If you have an oil rig company or you’ve been employed by one to keep its finances and other affairs in check, it’s important to know some money-saving techniques. This is crucial for companies that need to cut back on their expenses and save money by maximizing their profitability. Read on to see how you can save money for an oil rig company and put these tips to practice for a positive outcome.
The first thing you should do is leverage technology. If you haven’t already done so, it’s good to put modern technology to work on as many levels as possible for your operations. This includes using drones to conduct inspections of places that are high-risk or hard for staff to reach. When you do this, it may help you make considerable savings as far as time and additional safety measures go because you won’t have to put people at risk. Keep in mind the employment of ground maintenance workers, as calculated by the Bureau of Labor Statistics, will grow by 10% between 2019 and 2029. That said, you can hire people for lower-risk positions and fine-tune their safety to a higher degree.
Improve on Safety
When you improve the safety of your oil rig bases, whether that is through introducing new body harnesses for workers or the installation of coshh cupboards, you will inadvertently be saving money. This is because when there’s a lower risk of people suffering injuries while at work, you lower the chance of having to pay settlement fees and the expenses of downtime. This is important because offshore platforms are generally located anywhere from a few hundred meters to 250 miles off the coast. Also, some rigs drill as far down as two kilometers beneath the surface and so it’s easy to appreciate that anything can go wrong. When you make your working environment safer, you also minimize the chance of having to replace workers due to injury, which is something that can cost you a tidy sum.
Train Staff Thoroughly
Next, make sure your entire team is well-trained on the procedures to follow and they know all relevant safety measures. This is because, while you can take steps to ensure the workplace is safe, it’s every worker’s responsibility to uphold their personal safety at the end of the day. For this reason, take onboarding very seriously and carry out drills as often as it’s necessary. This will ensure there’s no chance of someone forgetting the steps to take in case of an emergency, a very big deal when you consider the fact that every 23 seconds, there is a fire somewhere in the United States.
Secure Your Workspace
Finally, make sure your workspace is secured, not just on the physical level but digitally. This can save you a lot of time and money since cyber security is constantly evolving. Note that cyber criminals are getting smarter and getting more resources as well, so security systems that may have worked a few short years ago are currently all but obsolete. That said, enlist the services of a professional team to make sure you don’t risk your data or any of the systems that run your workspace. This will be a way of securing your finances in the long term, which is something you’ll be glad for in the future as your operations grow. With a safer digital workspace, it’s going to be easier to make plans for the future and get the most out, even as far as improving staff safety goes.
Take note of these suggestions and you may save money for the oil rig company you are managing. It may take some time and resources to implement some of these measures, but in the end, they will be worth everything you spent on them.