3.2 The Business Case

Some of the challenges of reporting production data to other relevant entities are:

• Lack of a standard (protocol, format and mechanism).
• Associated requirement for a significant amount of manual effort both in creating data to be transmitted, and receiving/consuming it.
• NOJV partners are increasingly requesting more detailed data (daily and monthly), resulting in a significantly increased quantity of data to be transmitted.

• Timelier reporting needed to support decision making (e.g., marketing, participation in projects) and internal reporting (accruals, etc.).

Therefore the benefits expected are:

• Streamlined approach to communicating production related data.
• Less manual effort and thus reduced cost.
• Greater accuracy (due to less manual intervention/preparation).
• Greater insight into the status of properties operated by others (OBO) supporting more informed decision making.

• Quicker access to data from joint venture partners.