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
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
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
A comprehensive audit trail for each entry into the system aids in the compliance requirements under Sarbanes-Oxley for Canada and the United States
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.
AFE capital tracking
Increased efficiency and accountability
Streamlined workflows
Aids in corporate governance
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
Comprehensive reporting
Easily find and overcome bottlenecks
Manage both operations and financials
Manage costs to save time and money
Avoid errors and miscalculations
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.