Oil and Gas
Hydrocarbon Planning and Capital Project Portfolio Management
To streamline operations, manage allocation agreements with partners and stay compliant, enterprises need visibility across the hydrocarbon supply chain from the oil well to the point of sale.
Infosys Consulting helps clients to capture near real-time data across exploration, production, and distribution operations. A unified source of auditable data reduces the cost of data management and facilitates the introduction of new assets. Further, reliable production reports help professionals make informed decisions in production planning, asset utilization, and financial management.
By combining consulting expertise with IT tools for end-to-end hydrocarbon information management, our Hydrocarbon Accounting (HCA) solutions manage field operations, volumetric and contractual allocation, contract pricing and valuation, revenue distribution, payment processing, taxation, and royalty management.
Our HCA system also handles unscheduled deferments, mitigates business risk and ensures accurate allocation and ownership accounting including payables, receivables, and joint venture accounting for shared resources. We also undertake gap-fit analysis and develop interfaces to implement third-party HCA products.
- Our process-oriented approach helps clients to evaluate the existing hydrocarbon management process and maximize solution benefits by optimizing the process prior to product selection or solution configuration
- Our Value Realization Methodology (VRM™) involves identifying areas of improvement. We help clients recover up to 1% of production revenue through precise allocation and cost accounting
- Our hydrocarbon management CoE enhances our services and solutions across the hydrocarbon data chain backed by HCA consultants, intellectual property and partnerships with product vendors
- We leverage in-depth product experience owing to several large-scale implementations using off-the-shelf HCA products such as Energy Components, P2 Energy Solutions, EnergySys, Avocet, and SAP PRA