Quorum Software Announces Spring 2019 Release of MOSAIC

MOSAIC™ by Quorum Software further improves the industry’s best system for petroleum economics, decline analysis, reserves management, budget and planning, as well as capital management.

CALGARY, Alberta, May 29, 2019 – Quorum Software (Quorum), the leader in digital transformation for the oil and gas industry, announced the latest release for its MOSAIC™ reserves and economics software with added functionality and performance improvements. With over 100 customer- and market-driven enhancements, MOSAIC delivers greater accuracy, flexibility, and productivity to Quorum customers.

Key highlights in the spring 2019 release of MOSAIC (2019.1):

• Faster evaluations, at 1.4 times, working with multi-zone entities, at 3-4 times, and ring-fence calculations, at eight times.
• Greater efficiency with optimized batch processes and quicker data imports.
• Enhanced Type Curve and Project functionality for all produced and injected product types. Plus save time by adding multiple type curves to a project at one time.
• More effective sorting, filtering, and analysis of large data sets through the Composite Workbench.
• Multiple Entity Shift Mode to easily shift project, capital and forecast start dates for multiple entities and variable dates or time increments.

“It is important that we continue to expand our capabilities while also ensuring a superior user experience for our customers. This latest release makes dramatic improvements to performance – helping us continue to deliver a robust reserves and economics engine with speed to match customers’ need to act quickly in today’s global marketplace,” said John Pollock, MOSAIC Product Director at Quorum Software.

Quorum Canada will host a local customer luncheon in Calgary, Alberta on May 29th to discuss and showcase the updates made available with this release. In addition, Quorum members from across the organization will highlight organizational updates, product roadmaps, and provide insight into ongoing corporate initiatives to improve customer success.

MOSAIC delivers insight with all-in-one reserves management, petroleum economics, budgeting, capital planning, and decline analysis. More than 100 upstream companies rely on MOSAIC, the only integrated reserves and economics software proven to outperform legacy systems in operational efficiency, risk reduction and time to value. The latest release of MOSAIC is available now. Please contact Quorum MOSAIC support at Mosaic_Support@qbsol.com to arrange an upgrade. For more information on MOSAIC, visit quorumsoftware.com/products/reserves-and-economics.

About Quorum Software
Quorum offers an industry-leading portfolio of finance, operations and accounting software that empowers energy companies of all sizes to conquer their most complex business challenges. From the field to the back office, defying complexity is coded in our DNA and our software. This unmatched experience is why Quorum is the choice of eight of the largest public energy companies worldwide, 75 percent of LNG exporters throughout North America and 80 percent of all natural gas processed in the United States. Designed for digital transformation, the myQuorum software platform delivers open standards, mobile-first design and cloud technologies to empower innovation at the speed of thought. At Quorum, we’re helping visionary leaders transform their business, and the energy industry, for a digital world. For more information, visit quorumsoftware.com.