Energy Component Product Suite

KEEP TRACK OF YOUR ASSETS WITH WORLD’S LEADING HCA SOFTWARE

All oil and gas operators need to keep records of extractions from the reservoirs, the amount consumed, re-injected or disposed of, and the delivery and transportation of oil and gas to buyers and other facilities. This is called hydrocarbon accounting, and Tieto delivers this global leading solution.

Our Energy Components product suite offers unprecedented support for production operations, terminals, gas plants, LNG facilities and more. Our strategy is to offer one integrated solution from reservoir to financial accounting for the global upstream business, and the portfolio consist of six fully integrated solutions sharing the same underlying database.

Energy Component Portfolio

EC Production, covering functionality required by upstream organizations for production management, allocation and reporting. EC Production is used for Operated assets only.

EC Transport, covering functionality employed when transporting hydrocarbons either through pipeline systems, trucks or vessels. EC Transport is used for operating the transport system.

EC Sales, covering functionality to support the sales organization in selling and/or trading hydrocarbons including managing complex gas sales contracts. Relevant both for own and partner-operated assets.

EC Revenue, handling invoicing and control of any data relevant for revenue recognition’s and includes a two-way interface with financial accounting systems. Relevant both for own and partner-operated assets.

EC NOV (Non-Operated Ventures), handling Non-Operated production data, by receiving such data in a number of formats, validation, aggregation, reporting, etc. It provides a common storage for such data.

EC NOV (Non-Operated Ventures), handling Non-Operated production data, by receiving such data in a number of formats, validation, aggregation, reporting, etc. It provides a common storage for such data.

Based on such EC products, any functionality requirement within the whole hydrocarbon accounting value chain can be provided.

Overview of EC product suite

Energy Components provides solutions for an extensive set of work processes divided into business areas. It consists of a set of software components, which are employed as building blocks when assembling a complete production data management solution. All components have been grouped together to form business areas, which may be employed individually.

The component-based architecture of Energy Components allows customers to extend the solution as new requirements emerge.

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