Hydrocarbon Accounting and Production Reporting
You need visibility across the hydrocarbon supply chain – from the oil well to point of sale – for streamlining operations, managing allocation agreements with partners, and complying with regulations.
The Infosys Oil and Gas practice combines consulting expertise with IT tools for end-to-end hydrocarbon information management. Our Hydrocarbon Accounting (HCA) solutions span field operations, volumetric and contractual allocation, contract pricing and valuation, revenue distribution, payment processing, taxation, and royalty management.
We help oil and gas enterprises 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 introduction of new assets. Moreover, reliable production reports help professionals take informed decisions for production planning, asset utilization, and financial management.
Our hydrocarbon accounting system manages unscheduled deferments while mitigating business risks. The HCA solutions ensure 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.
- Process-oriented approach – Evaluates the existing hydrocarbon management process at the outset. It maximizes benefits from the HCA solution by optimizing the process prior to product selection or solution configuration.
- Value proposition – Identifies areas of improvement and realizes benefits using the Infosys Value Realization Method (VRM™). We help oil and gas enterprises recover up to 1 percent of production revenue through precise allocation and cost accounting.
- Hydrocarbon Management Center of Excellence – Enhances our services and solutions across the hydrocarbon data chain backed by a large team of HCA consultants, intellectual property, and partnerships with product vendors.
- Product experience – Manifests in implementation of large projects using off-the-shelf HCA products such as Energy Components, P2 Energy Solutions, EnergySys, Avocet, and SAP PRA.
Related case study
Automation drives hydrocarbon accounting