The Production accounting application performs reconciliation of the measured raw data and provides accurate data for daily production accounting and performance reporting. It provides reconciled data for daily, weekly and monthly reporting and provides key inputs for fiscal/revenue accounting. It also provides other tangible and non-tangible benefits such as loss minimization, quality giveaway minimization, etc.
Overview
Applications
Precise classification
Precise classification and reporting of accounted and unaccounted losses.
Accurate production
Accurate production data inflow for refinery profitability assessment.
Timely identification
Timely identification of stock losses occurring due to system leaks and faulty measurements.
Production metrics
The best source of input on production metrics to do an Actual Vs Plan LP retro analysis.
Challenges
Accuracy in data imported as garbage-in garbage-out.
Man hours wasted in tracking and resolving gross errors.
Ineffective communication between the yield accounting engineer and with other concerned staff.
Achieve tangible benefits for acceptance of the oil accounting system.
Application/scope of Oil accounting on the refinery-wide or unit-wide basis.
Accuracy in data imported as garbage-in garbage-out.
Services Offered
Consulting services
Consulting services to study the oil accounting system “As-is” and provide best-in-class solutions to improve instrumentation reliability.
Auditing
Provide solutions for auditing the oil accounting system and develop procedures to aid transparency and repeatability and gain refinery-wide acceptance.
Design reports
Design and establish “best-practice” standardized and customized reports.
Implementation
Implementation and support of production accounting tool.
Track gross errors
Deploy expert solutions to track and mitigate gross errors in complicated networks.
Tuning & maintenance
Tuning and maintenance of oil accounting systems to reduce daily and monthly imbalances to tolerant levels.