Reserves are an oil and gas company’s primary capital asset, so tracking, managing and reporting them accurately is crucial to your successful operation. Considering both reserves and resources, you want to understand their present value, forecast future value, and gather information to meet regulatory reporting.
Traditional desktop solutions can lead to challenges in managing this information. Often there are multiple local databases maintained by the various asset teams, and the people who need the information find it hard to access them. The Reserves Reporting App is designed to facilitate the sharing of reserves information and development plans with the broader organisation, and support the monitoring of production performance against plan.