Tracking production volumes is imperative to operational decision agility. Tracking production means more than measuring how much oil and gas is produced, you need to automate and systematically track production allocation, because it determines your company’s payroll.
Critical Data Distributed Across The Entire Enterprise. BOLO Production's seamless approach to production tracking enables you to record a volume once and flow that information through the system, meeting production, revenue accounting and compliance reporting needs.
With the BOLO Production system, volumes that have been tracked and allocated are captured and monitored in a dynamic database. The entire enterprise has access to the same, up-to-date information central to making intelligent, proactive operational decisions.
Each well produces differently throughout its life. BOLO Production helps you determine where to concentrate assets and manpower based on the revenue flowing from each well, at every well site.
Daily & Monthly Allocations
Allocations can be performed based on daily and monthly production volumes in both onshore and offshore projects. In addition to standard reports, AdHoc production reporting is available using Query or Advance Search features and production information is available via the Executive Dashboard.
BOLO Production audit and internal controls meet the most stringent compliance requirements. Our deep experience, culled over many years of helping oil and gas enterprises navigate changing regulations, is built into BOLO Production.
SCADA & Field Data Integration
Data captured in the field, such as tubing and casing pressures, down time, tank and meter data, run tickets and well tests, is fed from a field data capture system into BOLO by using the import process.