Streamlining Measurement for Efficiency: A Case Study in PRA Alternate UOM Solutions
Overview:
Diligent Global spearheaded a project for a national oil and gas conglomerate to overhaul their production revenue accounting (PRA) system, addressing critical gaps in the measurement of oil functionalities, which hindered accurate well completion volumes.
Challenges:
- Inefficient standard UOM resulting in reconciliation issues and inaccurate reporting.
- Outdated PRA tools unable to keep up with the expanded scope of measurement data.
- The need for a robust conversion process from base to standard UOMs for enhanced data accuracy.
Solutions:
- Implementation of alternate UOM solutions to enable precise measurement and conversion processes.
- Upgradation of PRA design to facilitate reconciliation reports and validate completion volume.
- Enhancement of PRA tools with the capability to manage additional measurement data and integrate with SAP IS-OIL.
Results:
- Accurate and reliable conversion from base to standard UOM, ensuring consistent reporting across the organization.
- A comprehensive reconciliation report system that bolstered data validation and completion volumes.
- Modernized PRA tools, leading to improved efficiency in data management and reporting.
Summary:
This case study underscores Diligent Global’s proficiency in delivering a customized PRA Alternate UOM Solution that not only addressed the immediate measurement challenges but also laid a foundation for ongoing operational excellence in the oil, gas, and mining industry.
Elevate your company’s PRA system with Diligent Global’s expert solutions.
Get in touch at info@diligent.com to discuss how we can optimize your revenue accounting and reporting processes.
Get in touch at info@diligent.com to discuss how we can optimize your revenue accounting and reporting processes.
