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Production Accounting - Enabling Production Optimization and ERP Integration
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by Timur Faroukshin and Joel N. Martin
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List Price: $4,500.00
$4,500.00
At Amazon
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Format: Adobe Reader PDFPrintable: Yes. This title is printableMac OS Compatible: OS 9.x or laterWindows Compatible: YesHandheld Compatible: Yes. Adobe Reader is available for PalmOS, Pocket PC, and Symbian OS.
Digital: 11 pages
Publisher: IDC Research January 10, 2007
Product Description
This Energy Insights report presents the opportunities and challenges for business process improvement in production accounting in the oil and gas industry. In addition to providing the vital link between enterprise resource planning (ERP) financials and production management applications, production accounting software can provide significant insight into production operation logistics by determining the quality and quantity of hydrocarbons produced from individual oil and gas wells. Production accounting–related business intelligence can therefore be employed for production optimization as well as for accurate computation of future reserves and production rates through decline curve analysis.
According to Sekhar Venkat, research manager, Energy Upstream Strategies, "There are significant inconsistencies in production accounting business practices within and across oil and gas companies regionally and across the world. Vendors are therefore challenged with creating packaged solutions that cater to multiple end-user functional needs. In light of oil and gas industry trends toward globalization, centralization, and consolidation, successful production accounting market players in the future will likely rely on strategic partnerships and technological innovation in workflow."
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Production Accounting - Enabling Production Optimization and ERP Integration
List Price: $4,500.00
Available from Amazon
Price: $4,500.00
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