UK-based Premier Oil has selected Ipres’ reserves management and reporting package ‘IPResource’ for use across its worldwide operations. Unveiled in 2004 (OITJ Vol. 9 N° 7), IPResource is a reserves database for company reporting including annual reports, SEC and key performance indicators.
IPResource, which was developed atop of Business Objects, stores current and historical data on production, reserves, contingent reserves and prospective resources. A customizable reporting system is included that can integrate existing company databases.
Ipres MD Arvid Elvsborg said, ‘This contract demonstrates that user-friendly software can support complex, information-intensive decision making. By partnering with Ipres, Premier shows that small, specialized companies can be in the forefront in their own niches.’
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