Asset Visibility and Profitability

12 November 2008

•Improving reservoir management through improved data accuracy

•Optimizing well uptime

•Managing joint venture operations

•Optimizing hydrocarbon accounting workflows

Objectives

FINANCIALSLAND ASSET MANAGEMENT

REVENUE

BASE: Agreements Parties Report Centers Ownership Codes

GISEnterpriseLand

AFEJVA

ProductionSharingContracts

AssetProfitabilityStatement

PRODUCTIONSampling & Analysis

Field Operations

APM

TerminalManagement

FirstPurchaser

ProductionManagement

Planning &Forecasting

AllocationProcessModeling

Assets Inventory

WellInfo

PartnerBalancing

Revenue Acctg

RegulatoryReporting

GL AP

ARHR

Procurement

ICM

UPK

O&GHierarchies

Dual Acctg

EDV

Transactional Reporting Management Reporting Variance Reporting DBI Portal Production Reporting Operational Intelligence

Projects

BUSINESS INTELLIGENCE, ANAYLITICS AND REPORTING

Fully Integrated Solution for Optimized Oil & Gas Workflows

ERPERP

Integrated Joint Venture AccountingEfficient Distribution Processing & Invoicing Seamless Integration w/ Financials

IntegratedProcesses(Source Data)

Multi – LevelCostAllocations

Multi – LevelCostAllocations

Data Consistency and AccuracyData Consistency and Accuracy

Effective DatingEffective Dating

APIsAPIs

ProcessWorkflowsProcessWorkflows

Data ManagementData Management

JVAAgreementsJVAAgreements

OverheadOverhead

CashCallsCashCalls

Processing Efficiency Across Multiple Disciplines Processing Efficiency Across Multiple Disciplines

OperationalInsight

LOS

DBI

FinancialResults

SBVs

KPIs

JVADataMartAdHocReporting

Financial IntegrationFinancial Integration

Mid-MonthDistributionsMid-MonthDistributions

PO

INV

AP

GL

JVA & Financials Integration

AutomaticIssuance of PO

JIB Accounting InfoAutomatically Available in GL

GL

POElectronicallySent toSupplier

Asset AutomaticallyAvailable in Fixed Assets FA

JVA/AFE

AP

Billable Transactions are transferred to JIB for Distributions

Asset reduced by Joint Interest Ownership

Joint Interest Distributions transferred to GL

RequisitionEntry

Goods Receivedin Inventory & Accrued

INV

InvoiceAutomaticallyGenerated & Sent to AR

AutomaticGenerationof Invoice

AR

Receipts Matched to PO

PROJECTS

Cutback EntriesReclassification

MaterialTransfers

Joint Venture Accounting:Joint Venture Accounting: Agreement Driven Overhead Allocations Payouts Cash Calls Utilization JIB Invoices and Statements Re-bill Workflow enabled Integrated with AP, Projects, AR, GL, FA APIs for Third Party Applications

DataCollection

Imported

Manual Input

SalesAllocationsSalesAllocations

Data ConsistencyData Consistency

Effective DatingEffective Dating

APIsAPIs IntegratedWorkflowsIntegratedWorkflows

Data ManagementData Management

CashManagementCashManagement

OnlineSourcingOnlineSourcing

Agreement BasedAgreement Based

Processing Efficiency Across Multiple Disciplines Processing Efficiency Across Multiple Disciplines

OperationalInsight

RegulatoryCompliance

FinancialResults

SBVs

KPIs

AdHocReporting

Integrated Revenue ProcessingEfficient and Precise Distribution Processing and Reporting

Integrated Data

Financial IntegrationFinancial IntegrationFunds

DistributionFundsDistribution

Revenue Accounting:Revenue Accounting: Agreement Based Process Driven API Facilitated Seamless Integration Sales Allocations Well Balancing Accruals Cash Matching

OIL & GAS HIERARCHY

Asset Profitability Statement(APS)

Benefits• Flexible report layout definition customizable by each client • Multiple Layouts for LOS and OPR reports • Flexible grouping, cross referencing, and roll up of financial

accounts • Flexible roll up providing options for using multiple Report Center

(RC) Hierarchies • Summary or Detail Reports at any RC hierarchy level within a

chosen hierarchy • Trend capabilities (Activity versus GL dates; Operated, Non-

Operated or Both) • Historical reporting • Fast response times

PROCESS WORKFLOWS