Production Excellence for Midstream
The midstream portion of the hydrocarbon value chain has its own needs. On your
way to operational excellence we can help with:
- Hydrocarbon loss reduction.
- Mass balancing and reconciliation to improve production accounting.
- Royalty calculations, allocation, custody.
- Integration of planning and scheduling tools to increase accountability and enable agility.
- Regulatory compliance and reporting.
- Finding a single version of the truth when it comes to production and compliance numbers.
Through long experience with midstream solutions, Honeywell has gained a deep understanding
of production management, regulatory compliance, production and yield accounting
and data management.
Our Production Excellence for Midstream program helps you confidently meet the challenges
in a complex industry where the rules of the game are changing fast.
At the heart of our Production Excellence for Midstream program is
Production Intelligence. It gives you confident knowledge in the location of your
material, anywhere in your value chain at any time. Our open-standards approach
to integration leaves your data where it is and connects to it as required—avoiding
the perils of duplicating data.
A field-proven solution in the hydrocarbon value chain:
- A "single version of the truth" via our intelligent facilities model
- Component-level volume, mass and energy balance reconciliation at any organizational level
- A powerful calculation engine for allocation, royalty and other reporting
- Automated workflow generation: notification, action, reporting — all with tracking and accountability
- Fully auditable calculations and transactions
- Decision support