• 1201 Orange Street, Suite 600, Wilmington, New Castle County Delaware USA 19801
Escalating drilling and completion costs, along with fluctuating natural gas and crude oil prices have put a premium on information management and cost control.

The main objective for any upstream company is to identify the least expensive and most efficient way to produce hydrocarbons and account for revenue from that production. Companies can’t achieve this goal without effective, real-time information management.

SAP Production and Revenue Accounting overcomes these difficulties by integrating the entire business process chain – from crude oil and natural gas production to distributing revenue to the interest owners. Employees throughout the enterprise can work with the same data, which eliminates unnecessary data entry and improves data consistency, and the system makes data available across the company so it is always available for decision-makers

Diligent assists and guides the clients and provides:

Model business blueprint based on variable business requirement such as
  • Country specific requirement reporting requirement
  • Oil, Gas, Water and NGL production accounting
  • Royalty processing
Position papers on
  • Master data Design
  • Oil & Gas Production processing
  • Period end process
Model configuration document for
  • Measurement system
  • Well test and MP Volume processing
Production Sharing Accounting
Customized programs for
  • MP Mass processing
  • Allocation processing
  • Loss allocation processing
  • Reporting cockpit