Land and Concessions enables companies to store and manage all types of agreements, monitor agreement provisions, meet obligations, and generate the documents and reports required to support this demanding and complex business. By using Land and Concessions, companies can maintain a single stream of ownership from land through accounting, and attain unparalleled integration and optimal efficiency of its upstream business operations.
Joint Venture Accounting manages cost transactions and automates joint interest billings for worldwide exploration and production companies. With JVA, you can easily track, calculate and allocate direct and indirect costs, create and manage cash advances, generate invoices and analyze your operating costs. By integrating and automating these functions with JVA, you can substantially reduce your cost of operations through improved information processing and analysis, and enhance productivity throughout your entire organization.
Authorization for Expenditure is a flexible project cost tracking application specifically designed to support global petroleum operations. AFE enables companies to manage all cost aspects of a project from generating the request and approval for finds, to tracking of progress and expenditures, creation of amendments and supplements and closing of the AFE. By using AFE to proactively monitor projects, companies can reduce overhead costs and risks inherent to managing complex projects, and maximize cost recovery from partners.
Partner Balancing is an integrated, comprehensive system that streamlines oil and gas volumetric partner accounting. With Partner Balancing, companies can process and allocate volumes, perform partner balancing, and generate reports for producer imbalances. By using Partner Balancing to streamline these functions, companies can improve their operational efficiency and reporting.
Revenue Settlement is the industry's most integrated revenue system designed to support global exploration and production operations. Revenue Settlement is an agreements-based application that manages the financial transactions for operated and non-operated properties, and all hydrocarbon products. Revenue Settlement simplifies and automates calculations, distribution, suspense management, payment processing, revenue netting and regulatory reporting. By using Revenue Settlement to integrate and streamline these functions, companies can reduce their cost of operations and further optimize their return on assets.