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Hydrocarbon Revenue Management Solutions

Streamline finance and revenue processes for upstream companies

Improve the efficiency of revenue and venture management processes with software for hydrocarbon accounting from SAP. With our solutions, operators can work together with partners in a more effective and collaborative way while they track the progress of capital investments.

Learn more about our hydrocarbon revenue management solutions

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Solution Capabilities

Explore the capabilities of our hydrocarbon revenue management solutions:

Revenue Accounting

Determine revenue accounting quantities and values including individual ownership of hydrocarbons

Manage ownership allocation, contractual allocation, and product balancing in upstream production operations with revenue accounting software from SAP. Quantify revenue accounting data to verify actual amounts of hydrocarbons sold, separate working interest from royalty interest, calculate tax burdens, and disburse payments. Automatically reprocess closed accounting data when hydrocarbon measurements or ownership changes to calculate and pay royalty payments faster and more accurately.

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Joint Ventures

Increase visibility into joint ventures and production-sharing contracts for timely billing and reporting

Gain full visibility into capital and operating expenses and overhead reimbursements using joint venture software from SAP. Capture joint-venture data, calculate partner shares of expenses, and distribute billable and non-billable costs to different cost centers and projects. Maintain accurate accounting records, and calculate partner expenses and distributions according to ownership agreements to comply with production sharing and joint venture agreements and timely invoice handling.

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Authorization for Expenditure and Asset Management

Manage expense authorizations and assets from inception through abandonment

Help ensure successful authorization for expenditure (AFE) programs by consistently applying project activities and cost collection – with SAP software for authorization for expenditure and asset management. Standardize templates for exploration, drilling, and abandonment authorization. Integrate project cost with asset management to help accountants close the books faster. Support industry methods for determining depletion, depreciation, and amortization calculations with asset management functionality.

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