EnergyFlow’s Drilling and Daily Cost Tracker application allows you to manage operational expenditure effectively on a daily basis. The system provides complete budgetary control, making it possible to optimise resources by tracking daily spend on materials, labour, process and equipment helping to identify any cost overruns before they happen.
Actual cost data, budget, depths drilled and time spent is loaded directly into the system every day, with automated analysis and reporting available in real time. This puts an end to what are typically complicated and inadequate spreadsheet processes, saving time and increasing accuracy.
Web-based and easy to use, the system means rig-based users and office teams can work collaboratively, with synchronised information available to all.
As with all EnergyFlow applications, the software integrates seamlessly with existing accounting and ERP systems and Microsoft Office.
EnergyFlow records, analyses and reports costs and activity against AFE budgets. This provides detailed and reliable information about both operational performance and spend, helping you make decisions with confidence and delivering transparency to stakeholders.
The system tracks activity against each project phase or Work Breakdown Structure (WBS), providing vital predictive forecasting. From pre–mobilisation through to drilling, stem testing and rig decommissioning and close-out you can at any point analyse over / under spend, predict cost to complete, and adjust budget plans as needed.
Sophisticated yet simple to use analytical functions allow you to interpret and report on all data in real time. You can see both the big picture and the detail, and explore ‘what if’ scenarios. Clear reports, charts and graphs make it easy to spot trends and identify issues, so you can respond quickly to what the data reveals.
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