Calgary, Alberta — November 15, 2005
3esi announced today that it has acquired Aralan Solutions Inc., a provider of capital and portfolio risk management solutions. Aralan owns and produces the E&P software products RAPT and PetroARA.
3esi’s goal is to deliver an enterprise solution to support E&P industry business processes, allowing the companies to:
- Continuously Evaluate the Portfolio of Opportunities
- Generate Current Capital/Production Forecasts
- Scale-up Operations while Managing F&D costs
“Aralan’s products are a strategic ﬁt with 3esi’s vision and goals and jointly we are able to deliver the industry a better solution”, Wayne Sim, 3esi’s CEO commented.
PetroARA, is designed to budget and track real-time capital and operating costs, reserves and production. Forecasts are compared to results via bridges to accounting, ﬁeld production and economic databases.
RAPT is a risk analysis portfolio application that compares pre and post reserves analyses.
“Our goals and values are consistent with 3esi’s and our product offering made us a perfect ﬁt for 3esi’s enterprise wide vision for the E&P industry.” said Terry Joubert, President of Aralan Solutions. Terry Joubert joins 3esi as Vice-President of Business Development.
Aralan’s products have helped Murphy Oil in our drive for execution excellence and we are excited to see 3esi and Aralan joining efforts to help us reach the next milestone in that journey”, said Cal Buchanan, Manager of Planning and I.S. at Murphy Oil.
3esi inc. is an international world-class enterprise solutions provider to the E&P industry with headquar- ters in Calgary, Alberta, Canada. For more information, please visit www.3esi.com
ContactEileen Puczko 3esi inc.