New Module Provides Decision-Ready Performance Metrics
CALGARY, April 10 /CNW/ - Decision Dynamics Technology Ltd. (TSX-V:DDY)
announced today the commercial release of Wellcore Enterprise 4.3., the latest
version of its well lifecycle 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 vs. budget estimates vs. invoiced costs, AFE cycle times,
operations cycle times and non-productive gaps between the different well
lifecycle 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 E&P requirements.
"E&P operations staff and management have long valued the efficiencies
that Wellcore's field data capture, operations reporting and workflow
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 lifecycle 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 lifecycle 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 pre-integrated to streamline data capture and
simplify deployment across the lifecycle.
About Decision Dynamics Technology Ltd.
Decision Dynamics Technology Ltd. is a leading innovative provider of
Business Visibility and Operational Analytics solutions to the energy sector,
including major oil and gas and electrical power companies. Its flagship
products include Wellcore, a well lifecycle management solution that provides
oil and gas companies with operations performance visibility; and Oncore, a
project cost management solution that provides real-time cost information,
contract validation and approvals for operations management and capital
projects. Decision Dynamics is a Microsoft Gold Certified Partner. The
Company's head office is located in Calgary, Alberta, Canada. It operates
wholly-owned foreign subsidiaries in the United States with offices in
Houston, Texas. Decision Dynamics trades on the TSX Venture Exchange under the
symbol "DDY". For more information, visit www.ddytech.com.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
All trademarks or registered trademarks herein are the property of their
For further information:
For further information: Kendra Desmarais, Marketing, (403) 451-0723,