Petrotranz Inc.

Petrotranz Inc.

October 29, 2009 08:30 ET

Petrotranz Introduces Offering for Producer Operated Facilities

CALGARY, ALBERTA--(Marketwire - Oct. 29, 2009) - Petrotranz Inc., announced today the introduction of a Gathering Point / Terminal Offering for Producer Operators. This solution builds on the Petrotranz Crude Oil Transportation System (COTS).

Specifically, this is a forecasting solution to those Producers owning and/or operating a facility (terminal or gathering point) that receives production requiring the completion of a Form A. This applies to those Producers where at least 65% of the gathered production is operated by the company or registered affiliate.

Features overview as follows:

  • Receive & Manage Form As Electronically
  • Create Flow-Through Form As Electronically
  • Create and Manage Form Cs Electronically
  • Manage Splits Electronically
  • Nominal, per-terminal pricing
  • Web-based, no software or servers to install

Detail "Producer Operated Facility" Datasheet available at www.Petrotranz.com.

"This offering is in direct response to the requests of our Producers who operate their own gathering points and have to deal with facility-related forecasting processes", says Ron Gagnon, President, Petrotranz Inc. "Any Producers who have to manage their own terminals should definitely have a look at this new offering."

About Petrotranz Inc.

Petrotranz Inc.'s Crude Oil Transportation System (COTS) is the first secure, easy-to-use, web-based communication and collaboration platform that streamlines the manual processes and documentation required in the transportation of crude oil from wellhead to market. Petrotranz COTS provides Producers, Facility Operators (pipelines, truck terminals, cleaning plants) and Marketers the ability to forecast shipping volumes, capture production information, and reconcile delivered quantities to complete and submit delivery forecasts online each month.

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