YPF Selects Actenum RAS Software for Optimized Workover Scheduling

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YPF acquires second Actenum Rig Activity Scheduler (RAS) software license

“YPF’s decision to use Actenum RAS for scheduling workovers is based on their positive experience with RAS in drilling operations,” said Actenum’s CEO, Paul Maurer.

Actenum Corporation announces today that YPF S.A.—a subsidiary of Repsol YPF, S.A—has acquired a second Actenum Rig Activity Scheduler (RAS) software license for scheduling all pulling rigs and workover activities.

The second license builds on YPF’s success in using Actenum RAS to manage drilling scheduling, starting in 2008. For workover scheduling, E&P Operations will use Actenum RAS to automatically create schedules for over 200 activities per year, based on important technical and business constraints, such as well integrity, equipment availability, cost, and production output.

At the same time, YPF users will be better able to deal with operational changes and schedule disruptions by utilizing the software’s decision - support features to create and evaluate multiple scenarios before selecting the most appropriate course of action.

Deployment is expected to be completed in Q3 2010.

“YPF’s decision to use Actenum RAS for scheduling workovers is based on their positive experience with RAS in drilling operations,” said Actenum’s CEO, Paul Maurer. “We look forward to working with them in the coming months as they use our software to manage this challenging and critical area of their production operations ”

About Actenum Corporation
Actenum Corporation is a global software company that provides planning and scheduling solutions to the energy industry. By simplifying and improving production planning and scheduling, we enable our customers to enhance operational performance, and increase efficiency and profit.

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Owen Plowman
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