Visual MESA Production Accounting

Visual MESA^® Production Accounting

Visual MESA Production Accounting delivers BEST-IN-CLASS Production Accounting by integrating engineering knowledge with expeditious yield accounting techniques creating the single version of the truth serving as the foundation of the facility’s hydrocarbon balance and loss control initiatives by automating the capture, balance, and tracking of complex-wide systems to increase efficiency and reduce operating costs.
Visual MESA Production Accounting provides all Mass Balance applicability in one tool, assisting users with the calculation of their site-wide, unit-wise, monthly, daily, hourly mass, volume, energy balances, in a collaborative environment from operations to the business.

 

Customer challenges

Oil & Gas operators have huge value potential from their existing information. However, they currently lose thousands of dollars regularly due to the challenge of managing, tracking, and sustaining site-wide accounting data. The complex processes, poorly integrated workflows, lack of accurate information, and the associate costs for maintenance all play a factor in downgrading the value of production accounting as inefficient practices turn this into a tedious effort. Companies marginalize this activity to “only an admin task”.
By adopting accounting best practices to expedite the tasks together with incorporating engineering knowledge beyond the yield accounting methodologies, companies can maximize the value that can be extracted from the reconciled balance data.
The cost of ignoring this is a missed opportunity for improving both the operations and the business decision-making processes.

Visual MESA Production Accounting promotes and supports a set of practices following BEST-IN-CLASS production accounting.

Figure out whether your company is following Best-In-Class Production Accounting:

•  Is your Production Accounting an admin task only?
•  Is your Production Accounting run as a set of mandatory tasks for monthly balance closure?
•  Does your company create new operations and business value out of the reconciled balance results?
•  How many “pieces” form your full production accounting process?
•  Is our paper accounting getting in the way of your physical accounting and operations?

 

Our solution

Visual MESA Production Accounting helps solve the issues above by delivering BEST-IN-CLASS approach creating time and the context to use the high-quality reconciled balance data for better opportunities. How we do it:

•  By providing a holistic solution (end-to-end) for the whole production accounting business process from data capture, though validation, data exposure and further analytic contexts. This guarantees the larger visibility during the whole process.
•  By delivering expeditious procedures that guarantee refinery-wide daily long-term sustainability.
•  By integrating engineering knowledge and as built-in context/functionalities to maximize the value of the reconciled balance data.

 

Key Features and Differentiators

All-in-one system
 

•  Oil movement management

  

   

• Inventory management

  

   

•  Process unit balance

  

   

• Library of +40 standard reports + Report Designer

  
• Powerful gross error detection
• Connectivity to virtually any system (historians, ERPs, etc.)
• Audit Manager

 

Benefit

1. As opposed to multiples systems, this makes sure data consistency, visibility and control through the whole accounting process generating better quality unique version of the truth.
All in one system also means one vendor, less maintenance, better support.

• Clear proven direction towards leveraging cloud/digital resources
• Best-in-class mass balance data reconciliation algorithm
• Best-in-class analytics
• SME’s support for both software and business processes
   

2. All this guarantees better quality data and expeditious procedures and hence long-term sustainability. The biggest value proposition of good mass balances is around the building of accurate models.  As we transition into AI/ML surrogate models, the ‘true’ mass balance will drive correct optimization decisions from these models.  The ML models will rely on good mass balances to find the global optima that may be far away from current operation.  The further they are away from optima, the more magnified the error will be without good mass balances.

• Integrated workflow with KBC’s scheduling solution
• Composition Tracking
• Pipeline Tracking
• Planning Tracking
• Hydrocarbon loss tracking
• Tank evaporative emissions
• Metering system quality tracking
• Crude oil traceability
• Mass, volume, and energy balance (hydrocarbon and utilities)
• Balance Monetization

3. All this guarantees that the high-quality reconciled balance data generated will be used for further engineering analysis rather than the accounting process is downgraded to only an admin task. This intends to maximize the value out of the unique version of the truth supporting correct decision-making processes.

 

Value proposition

• Data consistency, visibility and control through the whole accounting process generating better quality unique version of the truth to support all decision-making processes
• Only one vendor for the multiple “pieces” that form the production accounting business process
• Expeditious procedures to support long-term sustainability
• Better quality and timely reconciled balance data to improve decision making processes
• Maximization of the value of reconciled balance data through built-in context/functionalities and the integration on engineering knowledge
• Improved LP based on site wide model feedback.

 

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Visual MESA Production Accounting