Operating a gas plant is a complex and time-consuming process. A gas plant presents a variety of complicated calculations and transaction requirements. A good plant accounting system requires both ease of use and flexibility. For this, EMK3 offers the Plant Operations Modules.
The Plant Operations Modules are a complete plant accounting system. It provides deep functional support for plant operators to efficiently manage the full range of complex transactions. This includes tracking gas analysis components, storing metered production volumes and capturing all contract terms for both POP purchase and cost recovery. The Plant Operations module performs full volume allocation back to receipt meters and producers. It also performs full cost allocation. As output, the module generates plant statements and various revenue and volume reports.
The Plant Operations Modules are designed for:
- E&P companies or subsidiaries that operate a gas plant
- Midstream Companies that operate gas plants
Plant Operations Modules
The Contract Administration Module allows you to manage all contracts for your plant. Store all your contract terms in one convenient place. This module has extensive support for terms and provisions, such as field gathering and field fuel rates, plant processing and treating rates, gas and NGL purchase terms, and more. You can monitor contract expiration dates, generate contract briefs, and even electronically store your executed agreements.
Meter and Production
The Meter and Production Module stores basic information on all meters behind the plant. It provides a single portal for all volume information critical to plant operations. It integrates with your production system to receive volume information and gas analysis from the field. In addition, it stores plant measurement volume such as Plant Fuel, Plant Flare, Plant Inlet, Residue Gas, each NGL component and more.
The Allocations Module provides powerful tools to manage critical plant allocation functions. It performs all component allocations back to receipt meters and producers. It also gives easy to read screens which detail all calculations organized into industry standard categories like "Gross Wellhead", "Field Fuel/Loss", "Delivered to Other", "Net Delivered", "Liquid Theoretical", "Liquid Allocated", "Liquid Shrink", "Plant Fuel", "Plant Flare", "Theoretical Residue" and "Allocated Residue".
Revenue Reporting and Analysis
The Revenue Reporting and Analysis Module captures all data used for revenue and expense calculations and provides critical internal controls for information management. This module provides full transaction processing capabilities for calculating all plant expenses and Gas and NGL purchase terms. As output, the module generates plant statements, margin reports and more.