Hydrocarbon Accounting & Production Allocation Course

Day 1
 Introduction to hydrocarbon Accounting
 Hydrocarbon Allocation Demand, Structures & Types
 Field & Fiscal Allocation and Allocation Management
 Field Allocation System & Sample Configuration




Day 2
 Flow Metering, Test Separator Measurement, Tank Measurement, Downhole Pressure Gauge, Virtual Metering, Automatic Sampler, Estimates, Flow Rate Estimation
 Field Allocation System & Sample Configuration, metering technologies,
 Static measurements, Tanks and Marine vessel fiscalization; Measurement Uncertainty and its effects on allocation. Fiscal & Custody Measurements, Fingerprinting & Gas Chromatography



Day 3
 Allocation Calculation Methods, Proportional (or Pro Rata) Allocation Method
 Proportional Allocation Calculation, Corrected Well Allocation, Probabilistic & Ownership Allocation, Component Allocation, By-difference, Keep-hole etc
 Stakeholder management & benefits – Production Process Management, Regulatory

Day 4
 Monthly Production Allocation – Theoritical & Well Test Allocation
 Uncertainty, Uncertainty Measurements & Correction Factors, Input Uncertainty
 Hydrocarbon Allocation Challenges & Uncertainty Based Allocation, Production Allocation & Theoritical Oil Production from Well Test, Production Rate, Allocation Calculations.


Day 5
 Hydrocarbon Accounting Software, Process Simulation, Production Profile & forecasts, Deferment Rates Data validation and Reconciliation (DVR), Production Planning, Scheduling, Inventory Management; Contracting, Expenditure, Stock balancing, Sales Agreements, Full Cost Vs Successful Accounting, Statement of Cash Flows, Reserve Accounting Recognition, Reporting, Forecasting & Planning, Best Practices

 End of course assessment

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