This professional course covers hydrocarbon measurement, reconciliation, allocation, data management, inventory management, production planning, commercial analysis, and reporting. The course is designed to help the participants gain deeper insights into hydrocarbon accounting issues and possible approaches to tackling the issues. The course is well structured and covers all the domain input needed to operationalise effective hydrocarbon accounting for upstream, midstream, and downstream petroleum operations.
Accurate tracking of hydrocarbon streams and ownership is essential to the value realisation of the oil and gas business. Hydrocarbon production data may originate from many sources with different equity holdings since infrastructure sharing is standard practice in the petroleum industry. Accounting for hydrocarbon quantities from all the contributing sources is essential for the optimal financial performance of oil and gas assets. But the functional requirement of the hydrocarbon accounting team goes beyond just handling data. This course emphasises why the hydrocarbon accounting team should understand the science behind the data and its uses to ensure data quality. The course also helps other departments that use the data reported or those who supply data to the hydrocarbon accounting team to see the criticality of the hydrocarbon accounting processes to the company's revenue profile.
Expected learning outcomes
On completing the course, participants should be able to:
• Analyse production data and carry out data validation correctly
• Produce a timely and accurate production allocation report that is traceable and auditable
• Effectively engage metering engineers, production operation, and subsurface team to ensure consistent data reporting
• Analyse the effect of third-party injection on allocation results and make suggestions to relevant departments
• Produce accurate oil and gas nominations consistent with overall company objectives
• Analyse emission allocation and produce a report for facility emissions to meet regulatory requirements
• Analyse sources of uncertainty in production allocation and loss accounting, especially in commingled production involving the third party
Overview static measurement
Shore tanks and marine vessel tanks fiscalization
Who should attend?
The course is suitable for production accountants, process engineers, metering engineers, production engineers, reservoir engineers, regulators, pipeline schedulers, and commercial people with oil and gas companies.
The course will be delivered using modern methods, including presentation, discussions, case study analysis, and simple calculations will be implemented in MS excel flowsheet.