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

Phillips 66 – Shaping Data with Sigmafine (SFUM 2014)

This presentation discusses the implemenation of Sigmafine 4.5 at the Phillips 66 (P66), Billings, Montana Refinery. It will look at the advances available in the new version and the possibility to more fully integrate Sigmafine with other modeling processes. This presentation offers examples of both changes to the reconciliation process and system integration.

Eni (Polimeri Europa) – An Enterprise Collaborative Environment to Enable the Daily Operations Decision-Making Process (OSI-UC-EMEA 2008)

See how ENI implemented Sigmafine to solve collaboration issues acorss mutiple sites solving issues related to having different environement and meet multiple requirements.

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.

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.

Phillips 66 – Extending the Use of Sigmafine Data (SFUM 2015)

A look at Phillips 66 Billings Refinery overview of how the value of Sigmafine’s reconciled data is being increased within their refinery. See how Sigmafine is extended beyond its fundamental role to support business groups or processes within an organization.

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.

Sigmafine migration at Reliance’s petrochemicals complex at Dahej

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.

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.

Eni – Make It Easy for the Daily Balance Accountants (SFUC 2011)

This presentation discusses how migrating to Sigmafine 4 satified requirements of ENI Sigmafine users. Look at the migration approach and lessons learned.

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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