Apache Corporation modernizes reserve management process with Omnira’s MOSAIC

World Oil Staff December 13, 2022

(WO) — Omnira Software, the creator of MOSAIC, the market leader in providing solutions for reserves management and petroleum economics, announces that Apache Corporation, a global leader in the exploration and production of oil and natural gas, has selected MOSAIC to modernize its reserve management process.

Omnira's commitment to MOSAIC’s performance, platform flexibility, implementation expertise, and client support were key aspects of the decision. MOSAIC's intelligent framework will enable timely access, collaboration and decision support to Apache stakeholders and management in crucial decision-making activities and reserves reporting.

"We expect MOSAIC to play a significant role in streamlining our reserves reconciliation processes and make our business more efficient," said Mark Bender, Apache Corporation's Director of Reserves.

"Apache is an early visionary, identifying the need for a value chain-centric solution to optimize important workflows and enhance efficiency," said Francisco Gomez, CEO of Omnira Software. "We are excited to be working with Apache and are confident that MOSAIC's comprehensive, single solution and unmatched SLA-driven client support will support Apache's requirements."

To standardize and digitalize its workflows for economics and reserves management, Apache envisioned a unified, innovative approach to handle multiple and varied workflows of the value chain in one software platform.

Based in Houston, Apache Corporation explores for and produces oil and natural gas in the U.S., Egypt, and the U.K.



Connect with World Oil
Connect with World Oil, the upstream industry's most trusted source of forecast data, industry trends, and insights into operational and technological advances.