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

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.

Data Driven Actions Should not be a Balancing Act

Data Driven Actions Should not be a Balancing Act

Digital transformation in the process industries brings unique challenges – like the need to continuously connect processes and people by integrating disparate data across the supply chain. This presentation explores how to overcome this challenge while creating new business opportunities and adding value to the customer experience.

Slovnaft – Sigmafine Reconciliation Tool Implementation in Slovnaft Refinery (PRC Europe 2017)

See how Slovnaft implemeted Sigmafine to win the challenge of production acconting, data quality, and integration of data work flow from field up to the enterprise level.

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

© 2021 Pimsoft. All rights reserved. Sigmafine®, SigmafineHub®, and SigmafineVisualizer®are registered trademarks of Pimsoft. All other trademarks or trade names used are the property of their respective owners.

Scroll to Top