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esi.manage™ and AFENexus™ Integrated to Streamline Capital Management Processes in the Oil & Gas Industry

Calgary, Alberta – August 11th, 2010

3esi and Pandell Technology Corporation are proud to announce that they have partnered to deliver the integration of esi.manage™ and AFENexus™. This integration was steered by mutual Canadian Oil and Gas customers to streamline the Capital Management processes of planning, tracking, and lookbacks.

Keeping capital spend under the board approved budget is a challenging task for many organizations. Establishing a solid connectivity between a budget item, all of it’s AFEs and the current forecast of capital required for the work is diffi cult. The potential consequences of being ‘surprised’ by capital spend drives organizations to dedicate many long hours of process and reconciliation work to make the worlds meet.

The integration of esi.manage™ with AFENexus™ will allow customers to:

  • request the creation of AFE’s directly from an esi.manage™ approved budget
  • automatically pass the required project and capital expenditure data to AFENexus™
  • automatically link the AFE number created in AFENexus™ to the esi.manage™ project expenditure
  • test the AFE amount against the budgeted amount before it is raised

As a result, Oil & Gas organizations that implement this combined solution can easily:

  • control their capital spend against board approved budgets
  • provide transparency into the capital spend with a real time view of capital commitments
  • improve administrative efficiency, reducing errors, data validation and data re-entry

“3esi believes that Oil & Gas companies gain large increases in the efficiency of their work
processes by integrating key applications. esi.manage™ was designed with this in mind
and includes the latest integration technology to facilitate real-time sharing of data between key applications. Integration with AFENexus™ is just one example of this integration capability,” said Wayne Sim, CEO of 3esi.

About 3esi

3esi is an international E&P software and services company committed to serving the Oil and Gas industry by creating Integrated Business Planning and Capital Management Software Solutions. For more information, please visit www.3esi.com.

About Pandell

Pandell Technology Corporation is a software solutions company that delivers industry specialized software products and business services. For Oil and Gas companies, Pandell offers its NexusSuite™ of Oil & Gas software products and its NexusWorkforce™, Oil & Gas accounting services. For more information, please visit www.pandell.com.

Contact

Eileen Puczko
epuczko@3esi.com
+1.403.270.3270

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