The results
Through the implementation of VM-PA, ANCAP reduced real and apparent losses by an estimated $977,000. In addition, the system detected a leak in a buried line representing a loss of $20,000 per month, which ANCAP were then able to fix.
Success stories
Production accounting case study
ANCAP, the national oil company of Uruguay, approached KBC as they were looking to replace their obsolete production accounting systems. The new system would need to cover ANCAP’s hydrocarbon business consisting of a crude oil reception terminal with a total capacity of 536,000 m3, an oil refinery with a capacity of 50,000 b/d and 6 distribution plants for refined oil products located strategically throughout the country.
The challenge
At ANCAP, there were no standards in place for the implementation and use of hydrocarbon production accounting systems. In addition, once a new system was installed, processes needed to be designed to ensure the information generated by the system was appropriately used throughout the company.
Solution
KBC provided Visual Mesa Production Accounting (VM-PA). Implementation included modeling of the refinery site, delivery of training for daily use and provisions to allow for ANCAP to expand the system across all areas of the company.
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