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Asset Visibility and Profitability

Asset Visibility and Profitability. 12 November 2008. Objectives. Improving reservoir management through improved data accuracy Optimizing well uptime Managing joint venture operations Optimizing hydrocarbon accounting workflows.

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Asset Visibility and Profitability

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  1. Asset Visibility and Profitability 12 November 2008

  2. Objectives • Improving reservoir management through improved data accuracy • Optimizing well uptime • Managing joint venture operations • Optimizing hydrocarbon accounting workflows

  3. Fully Integrated Solution for Optimized Oil & Gas Workflows BUSINESS INTELLIGENCE, ANAYLITICS AND REPORTING Transactional Reporting Management Reporting Variance Reporting DBI Portal Production Reporting Operational Intelligence PRODUCTION First Purchaser REVENUE Asset Profitability Statement Production Sharing Contracts Sampling & Analysis Revenue Acctg Partner Balancing Production Management Field Operations EDV Planning & Forecasting Terminal Management Dual Acctg Regulatory Reporting Allocation Process Modeling APM Agreements Report Centers Ownership Codes O&G Hierarchies Parties BASE: FINANCIALS LAND ERP ASSET MANAGEMENT ERP Enterprise Land Projects GIS AP GL UPK JVA Assets Inventory AFE HR ICM AR Well Info Procurement

  4. Integrated Joint Venture AccountingEfficient Distribution Processing & Invoicing Seamless Integration w/ Financials Integrated Processes (Source Data) Data Management Operational Insight Cash Calls JVA Agreements DBI Overhead JVA DataMartAdHoc Reporting PO Processing Efficiency Across Multiple Disciplines KPIs Process Workflows Multi – Level Cost Allocations Mid-Month Distributions INV LOS Effective Dating AP SBVs APIs Financial Integration Financial Results Data Consistency and Accuracy GL

  5. AR JVA & Financials Integration Goods Received in Inventory & Accrued Requisition Entry Material Transfers Billable Transactions are transferred to JIB for Distributions InvoiceAutomatically Generated & Sent to AR Automatic Issuance of PO INV PROJECTS Automatic Generation of Invoice JVA/AFE Joint Interest Distributions transferred to GL GL Cutback Entries Reclassification JIB Accounting Info Automatically Available in GL POElectronically Sent toSupplier Asset reduced by Joint Interest Ownership AP Asset Automatically Available in Fixed Assets FA Receipts Matched to PO

  6. 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

  7. Integrated Data Integrated Revenue ProcessingEfficient and Precise Distribution Processing and Reporting Data Management DataCollection Operational Insight Agreement Based Cash Management OnlineSourcing KPIs Processing Efficiency Across Multiple Disciplines AdHoc Reporting Financial Integration Sales Allocations Funds Distribution Regulatory Compliance Imported SBVs Effective Dating Integrated Workflows APIs Financial Results Manual Input Data Consistency

  8. Revenue Accounting: • Agreement Based • Process Driven • API Facilitated • Seamless Integration • Sales Allocations • Well Balancing • Accruals • Cash Matching

  9. Oil & Gas Hierarchy

  10. Asset Profitability Statement(APS)

  11. 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

  12. PROCESS WORKFLOWS

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