NGT Reserves
NGT Reserves is multiuser software developed as a web-application for monitoring exploration operations and predicting production rates
- No need for software installation (web-interface)
- Access rights differentiation depending on position (job title) or department, option for delegating
- Complex licensing options
- Integration with corporate data sources
KEY FUNCTIONALITIES
Production Levels
- Forecasting production rates of oil, gas and condensate with optional calculation algorithms
- Planning well actions (scheduling various geological and technical operations)
- Storage of approved production plans
Reserves
- Planning changes in HC reserves / resources in connection with exploration program
- Tracking and monitoring actual changes of HC reserves / resources based on results of exploration operations / interim reserves assessment and actual HC production
Licenses
- Storage of complete information on licensing, including scanned copies of documents
- Control over fulfillment of licensing obligations
- GIS and mapping (license boundaries, fields, exploration areas, etc.)
Exploration Program
- Planning exploration programs with option for storing different versions
- Monitoring completed exploration operations in terms of scope of work, financial obligations and funding (planned vs. actual figures)
- Tying license risks to planned exploration operations and contracts
Contracts
- Input and storage of initial data, including scanned copies of documents
- Contract monitoring (technical performance and budget allocations)
- Compliance control with approved exploration programs
