Drakewell
The True Blue Digital Transformation Partner for O&G Companies

For ages, excel sheets, shared server file storage, and disparate databases have dominated the daily workflow of oil and gas (O&G) companies. Although these tools allow organizations to store crucial data, they never help in tapping valuable insights from large data sets. Given the ever-evolving nature of the O&G industry, it’s essential to take all the data points into account in real-time and seamlessly share information among all the stakeholders. That’s why businesses fail to achieve improved productivity, higher efficiency, and increased cost savings. As a result, players across this field today look for digital transformation by building an AI, Machine Learning, and advanced analytics-based ecosystem that will fundamentally change their modus operandi.

Helping O&G businesses facilitate their digital transformation journey is Drakewell. Founded in 2014, the company has designed a comprehensive oilfield operations software platform focusing on people in operations, the source of data, and the information that businesses rely on to make decisions. The holistic, easy-to-use solution replaces multiple disparate systems and ensures optimal user experience while allowing clients to make real-time decisions. “We have a proven package of solutions and capabilities that relieve pain and accelerate digital transformation and data strategies for O&G companies and their service providers,” says Alison Grogan, President, Drakewell.

Grogan makes note that the unpredictable world economy and fluctuation of oil prices often impact companies' ability to digitally transform because they struggle to maintain continuity within their digital organizations - reducing ROI and increasing the pain of a digital transformation. Drakewell's goal is to ensure continuity and retention of knowledge within its clients businesses despite these market cycles.The company always keeps its knowledge base updated and constantly converse with clients to understand their pain points and requirements. “We want to enhance the efficiency of our platform and that is not possible without the proper understanding of the market evolution. As such, our clients never come across any difficulty while using the software,” Grogan asserts.

We bring proven, fit-for-purpose technology and talent with domain knowledge that augments and accelerates the delivery of digital tools within our clients organizations

“It consumes all the data and simultaneously provides necessary insights. This how we ensure data always remains useful.”

For doing this, the company relies on its world-class software engineering team that has extensive domain experience and knowledge. They understand every nook and corner of this specific vertical and channelize that wisdom for the betterment of clients—and the industry as a whole. To put things into perspective, one of Drakewell’s clients was struggling to better manage data and share reports with all the stakeholders. The client was largely relying on manual processes and wanted to modernize their approach. “They were struggling with different data formats, disparate systems, and subsequently, poor data quality,” Grogan adds.

Working in liaison with Drakewell, they leveraged Drake FieldOps, Drakewell Analytics, and Datalake, which equipped them with quality data and real-time insights. Also, they were able to share the information with all the stakeholders seamlessly. This is how Drakewell enabled the client to optimize their operation, find new revenue streams, and scale their business.

With such instances of client success up their sleeves, Drakewell is focused on establishing a leadership position in the O&G tech space. In fact, in the years to come, the company has plans to reach a wide array of organizations to help them address challenges with field data capturing and edge technology. “We bring proven, fit-for-purpose technology and talent with domain knowledge that augments and accelerates the delivery of digital tools within our clients organizations,” Grogan concludes.