AFE-One

Authorisation For Expenditure

The application was designed with a high degree of automated calculations.

Overview

• Easy configuration to Company standard.
• Easy AFE generation, export to Excel.
• Consistent Coding.
• Integration with DSP-One allows quick reaction to changes in well planning.
• Multiple currencies.
• Eliminate spreadsheets.
• Standardise AFE coding.
• Connected to DSP-One.
• Data generated with DSP-One for planned wells can be imported to AFE-One.

Features

• Users are able to instantly appreciate the cost savings achievable from particular design optimisations.
• AFE-One incorporates three user editable look-up tables storing company specific coding for Drilling Phases, Account Groups and Items of Expenditure. In addition, there is a comprehensive database of international currencies allowing flexibility to quote a cost in whichever currency unit is convenient.
• The results can be viewed either in a classical report style or graphically.