AssetBook ARO Manager is the first and only software application specifically designed for estimating and monitoring asset retirement obligations (ARO) in the Western Canada oil and gas sector. For exploration and production companies, ARO Manager provides SOC compliant transparency and assurance when monitoring and tracking liabilities for financial reporting.
ARO Manager, with its standardized cost model, was developed by experts in the field, combining government data, industry experience, and professional input. It ensures you have your customized data integrated with accurate and up-to-date public information, benchmarked against real-world operator records.
Estimating ARO is a critical aspect of financial planning for any oil and gas company. The hallmark of ARO Manager lies in its comprehensive “master” platform that ensures:
- Centralization of Data
- Efficient data access provides a single source of data and calculations, removing data versioning and silo-ing.
- Multiple departments have access and can contribute with ease and transparency
- Currency
- Data currency and reliability – custom inputs integrated with public/government data
- Scenario analysis made easy
- Changes tracked through time stamped change logs
- Customization
- Work with ARO Manager’s industry standard framework with the ability to customize input (cost models, discounts, etc.) to meet corporate requirements and analysis
- Comprehensive Reporting
- Smooth and transparent audit process – easily produce reports widely accepted by auditors and financial institutions
- Meets SOC 1 Type II compliance
VALUE for Financial Professionals working with ARO:
AssetBook ARO Manager gives you:
- Confidence
- Standardized Cost Model: Utilizes XI’s comprehensive cost model derived from actual abandonment, reclamation, and remediation data in the WCSB for precise ARO calculations.
- Auditor Reassurance: Offers comprehensive change records and SOC compliance, instilling confidence among auditors.
- Corporate Continuity:
- AssetBook ARO Manager seamlessly integrates ARO calculations and considerations with all other departments, eliminating data silos.
- The flow of data from finance to operations teams helps everyone make informed and impactful decisions.
- Control
- Time-savings (no more manual manipulations within massive spreadsheets)
- Better financial decisions and planning capabilities.
Our webinar features our seasoned experts who will share their insights, tips, and strategies for leveraging ARO Manager to its fullest potential. Get ready to gain a competitive edge and stay ahead of the curve.
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