会计方案-天然气行业Hydrocarbon-Accounting-Solutions-for-Upstream-Oil-Gas.pptxVIP

KPOGCL JV Accounting SolutionsHydrocarbon Accounting Solutions for Upstream Oil GasMuhammad Munaf Head of Professional ServicesInfoTech Private LimitedGeorge TelfordSVP, International Business DevelopmentP2 Energy SolutionsWhat is Hydrocarbon Accounting?Identification, measurement, recording, verification and communicationof operational, volumetricand financial dataresulting from activities involved in the production, processing, transport, disposal and losses of hydrocarbons.2Why do we need it?Provide key information for day-to-day decision making in every area of operations from reservoir management to sales and marketing.Ensure correct sharing of production and costs with joint venture partners as well as proper entitlement to the state.Essential to ensure that the move towards a digital oilfield results in commercial optimization.3What is wrong with current processes?Lack of IntegrationInconsistent master dataRedundant data entryNo single source of truthOffline calculationsInherent errors with excel or manual calculationsPoor historical recordsErrors can lead to financial loss or disputeVisibilityPotential improvements may be lost due to lack of accurate and consistent informationGood information is required for proper planning and forecasting4HCA ScopeCalculation and allocation of volumes to the reservoirDetermination and tracking of ownership fromproduction to saleCalculation of royalties and production taxesDistribution of revenues and recovery of costs5Key Components to an HCA SystemShared master dataSingle source of data entryAutomated calculationsAuditable and verifiable resultsBased on industry standardsOpen architectureTimely availability of information6P2 Enterprise Upstream7P2 Applications Footprint8REPORTINGApplication RegulatoryMapsLease OperatingAd-Hoc QueryBusiness IntelligenceDashboardsLANDLease DataContractsDomain/PropertyCompany Owned LandsLease CostLease AcquisitionGISPRODUCTIONField OperationsElectronic Data ValidationVolume AllocationsSuppl