Oil and gas software maker Energy Navigator announced Tuesday it has opened an office in Brisbane to further support the company’s existing Australian oil and gas clients, as well as a growing number of Canadian and U.S. companies operating internationally, particularly within the Asia-Pacific region. While the announcement comes at a time when many companies are retracting, Energy Navigator sees this expansion as a strategic opportunity that will allow it to extend use of its software into more markets outside of North America.
“E&P companies everywhere are under extreme pressure to find operational efficiencies and to ensure they are more reliably evaluating and capitalizing on any opportunities that can help them weather the current low price environment,” commented Vice President of International Business Development Janet Tremblay. “No matter what region you are operating in, margins are extremely tight. We cannot over-emphasize the importance of basing decisions on the most reliable, accurate production forecasts, thorough economic analysis, and continuous monitoring and management of reserves and resources. Getting the fundamentals correct is what everyone is striving to do and our Value Navigator engineering and reserves system is renowned for this.”
In the past few years, the company has solidified business relationships with clients which include one of Australia’s largest E&P companies with annual production of over 54 million BOE, and a smaller producer with approximately 1.4 million BOE annual production. Besides proximity to existing clientele, Energy Navigator chose to locate its office in Brisbane because of that city’s growing importance as a centre for oil and gas business in the Asia-Pacific region.
The company will do business in the region as Energy Navigator Pty Ltd, and Ms. Tremblay has been seconded for one year as Managing Director to establish the office, and hire and train a local client service and technical support resource. Energy Navigator Pty Ltd is located at Level 10, 500 Queen Street, Brisbane, QLD, Australia, 4000. The office telephone number is +61 7 3222 3409.
About Energy Navigator
Energy Navigator produces two powerful, best-in-class software solutions for oil and gas. Val Nav is a highly accurate and easy-to-learn end-to-end forecasting, economics and reserves management system used by more than 300 E&P companies, banks, petroleum evaluation firms and consultants worldwide. AFE Nav is a secure, electronic AFE system that works on any web-enabled device to optimize AFE workflows, enhance capital management, and control spending. Our all-inclusive, concurrent licensing model includes skilled technical support, ongoing training and regular version upgrades, making Energy Navigator software an excellent value.
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