Monthly Archives: December 2014

Ingenuity Requires Persistence

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There are several quotes from famous authors that talk about how “ingenuity can lead to significant rewards” and how “persistence can be the key to survival”. However, how high are the stakes when it comes to ingenuity and persistence in order to obtain significant rewards?

On the path towards any goal worth striving for, there are going to be obstacles, however, these obstacles cannot stop you from reaching your destination, it’s an opportunity to prove just how much this goal means to you. These are the moments in which to engage in persistence where you simply refuse to be deterred by the hurdles that one finds on any journey worth taking.

Increasing sophisticated and technological software is always the main goal; but simplicity and functionality are without a doubt very essential aspects of a software that must be kept in mind at all times during the developing process.

Technology is advancing unimaginably in today’s world. Each day new technology comes to live and brings the world better products. The drilling industry faces similar expectations and its growth isn’t just demanding but also fundamental for survival. With this in mind, we feel that our drilling software aims to achieve those goals fully. With the help of PVI software, companies worldwide can benefit not only by saving time, but also by saving money while making their operations more efficient and effective.

As an example of how ingenuity requires persistence let’s talk about HYDPRO, our drilling hydraulics model.

HYDPRO - Drilling-Hydraulics | Pegasus Vertex, Inc. - Drilling Software

When drilling a vertical or an extended-reach well, if the equivalent circulating density (ECD) is either too low or too high, it can cause serious problems or compromise the project. For this reason a successful drilling operation largely relies on achieving the optimal ECD, and an optimized drilling hydraulics software can allow engineers to plan ahead, improve drilling efficiencies and reduce the risks. HYDPRO is a well-developed model, but when it comes to its user-friendly design as well as the interfaces, users will find it very simple and operate it effectively. It provides 3D visualization for planning, as well as summaries and analysis results that can be generated in Word, Excel, and PowerPoint formats in no time.

HYDPRO covers all aspects of hydraulics, for instance:

  • Downhole circulating pressures
  • Surge and swab
  • Equivalent circulation densities (ECD)
  • Bit optimization
  • Hole cleaning
  • Cuttings concentration
  • Volumetric displacements

Thanks to a software like HYPDRO, the downhole drilling conditions can be cautiously examined and any potential problems can be identified prior to the job execution.

Today, our computer modeling is getting more advanced and the results are clearly worthwhile, because in the end is all about focusing on ingenuity and focusing on persistence.

 

The Art of Giving

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This week we are going in a different direction toward our blog and we are taking this opportunity to talk about the art of giving. The art of giving is simply defined as giving from the heart without any expectation of something in return.

True giving and happiness are deeply connected and they both come from a place deep within our souls. A gift, no matter how small or large, is something that is enjoyed twice. First by the giver and then also enjoyed by the person who receives the gift.

The act of giving doesn’t have to be limited to holidays or special occasions. You can treat every person you meet as someone who you can give something special to. Let’s not think also that a gift is always something we purchase with our money. A very special form of giving can be personal acts of kindness. More so than we think, it’s not money or material things that people need, it's the things that can't be seen, like a good advice, a kind word, an appreciation, the sharing of some special knowledge, a compliment, a helping hand, some support during a difficult time or even a smile.

We all have something to give. We all have something of value for another person. With most things in this world, there is only a limited amount of what you can give away. Thankfully, generosity and kindness are not associated with these same material limitations and this makes the art of giving something wonderful.

One of life’s most basic laws is "every single act of love, kindness and generosity will multiply and return to you many times over". When you give without any desire of getting something back, your returns will be limitless. To give something from the heart is an action which will fill your life with joy.

The intention behind your giving is the most essential thing. The intention should always be to create happiness for both the giver and the receiver and when the intentions are the right ones it creates a pattern of happiness, joy, trust and love in your life beyond what you could ever expect.

Lao Tsu wrote a long time ago that "Kindness in words creates confidence. Kindness in thinking creates profoundness. Kindness in Giving Creates Love.” and that my friends is the art of giving.

Writers Blog, Readers Digest

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“Though the sky is greyed with storm clouds deciding on if they should release their cargo on us or not, the sun is shining in my soul. Knowing that many times my words have been read makes the effort of creating something new every day all the more worthwhile.”
- John Thibeau (Canadian Writer)

Observing and reading are two of the most efficient ways of learning; they help us make sound and wise decisions when the situation calls for it.

