fleet drivers, including oilfield fleet drivers. Those regulations include Hours of Service rules to prevent driver fatigue and ensure optimum road safety.
Flexibility
Oilfield services workers perform a variety of roles, but they all share a common goal. They strive to make the extraction of oil efficient and timely. From rig medics to wireline specialists, remotely operated vehicle pilot technicians, artificial lift specialists, and information technologists, oilfield services workers do it all to bring crude from the field to the market.
Many oilfield services companies like the oil field assistance Williston ND are implementing strategies to reduce their exposure to the volatility of hydrocarbon prices. These include offering products and services to other industry segments, securing long-term service contracts, and diversifying their geographic footprint.
Another way that oilfield services companies increase flexibility is by forming crews with employees from all over the country or even the world. The camaraderie these teams build is unlike any other, and it’s why so many people enjoy their work in this industry. In addition, working for an oilfield services company often offers generous days off. Some companies offer two weeks on and one week off schedules while others work three weeks on and then three weeks out.
Safety
Oilfield workers have to be well-trained to handle a variety of tasks. This includes the use of different equipment to get the job done, as well as proper safety practices. A great deal of attention has been paid to the safety needs of rig workers in recent years. This has significantly reduced LTI (lost time incidents) rates, which is good for the industry and employees.
Oil field work requires a lot of energy and mental focus, which can lead to stress and fatigue. This can make it difficult for workers to maintain a positive attitude and good health. A great way to avoid this is by ensuring that all workers understand the risks and hazards of their jobs.
Insurance is another essential tool to help reduce the risks associated with oil field work. This type of coverage can help cover the costs of repairs or replacements for equipment, such as pumps and rigs, which can be expensive.
Efficiency
Oilfield service companies supply equipment and services to E&P firms. Consequently, OFS revenue and earnings are closely linked to the price of oil and gas.
Profitability and efficiency are essential for OFS companies. They must be able to provide services at competitive prices and generate profits for sustainable growth in the industry.
Energy efficiency is essential for the sector because it can lower costs using less energy. This is a goal that many OFS companies are working toward through centralized data systems and other technological innovations.
Demographic and societal trends are also crucial for OFS companies. Increasing social awareness of climate change and negative views of fossil fuel industries have the potential to reduce carbon transition risk, which may shorten the expected life or profitability of existing projects.
In addition to cutting internal costs, OFS companies focus on diversifying their service offerings to increase revenue. This strategy can help them to decouple their costs from the price of hydrocarbons.
Reliability
Oilfield service companies help discover, develop, and produce energy resources for exploration and production (E&P) companies. This is a 24/7, seven days a week, 365 days a year job that requires thousands of people to bring one barrel of oil to market.
The company’s products and services must work as designed, without failure. This definition of reliability overlaps with quality engineering and safety engineering.
Oilfield workers are usually part of crews, and working with the same team provides a sense of camaraderie that many employees find rewarding. It’s common for OFS employees to stick with the same crew for years, and some form lifelong friendships.
