Manage your well lifecycle with confidence
Cost Control and Authorization for Expenditure (AFE)
- Do you spend large amounts of time shuffling papers, rather than managing your projects?
- Does widely dispersed cost tracking prevent timely & effective decision making?
- Do you know what you have spent as of today?
Instantly know exactly what you’re spending at any time and load all field costs into your Cost Control and Authorization for Expenditure system
Being a low-cost producer is a priority for many exploration and production companies. The best way to achieve this goal is to have the right information in a timely manner.
Wellcore not only enables the entry of field costs into user-friendly documents, it also integrates with your existing AFE and accounting software package(s). Building on daily reporting business processes, the Control Cost and AFE module provides you with the tight, accurate cost control.
Product Specific Features
- AFE tracking and record of sign-offs
- AFE summary—cost variance
- AFE revision history and forecast
- AFE details are associated with company-specific cost codes and business processes
- List of transactions and vendors
- Ability to instantly roll-up and analyze costs at well, business unit and department levels
Standard Features in all Wellcore modules
- Ad-hoc search and query
- File embedding capability
- E-mail any document in PDF format
- Performance analysis and graphing
- Customized work views for individual people, business units and management
- Export to Excel, XML, PDF and HTML file formats
- Configurable routing and notifications based on client’s business processes
- Secure 256-bit communications over dial-up or IP
Integration
Wellcore’s Cost Control and AFE module is pre-integrated with other Wellcore modules, including Construction, Geology and Drilling and Completions.
It can also be integrated with other third party applications and your own corporate data sources.
Download a product overview sheet here.