Actenum Corporation

Actenum Corporation

June 03, 2015 06:00 ET

Actenum Announces New Scheduling Products for Upstream Oil and Gas Operations

Company releases DSO/Upstream 5.0 and DSO/CX 1.0 for collaborative operations scheduling

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 3, 2015) - Actenum Corporation today announced the release of two products that enable upstream operators to continue the transformation of their well delivery and operational scheduling from a manual task into a productivity and profitability driver.

Intelligent scheduling for integrated operations

DSO/Upstream supports integrated operational scheduling by helping users monitor, visualize, control, and optimize the activities in the upstream lifecycle. The latest release, version 5.0, contains numerous enhancements that address the evolving needs of operators across the entire well lifecycle. It can rapidly schedule hundreds of thousands of activities, consolidating all aspects of the upstream environment, including lease management, pad/facility construction, drilling, frac, water-management, tie-in and workover, into a master integrated operational schedule. This new release of DSO/Upstream delivers the performance and scalability necessary to improve collaboration in the most demanding and time-sensitive operational settings.

With the most configurability of any product in its class, DSO/Upstream meets or exceeds the needs of even the largest conventional and unconventional upstream operators.

Collaboration for multiple scheduling teams and users

DSO/CX (Collaboration eXchange) extends the functionality of DSO/Upstream by providing a web-based platform that supports collaboration among work teams who depend on accurate and timely schedule information to achieve their business goals. This new product allows multiple users to easily access up-to-date schedules for every well delivery function in real time.

DSO/CX enables users to view up-to-the-minute schedules, provide input, and access reports anywhere and anytime - even from their mobile devices - to drive better business decisions.

Paul Maurer, Actenum's CEO, stated, "We continue to focus on scalability and performance to meet the evolving needs of the market-recognizing that operators are integrating more business functions and more activities into their operations planning workflow." Maurer went on to say, "Our new products improve collaboration across departments for all team members who depend on effective scheduling to meet targets."

"For years the Actenum team has been quietly revolutionizing the scheduling process for major oil and gas companies, transforming outdated spreadsheets and manual scheduling processes into a more responsive, intelligent, and collaborative workflow that can unlock tremendous shareholder value for clients," noted Steve Munford, a member of the Board of Directors. "We are delighted that they have achieved these two important milestones and look forward to the next stage of this company's evolution."

About Actenum Corporation

Actenum Corporation provides advanced scheduling products to the upstream energy sector. Their powerful DSO scheduling platform creates shareholder value for clients by increasing operational efficiency, reducing cycle times, and improving collaboration between teams. And Actenum combines deep knowledge of optimization and upstream scheduling best practices to provide tangible efficiency improvements for leading unconventional and conventional operators. For more information, visit www.actenum.com.

Contact Information

  • Media contact:
    Owen Plowman
    VP Business Development
    Mobile: 713.301.3058
    Email: plowman@actenum.com