West Energy rolls-out esi.manage spend management system

3esi toolset supports planning, budgeting and spend tracking and analysis for E&P company.

West Energy Ltd. Has chosen 3esi’s ‘esi.manage’ package to support its planning, budgeting and spend tracking processes. Graeme Bloy, VP Exploration, said, ‘esi.manage improves visibility of our budget data. All the information is collected in one place and everyone sees what is happening, not only for our wedge production and capital but also for our base production wells. esi.manage has also improved communications between our different departments and executive management.’

esi.manage improves planning, tracking and forecasting of capex, production, opex and reserve additions. Key performance indicators such as finding and development costs, exit rate and lifting costs can be followed in real time.

The latest esi.manage release adds enhanced capital management workflows such as multiple AFE’s per asset/expenditure and web services integration with third party AFE systems. Other additions include XML export to business intelligence and data warehouse systems.

Other esi.manage clients include Bronco Energy and Delphi Energy Corp. For 3esi’s sister product ‘rapt’ (risk analysis and performance tracking) 3esi counts Repsol-YPF, Marathon Oil, E.ON and Tecpetrol amongst its licensees. Rapt was developed in conjunction with Rose & Associates.

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