Well Planning - Wellcore :: Cost Control & AFE

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.

Do you spend too much time managing paperwork instead of managing your projects?

Does widely dispersed cost tracking prevent timely & effective decision making?

Do you know what you have spent on your project right now?

Know exactly what you're spending - Information at your fingertips to keep you aware of spending at all times

All your field costs in one place - load all field costs into your Cost Control & AFE system

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 & 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 modules

• Ad-hoc search and query
• File embedding capability
• E-mail any document in PDF format
• Performance analysis & graphing
• Customized work views for individual people, business units and management
• Export to Excel, XML, PDF and HTML file formats
• Configurable routing & notifications based on client's business processes
• Secure 256-bit communications over dial-up or IP

Wellcore's Cost Control & AFE module acts as a complete capital budgeting and AFE management solution for Petro Andina Resources.

Integration

Wellcore's Cost Control & AFE module is pre-integrated with other Wellcore's modules, including Construction, Geology and Drilling & Completions. It can also be integrated with other 3rd party applications and your own corporate data sources.

Screenshot

Wellcore's Cost Control & AFE - (Left) AFE Details report displays all costs broken down by Cost Code and Category. (Right) The AFE Variance report is one of many web-based reports that displays the difference between AFE Estimates vs. Field Estimates vs. Invoiced Amounts.