News

Petrotranz announces PetroNet as first Silver Production Accounting TAP Partner

August 10, 2015 | Download News Release (PDF, 506kb)

CALGARY, AB, Canada (August 10th, 2015) - Petrotranz Inc. is pleased to announce that PetroNet Systems is the first Production Accounting System Vendor Partner, to be recognized for their integration efforts with the Petrotranz Data Exchange ("PDX"). Silver Status is currently the second highest level of recognition that can be awarded to Petrotranz Technology Partners for their integration accomplishments.

With a large number of customers in the Canadian Oil and Gas Industry and progressive thinking, customer-focused management, PetroNet jumped when the option to integrate presented itself. Upon release of the key integration, Crude Oil Splits, feedback from mutual customers was immediate and very positive with one particular customer indicating that the new functionality removed hours from her monthly splits tasks. PDX is the first transformational system for the energy industry that allows disparate systems to communicate with each other and the first system that provides a common language and secure hub for transacting information between all energy stakeholders.

"Petrotranz is very excited to have PetroNet as a member of the TAP program," says Dallas Smith, Vice President of Operations, Petrotranz Inc. "Working with such a progressive group that sees so much value in providing immediate efficiency gains to our mutual customers through real-time integration is what makes them an industry leader."

Raj Abbi, President of PetroNet Systems, states, "We saw this as an opportunity to unify and enhance reporting capabilities of our mutual clients. Petrotranz' data exchange was simple to understand and we were easily able to incorporate the technology into our application. We look forward to working with Petrotranz on other integration opportunities.

All risk associated with data re-entry for crude oil shipper and working interest owner splits is mitigated, improving the accuracy of information and the speed at which information is available to all stakeholders. This functionality has been available to PetroNet customers since early 2015.

About PetroNet Systems LP

PetroNet Systems LP (a Zedi Company) markets, develops and manages the PetroNet Production Accounting Application. PetroNet has over 150 clients, all accessing their production data thru PetroNet's secure hosted environment. All application upgrades and database management is handled by PetroNet allowing clients to concentrate on their core business. PetroNet handles all government reporting requirements and intuitively manages all sales splits, revenue and royalty allocations. PetroNet is a subsidiary of Zedi Inc. who provides integrated services, applications, and technology to oil & gas producers to help efficiently manage their production operations. Zedi's applications include Zedi Access, Vital field data capture and Measurement Schematics. Zedi's expertise in its applications (and related consulting services) helps producers increase revenue while reducing operating costs and ensuring regulatory compliance.

About Petrotranz Inc.

Petrotranz Inc. is a technology company that builds, deploys and manages secure web-based industry solutions that automate and improve manual or inefficient processes in the Energy Industry. The commercial applications developed by Petrotranz are the Crude Oil Transportation System (COTS), Liquids Transportation System (LTS), Petrotranz Data Exchange (PDX) and Petrotranz Quality Management (PQM). Petrotranz is utilized by over 1250 companies to manage the transportation and logistics of more than one million bbl/d of crude oil, and a quarter of a million bbl/d of liquids in the Western Canadian Sedimentary Basin.

Technology Adoption Program (TAP)

The Technology Adoption Program (TAP) is a certification and engagement framework that recognizes you as a TAP Certified Partner of Petrotranz and permits you access to the Petrotranz industry standardized XML schemas and related web-service documentation. As a Partner, you will have the benefit of access to all of the Petrotranz Documentation, Schemas and the opportunity to participate and work collaboratively with Petrotranz in the development of new and/or enhanced Petrotranz proprietary platform Schemas and integration points and other Developments for Petrotranz, the result of which a Partner will be recognized for their contributions and achievements.

Petrotranz Data Exchange (PDX) Overview

Petrotranz launched the Petrotranz Data Exchange (PDX) in January 2014. PDX is a secure, web-based data exchange that makes information available in an electronic format between relevant stakeholders (Facility Operators, Shipper Marketers and Producer Operators).

PDX leverages the existing Petrotranz platform, which provides existing portals (Facility Operator, Shipper and Producer), industry databases, role-based security, business rules, workflow, document management and an integration layer for system-to-system data exchange.

Petrotranz also provides volumetric and financial management industry services and actively serves as the COLC Administrative Manager and the ITC Invoicing Contractor.

---

To learn more, please contact: