What New Technology can do for Compliance

What New Technology can do for Compliance

What New Technology can do for Compliance

With governments ratcheting up their climate policies, Upstream Oil and Gas is looking to have major
challenges going forward with compliance. Well delivery is bound to be subject to new laws and
standards, in addition to the current requirements. Oil well permitting is already a complex process.

Getting the right information to the right people at the right time can be tricky. Most E&P companies
have their own internal software for handling permitting and compliance. These tools have been used
for many years, and they run separately from other platforms thanks to the specific information they
need to collect and process. It doesn’t run in line with their scheduling software, despite both having
similar data inside.

Permitting oil wells will become more problematic when more and more information is required by the
government. Depending on the region, carbon emissions data may be required for taxation. If it is based
in Canada, where natural resources are owned by the government, the registry informs how royalties
will be handled. If based in places where the landowner owns the resource, there may be other
requirements based on what the local registrar requires for compliance. This can delay well delivery and
make life more difficult for your company.

Say you are trying to permit a well. Before you can get your scheduler involved to start organizing work,
you will have to gather the right data and get it registered. Any mistakes or typos can lead to lengthy
delays, needless conflict and expensive disputes. These issues place a lot of pressure to get it right the
first time. It would be far easier to get the same data from, say, your scheduling software. This is where
Oil and Gas asset management software can help by having the right data available at your fingertips.

Generwell has options for helping you streamline the permitting process. The data kept in Generwell for
your rig scheduler can be used to register your wells. Select the necessary data points from Generwell
and build a quick Excel report. Then simply copy and paste! Or, you can export a report which can be
used to register your wells, directly from Generwell. We provide a flexible oil and gas scheduling
solution for many different applications, including registry.

For more information on how we can help your company, reach out to us today: https://micotan.com/contact/