Hydrocarbon accounting is a term for describing how the ownership of gas and oil is determined and tracked from the point of production to the point of sale. Other terms for it are Hydrocarbon Value Realisation or Production Management and Reporting. The main processes are measurement, allocation and reporting. Mistakes and/or delays in hydrocarbon accounting could…
Formed in July 2015, EQ8 Consulting Ltd are focused on adding value through our experienced, knowledge led team conceived and developed in today’s challenging energy market.
We specialise in Hydrocarbon Allocation, supply of Operational Technical Support Personnel, Technical Training, Independent Audit and Production Management Systems Support – independence, flexibility and affordability are central to our operating philosophy.
“EQ8 provide assurance and support for our clients in leveraging maximum value for their hydrocarbon production through their Hydrocarbon Accounting processes”
Our specialist team of Consultants have, between them, well over 100 years of experience in the oil and gas industry. They have extensive knowledge of industry best practice and are focused on maximising value for all our clients.
EQ8 have a great knowledge of North Sea distribution systems and were a key resource in setting up Hydrocarbon Allocation systems for a new asset. They developed the allocation methodology, and assisted determining the required flow of information and documenting all HA reporting processes within the company. This was a great assistance in a small operations team, and helped to ensure that the start-up of the asset was smooth from the hydrocarbon accounting side.