Today's Challenges

Optima Energy offers complete business software solutions in support of new ventures and upgrades to existing systems. Optima Energy has the experience and expertise to do the job.

With limited exploration and development opportunities at home, more and more upstream oil & gas companies search for reserves in far flung corners of the globe. The opportunities are there, but not without risk. And the risk include the challenges of data management and reporting.

Here are some of the challenges in today's international upstream E&P environment:

• Differing, changing and challenging financial reporting requirements to national oil companies and partners.
• Multi-country, multi-currency operations and reporting.
• Consolidated financial reporting requirements for HQ.
• Information required in real time from geographically dispersed and often remote activities in the field, offshore and from engineering contractors, suppliers and fabrication yards world-wide.
• Procurement suites in standard accounting package unable to cope with the diversity and complexity of international exploration, drilling and capital project purchasing and contracting.
• Lack of forecasting capabilities in standard accounting packages for multi-year upstream capital projects.
• Limitations on telecommunications access, security, internet speed and reliability.