Asset Retirement Obligation Management demo
Finance sees each dollar of the retirement liability graded by its evidence, and estimates revised from what closed plugging jobs really cost. 1:24
What the demo shows
Keeps every well and facility’s retirement estimate evidenced and reconciled, for finance.
Agents grade each estimate's support, read closed job costs, test them against what was carried, find the similar wells and draft a revision with its working. The cost engineer and the controller both sign, an accountant parks the journal, and a ledger accountant posts it.
Transcript
- Asset Retirement Obligation Management keeps every retirement estimate evidenced for finance.
- 24% of this $1.38 billion liability rests on flat values or nothing.
- A 41-well campaign closed 38% over.
- Milled wells cost $6.83 million.
- Agents find 35 more with that poor cement, $76.6 million before discounting.
- Bilal, the cost engineer, opens each close call.
- All four have the same pour cement at the seal, so Bilal signs the estimate.
- Stefan, the controller, cannot sign until he opens every invoice.
- Rig, milling, cement, and weather all tie, and he signs.
- Naomi parks the journal, fan die when the ledger team posts it.
- The book ties, every step is logged, and flat dollars fall to 13%.
- Built on Botminds: agents, data, screens, and governance on one platform.
Transcribed from the film’s narration. Captions are on the player.