The Preliminary Specification Part CCCXVI (PA Part XXXVI)
It has been the tradition in the oil and gas industry that people who work in the field are charged directly to the Joint Operating Committee or joint account. When people are located in the head offices, such as the geologists and engineers, they are covered by the overhead allowances that the operator is able to charge to the joint account. What is different in the People, Ideas & Objects Preliminary Specification is that we have addressed the long term shortage of the technical resources of the engineers and geologists. We have done this through what we call the pooling of these resources by the participants in the Joint Operating Committee. Requiring that we charge these resources directly to the Joint Operating Committee irrespective of which producer firm the resource originated from. This enables the costs of the operation to be accurately captured, the producer to recover their costs and the resources needed for the property to be sourced from any of the producer firms that has the appropriate geologists or engineers for the task.
In the Partnership Accounting module we will have the ability of any producer within a Joint Operating Committee to charge a resource for the hours they have spent on a task. We have also developed the means in which the Joint Operating Committee can manage these resources once they have been made available. It is here when the Military Command & Control Metaphor (MCCM) comes into play that these resources are adopted when and where they are required. There has to be someone who is designated in command of the work that is being done and the resource can be put to good use immediately. Otherwise some producers would just charge their staff out all the time. Review of the Security & Access Control module will show the extensive use of the Oracle Identity and other products that are used there. These are the base in which we will build the MCCM.
In addition to the Oracle Fusion Application Financial Management Suite General Ledger, Accounts Payable and Accounts Receivable modules we will be using the Oracle Fusion Application Human Capital Management Global H & R Payroll module. There the costs of the resources can be billed out to the joint account at their actual costs. Technically it will need to be worked out how each producer is able to charge the joint account for these costs. However, that does not present too difficult a task when we have the control being handled through the Joint Operating Committee and the MCCM.
The ability of each producer to have the just-in-time capabilities to deal with all of their earth science and engineering demands in-house is diminishing. Building individual silos of capabilities was possible when there was an abundance of these resources. Now with a diminishing supply the ability for each producer to maintain their own silo creates unused and unusable industry wide capacity that needs to be unleashed. This is also creating overall shortages of these key resources. With this proposed solution, and with each producer pooling their resources, this unused capacity is freed up and used enabling the overall industry capacity to increase from the same resource base. The impediment to this happening is the ability for the costs to follow the producers commitments, and command & control of the Joint Operating Committee. By using these technologies, in this manner, the innovative oil and gas producers and Joint Operating Committees are able to pool their technical resources and increase the volume of work conducted within the industry.
For the industry to successfully provide for the consumers energy demands, it’s necessary to build the systems that identify and support the Joint Operating Committee. Building the Preliminary Specification is the focus of People, Ideas & Objects. Producers are encouraged to contact me in order to support our Revenue Model and begin their participation in these communities. Those individuals that are interested in joining People, Ideas & Objects can join me here and begin building the software necessary for the successful and innovative oil and gas industry.
Please note what Google+ provides us is the opportunity to prove that People, Ideas & Objects are committed to developing this community. That this is user developed software, not change that is driven from the top down. Join me on the People, Ideas & Objects Google+ Circle (private circle, accessible by members only) and begin building the community for the development of the Preliminary Specification.
The Preliminary Specification is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for People, Ideas & Objects products remains at the sole discretion of People, Ideas & Objects.