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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