Close

Search

News and press

Automated Integrated Production Accounting System Provides Best-in-Class Operations for Complex Industrial Environments

Sep 22, 2020

KBC releases Visual MESA Production Accounting 4.0 to digitally manage and integrate scheduling and reconciled balance data into corporate systems.

KBC (A Yokogawa Company) announced the release of Visual MESA™ Production Accounting (VM-PA) 4.0 for yield accounting and data reconciliation in Oil & Gas operations. VM-PA now integrates with Visual MESA™ Supply Chain Scheduling to run accounting and scheduling processes, creating a single source of truth between the asset and the supply chain. The combination moves the oil and gas industry towards their digitalization goal of value chain optimization.

Oil & Gas operators have huge value potential from their existing information. However, they currently lose thousands of dollars regularly due to the challenge of managing, tracking, and sustaining site-wide accounting data. The complex processes, poorly integrated workflows, lack of accurate information, and the associate costs for maintenance all play a factor.

VM-PA 4.0 helps operators to run their business processes in an integrated workflow with other related business areas, such as operational data, scheduling, and corporate IT systems. It automates the capture, balance, and tracking of complex-wide systems to increase efficiency and reduce operating costs by managing, tracking, and generating data sustainably. VM-PA 4.0 provides the single version of the truth that serves as the foundation for the facility’s hydrocarbon allocation and loss control initiatives.

VM-PA is now accessible from mobile devices with a new intuitive interface so users can easily access information from anywhere, anytime. Security enhancements ensure users are running auditable production accounting in a secure environment.

“Visual MESA Production Accounting 4.0 is a huge step forward towards this solution being fully available as SaaS in the near future in either public or private clouds,” said Federico Neira, Product Manager, VM-PA. “We are on the road for customers to reduce their local IT-related maintenance costs to zero with cloud deployment. By integrating engineering knowledge with production accounting, it automatically creates the ‘best in class’ system, allowing industry to capture the huge potential value from digitalization.”

To find out more about VM-PA, please contact us.

Share this

Related news articles

NEWS

New digital twin technology to minimize process engineering waste

Jun 10, 2020

KBC’s Petro-SIM® optimizes total cost and ownership value of process simulation models in Oil & Gas and Chemical industries.

Read full article
NEWS

KBC and OLI Systems announce predictive software solution to mitigate USD 65 billion/year corrosion and scaling problems across the oil and gas industry

Jun 3, 2020

Petro-SIM® and the OLI Alliance Engine digital twin mitigates operational risk, increases efficiency, and prevents revenue loss.

Read full article
NEWS

Rompetrol to achieve digital transformation and triple bottom line performance with KBC digital twin

Apr 30, 2020

Petro-SIM® connected digital twin to sustain margin improvements and underpin digital transformation activities.

Read full article
View all news

Get the latest updates from KBC

Sign up to our newsletter to receive our latest innovations, viewpoints and be informed about any upcoming events.