Industry Solutions > Upstream Oil & Gas > Asset Management Data

Asset Management Data

Oil and gas producing assets include land interests, wells and other facilities through which well production flows. Asset Management starts with lease/contract management for land and relates them to the facilities and associated agreements that govern ownership and operations.

Corporate mergers and acquisitions add to the challenge of integrated asset management when:

• Acquired asset data may be stored in different formats and technologies
• Asset data originating on legacy systems may violate constraints on new systems with stricter data rules
• Old asset data may be orphaned because legacy systems often do not enforce referential integrity
• Historical asset data may be missing

Land Management

Land management involves the complex administration of mineral rights, surface leases and contracts, rentals, expiries and royalty obligations.

Land managers, administrators, geologists and accounting need to know that the information they rely on is consistent, accurate and repeatable to manage work flow processes and reporting requirements. Division of interest and royalty accounting for example, must be consistent with and tied to lease and contract administration requirements and reporting obligations.

Because land systems must integrate with a host of financial accounting and asset management systems, standardization and data integrity is a prerequisite to effective land management and reporting.

Contact us to find out how DataVera ™ tools address these problems.

Facilities Management

Complete and accurate facility data management is a critical activity for every effective Oil and Gas producer. Facilities management is generally governed by joint venture agreements. Facility information from land systems is generally used to link, access and reference lease information with facility agreements.

The challenge in managing facilities from the wellhead to the point of sale can be made more difficult if the data about the facilities or their operation is inaccurate or out of date. Accurate cross-referencing of facilities to surface leases and mineral rights is at the core of facilities management and joint venture reporting. Auditing and validation of the critical linkages between land and facilities is therefore what establishes the accuracy of joint venture management and reporting.

Contact us to find out how DataVera ™ tools address these problems.

What is your Data Telling You

Whether you are consolidating a collection of legacy systems onto a new enterprise land management or facilities system, or validating and cleansing the data from an existing land system, DataVera provides the capability to standardize and clean data, to find and match duplicate information, to merge data into target datasets, and to monitor ongoing clean up initiatives.

DataVera is a revolutionary data quality solution that, unlike traditional data quality methods, uses a continually growing library of reusable and automated data solutions to transform your land and facilities management data in less time and with higher quality.

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