Dallas, Texas (May 20, 2008) – NeoFirma™, the leader in well information management services for the energy industry, today introduced DrillerV2 – the newest service module for the web-based asset management solution OperationsMasterSM. With DrillerV2, independent operators now have the ability to get comprehensive drilling status, as well as integrated views of drilling projects in near real time. In addition, both OperationsMaster and DrillerV2 are accessible anytime and anywhere in the world via the Neofirma’s secured internet communications. This enables operators to immediately identify and resolve well issues before they become critical and costly.
“DrillerV2 was built to meet the needs of not only field personnel, but also senior management. That is a major business advantage and sets this service apart from the competition,” says Phil Owens, Director of Client Operations for NeoFirma. “For the folks out in the field, it is a faster, easier and more accurate way to report on drilling progress. DrillerV2 is equally appealing to management with its ability to capture, then summarize and analyze data from all well locations consistently and uniformly.”
Working with the OperationsMasterplatform, DrillerV2 has a wide range of reporting and tracking capabilities that enable all parties involved in managing well assets to see both the progress, as well as problems occurring at each drill site. Operators will have a clear and near-instantaneous understanding of how much is being spent, and if resources are being used effectively. DrillerV2 can generate daily drilling reports, operations time graphs and analysis reports, safety summaries, cost reports, AFE vs. actual cost comparisons, and a host of other reports designed to facilitate decision making from project inception to completion.
About OperationsMasterSM
OperationsMaster is a well information service Oil & Gas executives use to dynamically interact with their exploration, production, and financial teams from virtually any location. This secure, web-based platform enables E&P firms to immediately get information such as well drilling, operations and asset status information to and from the field.
OperationsManager provides a framework for communication and asset management with additional functionality for specific business needs – Reserves QuickPrep™ service module, DrillerV2 service module and Production service module. The Reserve QuickPrep is a set of online tools for creating the complex data tables needed for the valuation process. The Production module streamlines the process of creating, managing and sharing information with your field teams, customers, and partners by allowing them to post, retrieve, and respond to situations rapidly.
About NeoFirma
From prospecting and exploration through operations, NeoFirma provides independent E&P companies and service providers the ability to create improved value through its web-based information services. NeoFirma’s services create performance reports and graphs to manage every point of the well’s life cycle – assisting clients in the business decision process with the right information, at the right time, and at the right place.