Reserves Tracking & Reserves Reporting Software
Achieve new levels of confidence in your reserves tracking and reporting processes. When reserves numbers are as heavily scrutinized as they are today, Merak VOLTS can provide a significant step toward a fully secure and auditable reserves tracking process. Merak VOLTS is implemented in more than 40 oil and gas companies across six continents.
Meeting reserves reporting challenges
- Track changes for improved transparency in reserves reporting and auditing
- Generate reports needed for year-end disclosures more efficiently
- Easily create EIA23, NI-51-101, and other regulatory reports
- Support your unconventional reserves reporting requirements
- Quickly view reporting options in the main dialog box
Consistent and reliable reserve tracking
- Generate day-to-day reports to monitor your reserves
- Create archives and snapshots to show reserve history and track performance against key indicators
- Enter original volume in place (OVIP), recovery factor (RF), recoverable volume in place (RVIP), and risked remaining volume in place (RRIP) as independent inputs.
Security and integrity
- Establish a multilevel approval process to ensure that changes to reserves data are approved and managed consistently
- Control data access to limit what users need to see and are allowed to change
Improved business process performance
- Give engineers and managers easy access to a common reserves reporting system
- Pull reserves data and forecasts from multiple sources within your organization
- Implement and update reserves reporting in line with your corporate structure
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