Dynamic oil & gas business planning
The Merak Enterprise Planning (MEP) platform provides a comprehensive planning environment. It enables oil and gas organizations to shift from static and lengthy annual planning, to more dynamic, event-driven or evergreen planning—a living business plan.
MEP helps address the many challenges of the planning process by
- enabling the efficient collation and quality control of all the different data required in the planning process in an open, accessible, and relational format, all stored within a central data warehouse
- incorporating standardized assumptions to ensure consistency across the entire planning process
- providing enhanced what-if scenario planning on key variables such as price, production, discount rates, operating expenditures, and capital expenditures
- delivering results to end users in the right context and on demand, using a unique oil and gas specific OLAP (online analytical processing) cube.
Benefits
The MEP platform brings a number of benefits, allowing you to
- react quickly to changes, enabling you to make timely and better-informed decisions
- increase data consistency and streamline administration, resulting in more time for analysis and problem solving
- compare forecasts with actuals to both measure and track performance
- aggregate data from a variety of sources, providing a complete, integrated, and up-to-date view
- drill down to the level of detail required to identify trends and outliers
- securely leverage valuable planning information across the enterprise.
MEP delivers robust planning by aligning economics, reserves, production, financials, and general asset-planning information in a common platform.
Synchronize multiple data sources
Users can load data from multiple disparate data sources, including industry-leading applications such as
- Merak Peep economic evaluation and decline analysis software
- OilField Manager (OFM) well and reservoir analysis software
- Avocet production software.
Data from common third-party systems and tools (such as Microsoft® Excel®) can also be loaded into the MEP data warehouse.
Customize data flows
The MEP platform provides a flexible environment that can easily be configured to transform and route data to model specific data flows.
Schedule standardized enterprise-scale calculations
The platform also allows you to automatically synchronize and calculate your Merak Peep projects from multiple business units into a central repository.
Store multiple versions of data
The MEP data warehouse serves as a repository for storing synchronized planning data and forecasts versus actualized data, as well as results from multiple planning scenarios.
Visualize data using the cube
Robust business intelligence capabilities provide meaningful insights into your data, allowing you to create and track KPIs through business intelligence tools, reports, and dashboards.
Secure workflow environment
Data is accessed through a secure portal. Only users with appropriate access permissions are able to visualize data.
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