The costs of unreliable data

In a recent survey we carried out, (download the report here), we asked professionals involved in Hydrocarbon Accounting (HCA) how confident they were in their data. Around 65% said that they were “not at all” or only “somewhat” confident in the data they were using as input to the hydrocarbon allocation process. This situation is problematic, given that allocation is all about determining the division of ownership of hydrocarbon products, and that mistakes can have a real and substantial financial impact. Inadequate systems and processes can make it difficult to manage routine issues like mismeasurements, and initially small problems can give rise to a cascade effect with consequences that are difficult to unravel. A failure of compliance is not the least of the potential problems.

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Apache Run EnergySys for Production Reporting on Forties and Bacchus fields

Apache North Sea are now using the EnergySys Production Allocation Cloud on their Forties and Bacchus fields in the UK North Sea.

Ross Littlewood, Production Engineering Team Lead for Apache, talked to David Petherick about why they selected their production reporting solution, and how the project was implemented.

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EnergySys Announce New Pricing Model

EnergySys have announced a new pricing model for the Production Allocation Cloud. David Petherick spoke to Managing Director Peter Black about how this model works, and how it will affect new and existing customers…

1. What’s new, Peter? Can you outline the new pricing model for EnergySys?

We want everyone to enjoy the benefits of the cloud services available at energysys.com, including Production Reporting and Production Allocation. 

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EnergySys delivers corporate reporting in the Production Allocation Cloud

Dr. Esther HayesDavid Petherick, Head of Marketing, talked to Dr. Esther Hayes, Operations Director at EnergySys, about how one of our customers is using the EnergySys Cloud platform for Corporate Production Reporting.

 

1. What is corporate reporting?

What we are referring to is reporting across a number of corporate assets – typically an asset will have its own production reporting system with its own allocation logic – but for corporate purposes, you need to present all the assets in a single report, with rolled-up figures, in order to see the big picture. It’s a top layer of reporting, for use by the corporate executive teams who are charged with running the business.

2. How did our customer realise they could carry out this process using our software – surely it’s for production allocation? 

In any production allocation and reporting situation, you get a lot of data, and this particular client had a number of assets in different countries, which used different reporting systems from various suppliers. They wanted a way to reliably report production data drawn from all of their assets to the corporate entity. Because the EnergySys platform is inherently designed for flexibility and customer configuration, it can receive data from other systems. So while some of their assets use the EnergySys Production Allocation Cloud to manage their production allocation, we can also take data from other production reporting software.

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Why low cost is not enough

In a recent posting to LinkedIn, comments from an oil company contact were reported to the effect that high levels of investment in hydrocarbon allocation systems were unsustainable. The poster invited people to consider whether it was time to concentrate on value for money. I won’t link to the post, partly because it was on a closed group, but also because I wanted to focus on the general issue that it raises, rather than the specifics of the post.

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EnergySys Provides Production Allocation for Ithaca Beatrice

EnergySys Limited are pleased to announce that Ithaca Energy (UK) Limited have selected the ENERGYSYS online service for the production reporting and hydrocarbon allocation for the Beatrice field.

EnergySys is the most advanced product for hydrocarbon allocation and production reporting available today, and is designed to make it easier and faster to manage and deliver asset information.

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Aberdeen’s First Hydrocarbon Allocation Forum Judged a Success

The First Hydrocarbon Allocation Forum, organised by EnergySys Limited and held at the Aberdeen Exhibition and Conference Centre on 21 March 2007, proved to be a great success. The sold-out event had an audience of over thirty key industry personnel who were greeted with lunch and an excellent talk by Peter Mills-Baker, Principal Operations Engineer for National Grid, on NTS operations.

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