Petrotranz announces contract with Penn West Energy Trust
CALGARY, AB, Canada (September 15, 2009) - Petrotranz Inc., announced today that Penn West Energy Trust (Penn West), North America's Largest Conventional Oil and Natural Gas Producing Income Trust, has signed an agreement to use its Software-as-a-Service (SaaS) based Crude Oil Transportation System (COTS).
Under this agreement, Penn West has implemented the Petrotranz COTS Facility Portal to help manage their pipeline assets. COTS allows producers, facility operators (pipelines, truck terminals, cleaning plants) and marketers the ability to forecast shipping volumes, capture production information, reconcile delivered quantities, and complete and submit delivery forecasts online each month. Preceding this agreement, Penn West was already a committed Petrotranz customer utilizing the Petrotranz COTS Producer Portal since September 2008.
"We are extremely pleased to have Penn West on our system", says Ron Gagnon, President, Petrotranz Inc. "As North America's largest conventional oil and natural gas producing income trust, Penn West is an excellent example of an enterprise company adopting Petrotranz to improve operational efficiencies benefiting their stakeholders and customers. Petrotranz COTS is the first step in providing a communication & collaboration platform that improves the efficiencies between all stakeholders of the crude oil industry."
Petrotranz Inc.'s Crude Oil Transportation System (COTS) is the first secure, easy-to-use, web-based communication and collaboration platform that streamlines the manual processes and documentation required in the transportation of crude oil from wellhead to market. Petrotranz COTS provides Producers, Facility Operators (pipelines, truck terminals, cleaning plants) and Marketers the ability to forecast shipping volumes, capture production information, and reconcile delivered quantities to complete and submit delivery forecasts online each month.
To learn more, please contact:Dallas Smith Petrotranz | VP, Operations 403.984.0861