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Vedang Production Database Management System

PDMS is a Production database that captures and manages the following information:

  • Production Database of Oil & Gas fields/blocks
  • Database for CAPEX and OPEX of each block/field
  • Online reporting of all PSC compliance
  • Management of Production sharing contracts capturing PSC definitions-Cost Recovery, Profit Oil/Gas, Division of Interest and Royalty, Partners Entitlement and Lifting etc.
  • Tracking of Budget
  • Tracking of Joint Management committees approvals
  • Calculation of Cost & Profit Petroleum
  • Calculation of Investment Multiple
  • Accounting for Government share of profit Petroleum in Kind or cash
  • Hydrocarbon accounting of each unit of Hydrocarbon produced
  • Computation of Profitability up to well level
  • To calculate Profit Petroleum Payable to GOI before the beginning of the quarter and before the end of the quarter based on actual sales