Web-based and easy-to-use, our Drilling and Daily Cost Tracker process allows for effective cost management with synchronized financial information and reporting.
Our Daily Cost Tracker records, analyses and reports costs, time and depth, curve analysis against the original AFE and budget.
By tracking activity and each phase of the drilling
campaign, the system enables users to
accurately analyze expenditure against the Work Breakdown Structure (WBS) then forecast the Cost to Complete with over/under spend
analysis allowing for budget adjustments where necessary.
Complicated spreadsheets which capture information such
as actual and budget data, as well as non-financial data, are replaced by
real-time, automated charts, graphs and grid-based reports.
Easy-to-use reporting allows users to spot trends and identify potential cost overruns during any drilling campaign.
Specifically built for the Oil & Gas sector, our Drilling and Daily Cost Tracker
solution has been designed to deliver accurate and auditable tracking of all costs with detailed analysis against the original AFE.
Our team of Energy sector experts can integrate our Drilling and Daily Cost Tracker solution with your existing accounting systems including Infor SunSystems, SAP, Oracle and Microsoft Business Central.
For further information or to discuss how TouchstoneEnergy's Business Process Management Platform could meet your organization's requirements, please fill in the form and one of our expert advisors will be in touch