As a writer, I have come to learn that the best way to express something and yet have an effect on the reader is by writing in a simple yet effective way where the foundation of the ideas, logic and purposes is well built. Even though we as writers express our own feelings with our writing, we do keep in mind what the readers want to read about and what interests them.

Writers write about what they observe in life, and that can lead them to have the desire to share all that information in just one article, but can the readers really benefit from all that vast information? Our intentions are the best, but the results are long articles that don’t have the effect intended. The readers will benefit more from articles that focus on a certain matter in which they can absorb the information and obtain good results from it.

In a similar way, we as software developers want our users to benefit from our software rather than getting lost in its complexity, trying to figure out how to use it. In our software development we focus on making the software easy to use, yet practical and professional.

Just like there’s a connection between writers and readers, there’s a big connection between developers and users. When ideas come to create or update a software, we think of ways to give our customers a simplified software, but at the same time a well advanced one, something they can really benefit from, sophisticated yet simple.

PVI Drilling Software - Sophisticated Yet Simple

Just like writers blog and readers digest, developers create and users benefit. At the beginning of the article we quoted from John Thibeau, who expressed how knowing that people were reading his articles was such an inspiration for him to write better articles, at PVI, we apply those words but with a minor change:

Knowing that many times our software is being used makes the effort of creating something new every day all the more worthwhile.

The Vision of Innovation

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“Innovation is not the result of chance; it’s the result of action. It’s not a thing to wait for; it’s a thing to do.”
- Phil McKinney (Award winning author)

Innovation is defined as the act or process of introducing an idea, method or invention that creates value for its inventor as well as for the people that will benefit from its usage.

To be called an innovation, the idea must be reproduced at a competitive price cost and must satisfy a specific need. Innovation involves vision, application of knowledge; it includes all processes by which new ideas are generated and turned into useful products. In business, innovation results when the ideas are applied by a company in order to meet the needs and expectations of the clients.

In a social context the process of innovating is called:

The vision of innovation.

The vision of innovation is divided into two broad categories:

1. Evolutionary - Innovations that are constant and dynamically brought about by many incremental advances in technology or processes.

2. Revolutionary - Innovations that are sporadic and are often disruptive and new.

The vision of Innovation is synonymous with risk-taking; companies that create revolutionary products or technologies take on the greatest risk because they create new markets and they strive to be creative. So, what are we trying to say here? The companies that come up with breakthrough products and services are game-changers in their sectors or those that create new sectors relentlessly strive to follow a unique strategy. These companies are called “Visionary companies”, because they focus on achieving unique strategic aims, rather than innovation for innovation’s sake. This initiative results in breakthrough innovation.

As a drilling software company, we have a focused innovation initiative that is aligned with strategy. This is done through brainstorming, in compliance with the latest drilling technologies that generate ideas to come up with specific strategic methods, products and services. We use the vision of innovation as a tool that enables us to achieve our goals and that of our customers.

Innovative | Drilling Software - Pegasus Vertex, Inc.

One Hundred Percent

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"I'll take fifty percent efficiency to get one hundred percent loyalty."
- Samuel Goldwyn (American Producer)

It’s well known that time and cost overruns are very common in the oil and gas industry. As a matter of fact, most projects deal with one or both problems, yet there is an alternative: the industry could reduce costs and accelerate projects by implementing advanced models that bring good benefits and are very efficient.

Being efficient means achieving maximum productivity with minimum wasted efforts and/or expenses.

For a company to have an effective way in its productivity there has to be a change that influences its efficiency; a change that identifies the difference between doing the right thing and doing things right.

In the beginning process of developing a software here at PVI, we put into consideration what is effective for our clients but more so, what is efficient. We think of what can be done to make our clients' workload lighter yet progressive. With our software, casing wear can be predicted, centralizer placement can be optimized, torque and drag can be calculated, mud reporting can be simpler, and many other things can be performed. One of our priorities is to produce a software that gives our clients their desired or intended result.

A software that’s efficient is a software capable of doing processes that save time, money and efforts. That's a good characteristic to have in a software, because it helps the companies that use it to be effective at getting results.

Efficient | Drilling Software - PegasusVertex, Inc.

Instead of just striving to design an effective software, we strive to design a software that is efficient at being effective. Similar to what Samuel Goldwyn stated, instead of taking 50% of efficiency, we intend to take 100% efficiency to get 100% of loyalty from our satisfied customers.