asset visibility and profitability 12 november 2008
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Asset Visibility and Profitability
12 November 2008
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•Improving reservoir management through improved data accuracy
•Optimizing well uptime
•Managing joint venture operations
•Optimizing hydrocarbon accounting workflows
Objectives
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FINANCIALSLAND ASSET MANAGEMENT
REVENUE
BASE: Agreements Parties Report Centers Ownership Codes
GISEnterpriseLand
AFEJVA
ProductionSharingContracts
AssetProfitabilityStatement
PRODUCTIONSampling & Analysis
Field Operations
APM
TerminalManagement
FirstPurchaser
ProductionManagement
Planning &Forecasting
AllocationProcessModeling
Assets Inventory
WellInfo
PartnerBalancing
Revenue Acctg
RegulatoryReporting
GL AP
ARHR
Procurement
ICM
UPK
O&GHierarchies
Dual Acctg
EDV
Transactional Reporting Management Reporting Variance Reporting DBI Portal Production Reporting Operational Intelligence
Projects
BUSINESS INTELLIGENCE, ANAYLITICS AND REPORTING
Fully Integrated Solution for Optimized Oil & Gas Workflows
ERPERP
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Integrated Joint Venture AccountingEfficient Distribution Processing & Invoicing Seamless Integration w/ Financials
IntegratedProcesses(Source Data)
Multi – LevelCostAllocations
Multi – LevelCostAllocations
Data Consistency and AccuracyData Consistency and Accuracy
Effective DatingEffective Dating
APIsAPIs
ProcessWorkflowsProcessWorkflows
Data ManagementData Management
JVAAgreementsJVAAgreements
OverheadOverhead
CashCallsCashCalls
Processing Efficiency Across Multiple Disciplines Processing Efficiency Across Multiple Disciplines
OperationalInsight
LOS
DBI
FinancialResults
SBVs
KPIs
JVADataMartAdHocReporting
Financial IntegrationFinancial Integration
Mid-MonthDistributionsMid-MonthDistributions
PO
INV
AP
GL
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JVA & Financials Integration
AutomaticIssuance of PO
JIB Accounting InfoAutomatically Available in GL
GL
POElectronicallySent toSupplier
Asset AutomaticallyAvailable 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
RequisitionEntry
Goods Receivedin Inventory & Accrued
INV
InvoiceAutomaticallyGenerated & Sent to AR
AutomaticGenerationof Invoice
AR
Receipts Matched to PO
PROJECTS
Cutback EntriesReclassification
MaterialTransfers
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Joint Venture Accounting: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
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DataCollection
Imported
Manual Input
SalesAllocationsSalesAllocations
Data ConsistencyData Consistency
Effective DatingEffective Dating
APIsAPIs IntegratedWorkflowsIntegratedWorkflows
Data ManagementData Management
CashManagementCashManagement
OnlineSourcingOnlineSourcing
Agreement BasedAgreement Based
Processing Efficiency Across Multiple Disciplines Processing Efficiency Across Multiple Disciplines
OperationalInsight
RegulatoryCompliance
FinancialResults
SBVs
KPIs
AdHocReporting
Integrated Revenue ProcessingEfficient and Precise Distribution Processing and Reporting
Integrated Data
Financial IntegrationFinancial IntegrationFunds
DistributionFundsDistribution
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Revenue Accounting:Revenue Accounting: Agreement Based Process Driven API Facilitated Seamless Integration Sales Allocations Well Balancing Accruals Cash Matching
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OIL & GAS HIERARCHY
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Asset Profitability Statement(APS)
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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
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PROCESS WORKFLOWS
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