3esi-Enersight, the energy industry's provider of solutions for integrated strategy, planning and reserves has acquired Aclaro Softworks Inc. (Aclaro), creators of corporate reserves system – petroLook.
The acquisition of Aclaro further affirms 3esi-Enersight's Reserves Management solution as the oil and gas industry's best choice for Integrated Reserves Life-cycle Management, the firm said in a statement.
petroLook is a web-based, scalable and fully configurable Corporate Reserves Management System featuring direct data integration, ad-hoc reporting, and a robust security model. petroLook provides customers with flexible reconciliation options, full audit trail and compliance reporting and automated workflows that ensure company reserves processes and results are consistent, accurate and repeatable.
“Aclaro’s talent and experience are a perfect addition to our growing team and petroLook is a superb fit into our product suite as 3esi-Enersight expands our reserves management capabilities for complex, international oil and gas operators," said Wayne Sim, CEO of 3esi-Enersight.
"Aclaro has always been on the cutting edge of innovation," said Aclaro founder and CEO, Christoph Faig. "Our solutions have evolved with the industry over the past two decades and are currently relied upon to manage billions of barrels of reserves in companies that range from small independents to Super-Majors."
Christoph added: "As part of the 3esi-Enersight team, we will integrate our internationally trusted corporate reserves software into a complete reserves life-cycle management system."