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AFE Manager Oil & Gas Edition

AFE Manager provides capital project controls for oil and gas regulators to manage development costs for state-owned assets, developed and operated by domestic or foreign companies.
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Detailed creation, by line-item, of budgets either by using built-in templates or customized to the user’s GL accounting system. Resource Energy Solutions’ AFE (Authorization for Expenditure) Manager and capital tracking software allows for increased efficiency, control, and accountability. AFE Manager provides robust internal controls over capital spending. Our oil and gas AFE software uses the Public Petroleum Data Model with N-Tier open architecture and is built on the Wellman.NET framework.

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AFE Manager Regulator Edition

Detailed creation, by line-item, of budgets either by using built-in templates or customized to the user’s GL accounting system. Resource Energy Solutions’ AFE (Authorization for Expenditure) Manager and capital tracking software allows for increased efficiency, control, and accountability. AFE Manager provides robust internal controls over capital spending. Our oil and gas AFE software uses the Public Petroleum Data Model with N-Tier open architecture and is built on the Wellman.NET framework.

Benefits

All domestic and foreign companies can automatically report project budgets to the regulator for review and approval through this oil and gas reporting software.

Comply with requirements for cost recovery for profit and production sharing.

Tracking and managing both domestic and foreign company’s capital investment.

Report actual costs to the regulator periodically as project works progresses through this oil and gas ERP software.

Identify and manage project cost overruns, within the rules set forth by the regulator, in conjunction with participating companies.

Ensure a fair and open process where all companies final costs are accounted for and the state’s share is clear.

Account for physical assets used by companies for which title may ultimately pass to the state.

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AFE Regulator Edition

Case Study – English

 

Indonesian Oil & Gas Regulator Manages Capital Budgeting and Cost Recovery

How the Indonesian Oil & Gas Regulator manages capital budgeting and cost recovery related to production sharing compensation.

 

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