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Q5 Systems Limited - 2005

Q5 Systems Limited - 2005. “Pay me now or pay me later!”. Reducing field data capture, reporting, trend analysis and corrective action by up to 70%. Some oil and gas perspective Alberta EUB Requirements.

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Q5 Systems Limited - 2005

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  1. Q5 Systems Limited - 2005

  2. “Pay me now or pay me later!” • Reducing field data capture, reporting, trend analysis and corrective action by up to 70%

  3. Some oil and gas perspective Alberta EUB Requirements • AEUB Mission - To ensure that the discovery, development, and delivery of Alberta's energy resources and utilities services take place in a manner that is fair, responsible, and in the public interest. • Vision - The EUB will continue to build a regulatory framework that inspires public confidence. • EUB Business Plan 2005-2008 –”Focus inspections and assessments on high risk energy operations” So what’s industry’s response?

  4. Q5AIMS Software Design Complete Audit Implement your audits. Use on desktop PC, or port to mobile devices on laptop or PDA. Administration User set-up, security access, reporting roll-up, system tables and business rules. Audit Findings Audit Design Build checklists, define regulatory references, integrate supporting documents, pre-program desired responses, add recommended actions, assign performance scoring. Corrective Actions (CA) Follow up your audit findings. Create action items. Assign responsibility and accountability. Closure Link Audits to Findings and CAs. Review status, approve and close out. Detail Reports Detail presentation, graphs and executive summary. Faster. Easier. Better. Management Reports Summary and Trend multiple audits. Drill down to problem areas. View non-compliance areas. Corrective ActionReports View CAs by importance, progress, assignee, CA type.

  5. Q5AIMS “real time” Web Version If you require an on-site installed system integrated with your own technology, Q5AIMS Web installed is your solution…. Remote Access – Wireless Ready Web Browser • Web Interface - 24/7 Anywhere global access • Advanced Role Based Security for your company locations • Mobile Data Capture for Laptop, Pocket PC and Tablet • Can support multiple internal customers Shared Database …or out-source infrastructure and support with a Q5AIMS Web Hosted Solution

  6. Why Choose Q5 AIMS oil and gase-auditsolutions? • Q5 AIMS is compatible with all your internal and third-party audits & inspections • Can be user-customized for 100% compatibility with regulatory standards as well (ie: EUB, COR, Partnerships audits, ISO etc) • CAR module ensures your corrective actions get ACTION • Eliminate paper and administrative burden of conventional paper-based checklists • Ensure quick, accurate reports. • Eliminates data entry errors

  7. Operating in Today’s Regulatory Environment

  8. Complexity of Regulatory Requirements Today’s Oil & Gas Industry operates within: • Multitude of government levels • Abundance of acts, regulations, guides, letters • Diverse regulatory requirements • Health & Safety • Environment • Operating • Engineering

  9. Industry’s Challenges The Oil and Gas Industry faces many regulatory challenges: • Extremely regulated with high expectations from both public/government • Mandated inspections • Lack of understanding of regulatory requirements • Reduced resources available to meet business and regulatory needs • Inadequate documentation supporting regulatory compliance

  10. Understanding Today’s Regulatory Environment • Industry’s success is no longer measured by the volumes it produces, but also by its’ ability to operate within regulations. • Industry’s “operations” bear the brunt of the regulatory requirements and challenges • Industry must identify and utilize tools to ensure compliance and understanding of these requirements

  11. Q5, Industry, and Regulatory Requirements • Q5 AIMS is a tool that will aid Industry through: • Building on regulatory knowledge and expectations • Identification and action on Non-Compliance issues proactively • Ability to document regulatory compliance • Reduction in frequency and severity of Non-Compliance

  12. Q5, Industry, and Regulatory Requirements (Cont’d) • Q5 AIMS allows: • Development of audit/inspection templates based on “ANY”: • Regulatory requirement • Process/procedures • Checklist • Ability to assign responsibility and follow-up on non-compliance issues • Ability to document compliance

  13. Summary • Legislation and regulatory requirements will continue to grow in both volume and complexity. • Industry must understand that we are legislated to produce oil & gas while meeting all regulatory requirements. • Allowing government to identify compliance issues is reactive – we must recognize this and apply those tools and resources that will allow a proactive approach to regulatory requirements.

  14. Summary (Cont’d) • Q5 is a tool that will allow a company to demonstrate compliance to regulatory requirements • Q5 is adaptable to changes both in regulations and operating conditions • Q5 operating platforms and systems utilize today’s technology • Q5 allows industry to be proactive in today’s regulatory environment

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