ASSISTUM NEWSLETTER ------- ISSUE 2 - September 2000
Assistum software used in drive to increase value of UK Oil & Gas reserves by £1 billion
A UK Government-backed initiative to increase the value
of declining North Sea Oil and Gas reserves by £1billion is focusing on collaboration
and the sharing of best practice throughout the industry. One of the key projects that has
emerged is the development of a best-practice methodology to increase the
value of development wells.
ASSISTUM’s knowledge management tools were chosen to support the application, and as a result of a successful prototype, ASSISTUM has been asked to complete a full production version of the decision model, Well Decision Navigator. Work has now begun, using Microsoft VBA for customisation and integration with the Intranet systems of companies involved in the scheme.
The
project is being managed for LOGIC,
(the Oil Industry's supply chain body) by Edinburgh-based decision analysis
and knowledge capture specialist TMX
Limited.
ASSISTUM model enhancements and VBA extensions are being subcontracted to
Assistum Limited. More details here.
Steve Brady of Conoco, Co-Chairman of the Steering Group, says that his company is already benefiting from valuable insights gained from the demonstration version.
CONTENTS
THIS ISSUE
Sharing best practice in the UK Oil & Gas Industry
The
Innovation Practice
Tax rules
e-consultant on reservoir complexity
CONTENTS
FUTURE ISSUES
VBA extensions
Ontoweb - a web of meaning
XML
Outsourcing
Useful links
Downloads
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The new UK Inland Revenue rules (IR35) are designed to discourage the practice of contractors working through service companies to reduce tax and National Insurance Contributions.
Assistum has encoded the new IR35 rules into a Knowledge Base to help contractors to assess their position. It provides a helpful discussion framework to consider a particular contract between worker and client, and helps the contractor come to an informed conclusion.
It is also an invaluable tool for accountants faced with making these assessments on behalf of their clients.
e-consultant on reservoir complexity
The Internet Version of Assistum is being used by RDS-Resource Ltd to provide a prototype e-consultant on petroleum reservoir complexity.
An interactive model (GEOFACTOR) is available at the RDS-Resource website together with instructions on how to use it. The work has been led by Alan James, Geoscience Director.
The Innovation Practice to use ASSISTUM
A board-level strategic consultancy, The Innovation Practice, is using Assistum software to help corporations make measurable improvements in their innovation capability.
The ability to innovate effectively, whether in new product development or improved business processes, is widely recognised as critical to long-term business success. The Assistum Innovation Knowledge Base helps managers develop a shared understanding of what needs to be done to enhance their organisation's ability to innovate and prosper. The software is available off-the-shelf.
However, for The Innovation Practice's primary service of board-level innovation audits and actions plans, the software is customised to support the issues in individual businesses. As a follow-up, the consultancy conducts periodic reviews (quarterly for a year) to ensure the client achieves successful implementation. For more details contact info@assistum.com.
The Assistum Innovation Knowledge Base is one of a number of business knowledge base templates supplied with the Professional Edition of the Assistum Knowledge Editor.
