Petris Technology Inc. has released the full Operations Management Suite (OMS), which provides a comprehensive, integrated data-management platform to manage and optimize the life cycle of oil and gas assets from acquisition through drilling and production to divestiture.

OMS offers a common environment for master well data management through an integrated set of five software products:
• Property Master – Serves as the central OMS solution to define and manage field assets, including wells, facilities, subfacilities, and equipment;
• AFE Manager – Enables workflows to handle creation, management, and tracking of approvals for authorization for expenditures (AFEs);
• Well Lifecycle Manager – Focuses on the life cycle of the well for drilling and completion operations, tracking well services, and summarizing field data for daily reporting;
•Production Manager – Captures field data, supports construction of graphical delivery networks, prepares daily/monthly allocations, and generates production and regulatory reports; and
• Material Manager – Implements workflows to track approval and movement of various operational assets and equipment.

At the core of OMS is a centralized, relational database known as PetrisWINDS Operations Data Model. OMS also has support for multiple languages, different currencies, and units of measurement. www.petris.com