Oil & Gas Downstream

Data Validation and Reconciliation in Oil & Gas Refineries

Refineries are using Sigmafine to drive daily business, account for material, report inventory, and integrate with ERP and business intelligence to support corporate governance.

downstream

A single production accounting platform used by financial accounting and operations departments to improve planning and logistics

The refining world is facing challenges due to the uncertainty of oil prices, new fuel specifications, and limited investments, all of which put pressure on existing capacities. To overcome these challenges, oil and gas refineries must use resources carefully and make informed planning and operations decisions. Data availability is not enough; that data must also be consistent and accurate to empower strategic decision-making.

production accounting

Production Accounting

Sigmafine is used daily in refineries with many production units, multiple tank farms, and thousands of flow meters to deliver validated, reconciled, and conditioned data for accurate production accounting.

yield accounting

Yield Accounting

Sigmafine supports accountants by identifying inconsistencies, bad values, and gross errors which can be traced back to individual process units.

energy management

Energy Management

Accurately monitoring energy-intensive equipment is critical to improving usage and decreasing emissions.

compliance

Compliance

Sigmafine also supports energy managers’ duties in complying with energy directives and standards such as ISO 50001:2011.

composition-tracking

Composition Tracking

Knowledge about crude or intermediate inventories’ material quantity is crucial for better planning and yield estimation (e.g. evaluating mixtures feeding the units and optimizing inventory allocation).

quality tracking

Quality Tracking

Quality tracking analysis provides an additional estimate of the physical properties of mixtures (e.g. density, viscosity, flash point, and sulphur content) that are stored in inventories or fed to the process units.

Supported Applications

  • Production and yield accounting
  • Composition and quality tracking of crude and semi-finished materials
  • Movement management
  • Energy management and emissions monitoring

Integrating Sigmafine with SAP

Sigmafine comes with an integration framework component, allowing data to interface with external systems, including SAP. The most common SAP modules integrated with Sigmafine are:

  • PPPI: Post reconciled figures of productions, consumptions, and losses compared with planned/business figures
  • SD: Download inbound raw material receipts and outbound final product shipments from SAP
  • WM/MM: Align physical or logical SAP inventories with Sigmafine inventories

The Benefits of Improved Data Quality

Improved data quality in the oil and gas refinery industry is primarily associated with:

  • Validating and automating production accounting
  • Validating auditable estimates of raw materials, intermediates, and product inventories
  • Validating KPIs for improved process control and system optimization

The Business Impact of Implementing Sigmafine

Customers who have implemented Sigmafine have achieved:

  • Daily production accounting automation
  • Equipment & site-wide performance monitoring
  • Yield accounting
  • Loss monitoring
  • Results distribution throughout the organization
  • Improved production planning and logistics

On top of delivering these benefits that drive operational excellence, it’s been estimated that Sigmafine has a payback period of less than 6 months – a critical value proposition for customers who are tightening resources to stay competitive.

Sigmafine References in Oil & Gas Downstream & Refining

Hunt Refining – Sigmafine System Integration at Hunt Refining (SFUM 2014)

Look at Sigmafine System integration at Hunt Refining for plant production and yield accounting. Look at the how Hunt uses multiple components to connect to others systems and report accurate information about the refinery is performing.

Eni (Polimeri Europa) – Taking SAP to the Factory Floor

This presentation focuses on ENI (Polimeri Europa) journey to implement SAP across multiple sites using different design and implementation parameters with OSIsoft PI System.

Phillips 66 – Sigmafine Use for Internal Controls (SFUM 2014)

This presentation discusses the benefits of Sigmafine upgrade, why its used, and how the indicators are used as metrics to evidence their daily mass balance for SOX compliance at the Phillips 66 (P66) Sweeny Refinery.

Eni (Polimeri Europa) – Taking SAP to the Factory Floor – One Year of Success

Take a look at the story of successful implementation of SAP and PI system at ENI (Polimeri Europa).

Phillips 66 – Extending the Use of Sigmafine Data (SFUM 2015)

A look at Phillips 66 Billings Refinery overview of how the value of Sigmafine’s reconciled data is being increased within their refinery. See how Sigmafine is extended beyond its fundamental role to support business groups or processes within an organization.

Eni – Make It Easy for the Daily Balance Accountants (SFUC 2011)

This presentation discusses how migrating to Sigmafine 4 satified requirements of ENI Sigmafine users. Look at the migration approach and lessons learned.

Pimsoft – Leadership in Energy Management at IPLOM S.p.A. (SFUM 2015)

This presentation looks at how Sigmafine supports IPLOM within the ISO 50001:2001 Energy Management System to improve energy efficiency by performing real-tim energy and mass balance of the topping furnace, allowing to optimize operations and save money.

IPLOM – Using Analysis Framework to Improve Decision Making and Optimize Production

A look at a case study of how IPLOM used Sigmafine and RtPM to optimize operations, increase ROI and grow their business. See how IPLOM uses Sigmafine for movement tracking, Refinery Yield Management, and Performance Management.

Eni Versalis – Improve Decision-Making Through Model-Based Material Qualities Estimation (GPS 2017)

Look at how Sigmafine Quality Tracking algorithm is applied at ENI Versalis aromatic plant.

Downstream

Data Validation and Reconciliationin Oil & Gas Refineries

Refineries are using Sigmafine to drive daily business, account for material, report inventory, and integrate with ERP and business intelligence to support corporate governance.

Marco Lanteri

Marco Lanteri
Industry Principal for Refining
Pimsoft, S.p.A.
Milan

Americas & APAC

Pimsoft Inc.
757 N. Eldridge Parkway, Suite 725
Houston, TX, 77079,  USA

Phone: +1 (281) 920-9196
Fax: +1 (281) 754-4421

EMEA

Pimsoft S.p.A.
Corso Stati Uniti, 35
10129 Turin, ITALY

Phone: +39 011 5625213
Fax: +39 011 5637744

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