Calgary, Alberta – September 30, 2024 – Omnira Software, a leading provider of software solutions for exploration and production (E&P) companies, has released updates to its MOSAIC platform in response to changes in the BC New Royalty Framework (BCNRF) announced by the British Columbia government on August 30, 2024. These updates, now available in MOSAIC versions 2024.3 and 2023.7.0.1, are designed to help clients navigate new regulatory requirements and maintain compliance.

The BCNRF changes introduce new rules for royalty calculations, directly affecting oil and gas companies operating in British Columbia. Omnira Software’s MOSAIC updates ensure that E&P companies can seamlessly manage reserves, forecasts, and economic scenarios within the revised framework.

Jubril Azeez, Product Director at Omnira Software, emphasized the value these updates bring to clients: "The new MOSAIC updates are tailored to address the latest BCNRF changes, enabling our clients to stay compliant without disrupting their operations. With these updates, users can quickly adjust their economic models and maintain optimal efficiency under the new royalty rules. We're committed to supporting our clients every step of the way."

Key Features of the Update:

• Latest BCNRF Revisions: MOSAIC versions 2024.3 and 2023.7.0.1 fully integrate the latest BCNRF rules. Clients should assess which version best meets their operational needs, considering factors such as Deep Gas Remaining benefits and workflow requirements.
• Support and Documentation: MOSAIC 2024.3 will be available starting September 30, 2024, with a comprehensive user guide and additional resources accessible via the MOSAIC Help site.
• Client Support: For assistance with the updates or guidance on transitioning, clients can contact Omnira’s support team at mosaic-support@omnirasoftware.com.

About Omnira Software

Omnira specializes in software solutions for the oil and gas industry to help exploration and production (E&P) companies make better capital investments and operations decisions. Its solutions support critical E&P processes, including reserves management, planning, and different engineering and operations processes. Omnira's solutions deliver efficiencies, confidence in the data, and insights for E&P companies to develop their hydrocarbon resources, maximizing shareholder value that attracts investment capital.

For more information on the MOSAIC updates or to request support, please contact Silvia Plazas at splazas@omnirasoftware.com.