Aclaro, Charlotte Software Partner to Provide Optimization Solutions

October 3, 2009 at 1:33 am Leave a comment

Aclaro Softworks Inc. and Charlotte Software Systems LLC announced a partnership to provide optimization applications that will improve how oil and gas companies allocate capital and schedule projects. The integration of Charlotte Software’s optimization technology into Aclaro’s petroLook Forecast application will create a decision support platform for companies to manage their asset portfolio, create optimal operating and capital budgets, schedule projects and monitor the performance of capital programs in near-real time.    

            Constantly changing conditions require companies to revisit and revise their capital program and operating budget frequently over the course of the year. Many companies also have reduced staffing levels, leaving fewer resources available to conduct analysis required to create, manage and revise their budgets. Software applications that reduce the manual effort involved in these processes allow companies to manage their spending more efficiently without taxing their resources, and optimization technology enables improved decision-making workflows that can increase overall capital efficiency.

            The petroLook Forecast application from Aclaro provides a platform for integrating, analyzing and reporting technical and financial data, while providing a secure and flexible work space. The petroLook actual-versus-forecast monitoring highlights both successes and problems in near-real time, allowing the company to take quick, corrective action.

            By integrating Charlotte Software’s optimization technology into petroLook Forecast, users can gain further insight into how individual projects contribute to the overall success of the organization’s capital program, ensuring that the correct projects are included or excluded. After planning the capital program, schedule optimization will ensure that projects are executed in an order that maximizes overall return while respecting business, operational and regulatory constraints. 

            “We’ve been interested in extending the petroLook suite to include optimization in response to interest expressed by our clients, but until now we have not been able to find the right partner to do so,” said Christoph Faig, CEO of Aclaro. “The principals of Charlotte Software are recognized as leaders in the optimization software field, and with their technology and expertise we are confident that we will be able to provide an industry-changing solution.”

            “Aclaro’s leadership position in the upstream oil and gas industry, combined with their petroLook platform, made Aclaro a natural partner for us,” said Kevin Kostiuk, CEO of Charlotte Software Systems. “Capital portfolio and drilling program optimization are sweet spots for our technology and great places to leverage our optimization platform. We are very pleased to partner with Aclaro to bring this new solution to the energy market.”                  


Entry filed under: Financial and Back Office Solutions. Tags: , , , , , , .

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