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

Using Sigmafine to Improve Gross Margin at Chevron Refineries

This presentation discusses how Sigmafine is being utilized to facilitate and address the business challenges associated with Chevron’s Gross Margin Improvement initiative.

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.

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

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.

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

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.

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 - Supporting timely business decisions in an Agile Refinery with Sigmafine

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.

Achieving Operational Excellence with Automated Hydrocarbon Accounting with Sigmafine at Reliance

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.

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

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.

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

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.

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.

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