So ‘Brexit’ happened. The UK has spoken and voted to leave the EU. With 17.4m votes, 51.9% were in favour of leaving compared to 48.1% who wanted to remain. Regardless of how you voted (or not), it’s a huge decision and one that is dominating the news, social feeds and conversation on the street. Once…Details
In my last post, I discussed the origins of our company, what motivated us, and the problems we were trying to address. I discussed our primary driver as the belief that it had to be possible “to do it better.” As the company evolved, nowhere was this need for improvement more evident than in oil and gas software, but the path wasn’t easy.Details
We run a cloud service for oil and gas. Our goal is to grow organically, and to grow profitability not staff numbers. We value a high degree of autonomy, and we operate entirely virtually. We’ve been extensively using cloud services to run our business for over ten years, and now virtually everything we do, from mail and calendar to accounting and document management, is done in the cloud.
However, we didn’t start out that way.Details
In my last blog post I mentioned performance improvement. It’s a buzzword that frequently appears when researching software systems for the oil and gas industry, but what exactly does it mean? To me, Performance Improvement is a blanket term for a range of important issues, ranging from operational efficiency, to automation, and data integration. However, the…Details
As the year draws to a close, we’re delighted to announce the last Hydrocarbon Allocation Forum of 2014.
Its been an action-packed year and we’ve had some great speakers and topics join us at the forum over the last 12 months. We’re confident we’re not going to let you down with this one either!
Join us at 12pm on the 10th of December at the Hilton Aberdeen Treetops for a networking lunch followed by our usual presentations.Details
At our regular Hydrocarbon Allocation (HA) Forum in Aberdeen yesterday, we had a terrific “state of the union” presentation by Laurence Ormerod, Consultant and Project Manager for the PRODML standard. By the way, if you don’t attend our HA Forums then you might want to check out our website for details, and sign up for our mailshots. They are intended to be deliberately free from sales messages, and are generally held in Aberdeen at breakfast or lunchtime.
Laurence provided a really good summary of the history of standards development for production data.Details
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.Details
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.Details
Download Peter Black’s whitepaper
Enabling business agility with Production Allocation in the Cloud
- How the cloud can help you be more agile in managing production reporting and production allocation
- How to do data integration in the cloud
David 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.Details