AFE Manager

AFE Manager provides capital project controls for oil and gas regulators to manage

AFE Manager Oil & Gas 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. It provides robust internal controls over capital spending. AFE uses the Public Petroleum Data Model with N-Tier open architecture and is built on the Wellman.NET framework.

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Spending Control

Ability to handle multiple projects

Ability to integrate data and functionality into the company's accounting system

Compare budgeted to field-cost estimates to actual costs

Create Authorization for Expenditure effortlessly by using pre-designed templates

Adaptable to any company process

Create digital signatures

Security and Work Flow

User-security, add employee spending limits and a digital audit trail of approvals

Route electronically to reviewers and approvers

Change tracking / audit trail - compliance and database change monitoring

Import contracts and agreements from the land registry system

Manage non-operated AFEs

Manage document storage easily in the AFE database or link to documents from your network

Complete document management; all related documents can be stored in one place for quicker access from the office network

Compliance

A comprehensive audit trail for each entry into the system aids in the compliance requirements under Sarbanes-Oxley for Canada and the United States

Benefits

Improved overall control over operations

Improved decision making maintained through real-time daily reporting

Protection against unauthorized spending and mitigation of cost overruns with built-in security and preset user rights

Superior AFE reporting solutions – generate standard and customized reports including accruals, variance, summaries and more

Comprehensive reports for comparative analysis

Quickly identify spending variances and identify the source of bottlenecks

Get data into the hands of those who manage operations

Manage costs while saving time and money

AFE Manager Regulator Edition

AFE Manager Regulator’s Edition 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.

Spending Control

AFE capital tracking

Increased efficiency and accountability

Streamlined workflows

Aids in corporate governance

Security and Visibility

Role-based security and workflow

Visibility and control over capital spending

Quickly identify spending variances

Complete audit trail

Interface makes it easy to view and make use of relevant data

Reporting & Management

Comprehensive reporting

Easily find and overcome bottlenecks

Manage both operations and financials

Manage costs to save time and money

Avoid errors and miscalculations

Benefits

All domestic and foreign companies can automatically report project budgets to the regulator for review and approval.

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.

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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Case Study

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.

Download the Case Study

AFE Manager provides capital project controls for oil and gas regulators to manage

AFE Manager Oil & Gas Edition

Spending Control

Ability to handle multiple projects

Ability to integrate data and functionality into the company's accounting system

Compare budgeted to field-cost estimates to actual costs

Create Authorization for Expenditure effortlessly by using pre-designed templates

Adaptable to any company process

Create digital signatures

Security and Work Flow

User-security, add employee spending limits and a digital audit trail of approvals

Route electronically to reviewers and approvers

Change tracking / audit trail - compliance and database change monitoring

Import contracts and agreements from the land registry system

Manage non-operated AFEs

Manage document storage easily in the AFE database or link to documents from your network

Complete document management; all related documents can be stored in one place for quicker access from the office network

Compliance

AFE Manager Regulator Edition

Spending Control

AFE capital tracking

Increased efficiency and accountability

Streamlined workflows

Aids in corporate governance

Security and Visibility

Role-based security and workflow

Visibility and control over capital spending

Quickly identify spending variances

Complete audit trail

Interface makes it easy to view and make use of relevant data

Reporting & Management

Comprehensive reporting

Easily find and overcome bottlenecks

Manage both operations and financials

Manage costs to save time and money

Avoid errors and miscalculations

TORC

Wellman NextGen

Midstream Manager

Indonesian Oil & Gas Regulator Manages Capital Budgeting and Cost Recovery