Which plant data of yours is accurate?

Posted: November 10, 2023

Unleashing precision with AVEVA™ Production Accounting: Minimizing losses, optimizing plant efficiency, and enhancing environmental compliance

In the ever-evolving world of refineries, petrochemical plants, and processing facilities, precise and reliable plant data is essential for operational excellence. Disparities between measured values and actual values can result in untracked losses and impede profitability. AVEVA Production Accounting software for oil and gas enables users to tackle the urgent challenge of unaccounted losses, refine production efficiency, and elevate environmental compliance.

The challenge of unaccounted losses and environmental monitoring

Unaccounted losses, often termed as "shrinkage," signify the variance between the anticipated and actual output in a process. These disparities could be caused by errors in measurement, leaks, theft, or manipulation of data. Unaccounted losses can have significant financial repercussions, undermining profits and impeding operational efficiency.

Beyond the financial aspects, unaccounted losses also trigger environmental concerns, particularly within the oil and gas sector. Businesses need precise oil and gas emissions monitoring to ensure compliance with environmental regulations and minimize their operational environmental impact. AVEVA Production Accounting is a comprehensive software designed to help the oil and gas industry address the challenges of production accounting, helping facilities to minimize losses and boost efficiency.

AVEVA Production Accounting: Precision and environmental stewardship

AVEVA Production Accounting offers a comprehensive solution tailored for refineries, petrochemical plants, and processing facilities to minimize losses. The software diligently reconciles plant data, detecting and rectifying errors to ensure precise production accounting. By accurately identifying the origins of unaccounted losses, AVEVA Production Accounting empowers oil and gas facilities to implement corrective measures, reducing losses and optimizing profitability.

This oil and gas production accounting software streamlines accurate monitoring of emissions, allowing facilities to effectively track and manage their environmental impact and sustainability. AVEVA Production Accounting provides a holistic perspective on production processes and emissions data. This equips facilities to make decisions that combine operational efficiency with environmental stewardship, helping to achieve sustainability in refineries and processing facilities.

Unveiling the benefits of AVEVA Production Accounting

AVEVA Production Accounting can provide several benefits beyond addressing unaccounted losses and enhancing environmental compliance. They include:

• Enhanced production efficiency: AVEVA Production Accounting optimizes production processes by ensuring data accuracy, leading to increased output and reduced waste.
• Improved compliance: Accurate calculations of feedstock consumption and emissions monitoring guarantee compliance with environmental regulations, mitigating the risk of penalties and ensuring responsible operations.
• Streamlined decision-making: Reliable plant data empowers informed decision-making, enabling facilities to optimize operations and maximize profitability.
• Reduced operational costs: AVEVA Production Accounting directly contributes to cost savings by minimizing unaccounted losses, enhancing the overall financial performance of the facility.

AVEVA Production Accounting: A closer look at its features

AVEVA Production Accounting boasts a comprehensive suite of features tailored to meet the specific needs of refineries, petrochemical plants, and processing facilities. The features include:

• Data reconciliation: AVEVA Production Accounting meticulously reconciles plant data, identifying and correcting errors to ensure accuracy.
• Mass and volume balance: The software maintains a precise mass and volume balance, ensuring that all inputs and outputs are accurately accounted for.
• Automatic gross error detection: AVEVA Production Accounting automatically detects gross errors, preventing them from skewing production accounting.
• Intuitive graphical user interface: The intuitive and user-friendly interface simplifies data analysis and decision-making.
• Modular plant modeling: The software's modular plant-modeling capabilities allow users to create accurate representations of their facilities.
• Validated stream categorization: AVEVA Production Accounting validates stream categorization, ensuring that data is correctly classified.
• Flexible subscription model: The software is available through AVEVA™ Flex, a flexible subscription model designed to suit the needs of your organization.

AVEVA Production Accounting: Empowering your success

AVEVA Production Accounting exemplifies our dedication to empowering refineries, petrochemical plants, and processing facilities on the path to operational excellence. By addressing unaccounted losses, optimizing production efficiency, and refining decision-making, AVEVA Production Accounting charts the course for a more profitable and sustainable future.

Embrace the transformative power of AVEVA Production Accounting and unlock the full potential of your operations. AVEVA Production Accounting is part of AVEVA Value Chain Optimization. End-to-end value chain optimization helps you to redefine your processes to enable deeper collaboration, reduce value leaks and sustain productivity and innovation.

Learn more about AVEVA Production Accounting