Abstract
This Energy Insights report is intended to help exploration and production
(E&P) industry executives quickly arrive at a short list of hydrocarbon
accounting application suppliers. Hydrocarbon accounting is a set of processes
and applications E&P companies use to allocate products such as oil, gas,
water, and specific gas components back to origination based on their
disposition. Hydrocarbon accounting solutions are critical for handling
production accounting, revenue accounting, joint venture accounting, production
sharing contracts, component allocation, liquefied natural gas (LNG)
operations, terminal operations, floating production storage offloading (FPSO)
operations, and deep-water operations. The report uses the Industry Short List
methodology and tool to compare hydrocarbon accounting offerings and the
vendors that provide these offerings.
According to Sekhar Venkat, Energy Insights' Energy Upstream Strategies program
manager, "This hydrocarbon accounting report is the cumulative result of a
seven-month study involving E&P companies and IT vendors. The report also
reflects a decade of experience in building field data capture, production
management, and hydrocarbon accounting solutions for E&P companies and will
enable industry executives to develop a short list of hydrocarbon accounting
application suppliers, saving them both time and money."
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