| Highlights |
Single platform audit trail streamlines and supports regulatory reporting
to industry, environmental and securities bodies.
Scalable and integrated platform grows with the enterprise, extending
to multiple functional areas and adapting to physical changes in assets.
Matrikon Production Management was chosen by four Alberta oil sands
producers.
|
Edmonton, Alberta - May 7, 2007
Matrikon (TSX:MTK) is pleased to introduce Matrikon Production Management, the first end-to-end production management solution for oil sands developers. Matrikon Production Management tracks all product volumes as they move throughout the hydrocarbon supply chain to enable superior production intelligence and a fully auditable, seamless reconciliation across the process: from mining, extraction and SAGD (steam assisted gravity drainage) to upgrading and custody transfer.
Matrikon Production Management integrates disparate processing methods and applications, providing the appropriate context to information while supporting the unique requirements of management, accounting, environment, health & safety, engineering, maintenance and operations personnel.
"It is very difficult to measure something that is continually transforming through different stages of the process, and when revenue is based on volume, accurate volumetric information is critical," stated Neil Baron, Director, Oil & Gas Verticals at Matrikon. "Matrikon Production Management is a proven platform for integrated, auditable information. It supports operational excellence and compliance initiatives by providing a complete and accurate view of operations and processes."
Through this integrated platform and personalized information, oil sands producers can realize gains in efficiency and production while improving decision making and significantly reducing back end effort to aggregate information from niche applications and manually entered information.
Matrikon Production Management has been proven through deployments and current implementations at various oil sands operators, including SAGD, upgrading and mining organizations.
About Matrikon
Matrikon is a leading provider of industrial intelligence solutions that enable manufacturing plants to achieve operational excellence by transforming production data into knowledge to predict and prevent problems and optimize operations. Matrikon's customers achieve agile operations through the combination of external market and plant data to make informed, intelligent decisions in real-time. With offices in major cities throughout North America, Asia-Pacific, Europe and the Middle East and a global client base including industry leaders in a wide range of process industries, Matrikon's reach is global.
Matrikon is a trademark or registered trademark of Matrikon Inc.
For more information, contact:
Nicole Sayler
Corporate Communications & Investor Relations
780-945-4010
nicole.sayler@matrikon.com