Some news about improvement of a product.
Remember the contract with Ont.Power...
"2007-04-10 07:09 ET - News Release
Ms. Kendra Desmarais reports
DECISION DYNAMICS' DELIVERS BUSINESS PERFORMANCE MODULE IN WELLCORE ENTERPRISE 4.3 RELEASE
Decision Dynamics Technology Ltd. has delivered the commercial release of Wellcore Enterprise 4.3, the latest version of its well life-cycle management software solution. Wellcore Enterprise 4.3 includes the addition of a new component, the business performance module. Designed for use by managers and executives, this module provides user-friendly, point-and-click performance visualization with drill-down capability to deliver key metrics for measuring, monitoring and managing operations. Using its unique ability to capture state changes related to business operations, Wellcore gives customers the ability to measure the velocity of business processes and provides key indicators such as forecasted field spending versus budget estimates versus invoiced costs, AFE cycle times, operations cycle times and non-productive gaps between the different well life-cycle operations. This drives business agility and enables customers to reduce their overall costs and cycle times, thereby getting their wells on production faster than their competition.
In addition to this new module, Wellcore Enterprise 4.3 delivers enhanced application scaleability and performance, as well as greater reporting breadth and depth, enabling Wellcore to handle a wide range of energy and petroleum requirements.
"Energy and petroleum operations staff and management have long valued the efficiencies that Wellcore's field data capture, operations reporting and work-flow integration provide," said Jeff Austin, Decision Dynamics' vice-president of products. "Now with the business performance module, we can further leverage the comprehensive data and knowledge collected in Wellcore to deliver the key performance analytics and metrics needed by executives and senior management for effective decision making. By putting decision-ready information in the hands of our clients' executive management team, we help drive their business agility, efficiency and profitability."
Decision Dynamics' Wellcore platform provides a consistent framework to manage and optimize operations across the entire life cycle of a well. Key benefits include near-real-time data capture from the field, improved capital spending management and streamlined administration. Wellcore consists of modules that span the operational well life-cycle covering geology for operations; field construction; drilling, completions and workovers; AFE and cost management; project planning; rig scheduling; and regulatory reporting. The individual applications are preintegrated to streamline data capture and simplify deployment across the life cycle..."
Not a chart-mover news but could lead to contracts, maybe...
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