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Hydrocarbon

Accounting
KPOGCL
JV
Solutions for
Accounting
Upstream Oil & Gas

Solution Brief
Asad
George
Nawaz
Telford
Khan
SVP,
Project
International
Delivery Manager
Business
Development

InfoTech Private
P2 Energy
Solutions
Limited

Why do we need it?


Shared master data
Single source of data
entry
Automated
calculations
Auditable
and
.
verifiable results
Based
on
industry
standards
Open architecture
Timely availability of
information

What is wrong with


processes?
Lack of Integration

current

Inconsistent master data


Redundant data entry
No single source of truth

Offine calculations
Inherent errors with excel or
manual calculations
Poor historical records
Errors can lead to financial
loss or dispute

Visibility
Potential improvements may be lost due to lack of
accurate and consistent information
Good information is required for proper planning and

Key Components of our Solution

Joint Venture Accounting


Approval for Expenditure
Budgeting & Forecasting
JV & AFE Reporting
AFE & OPEX Dash boards & Ratio
Calculation
Periodic Reporting (Monthly, Qtrly, Yearly,
etc.)
Fixed Assets Management
Procurement
Inventory
Employee Profile & Organization Definition
Payroll

Overall Applications
Footprint
REPORTING
Application & Regulatory

Maps

Lease Operating

LAND

PRODUCTION

Lease Data

Field Operations

Contracts

Electronic Data
Validation
Volume Allocations

Domain/Property
Company Owned Lands

Supply Planning

Ad-Hoc Query

Business Intelligence

Dashboards

REVENUE

FINANCIALS

Partner Balancing
Revenue Settlement
Gas Plant Accounting
Production Sharing
Agreements

Accounts Payable

Lease Cost

Terminal Management

Lease Acquisition

Well Operations

Rollups & Changes

GIS

Sampling & Analysis

Reserves Reporting

RESERVES

Accounts Receivable
General Ledger
Cash Management
Planning & Budgeting
Governance & Compliance
Consolidations &
Reporting

Economics & Valuation

Agreements

Parties

HR MGMT
Employee Life Cycle
Payroll
iRecruitment
Performance
Management
Learning Managmenet

CORE BASE DATA

Report
Centers

Ownership

DRILL &
COMPLETION
Drilling & Workovers
Completions
Facilities & Pipelines
Reclamation
Well Planning
Rig Scheduling

Codes

Hierarchies

OTHER
VERTICALS
Projects
Business Intelligence
Customer Relationship
Mgmt.
GRC
Treasury
Hyperion Planning
Others

ASSETS &
COSTS
Authorization for
Expenditure
Joint Venture Accounting
Fixed Assets
Inventory
Projects
Purchasing / Procurement
Asset Maintenance

Modules Offered Current


REPORTING
Application & Regulatory

FINANCIALS
Accounts Payable
Accounts Receivable
General Ledger
Cash Management
Forecasting & Budgeting
Consolidations & Reporting

Ad-Hoc Query

Dashboards

ASSETS & COSTS


Authorization for Expenditure
Joint Venture Accounting
AFE / JV Reporting
Fixed Assets
Inventory
Purchasing / Procurement

EMPLOYEE COST
HR Foundation
Payroll Management
Employee Funds Accounting
Reporting

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Joint Venture Accounting


Recover costs from joint
venture partners
Cash Calls
JIB Invoices and Statements

Transactions generated

Allocations
Payroll Burden
Utilization
Overhead

Tracks Payouts / Cost


Recovery
Track gross and net costs

Authorization For Expenditure


Track and Monitor
Projects
Generate AFEs
AFE Accruals
Capitalized Interest and
Overhead
Master AFE
Manage AFE
Supplements and
Amendments
Track gross and net

JVA / AFE Lifecycle


AFE
AFE AFE

Payab
les

Receiva
bles
Posted
to GL

Journal
Entries

3rd
Applicati
Party
ons

Tr
Tr
x
x Trx

JVA
Eligible
Transacti
ons

Process
ing

Implementation Methodology
RAPID / STANDARD IMPLEMENATION (NO CUSTOMIZATION) FOR
CORE MODULES OF JVA, AFE & FINANCIALS

REMAINING MODULES WILL BE DONE IN PARALLE AND ANY


CRITICAL CUSTOMIZATION WILL BE DONE DURING REMAINING
PROJECT DURATION INCLUDING PURCHASING, INVENTORY,
PAYROLL AND FUNDS ACCOUNTING