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Newalta Corporation Implements Petrotranz COTS
Newalta Corporation Implements Petrotranz COTS
October 19, 2015 | Download News Release (PDF, 365kb)CALGARY, AB, Canada (October 19th, 2015) - Petrotranz Inc. is pleased to announce that Newalta has begun to fully implement the Petrotranz Crude Oil Transportation System (COTS). The COTS system is a secure, user friendly, web based communication and collaboration platform that streamlines the manual processes and documentation required for the transportation of crude oil from wellhead to market. It significantly mitigates risk associated with volumetric data re-entry and improves the accuracy and the speed at which information can be made available to pertinent stakeholders.
"I am elated to announce that Newalta, a very large Truck and Cleaning Plant Operator in Western Canada, has made the impactful and very positive decision to implement COTS internally and for their stakeholder groups. This is a huge milestone for Petrotranz â€" to finally have all the major Truck Terminal and Cleaning Plant Operators in the Western Canadian Basin adopting and implementing COTS to full compliance." says Paul Howard Johnson, President of Petrotranz Inc.
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) and the Liquids Transportation System (LTS) which are utilized to manage transportation and logistical information related to the 3 month crude oil and liquids lifecycle. Petrotranz launched the Petrotranz Data Exchange (PDX) in January 2014. PDX is a secure, web-based data exchange that makes volumetric and financial information available in an electronic format between relevant stakeholders (Terminal and Pipeline Operators, Shipper Marketers and Producer Operators).The Petrotranz Technology Platform is used by over 1100 companies managing over 97% of crude oil and liquids volumes in the Western Canadian Sedimentary Basin.
Petrotranz also provides volumetric and financial management industry services and actively serves as the COLC Administrative Manager and the ITC Invoicing Contractor.
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About Petrotranz
Petrotranz Inc. is a Calgary based technology company that has created a secure, easy to use, web-based communication and collaboration platform used to automate manual or inefficient processes in the energy industry. The Petrotranz Team consists of members that have significant first hand energy industry expertise as well as members that have extensive experience in building, delivering and supporting world-class commercial software applications and companies.