Nowhere
is the need for a comprehensive information system greater
than in the oil and gas industry. Oil and gas companies
must efficiently capture, store and disseminate large volumes
of data in order to respond to governmental reporting requirements,
volatile economic conditions and investor requests.
OGSYS
- The Oil and Gas Information System is designed to help
meet these challenges and conserve valuable personnel
and financial resources in the process.
OGSYS
is a complete accounting package for operators and non-operators.
Designed by industry specialists actively engaged in the
oil and gas industry, OGSYS is a user-friendly, menu-driven
system based on the latest in database management technology.
Its major capabilities include accounting systems focused
on:
| ·
Operators |
| ·
Non Operators |
| ·
Investors |
OGSYS
is not a modular package. OGSYS is a fully integrated accounting
and management solution, which makes use of a true relational
database. Basic functions common to both operators and non-operators
include general ledger, accounts payable, and revenue processing.
In addition to these functions, the operator package has
joint interest billing, accounts receivable, revenue distribution
and partnership programs. Lease records management and production
accounting are optional programs and can be fully integrated
into all accounting activities.
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The
major advantages of OGSYS include:
| ·
Single entry design |
| ·
True database technology |
| ·
Flexible report writer fully integrated into the OGSYS
design |
| ·
Multi-company processing |
| ·
Y2K Compliant |
| ·
On-line HELP keys and on-screen documentation |
| ·
Link to on-screen calculator |
| ·
Supports either single station P.C. or multi-user network
configuration |
| ·
Supports Windows platforms |
| ·
Fully staffed support center |
| ·
Multiple date tracking with concurrent cash, accrual,
and journal dates |
stored for reporting purposes
|
In
short, OGSYS offers the efficiency and accuracy required
for successful management of any oil and gas entity.
