Pricing Examples

Operator

Operators spend fortunes acquiring expensive software licenses, providing never-ending training and infrastructure to satisfy the needs of their technical people while non-technical employees are often left with spreadsheets or PDF files as a way to collaborate. Standardization of packages can reach into the hundreds of thousands of US dollars per user while still not establishing smooth data and information flow between labs, fields, operations, offices and management locations.

Operators spend fortunes acquiring expensive software licenses, providing never-ending training and infrastructure to satisfy the needs of their technical people while non-technical employees are often left with spreadsheets or PDF files as a way to collaborate. Standardization of packages can reach into the hundreds of thousands of US dollars per user while still not establishing smooth data and information flow between labs, fields, operations, offices and management locations.

Technical experts become non-productive during this time and the steep learning curve creates a measurable reduction in work efficiency. As if this was not enough, IT department interaction and technical support visits to individually load updates on workstation waste an inordinate amount of valuable time.

With Geofit™, all employees work from a common interactive database. A user’s action, such as loading of new data or metadata (reports, videos, pictures, etc.) is immediately reflected on other users’ projects. This instant update allows a company to perform at a higher level and in a much leaner, efficient and collaborative manner between various departments such as research, development, operations, and management. All software version updates are controlled from a central location without interrupting ongoing work.

Furthermore, the Operator’s IT department will have a better control on the data and application versions used by every user. Overall, the Operator’s software costs can be reduced by more than 80%, IT departments can instead focus on improving infrastructure efficiency and support internal systems.

Here is an example of a medium-sized oil company operating in a few fields and partnering with others.

There are 40 technical resources broken down to:

•  3 Managers
•  2 Geophysicist
•  2 Geologist
•  2 REs
•  2 Production Engineer
•  1 Drilling Engineer
•  1 Completion Engineer
•  1 HSE Engineer
•  2 Petrophysicist
•  1 IT Database Manager
•  2 Data Loading Staff
•  21 Field Staff

Total: 40 personnel

It will depend on the configuration of the Operator and how many field staff actually need access, but let’s assume all the field staff access the database, we have the folowing pricing scenario:

Description

Unit Cost

Unit

Total

Geofit instance (500GB)

$ 8,500

1

$ 8,500

Additional memory (TB)

$ 1,500

1

$ 1,500

Additional users
$ 500
39

$ 19,500

Subscription seat Basic

$ 3,000

4

$ 12,000

Subscription seat Standard

$ 6,000
3

$ 18,000

Subscription seat Advanced

$ 10,000

2

$ 20,000

Subscription seat Premium

$ 20,000
1

$ 20,000

Total Cost / Year

$ 99,500

40 login access to DB and visualization
10 floating computation seats shared between all users

•  4 Basic seat: single app, single well
•  3 Standard seat: workflow, single well
•  2 Advanced seat: workflow, 10 concurrent wells
•  1 Premium seat: workflow, unlimited concurrent wells

The technical resources do not require software usage at all times. Some companies may have junior employees that split their time and work on single or limited wellbore as well. Hence, 8 floating seats should be adequate.

Start using Geofit™ today!

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