P2 IDEAS

Global oil and gas exploration is reaching new levels. In turn, companies capitalizing on new opportunities experience greater complexity when it comes to joint ventures. Differences in currency, taxes, regulatory compliance, and contractual agreements can cripple productivity. P2’s IDEAS is a rapidly-deployed international oil and gas venture management software solution. Used by energy industry majors and independents in over 65 countries, IDEAS offers scalability from a single user to global networks and provides instant access to worldwide activity through the IDEAS financial data warehouse.

Features

We understand the unique requirements of multi-national oil and gas operators. IDEAS’s configurability allows you to maximize your operational control and lower your total cost of ownership (TCO).

Financial Management

Track currency agreements defined in contracts and automate determination of rates, calculate exchange gains/losses, and prepare local currency financial statements. IDEAS streamlines workflows, speeding AFE, PSA, and other electronic document approval processes in multiple languages and according to local regulations.

Supplier Relationship Management

Reduce costs and improve management of working capital. The IDEAS procure-to-pay solution is comprehensive and can notify you of opportunities to reduce costs when acquiring the assets required for each project.

Business Intelligence

The IDEAS Business Intelligence reporting tool transforms big data into reports you need for superior decision making.

Partner Relationship Management

Leveraging decades of deployment around the globe, IDEAS boosts efficiencies by automating joint interest billing, creates intercompany and intra-company transaction journals for billing to related company owners, and notifies internal and external AFE approvers. It also creates better view into joint ventures to quickly generate AFEs as needed and control division of interest details.

Operations Management

Operations Management provides tracking and control of equipment, materials, capital projects, and assets, with operations visibility down to a single well.

Electronic Workflow

Achieve greater productivity and profits with process efficiencies in the back office and in the field. IDEAS Electronic Workflow Management (iApprove) provides capabilities for approving requisitions, purchase orders and vendor invoices, and controlling the overall approval process.