Hydrocarbon accounting (HCA), is defined as “the system by which ownership of oil, gas, gas liquids and produced water is determined and tracked from the point of production to a point of sale or discharge”. The terms allocation and production reporting are also commonly used to refer to this function.
It has two essential elements. Firstly, gathering and validating flow measurement data in order to establish the definitive record of production from a facility. Secondly, it involves carrying out allocation calculations on the flow measurements to derive quantities that are not measured directly.
Hydrocarbons Accounting Solution includes two essential elements. Firstly, gathering and validating flow measurement data in order to establish the definitive record of production from a facility. Secondly, it involves carrying out allocation calculations on the flow measurements to derive quantities that are not measured directly. And the Hydrocarbons Accounting Software can be classified to cloud-based and on-promise type, and the cloud-based type is leading the growing market at present.
Hydrocarbons Accounting Solution is mainly used for three applications: Oil, Natural Gas and Water. And Oil & Gas was the most widely used area which took up about 98% of the global total in 2016.
North America is the largest consumption countries of Hydrocarbons Accounting Solution in the world in the past few years and it will keep increasing in the next few years. USA market took up about 30% the global market in 2016, while Europe was about 23%.
In 2018, the global Hydrocarbons Accounting Solution market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global Hydrocarbons Accounting Solution status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Hydrocarbons Accounting Solution development in United States, Europe and China.
The key players covered in this study
SAP
Adept Solutions
P2 Energy Solutions
Tieto
Quorum Business Solutions
EnergySys
Schlumberger
JPL
Pansoft
CGI Group
Wipro Limited
Infosys
Market segment by Type, the product can be split into
On-premises
Cloud-based
Market segment by Application, split into
Oil
Natural Gas
Water
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Hydrocarbons Accounting Solution status, future forecast, growth opportunity, key market and key players.
To present the Hydrocarbons Accounting Solution development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Hydrocarbons Accounting Solution are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Hydrocarbons Accounting Solution. Industry analysis & Market Report on Hydrocarbons Accounting Solution is a syndicated market report, published as Global Hydrocarbons Accounting Solution Market Size, Status and Forecast 2019-2025. It is complete Research Study and Industry Analysis of Hydrocarbons Accounting Solution market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.