CALGARY, February 16, 2015 – Aucerna (Formerly 3esi-Enersight) Corporation, a leading provider of integrated petroleum planning software, is entering a challenging year for the industry from a position of strength after a year of growth in 2014. Last year, the company grew revenues by more than 50 percent for the third consecutive year.
“Even before the oil price drop, the energy industry had an increasingly acute focus on efficiency,” said Neil Buckley, President of Aucerna. “That focus has only intensified in 2015. Now beyond latest estimates, profitable decisions for this year hinge on having visibility into your operations and development plans, along with financial insight on strategic decisions when deploying capital. That’s 3esi-Enersight’s focus.”
The company launched the industry’s first cloud-based petroleum planning system in 2005, three years before the oil and gas downturn in 2008. Lessons from that period suggest that usage of 3esi-Enersight will be extremely high in 2015 as oil and gas companies seek to make capital-efficient decisions by running the economics of alternate development scenarios – and rerunning those scenarios.
Major E&P companies including Shell, BP and Conoco use Aucerna software. In 2014, Chevron signed on with Aucerna, and the implementation is another joint project with Accenture, a valued partner of Aucerna. CONSOL, Cimarex and Sinopec also joined as new clients last year.
Looking ahead, Aucerna is focused on supporting the capital efficient decisions of a growing global client base, helping each client adapt to oil price impact and seize opportunities in 2015.
Aucerna is the energy industry’s leading provider of solutions for integrated planning, execution and reserves. Today Aucerna is a global source of technology and expertise for the energy industry, serving more than 500 customers from 12 global offices. Aucerna proudly serves the industry’s largest base of customers, from super-majors and emerging operators to energy investors, consultants and education institutions. Aucerna solutions are deployed in every region of the globe, helping companies make better investment decisions by connecting the people and the data of the modern energy industry.