Paris, France headquartered GDF Suez is to roll out a reserves management solution from P2 Energy Solutions of Houston to its international upstream operations. The P2 reserves management system (RMS) consolidates reserves volumes, classification, status and volume changes to volumes into a single database and will provide ‘transaction transparency’ to GDF Suez’ reserves reporting.
Matthieu Plantevin, Reserves Manager at GDF SUEZ E&P International said, ‘Consolidating reserves data to a single repository is a high priority for us and will significantly reduce administrative and resource pressures by eliminating errors and duplication of effort. The system will also support regional regulatory compliance and facilitate the yearly dialogue with our independent reserves evaluator.’
GDF SUEZ’s wide geographic spread, with operations in Europe, North Africa, the Middle East, Caspian and Asia-Pacific, has made corporate reserves evaluation a complex business, mandating the deployment of a corporate reserves solution capable of streamlining its annual reserves booking process. More from P2ES.
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