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IPRESOURCE is specifically designed to meet the reserves and resource management, reporting and forecasting needs required by oil and gas companies. It has three main functionalities as listed below. The two first; Reserve, Resource Management Reporting and Project Monitoring is a relational database with a BO reporting system, while Production Forecasting is an analytical tool for advanced operational stochastic forecasting from wells up to corporate.

IPRESOURCE Corporate Annual Reserve, Resource and Monthly Production Reporting:

In compliance to SEC and SPE – PRMS
Volumes, CAPEX and OPEX
Reserves, resource and production forecast reporting;
Internal and external reporting to financial and governmental bodies
Quality control of data input and result

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Corporate Project Reserve and Resource Performance Reporting:

Short term, prognosis of end of year reserves
Monitoring of corporate project portfolio with reserve developments over field life time
Monitoring of non – financial KPIs and financial KPIs in combination with other systems

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Operational Forecasting Analysis (analytical simulation tool for operational planning):

Stochastic forecasting tool for business planning and input to reporting of reserves and resources wells, fields, business areas, countries, business regions up to full corporate portfolio
Short, medium and long term forecasts

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