In the Oil and Gas Industry, the symbiotic relationship between E&P Companies and Oilfield Services Companies plays a central role in the extraction of hydrocarbons. These Oilfield Services Companies provide specialized and highly technically sophisticated services for Exploration and Production activities, and the interdependence between these two sectors is such that a simple error or inefficiency within the operations of an oilfield service can have enormous consequences for E&P Companies.

The complex nature of oil and gas operations highlights the importance of competence, reliability, and safety in service delivery. When a problem or error occurs, the implications ripple across the entire value chain. Non-Productive Time (NPT) due to equipment breakdowns, poor tool maintenance, lack of spare parts, poor logistics planning, personnel incompetence due to deficiencies or lack of training, or safety concerns can increase operational costs, production delays, environmental incidents, or even worse, injuries and accidents! All these adverse events disrupt and directly impact E&P Companies operations, which bear the brunt of the financial impacts and can lead to a domino effect, jeopardizing the financial stability of the entire project.