Production reporting is often a major challenge for smaller operators, and the lack of appropriate and cost-effective tools causes issues with data management, auditing, and change control.
There can be significant effort involved in loading and checking data, carrying out the allocation from platforms to fields and wells, and issuing reports to partners and management. This work probably has to be done daily and monthly, with reconciliations as third-party data is received.
Having acquired mature assets in the North Sea, Ithaca Energy had to decide how to implement
a solution for production reporting and allocation, and after reviewing the available options they decided that ENERGYSYS offered the ideal combination of functionality, price and accessibility. With no need to purchase expensive hardware or software, they could get started immediately. As knowledge of their new assets developed they were able to make a number of significant changes quickly and cost-effectively.