CALGARY, February 16, 2015 – 3esi-Enersight Corporation, a leading provider of integrated petroleum planning software, is entering a challenging year for the industry from a position of strength after a year of growth in 2014. Last year, the company grew revenues by more than 50 per cent for the third consecutive year.
“Even before the oil price drop, the energy industry had an increasingly acute focus on efficiency,” said Neil Buckley, President 3esi-Enersight Corporation. “That focus has only intensified in 2015. Now beyond latest estimates, profitable decisions for this year hinge on having visibility into your operations and development plans, along with financial insight on strategic decisions when deploying capital. That’s 3esi-Enersight’s focus.”
The company launched the industry’s first cloud-based petroleum planning system in 2005, three years before the oil and gas downturn in 2008. Lessons from that period suggest that usage of 3esi-Enersight will be extremely high in 2015 as oil and gas companies seek to make capital-efficient decisions by running the economics of alternate development scenarios – and rerunning those scenarios.
Major E&P companies including Shell, BP and Conoco use 3esi-Enersight software. In 2014, Chevron signed on with 3esi-Enersight, and the implementation is another joint project with Accenture, a valued partner of 3esi-Enersight. CONSOL, Cimarex and Sinopec also joined as new clients last year.
Looking ahead, 3esi-Enersight is focused on supporting the capital efficient decisions of a growing global client base, helping each client adapt to oil price impact and seize opportunities in 2015.
About 3esi-Enersight Corporation
Founded in 2003, 3esi-Enersight is a cloud-based petroleum planning system that helps oil and gas companies make decisions to achieve the most efficient and cost-effective operations. 3esi-Enersight is a unified platform that integrates field development modelling, operations activity and scheduling, and economic forecasting and budgeting. From offices in the United States, Canada, and Australia, the company serves global oil and gas producers with complex unconventional and large-scale conventional projects. For more information, please visit http://3esi-enersight.com/.
For further information: Brittany Bluestein, Marketing Communications, 3esi-Enersight USA, (713) 489-5600.