Upgrading to Mosaic Saves Time and Increases Efficiency for E&P.
Entero® Mosaic™ Selected by a Top 50 Global O&G Producer
CALGARY, Alberta, September 27, 2011 – Entero Corporation, a leading provider of comprehensive software solutions for the energy industry, announced today that the Mosaic reserves and evaluation system has been selected by one of the largest crude oil and natural gas producers in the world (Top 50).
Mosaic will be used to support the client’s reserves, budgeting, and A&D processes. Through this implementation, Entero proved the benefits of switching to Mosaic were substantially greater than the cost of changing systems. The combination of superior functionality, more efficient processes, database stability, and competitive pricing created a compelling case for this client to switch. Furthermore, database run times were reduced by 80%.
The company’s decision to move forward with Mosaic was based on a combination of speed, great service, advanced product capabilities, and a responsive development team. “The strength of Mosaic and the benefits of working in a single database will generate significant efficiencies in our year-end reserves process,” said a company representative.
“We are very excited that after an extensive selection process and working collaboratively with our client, the Entero team and Mosaic product proved to be the best the market has to offer,” said Michael Lake, Executive Vice President at Entero Corporation. “Mosaic enables a ‘work as one’ philosophy that helps our customers work across different business functions, streamline processes, and ensure consistency. Mosaic is well-suited to the needs of both small and large organizations that need to manage significant amounts of information across various groups, while ensuring data confidence and an ability to scale economically.”
Since 2001, Entero Mosaic has been implemented in over 100 leading oil and gas companies. It is a comprehensive application that can efficiently evaluate individual reserve assets, right up to large corporate portfolios. Engineering, reserves, budgeting, capital planning, and A&D groups use it to deliver a complete picture of the value of their business. Visit the Entero website to learn how your organization can realize the benefits of switching to Mosaic.
About Entero Corporation
Founded in 1994, Entero is an established and proven software development company that works closely with customers to solve complex problems and deliver efficiency for all critical business functions. Entero Mosaic’s proven economic engine has been implemented in over 100 companies and generates accurate results, five to ten times faster than other calculation engines in the marketplace today. www.entero.com