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Challenges in Hydrocarbon Allocation

Date post: 29-May-2015
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The slides from Dr Peter Black's recent presentation at our own 'Addressing the Challenges in Hydrocarbon Allocation' Event in Aberdeen. The presentation is based on the results of our recent survey regarding the challenges in hydrocarbon allocation, discussing the results, insights and what this means for the oil and gas industry.
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Page 1: Challenges in Hydrocarbon Allocation

Challenges in hydrocarbon allocationFeedback from the community

Page 2: Challenges in Hydrocarbon Allocation

Why, and why us?

Page 3: Challenges in Hydrocarbon Allocation

Who are you, and

what do you do?

Page 4: Challenges in Hydrocarbon Allocation

Job titles

Hydro

carb

on

Manag

er

Accountan

t

Alloca

tionSe

nior

Measurement

0%5%

10%15%20%25%30%35%

Page 5: Challenges in Hydrocarbon Allocation

Survey geography

UK47%

USA14%

Africa14%

R.O.W.25%

Page 6: Challenges in Hydrocarbon Allocation

Summary

PainLack of best practices

Use of spreadsheets

Data integrity and reliability

Under-valued profession

Knowledge transfer and

training

Page 7: Challenges in Hydrocarbon Allocation

Data confidence

Somewhat54

%Very

22%

Extremely 12%

Not at all 12%

“Data was not felt to be under control,

and this left the contents of reports open to suspicion”

Page 8: Challenges in Hydrocarbon Allocation

Impact ComplianceIssues

Missed opportunities

Poor operational decisions

Page 9: Challenges in Hydrocarbon Allocation

Identifying best practice

Hard35%

Very Hard30%

Easy25%

N/A10%

ISO22%

H&S17%Others

39%

Internal Stan-dards11%

None11%

Page 10: Challenges in Hydrocarbon Allocation

Knowledge managementPro-ce-

dures &

Guidelines17%

Training & Sem-inars34%Technology

28%

Face to

Face10%

Recruitment10%

Page 11: Challenges in Hydrocarbon Allocation

Recognition

“Over 80% of respondents did not believe that the

profession or the work of HCA professionals was fully

recognised by the industry”

Page 12: Challenges in Hydrocarbon Allocation

Professional status

80% of respondents thought that

certification of HCA specialists would be a

positive thing

“Over two-thirds of respondents said they

found it difficult to recruit and retain HCA

staff”

Working in HCA is not perceived as a career in itself, more “a step on the management

ladder”

Page 13: Challenges in Hydrocarbon Allocation

There is a certainty that HCA is important to the integrity

of the business it serves

Page 14: Challenges in Hydrocarbon Allocation

Moving forwardSkills

Definition

Community

Resource Hub

Standards-based apps


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