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Latest Release from EnergySys

At EnergySys we believe in constant research and improvement, its one of the reasons we do regular releases with many new features aimed at helping our users do their job. With one significant release already this year, we’re delighted to share with you our latest release – welcome Release 5!

Known internally as ‘Lightning’ thanks to its improved performance, we wanted to share with you some of the benefits

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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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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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