Smith Rea Energy - helping to simplify allocation agreements

Allocation agreements often involve complex process models and algorithms that are virtually impossible to carry out on a daily basis by hand. In recent times, production environments have become yet more complex: today’s allocation regimes must cater for a greater number of pipeline or facility entrants, more diverse partner equities and subtler hydrocarbon value differences than ever before. Transparent and fit-for-purpose allocation computer systems are therefore a crucial part of an operator’s business infrastructure.

The successfully delivery of such systems involves more than the development of a simple calculation engine. Due consideration must also be given to:

Open, scalable databases for the retention of all relevant information and calculation results
Data acquisition mechanisms: information must be gathered from measurement systems, data historians, price index data-feeds, and directly from users
Data integrity and validation
Access control and audit tracking
Report delivery and version control, and
Interfacing with the operator’s financial and corporate information systems.

Smith Rea helps operators deliver. In this area, we provide: