We are thrilled to introduce MOSAIC 2024, the latest version of our industry-leading reserves management, planning, and forecasting software. Our continued commitment to innovation and our clients' success has led to the development of powerful new features that streamline operations, improve workflows, and give you greater control over your data.
Key Features in MOSAIC 2024
MOSAIC 2024 introduces a host of enhancements designed specifically to address your evolving needs in reserves management, production forecasting, and planning. Here are the key updates:
1. Custom Cash Flow Report
MOSAIC 2024 introduces a highly configurable custom cash flow report option available for the United States and Canada. This single-page report allows you to display precisely the information you need.
2. Customizable Workbench Layouts
One of the most anticipated features is the ability to create new layouts for the evaluation and composite workbenches. These layouts can be customized for personal use or shared across the schema, enabling unique groupings and custom ordering of existing tabs to suit your workflow.
3. Simplified Sidebars and Menus
Boost your efficiency by streamlining the sidebar and various menus to display only your most frequently used functions. This feature allows you to configure the Application Hierarchy, Tree, Search Library, Vintages, and Search Sidebar, and the right-click menu in the Evaluation and Composite workbenches.
4. Enhanced Operating Costs Input Management
Hide any operating costs you do not wish to display in the interface. These hidden costs will not be available for mapping in the Bulk Data Updater, streamlining your view and reducing clutter.
5. Improved Historical Data Management
A new History Cut-Off option allows clients to set a specific cut-off date for historical data, reducing the risk of including values from production updates during critical reporting or reconciliation periods.
6. Bulk Data Updater Enhancements
The admin file imports Bulk Data Updater now allows vintages to be updated via a dropdown menu.
7. Faster Data Exports for Large Datasets
Other improvements include setting the default date to the effective date of the current case, enhancing the entity UUID list for the Reserve Detail loader, and introducing a new "Export Monthly Volumes" option under the Export Data menu, which significantly improves performance for large datasets.
Tailored Enhancements for Canadian Clients
MOSAIC 2024 includes specific updates to address the unique regulatory requirements of our Canadian users:
Alberta Royalties
Users can now pull MRF parameters from the Entity DNC Attributes tab, improving ease of use for Alberta’s royalty calculations.
British Columbia Royalties
We’ve integrated updates related to the British Columbia New Royalty Framework (BCNRF), ensuring your operations remain compliant with evolving regulations. To learn more about how MOSAIC can help you navigate these changes, read our blog post, Navigating British Columbia's New Royalty Framework (BC NRF) Using MOSAIC: Webinar Recap and Key Insights.
Saskatchewan Royalties
MOSAIC 2024 adds functionality to account for Saskatchewan’s new incentive for multilateral horizontal oil wells, allowing users to select the incentive type and input the number of laterals.
Why Upgrade to MOSAIC 2024?
MOSAIC 2024 continues to deliver on our promise to provide cutting-edge tools for oil and gas engineers, offering improved data management, customization, and regulatory compliance. These enhancements are designed to optimize your workflow, reduce complexity, and give you more control over your operations.
For a complete list of all updates and improvements, please refer to the release notes in the online help section.
Stay Connected with MOSAIC
Your feedback drives our continuous improvements. If you have any questions or suggestions, please reach out to your MOSAIC Client Support Manager or contact our support team at MOSAIC_support@omnirasoftware.com. We look forward to hearing from you and continuing to build the tools that empower your success.
