Regulatory Compliance Management System

The industry’s most powerful solution in one convenient package.

The benefits of SolComp are simple. We’ve created a software that can do a month’s worth of work in mere hours.

SolComp is a regulatory compliance management system that provides comprehensive reports and superior data organization, significantly increasing your company’s efficiency. This tool was developed by an experienced and well-versed industry expert, making it a highly intuitive software that provides a level of accuracy you would only expect from a team of experienced petroleum professionals.

We access government data and industry knowledge and combine this with automation, resulting in the ultimate regulatory compliance software. Our forms, checklists, and plugins are just a few of the many features of SolComp that result in precise calculations and exceptional organization in a fraction of the time.

In addition to ARO reporting, LLR evaluation, project management forms, pipeline discontinuation/abandonment management, SolComp has a host of features and functionalities that stretch far beyond regulatory compliance management.

SolComp is continuously evolving and advancing as the oil and gas industry does, making it the industry’s most powerful software solution on market.

SolComp has a number of components and built-in tools that provide you with unparalleled benefits while streamlining your regulatory compliance management process.

Regulatory Compliance Management Component

Outputs / Functionality / Data or Test Inputs

Up to date well, pipeline and facility inventory management
Continually generates inventories of wells, pipelines and facilities that require compliance work
Digital compliance form with built-in well schematics and wellfile review checklist
Software assisted Directive 13 well classifications (includes wellhead AOF tool)
Customizable digital field inspection/SCVF test/PIT test forms include automated picture mapping and requires no expensive tablet rental
Digital well evaluation forms
Automated suspension and abandonment mini-program builder
Automatically builds AER DDS submission text files
Built-in project management tool
Manages SCVF testing, packer isolation testing, pipeline discontinuations/ abandonments, etc.

Benefits

Efficiently manage Directives 1, 6, 11, 13, 20, 44, 56, 79 and 83; ID 2003-1
Proactively manage compliance schedules
Inventory management and architecture provides powerful data hub
Distribute email-ready digital forms, easy to upload
Software data sets are continually updated
Significantly reduces well file review time
No tablet rentals – Windows based software
Compliance / audit reporting
Simplified AER DDS text file uploading
Google Earth and Maps functionality for visual work planning
License to operate budget planning reports
Saves money through efficiencies, optimization, automation, synergies, reduced levy payments, etc.

End of Life Management Component

Outputs / Functionality / Data or Test Inputs

Manages wellbore abandonments, wellsite remediation and reclamation
Manages pipelines discontinuations/abandonments
Manages facility decommissioning, remediation and reclamation
AFE ready end of life cost estimates for wells, pipelines and facilities using unit rates
Automated abandonment mini-program builder
Manages mineral lease expirations
Built-in project management tool

Benefits

End of life project management / budgeting
Significantly reduces well file review time
Optimizes abandonment and reclamation scheduling by targeting highest ongoing expense wellsites and highest LLR liability reduction opportunities
Ensures all closure aspects are realized (i.e. eliminates accidental ongoing LTO payments)

ARO Estimates & Reconciliation Component

Outputs / Functionality / Data or Test Inputs

ARO reporting is highly accurate and AFE ready
Automated cost estimates for wells, pipelines and facilities using unit rates
End of life date estimation using economic limits or reserves tables
Estimates are discountable and inflatable
Powerful reconciliation system for easy audit support

Benefits

Allows for short-term end of life dollars to be deferred while concentrating on compliance only to provide banks minimal financing required
User adjusted unit rates and assumptions
Estimated rig time required for well abandonment
Third party audit proof estimates
Accurate ARO estimates in gross and net dollars

LLR Evaluation & Optimization Component

Outputs / Functionality / Data or Test Inputs

Powerful LLR predictor using production forecasts
Evaluates liability reduction opportunities doing only paperwork
Field summaries to aid in asset management
Individual well and facility analysis for liability reduction
Companion report draws well schematics, reducing well file review time

Benefits

Optimizes LLR liabilities
Provides increases as high as 30% to LLR for unoptimized assets
Lowers annual levy payments
Identifies LLR friendly assets and divestiture candidates
Identifies license amendments
Reduces work for digital regulatory submissions
Optimizes A&D LLR impacts, understand the after
Built-in Google Earth mapping to assist with evaluations
Supports AB, SK, and BC LLR programs

Well Schematic Builder Component

Outputs / Functionality / Data or Test Inputs

Wellfile Review Checklist (no completions knowledge required)
Built-in cement top estimator
Built-in regulatory compliance forms, inspection and test forms
Add or edit data such as casing and cementing details
Supports automated well and of life cost estimates
Supports automated building of Directive 13 & 20 mini-programs
Google-Earth and Maps functionality for visual work planning
Incorporates directional well data
Lists compliance issues for all wells, built-in forms to manage compliance work

Benefits

Easy to use Excel based tool
Easily edit incorrect data
Seamlessly integrates with Government Data
Well schematic is automatically updated
Can be used as digital wellfile
Enter and edit detailed completion data

A&D Evaluation & Optimization Component

Outputs / Functionality / Data or Test Inputs

End of Life Liability Estimates for Wells, Pipelines and Facilities (ARO)
Well lists and net well count report
Reported spills list
License to operate exposure summaries
Net cost estimates for overdue wells or wells due for suspension or have mineral rights expiring
Net cost estimates for pipelines overdue or due for discontinuation / abandonment

Benefits

Uses only a well UWI list with working interest as input
Quickly compiles and analyzes vast amounts of well data
Provides accurate assessments of liabilities
Provides supporting documentation for insurance applications and environmental disclosures
Easily identifies problem assets

Daily Operations Reports // Under Development

Outputs / Functionality / Data or Test Inputs

Benefits

Geospatial // Under Development

Outputs / Functionality / Data or Test Inputs

Benefits

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For more information about our comprehensive and automated oil and gas software solutions and evaluation services, please download our brochure.

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