Asset Visibility and Profitability

snowpeaschocolateManagement

Nov 18, 2013 (3 years and 9 months ago)

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Asset Visibility and Profitability

12 November 2008



Improving reservoir management through improved data accuracy


Optimizing well uptime


Managing joint venture operations


Optimizing
hydrocarbon accounting workflows

Objectives

FINANCIALS

LAND

ASSET MANAGEMENT

REVENUE

BASE:

Agreements

Parties

Report

Centers

Ownership

Codes

GIS

Enterprise

Land

AFE

JVA

Production

Sharing

Contracts

Asset

Profitability

Statement

PRODUCTION

Sampling &

Analysis

Field

Operations

APM

Terminal

Management

First

Purchaser

Production

Management

Planning &

Forecasting

Allocation

Process

Modeling


Assets

Inventory

Well

Info

Partner

Balancing

Revenue
Acctg

Regulatory

Reporting

GL

AP

AR

HR

Procurement

ICM

UPK

O&G

Hierarchies

Dual


Acctg

EDV

Transactional Reporting Management Reporting Variance Reporting DBI Portal Production Reporting Operational

In
telligence

Projects

BUSINESS INTELLIGENCE, ANAYLITICS AND REPORTING

Fully Integrated Solution for Optimized Oil & Gas Workflows

ERP

ERP

Integrated Joint Venture Accounting

Efficient Distribution Processing & Invoicing

Seamless
Integration w/ Financials

Integrated

Processes

(Source Data)

Multi


Level

Cost

Allocations

Data Consistency and Accuracy

Effective Dating

APIs

Process

Workflows

Data Management

JVA

Agreements

Overhead

Cash

Calls


Processing Efficiency Across Multiple Disciplines


Operational

Insight

LOS

DBI

Financial

Results

SBVs

KPIs

JVA

DataMartA
dHoc

Reporting

Financial


Integration

Mid
-
Month

Distributions

PO

INV

AP

GL

JVA & Financials Integration

Automatic

Issuance

of PO

JIB Accounting Info

Automatically

Available
in GL

GL

PO

Electronically

Sent to

Supplier

Asset
Automatically

Available in Fixed Assets

FA

JVA/AFE

AP

Billable Transactions

are transferred to

JIB for Distributions

Asset
reduced by Joint
Interest Ownership

Joint Interest
Distributions
transferred to GL

Requisition

Entry

Goods Received

in Inventory &

Accrued

INV

Invoice

Automatically

Generated

& Sent to AR

Automatic

Generation

of Invoice

AR

Receipts Matched to PO

PROJECTS

Cutback Entries

Reclassification

Material

Transfers

Joint Venture Accounting:


Agreement Driven


Overhead


Allocations


Payouts


Cash Calls


Utilization


JIB Invoices and Statements


Re
-
bill


Workflow enabled


Integrated with AP, Projects, AR, GL, FA


APIs for Third Party
Applications


Data

Collection

Imported

Manual Input

Sales

Allocations

Data Consistency

Effective Dating

APIs

Integrated

Workflows

Data Management

Cash

Management

Online

Sourcing

Agreement


Based

Processing Efficiency Across Multiple Disciplines

Operational

Insight

Regulatory

Compliance

Financial

Results

SBVs

KPIs

AdHoc

Reporting

Integrated Revenue Processing

Efficient and Precise Distribution Processing and Reporting

Integrated Data

Financial


Integration

Funds

Distribution

Revenue Accounting:


Agreement Based


Process Driven


API Facilitated


Seamless Integration


Sales Allocations


Well Balancing


Accruals


Cash Matching


OIL & GAS HIERARCHY


Asset Profitability Statement

(APS)

Benefits


Flexible report layout definition customizable by each client


Multiple Layouts for LOS and OPR reports


Flexible grouping, cross referencing, and roll up of financial
accounts


Flexible roll up providing options for using multiple Report
Center (RC) Hierarchies


Summary or Detail Reports at any RC hierarchy level within
a chosen hierarchy


Trend capabilities (Activity versus GL dates; Operated, Non
-
Operated or Both)


Historical reporting


Fast response times





PROCESS WORKFLOWS