Best Practices in Hydrocarbon Allocations06/22/2015
In a perfect world, wells, field measurement, and their corresponding hydrocarbon allocations would be developed simultaneously, but fiscal limitations, regulations, and changing calculation requirements make the reality much more complex. And with multiple consumers and downstream processes within an upstream company relying on the results of these allocations, it is important that some fundamental best practices be followed to ensure accuracy and timeliness.
In this webinar, Clara Fuge, Vice President of Product Management, as she presents industry best practices around accurate production allocations that include:
- Continual assessment of the quality of measurements
- Flexibility of the calculations used
- Changes in the operating environment
- Well defined validation processes