Revolutionizing Oil & Gas Contracts

Less Work - Better Performance

oil field drilling automation using smart contract automation

Enable Complex Performance Contracts

Target key objectives

Drive vendor alignment

overlay financial and operational data to proactively identify issues and drive operations

Real-Time Financial Visibility

Enable decisions that optimize profitability

Address issues immediately

Auotmate Invoice Processing, reduce fraud and error

Automate Invoice
Processing

Minimize admin tasks

Eliminate leakage and fraud

Synchronous Data QC

Ensure reliable and accurate source data

Fuel AI projects and business systems

How it Works

SmartChain digitizes your contract's terms and connects to multiple data sources to create a digital twin of the paper contract. This enables an automated process from procurement to payment.

smartchain contract automation overview that takes data from business systems, field sensors, APIs, IoT and feeds it into a digital twin of the paper contract to automate the order, fullfillment, ticket review, reconciliation, invoice coding and approval. It then feeds the results of real-time contract execution out to ERP systems, API, Rid EDR, HR records and more depending on the contract.

Current Contract Templates

Field Diesel

Visualize on-site tank volumes, automate replenishment, invoice processing and approvals.

Rig Crew Bonus

Drive performance improvement through direct incentives. Automatically track key metrics and process bonus payments for individual crew members.

Daily Rate Rig Contract

Visualize operating cost / revenue in real time. Automated rig timesheet enables stakeholder collaboration, simplified approvals and faster dispute resolution / invoice submission.

Rig Performance Contract

Enable advanced rig performance contracts to improve operations. Visualize progress in real time, eliminate errors and simplify disputes.

Digital Deliverables

Automated data ingestion & quality checks ensure service partners are meeting their contractual data delivery requirements without reviewing and re-formatting every file.