Introduction While accuracy is necessary for the proper operation of equipment for oil and gas producers, it is essential for reporting production, calculation of income, allocation, regulatory compliance, and decision-making.
Introduction Oil and gas accounting is rarely as straightforward as recording income and expenses. Behind every production figure is a network of wells, meters, facilities, ownership interests, production volumes, pricing
Ask anyone who has closed the books on a month-end production cycle in oil and gas, and they’ll tell you the same thing: the hard part isn’t the math; it’s
Every barrel of oil and every cubic foot of gas that leaves a wellsite eventually gets reduced to a number: a BTU value, a sulphur content, a dew point. Those
Oil and gas operations cover large areas that can be hard to reach. Drilling wells, pipelines, production stations, compressors, metering devices, and processing equipment can work many miles away from
Oil and gas firms need to coordinate field services over large geographical distances. Well inspections, testing, calibrations, data gathering, and other routine maintenance may be required. It can be tough
Facilities in oil and gas consist of numerous pipelines, meters, valves, vessels, separators, pumps, instrumentation and many other pieces of equipment. Knowledge of interconnections between those elements is crucial for
Introduction Anyone who works in the energy industry knows the importance of accurate laboratory testing services. Energy is one of the most crucial resources. However, along with being crucial, it
Introduction Modern oil and gas organizations don’t only have to deal with high-value material, but also high-quantity data. They produce a vast amount of production, measurement, and financial data on
Given the current pace of industrial activity, it has become impossible for enterprises to depend on inspection visits or delayed reporting systems for managing their business processes. When an enterprise
