Hydrocarbon Accounting
Every barrel, every standard cubic meter, correctly measured, allocated and reported — to partners, regulators and your own balance sheet.
In shared facilities and commingled production, allocation is money. Small systematic errors in measurement or allocation logic compound into material misstatements between partners, and weak mass balance discipline hides losses that should be investigated.
BeamsConsult designs, audits and implements hydrocarbon accounting systems: allocation philosophies and agreements, metering system audits against fiscal standards, daily mass balance processes, and the reporting layers that regulators and joint venture partners require.
What We Deliver
- Allocation philosophy and procedure development for commingled systems
- Hydrocarbon accounting system specification, selection and implementation
- Measurement and metering system audits (fiscal and allocation)
- Daily/monthly mass balance process design and imbalance investigation
- Production reporting to partners and regulators
- Measurement uncertainty analysis and exposure quantification
- PVT and shrinkage factor management in allocation chains
Our Approach
- Map the hydrocarbon flowFrom wellhead to export: streams, meters, tanks, fuel, flare and losses.
- Audit the measurementsVerify meters, sampling and analysis against fiscal standards; quantify uncertainty.
- Design the allocationAllocation logic that is contractually compliant, equitable and auditable.
- OperationalizeSystems, procedures and daily routines that keep the balance closed.