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