March 20, 2013 09:30 ET
Extends Platform for Management of Forecast and Splits Information for NGLs
CALGARY, ALBERTA--(Marketwire - March 20, 2013) - Petrotranz is pleased to announce the commercial release of the Petrotranz Liquids Transportation System (LTS). LTS is an industry solution that automates many of the processes associated with the movement of Natural Gas Liquids (NGLs). LTS is a secure, easy-to-use, web-based communication and collaboration platform that streamlines the manual processes and documentation required in the transportation of NGL's from wellhead to market.
Petrotranz has developed a proven framework and platform for developing and managing secure web-based applications for the energy industry. The platform consists of a database of all industry stakeholders, role based security, workflow, transaction auditing, messaging, reporting and a series of portals delivering specific applications. The applications currently delivered through web-based portals are a Producer Portal, a Midstream Facility Operator Portal, and a Shipper / Marketer Portal.
LTS provides Producer Operators, Facility Operators (Pipelines/Gas Plants/Fractionators) and Shipper Marketers the ability to manage forecast volumetric data, capture production information and reconcile delivered volumes each month. The capture of actual delivery volumes allows for the detailed analysis of forecasted versus delivery volumes as well as the allocation of marketer splits for each production facility.
LTS helps reduce risk and improve efficiencies for all stakeholders in the Western Canadian Natural Gas Liquids industry through timely reporting, enhanced tracking, and improving the accuracy of volumetric data.
About Petrotranz Inc.
Petrotranz Inc. is a technology company that builds, deploys and manages secure web-based industry solutions that automate and improve manual or inefficient processes in the Energy Industry. The first commercial application developed by Petrotranz was the Crude Oil Transportation System (COTS) used to receive and manage forecast and splits information for all relevant stakeholders automating the 3 month crude oil lifecycle. COTS is used by over 425 companies to manage more the 1 Million bbl/d of crude oil forecast volume in the Western Canadian Sedimentary Basin.
Petrotranz also provides volumetric and financial management industry services and actively serves as the COLC Administrative Manager and the ITC Invoicing Contractor.
Petrotranz Inc.Paul Johnsoninfo@petrotranz.comhttp://petrotranz.com
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