Houston-based Wellogix, Inc. has released a new electronic Authorization for Expenditure (AFE) solution as a component of its Complex Services Management (CSM) suite. The new module enhances oil and gas operations by streamlining the AFE process, targeting AFE creation, routing and internal authorization. Joint ventures are supported, from the pre-AFE planning process through AFE compilation, routing to final approval.
Epley
Wellogix CEO, Ike Epley said, ‘Customers told us their current, paper-based AFE processes are mired in paper and difficult to manage. Current processes suffer from poor visibility as AFEs are routed through the company. Wells are even spudded prior to AFE approval—an obvious compliance issue for publicly traded companies and a challenge to a privately held operator.’
CSM Suite
The Wellogix CSM suite is an end-to-end solution that helps engineers to collaboratively plan and specify complex services with their service providers, to automatically create and reconcile AFE, field-tickets and invoices, and to enforce compliance with preferred service providers’ contracts.
© Oil IT Journal - all rights reserved.