With operating margins under pressure, oil and gas producers and marketers need to ensure that they have the best possible contract options in place with processors. And a reliance on manual processes means they face challenges making timely contract option elections and validating processing payments against metered volumes.
OpenLink provides a complete solution for midstream management – from forecasting of in-let supply and tailgate volumes, management of contracts options and quality analysis to position management and scenario modeling right through to back office documentation (including plant statements) and accounting.
By automating the calculation of complex processing options, you can both improve timeliness and accuracy in making elections and leverage multiple what-if analyses to negotiate the most favorable contract options.
Furthermore, you can load all your processing contracts into the system, map them to meters and automatically get an accurate forecast of volume and value to verify payments received.