IPRESOURCE - Resource and Reserves Management and Reporting

Quality information on current and prospective oil and gas reserves and resources is an important premise for the growth and success of an oil and gas company. Classified reserves and resource estimates and forecasts are keys in managing internal business processes such as allocation of investments. Financial reporting is another key issue, as the investment community needs up-to-date, adequate and reliable information. Last, oil and gas companies are required to report to international bodies and governments in accordance to rules such as those governed by the United States Securities and Exchange Commission (SEC).

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IPRESOURCE is specifically designed to meet the reserves and resource management and reporting needs required by oil and gas companies in today's business environment. IPRESOURCE is built around a relational database enabling users to store and retrieve current as well as historical data on production, reserves, contingent reserves and prospective resources. Our reporting system is an integrated part of our relational database application, but can also be customised to fit with existing databases such as the Schlumberger Volts system.

DB application
Provided below is a selection of features and options in IPRESOURCE. The database application (based on Microsoft SQL Server) can easily be customised to suit specific needs.

Main features

  • Multiple reporting intervals, e.g. annual
  • Proved, Probable, Possible reserves
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  • Change-volumes since last interval & categorization
  • Production forecasts
  • Yearly production
  • Total production
  • Reference data (license data etc.)
  • ... and much more

Options

  • Total fuel consumption
  • Interfield transfer of volumes
  • Overlift volumes
  • ... and other opitons as specified by customer

Reporting system
Provided below is a selection of features and options in IPRESOURCE. The reporting system (developed using Business Objects) can easily be customised to suit specific needs.

Main features

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  • Remaining recoverables before license expiry
  • Changes in remaining recoverables since last year
  • Remaining recoverables per license and resource class
  • Production forecasts
  • Reservoir volumes & attributes
  • Explanation of variation

Options

  • Predefined reports:
  • Governmental and international bodies
  • Auditing purposes
  • Key Performance Indicators (KPI)
  • ...and much more

Help system

  • Full web-based help system
  • Contents, search and index
  • Definitions of all parametres and equations
  • Case studies

System requirements and installation

  • Microsoft SQL Server 2005
  • BusinessObjects XI Release 2
  • Windows XP / SP2 or later
  • FLEXnet / FLEXLm license handler (counted or un-counted) or stand-alone installations