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.

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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

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

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

Energy Management

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

Compliance

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

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 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

Sigmafine migration at Reliance’s petrochemicals complex at Dahej

Hear about the importance of accurate data and robust accounting processes with “Digitalized” aids, the use of Sigmafine in internal controls at Reliance and journey of Sigmafine software upgrade to latest version with the management focus, meticulous planning and seamless transition at all manufacturing divisions and the benefits realized at one of RIL Petrochemical complex, Dahej Manufacturing Division will be presented.

Improving daily reconciliation quality in Slovnaft Refinert

Improving daily reconciliation quality in Slovnaft Refinery

Slovnaft production accounting team developed a set of metrics based on the indicators Sigmafine provides to measure how the balance is performing and the improvements over time.

Learn how the Sigmafine model is supporting operations both with identification of meter issues and to perform loss allocation by source at the Slovnaft Refinery

Monitoring stocks and fiscal movements to supply timely integration to Astron Energy ERP using Sigmafine IMM

Learn how Astron Energy uses Sigmafine to monitor the data quality of the raw measurements used to perform the daily refinery plant mass balance and monthly production accounting as well as the validation of the refinery daily & monthly stock balance.

Using Sigmafine to facilitate communication and drive data-informed decisions across the organization

This presentation will discuss how Sigmafine is used at the Billings refinery to facilitate communication and drive data-informed decisions across the organization providing information that is conditioned, timely, accurate, verifiable, and consistent with P66 business processes.

Leveraging Sigmafine and the PI System to Ensure Data Consistency Through the ENI Versalis MES Infrastructure

Versalis, the ENI chemical company, decided to digitize their MES infrastructure to support managerial decision making. In this presentation, ENI will review the already deployed Sigmafine and PI System solution, how it’s standardized business processes across the company, and how it’s expedited decision making in daily operations.

The Multiple Uses and Benefits of a Well-Conditioned Refinery Dataset – Phillips 66

Phillips 66’s Sweeny Refinery uses Sigmafine to validate and organize data for use by people, systems, and processes. This presentation tells the story of their digital transformation and the core benefits of using Sigmafine to prepare the refinery for the future.

Achieving Operational Excellence with Automated Hydrocarbon Accounting with Sigmafine at Reliance

Technology empowers operational excellence in the hydrocarbon industry, but that excellence requires well-conditioned data. This presentation addresses common challenges faced in the hydrocarbon manufacturing industries and how to overcome them when standardizing and automating processes.

Iplom – Supporting Timely Business Decisions in an Agile Refinery with Sigmafine

Learn how Iplom uses Sigmafine to monitor plant operations, track production targets, track oil movement operations, and improve efficiency through energy management.

Using Sigmafine to Improve Production Accounting and Data Reconciliation at Chevron Refineries

A look at the replacement of aging disparate systems used to manage inventory, material transfers, and purchases/sales of feedstocks & finished products.

Downstream

Data Validation and Reconciliationin Oil & Gas Refineries