You deserve better: the future of Hydrocarbon Accounting

Just like every other part of your business, Hydrocarbon Accounting (HCA) is more efficient and produces better results when it is tailored to your requirements. However, with traditional systems like Energy Components these customisations present users with problems right from the start. Implementation requires a team of developers and technology experts, and these same highly skilled individuals are required every time a change is needed, or the software requires an upgrade. When you have to ask Accenture to do the upgrade for you then you know you’re in trouble! This type of customisation means that you have lost the benefits of a product: there’s no clear separation between the core software and your solution.

This is not simply a problem with production reporting and hydrocarbon accounting. It is a pattern repeated across the oil and gas sector. Continue reading “You deserve better: the future of Hydrocarbon Accounting”

Digital Transformation in Hydrocarbon Accounting

Efficiency is vital in the oil and gas industry, and operators are constantly on the hunt for a competitive edge as they seek to produce hydrocarbons as cost-effectively as possible. This drive for efficiency has seen the industry shift towards automation that reduces human error and cuts costs. This change is particularly evident in mature plays such as the North Sea and the US onshore, where cost constraints are such that more and more must be done with fewer and fewer staff. Continue reading “Digital Transformation in Hydrocarbon Accounting”

EnergySys Welcome Chrysaor to Their Expanding Clientbase

EnergySys Ltd is delighted to announce that Chrysaor has joined the rapidly growing number of oil and gas companies who use the innovative EnergySys Cloud Platform to manage their production data.
The contract was executed in July 2017, and will see Chrysaor use EnergySys to deliver hydrocarbon accounting and production reporting for the North Sea assets they recently acquired from Shell. They are predicted to go live for September 2017.
Continue reading “EnergySys Welcome Chrysaor to Their Expanding Clientbase”

Incremental Improvement

I recently attended an Oil & Gas UK Business Outlook Breakfast Briefing, where the phrase of the day was ‘cautiously optimistic’.

We’ve seen in the news that North Sea operators are reviving, the biggest story being the recent Hurricane Energy discovery near Shetland. The briefing figures showed that unit costs are down and profits/projects are on the rise. People seem to be getting better at doing more with less. Continue reading “Incremental Improvement”