Hydrocarbon Accounting (HCA)
Infosys delivers highly scalable end-to-end capabilities for Hydrocarbon Accounting (HCA), which is essential for Hydrocarbon Management. The solution covers the Hydrocarbon Value Chain for Upstream production and comprise various modules from production estimations to revenue accounting.
Business Need
The embedded Hydrocarbon Allocation process helps oil companies to reconcile fiscally measured hydrocarbon production with estimated production volumes from associated wells. It also facilitates back allocation of produced volume of hydrocarbon from the point of sale to the geological formation, well, platform, terminal, and tank after reconciliation. This in turn leads to more accurate accounting of produced/ injected volume. A well implemented HCA system also provides insights into well/ reservoir performance besides sustaining production of oil and gas, and enables informed decision making for production planning.
Business value of HCA implementation for Oil and Gas companies include:
- Transparent ownership accounting along with improved production optimization and reservoir estimations
- Effective management of unscheduled deferments
- Reduced financial losses due to inaccurate allocation of volumes between various stakeholders and tax regimes
- Efficient estimations of hydrocarbon reserves that serve as input to simulate models for major field decisions
Services Spectrum
Infosys' IT services spectrum spans the HCA ecosystem and covers solutions for key challenges listed below:
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HCA details posted by operators in Excel reports are associated with manual errors and delays cascading into significant financial losses
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Solution with multi-user environment has well defined business functions for data acquisition and validation in a seamless manner |
Improved productivity and visibility with agile data processing and validation |
| Enactment of Sarbanes-Oxley Act of 2002 and consequent mandatory requirement of hydrocarbon audit |
Solution ensures security, traceability and transparency with role based restriction on data changes and complete audit trail |
Secure and auditable |
| Multiple application inputs and various interfaces transmitting outputs to external systems |
Collaboration and integration of various systems including real time data and the ability to provide output to various systems |
Portability to fit into the integrated environment |
Infosys' Exploration and Production practice has a dedicated group of Subject Matter Experts (SMEs) and professionals focusing on functions and applications across the HCA value chain. The services and solutions are supported by a mix of product and technology vendors, and corporate Centers of Excellence (CoEs).
Infosys is a member of Energistics and its solutions support appropriate industry standards such as PPDM, PRODML, and WITSML.
We offer program management and consulting, application development and support and systems integration services in the following areas:
- Process Definition and Optimization
- Workflow Integration and Automation
- Business Process Governance
- Production Data Management, Change Control and Quality Assurance
- Production Estimation and Revenue Accounting
- Production Planning and Forecasting
- Reporting and Regulatory Compliance
- System Development and Delivery
- Organizational Change Management
Customers choose Infosys for its enterprise-level capabilities to offer a range of solutions, frameworks, reusable components, consulting, implementation, and testing and support services.